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Two Special Weeks – Tekedia Career Week and Tekedia Innovation Week

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Tekedia runs two special annual programs – Tekedia Career Week (not designed for finding jobs but rather planning careers) and Tekedia Innovation Week for our members. Admission is that a member must have attended a Tekedia Mini-MBA program in that year. The dates are announced in our program curriculum. For the last edition, click here.

Register by early bird deadline to attend 2021 Tekedia Special Weeks free. We will bring leaders of global innovation systems, and HR directors, to help our members advance the course of fixing market frictions, and experience leadership ascent.

Edition 4 (Feb 8 – May 3, 2021)

Tekedia offers an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents.

It is a sector- and firm-agnostic management program comprising videos, flash cases, challenge assignments, labs, written materials, webinars, etc by a global faculty coordinated by Prof Ndubuisi Ekekwe

Code Program
MINI Tekedia Mini-MBA costs US$140 (N50,000 naira) per person.
MINR Add extra (optional) $30 or N10,000 if you want us to review and provide feedback on your labs.
MINF Annual Package (includes 3 editions of MINI and optional 2 certificate courses): $280 or N100,000.

Tekedia Advanced Diploma Programs

Each track of Tekedia Advanced Diploma programs runs for 8 weeks (2 months). A track has no Live Zoom session, and it is completely self-paced and online. Upon payment, you have immediate access to start learning.  The program includes class notes, flash cases and videos, but no webinar. There are many tracks. Cost: Each track costs $100 or N36,000 naira per participant. 

 

DLSM Advanced Diploma in Logistics & Supply Chain Management
DBIS Advanced Diploma in Business Innovation, Growth & Sustainability
DBPM Advanced Diploma in Project Management
DIRM Advanced Diploma in Risk Management
DIBA Advanced Diploma in Business Administration
DIDT Advanced Diploma in Innovation and Design Thinking
DIAT Advanced Diploma in Accounting, Auditing, Forensics & Taxation

Payment options are here: www.tekedia.com/pay

The Lesson from London for Nigeria!

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The flags used to be very noticeable in Brussels, at the EU headquarters. But the UK has gone and all the flags were brought down. According to the UK Treasury chief Rishi Sunak, the “health emergency is not yet over and our economic emergency has only just begun…largest fall in output for more than 300 years.” In other words, the UK could experience the largest recession in over 300 years! No other country in continental Europe is going through this severe redesign.

Sure, what concerns me with the United Kingdom. My concern is a lesson for Nigeria. More than anytime in human history, there is strength in coming together. Business is nothing but perception; if you are too small, people do not pay much attention. Unlike in the past, if the UK Prime Minister speaks today, you know his only arsenal is the UK. Previously, he could get the EU to hammer you. Simply, his impact has diminished.

As the UK discusses sanctions on Nigeria over the trampling of ENDSARS protesters, few in Abuja have cared. But if the EU is doing that, Nigeria would send emissaries to abort any sanction. In the past, everyone would have thought: if the UK does it, it could influence the EU to follow through. With the UK out of the EU, that risk was gone. London, you can sanction Nigeria, but that should not be a killer!

Nigerians, let us not go alone. We can reform our economic architecture but staying as one country should not be debatable. An Arewa Republic, Biafra Republic and Oduduwa Republic would be inconsequential at the global arena. Those republics can stay as one country under new economic frameworks that deepen our competitive and comparative advantages. At the end, Team Nigeria wins and thrives. 

Today, I shared a roadmap on how that new Nigeria can evolve: abolish “state of origin” and replace it with “state of residence”.

One Policy That Will Change Nigeria For Good – Abolish “State of Origin” for “State of Residence”

 

Big Party In The Jumia World

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Red shorts for all those shorters in the Jumia world. I do think most are coming clean. And in Lagos, I hope Jumia has ordered a drum of zobo for staff and associates. Where is Interswitch? Where is Andela? And my favorite Flutterwave? This is my position: Africa is one of the few places you can find parabolic growth in traditional sectors. Those that lead therein will win big monetary trophies. Jumia is having a moment.

Jumia Technologies is an African e-commerce company that covers a population of 600 million people. A November presentation laid out the company’s turnaround efforts and plans for future growth that are summarized below.

Jumia E-commerce: Jumia has 6.7 million annual active customers and had over 28 million orders placed through its platform over the last year.

Jumia’s third-party sellers cover 90% of the platform items with 110,000 active sellers part of the Jumia ecosystem.

Seventy-eight percent of African online customers bought on Jumia in the last 12 months and 88% of that total made additional purchases in the same period.

JumiaPay: One of the key assets for Jumia could be its JumiaPay fintech platform, as about 34% of the company’s transactions are completed via JumiaPay.

Nigeria, Do Not Over-Celebrate This Tweet!

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We saw the tweet: “Executive Chairman, FIRS, Muhammad Mamman  Nami says the agency has raked in ?4.178T revenue out of d ?4.239T target it set for itself -News. Meanwhile, @MBuhari exempted those on minimum wages & those who run small businesses from paying tax That’s more money in their pockets”.

Largely, many would think that the FIRS has over-executed, hitting close to 99% of its target. I do not buy it because anyone could set his or her target and hit it. In 2018, FIRS collected N5. 320 trillion., well ahead of anything they are achieving in 2020, and in that year, they set a goal of hitting N8 trillion for 2019. So, celebrating N4.2 trillion so far in 2020 does not mean that FIRS has been magical.

The Federal Inland Revenue Service, FIRS, re-wrote Nigeria’s collection history in 2018, when it announced today, that it has collected a total of N5. 320 trillion.

Tunde Fowler, Executive Chairman, FIRS, who made the announcement in Lagos today at a retreat: “Parliamentary Support for Effective Taxation of the Digital Economy” said it is targeting N8 trillion for 2019.

The N5.320 trillion collection is the highest revenue ever generated by FIRS in history. The highest in FIRS was N5.07 trillion generated in 2012.

Sure, I do not know when this target was set. But I do think it ought to be done before January 2020, and if that is the case, why was it so low to start with? In 2019, they were bold even though they can short: “The total revenue of the Federal Inland Revenue Service (FIRS) for the 2019 fiscal year fell below target, as a total of N5 trillion was generated against its N8 trillion target for the year”. Why set a target of N4.23 trillion for 2020 , possibly before the pandemic hit, when in 2019, you hit N5 trillion?

The government should not be celebrating the 99% achievement as it does not tell the whole story despite the pandemic. And that means when they hit the 100% by Dec 31 2020, we need to put all in context.

Markets Reward The Generation’s Finest Innovator

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This is legendary: Tesla’s founder, Elon Musk, is now the world’s second richest person, behind Amazon’s Jeff Bezos. What happened is uncommon: Tesla’s stock has moved from $65 to $526 within a year, and the electric vehicle mass-scale pioneer is now worth close to $500 billion. Musk owns a big chunk of that money, plus equity in SpaceX, another legendary company.

Tesla founder Elon Musk has overtaken Microsoft’s Bill Gates to become the world’s second-richest person, per the Bloomberg Billionaires Index. The 49-year-old entrepreneur’s net worth rocketed by $100.3 billion this year to $127.9 billion, driven by a surge in Tesla share prices, which experts say could reach $1,000. The electric car company’s market value is near $500 billion. Musk’s stake in SpaceX, which launched four astronauts on a ‘taxi’ service to the ISS last week, accounts for a smaller portion of his fortune. Amazon’s Jeff Bezos remains the world’s richest person, worth $182 billion.(LinkedIn News)

Tesla has the best technology, best brand and remains well ahead of competitors on electric vehicles. Yes, the category-king has been anointed and Tesla will win the electric vehicle (EV) business. And provided it keeps that dominance, markets believe others will just break down. What GM and Ford are doing could be described as “marginal”, and daily, Tesla is extending the goal posts, making it harder for them to catch-up.

In the marketing construct of Needs, Expectations and Perceptions, Tesla is taking the world into Perception while other brands are meeting needs and expectations in the EV sector. When you are in the perception space, you set a new basis of competition, bringing new competitive ordinances that disrupt markets for your advantage.

Elon Musk is the generation’s finest innovator – and markets have rewarded him.