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Home Blog Page 6039

Congratulations President-elect Joe Biden

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As the world presidents congratulate President-elect Joe Biden, I want to also join them. As the inaugural president of Uke Udo (Peace Age Grade) in Ovim, Abia State, I hereby send our congratulations from the Ovim Kingdom of Abia State, Nigeria! lol. May you lead in peace, wealth, health and prosperity. May the world feel the freedom from America again. Congratulations Mr. President-elect.

Ndubuisi Ekekwe
Inaugural President, Uke Udo
Ovim, Nigeria

*A statement from Ndubuisi Ekekwe, Inaugural President of Uke Udo, as he joins other presidents to congratulate Joe Biden for winning the U.S. presidency.

Hahaha, lol, alleluia. alleluia. It is Good Morning in America.

It is a good morning in America. Sir, out of nowhere, you sent a note: follow me to Morocco, and just like that, a village boy from Ovim, was in the Vice President entourage. Days later, I spoke in Marrakesh, Morocco. You made it happen. I salute the flag and the beauty of America. It is morning over here, and the dews are falling.

Freedom to the black kids on the way to Ivy League. Freedom to women of color. Freedom  to our world. Freedom! Freedom!! America the beautiful – you have left the solid bounds of the earth and touched the face of the Almighty and the blessings are all over us.

Peace, grace, and abundance – our beautiful nation, the great America. We came with really nothing, but your kindness has brought abundance to us. That will remain because HE still answers prayers. Thank you Jehovah. Thank you Chineke. Thank you Oluwa Jesu. Thank you – it is morning over here.

“What Has Nigerian Government Done for You?” A Time for Honest Reflection

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The coat of arm of Nigeria

A Twitter user and popular comedian, Debo Macaroni (@mrmacaronii), sent up a post that tore his followers and fans into two. In this post, Mr. Macaroni tweeted, “Honest Question: Since you were born into this country, can you mention one thing that the government has done for you? Personally, I can’t mention one. I don’t know about you.”

As usual, the young ones came up with curses, abuses and statements on how useless the country is. They clamped down on people that recounted what they have benefitted from being in Nigeria and made it look like the country has nothing good to offer. The more I read the comments attracted by that post, the more I realised that many people don’t really know what they are enjoying in this country.

This is not a propaganda essay, as many always assumed. This essay borders on personal experiences. It does not mean that Nigeria is a perfect country, but we won’t also say that it is all bad in the country.

Well, three responses to Debo Macaroni’s post caught my attention. There are so many others but I believe these three will help to make us grateful for what we have even as we ask for more.

The first response is from Dr. Dipo Awojide (@OgbeniDipo), who retweeted the post with this remark, “If you attended Command, Army Secondary Schools, Airforce Schools, Nigeria Navy Schools, NMS or NDA, you cannot say Nigerian government hasn’t done anything for you. You probably enjoyed the best education and educational infrastructure Nigeria had to offer between 1990 – 2005.”

In his second retweet to this same post, Dr. Dipo said, “Cheap University education. My tuition was around N10,000 per year between 2004 – 2008. This is one of the reasons I give back and will continue to do so. If you graduated from a federal university in Nigeria, you cannot say the Nigerian government hasn’t done anything for you.”

The third response that I wish to bring here is from Kayode Ogundamisi (@ogundamisi), who stated, “Degree in Political Science UNIJOS was highly subsidized by Nigeria. Total cost not up to 30k naira. My entire secondary education was free with free textbooks and writing materials. Thanks to UPN and Jakande. Nigeria can do better but I am thankful for the opportunity.”

Well, that tells those of us that went to federal tertiary institutions that we owe Nigeria our certificates. Even those that went to state owned institutions still have to be grateful for answering “graduates” because we all know what private owned higher institutions cost. So to be honest here, it is easy to become a graduate in Nigeria. All that is needed is extra hardwork to be able to gain admission into those subsidised institutions.

But let’s leave the education sector and come to health. Many of us are alive and hearty today because we have primary, secondary and tertiary hospitals. Most of our mothers delivered us free of charge in government owned hospitals. Today we have primary health centres, where some of these millennials were born. We have general hospitals, where we see general practitioners and specialists for medical attention. We have tertiary institutions, where we are referred to when our medical conditions could not be handled by general hospitals. And how much do we pay for all these – close to nothing. All we do is “buy a card” with two hundred naira, or even less, and then sit down to wait for doctors. Can that money do anything for you in a private hospital?

Still in the health sector, many people do not really know that the government has paid for their children’s immunisation until they go to private hospitals for it. The only money I spent to immunise my children was the charges for injection syringe; and this was when I used a missionary hospital. From what I learnt, the government supplied the vaccines to the hospital but did not buy syringes for them. Grudgingly, I paid for the syringe at the cashier’s desk, grumbling as I did so. I became super thankful when people that went to private hospitals told me how much they had to pay.

There is no need looking into other sectors to prove that there are a lot of subsidies we enjoy in this country. For instance, a lot of people did not know that fertiliser was subsidised until middlemen came in and it became a business venture. Before, fertiliser was sold at very cheap rates at government offices but I don’t even know if that is obtainable now. This was also the case with improved crops and seedlings. These things wouldn’t have been available at cheap prices if the government did not play a role to affect that.

The truth we also have to bear in mind is that Nigeria as an entity is not the problem. The issue is not with Nigeria but with Nigerians. We are always quick to condemn without looking inwards to ask ourselves certain questions. Nigeria will not be in trouble if Nigerians – both the government and the citizenry – are not in trouble themselves. We point at the leadership but we forget that they reflect who we are. We want them to work and stop squandering money but we are diverting funds in our various offices for personal uses. We accuse them of padding budgets yet the list we presented to our husbands and to our bosses are triple the actual amount. Let’s face the truth, we all are Nigeria’s problem – either by commission or by omission.

All I am trying to say here is, never say that Nigeria government has not done anything for you because you are actually the one owning the country. Even if you claim you haven’t benefited directly, you have indirectly. At least, that your teacher and family doctor are existing today is because Nigeria gave them the opportunity. Let’s be grateful for what we have as we fight to get better things.

WTO Pauses on Ngozi Okonjo-Iweala and Yoo, Waits for Certainty on Next US Leader

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The contenders before the Korean withdrew

The United States has paused the world, as everyone waits for the official results of the Presidential election between Joe Biden and Donald Trump. Without that clarity, the World Trade Organization (WTO) cannot go ahead with its scheduled Nov 9, 2020 meeting to select if Ngozi Okonjo-Iweala or her Korean counterpart will ascend to the position of the Director General of WTO.

The World Trade Organization (WTO) has postponed a General Council special meeting on the appointment of the next Director General. The organization announced on Friday that the meeting, previously slated for Nov. 9, has been postponed until further notice due to “health situation and current events.”

“It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on Nov. 9,” David Walker, General Council Chair of New Zealand said in a written statement to all members.

“I am therefore postponing this meeting until further notice, during which period I will continue to undertake consultations with delegations,” he added.

You may not like this decision but it is actually the only option: the United States is the trading platform because at the end, the world is just looking for what it could get from it. Yes, while China is always gaining on exports, the US is the only major economy that is “losing”. The implication is this: if the U.S. does not buy into any agreement, all the permutations fail since at the end, only the American cake is what everyone is coming to share.

But while they continue to debate, wait and siddon-look, Oriendu Market in Abia state is open for business, every four days. In my village market, we do not wait for any election! We trade nkwobi, isi ewu, yam and everything that makes life yummy. Visit today, good people.

WTO Postpones Nov 9 Meeting in a Possible Wait for the Outcome of US Presidential Election

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The World Trade Organization (WTO) has postponed a General Council special meeting on the appointment of the next Director General. The organization announced on Friday that the meeting, previously slated for Nov. 9, has been postponed until further notice due to “health situation and current events.”

“It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on Nov. 9,” David Walker, General Council Chair of New Zealand said in a written statement to all members.

“I am therefore postponing this meeting until further notice, during which period I will continue to undertake consultations with delegations,” he added.

United States’ opposition to the appointment of Ngozi Okonjo-Iweala as the DG of WTO created an urgent need for meeting for the trade organization’s delegations. The US had vetoed her appointment on the ground that she lacks expertise in trade, preferring South Korea’s Yoo Myung-hee.

A statement from the US Trade Representative, which advises President Donald Trump on trade policy said Yoo had “distinguished herself as a trade expert and has all the skills necessary to be an effective leader of the organization.”

Okonjo-Iweala has the support of 164 members of the WTO, except the United States who has vowed to support its preferred candidate Yoo.

Nevertheless, on October 28, Walker told WTO members at a Heads-of-Delegation meeting that based on their consultations with all delegations, the candidate best poised to attain consensus and become the new Director-General was Ngozi Okonjo-Iweala of Nigeria.

“She clearly carried the largest support by members in the final round and she clearly enjoyed broad support from members from all levels of development and all geographic regions and has done so throughout the process,” Walker said.

In view of the US’ objection, the organization had scheduled Nov. 9 to set matters right in accordance with its constitution which requires that its 164 members appoint a Director-General by reaching a consensus.

Rockwell told reporters earlier that there would likely be “frenzied” activity to secure a consensus for Okonjo-Iweala’s appointment. She has the support of European Union.

Thus, the postponement of the Nov. 9 meeting till further notice suggests a strategy to beat the US hurdle. The World Trade Organization appears to be waiting for the outcome of the US election, hoping Biden’s presidency, who has made promises to support international organizations, would support the decision of other members of the organization.

The US President Donald Trump has been very critical of the WTO, describing it as “horrible” and accusing it of bias toward China.

As the votes count in favor of Biden in the US election, the World Trade Organization seems to be playing a waiting card and would likely reconvene next year, after Biden might have been sworn in.

Okonjo-Iweala who has responded to US’ objection to her appointment by referencing her works in trade and reiterating her readiness to lead the organization to great heights, expressed her gratitude for the WTO’s decision to postpone the meeting.

“Thank you WTO for today’s (Friday) step in the formal recording of my leading position as Most likely to Attract Consensus for WTO DG. Every step is important. Look forward to further progress at the appropriate time,” she said.

Environmental Innovation: The New Goldmine in Africa

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When you hear about Tesla, what comes to mind?  Electric cars I believe. A green vehicle that runs with electricity, has falcon wing doors, smooth and quiet. An example of a modern day environmental innovation.

Environmental innovation is the creation of products and processes that will ensure sustainability.  It entails producing and transforming technology applications to adhere to terms of environmental sustainability.  In summary–innovation is an idea transformed into practicality.

In recent times, there seem to be a shift in inventions and innovations. Green products  and technologies  are the inventions and innovations that have been on the rise and in-demand in recent times. Data on Tesla vehicles, according to Statista, indicated that Tesla’s vehicle deliveries reached between 367,000 and 368,000 units in 2019. The Smog free project, Zéphyr Solar and The Green Building Initiative (GBI) are initiatives highly regarded all over the world. We also have B-Droid, an initiative aimed to create robotic bees that can pollinate crops– a technology poised to change the agricultural world. All these are highly appreciated due to increasing risks and undesirable consequence of manufacturing firms on the environment. Although many eco-sensitive firms and initiatives are springing up, it seems Africa is being left behind.

In Africa and Nigeria in particular, fintechs and agric-techs are  flourishing (in 2019, Interswitch was valued at $1 billion, while Paystack was recently acquired by Stripes for $200 million dollars), while eco-tech companies are struggling to woo the kind of crowd the aforementioned startups have. In terms of investment, venture capitalists most times, doubt the future of such businesses. Potential investors believe that a business must show signs of scalability.  And yes! Every successful business needs a scalable business model, and eco-tech companies cannot be an exception. However, many potential investors feel that such businesses and their business models might be unscalable. An untrue assumption.

Environmentally conscious and eco-tech companies, I believe, seem to be the best/ most suitable business for scalability. If such companies are given the financial backing and conducive environment, they could bring more ROI (return on investment) compared to other tech companies. Not just that, if well planned, eco-tech companies could be the solution to the environmental challenges e.g. waste menace that has beset Africa. Examples could be taken from brands that modified their business models to a more sustainable one.

Many top giants in the apparel & accessories industry e.g Adidas and Nike have remodeled their business models to sustainable business models. They also created effective business strategies to ensure it works.  Adidas for example brought out a “three loop strategy” focused on ending plastic waste, ensuring a circular economy (an economy that focuses on reducing, reusing and recycling raw materials), and production of sustainable clothing mainstream. With this, Adidas has postulated that by 2024, they will eliminate virgin polyester in their products and go 100% recycled (Sina Port, 2020). Nike on its own has ensured their business model revolved around minimizing environmental footprint. This has led them to recycle approximately 30 million pairs of shoes since 2010 (Nike, 2010).

The sustainable business model built by Adidas  has seen the demands for its sustainable products rise  considerably, contributing in part to the company’s 10% increase in revenue to $6.4 billion in the last quarter of 2019. Meanwhile Nike posted a a revenue of $10.6 billion in the first quarter of 2020. A $1.49 billion difference to the $9.11 billion estimated by business analysts (Kim Bhasin, 2020).  And it is estimated that the global sustainable footwear market size which was valued at USD 7.5 billion in 2019– is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2020 to 2027. Not a bad financial return you will agree. And, when it comes to raising seed capitals, many emerging eco-tech companies in some regions of the world are not doing badly either.

Some eco-tech startups in regions such as Europe and other developed nations are getting access to funds through investors, and patronage from customers due to the increased consciousness of environmental sustainability. Companies such Solarkiosk, Artic Sands, Freight Farms are typical examples. Freight Farms for an example, has raised about $12 million from venture capitalists and have sold in excess of 250 shipping-container farms in more than 15 countries.  All these within its 10 years of existence.

The above illustrations should indicate that eco-tech companies are poised to flourish as time goes on, and it will thrive more in Africa.

Existing companies in Africa should tweak their business model to a sustainable business model, making it a disruptive business model– a Fosbury flop approach. It is the new technique.

As a potential entrepreneur or or an existing business owner, using an environmental innovation as part of a “double play strategy” would not be a bad idea. It is certain that it will be a recipe for success. Adidas did it, Nike followed and others are tweaking their models to follow suit. Tesla is also a huge success.

If it can work in other regions of the world, why not Africa? Environmental innovation is the new goldmine in every corner of the globe, including Africa.

“It is no more Innovation of Nations–It is now Environmental Innovations of Nations”