DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6067

How the #Sorosoke Generation holds the future of Nigeria- Kola Oyeneyin

0

A charge has gone to the youths in Nigeria not to be discouraged by the recent events that characterized the peaceful but hijacked protests to end police brutality in the country. This advice was handed down to the Nigerian youths by Mr. Kola Oyeneyin on his LinkedIn page. The 2020 Harvard Kennedy Alumni first took a look at the data and how the numbers are favourable to the youths. He said “On May 29, 2020 Nigeria’s democracy turned 21, and millions of young Nigerians also turned 21. In fact, between 1999 and today, ~83 million Nigerians have been born. Out of those 83 million, at least 72.5 million are alive and well (factor in avg. 10% death rate). ~15 million are those I call #BornDemocrats.” He further stated that by 2023, the number would have increased to 21 million making them having the influence to change democratic leadership.

Oyeneyin then went further to highlight changing values and the generational gap that impacted the protest they had in some parts of the country, especially in Lekki. He said “These young Nigerians, who can now vote or carry PVC, have never been under military rule, unlike some of us. That’s why they remained at the toll in Lekki. They have no idea what the military is capable of. They don’t know or care about IBB or Abacha. While they know of June 12, MKO may not be their hero. Fela’s music may have influenced many of us at some point, for them it is Davido, Wizkid.” The Founder of the Venia Group posited further that “When they think of activism/advocacy, Chief Gani Fawehinmi or Ken Saro-Wiwa aren’t their legends. History being out of school curriculum is to blame of course. However, we must accept that June 12 as important as it is, does not necessarily resonate with a whole generation.”

He then saluted their courage and creative ability which made them organize an online governance structure for the #EndSARS protest built on fintech and cryptocurrency saying they will define the future of the country. He called them the real youth of Nigeria. He said “Let’s face it, they practically created a whole governance structure for hashtag#EndSARS online; including cryptodonations. Both the ~21million who are politically active (above 18), and the remaining ~51million will define the future of Nigeria, whether we like it or not. They’re the real youth of Nigeria, not those of us in our late 30s or 40s. It is those young people that I write to, daily!”

He then advised them further enjoining them to do more in order for the labour of past heroes not go in vain. He said “For the Labour of our heroes past to not be in vain, we need you. We need you to not just be armed with historical knowledge but with vision and purpose. To not just be online, among the crowd, but to stand out and lead. To not just plan an incredibly peaceful protest but to now get ready to build a nation.”

He threw a gauntlet at them to leverage on the power of technology to build a nation of their dreams. He advised “while a Prof. Soyinka may be too old to continue to fight, holding the government accountable, you can. Many of those you look up today, started out right about your age. They did so much to push back on everything we still deal with today, and they didn’t have the weapon you now hold, tech. They too were arrested, beaten, jailed and some even killed. They dared our leaders in the past, stood in front of armoured tanks, and got tear-gassed over and again. They were not perfect, neither am I or you.”

In concluding his admonition, Oyeneyin went down the memory lane to again let the youths see how to draw from the past to create a future Nigeria of their own imagination where peace and justice will reign. He said “MKO eventually paid the ultimate price, for the democracy we are now attempting to make work. I challenge you (and I) today, to not let their labours be in vain. If organized, you’re powerful & have the numbers. That’s what govt. is afraid of. That’s why they came hard on you. You’re living in a semblance of freedom today, because many were bound. You and I have a responsibility, to not only preserve what we have, but to build a nation, where peace and justice shall reign! Don’t ever think it’s the end, it’s just the beginning.”

Deepen Your Business Model [Audio]

0

Just working hard is not enough. You must upgrade your playbook. Is your business model modern? In the Institute, we are spending time looking at business models because in this age, irrespective of how brilliant you are, if you are stuck in the wrong one, capturing value becomes difficult. Amazon can buy Walmart and have a change in excess of $ 1.2 trillion. Microsoft can buy IBM and will not sweat. Get into this zoom conversation in a recent Tekedia Live webinar for Tekedia Mini-MBA members.

All Hail The Y’ello King – MTN Nigeria Is Growing Money on Data!

1

If you look at the financial data coming out of the home of Y’ello, you may not believe that MTN Nigeria is operating in Nigeria. Yes, despite the paralyses in Nigeria, MTN has found a way to keep capturing value. I mean, this company is now at its own level: no one comes close.

Revenue grew by 13.9% to N975 billion over the 3rd quarter, up from N856.549 billion recorded in the corresponding period last year.  You know one thing? MTN Nigeria will clearly surpass N1 trillion naira of revenue in 2020. I think MTN currently holds that record in Nigeria; in 2020, the party will surely continue. The CEO, Ferdi Moolman, sums it up: it is data, and nothing but data growth.

CEO of MTN Nigeria, Ferdi Moolman, said, “Following a decline in voice traffic and an acceleration in data during lockdowns in Q2, we have seen a normalization of traffic as restrictions have been removed, with a recovery voice traffic and continued growth in data. This has supported a 13.9% growth in service revenue, with an acceleration of growth to 16.5% in Q3 specifically.”

  • Operating profit also increased by 7.8% from N284.73 billion in Q3 2019 to N307.01 billion in Q3 2020.
  • The growth in operating profit was largely impacted by the increase in finance costs as a result of increased borrowings (September 2019: N381 billion, September 2020: N509 billion), leading to a decline of 0.6% in profit before tax to N211.6 billion.
  • The following are key metrics which impacted the Q3 2020 figures posted by the firm:
    • Mobile subscribers increased by 3.9 million to 75million.
    • Active data users increased by 1.7 million to 30.7 million.
    • Service revenue increased by 13.9% to N973.8 billion.
    • Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 9.1% to N497.9 billion.
    • EBITDA margin declined by 2.3 percentage point (pp) to 51.0%, due to cost pressures arising mainly from increased investments in the firm’s network and the impact on costs of the depreciation to the CBN and NAFEX exchange rates.
    • Profit before Tax (PBT) declined by 0.6% to N211.6 billion.
    • Earnings Per Share (EPS) declined by 3.3% to N7.1 kobo

This is a massive performance with voice revenue dropping from 73% in 2019  to 67% in 2020, but data doing the job as data revenue to total service revenue has grown from 18% in 2019 to 25% in 2020. Simply, MTN Nigeria has retooled its business model, making sure it is well positioned for the future. All hail the Y’ello king.

Full financial details are here.

A Human Resources Business Partner To Teach During Tekedia Career Week

1

She works with businesses to create and implement innovative human capital strategies as a tool for competitive advantage. Over the last decade,  she has garnered experiences in multiple sectors such as telecommunications, consulting, hospitality, media, construction and retail Sales. A human resource business partner in VDT Telecoms, she works on  people management, providing strategic alignment on the utilization of factors of production through human capital.

Elizabeth (Ayeni) Nyah, ACIPM, GPHR, a graduate of University of Lagos, and Lagos Business School, will be teaching during Tekedia Career Week. This career week is not designed for finding jobs. Rather, it is structured to TRANSFORM workers, founders and entrepreneurs into business leaders and champions of innovation in their companies.

All past and current Tekedia Mini-MBA members, including those who have registered for Edition 4 (Feb 8 – May 3, 2021), attend free. We have 13 courses, videos, cases, etc on how we can plan our careers during this time of disruption.

Join Elizabeth.

Tekedia Academic Programs

Tekedia Mini-MBA Edition 2 & 1 Members: Request for Your Certificates

0
Sample certificate to be issued to co-learners

Tekedia Institute Mini-MBA Edition 2 members, please write Admin and request for your certificate. We will begin batching distribution from today after the grand finale this evening. If you were in Edition 1 and yet to receive yours, let us know also.

My “It’s Graduation Day” video has been posted in the Board. I hope to welcome everyone at 7pm WAT today via the link provided.

Tekedia Mini-MBA is an innovation management multi-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. Register for the next edition here.