DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6048

The Difference between ‘Democracy’ and the Nigeria System of Government

0

Once upon a time, the animals called for a meeting to discuss how to discourage man from hunting them in the forest. As they were gathering for the meeting, they saw Mr. Goat heading to his farm. When they asked him why he wouldn’t come for the meeting, he told them he had important business in the farm and so they should carry on with the meeting. He went further to say that whatever decision made at the meeting is ok by him. Well, the decision made at the meeting was that an animal will be donated to man so he will have meat at his disposal and, hence, leave the animals at the forest alone. No animal volunteered to be sacrificed for this. But since Mr. Goat was not there, the meeting decided he will be used as a sacrifice to man. That is why goats are domestic animals today.

That was one of the fables we were entertained and taught with then. If you actually look at the story, you will see the surface moral lesson – everyone should participate in the development of his community/nation. But look deeper and you will see democracy at its best. That folklore actually depicted the way our forefathers practiced democracy. It tells us everything that is wrong with the democracy of today.

In the days of old, the Igbos practiced ideal democracy. Then, democracy was the same in theory and practice. It was not what we are seeing today that makes people ask whether democracy is still government OF the people BY the people and FOR the people. This definition is a reflection of those days, when the sky was the land of the squirrel. This democracy disappeared the moment colonialists appointed warrant chiefs and introduced corruption into the system (hope you can now understand how deep corruption has eaten into our system).

For the benefit of those that don’t know how the ancient Igbo’s system of government was, just imagine the animals gathering to make a decision to better their lives. That was the system of government then. Everyone (especially the male gender) was directly and actively involved in government. In cases of making decisions that might involve some levels of secrecy (say security affairs), only men (not boys) were involved. In those days, to be looked up to as a man in Igboland takes a lot of things; but that is not the point here. Then, decision making was thrown open to all. The elderly had upper hand when matters become too twisted and volatile because their words are seen as wisdom. If they feel that what was happening to them was beyond their control, they sought for the advice of their gods. Other than that, every man in a community was involved in decision making. This way, no one felt cheated or marginalised. They had the opportunity of contributing towards the development of their communities, unlike what we have today.

Another basic feature of democracy of the ancient Igbo communities is that politics did not exist. I mean, then, once you are of age, you join the decision makers. No one asks another to vote him into the government. There was no campaign, election, vote buying, or what have you that we see today. Leadership was truly the job of everyone. No one, not even the chief priests, took absolute responsibility for leading the community. But things have changed today.

Presenting the budget proposal

Today’s democracy is the opposite of the ideal. Today, democracy is no longer government for the people but government for the s/elected few. Politics came in with its insincerity and democracy became a thing of the past. Decision makers are now paid heavily and given special privileges and so they no longer consider the interests of the community or that of its members. Selfishness has set in and corruption is the order of the day. Honestly, if the meeting of those animals were to happen in the present day, it wouldn’t have been all animals in attendance. Only a few would have been “chosen” to represent the rest of the animals and, believe me, those representatives would have connived with mankind to hunt down all the other animals so long as their palms are greased. That is the bane of mankind.

Well, we have to be realistic. Politics has come and ‘democracy’ is no longer democracy (what we actually have now are totalitarianism, authoritarianism, pseudo-democracy, and the rest). The democracy that was enjoyed by our forefathers can no longer be achievable today because of the structure of the state – diversity inclusive. Then, communities were small and so governance was more like a family affair. Today, that type of government, where everyone participates, is no longer possible, hence the election of representatives. So, what we need now is to find the way to make what we practice today work for us.

Well, it is left for the experts in this area to tell us what to do. We are not actually practicing democracy here, so we might as well start now to give a name to what we have. From all I can see, there is a need to educate people on politics because the majority of us are politically illiterate. But first things first, what system of government are we actually practising in Nigeria?

GTBank Wins Agusto & Co’s Best Digital Bank in Nigeria

0

Agusto & Co in its third edition of the consumer banking satisfaction index has dissected the level of customer satisfaction towards digital banking channels in Nigeria with Guaranty Trust Bank (GTBank) scoring the highest user experience score.

According to Agusto & Co, mobile banking applications remain the most popular platform for digital banking. The increasing use of mobile banking has also been backed by the growing base of mobile phone users, which has grown by a five-year compound annual growth rate of 6% to 184.4 million as the end of 2019. Approximately 82% of the survey respondents are aware of their respective bank’s mobile banking service while internet banking recorded 57% awareness. The respondents are least aware of WhatsApp and other virtual banking platforms (such as the chatbot service and telephone banking), with only 6% of the respondents indicating their knowledge of these services.

According to the rating firm, Guaranty Trust Bank (GTBank) emerges the Best Digital Bank in Nigeria with a user experience score of 74.2. Zenith Bank was the highest-ranked bank in the 2019 edition, with a score of 74.2 but dropped to the 4th position this year (a score of 70.9) due to lower ratings in transaction success rates and troubleshooting & IT support. First Bank of Nigeria ranked second, while Access Bank ranked third. GTBank’s top position was underpinned by comparably higher transaction success rates, which is most crucial in the current ‘COVID-era’. The Bank’s position was also upheld by the significant level of awareness of its digital banking services compared to the other banks in the survey sample.

You can download the report here.

*all contents from a press release.

Tesla Poaches Head of Mercedes-Benz as it Pushes to Grab Market Share in Europe

0

Tesla has snapped up the head of Mercedes-Benz’ Berlin plant. The German union IG Metall said on Wednesday amidst calls for protest.

Reuters reported that the Union did not mention the defecting head, but the plant has been run by Rene Reif, one of the most experienced manufacturing executives at Mercedes-Benz who helped expand manufacturing capacity for Daimler DAIGn.DE in China.

Reif used to be head of engineering and manufacturing at Beijing Benz Automotive Co. Daimler’s Chinese Joint Venture, which has a manufacturing capacity of around 480,000 cars and started building the electric Mercedes-Benz EQC last year, according to the report.

Tesla has been working on its plan to establish a Gigafactory in the outskirts of Berlin following its push to grab a market share in Europe. The American carmaker did not respond to inquiry but developments in and outside the company confirm it’s true.

A source told Reuters last month that a Tesla manager who oversaw the construction of the American electric vehicle manufacturer at the Gruenheide plant, had left his position.

Daimler said on Wednesday that Reif, who is managing its Mercedes-Benz Berlin plant, which makes powertrains, is voluntarily going into early retirement at the end of the year.

The German Union plans to stage a save-the-traditional industry protest, over concern that the traditional carmakers are cutting investment into combustion engine technologies as regulators clamp down on vehicle emission amid the strains of COVID-19 that seen decline in vehicle demands.

Reif’s decision to leave will put the future of the plant in jeopardy and IG Metall said there would be a protest in front of the Mercedes factory on Thursday and called on Daimler to present solutions that would help to guarantee the future of the plant, according to Reuters.

The union said Daimler managers had outlined cost savings plans and union officials as the fear for the plant’s future grows.

Daimler said Clemenz Dobrawa, who currently heads up the Mercedes-Benz battery manufacturing plant in Kamenz, had taken over leadership of the Mercedes-Benz plants Hamburg and Berlin earlier this month.

“Thank to his activity in Kamenz, he brings important know-how for the transformation toward electromobility,” Daimler said, adding that the Berlin plant will be restructured to serve an ‘Electric First’ strategy.

Tesla’s move underscores a growing trend of companies luring best brains from rival firms across industries. Big companies like Amazon and Apple are up in the table. Amazon has poached prominent people from Microsoft, Google, VMware and so on.

But the e-commerce giant has a strict rule forbidding its employees from joining rival firms. Recently, the company sent a stark warning to some of its employees thinking about defecting to other companies: ‘Do so and we might sue’.

Tesla electric car

There has been a growing number of lawsuits against defector employees, especially in the tech industry, prompting many companies to enact policies that limit workers’ rights to join rivals.

Companies are becoming more aware of the danger of passing their tech idea or trade secrets to their rival companies, or their weaknesses being exploited by others as a result of employee’s defection.

In December last year, Lafarge Africa Plc., a cement producing multinational company, announced the resignation of its CEO, Michael Pucheros, which took effect on January 17th 2020.

A few days after the announcement, rival company, Dangote Cement, announced that Pucheros will be resuming as its CEO effective February 1, 2020.

About nine months after Pucheros joined Dangote Cement, the company posted astounding earnings that defied the scourge of COVID-19 in Q3 report.

“I am delighted to report that Dangote Cement experienced its strongest quarter in terms of EBITDA and strongest third quarter in term of volumes. Despite a challenging environment, Group volumes for the nine months were up 6.6% and Group EBITDA was up 17.1%, at a 46.6% margin,” the company said in its Q3 report.

This unimaginable growth means that Lafarge’s market share has been depleted, and the brain behind it is Pucheros, a man who once took the company to great heights.

Tesla has the same game plan for its Berlin’s car plant. If the company will beat one of its greatest rivals, it will need an insider who knows his way around the market, and what it takes to win.

MultiChoice (DStv, GOtv) Goes Into Betting, Buys 20% of BetKing for $81M

1

MultiChoice buys 20% in Betking for $81 million, valuing the company in excess of $400 million.  Essentially, MultiChoice does not just want to live on European soccer rights which keep rising on aggregate price, affecting margins in a continent where consumers are discovering alternative ways to be entertained.

So, provided you call it entertainment – watching Ronaldo and Messi or playing and betting their avatars – money can be made. With BetKing, MultiChoice thinks there is an opportunity to ramp up revenue from this exploding sector in Africa, and it could do that without relying on the capacity to ship more money to hold football rights in European capitals.

MultiChoice, Africa’s biggest pay-TV operator, has acquired a 20% stake in BetKing, a pan-African sports betting group.

As part of the deal, MultiChoice has made an upfront investment of $81 million
(R1.3 billion), with the potential for a further payment of $31 million (R500 million) should certain earn-out targets be met between December 2021 and December 2023.

As the group exercises significant influence over BetKing, the business will be equity accounted as an associate from 1 October 2020 by MultiChoice.

Now that MultiChoice has moved into betting, expect major regulations to begin to emerge in this domain. Why? It is easier to attack a visible enemy than these digital startups no one knows where they operate from. I am not sure BetKing may like what would come, in near future, but of course that is a good problem to have when you can cash $81 million.

US Appeals Court Saves The Day On Harvard’s Affirmative Action Policy

0

I voted in 2020 because of one critical issue: I want to ensure that black kids in America would continue to attend top universities in the nation. The Trump administration had mounted ferocious attacks on one of the ways which enable black kids to get into Harvard, Yale, Princeton, etc, by fighting to dismantle affirmative action. Today, I am happy that the Appeals court has sided with Harvard: race could be considered during admission.

When people write that America does not need affirmative action in these top schools, they have been unable to explain why in some schools, most students who needed affirmative action to get in are not ALWAYS the least performing in classes. Yes, Obama needed one but he was never the bottom of his class. This does imply that the “stable state system” is not fair. So that perturbation of considering race becomes necessary since implicit privileged race had played a role in the stable state selection. The Appeal court ruling is correct.

A Boston-based US appeals court has rejected a challenge to Harvard’s affirmative action policy brought by a group representing Asian Americans who claimed the school discriminated against them as it favored Black and Hispanic applicants.

“Harvard has an ongoing obligation to engage in constant deliberation and continued reflection regarding its admissions policies,” Judge Sandra Lynch wrote for the appellate panel. The ruling said that the school’s “limited use of race” in its admissions policy to achieve diversity is consistent with court precedent.

“Harvard has shown that its holistic consideration of race is not impermissibly extensive,” the court said.

Edward Blum, president of Students for Fair Admissions, which began the lawsuit in November 2014, said the decision would be appealed. Blum has long opposed racial policies that have primarily benefited Blacks and Hispanics. He lost a case against the University of Texas at the high court in 2016.

[…] The sweeping decision by the 1st Circuit US Court of Appeals was also a sharp rebuke to the Trump administration whose Justice Department joined the case, siding with Blum’s Students for Fair Admissions group. […]

For its new class of 2024, Harvard said, Asian Americans make up 24.6% of the class; African Americans 13.9%; Latinx 11.8%; and Native Americans and Native Hawaiians, 2.0%. The remaining category, 47.7%, is overwhelmingly White students.

The argument has been: allow written tests to be the exclusive parameters to admit these students. My point remains: when hiring workers in your company, do you just employ the top performing applicants in written tests? Yes, you still look for other means to evaluate the candidates. The same thing is happening when universities look at students’ backgrounds and “race” when making decisions. 

A poor latino girl, raised by a single mother, who scored 360 could be a better student than a son of medical doctors who scored 361. If someone extrapolates that the girl could be a better achiever, looking at what she has accomplished, despite her background, should not be seen as discriminating. That blacks and Latinos need this support must be classified as being unfair to the boy who scored 361.

Possibly by 2050, America will overgrow it when men and women will not see any race as being superior, and with that bias chose them over minorities. But today, a fudge factor is needed to balance the equation, and affirmative action is it.

Update: Big Tech sides with Harvard on race

Some of the biggest names in tech came out in support of Harvard’s affirmative action admissions policies in its fight against a federal lawsuit. Apple, Microsoft (LinkedIn’s parent) and Twitter were among those signing a friend-of-the-court brief this spring that sided with the university against the U.S. Justice Department. The companies cited their need for workers who are diverse and thrive in an “inclusive environment,” and for colleges and universities to provide these workers — especially as K-12 schools in the U.S. have become more homogenous. The U.S. Court of Appeals in Boston upheld the ruling Thursday that Harvard has the right to consider race in selecting a student body — setting the case up for a possible Supreme Court review.

The Trump Rally in Nigeria