Whether you are an accountant, attorney, investment banker, software engineer, economist or [fill], by the time you are done with Tekedia Mini-MBA, you will have templates, videos and resources which would help you to build financial models and ascertain the valuation of your business. From tomorrow, edition 2 members will begin to learn how to create financial models and valuations of companies. Edition 3 members are going to be introduced to the grand playbook of business, from the beginning to the end, and what needs to happen to thrive. Still time to join edition 3.
Update: There is new information on this post, here.
You might have read that bogus claim that Nigeria has about 17,800 unemployed PhD holders. And the publisher is citing the National Bureau of Statistics, Nigeria. I have done everything to track the original report, but so far, I have not been successful. But just glancing through Tekedia, I noticed a piece by Mutiu Iyanda, apparently extrapolating on the same source.
Beyond the general statistics, 17,831 PhD holders [out of 76,526] categorised under those who work for 1 to 19 hours caught our analyst’s attention. According to the statistical agency, Nigeria has 521,108 citizens with masters degree certificates, ranging from Msc, MA to MBA. Out of this number, 284,149 and 23,742 are fully employed and unemployed respectively, while 95,769 are not engaged in any work-related activities.
Of course, without my data, there is no way I can dispute or challenge anyone. Nonetheless, I do not believe that Nigeria has more than 1,000 PhDs without jobs. To my knowledge, one of the biggest problems in most universities today is that there are not many PhDs to teach. I am not aware of any PhD graduate in Nigeria that is (physically) fit for work that is unemployed in Nigeria. I think it is largely impossible because PhD is a career insurance as you can always find a school to teach! Indeed, because of human capacity scarcity, the federal government exempted professors from the typical retirement age limit, making it possible for them to work till 70 years.
And most are working, on contracts, well past 70 years because schools, especially in engineering, cannot find replacements. The brain drain on doctors makes news but check some electrical engineering and computer science departments, they continue to struggle to retain junior faculty. Of course, after this long strike, expect that problem to be exacerbated.
So, when you look at all the pieces, 17,800 unemployed PhDs in Nigeria should be near impossible.
It is no longer news that Nigeria has been recording high rate of unemployed citizens since last three years. It is also not new that governments at various levels have been seen as either making efforts to reduce the rate or not, according to social commentators and public affairs analysts. The real news, based on the current labour statistics, is surprising insights that showed that the country is seating on a keg of gunpowder if drastic actions are not taken to stem the tide of the rate every quarter.
According to the National Bureau of Statistics, Nigerians [qualifies as labour] who work more than 40 hours are fully employed, while those who spend between 20 and 39 hours, 1 and 19 hours are underemployed and unemployed respectively. The country’s statistical agency also notes that there are citizens who are not engaged in any work activity. In all, the agency notes that Nigeria has 80,291,894 labour force as at Q2, 2020.
Examining the data further, our analysis indicates that on average 3,235,024 of 35,585,273 citizens categorised under ‘working for more than 40 hours’ are fully employed. On average, we also found that 2,085,636 [out of 22,942,004] citizens and 1,126,851 [out of 12,395,364] are underemployed and unemployed respectively. Averagely, it was also discovered over 851,750 citizens [out of 9,369,255] are not doing any work-related activities.
Differences and Linkages
Our analysis of the difference among the categories reveals surprising results. We found that the difference between the citizens categorised into fully employed and underemployed is 1,149,388, while it was 275,100 for those in unemployed and did nothing classifications. Looking at the data further, analysis reveals 96.1% connection between fully employed and underemployed citizens.
Analysis also indicates that those in unemployed and did nothing categories linked by 77.7%. It was 73.7% for those in underemployed and did nothing categories. These differences and connections have many implications for the Nigerian government and its economy. It has shown that those in fullyemployed category are most likely to fall into underemployed and subsequently into unemployed. This is not quite different for those in unemployed category. They would enter did nothing category if concrete policies and initiatives are not developed.
Beyond the general statistics, 17,831 PhD holders [out of 76,526] categorised under those who work for 1 to 19 hours caught our analyst’s attention. According to the statistical agency, Nigeria has 521,108 citizens with masters degree certificates, ranging from Msc, MA to MBA. Out of this number, 284,149 and 23,742 are fully employed and unemployed respectively, while 95,769 are not engaged in any work-related activities.
Exhibit 1: Labour Statistics by Gender and Employment Categories
Source: NBS, 2020; Infoprations Analysis, 2020
Programmes Standardisation
Looking at the statistics of the PhD holders, it is startling that over 17,000 cannot be engaged fully despite the years of doing PhD programmes in Nigeria. And, the expectation that candidates must conduct research on a specific topic that provide substantial contributions to societal problems. While researching for possible factors, our analyst found that Nigerian universities with PhD programmes are experiencing a number of problems. These problems range from poor funding to lack of total commitment to supervision by supervisors. In a recent report about the PhD programmes in the sub-Saharan Africa, it was pointed out that there is inconsistency in the capacity of the institutions to produce PhD graduates. “In all the countries, the PhD is typically structured on the doctorate-by-research model, (rather than the ‘taught doctorate’ model used in North America). A salient feature in each country context was the challenge of adequate supervision, whether in terms of finding a suitable supervisor with relevant expertise, or frequency and quality of supervisory meetings.”
From these insights, it could be gleaned that Nigeria will continue to have a number of PhD holders without full work engagement if urgent actions are not taken. It is time that the government and concerned stakeholders work out the new playbook for PhD programmes across the country. Nigerian universities need to produce PhD graduates that will not only work in the academic institutions. They candidates should be walked through how to be more inclined with the industry’s needs and solutions.
Career Roadmap
At least, a PhD candidate is expected to be on the programme for 3 to 6 years. Therefore, there is a need to ask every candidate fundamental question of what is his or her career plan. It is the belief of the society that pursuing a PhD programme means the person will work in the University. It is high time will correct this impression. To the best of our analyst’s knowledge, industries need PhD holders too, especially in the areas of building models that solve practical problems using theoretical and empirical means.
Any PhD candidate who does not have a career plan should know that he or she is walking in the darkness. A career plan will go in a long way of setting path for being early career researchers either in the University or industry. Apart from this, having a career plan that incorporates the possibility of turning the PhD research thesis into concrete solutions can make PhD candidates innovators for the Nigerian society. Therefore, it would not be out of the programme context if the institutions ask the candidates to submit their career plan as part of the requirements for admission.
Tecno continues to plot its playbook for Nigeria and Africa. Transsion, the parent of Tecno, Itel and Infinix, continues to unlock values for the African continent. The new Tecno Spark Go 2020 promises to be amazing.
Tecno Spark Go 2020 has been spotted in a Google Play Console listing hinting at some of the specifications of the phone. The listing, spotted by a known tipster, comes with the model number ‘TECNO-KE5′ and the name ‘Spark Go 2020′. It gives an idea of what we can expect from the phone in terms of the specifications. The listing also shows an image of the front of the unannounced phone and it appears to have a notch design for the selfie camera.
Tecno Spark Go 2020 specifications (expected)
The Tecno Spark Go 2020, as per the Google Play Console listing, will run on Android 10 out of the box. It is said to have a 720×1,600 pixels display with 320ppi pixel density. The Tecno Spark Go 2020 is listed to be powered by the quad-core MediaTek Helio A20 (MT6761D) SoC. The phone may come with 2GB of RAM. It also uses the PowerVR GE8300 GPU.
Coming to the image in the listing, it shows the Tecno Spark Go 2020 will have slim bezels on the side, a thick chin, and a small notch for the selfie camera. The volume rocker and the power button seem to be on the right side of the phone.
As of now, the company has not shared any information on the existence of the Tecno Spark Go 2020, or whatever it ends up being called.
Last month, Tecno released its Tecno Spark 6 Air smartphone and Minipod M1 single-ear wireless earbud in India. The Tecno Spark 6 Air comes with a 7-inch HD+ Dot-Notch display and a quad-core MediaTek Helio A22 SoC, with 2GB of RAM. For storage, the phone comes with 32GB onboard with the ability to expand via microSD card. The Tecno Spark 6 Air has a triple rear camera setup and a massive 6,000mAh battery.
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Frequency Band: GSM 850/900/1800/1900 |WCDMA 900/2100 |FDD-LTE B1//3/7/20
Connectivity: WiFi 802.11 b/g/n Dual-SIM Bluetooth 4.1 3.5mm Headset Jack
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Camera: Rear: 5MPx ; Front: 2MPx
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GPS: Support and Durable 4G Smartphone
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