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Home Blog Page 5971

In 2021, Unless You Set Expected Results, Merely Changing Habits Will Not Help

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In sports and most domains, legends are remembered for RESULTS, not processes, norms, dogmas and habits. In business, the icons of markets are those who have results with great monetary scores on the board. Like I tell our founders, if your numbers are great, the Board will see a good presenter. But if your numbers are lousy, no matter how good you speak, your presentation will remain mediocre. We are there for results, not your styles and processes.

In 2021, I challenge you to pay attention to results. While you can improve your processes and habits, make sure those processes are leading to the expected results. You run a blog, and it is taking you two days to have one article because you want to have a near-perfect piece. While you wait, someone has used 12 minutes to break the news, creating the Minimum Viable Quality (MVQ) needed for result.

The deal is this: the construct of quality has no meaning until the price of the product is put into considerations. I always ask entrepreneurs to build for the Minimum Viable Quality (MVQ) bounded by the product target price which market will respond. You can build rockets to fly around the world: that is an engineering possibility. But does that make a business sense if no one can afford it? Ask the makers of Concorde for answers.

So, it begins with understanding what you need for success, and looking at the best possible ways to get to the destination. Yes, your expected results must define your habits, processes and methods in 2021. Until you have clarity on what those results are, everything you are doing could be a waste of time.

Sports legends and business icons are remembered for RESULTS, not processes, norms, and habits. In 2021, unless you have clarity on expected results, changing habits will not help.

Yes, before you begin the orthodoxy of new year resolutions, do you have clarity on the expected 2021 results? If you focus on changing when you wake up, how often you visit social media, read your emails, etc, you may not make progress, if you have not defined what the results should be. 

Progress will happen when the expected results are known, and from there, you can begin to work on your methods and processes. But all those can only happen if you can measure things as you go on the journey.

I do not post much on Twitter and Facebook because I have measured, and noticed that my expected results cannot be obtained easily therein, due to the audience structure. I know the results I have set and using those platforms would not deliver them. But LinkedIn has been superb, and that is why I am always on LinkedIn. So, it goes before changing habits and norms, you need to understand what the expected results are, to make real progress in 2021.

Greatness comes through results and those results must drive the habits to achieve them. Happy New Year.

I did PhD to validate my First Class Honours in Language Arts of 32 years earlier – Joan Oji

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Remember her story? She is the grandma that bagged a PhD at age 62. Her story went viral and has become a source of inspiration for many Nigerians. Curious to know what was the main reason behind her going for a PhD, Rasheed Adebiyi had a chat with her on issues ranging from this, her writing and parenting in this era. Here are excerpts…..  

Tekedia: Could you tell us about yourself?

Joan Oji:  My name is Joanah Iheoma Oji, but I’m popularly known as Joan Oji, my pen name. By popular Nigerian nomenclature, my name is “Dame Dr Mrs Joan Iheoma Oji, JP.” Laughs. I hail from Abia State and a resident of Abuja. I’m 63 and a Pensioner from FCT Administration where I retired as an Assistant Director of Education in 2017. My field of specialisation is English Language Education, but I also possess a Diploma in Spanish and a Certificate in French. My highest academic qualification is Ph.D in English Language. I currently work from home as an Education Consultant, Academic Mentor, Editor, Proofreader, and a Translator. I train teachers, broadcasters, preachers, etc. on English Language Proficiency. My clients are mainly private schools, authors, PG students, and Researchers.

Tekedia: You recently made the headlines on your feat of attaining a PhD at an advanced age. What was the motivation behind obtaining that degree at that age?

Joan Oji: My so-called late bloomer status in higher education wasn’t because I was a slow learner. Quite the contrary. My TC II was obtained at age 19, while my NCE in English /Primary Education was with Distinction in 1983. I actually completed the NYSC in 1983/84 at age 27, and went straight back for my Bachelor’s Degree in Language Arts in 1985. I earned it with a First Class Honours in 1987. The university (ABU, Zaria) offered to retain me for an MPhil/PhD but I declined because I was 30 and already a mother of 6. I needed to go home and attend to my children’s education before it was too late… So, to answer your question, what prompted me to return to academics was because those children were doing exceptionally well and I wanted to spur them to do more. The eldest is wrapping up her PhD while the rest have higher degrees in their various disciplines. My Master’s in Language Education was obtained in 2011, while my PhD in English Language followed in 2019, by which time I was already retired. My unstated reason for this PhD, I can share now, was to validate my B.Ed Language Arts (First Class Honours) of 32 years earlier. My course mates from that time needed it, to prove to them that I am still the same brain they used to admire. You see, about 5 of them are lecturers now, 3 of whom are full-fledged professors. Yet, I was the only First Class in that 1987 Language Arts set. Even my lecturers back then are now very happy with me. As one of them used to tell me, “You treated ABU First Class degree as if it was trash.” I have pacified them all.

Tekedia: You have four books to your credit. What moves you to write the kind of books you have written?

Joan Oji: I write a lot, but I read more than I write. As a bookworm, I can spot errors in grammar and usage that the authors didn’t see. At first, I tried to point them out to the writers. Over time, however, I realised that Nigerians don’t like to be told their faults. That’s why I now charge them real money for editing and proofreading their manuscripts. And they are paying without qualms. It took me many years of reading badly written books by Nigerian authors before I summoned the courage to write Heart Trick, which I self-published in 2009. By August 2010 when I did the official launch, someone suggested that I should submit it for ANA Prize evaluation. To my surprise, this debut novel made the Shortlist of the 2011 ANA Flora Nwapa Prize for Women’s Writing. It didn’t win, but it was all the boost I needed to deepen my creative writing ability. Since then, I’ve published a children’s non-fiction, Abuja The Beautiful (2012), a preschool textbook for teaching young children to read, Phonics For Beginners (2016), a short story for teens, Gone Too Soon (2016), a true-life short story on parenting, The Girl-Child Challenge — How We Raised Eight! (2017), and the tribute to my late husband Mazi J. M. Oji’s Witty Sayings & Quotes (2017). These last two were launched on my 60th Birthday and Retirement Thanksgiving in 2017.

Tekedia: I know that as a grandmother, you would have had experience with the millennial youths. How could you describe them? And what is your advice for parents on these young ones?

Joan Oji: As a Teen wife, working and studying mother, my parenting style was quite different from what obtains now. I don’t know how I would have handled this digital age children, because, from my teaching experience (primary through secondary) male students are more difficult to teach than girls. Now, I’m honestly very apprehensive about my grandsons (I have a soccer team of boys already). My candid advice to millennial parents is to embrace change and make room for the generational gap. Be as up-to-date on current trends as your children. I’m on Social Media and my eldest two grandchildren are my friends/followers. I urge parents to befriend their offspring, and give their children the benefit of choosing what they want in life, and then support them to achieve those dreams. I wouldn’t force my grandchildren to pursue a PhD if they have their own contrary view of success principles. But I insist that all of them must get at least a Bachelor’s degree before anything else. That is our family benchmark. Finally, life outside of Christ is chaotic and and painful. Faith works in all areas of our life. I’m a living proof of that.

 

 

Happy New Year – 2021 Will Bring Abundance

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It is all beautiful – leaving the bounds of 2020 (what a year!) to touch the ecclesiastical blessings which 2021 has in stock for all. I spoke with my elder brother, Engr Dr Okey Ekekwe, a zonal pastor in RCCG and a chemical engineer in the upstream Nigerian oil industry, he has a message: 2021 will bring abundance to you, your friends and your associates.

Good People, I ask you to join me to say Amen. In 2021, we will experience abundance in health, wealth and wisdom. The works of our hands would be blessed, and peace will reign in Nigeria and Africa.

Happy New Year.

President Buhari Signs Nigeria’s $36 Billion 2021 Budget Into Law

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Buhari New Appointments
Mr. Buhari, President of Nigeria

The boss man signs the appropriation bill into law. Yes, President Buhari has signed the 2021 Nigerian budget of N13.588 trillion (about $36 billion) into law.  The budget estimate increased by N505.61 billion from the initial N13.082 billion presented to the National Assembly in October.

Now, let us execute it 100%. Still very low at N13.588 trillion but better than last year’s. Nigeria needs great companies for the promise of having great budgets. It has to happen because the promises of politicians are the taxes of companies (and citizens). 

Breakdown

  • Recurrent Expenditure – N5.64 trillion
  • Capital Expenditure – N4.125 trillion
  • Debt Servicing – N3.324 trillion
  • Statutory transfer – N496.528 billion

Read more here for the breakdown.

The parameters & fiscal assumptions underpinning the 2021 appropriation bill

  • Benchmark oil price of 40 US Dollars per barrel.
  • Daily oil production estimate of 1.86 million barrels (inclusive of Condensates of 300,000 to 400,000 barrels per day).
  • Exchange rate of N379 per US Dollar.
  • GDP growth projected at 3.0%
  • Inflation closing at 11.95%

More analysis here.

Breakdown of Nigeria’s 2021 National Budget of $35 Billion

Amazon Acquires Wondery in a Deal Valued Around $300m

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Amazon Advert

Amazon has announced that it’s acquiring Wondery, a podcast startup that has caught a glimpse of popularity with top-rated podcasts and millions of listeners.

“We’re pleased to announce that Wondery has signed an agreement to join Amazon Music. Wondery is an innovative podcast publisher with a track record of creating and producing top-rated podcasts that entertain and educate listeners, including “Dirty John,” “Dr. Death,” “Business Wars,” and “The Shrink Next Door,” Amazon said in announcement.

Amazon said Wondery will become part of its music and add support for podcasts, including its own original shows in September.

“Wondery is already delighting listeners with its collection of immersive podcasts, and the company is evolving this entertainment medium into a truly new and exciting experience. When the deal closes, nothing will change for listeners, and they’ll continue to be able to access Wondery podcasts through a variety of providers,” Amazon added.

With Amazon Music, Wondery will be able to provide even more high-quality, innovative content and continue their mission of bringing a world of entertainment and knowledge to their audiences, wherever they listen, the company said.

It is the season of podcasts and companies are betting big in the market through acquisitions. Spotify has acquired Gimlet, SinuXM acquired Stitcher and New York Times acquired Serial Productions.

With Amazon’s entry into the market, although it seems late, the competition is going to heat up.

Amazon Music launched podcasts in September 2020; the company said together with Wondery, it hopes to accelerate the growth and evolution of podcasts by bringing creators, hosts, and immersive experiences to even more listeners across the globe, just as it does with music.

Amazon founder

“This is a pivotal moment to expand the Amazon Music offering beyond music as listener habits evolve. Our commitment to podcasts, our focus on high quality audio with the Amazon Music HD tier, and our recent partnership with Twitch to bring live streaming into the app, make Amazon Music a premiere destination for creators,” it said.

Amazon said the partnership will ensure that it will continue to bring more customers to streaming and expand selection and ensure they become a destination for their customers to find, discover, and listen to the creators and artists they enjoy.

The financial terms of the deal were not disclosed as it is yet to be closed. Amazon assured listeners that nothing is changing for today.

Techcrunch reported that the deal is valued around $300 million. Wonder has raised a total of $15 million in funding from Advancit Capital, BDMI, Creycroft, Lerer Hippeau among others, according to Crunchbase.

Wondery has become popular in the US. It was ranked by Podtrac as the fourth largest podcast publisher in November, with an audience of more than 9 million listeners in the US.