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Home Blog Page 5877

Tekedia Institute Partners YouthUp Global To Grow Tekedia Hub

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Tekedia Institute confirmed its partnership with YouthUp Global to catalyze worldwide innovations through the recently launched Tekedia Hub  hub.tekedia.com. Tekedia Hub is Facebook for Innovators.

Tekedia Hub is an ecosystem developed for innovators and growth champions, to co-learn and co-share, on the mechanics of business systems and innovation. It has capabilities to enable members to form groups, follow others and be followed, and discuss important things, around business, education and more. As we developed it, we used this phrase – “Facebook for Innovators”.

Tekedia Hub is an arm of the Tekedia Institute that will be focused on bringing innovators, think-thanks, and ready learners together under a single roof, to share ideas, build solutions, and drive economic prosperity across the globe and with this in mind, YouthUp Global which is an internationally recognized youth development focused brand with strong roots in Africa, America, and Asia is now charged with the partnership responsibility of sensitizing and directing youths around the world towards growth by utilizing the hub.

The Tekedia Hub currently welcomes all classes of individuals and with this partnership and is set for worldwide reach, especially targeted at youths such that the resulting community serves as a platform for idea incubation, funding acquisition, business consulting, etc.

Faith Nwaobia, the President of YouthUp Global, mentioned, “We have been through countless phases to achieve bringing ‘youths’ and ‘innovation’ in one platform” and added that “the combined Tekedia and YouthUp Team has developed processes that encourage:

1) Creative thinking upon which innovation frameworks can be created;

2) Scholarship opportunities for Tekedia Hub users;

3) Establishment of varieties of sustainable business models.”

‘Connect’ is another notable function that allows users to network and grow with other registered users. The idea is to build the hub into a solution marketplace for entrepreneurs, business owners, enterprises, and governments. To execute this function, a registered user sends a ‘connect’ request which is accepted by the requested user, building a network of problem solvers; Tekedia Hub is more like the Facebook for innovators and solution providers.

In essence, there have not been many platforms with the keyword ‘Management and Business Innovation’ which is a philosophical ideology of Harvard, but added convenience and ease of access to user (member) experience. However, the Tekedia Hub is expected to contribute to economic and social development through various innovative attempts to challenge and/or build on existing systems.

The Birth of Shell 2.0 And Evolution of a Company

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FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci

As an undergraduate student, I did an internship in Shell. It was really remarkable because that was the first time I had a “table of food” for myself. In Shell Kolo Creek flow station, Yenagoa Bayelsa state, I had picked a table in the canteen, and everything there was for consumption. Bad thing happened: I thought a bottle of vinegar was like coke for drinking; blame the village boy! I learnt my lesson – just like salt, everything on the table was not for my personal stomach.

Today, Shell is also going through its own lesson. Yes, the energy powerhouse is beginning a new redesign as the world, under Biden, mounts ferocious attacks on crude oil, with an inevitable outcome that oil will be the new tobacco – dangerous, and should be eschewed by all means! 

Yes, “Shell Energy Europe BV (Shell) has signed an agreement with Amazon to provide renewable power from a subsidy-free offshore wind farm being constructed off the coast of The Netherlands.” An executive from Shell added: “Supplying Amazon with electricity from this offshore wind farm contributes to their net-zero pledge while progressing our own ambition to be a net-zero emissions business by 2050 or sooner”. Simply, Shell is on a transition to a new future which I will call Shell 2.0.

It makes sense: electrons will power the cars of the future, not hydrocarbons. And as that happens, and with battery technology advances, most factories will go clean. Simply, the days of profitable crude oil are numbered. And that means you can produce, and sell it, but it will not command much value in the global market because there are alternatives.

Remember, do not drink a bottle of vinegar – it is not for drinking; do small pouring! And if you live in Nigeria, gauge your taste for oil.

The full statement below.

The Amazon-Shell HKN Offshore Wind Project will enable Amazon to power more of its business with clean energy. It will move the company closer to its pledge to become net-zero carbon across its business by 2040 and continue its path to power its operations with 100% renewable energy by 2025 – five years ahead of its 2030 target. Shell’s ambition is to be a net-zero emissions energy business by 2050 or sooner, in step with society.1

The wind farm will be operated by The CrossWind consortium, a joint venture between Shell and Eneco. Starting in 2024, Amazon will offtake 250 megawatts (MW) from Shell and 130 MW from Eneco, for a total of 380 MW.

“Supplying Amazon with electricity from this offshore wind farm contributes to their net-zero pledge while progressing our own ambition to be a net-zero emissions business by 2050 or sooner,” said Elisabeth Brinton, Executive Vice President of New Energies at Shell. “We are delighted to continue strengthening our strategic relationship with Amazon Web Services (AWS) across Shell New Energies. Our collaboration is enabling us to continue pushing the boundaries of innovation.”

Shell and Amazon have already achieved milestones together. In July 2020, Amazon’s air cargo network secured up to six million gallons of sustainable aviation fuel supplied by Shell Aviation.

Reasons The Poor Hardly Escape Poverty

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One of the commonest notions in Nigeria is that the child of a “nobody” hardly becomes a “somebody”. The believers of this ideology are always quick to remind anyone, who seeks clarifications, that the rich always move with and helps only the rich. There is this belief that unless a person has “connection”, he cannot make it in Nigeria. In this instance, “connection” stands for people in places of power, who are capable of helping the poor escape poverty through referrals. There is also a belief that the rich do all within their powers to discourage the poor’s upward economic and social mobility. In fact, listening to these persons will give you the impression that, in Nigeria, the poor eternally remain poor.

It will be worthy to state here that the challenges faced by poor and working class Nigerians, as they attempt both economic and social mobility, is not peculiar to the country. Factors such as family income, social class, level of education, disabilities, race, culture, and gender determine people’s ability to climb the social and economic ladder. Note that these factors affect human communities globally though in different ways. For instance, a person’s gender, race or tribe hardly stops him/her from being economically empowered in Nigeria. But if those factors are recognised as global obstacles, then they are mobility barriers to people in other countries.

The centreline of this essay is dissecting the ideology that the child of a “nobody” hardly becomes a “somebody” in Nigeria. The essay will attempt to explain why this happens. So far, the viable causes Nigerians provided are that the rich move together and the poor need the rich to climb the economic ladder. Nevertheless, many people have not considered other intricate factors that might have kept the children of the poor on the same pedestal with their parents.

For the sake of this essay, three factors that contribute to the extension of poverty from parents to their children will be considered. These are: parenting style, access to good education, and career guide.

Parenting Style

The parenting style adopted by a family can determine how the children raised in such a home play their roles in society. Parents’ style of raising their children can be influenced by their religious beliefs, level of education, income, family size, and so on. Most times, parents that attain a high level of education handle managerial positions that give them the opportunity to develop and sharpen their interpersonal and problem-solving skills. This means these parents have to think outside the box to solve organisational problems and make their companies grow. Those that find themselves as entrepreneurs, whether highly educated or not, also have to think analytically and act critically to grow their businesses. Parents such as these raise their children to become creative, especially while handling situations. They mentor and encourage their children to become future managers and entrepreneurs. They do not allow their children to conform to norms because they already know that normalcy does not breed wealth. These parents raise people that will take over their positions; and they succeed, in most cases, because they have the knowledge of what it takes to create wealth.

Contrary to the rich parents that are managers and entrepreneurs, the working class and the extremely poor parents are, in most cases, the low cadre employees, petty traders, artisans, and the unemployed. These people do not understand the basis of nonconformity because they do not usually take risks or think analytically to handle job and/or business-related matters. They follow laid down rules that encourages conventionality and, hence, have little or no knowledge of breaking out of norm. These parents transfer their conventional lifestyle to their children. They raise them to follow laid down rules. They do not encourage creativity and critical thinking. They raise their children, most times unintentionally, to assume a second place in the society and never to “compete” with the rich. Children from such homes are either turned against the rich or turned into their slaves.

Access to Good Education

Another way economic inequality rears its head is through the type of schools attended by children from different economic backgrounds. Usually, those from rich homes attend private schools while those from poor backgrounds go for public schools or poorly funded private ones. With the quality of education obtainable in public schools today, it is not surprising that many people that passed through them, especially those in rural areas, have nothing to show for it. This is not to say that all products of public schools are doomed but to emphasise that attending good and expensive private schools gives middle and upper class Nigerians better opportunities to become successful. This is debatable, anyway.

Also note that while in school, students make contacts and network amongst themselves. So, when a child finds himself in a school, where ministers, senators, and industrialists’ children attend, it will be easy for him to break into the circle of these people through his schoolmates. Now if the son of a “nobody” finds himself in the school attended by the children of a “somebody”, do you still think he will find it difficult to climb the economic ladder?

Another thing to consider here is access to study materials. One of the things the COVID-19 pandemic revealed is the inability of some parents to provide facilities needed for virtual classes. Many that could provide internet-enabled phones complained of data consumption. This is also the same case with parents providing textbooks and other materials that make learning easier. Of course, Nigerians that do not have access to these facilities still find ways to meet up but their struggles cannot be compared to those that have them readily at their disposal.

Career Guide

Parents’ attitude towards a profession influences their children’s opinion about it. Parents that have a positive attitude towards entrepreneurship influence their children to tow that line. Those that believed the 9-5 jobs are the best and safest also cause their children to look for white and blue collar jobs. This also explains why children end up in the same profession as their parents.

Apart from career influence, parents also help to guide their children as they search and choose their careers. This means they will help to provide answers to questions their children might ask about some professions as well as help them to discover existing and profitable careers. Only knowledgeable parents can do this. Unfortunately, they are commonly found among the rich.

Furthermore, poor parents may find it difficult to sponsor their children’s dream career. For instance, a child that wants to become a medical doctor will require parents or sponsors that can afford the school fees, study materials and other charges. Instances of poor parents that toiled day and night to put their children through such dream jobs have been told; but how many are they? Another problem is that children from poor backgrounds may not be able gain admission into competitive courses because the primary and secondary schools they attended did not prepare them to score highly in UTME and SSCE. So, for these children to make it into federal universities to study courses of their choice at subsidised rates, they have to become exceptional in their academic performance. Problem is, how many of them are motivated to work that hard?

Actually, the way a person is raised determines if he will become rich or not. This does not mean that every child born into a rich home is capable of becoming rich and/or maintaining his affluence. It also does not mean that all children from poor backgrounds must maintain their parents’ social and economic class. A lot of factors come into play to determine social and economic mobility and that is why humans are complex beings. However, it is necessary to understand that parenting style, access to good education, and proper career guide are some of the factors that determine social and economic mobility.

Shell Reaches a Renewable Power Deal with Amazon, Marking its Major Shift from Fossil Fuel

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Shell Energy Europe BV (Shell) signed an agreement with Amazon on Monday to provide renewable power from a subsidy-free offshore wind farm being constructed off the coast of The Netherlands. The deal comes amidst intense calls for transition to clean energy.

Statement released by the company said the Amazon-Shell HKN Offshore Wind Project will enable Amazon to power more of its business with clean energy. It will move the company closer to its pledge to become net-zero carbon across its business by 2040 and continue its path to power its operations with 100% renewable energy by 2025 – five years ahead of its 2030 target.

Shell’s ambition is to be a net-zero emissions energy business by 2050 or sooner, in step with society.1

The wind farm will be operated by The CrossWind consortium, a joint venture between Shell and Eneco. Starting in 2024, Amazon will offtake 250 megawatts (MW) from Shell and 130 MW from Eneco, for a total of 380 MW.

FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci

“Supplying Amazon with electricity from this offshore wind farm contributes to their net-zero pledge while progressing our own ambition to be a net-zero emissions business by 2050 or sooner,” said Elisabeth Brinton, Executive Vice President of New Energies at Shell.

“We are delighted to continue strengthening our strategic relationship with Amazon Web Services (AWS) across Shell New Energies. Our collaboration is enabling us to continue pushing the boundaries of innovation,” she added.

COVID-19 pandemic, which plummeted oil-based economies and saw oil companies revenues slumped significantly, spurred a cleaner energy revolution among oil firms. Shell, BP, Eni, Saudi Aramco etc. are now working to transit from fossil fuel to cleaner energy.

The shift, which also has been influenced by Climate Change activism, is propelling oil companies to seek exit deals with other pro-clean energy companies like Amazon.

The newly sworn-in US administration is pro green and is backed by Congress with a majority of clean energy supporters. And they are all leaning toward a legislative backing of the push to phase out fossil fuel, starting with a shift to electric cars and solar off-grid electricity.

Last month, President Joe Biden vowed to replace the US government’s fleet of about 650,000 vehicles with environmental friendly electric models, a significant shift in the federal government’s approach to net-zero emission goals. As part of his climate action, Biden said he would build 550,000 EV charging stations and spend more in clean energy research. He also supports new consumer rebates to replace old, less-efficient vehicles with newer electric vehicles and incentives for manufacturers to build or retool factories to assemble EVs and parts.

The move means that solar energy and electric vehicle companies will get preferential treatment from Biden’s administration. It also signals that fossil fuel companies will face a future where they will play the underdogs in the energy industry, as cleaner energy wins more support and acceptance.

Against this backdrop, Shell, Eni, BP, Saudi Aramco etc. are preparing not only to embrace the horror, but also for a future without fossil fuel. Their preparation covers existing sectors of oil energy, including gas-powered electricity.

Shell is exploring ways to reduce spending on oil and gas production by 30% to 40% for its upstream sector, its largest division. For the downstream sector, the company is cutting 45,000 service stations, the biggest in the world, from its network.

BP and Eni had already taken similar steps, cutting jobs and shutting down operations to build new low-carbon businesses in the next decade in preparation for the era of cleaner energy.

Aramco is also focusing on pumping cleaner fuel. Sources said the company is working on cutting greenhouse gas emissions to give a better chance to compete as environmental concerns push governments to tighten carbon regulations.

The Amazon power deal thus underscores Shell’s major step in the transition from fossil fuel to cleaner energy.

Scheduling for Tekedia Mini-MBA Live Sessions

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Good People, our academic festival has just started. I will open the Live Sessions on Saturday (Feb 20). Then, our Faculty for Agile Methodology, Bola Adesope, a scrum master and agile coach, will follow. Following him will be our design thinking faculty, Aderinola Oloruntoye, who spent years in SAP, building models for designs and innovation systems. The titan of boardroom, Mrs Toyin F Sanni, will come for AfCFTA.

Then we will meet the Ayoks Digital Wheel on digital transformation as Jude Ayoka from Access Bank breaks it down. We are going to spend time on DESIGN including in our Labs. The Microsoft executive who developed our AI/Cloud will come. Executives from Mastercard and Amazon are coming.

We expect to have at least 30 sessions of live sessions, anchored by leaders in their domains. Tekedia Mini-MBA: learn from the best.

You can still register for Tekedia Mini-MBA here.