Tekedia Capital Demo Day is coming up as follows: June 12, 2021 at 4-6pm WAT on Zoom. Through our Syndicate, you will invest in some of the most amazing startups operating in Africa. We have qualified some startups for our investing community. We’ll deploy $$millions into them and help to build the NEXT Africa. If you want to join our Syndicate, learn more by clicking here and schedule a meeting with our team.

In Q1 2021, Nigeria spent 66% of all imports on manufactured goods; that was N4.5 trillion. On export, about 66% of exports went for crude oil but our receipt was only N1.9 trillion. The implication is this: unless we have import substitution  for manufactured goods, our balance of trade will not be good. In other words, there is a high level of imbalance in the balance of payment, and that imbalance is the reason Naira has hit N500/$ in the black market.

How do we solve this problem? I will examine China which is our biggest challenge on trade. Yes, we need to buy less from China, and doing that means we need to make many things we buy from it.

A simple idea we can execute is what I have called “180 Build Plan” which means within 180 days, we can provide 24/7 electricity in six cities in Nigeria (Aba, Osogbo, Uyo, Jos, Potiskum, and Sokoto), by working with renewable energy companies, with backup from Tesla batteries, guaranteeing electricity. We have a real chance of getting light manufacturing up and running.

How do we fund it? Disband N-Power initiative and use the money to provide this electricity. Over time, Nigeria via the private sector will hire more permanent people than give graduates $60 monthly for largely nothing. Then, from these 6 cities, we keep ramping things up.

Ladies and gentlemen, only factories and warehouses (modern and old which include startups, digital, cement, noodles, etc firms) will fix Nigeria’s paralysis as it is easier to cut our import of manufactured goods than improve our export of crude oil.

Tekedia capstone-based Certificate is the practical phase of Tekedia Mini-MBA. We consider it the final year project where we challenge members to use what they have learnt in Tekedia Mini-MBA, pick a research topic, and come up with a new idea on something. When the governor of Anambra state, Governor Obiano, read one on his state, he hired our member, John, as his special advisor on Innovation. The graduate had taken time to model how innovation can improve the state.

In this capstone report by OLadunni Niniola Salaam MBA , FCAI, you have one of the most comprehensive studies in the fashion sector and ecommerce in Lagos state. It is a beauty; part of the abstract.

“This study investigated the effect of electronic commerce on customer patronage and satisfaction with emphasis on consumers in the fashion industry in Nigeria. A study of consumers in selected areas in Lagos state. The study used descriptive research design based on multi staged sampling procedure made up of purposive sampling technique and simple random sampling technique to select members of the population involved in the study. A sample size of four hundred (400) respondents were selected for this study.  The data collected from the study was analyzed using descriptive and inferential statistics with the aid Statistical Package for the Social Science (SPSS) version 20.0. The findings…”

Tekedia Institute, advancing the wealth in nations through knowledge. We have hit 634 capstone records, primarily by learners who are researching global and local issues. My best remains “How To Win 2023 Presidential Election in Nigeria – A Case Study for an Ijebu Man”. That one is classified!

We designed our programs within the construct of Symphonic Innovation where everything is integrated. You do the Tekedia Mini-MBA, and we ask you to do the capstone-based Certificate course, to apply what you have learnt in your company. By the time you are done, you have a report which can be sent to the supervisor on how to improve the business.

Weekly, we work on those reports with our learners, helping them to deepen the understanding of their sectors and in the process advance the efficiency of the utilization of factors of production in where they work. I do pick some of these works and share.

Let me congratulate Bernard Okolie, a drilling fluid engineer for his work. That was really great. I am confident that the big boss will appreciate reading this case from a member of the team.

Let more about Tekedia Institute school.tekedia.com

Our Digital Transformation course is superb, developed by an industry leader. I am happy to share that our Faculty, Access Bank Plc’s digital scrum master, Jude Ayoka [MBA, PMP, TOGAF], is developing an additional module on Digital Product Management. Because most digital transformation efforts involve products, Tekedia Institute Institute wants to pay more attention to products here.

The module will be ready this month, and will be added to the Digital Transformation section of our program. This edition of Tekedia Mini-MBA is focusing heavily on business growth. We believe that growth can only happen with Great Products and Superior Execution.

GREAT COMPANY = Great Products + Superior Execution

(You will meet this equation in Week 3 and we used Physics to prove it, translating momentum (mass x velocity) into business scaling. Get a short book on Physics 101)

So, next week, our Innovation & Design Thinking faculty Aderinola Oloruntoye of Workforce Group, and Strategy & Business Execution faculty Eromosele Omomhenle F.IMS from Microsoft will be on Tekedia Live.

Welcome to the Institute. Our courses are fresh, relevant and impactful because they are created by those business leaders.

Registration continues for the 5th edition of Tekedia Mini-MBA.