DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6101

The Need for Immediate Intervention on the Ongoing #ENDSARS Protest

1

Sometimes, it is hard to place the needs of protesters. When you try to solve the problem they raised, they will demand for another one or accuse you of ignoring their major demand. If you try to listen and address them, they will tell you they don’t want your contribution because they want the whole world to know what you have done to them. They will shut you down and deny you the chance to address the issues they raised. Honestly, the best way to stop a protest is by preventing it.

The ongoing #EndSARS protest is a good example of the scenario described above. When the protest started, the protesters stated categorically that they don’t want SARS to be reformed but to be totally disbanded. Fortunately, on Sunday, 11 October, 2020, the Inspector General of Police, Mohammed Adamu, announced that SARS has been disbanded. However, the protesters did not take him by his words because they do not trust him. Apart from that, the fact that the men of SARS will be redeployed to other units of the Nigerian Police Force seemed not to go down well with them. No one actually knows what the true grievance is today, but the fact remains that the protest continued after Adamu’s press conference. And it is getting violent and bloody.

To be honest, I have tried to follow the rationale behind the continued protest, and the call for more demonstrators, but I am actually at lost. From all I can see, their demands have been met, so why is the protest still heating up? Permit me to ask, what exactly do the current protesters want? Of course it can’t be about SARS because it has been dissolved. So, why are they still demanding for ENDSARS?

Well, from the comments I see on Twitter handles of most of these protesters, I think I can point out some of the things they want – most of which are unrealistic.

  • Dismissal of SARS Officials

As unfortunate as this might sound, most of us in this country don’t really know how things work. It is unfortunate that people went on the ENDSARS campaign and hoped that the SARS officials would be sacked and released into society (despite their expertise with weapons). Hence, when they heard that these officials will be redeployed, they raised hell. Someone even told me that it is wrong to send SARS officials to other police units because they will “corrupt” the officials they meet there. Well, I think it is high time somebody educated the protesters on this issue.

  • Persecution of SARS Officials

I know that some SARS officials are brutal but I still know that there are good ones among them. I made out time to talk to some adults here in Enugu and they said that the youths don’t know how SARS made it safe for them. Yes, a lot of them made life unbearable for the youths. But then, it is wrong to assume that they should all be prosecuted, especially when there is no evidence against them.

  • Abolishment of Every Special Police Force

There is no need spending much time on this. Many of these protesters do not want a special police force that will oversee armed robbery and other violent crimes. Somehow, they believed that ordinary black and black olopa can keep their community safe. Well, good luck to them.

Inspector General of Police Nigeria

I don’t know who should go out there and call the youths back home so that things can be worked out under a sane clime. Sorry to say this, but it is true that their protest is becoming more of a noise than a message. The IGP has given his order, what we need now is how to follow it up to ensure that it is well carried out. From what I learnt, the Anambra State government is already working with the state police command to disband SARS, even without a single protest happening there. This comes to show that the order given by the IGP is authentic and it is for the state governments to oversee its implementation. For this, any further protest has no good cause.

But then, here we are, our youths are being incited into endangering their lives by people that never stepped out of their homes or offices to join the protest. If I may say, parents need to talk to their youths now more than ever.

A Covenant University Educator Will Teach During Tekedia Career Week

0

He holds a First Class Honours degree from Covenant University and PhD from the same university. He is also an educator in the leading private university in Nigeria. He leads MindMould, a capacity building and human development agency which helps individuals and organizations to multiply productivity, impacts & results. Abraham Owoseni, PhD, a Tekedia Faculty, will teach during Tekedia Mini-MBA Career Week.

This career week is not designed for finding jobs. Rather, it is structured to TRANSFORM workers, professionals, founders & 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 Dr. Owoseni and our other Faculty.

Tekedia Academic Programs

Once Again, Nigerian Government Subsidizes Electricity

0
electricity companies nigeria

On September 28, the Federal Government of Nigeria averted proposed nationwide strike by Organized Labour, over the increment of petrol pump price and electricity tariff, by promising to, within two weeks, implement effective measures that will cushion the effects of the price hike.

As part of the agreement, the Federal Government was given two weeks by a committee made up of stakeholders and representatives from both the government and Organized Labour, to set the ball rolling.

On Monday, the Federal Government announced that, as part of its efforts to implement measures that will ease the strains of the price hike, it will work out modalities to ensure that customers overcharged by the eleven electricity Distribution Companies (DisCos), as a result of the electricity tariff hike will be fully refunded.

Earlier in September, the Nigerian Electricity Regulatory Commission (NERC), increased electricity tariff from N30.23 per kilowatt-hour to N62.33 per kwh. As a result of the tariff increment, five distinctive bands (A-E) were created to reflect the various service levels and minimum hours of power supply.

Customers were to be allotted electricity supply according to the hours of electricity they consume in their respective Bands. Customers in [Band A] are to enjoy a daily minimum supply of 20 hours, those in [Band B] minimum of 16 hours, [Band C] will have minimum of 12 hours, [Band E] minimum of 8 hours, and those in [Band D], a minimum of 4 hours daily electricity supply.

According to NERC, the increased tariff will only apply to customers in Bands A, B and C, while D and E remain frozen until they are allotted more hours.

And as part of efforts to improve service delivery in the power sector, the Special Adviser to the president on Infrastructure, Ahmed Rufai Zakaria, said about six million Nigerian households will be metered. He added that the tariff relief plan will be implemented this week to uphold the agreement between Organized Labour and the Federal Government.

“The implementation of the above tariff reliefs will be executed within this week as the suspension of the Service-Based Tariff is removed; the distribution of six million free meters to Nigerians and refunds for any customer overcharged by the DisCos will be implemented.

“We completed our work with Labour on electricity tariffs. The federal government will use Value Added Tax, VAT proceeds from the Nigerian Electricity Supply Industry (NESI), to reduce the September increases by 10 percent to 31 percent for bands A to C, Band D and will remain frozen,” he said.

However, the tariff subsidy is expected to last for three months, which leaves gaps in the agreement between Labour and the Federal Government, and some unanswered questions.

The agreement entails that the Federal government, among other things, will roll out measures, including tax waiver on the minimum wage and intervention fund to reduce the burden of the petroleum pump price and electricity tariff hike.

“A specific amount is to be unveiled by the Federal Government in two weeks’ time, which will be isolated from the Economic Sustainability Programme Intervention Fund that can be accessed by Nigerian Workers with subsequent provision for 240,000 under the auspices of NLC and TUC,” said the Minister of Labour and Employment.

While the move offers reprieve to Nigerians on electricity, fuel price hike remains unaddressed as it involves multifaceted mechanisms that the government is struggling to develop.

The MultiChoice (DStv, GOtv) Impossibility Claim on Pay As You Go

6

The CEO of MultiChoice, John Ugbe, has spoken: MultiChoice, the owner of DStv and GOtv brands, does not have the technology to deliver Pay As You Go (PAYG) in Nigeria. Yes, PAYG is neither technically possible nor commercially feasible. And because those cannot happen, MultiChoice will not offer PAYG as it is impossible at the moment. He made that claim under oath before elected leaders in the House of Representatives Nigeria who are tasked with finding why satellite TV providers have been unable to offer Nigerians PAYG.

He said the Pay- As-You- Go can only be feasible if there is a total and global remodelling of the satellite broadcasting technical and billing architecture, adding the result will be that consumers will have to much higher tariffs to access the service.

“The economies of scale model employed by broadcasters mean that subscribers pay less.

“We are yet to see a pay TV business anywhere in the world that does PAYG in the sense intended here. We do not believe the model is technically or commercially feasible,” Ugbe declared.

He maintained that Pay-Per-View, is however different from PAYG and more expensive, as it entails a broadcaster transmitting a single event at the same time to its subscribers who have paid to watch the event.

“A subscriber who wants to watch an event on PPV is required to pay an additional fee besides his subscription.

“A typical example would be the Mayweather and Pacquiao, and Wilder and Fury II boxing bouts which were retailed on PPV in the United States for $100 and $79.99 respectively.

Mr Ugbe has a tough job to explain to Nigerians that if you have to use Pay Per View or broadly Pay As You Go, the economics changes. If a monthly service plan costs N10,000 for the average of 720 hours in a month, a provider will not accept N30 for your two-hour English Premiership game under Pay Per View. Simply, the cost of that two-hour game could rise to N2,000.

It is the same thing which happens in airline tickets. If you buy a ticket which you are not guaranteed a refund, it is typically cheaper. But if you want one with a guaranteed refund, it costs more since the airline has to actually “preserve” that seat for you no matter what happens.

More so, if you do not allow airtime credits to expire, it will cost more for everyone, since everyone would then be able to spend airtimes,  no matter the time, costing the telcos resources. But if the airtime could expire, telcos use probability of usage to reduce the airtime cost for everyone knowing that say 20% of the purchased airtime will not be used. The discount cost on airtime calibrates out the unused airtime.

Pay As You Go or Pay As You View is easy to implement technically. But the problem is when people start complaining that they are asked to pay N2,000 for a two-hour game. So, Mr. Ugbe has to improve his communication on that.

Star Times has unveiled PAYG for Nigerians. So, the technical element is possible, But that does not mean that it is a good business for MultiChoice. If you launch that, possibly, many would just pay for European football and that would do it for them.

At the end, it comes down to having a credible competitor to MultiChoice. Remember the MTN “impossible” per second billing and the pivot when Glo offered it. That is what Nigeria needs – find an alternative, and MultiChoice will adjust. Every other thing is siddon-look.

Which is a Better Business Model – Quibi vs Tiktok?

2

Which is a better business model?

A: Have 10 great movie producers to produce 200 short videos for your digital platform over two years (Quibi like).

Quibi is a media company that develops media content designed for smartphones

B: Allow tens of thousands of amateur creators, and use an AI to select the best videos daily and distribute them massively in your platform (Tiktok like).

TikTok is a short-video sharing app and social network platform that develops a lip-syncing video application to create videos.

In 2000, Option A would have been a good business because the computing resources to run AI and crunch the numbers were not (commonly) available for Option B. But with cloud computing and the age of AI here, Option B wins. The probability of getting a hit video compounds in Option B while A is limited by the insights of just 10 people; virality is key for short movies. That is why Tiktok will remain a better business than Quibi which is looking for a buyer despite being under the guidance of legendary Jeffrey Katzenberg. People, as I have noted in the Grand Playbook of Business, your business model is more important than your ability to execute.

Quibi can’t catch a break, even after becoming a two-time Emmy-winner. Less than six months after Jeffrey Katzenberg and Meg Whitman launched their short-form video streaming startup, the company’s drama “#FreeRayshawn” nabbed acting trophies for stars Laurence Fishburne and Jasmine Cephas Jones.

The accolades from the Television Academy apparently didn’t impress Emmys host Jimmy Kimmel. The ABC late-night comic quipped during the Sunday night broadcast that the newcomer had “10 Emmy nominations this year, including outstanding short form comedy or drama and dumbest thing to ever cost a billion dollars.”

Yes, in ancestral Igbo, a dream of fetching water is full of vitality because the road to the stream is never covered by weeds. But dreaming of fetching a firewood is bad as after the woods are gone, the weeds take over the road. So, you want to be fetching water over fetching firewood as it means there is a future.

Improve your business model.