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Harvard Business Review Has Approved The Work On The Igbo Apprenticeship System

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Harvard Business Review has approved the work on the Igbo Apprenticeship System (IAS). In short, my editor was impressed. She wrote, partly, “Thanks so much for your work here. I like how you’re setting up the idea of stakeholder capitalism at the start while introducing the Igbo IAS…” The online version should be out by next month. The core construct is to present the  Igbo Apprenticeship System  as a thesis for the world as the conversation continues on stakeholder capitalism, not just shareholder capitalism.

Learn more about IAS.

Tekedia Capital >> we fund NEXT Africa

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Nigeria Naira US Dollar

At Tekedia Capital, this short video explains how we evaluate startups and their leaders.  We do not even require you to have earned any revenue. But we require clarity on the friction which is being solved. We also look at your capabilities and examine if there are potential leverageable factors which can compound and accelerate over time. Our founders must be hungry with capacity to see the big picture. Let’s build the NEXT Africa together.

Tekedia Capital, we fund NEXT Africa.

Co-invest to build the NEXT Africa; learn more here.

 

Indicators That Nigeria Will Have A Cryptocurrency Regulation By Q4 2021

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A few months ago, Nigeria banned cryptocurrency exchanges in its financial systems. But over the last few weeks, it is becoming evident that Nigeria is marching on the path to regulate cryptocurrency trading, investment and use as a form of currency in the nation. Here are some indicators:

  • The clear statement by the Vice President of Nigeria for the regulators to regulate and not ban

“There is a role for regulation here. And it is in the place of both our monetary authorities and SEC to provide a robust regulatory regime that addresses these serious concerns without killing the goose that might lay the golden eggs. So it should be thoughtful and knowledge-based regulation not prohibition.”

  • Statement from the Abuja Chamber of Commerce and Industry (ACCI)

“The [Securities & Exchange Commission] should propose a plan of action for phased usage of the technological currency within the Nigerian financial system. We suggest that members of the commission should be drawn from the Central Bank of Nigeria (CBN), Nigerian Stock Exchange, banking /financial Institutions, bitcoin community, digital currency experts and relevant MDAs and organised private sector….

“The policy lacuna impresses on the administration to consider possible options to prepare the nation to cope with the positive and negative fallouts of this new financial technology”

  • Disclosure from the Director-General of SEC, Lamido Yuguda

We are in discussion with CBN for both understanding and better regulating of this market. We will be able to come back to you later to inform you of the outcome of these engagements.

But because of the lack of access to commercial bank accounts, we had to suspend our own guidelines of September 2020. The implementation of that circular is suspended until these operators are able to have access to Nigerian bank accounts.

Remember that nobody operates in the Nigerian capital market if that person does not have access to a Nigerian bank account,” he said.

More so, Nigeria could surprise everyone by unveiling a Central Bank Digital Currency (CBDC) roadmap and begin a push for e-naira, following the footsteps of China and other nations: “A central bank digital currency (CBDC) uses an electronic record or digital token to represent the virtual form of a fiat currency of a particular nation (or region). A CBDC is centralized; it is issued and regulated by the competent monetary authority of the country.”

I expect the air to clear by Q4 2021 and by then the regulators would put a framework for cryptocurrency in the nation. With Coinbase publicly baptized in the markets, most concerns will begin to wane across the world.

Nigeria’s Central Bank Bans Cryptocurrency Trading in the Country

Tekedia Makes Grand Finale of Mhagic Velocity $60,000 Prize; Full Scholarships to 430 Students

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Note: Tekedia has bundled the last transfer. So, you cannot send any support to Tekedia as we would be unable to transfer to Mhagic before the competition ends tonight. Your only option is to vote directly. Any support sent now would be returned as Tekedia cannot bundle it anymore. There is an update here.

Tekedia Institute has made it up to  the final week of Mhagic Velocity, a talent competition with a reward of N25 million naira ($60,000). Hundreds of people and groups began this competition, and today only few are remaining. The grand finale is on Sunday. It features videos or pictorial upload of talents & skills, tasks, and weekly the most promising progress. Our talent: we make learning uncommon so that everyone understands!

Why Tekedia Institute Is Competing

Tekedia Institute wants to win the N25 million to offer full scholarships to Tekedia Mini-MBA for 430 African students. Tekedia Institute offers an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. 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.

How To Support Tekedia To Win

  • Go here and register a free account, and then login – https://mhagic.com/login
  • Go here – https://mhagic.com/profile/tekedia . Do the following on the top 3 videos which are votable:
    • (1) Vote any amount; 10 Naira for one vote or $1 for 30 votes
    • (2) Watch the 3 videos (only those count for the week)
    • (3) follow Tekedia
  • If you prefer mobile app; download Mhagic app, and find Tekedia by searching on the app Home with @tekedia

Note: If for any reason you find paying with the above options difficult, make a payment via any of the options here – https://tekedia.com/pay  and put in the description section your email. Once we receive, we will ask the Mhagic team to credit  that email to enable you to vote. Pay via our bank, PayPal and Flutterwave and put a note “Mhagic: my email is ….”.

Contact:

The Need to Regulate the Influx of Monosodium Glutamate into Nigerian Market

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I helped a client to collate information on monosodium glutamate from scholarly articles and since then, I felt like throwing away all the bouillon cubes in my house. Of course, that is almost impossible because I have made that substance a compulsory ingredient for most of my dishes; it has become the master of my kitchen. But after I gathered information on this compound, I realised why my mother always refers to it as the silent killer.

I could remember a phone-in programme, where someone asked why monosodium glutamate has not been banned from the Nigerian market and the response given to that question. According to the health officer, whom the question was directed, monosodium glutamate (MSG) is just a proteinous substance, which some people react to. She made it sound as if MSG is as harmless as milk. I mean, the way she answered that question, it was as if since milk is allowed in Nigeria despite some people reacting to it, MSG should also be allowed. But fact remains that MSG has adverse effects, which can affect everyone that takes it in excess, especially after a long time of usage. It spares no one.

Yes, MSG has an overdose. From what I gathered, the highest daily intake of the substance is 60mg/kg of body weight. Anything higher than that floods the system with the substance and creates problems for the consumer/s. So when you hear manufacturers, chefs, and vendors telling you that MSG is safe, tell them they are not being honest.

In case you are wondering what that seasoning that makes you the best cook in the neighbourhood does, you may have to know that your mental, psychological, and nervous health are endangered by that sweet killer. You may also need to know that it attacks your liver and kidney each time you overdose on it. Your reproductive system is also in danger; even your DNA isn’t left out. Your skin and your digestive system are equally harassed by this substance. Now you can understand why you sometimes have diarrhoea after eating at parties.

You may say there is nothing to worry about because you will never overdose on the substance, but I’m here to tell you that it is very easy to take an excess of the substance. Go to the market today and take a look around you. What do you see hanging on the shelves of those people selling provisions, food condiments, and convenient foods? Pick up as many of them as you can and read their labels. Now, tell me, how many of them are free of MSG? Do this little survey and you will understand that your system is already over flooded with this substance. MSG is in almost everything we eat today, except unprocessed food items. We, actually, should be worried.

But what is more worrisome is the fact that the quantity of MSG contained in these products is not well specified. Ok, it is written on their packs; but how do you decide how many milligrams of the substance you take per serving? How can you tell if crushing in two cubes of your favourite seasoning into your pot of soup is safe for you? What is even the level of MSG in that cube you are holding? Did you notice they didn’t include that detail on the label? What are they hiding?

This article is not to take people’s sources of living away from them or to deny any of us the pleasure of eating palatable meals. This article is a call to those in charge to regulate how these manufacturers flood our markets with MSG. It is also a call for them to insist that the level of MSG in every serving/cube/sachet is specified. This article is also demanding that MSG should be given the same level of attention done to tobacco: the manufacturers should warn consumers of the risks they face each time they use their products.

As for us, we need to rediscover our African seasonings left for us by our forefathers. Think of your health each time you take this substance. Remember, health is wealth.