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The Need for Africa to Resume Her Former Position

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AU

Mansa Kankan Musa, one of the most famous and powerful people on Earth, was an emperor of the Mali Empire. His reign lasted from 1312 – 1337, a period of twenty-five years. His period of emperorship was known for its good governance, peace, political stability, national development and prosperity. He was a Malian. He was a black man.

Till date, he is the wealthiest person in world history. His pilgrimage to Mecca, the hajj, from 1324 – 1325, led to the development of the Mali Empire. During his journey from Mali to Mecca, he and his royal entourage spent so much gold that the value of gold in Cairo crashed (and took ten years to recover) and the economy of Mecca went into depression. His entourage comprised of 60, 000 royalties, 1000 servants that marched before him and his senior wife (each holding a golden staff that weighed about four pounds), 12,000 servants that attended to him and his royal entourage, several thousand subjects that carried provisions for the journey, and 100 camels that carried gold of three hundred pounds each. History has it that the Mansa spent and gave out about one ton of gold in Cairo alone.

Like I stated earlier, the Mansa’s hajj attracted development to the Mali Empire. His heavy spending and display of wealth attracted people to Mali. All of a sudden the world came to know about them. People started visiting the empire from different parts of the world. The Europeans also joined the bandwagon and that was when the Italian, Spanish and German cartographers saw the empire as important enough to be included in the map of the world. As a matter of fact, the empire was featured in the world map that was released by a Spanish cartographer in 1339. Not only that, the empire established libraries and universities and students came from all over the world to study there. When Mansa Musa died in 1337, Mali Empire had one of the leading Islamic cities (Timbuktu) in the world; and this was when Islamic cities were the hubs of commercial and intellectual activities.

Of course the Mali Empire, like many other empires, crumbled later. I can’t really say why but I am suspecting the invasion of strangers, who brought in alien leadership ideologies to the then rulers. From what history stated, bad leadership, civil wars and lack of proper management led to the fall of the empire in 1645, but you and I know quite well that there is more to it than meets the eye. But that is not the essence of this essay anyway.

I stumbled on the history of Mansa Musa and the Mali Empire some days ago and couldn’t help being so proud of Africa. When I searched farther and saw how his predecessor, Mansa Abu Bakr II, left in 1311 for an expedition into the Atlantic Ocean with 2000 ships filled with men, and the suspicion that they didn’t return because they discovered the Americas, my heart and head swelled. I told myself, “We Africans actually had it all before the ‘colonialists’ came. So what happened to us after then?”

If you are an African and you trace the history of many African kingdoms, your heart will feel proud of this continent. If you consider what you had before we were thrown into mental slavery, you will wish for who you were. But of course, the first way to subdue us was to make slaves out of us. Since physical slavery is a crime today, mental one is the key.

This essay is not political, neither is it speculative; it is about what is happening to us, the Africans, especially Nigerians.

Somehow, we have accepted the low position the world placed us in. Somehow we have accepted that we are not good enough. Somehow we have come to believe that we are inferior. Many of us think that way. And many of us believe that.

Each time I read up histories of the ancient world, I see Africa as not just the cradle of life but also the creator of civilisation. But when I say it out people tell me I am being dramatic or that I read too much or that I just don’t want to accept the reality. But what then is the reality? That we are inferior? And so I should, hence, take the least position; the position of the loser?

Nigeria and South Africa leaders

Mbanu, I don’t see myself in that light.

We had our systems running smoothly before they were invaded and corrupted. Our communities knew the system of government that worked for them and adopted them. There was no corruption or what have you today. But as alien systems came in and were forced on Africa, things began to fall apart.

But that is not the issue right now. What we need to do now is to break out of the chain of mental slavery. We should accept that we were not ‘saved’ by the colonialists. We should accept that other continents are not better than Africa. We should look deep down and see our strengths and focus on building them. We should start seeing ourselves as worthy enough to compete and work with people from different parts of the world. We should start assuming our former position – the cradle of life.

Don’t let anyone tell you, you’re less intelligent, or less innovative, or less beautiful, or less important, or less anything because you’re African. Always remember that we were doing well before they came. They didn’t make us better; rather they jeopardised our system. It’s time to take back and own what is ours.

China Goes 6G Even As The World Is Debating 5G

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China – the upcoming ruler of the new world order. Yes, “the world’s first 6G satellite” record belongs to China.

China has successfully launched what has been described as “the world’s first 6G satellite” into space to test the technology.

It went into orbit along with 12 other satellites from the Taiyuan Satellite Launch Center in the Shanxi Province.

The telecoms industry is still several years away from agreeing on 6G’s specifications, so it is not yet certain the tech being trialled will make it into the final standard.

It involves use of high-frequency terahertz waves to achieve data-transmission speeds many times faster than 5G is likely to be capable of.

The satellite also carries technology which will be used for crop disaster monitoring and forest fire prevention.

Why Did He Lose? AND Why Did He Win?

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Why Did Trump Lose? And Why Did Biden Win? I have maintained thus: Trump lost because above all things, there was a credible Libertarian  candidate in the race. Libertarians are more conservative than Conservatives (i.e. Republicans) which means that the probability of any person who voted for a Libertarian voting for Biden, over Trump, is close to 0. In other words, any vote to a Libertarian is a vote Trump lost.

Jo Jorgensen, the Libertarian candidate in the race, might have cost Trump the election. Here is my thesis:

  • Arizona: Biden is winning Trump by 0.44% (about 15,000 votes); Jo received 1.5% (about 50,000 votes) of the votes. 
  • Pennsylvania: Biden is ahead by 0.67% (about  45,000 votes). Jo got about 78,000 votes or 1.2%.
  • Wisconsin:  Biden is ahead by 0.62% (about 20,000 votes). Jo received about 39,000 votes of 1.2%.
  • Georgia: Biden up by 0.25% (12,000 votes) with Jo getting 62,000 votes for 1.24% of the votes.

Without Jo, Trump might have picked enough votes to sway Arizona, Pennsylvania, Georgia and Wisconsin and won the U.S. Presidency. Indeed, from all indications, that would have been the outcomes. 

I expect Trump to contest again in 2024.

The Lagos State’s $3 Billion 2021 Budget

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Lagos budgets $3 billion (N1.2 trillion) for its close to 25 million inhabitants.  That is actually an improvement from the sub-N900 billion of 2019 except that the exchange rate will depress many things. But on pure purchasing power parity, it is a marginal improvement. 

Unfortunately, Lagos may not really see a better fortune even if the Lagos startups begin to exit, as most are only operational in Nigeria but are legally non-Nigerian companies since most of their holding companies are incorporated outside Nigeria. Dealing with that anomaly is what the government has to work on this decade. If not, nothing will change in the state and the nation.

Just as Jumia taught us, it was a Nigerian company to grow but when it mattered in New York, it became a German company. Most startups (including some I am associated with) are of the view that Nigeria is not winning that race of making itself attractive to incorporate holding companies, and the implication is that Lagos state (and indeed Nigeria) budgets will remain stunted.

Lagos needs to make it a challenge: if Harvard University has annual operating expenses of $5.4 billion, we need to work hard to match that by 2025, at most.

Losing A Nation Through Cement

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For the completeness of my update here where I noted that the Nigerian government gave Dangote Cement special waivers to export cement via land borders, when other legitimate businesses in Nigeria were blocked, I have to update that BUA Cement received some favours also.  We are yet to read from Lafarge and Ibeto Cement if the goodies were extended to them. If I get any note, I will update the community.

. Like I mentioned earlier, we were given a one-off thing for a limited quantity which we
exhausted in June. But we are optimistic it’s going to continue during Q3 through the land
border of Illela from Sokoto State into the Niger Republic. Mr Chike can you respond on
the prices.

According to Nairametrics, the waiver has been running for months. It seems the whole land border closure thing was designed to distort market equilibrium for some big men to become bigger.  As I have noted here, there is no fundamental economic theory that supports the government’s restriction of EXPORT from Nigeria to its neighbors, since some of these countries are indeed open to import from Nigeria, even if we block their exports. In other words, nothing has stopped the government to allow exports from Nigeria even when blocking imports. You may argue reciprocity principle but that is not the case, as some of these countries have made the same requests: allow us to buy from Nigeria, at least. With an asymmetric impact, looking at the size of Nigeria’s economy to its neighbors, we simply decided to economically disarm regionally. Of course, countries like Morocco have stepped up to fill the void.

The Customs letter signed by a Zonal Coordinator read in part:

” I am directed to forward herewith a letter from the office of the National Security Adviser …dated 17th, June 2020 on the above subject matter. The trucks will exit and return through Illela Border Station in Sokoto State. You are to monitor the movement towards ensuring that they are loaded only with Cement to Niger Republic and return back to Nigeria”

What has happened here is simple: Nigeria does not win on market forces, and expecting global investors to come and invest without those political connections will keep getting harder. And as we do those things, we will keep losing the nation, economically.

I like this summary from Nairametrics: “The government should, however, issue a policy guideline, rather than approve exports on a piecemeal basis which will not favour smaller exporters with little or no government connections.” I think it should not be hard for Mr. President and his team to do – treat all Nigerian companies the same.

What Is Wrong With Nigeria On Dangote Group? Why Can’t We Have the Same RULE for All?