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Home Blog Page 6001

Nigeria’s Broken Track to Covid-19 Vaccine Race

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Do not mock Nigerian scientists and engineers. But feel free to mock the political leaders. I read one extremely unfair article, making a mockery on how Nigerian scholars are not participating in the global Covid-19 vaccine race. If not that our pragmatic and virtuoso innovation systems of the 1960s were broken, by successive visionless men, our Oxfords and Johns Hopkins would have risen. This is the fact:

Prof. Augustine Njoku-Obi, his son married from my clan, was one of the finest vaccine creators of his time. He may not sound a name. But he could have been the father of cholera vaccine in the world. He was the man who invented the cholera vaccine that stopped the Kano Cholera outbreak in 1972. The World Health Organization (WHO) approved the vaccine in 1971 and when the outbreak came in Kano, Nigeria deployed the vaccine. 

Our professors are at home now [too bad], bargaining for their wages. It used to be different – they used to be at the forefront. So, instead of mocking the university system, let us during the next election vote for competence over tribal sentiment.

I am from Ovim, Abia state- we voted against all ruling parties in the last election: we voted against APC in presidency, PDP in governorship, PDP in senate and PDP in house. The conclusion was this: the incumbents failed and must be replaced. Abia state has more than 95% literacy rate, Ovim has close to 99%. They told the governor point blank: we would not vote for you because you have not done well! I wish Nigeria can replicate that model – vote for competence and not tribal sentiments.

2022 Will Begin Nigeria’s Data-Powered Application Utility Era

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In June 2017, I predicted that  2022 will be the inflection year where mobile internet will begin to seed new business models in Nigeria (and Africa) at scale. It will be the year of new growth vistas in the nation.

In today’s videocast, I make a case that Africa will enter the era of affordable broadband internet in 2022. That will be the year we will begin a new dawn of immersive connectivity where you can eat and surf all you can. Industry players will take off the Internet meter and then focus on service, experience and quality. From satellite broadband vendors to the MNCs with balloons and drones, the sector will become very competitive and service will drive growth. This has happened in the past – every decade, Africa experiences a major industrial transformation. We saw that in banking and voice telephony. 2020s, starting at 2022, will be the decade of immersive connectivity.

This month, we are learning that the cost of 1GB of data in Nigeria has fallen below N500 ($1.30). With this trajectory, Nigeria will hit a new dimension in our application utility era which I have predicted will begin in 2022 at scale. People, there are many reasons to be excited about the future: it has abundance. Yes, data will unlock new business models in our economy. If the price of data drops and new people go online, good things will happen.

The Federal Government of Nigeria announced today that it has succeeded in slashing the cost of internet data by 50%, a development which has seen the cost of 1GB data reduced from N1,000 to less than N500.

The announcement was made by the Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami, who said the development was in line with the directive he gave to the regulatory agency (NCC) to put measures in place to reduce the average cost of data in the country.

“The average cost of 1GB of data has reduced from the January 2020 cost of N1,000 to N487.18 in November, 2020.

“This was based on a report by the Nigerian Communications Commission (NCC) submitted to the Honourable Minister following the implementation of the directives,” Dr Pantami’s Technical Assistant, Mr Femi Adeluyi said in a statement issued on Thursday in Abuja.

Yet, this is not a good time to celebrate: we may have affordable data but we do not have reliable data! Simply, the quality of service must improve in Nigeria. The voice era of the 2000s was not smooth. The mobile internet era of the 2010s has patches. We must ensure that this application utility era has robust quality.

Go Data. Go Growth. Go Shared Prosperity.

 

Nigeria Slashes Internet Data Cost by 50%

Pass – Simplifying Checkout Pages

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I need to ring a special bell. Thanks MAX.NG for the open clouds for Pass – One-click checkout . MAX is not just the leading on-demand motorcycle-taxi hailing platform in West Africa. It is solving a persistent problem in Nigerian transportation system and Africa as a whole using data and mobile technology to formalize West Africa’s fragmented and highly inefficient informal motorcycle taxi industry.

By reducing the whole checkout process to a single click, Pass is making the online shopping experience a much less tedious experience. Portfolio Pass provides technologies which are helping companies remove their friction.

I will ring a BELL soon. Lol

How To Make An IPO Super Successful

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Dara Khosrowshahi rings the opening bell during the Uber's IPO on the floor of the NYSE in New York on May 10. Photographer: Michael Nagle/Bloomberg

The goal of every human activity is growth. So, every human being is in constant search for how to grow at a fast pace. Is that true with you? Yes, I think.

This is the most interesting aspect. The ultimate goal of every entrepreneur is to grow his business to attain the level of initial public offering(IPO).

It is very important to entrepreneurs, because it is only a few that get to that zenith of business management. 

Do you believe that your business will get to that mark someday? If you believe and you are also working towards it, then this is one of the best marketing strategies you need to make your IPO a super success.

You see, there are three metrics that are very important in every IPO. 

As I analysed on my Linkedin page about the proposed Ant group initial public offering, which was planned to be listed on Shanghai Stock Exchange and the Hong Kong Stock Exchange. 

The three metrics are; the per share value, the total fund raised and the business valuation.

So, a successful initial public offering will record high per share value, high valuation and huge fund raised.

The interesting part is this; this is where investors (shareholders) and founders make money. 

I will be showing you the marketing strategy that can make your IPO a super success. Follow me to the end. Are you ready?

The IPO Winning Marketing Strategy

Before your company list on a stock exchange, you will be given a period of time to carry out proper marketing and publicity. The essence is to sell the shares to many people, so that investors can subscribe.

The higher the demand, the higher the per share value. Here is what makes up this marketing strategy.

Innovative Edge

During this period, the investors are only interested in one thing. Other things may not interest them as you may assume they do. 

The one thing that moves investors to invest, as Gary Herbert explained is the edge of your business or product.

It is during the marketing, you need to show to investors the true edge of your product. That is what will sell your IPO, and that is what will buy the investors.

Do you know why this is very important? It is because investors have many investment options, the one that truly stands out will reduce their investment risk.

The next step is critical

Marketing Medium

Investors can not be found just everywhere. They are special people and are very busy with what concerns them. That means, the social media platforms may not be the suitable channel you should adopt in reaching the investors, as you prepare for your IPO.

Yes, here is the channel that you should use in reaching them. You have to find out where the potential investor gets their information from. 

You have to know the magazine, the channel etc. With that, you will have the knowledge of where they can be found and can be reached.

Copywriting As a tool of marketing

There is no better tool to use in converting a potential investor to an investor than copywriting. Copywriters have over time understood what makes people make purchasing decisions the way they do. 

They have mastered the art and science of human logic and psychology.

They know how to convince investors with their words in print , in such a way that your IPO will be oversubscribed.

So, the professionals you need to handle your marketing before your IPO are the copywriters.

The Expected Outcome

When this strategy is well executed, you will end up having an oversubscribed initial public offering. The three metrics will grow in no time that your share price on the stock exchange will keep rising.

You and the initial investors will make huge money from your investment. It will be a great day for everybody.

This was how copywriter Harbert Gary used this strategy to market a company that is into bottled water product’s IPO and it recorded very huge success.

Welcome African Biosciences To Tekedia Institute

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Tekedia Institute is honoured to welcome African Biosciences team to our institute. African Biosciences https://www.africanbio.com/ is a leading life sciences research company in Nigeria. It was founded by Prof Ikhide Imumorin. At the Institute, we are working with organizations from different industries, assisting them on their innovation and growth journeys. Learn more about our programs.