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API-Based Tech Startups Are HOT in Nigeria, Africa Right Now

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It is very HOT and certainly what I am picking from data: API-based technology startups are very HOT in Nigeria right now. They have the shortest time to raise capital. I have also noticed that most conclude contract agreements faster. More so, they are finding it easier to work with blue chip brands in FMCGs, telecoms and other sectors.

An API (application programming interface) is a computing interface which defines interactions between multiple software systems and intermediaries. Paystack which was acquired by Stripe for excess of $200 million is an example of a fintech API-based startup. From most indications, traditional industrial age companies seem to be preferring API-based anchored partnerships when dealing with startups.

Stripe acquires Nigeria’s Paystack for more than $200 Million. When Stripe invested in Paystack a few years ago, many noted that it was certainly a way to understand the market. I did speak and exchanged emails with the co-founder of Stripe, John Collison, during that time. Now, Stripe has understood well enough, and now wants to buy-out the whole company, creating multi-millionaires in Nigeria overnight.

Nigeria, this is a good news because across the nation, a new club has just been formed: those with extra money to support emerging companies. To Paystack boys, well done. Both have served Nigeria and Africa in great ways.

This is the deal: explore how APIs could power your operations. 

Why Censoring Social Media may not Prevent the Spread of Fake News in Nigeria

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On Monday, 2nd November, 2020, the governors of the northern states of Nigeria, in their meeting held in Kaduna, called for the censorship of social media. This demand came up as a result of the violence, destruction and looting that accompanied the #ENDSARS protest. The governors expressed their displeasure with the way the peaceful protest became violent and how the social media contributed to that. They expressed their fear at the freehand given to people to spread news on social media. They saw social media as an uncontrollable platform, which gives room for malicious agents to spread fake news and cause mayhem. For this, they requested that social media should be censored.

Of course you can imagine the reaction that welcomed this development. Nobody wanted to be curtailed; everyone wanted to be free to go in and out of social media. People reminded the Northern Governors Forum that they should concentrate more on the high level of insecurity in the north and not bother about social media. No one bothered to verify the reason behind the call for censorship; all they cared about is their freedom to use whatever platform they so desired.

Well, we all know that the internet is one place where things can hardly be brought under control. It is easy to upload things into the internet but it is hard to decide the direction it would take. Like the governors said, a lot of fake news is circulated on the internet and most of them are harmful. There have been reports of people being lynched as a result of fake news circulated in the internet. We have also heard of people committing suicide because of same issue. The recent violence that shook Nigeria owes a lot to social media fake news. All these make it valid for the governors to ask for the monitoring and censoring of social media.

But, if you ask me, I will say that the governors did not touch the major problem our societies face. I am not talking about the insecurity and food scarcity this time, but about the scarcity, or rather starvation, of information. Our major problem in the country is that we do not have access to genuine information. People are starved of the right information and so the wrong ones take hold and manipulate them. I will explain this.

People are what they take in – be it food, water, alcohol, information, ideas, opinions, and so on. What you are fed is what you manifest. If you are fed with hate, you manifest hate. If you are fed with love, you show love around. If you have lies fed into you, whatever you do and say will be embedded in lies. So, when the right information gets to you on time, there is every possibility that you will question fake news when they come because they will sound absurd. But when there is scarcity of information, a vacuum is created for fake ones to come in and multiply. This is actually the bane of Nigeria – there is a large vacuum created by lack of proper information.

One thing I have never really understood is why our top government officials hoard information. I mean, there are departments and agencies that are supposed to teach us about government policies and how they can impact our lives positively. What then are they doing if they won’t come out to enlighten people concerning the intentions of the government? How come the government is not open to the citizens? How do they expect people to know the differences between the fake and the genuine information?

All I am trying to say here is that censoring the social media will not prevent the spread of fake news. In fact, it will resurrect a worse demon – radio without battery. When there is no social media for people to verify information, it will be harder to debunk false ones. What Nigerians need right now is transparency of the government and access to detailed news. If something is happening that will benefit every Nigerian, let the dispersal of information reach every nook and cranny of the country. If the government is planning to set up a policy or take an action that will impact directly or indirectly on the citizens, they deserve to know that. Let the government officials do their jobs first before looking for whom to hold responsible for the uncontrolled spread of fake news.

Business Mobile Phone Plans

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Choosing the right business mobile phone plan can be a pain but don’t allow it to spoil your dreams or drag down your business. Whether you are working from home or at work, managing employees, various plans, ranging from android to iPhone plans, will fit your business needs. Business mobile phone plans are suited for small and medium businesses, one-person businesses, and large corporate businesses.

There are numerous plans to can choose from as a business person. Still, the best plans are usually the ones tailored to match your needs, pocket friendly while being extremely capable of supporting your business. Here’s a comprehensive list of things to consider before shelling out money for a new business mobile plan:

Technologies (5G)

You have to make sure the plan you choose supports the latest technologies (5G) and that your location is covered by it. This precaution is to make sure your business is not handicapped in today’s competitive business world.

Guarantee

The likelihood of things going wrong is increased when you choose a business plan without a reliable assurance. Many providers provide a weak warranty that just covers a few months, but others offer a lifetime guarantee. You have to consider various factors to get the plan that provides the suited guarantee type for you.

Speed

With many business transactions depending on the rate at which they are transacted and with the hyper-competitive business landscape, choosing a fast provider is necessary. Also, speed sometimes is dependent on your location, so when selecting a plan, you have to choose a program that provides full coverage to your location/address. 

Customization

Is your plan missing something? Or you want to adjust what you selected? Then you have to buy a fully customizable plan. Unfortunately, most providers do not allow the option that will enable you to add or modify your plan. You may have to upgrade to a higher, costlier plan. Don’t fret, Providers like CommunicationsPlus provide these features at no extra cost to customers.

Price

Also, the concern of any business owner is to maximize utility at an affordable price. So it is advisable to buy a business plan that is pocket friendly while providing a whole lot of benefits without making you break the bank.

Businesses may also find it beneficial to explore iPad rental options to enhance productivity and collaboration among team members. This flexible approach allows companies to access the latest technology without the significant upfront costs associated with purchasing devices outright

Benefit

Is your business tied to the EU? Or to the US? Wherever it is linked to, you need to choose a plan that will reflect that. If the EU, then you have to choose a program that supports as many free EU call and text units as possible and vice versa for other countries.

Ease of Use

If you don’t have sufficient time to fiddle with customizations and other confusing things, then you are better off choosing a plan with an online portal to manage your project.

Plans

There are different plans, Phone+Sim or Sim only, monthly plans, and outright buying plans. When choosing either, you should consider other things. The only Sim plan only works when you have a phone already and just want to upgrade or change sims, or you bought the phone separately and want to get the sim separately too. Overall, buying the phone outright can be cheaper in the long run and can lead to savings in the data cost and all that. But using a subscription can be a better option when you are on a budget.

Here at CommunicationsPlus, we have put all this into consideration and have prepared the perfect business plan for you to suit your business needs, whether you run a large corporation, a small or medium business, or a one-person enterprise. Our plans are fully customizable, flexible, and affordable with the latest technologies enabled.  Check out our business mobile phone plans to get started 

2020 Career Week Day 4

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Notes: only the first 100 will be on Zoom. Others will connect via YouTube Live here. You can leave comments below and the moderator will still pick them. Links for Live Sessions Thur | 12noon -1pm  WAT| Nurturing Innovators & Career Planning – Dupe Akinsiun – Tekedia Live | Zoom link Thur | 7pm – 8pm WAT […]

To access this post, you must purchase Tekedia Mini-MBA (Feb 9 – May 2, 2026) | $170 or N120,000.

Ndubuisi Ekekwe Speaking At The Nigerian Economic Summit, Nov 23 – 24, 2020

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The Nigerian Economic Summit Group (NESG) and the Federal Ministry of Finance, Budget and National Planning have rescheduled the 26th Nigerian Economic Summit (NES#26) to November 23 – 24, 2020. The theme of NES #26 remains ‘Building Partnerships for Resilience’. However, the structure would be modified to amplify the voices of our youth and the issues they have raised in the past few weeks. I am working with the NES Leadership and the Government on a design workshop; we may have to change certain things as we all heard loud and clear from our young people. #BelieveInNigeria.

The 26th Nigerian Economic Summit (NES #26) will convene national and global policy makers, business leaders, development partners and scholars to lead and participate in sessions that will focus on building strategic partnerships and cooperation between governments, businesses and the civil society for resilience.

Ndubuisi Ekekwe To Speak at 26th Nigerian Economic Summit