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Factors that Encourage Acceptance of Conspiracy Theories

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Conspiracy theories are false assumptions that attempt to explain causes of events or phenomena by insinuating that individuals or groups of persons work secretly to manipulate those events for their personal gains. The conspiracy theories that rocked the whole world recently are those surrounding the causes and spread of COVID-19 as well as the development of its vaccine. Like other conspiracy theories, the ones surrounding COVID-19 found its way into different communities all over the world and caused a lot of controversies. Till date, these conspiracy theories are still preventing many people from going for COVID-19 vaccine.

Conspiracy theories, fortunately, can be beneficial as well. For instance, some of them expose problems in societies that need to be addressed. They also give citizens the opportunities to call the government to order and to curtail the activities of the “powerful” people that were believed to create problems for the people. However, their negative impacts outweigh their positive effects. For instance, religious wars and killings are fuelled by conspiracy theories. Conspiracy theories have also led to prejudice, distrust, genocide, witch-hunt, and low participation in politics. This is why it is good to discourage the spread of such theories.

Kindly note that you can be tricked into believing conspiracy theories if you let your guards down. This is because conspiracy theorists manipulate people’s emotions by using special persuasion tricks. They study situations and people’s psychology and use them to fabricate theories that make their lies sound like truth. Since these theories provide illusions of control and safety, those that believe them resist any form of efforts made towards debunking them. This is to say that many of us believe in some conspiracy theories we assumed were the truth. This essay, however, focuses on internal and external factors that make people believe in conspiracy theories.

Factors that Encourage Acceptance of Conspiracies Theories

  1. Level of Education: Research has shown that the lower a person’s level of education is, the higher his chances of believing conspiracy theories. This is because those with higher education tend to think more critically and also have more information about concepts.
  2. Knowledge: A person that knows little or nothing about a concept or a phenomenon tends to believe whatever he hears about it, so long as it aligns with their ideologies.
  3. Information: The quality and quantity of information a person receives influence his susceptibility to conspiracy theories. A person that received little information about an event will believe fallacies about it. On the same hand, if the person is exposed to only negative information, he will also believe conspiracy theories.
  4. Thinking Styles: Many people think impulsively while others do theirs analytically. Those that don’t critically evaluate the information they receive tend to believe conspiracy theories easily.
  5. Experiences: People that have bad experiences are more likely to believe conspiracy theories than those that haven’t.
  6. Attitudes: People with certain attitudes are likely to believe conspiracy theories. For instance, people that never take responsibilities for their actions and those that don’t trust people easily have been discovered to believe conspiracy theories that blame others for their predicaments.
  7. Negative Emotions: Some emotions give room for conspiracy theories to thrive. Emotions such as fear, hope, worry, and surprise make people vulnerable and willing to believe whatever makes them feel safe and in control.
  8. Religiosity: Religion is a risk factor to conspiracy theory because it encourages unverifiable practices such as prophecies and esotericism. Religious fanatics, therefore, tend to believe religion-related conspiracy theories without verifying the evidence provided by the theorists.
  9. Social Class: The poorer a person is, the more he believes conspiracy theories. This is as a result of his economic challenges, poor education, and other external factors that threaten his existence. People at the lower class feel uncertain and unable to control their lives and future; as a result, conspiracy theories give them certainty.

The Ibadan Market’s Midnight Agents for Rice

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What a nation: “News Agency of Nigeria gathered that operatives of Nigeria Customs Service raided Bodija market around 1.00 a.m. on Thursday and broke into shops, warehouses and carted away bags of rice in six trailers.”  And it was done outside the knowledge of Oyo/Osun Customs Area Command which noted that its officers did not do the job. Rather, Nigeria used the Federal Operation Unit (FOU) to steal rice from the Ibadan traders.

Traders at the Bodija market in Ibadan Thursday protested the seizure of bags of rice “worth millions of naira” by operatives of the Nigeria Customs Service.

Hundreds of traders took to the streets of Ibadan to protest against what they called invasion of their shops by men of the customs service who they alleged broke into shops at midnight to seize the bags of rice.

The rice traders; men and women, who were seen carrying placards with various inscriptions, called on the customs authority to return all the rice and money carted away from their shops.

The protesters, who marched from the market to the state secretariat, also claimed that large sums of money left in some stores were missing after the operation of the customs personnel.

Look carefully: the government will argue that the rice might have been smuggled and that what it did was the right thing. Of course, during collateral damage when federal agents were breaking shops at 1am, even Nkalagu rice would not have been exempted.

Get me right: I do not support smuggling. But this pattern of government agents raiding shops and car depots on the pretense of enforcement will not advance Nigeria. A better playbook would have been to tighten the border and if it is necessary to go to the shops, go in the day, ask for the necessary papers. Sure, the fear is that the impact would be limited since others will move the rice once agents enter the first shop. 

I am not sure if the rice traders have an association. If they do, they would have seen  a pattern which played out last year: “President Muhammadu Buhari on Monday ordered the distribution of 150 trucks of rice seized by Nigeria Customs Service to the 36 states of the federation in a bid to cushion the effect of the coronavirus”.  Bye bye rice from Bodija…your new home welcomes you.

Nigeria’s EdTech Startup, Studiare Secures $300k Worth Partnership With UK’s MindFit Ltd

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Studiare leverages MindFit’s technology to build a School in the cloud for Africa.

Nigerian edtech startup, Studiare, has secured a partnership with UK-based advanced learning company Y2PG, of MindFit Limited in order to address behavioral and learning gaps in Africa’s education and employment sector. This is contained in an official press release sent to Tekedia Institute. The team has attended Tekedia Institute’s programs.

The partnership announced allows Studiare to incorporate MindFit’s infrastructure in their operations, to take the Y2PG product to market in West Africa as they launch their edtech platform which includes features such as e-Store, publisher, and literary work promotion, looking to develop the educational content and learning character for the African market. Targeting all scholars but currently focused on tertiary and secondary school students across the West African region, Studiare plans its phase one launch to be in May 2021, having been in development for 6 months.

Speaking on the partnership and upcoming launch of Studiare, CEO Faith Nwaobia says, “Studiare is built to scale competencies across Africa’s educational sector and as thus we are delighted to have kick-started our impact process with MindFit. Considering how much results the team has achieved in the UK edtech space we are optimistic that this deal is one that will support Studiare’s right footing to address SDGs 1, 4, & 8.

Nwaobia concludes, “This partnership is a great boost to the Studiare brand, and considering the vital space it covers, I have no doubt of its sustainability. Of course, education is a global product especially when it’s a lifelong solution as well as a highly sort after offer as it is for soft skills in the future of work.”

Still speaking on the partnership, CEO of MindFit, Neville Gant adds, “This partnership means so much to us considering the scope it covers. Providing a digital platform for unrivaled soft skills acquisition which is highly sought after today. We are delighted to collaborate with the Studiare Global brand which is designed to offer innovative edtech solutions making knowledge available anytime to anyone at any time. Studiare School will offer an action-based practical curriculum that is not presently taught in schools.

People should expect a new system of e-learning with full activity modules considering that the Y2PG platform (Mind Fit/Studiare Solutions) runs under the same methodology as a regular classroom, however, it’s purely a school in the cloud where everything you need to learn to build your soft skills and attitude is guided with activity classes. It’s not the regular e-learning platform where answers are stereotyped, rather, you cannot progress without actually practicing each lesson. We call it 5% E-learning 95% E-doing. In Pakistan where this e-learning curriculum has been introduced outside of the UK, many organizations have witnessed improved performance among employees after signing them to study on the platform. Same with many students, professionals, and freelancers who have signed up and have significantly improved their soft skills. We project that the impact of this platform would be greater in Nigeria.“

In conclusion, Neville revealed that “on a financial value rating, this deal is worth more than $300,000 considering the technology that’s being deployed to bring this solution and MindFit is confident that the Studiare model is worth every penny. And if we are to consider its scalability, with the level of success MindFit has been able to achieve in the UK, Pakistan and other countries, in two years from today, this deal would have doubled its value to over $1.5 Million.”

The Banks’ BIG Block

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A few weeks ago, I wrote that the telcos, despite interventions from the telecom regulator, NCC, would have to recalibrate on what the banks want, on USSD revenue, and commission on airtime across channels (app, web, ATM, etc). Yes, I used the word “lose” for the telcos. My point is simple: the most united and fraternal institution in Nigeria is the Bankers Committee. In short, if you elevate them to the Federal Executive Council and they decide to fix Nigeria, we have a chance. When the Bankers commits, it is done.

We got these two updates from insiders

#1  – Happy Good Friday. Regarding the post below, the feud between MTN and the Banks is as a result of MTN writing all the Banks of reduction in airtime commission from 5% to 2.5% to take effect from April 1. All the Banks unilaterally rejected the reduced commission and responded to MTN to reverse the decision or their subscribers won’t be serviced from the Banks channel. The deadline to given to MTN by the Banks elapsed yesterday – April 1

#2 – The Bankers Committee actually shutdown the MTN E-top up channel because MTN according to the Committee has reduced their upfront discount from 4% to 2.5%, hence the Bankers feel edged out having been enjoying good profit from that channel.  Other MNOs didn’t tamper with their incentive on that channel, hence it is more of Electronic top up discount than USSD issue. Just giving you a heads up Boss.

Largely, the bankers have the capacity to set the prices and hold firm. But telcos are not strong enough to come together. And that playbook is playing: “A feud between Nigerian banks and MTN left millions of subscribers unable to recharge their phones using the USSD services on Friday, after banks shut off the telecoms firm over fees charged for the service.” What is happening there? The banks want what they want and if MTN cannot deliver, it is out of the channels. 

Yes, indeed. Before you can recharge your phone or buy data for browsing, you need to have money – and the banks keep that money. Technically, everything begins with the banks and if you do not align with them, you are off. The rumour is that MTN reduced commission and banks resisted.

And did you notice something else? Airtel, Glo and 9Mobile are not in the hooks. Banks would not have been in that dislocated position – unity of one is supreme in the sector! That is why banks decided to band together for BVN (bank verification number) instead of the disjoined SIM card registrations we did in the telecom sector. A more optimal model would have been – register a SIM card in Glo, and when in MTN, they can use that data and add you MTN Sim card instead of re-doing the whole data capture all over again.

Airtime loaded from app, USSD, etc is a big business in Nigeria and banks will not give up. Expect NCC and the Central Bank of Nigeria (CBN) to meet. But nothing will happen until MTN agrees to whatever the banks want. 

A feud between Nigerian banks and MTN left millions of subscribers unable to recharge their phones using the USSD services on Friday, after banks shut off the telecoms firm over fees charged for the service.

MTN advised its subscribers to seek alternative means of recharging their phones without informing them what the problem was.

“Dear Customer, our bank recharge channels are currently unavailable. Kindly recharge using physical cards. We apologise for the inconvenience. Thank you,” one message read.

Another read: “Please be informed that some of MyCustomers may not be able to purchase airtime and data recharges via banks including MOD and myMTN App. Please pacify MyCustomers and educate them to use MTNTopit, MoMo channels, as well as the debit card options on MOD or myMTN App.”

Phone users expressed their frustrations online as the outage lasted throughout Friday.

 

The Upcoming N42 Billion USSD Fight Between NCC And Nigerian Banks

Xiaomi Joins the Electric Vehicle Adventure with $10 Billion Investment

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Xiaomi has become the latest smartphone maker to delve into electric vehicles. The Chinese company announced Tuesday that it is investing $10 billion over the next decade in a electric vehicle subsidiary.

This comes months after US smartphone maker, Apple accelerated its push for electric cars.

Xiaomi said in a stock market filing that the new unit will be led by billionaire co-founder and CEO Lei Jun, with an initial investment worth 10 billion yuan, ($1.5 billion). Lei announced his intention to lead a new standalone division.

While Xiaomi did not reveal funding details of the plan, a source told Bloomberg that the company could invest up to 100 billion yuan in the project, depending on the progress, and the company will contribute about 60% of the envisioned sum and plans to raise rest of the funds.

“We have a deep pocket for this project. I’m fully aware of the risks of the car-making industry. I’m also aware the project will take at least three to five years with tens of billions of investment,” Lei said, adding that Xiaomi is not planning to invite outside investors to the party.

Electric vehicles are becoming a growing choice of divestment for tech companies recently.

In January, Apple intensified its search for a partner, courting carmakers including Hyundai. Apple has an automotive program known as Project Titan, which has been in the pipeline since 2014, with the iPhone maker targeting 2024 to produce passenger electric vehicles with a breakthrough battery technology.

Like Apple, Xiaomi is one of the world’s biggest smartphone producers and it also makes a range of gadgets including home security cameras, electric shavers and toothbrushes, light bulbs, watches and scooters.

The Beijing-based company is joining the electric vehicle frenzy where Tesla, Nio and Volkswagen are already flexing muscle. Tencent and Geely Automobile Holdings Ltd. are also said to be teaming up to build electric cars. EV sales in China may climb more than 50% this year alone as consumers embrace cleaner automobiles and costs tumble, research firm Canalys estimates.

The big players already dominating the EV market means Xiaomi will have to face tougher competition.

It took Elon Musk 17 years of struggle to turn the fate of Tesla into a sustained fortune-making company, which means, the gadgets and mobile device making company may take longer.

Its move however, underscores increasing interest in the industry as world leaders push to implement Paris Climate Accord.

“This industry is on the cusp of a $5 trillion market opportunity over the next decade,” Dani Ives, an analyst at Wedbush Securities wrote on the transformation of electric vehicle. “GM, Ford, and Volkswagen all jumping into the deep end of the pool on electric vehicles, it speaks to the massive pent up demand globally around electric vehicle technology on the horizon.”

The source said Xiaomi will outsource car assembly to contract manufacturers, a model it uses for its smartphones

Tech companies strategizing to grab a share of the new energy market are upping their partnership ante with carmakers. The strategy cuts the cost for them as it means capitalizing on the huge potential market for software application such as autonomous driving.

A source told Bloomberg that Lei led a review of the EV industry’s potential several months ago and a final decision to enter the arena was made in recent weeks. Xiaomi has already hired engineers to work on software to be embedded in its cars, the person added.

Xiaomi has risen to the top of China’s smartphone market, running internet services and making a range of cut-price home gadgets from rice cookers to robo-vacuums, as US’ sanctions brought its Chinese counterpart Huawei on its knees.

With idle fortune of 100 billion yuan cash at its disposal, the company aims a shot at a new adventure – electric vehicles. Lei said it will be “the last startup project in my career.”