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Getting Fortified at 40: A Conversation with Salmah Adetutu Lawal

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I had a different schedule this Wednesday Morning. Having woken up from sleep earlier by 2am that day and having had to work on an academic project whose personal deadline I had given to myself was becoming elusive, I made up my mind I was going to work on that project for some hours of the day plus some other pending writing assignments. Alas, a browse through my Facebook page and the encounter with a mutual friend and her offer of a free gift of her book “Fortified” made me do a detour of my intended schedule. I visited her website, took advantage of the offer and took a glance at the book hoping I would read it some day when I have the time. This has been a major fate of many books on my increasingly expanding list of to read books packed on my system. I have never had time to read books for leisure. It is either I read when preparing a research article or had a quick read when preparing for classes. But a major glance at Fortified made me stay glued until I finish reading at a single sitting! So, what exactly made me stuck to this 136-page and 12-chapter autobiography of this 40-something year-old woman – Salmah Adetutu Lawal? Please, come along.

First, let me confess that many of the experiences shared within the book resonate with me. Perhaps, this is because we grew up in the same era and time. So, I understand the background against which she was coming from. Two, the book is detailed. She wanted to tell it all – the story of her life- albeit from her own perspectives as she clocked 40. And she did justice to that covering issues that could describe her experience within that number of years she has spent alive- her Mum, early years, Dad, personality, work experience, marriage and even her journey into entrepreneurship.  Who would not want to read an auto-biography written by his age mate? Besides, I have had a cause to know the author from a distance. We are friends on Facebook. That was how I delved into the book devouring it at a single sitting as I intended to know her deeper.

So, what is my impression of the book? The book is a good one. The story is simple to read and follow. The author should get kudos for the well-arranged episodes of her life. It makes following the story a piece of cake. The book is equally well spiced with quotations that illustrate her points. This shows the writer is a reader and she is deep philosophically. She also did not hide anything about herself- her strength, weaknesses and vulnerabilities. This is reflected in the way she narrated her ordeal while her failed marriage lasts. She opens this chapter of her life with a direct attack on the beginning of her matrimonial life which eventually fails. With the beginning of her marriage very shaky it would have been a miracle if it had lasted more than it did. Inherent lessons are there for young men and women who are about starting their marital journeys. First, compatibility is not only in terms of blood genotype. Compatibility of a couple in character, passion, drive, and set goals are very critical to the survival of any marital union. The author keeps referring to the fact that being a virgin till a marriage is consummated does not guarantee a lasting relationship in marriage.

Yes, she is right to an extent. She, according to her, remains sexually chaste before her marriage. Yet, the marriage caves in after three children. This is an indication that it is not only sexual chastity that keeps a marriage. After the first night, what keeps the marital union going are mutual respect, mutual understanding, mutual love, empathy and compassion. Just as a woman offering her body to secure a marriage contract would not work, it is the same way that using one’s virginity as a bait to make a marriage lasts will not do the magic. Every intending couple needs to understand that once the signs, before the union is made officially binding, are not good, the marriage may not last. This, I assume, might be the reason for the failure of the author’s marriage. The narration is one-sided. No one may get a complete picture of what transpires between her and her ex-husband.

Away from the author’s marital life, there are other life lessons to pick from her four decades of living. One good point to start with is her career at the Nigerian Television Authority which spans for 16 years! As a part of her generation, I would say she is lucky to have gained admission and graduated at the time she does. Her early entry into the career at the Nigerian national broadcaster gives a leverage. As much as her early entry, her sense of duty, commitment, hard work and goal getting character sustains her not only at the NTA but also when she tries to venture into private practice. A very striking feature of the author is her ability to transit as an English Education graduate to a well-known broadcaster. She uses her knowledge of Islam combined with her experience over the years in the media to make a product for herself upon which she excels. This implies that it does not sometimes matter what discipline you graduate with in the university, you will excel if you are able to combine that with talent and some creativity.

It would do no one any good if the lessons from Salmah’s journey into entrepreneurship are not captured. I assume she wants people to learn from her business sense. In the book, the author dedicates a chapter to talking about what works and what does not work for her. She likes exploring and experimenting with ideas. From an English educator to a broadcaster and then to an Islamic lifestyle entrepreneur, Salmah creates a space for herself and she claims it. Hers is a story of a life built on continuous improvement.

Life, they say, begins at forty. But, for the author, it is the end of an exciting phase and the beginning of another exhilarating path through life. In the concluding chapter, the author does some reflections and projections. She explains what is responsible for her still being unmarried despite advances from men. She wants to be more sure in her choice before she settles down again. I think that is instructive. Nobody wants to repeat the same mistake twice. She wants to explore deeper in her multifaceted career journey as a broadcaster, educationist and a teacher. She hopes for more from life. If the saying that a fool at forty is a fool forever is to go by, then Salmah definitely does not want to appear as one considering her life’s journey over the past four decades. It is a book that is worth reading as it contains lessons of life that are worth learning from.

Tax Law and Global Tax Treaties at Tekedia Institute

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He holds a PhD in Energy Law from the prestigious University of Ibadan. He earned LLM from the amazing University of Lagos. But it all began in the land of lions and lionesses, the enviable University of Nigeria Nsukka, where he graduated in Law.

Today, he is a partner in one of the nation’s top law firms, Hermon Legal Practitioners, where he leads the firm’s tax law and energy tax business, among others. Dr. Jerome Okoro PhD, a Tekedia Institute Faculty, will teach Tax Law during the next edition of Tekedia Mini-MBA.

Taxation is a big area in our Institute. We already have a manager in the Federal Inland Revenue Service (FIRS) developing a course on Global Tax Treaties. Essentially, I want our members to get comfortable with tax and use the available tax laws to advance their missions. 

To join the next edition of Tekedia Mini-MBA, click here.

Key Warnings Ignored by Nigerian Government Before Slumping into Second Recession in 5 Years

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In 2019, our analyst noted that Nigeria would be one of the African countries that would experience economic recession in 2020. Officially, the economy plunges into recession as the GDP in real terms declined by -3.62% YoY in Q3 2020, the second contraction in 2020. This is no longer news. What will continue to be the news or probably the issue in the future is a lack of strong proactiveness of the political leaders towards economic recession warning signals.

Before the emergence of Covid-19, which overwhelmed world economy, national and international economists and think tanks have warned the federal government of the possible economic recession. The World Bank projected that the country’s GDP will contract by more than 3% in 2020. This is not different from what the International Monetary Fund forecasted. According to the body, the GDP will contract by 4.3% this year, which would be the largest contraction in nearly 40 years.

In one of its presentations, the World Bank had earlier pointed out that the Nigerian government must address some critical issues in its macro and micro economic instruments due to the Covid-19 disruption. According to the presentation, the government needs to;

  1. Unify exchange rates into a single window, and increase exchange rate flexibility now, before foreign exchange reserves are further depleted and pressures mount for a much larger and disruptive devaluation that would hurt the poor.
  2. Ease foreign exchange restrictions to limit inflationary pressures and increase supply of food and key staples (e.g., health-related products).
  3. Refocus management of monetary policy toward the primary objective of price stability
  4. Phase-out land border closures to limit inflation and direct private sector development to more competitive ends.
  5. Continue making management of public debt more transparent.
  6. Review prudential requirements related to bank sales of non-performing loans to AMCON and similar companies to transparently streamline the process for efficient resolution of nonperforming loans.

Our check shows that the Central Bank of Nigeria introduced some measures during the disruption. Commercial banks and leading businesses in other sectors also contributed to the reduction of the impacts of the disease on the economy. In spite of this, the country slumps into recession. Our analyst had earlier noted the future of some sectors and industries, especially the real estate industry is at stake.

 

Nigeria’s Jollof Rice Index Has A Warning!

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The Jollof Rice Index shows that food prices have risen in Nigeria. With the main ingredient, rice, becoming a luxury product, I do think this is the time to consider if we can do something at the supply side. Basic economics tells us that price will rise if supply is frozen even as demand rises. Covid-19 was an xfactor for most subsistence Nigerian farmers, and because growing rice is not like a factory process where you can add shifts to meet new demand, the recalibration cannot be instantaneous. 

Yes, for rice, you have to wait for months for the farming gestation cycle to happen. If that is the case, can Nigeria open a 2-month window to equilibrate price by increasing supply, via imports, temporarily, and once the farmers have normalized production, close the imports?

There is no reason for us to allow the suffering even though we want to do import substitution. I do think our policy must be nuanced with flexibility to accommodate moving variables. Our main challenge today is that supply is out of phase with demand, due to many perturbations from the coronavirus pandemic, and I do think that Nigeria needs to account for that in our policy playbooks.

This is the reason I am calling the  government and the central bank to open the ports, and support importers with forex (strictly for food) to import food since, technically, we did not plant enough to generate the necessary supply to handle the huge demand in the nation. Without that import, prices of food items will continue to rise since demand has well outstripped by supply.

Without addressing the supply via short-window food imports, prices will continue to go high as farmers cannot magically produce and grow the crops overnight. A 60-day import window, starting immediately, will go a long way to normalize food prices before the peak of the Christmas season.

I vote for the Central Bank of Nigeria to make it easier for rice to be brought into the nation now, and later, as we move towards harvest season, freeze the policy. This will ensure families do not suffer more on this staple food in Naija. Yes, the impact could be more than a tax waiver for minimum wage earners.

Nigeria Needs To Reconsider Its Food Import Restrictions on Forex

Ayoola Foods Business Case – Tekedia Institute

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Segun Olaye built Ayoola Foods “to process indigenous high quality food products that meet national and international standards, both in production and packaging methods, for the satisfaction of our highly esteemed customers in the diaspora”. Tekedia Institute has written a case study on this company. Tekedia Institute Fellow, Oluwatobi Bamidele, researched this firm and drafted the piece; I finalized the case. Our goal is to bring empirical learning in our program through cases biased for African- and Africa-operating entities.

Case available at the Institute – https://school.tekedia.com/