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Plentywaka Partners with Innoson to Extend Services to Southeast Nigeria

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As part of the plans to expand into the South-eastern part of Nigeria, Plentywaka, the first bus-hailing app in Nigeria, would be collaborating with Innoson Vehicle Manufacturing (IVM), Nigeria’s first indigenous automotive manufacturer to bolster Plentywaka’s fleet with a host of new vehicles as they continually work at upgrading bus travel in Nigeria.

This is a first-of-its-kind collaboration for both companies coming together to foster the growth of safer, convenient, and more comfortable means of travel for Nigerians. It is perfectly coming at a time where Plentywaka just clocked one year of full operations, raised $300,000 investment, with 200,000 completed trips and 40,000+ downloads on its mobile app while concluding plans to break into the South-eastern states in the last quarter of 2020, starting with Delta State.

This partnership is set to ease the burden of commuters in the region still facing the age-old problems of a lack of safety, comfort, and convenience which has plagued Nigeria’s bus network for decades. Plentywaka is set to make a major bid to replicate the success of its tech-driven service in Lagos and Abuja to upgrade the state of bus travel in both states.

Speaking on the partnership, Dr. Innocent Chukwuma, CEO and Founder at IVM said Plentywaka’s hunger for success propelled the partnership initiative, and combining the carmaker’s expertise and the ride-hailing company’s tech innovations, the partnership will fulfill its aim.

“We’ve been closely monitoring Plentywaka’s progress since its launch in September 2019 and their growth has been very impressive in such a short space of time. From our conversations with their founding team, we saw a company that was hungry and unprepared to rest on their laurels, which is why we were keen to support them in the next phase of their expansion.”

“Today marks a partnership between two industry leaders and our ambition is for this to develop a firm foundation for Nigeria to become a leader in bus travel across Africa. With our manufacturing expertise and Plentywaka’s strengths in tech and customer service, we are very confident we can achieve this and look forward to a long and successful relationship.”

Plentywaka Co-Founder & CEO, Onyeka Akumah, describes this partnership as a major step towards developing a robust and reliable transport system built by Nigerians for Nigerians. In his words, he said, “We are two brands that have lived through an outdated transport system in Nigeria and we’re joining forces to bring our country into an era that is long overdue and driven by technology.”

“We know what our people want and we know what they deserve – a safer, more comfortable and efficient means of transport and as the traction in our first year shows, we have the technology to make this a reality. With IVM on board, we’re breaking into new territory so riders in the South-eastern states are not left behind.”

With the new partnership in effect, Plentywaka is set to expand its range of options for riders as it pushes to capitalize on the surging demand for its service.

Founded in 2007 by Innocent Chukwuma, Innoson Vehicle Manufacturing (IVM) is part of the Innoson Group and is the first “Made In Africa” automobile brand. With IVM’s manufacturing plant based in Anambra State, Nigeria, the partnership with Plentywaka is the first of its kind for the company as it makes its first entry into the e-hailing space.

Plentywaka has overcome the tech glitches that stymied its growth earlier in the year, to seek expansion to different parts of the country as demand for its services surge. Procurement of vehicles was another challenge that stood on its way to expansion. With partnership with Innoson, the ride-hailing app has the needed leverage to extend its services to the Southeast and other parts of Nigeria.

Innoson is carving out a new niche with partnership with transport companies. The Nigeria’s indigenous carmaker, earlier announced partnership with Uber and Bolt to provide ride-hailing services in the Southeast, through a hire-purchase scheme designed to empower drivers.

The #EndSars Saga: Why Nigerians are Unmoved by IGP’s Orders Against SARS

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The new phase of the #EndSars campaign triggered by fresh cases of highhandedness and the brutality of the Special Anti-robbery Squad (SARS) and some other special units of the Nigerian police, who went rogue, got Nigerian government’s response in the afternoon of October 4, 2020, through an order from the Inspector General of Police, Mohammed Adamu.

The order restricts police tactical teams that include the STS and IRT from setting up roadblocks, conducting patrol, or stop and search operations. It also restricts them from invading people’s privacy, from phones to homes.

“The Inspector-General of Police, IGP M.A Adamu, has banned the personnel of the Federal Special Anti-Robbery Squad and other tactical squads of the force including the Special Tactical Squad (STS), Intelligence Response Team (IRT), Anti-Cultism Squad and other Tactical Squads operating at the Federal, Zonal and Command levels, from carrying out routine patrols and other conventional low-risk duties – stop and search duties, checkpoints, mounting of roadblocks, traffic checks, etc – with immediate effect,” the order said.

It added that no personnel of the force is allowed to embark on patrols or tactical assignments in mufti, or search people’s mobile phones, laptops and other devices.

The IGP’s order was supposed to bring relief to Nigerian youths and probably an end to the #EndSars campaign. But it didn’t, for reasons that could be traced back to similar events in the past.

In 2018, following relentless outcry and protests from Nigerians over the impunity of SARS, the then IGP, Ibrahim Idris, on the orders of the Vice President Yemi Osinbajo, the then acting President, ordered SARS off the roads, unless they were answering a distress call.

The order included a plan initiated by Osinbajo to overhaul the entire management and activities of SARS. Consequently, Idris set the ball rolling with new rules that forbade the Squad from dealing with the public illegally, and included recommended psychiatric evaluation for every member of the Tactical Squads.

The dream of sane police service started thus, but unfortunately, it died as soon as it began. IGP Idris reached the age of retirement and was succeeded by Adamu, who immediately reversed all the measures taken to address the cruelty of SARS, in fact, he authorized them back to the streets with the new name, Federal Special Anti-Robbery Squad (FSARS), and the outcry for their brutal activities began once again, even with more volume.

Although there is nothing new in their actions, the impunity it thrived on recently is believed to be an indication of approval from the top.

The horrifying stories that greet the social media on the daily speak of a menace that is enabled by impunity and will likely stick around for much longer.

“We have read this before. Some of your officers do not obey you or any Nigerian laws. We have pictures, videos, names & addresses of rogue officers and their victims. Deal with erring officers. They are everywhere committing more crimes against Nigeria. Take action not talk,” said Rapper Ruggedman, who has been actively fighting for victims of SARS corruption.

The belief that the order will only restrain SARS for a while is rooted in several other orders of IGPs that had been ignored by the Nigerian Police, including the order to dismantle roadblocks across highways nationwide, and the Bail Is Free mantra that is boldly written in every police station.

Although the new order makes a threat to hold commissioners of police responsible in cases of the misbehavior of members of the Tactical Squads; saying the Commissioner of Police in charge of State Commands and the FCT as well as their supervisory Zonal Assistant Inspector General of police “will be held liable for any misconduct within their Area of Responsibility,” the concern lies on the honesty of the supposed watchdogs.

The report filed by Amnesty International in the wake of the calls to end SARS back in 2017, said the anti-robbery squad operatives pay as much as N300,000 to their bosses to get posted to some states deemed lucrative, and frequently have to bring returns to keep their posts.

Against this backdrop, there is concern that forcing the rogue units off the street will result in upsurge of crimes as it does not entail the needed reform that will put a permanent end to police corruption.

“Today, the IGP announced a ban on SARS and other tactical units. Do I believe that that is the end of the problem? Oh No!” wrote the former DG of BPSR, Dr. Joe Abah, who has been vocal about police reform. “However, I am a public service reformer. A very important tactic in reforms is to get an anti-reformer to publicly commit to reform.”

… “The next thing that will happen is that following the “ban”, there may be upsurge in crime. Some of the banned officers will ensure that this upsurge happens and worries the public. The IGP will say “Although I committed to banning SARS, I can’t watch armed robbery go up”, he added.

Therefore, while the IGP order should have tuned down the clamor for police reform, it heightened it. The level of pessimism expressed by Nigerians about the development bears a disheartening size of distrust that betrays every sense of security from the Nigerian Police.

Osinbajo said he is angry and very concerned about the maiming and robbing of Nigerian youths by those who are supposed to protect them, and he wants to see reform. But it isn’t the first time he is saying it, and Nigerians appear unmoved by words without actions this time.

This Week in The Nigerian Capital Market: Equity Market Update

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Nigeria’s All Share Index has recouped all its losses as at close of trade on 2nd October 2020, trading higher than 26,808.24 it was on February 27th, the start of the crisis in Nigeria.

In that seven-month period, we have not only seen recovery of the All-Share Index, we have also seen re-allocation of value to the healthcare, telecoms and agricultural sectors from sectors and companies that are far from recovering their pre-coronavirus prices.

In this report, we classified all listed stocks on the Nigerian Stock Exchange (NSE) into sectors and sub-sectors in line with the NSE’s classification. We listed the prices of the stocks as at year end (31st December 2019), pre-coronavirus (26th February 2020) and compared them to closing prices as at 2nd October 2020.

The goal is to establish the ‘legroom’ available for investors to take advantage for long-term investments and possible speculative purposes.

Download the report here.

The concept of ‘Social First’ (SF) platforms and who will be the Non SF after LinkedIn

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I read this interesting post by Gary Vaynerchuk about how LinkedIn is currently positioned. I did find it a small bit perplexing, –

‘LinkedIn right now is going through a Facebook 2012 moment’ – agree.

‘…thinking about for your LinkedIn profile…add context for the LinkedIn crowd! ‘-agree.

I’ve been on internet since things like AOL and Yahoo IM were category kings as online social drivers. They were displaced by the arrival of Facebook and other richer content platforms. Business jumped in smelling monetization through participation which lead to the rise of the ‘influencer’ But it’s important to remember they were ‘Social First’ (SF). LinkedIn came in initially to contest the ‘job-board’ market. I was in LinkedIn quite early on when it had no feed and members were primarily recruitment agents, hiring managers and jobseekers. Content creation on SF and non SF platforms aren’t the same. Much content doesn’t transfer from one kind to another yielding results. To some extent it does also depend on the results you are looking for. On a non SF platform, taking poorly judged opportunities to participate may create the impression your head is not in ‘the game’ and that’s never good for business.

I consider traction in one of three areas to be essential for contribution fit. These are: 1. Industry Sector(s) 2. Occupation/Technical Understanding. 3. Geo-Market and demonstrating geo soft skills. I work on an 80/20 split on this and try to discipline myself not to go out of scope more than 20% of the time. My opinion is if I give 80% relevance to a chosen community, they will tolerate up to 20% off the mark, and that <20%  gives the opportunity to dimension myself as a ‘person’.

I am C2B so I grow my network fairly deliberately and rather slowly. I only need to gain the attention of a few key needles, not an every ballooning haystack. Gary seems to diverge from his earlier themes a bit towards the end of his video.

One key takeaway for me though is where Gary says: (the golden era of LI) ‘it will go away…. they always do…. it went away… My Space… Facebook… it goes away everywhere…. it’s supply and demand of attention…’

https://www.linkedin.com/posts/garyvaynerchuk_one-final-time-this-thursday-afternoon-activity-6714939332634931200-R-SY

This holds concerns for the future for me because my business model is only well supported by Non SF rather than SF platforms.  You know what they say about failing to plan being planning to fail.. Since LinkedIn came along in 2003, I have seen nothing appear to contest its space. As a non SF juggernaut, if and when LinkedIn goes ‘off the boil’ as Gary suggests is inevitable at some point.. what is the non SF presidential candidate that is waiting in the wings?

Surely, to be prepared, C2B people need to start preparing for that now?

Also Reference:

https://theundercoverrecruiter.com/job-board-history-info/

Law Session Now Posted; Law Faculty Coming To Tekedia Live on Saturday

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This week at Tekedia Mini-MBA, we are focusing on Law. Our two Faculty members cumulatively hold law degrees in Europe, Africa and the United States. And they have practiced law in many domains. Experience the quality of Tekedia Mini-MBA as two brilliant legal minds take us to an excursion of business & commercial law, covering IP, securities, contracting, negotiation, etc, bringing Harvard Law education, European Law education and the Nigerian law roots in one place.

Business & Commercial Law  – Chukwuemeka Mbah (LLB, BL, LLM) Law, Manager, Sherwin Williams

Contracting, Negotiation and IP – Jeff Chineme Maduka (LLB, BL, LLM), Snr Legal Manager, American Tower

Meanwhile, we are hosting Barrister Mbah at Tekedia Live on Saturday. He will answer your business law questions.

Meanwhile, early registration has started for the next edition of Tekedia Mini-MBA. Do it today and have access to the ebooks and business cases we are publishing as part of our library. Begin here

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