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Rural Talent and Emerging ABI Talent Scout Playbook in Nigeria for Sustainable Growth

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It has emerged once again that Nigerian government and concerned stakeholders in youth development and human capacity building need to reinvent the playbook being used for scouting  and nurturing talented youths in the country. This is essential as most professionals, who reacted and commented on a video that shows a demonstration of a motorbike invented by a young boy in the southern region of the country, want the youths to contribute to the growth and development in a conducive and sustainable environment. The viral video was posted by Professor Ndubuisi Ekekwe, the Nigerian-US based entrepreneur, on his LinkedIn page.

The Boy (The Innovator)

Examination of the reactions and comments by our analyst indicates that Nigerian professionals want rural talents to be found and nurtured using ABI Playbook [created by our analyst from the reactions and comments after modeling the trends in the reactions and comments]. According to our analyst, ABI Playbook encompasses identification of the talented youths and others in the rural areas across the country by individuals and communicating such youths to the world through new media, especially YouTube. The Playbook also entails an appropriate response from the government authorities to the need of the youths without compromising ability to give them the needed resources, most importantly placing them in domains where their ideas and creativity would be further enhanced. Our analyst also notes that the Playbook would be incomplete without the support of individuals and businesses.

From the views of the professionals, our analyst discovered that Nigeria has many talents who can transform the country’s economy in many aspects. To them, potentials of the talented youths have remained untapped effectively over the years due to limited support from the government, individuals and businesses. Where support is initiated, check reveals that it has largely been done for those with entertainment artistry than those in technical fields or sectors.

Partnership Opportunities in Tekedia Institute

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Tekedia Institute has closed a partnership with Mauritius-based KREEKAFRICA.COM, an online community that connects professionals to clients, and businesses globally, for members and graduates of Tekedia Mini-MBA.  As our members develop and acquire new capabilities in an age where labour is unbounded by geography, we are exploring ways to support those looking for opportunities.

Already,  Amazon offers generous AWS credits to our members as they build a digital future. And Amazon has also qualified Tekedia Mini-MBA for access to its technical academic resources. We are working on how to manage it to avoid information overload.

We welcome partners who can help our members and co-learners advance. Join us today and learn about partnership opportunities in Tekedia Institute.

Innoson Motors To Open Factory in Imo State; Expands Exports for Forex, Sierra Leone Buying $4.7M Worth of Vehicles

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Africa’s leading indigenous vehicle manufacturer, Innoson Motors, would be opening a factory in Imo State. Also, the company is deepening capabilities in the export arm of its business to manage the paralysis of forex which continues to affect manufacturers in Nigeria.  Sierra Leone just placed an order of $4.7 million for vehicles. That money is hard currency. If Innoson sustains that, it would not have to buy U.S. dollars in the black market.

Last October, I was with His Majesty, Obi Gibson Nwosu, the Eze  Uzu II of Awka, and we broke kola nuts. If you grew up in Abia state, you could be tripped by the version of Igbo spoken in Awka. Throughout the conversation, I ensured I kept to Igbo Izugbe (the general Igbo) as my Isuikwuato version of Igbo language could cause wahala. Good enough, Prof FC Ogbalu, an Anambra icon of Igbo language, brought his version of Igbo into Igbo Izugbe. 

Prof Chinua Achebe had written in his own dialect in Ahiajoku lectures in Owerri with explanations on Okike which he edited. At the end, the king saw a raw village boy, not a yankee! Later that evening, I paid courtesy call to the amazing Vice Chancellor of Nnamdi Azikiwe University, Prof. Charles Esimone. As I moved around Awka, I heard a rumour that Innoson Motors would expand into Imo State. Ladies and gentlemen, that is now confirmed. Innoson Motors will open a plant in Imo State.

Also notice how Innoson is pushing for exports to manage the forex risks. Good enough, Sierra Leone is sending $4.7 million through an order: “That’s why we are focusing more on export now to get foreign exchange to enable us to continue to run the factory”.

Most vehicle manufacturers are switching from petrol to electric engine. Are you thinking in that direction?

I never built engine for the first time. I only build body and buy engine. What we do here is building complete motor body. Therefore, if electric is better, what I will do is to partner with electric company to supply me electric engine. And in that case, I won’t lose anything. If electric vehicles become the new normal, we’ll switch over to electric

Where do you export to? Do you supply your vehicles to other African countries?

Where do you export to? Do you supply your vehicles to other African countries? Yes. As of now, I have order of about $4.7million worth of vehicles from Sierra Leone. That’s what I’m producing now for Sierra Leone government. Normally, I do get order and supply from within and outside the country.

[…]

We find it difficult to access foreign exchange, we don’t get at all. How can you be doing black market to do manufacturing? It is difficult. That’s why we are focusing more on export now to get foreign exchange to enable us to continue to run the factory.

Have you considered partnering or merging with known foreign vehicle manufacturers?

Well, most of them want me to partner or merge with them. Yes, we are looking into it.  I’m going to open a new factory in Imo in partnership with foreign companies. I believe the partnership will help us to develop motor manufacturing on a bigger scale in Nigeria.

When pioneering entrepreneurs emerge, nations rise. Nigeria is rising with Innoson.

Innoson Motors Takes Uber, Bolt via IVM Connect in Nigeria

Week 12 Session

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Notes: For Lab #1, question 2, we have the permission of Adanma Ekekwe (no relation to Ndubuisi Ekekwe) to share her Lab assignment.  Tekedia LIVE Tuesday | 7pm-8pm | Branding & Advertising – Akachi Ngwu, Luzo Digital | Zoom link Thursday | 11am-12noon | Fundraising – Grants, DFIs, Govts, etc- Victoria Madedor, Bank of Industry […]

This post is only available to members.

Sector Innovation and Case Studies – Lectures from Industry Innovators

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At Tekedia Institute Mini-MBA this week, we are looking at case studies of sectors using companies to take the messages home. Flutterwave CEO, Olugbenga GB Agboola, shares the future of finance and technology. CEO of Pass, Eke Samuel Chukwunonso takes us on how new technology nexus in broad financial services is opening opportunity and driving economic prosperity.

As most kids in Africa remain locked out of schools due to Covid-19, CEO of Edves, ‘Dimeji Falana, provides a compelling roadmap on how tech can fix our educational paralysis.  On healthcare services, CEO of industry-shaping telehealth leader in Africa, Enoh John, CEO of LAFIYA TELEHEALTH, explains how IOT and mobile internet could help us stay healthier. Then, the village boy from Ovim (yours truly) closes with agriculture, using Zenvus.

Amazing indeed – welcome to the Board!

(picture from Flutterwave lecture for Tekedia Mini-MBA)