I welcome you to an amazing management and leadership program which begins on June 7. It runs for 12 weeks. The faculty members – about 140 of them – come from the very best companies you admire: Microsoft, Flutterwave, Shell, MTN, Pass, Amazon, Nigerian Breweries, Access Bank, Mastercard, USAID, etc. The program is optimized for business execution and growth, with digital operational overlay.

It runs 100% online with thrice weekly live sessions. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents.

Register for Tekedia Mini-MBA; co-share and co-learn with us. Early bird registration ends today.

Non-profit Youth Up , an organization which works with youth across Africa, has just concluded recruiting the recipients of Jollof Republik (Texas, USA) scholarships. These 10 scholars are attending Tekedia Mini-MBA (June 7 – Sept 1, 2021) free, courtesy of full scholarships from Jollof Republic. The scholars come from Ghana, Nigeria, South Africa, Cameroon, Kenya, and Sierra Leone.

Jollof Republik  is uniting people of a colorful heritage. It guarantees an authentic cultural experience, an opportunity to create impactful relationships, and a community that builds bridges and harnesses our collective strengths.

Jollof Republik, we wish you open markets and opportunities as you continue to serve your customers, and bless humanity. Thank you for your partnership.

To the scholars, welcome to Tekedia Institute.

Join me to welcome 10 ART Foundation Scholars to Tekedia Institute Mini-MBA which begins June 7 to end Sept 1, 2021. Founded by Rasheed Adebayo, ART FOUNDATION, a charity organization, aims at moving the less-privileged in communities in all the states in Nigeria from Poverty to Plenty.

Their  slogan is P2P which means Poverty 2 Plenty. ART does this by providing enablers  such as scholarships, food banks, trainings and development, and ethics and value orientation programmes.

At Tekedia Institute we celebrate these scholars. They will attend one of the finest management and leadership programs in Africa, and we are very confident they will be prepared to experience PLENTY because the future is full of abundance, irrespective of the past.

To ART and Mr Adebayo, thank you for serving.

Welcome, ART Scholars. Welcome to Tekedia Institute.

This is a big revelation in the Nigerian business climate. Yes, the Nigerian government through NNPC, the national oil corporation, is planning to acquire 20% of equity in Dangote Refinery: “I can tell you today that we are seeking to have a 20 per cent minority stake in Dangote Refinery as part of our collaboration and you know that there’s a huge quantity of crude for that refinery.” So, magically, the Nigerian people have essentially solved any risk within Dangote Refinery as the world begins to move post-hydrocarbons. Depending on valuation, who knows, the company can even make “profit” before the first day of refining crude.

What do I mean? If Dangote Refinery invested $10 billion in that refinery, and now values the business at $50 billion and  Nigeria takes 20% stake, it simply means that Dangote Refinery has recovered the $10 billion. Magically, it does not need to spend years paying back debtors, etc, as it can return the money immediately!

NNPC Chief Operating Officer, Refining and Petrochemicals, Mr Mustapha Yakubu, at the virtual event, stated that one of its divisions, the Greenfield Refining Projects Division (GRPD) was handling the negotiations with Dangote Refinery.

He said: “We have what we call the Greenfield refinery and the Greenfield Refining Projects Division (GRPD) of the NNPC. What we do, our strategy is to collaborate and seek strategic partnerships with private investors.

At the moment, we have Dangote Refinery, which is the 650,000 barrels per day capacity, plus a mini 80,000 tonnes per annum petrochemical plant.

What are we doing there? I can tell you today that we are seeking to have a 20 per cent minority stake in Dangote Refinery as part of our collaboration and you know that there’s a huge quantity of crude for that refinery.

That’s 650,000 barrels, going into a single crude distillation unit (CDU). When that comes on board, it will also wet the nation for us.”

But how would Nigeria get the money to pay the refiner? We have a new revenue source called Recovered Loot: “The Minister of Finance and National Planning, Zainab Ahmed has revealed that the government has been borrowing from recovered loots to fund the budget. The minister also revealed that the government has not been able to repay back the loans taken so far. She revealed this while appearing before the House of Representatives committee investigation recovered loots on Thursday.”

Because more recovered loots are coming back, we are sure that resources would be available to buy this 20% stake, even as Nigeria continues to look for funds to fix its own refineries! What a country!

A few minutes ago, I signed a major contract with Intel Corporation. At Fasmicro, we are truly honoured that Intel is extending our contract, and providing an opportunity for us to continue to serve our customers. I signed the first one in 2011. Today, we are just two companies in continental Africa that do what we do. We celebrate a decade as an Intel Technical Partner on programmable microprocessors. So, our name remains on the list on Intel website.

I thank our team, especially Engr Ekele Eke, our Engineering Manager, the finest hardware engineer in Africa. We will continue to serve the world of microprocessors and broad electronics. 

My name is NdubuECE EkEkwE and it stands for Electronics Computer Engineering in the department of Electrical Electronics Engineering! (That was how I used to jokingly write my name while in FUTO; I studied EEE with option in ECE).

Fasmicro is always ready to help you with your programmable microprocessor needs. We have access to tools and documents as an Intel Partner that will help you. BUILD with Intel, work with FASMICRO, the electronics people.