DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6177

The Investment Outlook is 73 – Mild Good

0

The ecosystem looks scary but do not give up hope: Nigeria is still a good place to invest. The playbook now is simple: ensure the company earns not just Naira but also foreign currency like US dollars. (Nollywood studios have figured this out very well).  If you have a Dollar Earning Strategy, you will see Nigeria from a different angle. Yes, provided the market frictions have not been fixed, the opportunities remain. Either you unlock them or another person does. Now, what is your score on our investment outlook? I have 73!

What is driving this YouTube business is evident: everyone wants to earn in US dollars. And YouTube pays in U.S. dollars. So, if you churn out videos and can get people to come and watch with the endless YouTube ads, even a monthly treasure of $20k is achievable. Rumour has it that some channels command excess of $100k monthly. That is a possibility if you see the number of videos these companies put out weekly. With less than (typical) $15k production budget, it is a great business if you have the talent and energy to make it work.

Lagos State Offers N100 Million Grant to Scientific Researchers and Tech Innovators

1

The Lagos State Government has doled out N100 million grants to tech startups and science research initiatives. Governor Babajide Sanwo-Olu had earlier announced N250 million for tech and innovative ideas in the State.

The Governor had outlined six pillars of development for the state that include developing innovative tech ideas and fostering scientific research. It is part of the government’s Smart City plan that is designed to transform Lagos into a 21st digital economy.

Under the care of Lagos State Science Research and Innovation Council (LASRIC), the grant is given to universities in the state with verifiable research pitches and innovators with cutting-edge tech ideas.

The first set of the beneficiaries are expected to proffer solutions to many of the challenges facing the State, including insecurity, environmental hygiene, agricultural technology and COVID-19 containment.

Sanwo-Olu said the initiative aligns with his vision of transforming the State into a Smart City, and urged the recipients of the grants to live up to expectation.

“In December 2019, seven months into the tenure of this administration, we inaugurated the Lagos State Science Research and Innovation Council, (LASRIC), with a seed fund of 250 million naira, in demonstration of our commitment to developing Lagos into a 21st century digital economy and Smart City.

“You are all aware the T.H.E.M.E.S agenda of our administration, which sets out the vision for the work that this administration has been elected to do on behalf of the people of Lagos State.

“The first ‘E’ and the ‘M’ represent ‘Education and Technology,’ and ‘Making Lagos a 21st Century Economy,’ the twin elements that underpin the network of the Lags State Research and Innovation Council.”

The Governor explained that science and technology remain key to his administration’s aim to make Lagos a Smart City and to develop the State in line with modern practices.

Candidates whose applications were unsuccessful were encouraged by the Governor to enroll again, as he promised to increase the fund with time to accept more innovators.

At the conception of the initiative, the state government had promised a transparent process of selecting the beneficiaries. Olatunbosun Alake, Special Adviser to the Governor on Innovation and Technology said only 23 applicants were selected out of hundreds. He explained that the process was transparent even though it’s highly competitive.

Among those selected were PricePally, a food aggregation platform, Doci-HealthCare, GiVo, a circular economy company that offers recycling solutions on IOT devices.

Vanguard listed the names of the research initiatives that include Bioprospecting for anti-COVID-19 remedies from indigenous medicinal plants, led by Abimbola Sowemimo at The African Center of Excellence for Drug Research, Development of Hydrogen Peroxide Biosensors for Detecting Post-harvest Deterioration and Preparation of Chitosan-Derived materials for Cassava Shelf-life Elongation, led by Wesley Okiel at the University of Lagos, and The Production of Fortified Municipal Solid Waste Derived Compost (MSW-C) for amending Soil to improve Nutrient Release and Plant Growth, led by Akeem Abayomi at UniLag, among others.

LASRIC Chairman, Professor Oluwatoyin Ogundipe, said the initiative is an evidence of the governor’s commitment to the State’s development through innovative ideas. He added that the event is also an evidence of the innovativeness of Lagosians.

However, as applause greeted the successful applicants upon receiving their checks, others worry if the initiative will be sustained. There has been a lot of concern about Lagos State policies on tech and innovative businesses recently that many believe that the future of innovative ideas is not assured in the State.

The ban on motorbike ridesharing business in the State and the recent taxation imposed on e-hailing taxis are regarded as anti-innovation policies capable of discouraging inventors from establishing their ideas in Lagos.

There is concern that, although the ideas have been funded through the state government’s grants, future policies may hinder the growth.

The A+ Student And The Process of Success

2

Companies do not hire you just because you made good grades in school. You are hired because you’ve demonstrated attributes which resulted in a good outcome (good grades). To get good grades, you managed your time, showed discipline to accomplish a purpose, etc. The assumption is this: if you can apply those attributes in a job, the outcome would be good. You must understand that the processes to get a good grade are more important than the grade. Most attributes to success are universal while grades are not.  Staying on course with those attributes makes the future predictable even when the grades become irrelevant!

Success in life is not defined by academic grades even though good grades will not hurt. The fact is this: a person can make As in a university-life-phase and still fail drastically in a professional-life-phase. While the phase-exams are different, behind them are clear relationships: process. It is safer to hire an A student than a C student as the A student had demonstrated the ability to set goals (every student desires to make good grades) and accomplished them. The key thing is not the A but the process that leads to the A. Simply, if you hire that A-student graduate, and he/she continues to apply those principles, there is a high chance he can deliver A performance in the company.

In other words, the As mean nothing; it is the process that matters. That process includes activity prioritization, dedication, focus, time management, etc which the student had elegantly managed to get A. Yes, he may not be the smartest student in class. The smartest student had been overwhelmed, failing to manage his time, and ended with B.

This is why I tell people that finished with poor grades: your problem is not the poor grades but the processes that produced the grades. Until you fix the processes, you may continue to struggle in your career.  If you have the capacity for “C” and worked really hard and made a “B”, you are far better than someone that possess capability for A but ended in B. Why? He is a dropper and is losing steam, and could be falling to the bottom.

Processes to good grades are more important than the grades in school. If you made good grades in school, and while working, abandon the processes that produced them, you will start recording poor grades in life! Those success-attributes are universal.

I Am Not A Black Man, I Am An African.

0

The Founder of Christ Embassy – a big church in Nigeria with a global spread, Pastor Chris Oyakhilome, made some statements recently that really caught my attention….actually, it got me thinking.

In a telecast to members of his church, Oyakhilome said:

“Maybe I should tell you something, those of you that say black lives matter, I feel sorry for you! Do you really believe you have a black life? Do you want me to read to you the meaning of black?

Who called you Black? Shouldn’t you have rejected that from the beginning? A contradiction, a bundle of contradiction. You refused negro and nigga…. but that is what black is. You took the English version.

Negro means black. Do you know what black means…. Have you seen black? Black means the absence of colour, absence of good, absence of light and absence of direction. Black is not a colour but the absence of colour.”

There is global agreement that words are powerful. Words can create and break down. Words can be a sole decider between what is possible and what is not possible. Words have psychological implications, and for those who believe there is more to this life than the obvious, words have spiritual implications.

Maybe by a single word – “Black”, Africans have accepted a personal and social definition that has inadvertently created foundational dysfunctionalities that could explain the ugly realities of our political, social and economic lives.

Black is synonymous with darkness and none of these represent anything good. Literally, it is an unadmirable colour, and figuratively, it truly represents an absence of good, an absence of light and an absence of direction – something that sharply defines the reality of the African existence compared to the other continents of the world.

There are many Africans whose complexion are not dark, yet they are referred to as Blacks.

Even in cases where the complexion of an African man is dark, does it make sense to refer to him/her as a black man? Is the colour of his eyeballs also dark? Or would you call him a white man because his eyeballs’ colour are white? Is the colour of his blood dark? Or would you refer to him as a red man because the colour of his blood is red?

So why should an African or anyone of African origin/linkage be referred to as a black man/woman? Where is the rationale?!

The description of Africans as Black was never a natural phenomenon. It was an artificially created adjective that has its source in the African colonial heritage.

To better understand the fraud and ill-intention behind this adjective, the Europeans, Americans and almost anyone who is not of African origin or do not have traces or linkage to Africa are usually referred to as White men.

Well, I’ve seen white colour, I know what colour is called ‘White’, I know how ‘White’ looks –  and from that knowledge, I know there is no human being that is white in complexion.

But it fits into the narrative the colonialists and the West wanted to create and that narrative still hold strong till date.

Pastor Oyakhilome could be right in many ways than we realize. A black man can’t be capable of running a structured government that exist in the service of his citizens, a black man can’t be incorruptible in public or private service, a black man can’t be capable of leading any advancement in ingenious knowledge and technology, a black man can’t respect the fundamental human right of his fellow citizens, a black man can’t practice religion without intolerance for people of different faith……

What good can ever come out of a man tagged with a colour that represents the opposite of good?

Words are powerful and maybe this ‘Black’ tag is part of the African foundational issues.

It is for these reasons that I affirm that I am not a black man and there are no black men. I am an African man and the only adjective that holds true is the African adjective.

You Are More Than READY – Lead and Ascend

0

Let me assure you one thing: you are more than READY. Lead and Ascend.

Sometimes, take risks and find ways to FALL FORWARD. Applying for only jobs which you are 100% ready means you are not advancing your career. Indeed, the job which you are 100% ready is essentially at parity with your current role. To advance, and move to the next level, you must aim HIGHER. Your mentality must be like that kid in kindergarten who raises her hand to answer before the teacher finishes the question. Yes, “I am ready to lead this division and my current results demonstrate so”.