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The Amazing Innovators At FutureScope Academy

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These young people will do well. They jointly wrote us for our edition 2, asking for support to attend Tekedia Mini-MBA. There was no way any person could refuse an offer from many students, jointly writing, to have an opportunity to attend your course. We have tracked how they are developing, and they are impressive. Tekedia Institute is proud to support the amazing young people in FutureScope Academy. Last week, the course on AI developed by Microsoft business leader, Wale Olokodana, was opened for a secondary school which asked for access. If your school needs support, let us know. Our programs are delivered by business leaders and they bring practical elements that truly help learners.

Good morning Tekedia,

It has been a wonderful time of learning and innovative mind-blowing exposure to solving identified problems and converting values for means of exchange. Tekedia has been so helpful and worthwhile. With this, FutureScope Academy decided to include two more students, because we want them to have this same learning curve and experience that will help them turn innovative in their quest of being problem solvers in the society.

We are forever indebted to Tekedia for giving our students the  opportunity to enjoy world class learning. Thank you for putting value ahead of money. We believe the favour you granted us to be knowledgeable, informed, “change agents” in the society will come back to lift our great nation up and make Tekedia proud.

FutureScope Academy

Download: Lagos State Guidelines for Online Hailing Business Operation of Taxi, 2020

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Download the full document – Guidelines for Online Hailing Business Operation of Taxi in Lagos State, 2020 (PDF). We received the complete document and are happy to share with the community. From TC Daily, a good summary below:

Come August 20, Guideline for On-Line Hailing Business Operation of Taxi in Lagos will come into effect. It is the Lagos State government’s approach towards regulating the ride-hailing sector in the commercial city and has been the cause of concern since last year when its existence was first hinted at. Both motorcycle and taxi operators have been at regulatory loggerheads with the state government since 2018. In January, the state government announced the ban of motorcycles, including the tech-enabled operators, from major areas in the state to the outrage of users and the operators. There was a peaceful march afterwards to protest the ruling. As was speculated then, the law now mandates operators to acquire a provisional license at N10 million (about US$26,000) per 1,000 vehicles or less; N25 million (US$65,000) for a fleet above 1,000 and renew annually at N5 million and N10 million respectively. The state government is also asking for a 10% service tax on every ride the operators complete (Source: TC Daily)

 

e-HAILING TAXI OPERATION

4.1       TAXI/OPERATOR’S DOCUMENTATION

  1. Service Entity Permit Provisional Licence Application/Renewal

No entity shall operate as a Support Entity in Lagos State without first having obtained a Support Entity Permit from the Licencing Authority.

  1. The Service Entity Permit must apply for Operator’s Provisional Licence prior to operation and a payable fee of ?10,000,000.00 (Ten Million Naira only) for 1000 (One Thousand) units of E-hailing
  2. The Service Entity Permit must apply for Operator’s Provisional Licence prior to operation and a payable fee of ?25,000,000.00 (Twenty-Five Million Naira only) for 1001 and above (One Thousand and One above) units of e-Hailing
  • The Service Entity Permit Provisional Licence is subject to annual renewal with a renewable fee of ?5,000,000.00 (Five Million Naira only) for every 1000 (One Thousand) unit of E-Hailing
  1. The Service Entity Permit Provisional Licence is subject to annual renewal with a renewable fee of ?10,000,000.00 (Ten Million Naira only) for every 1001 and above (One Thousand and One above) unit of E-Hailing
  2. All Operators of e-Hailing Taxi Services must pay the State Government 10% Service tax on each transaction paid by the passengers to the operators.
  3. The Service Entity Permit must commence the renewal process 3 (Three) months before expiration of the existing
  • The Service Entity Permit must have a quarterly meeting with the Ministry of Transportation for Operational updates and
  • The Service Entity Permit must operator under a particular franchise as no single operator/operation will be
  1. On payment of the permit fee, the Licensing Authority shall issue a Support Entity Permit to the
  2. All Operators of e-hailing taxi services must give the Ministry access to their database.
  3. All Operators of e-hailing taxi services must abide to rules and regulation guiding Lagos State Public Transportation System.

The Lagos’ 10% Service Tax on Uber, Bolt, etc with up to N25 Million License Fee

He Has TWO Job Offers

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He has two job offers

“I studied the innovation flowchart one of the participants developed for DSTV and the digital transformation process designed for a laundry business, then designed for a logistics coy and inventory software coy.

The good news is that it has put me in front of both CEOs and I have two job offers on my table- one as a Business Development Manager and the other as the Operations Manager.” Tekedia Mini-MBA Member

Leaders are looking for innovation makers for their companies. Tekedia Mini-MBA is educating young people on the mechanics of innovation and business growth. One young man just shared via Linkedin that he has two job offers, and he is going for one. Our strategy remains: companies do not necessarily care about your degrees these days, they want to see what you can do. If you go through our process, you would be transformed, and be ready to win. That is our promise.

Walk into that interview room, and drop a playbook for that company. Explain to them how a future of digital and broad innovation can unlock growth. Put into practice our courses and see that Offer letter with your name.

Join the largest management training school in Africa right now. Most others are locked down or on strike, our members are creating the future.

The Grand Unification of Digital Payment – Facebook Financial

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Facebook has unveiled a new playbook that could become the most disruptive in the digital global economy: Facebook Financial. Sure, there is nothing new about Facebook trying to become your payment company. But what is new here is that Facebook has created a new division to take care of all things digital payments. This new division “will run all payments projects, including Facebook Pay,” concatenating across its ecosystems of Facebook, Messenger, WhatsApp and Instagram.

Now, you can send money to friends and family via Facebook Pay and also pay for goods and services via Facebook Pay. Simply, when you are in the Facebook Inc ecosystem, you do not need to leave, for PayPal, Stripe, etc, to pay for things. This paytech completes a key piece Facebook needs for its ecommerce business; the logistics component remains.

Keeping Facebook users inside those apps for payments, rather than having them slip out to use Apple Pay, Google Pay, Venmo, PayPal, Zelle, or other digital currency platforms, will help the company’s advertising bottom line. “As payments grow across Messenger and WhatsApp, and as we’re able to roll that out in more places, I think that that will only grow as a trend,” Facebook CEO Mark Zuckerberg said on the company’s latest earnings call, according to MarketWatch.

The Novi unit and Facebook’s embattled Libra cryptocurrency will fall under the Facebook Financial umbrella. Facebook has had to shift plans for Libra after months of regulatory pressure and financial partners bailing on the effort.

Technically, Facebook Inc can do anything it wants to do because it is now a big planet of more than 4 billion people across its ecosystems. It has the demand in a world of unbounded supply, giving it the edge to create and launch these new products easily. The person who controls demand (the users) is in a greater position than one who creates supply, in the web economy.

As a global leading ICT utility, I expect Facebook Pay to support the integration and interface of largely consumer payment, and as it does that, more digital commerce will move to Facebook. This company has a Multi Play strategy, well ahead of the double play. Yes, if advertisers want to revolt, its “tax” on payment transactions will keep adding the digits for Facebook shareholders.

Joe Biden Picks Kamala Harris As a Running Mate

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Democratic presidential candidate Joe Biden has picked Kamala Harris as his running mate. A move meant to bridge the divide heating up the American political space and beyond for some time now.

“I’ve decided that Kamala Harris is the best person to help me take this fight to Donald Trump and Mike Pence and then to lead this nation starting in January 2021,” Biden wrote.

Harris is a California Senator who contested the primaries against Biden, the nomination will make her the first Black South Asian American woman to run on a major political party’s presidential ticket.

Biden had promised to run with a woman and chose Harris, 55 to appeal to many voters who are concerned about his age. The choice of Harris serves other purposes that include closing the gender disparity in the American presidential system and tuning down the racial tension that has risen disproportionately in the last few years.

The California Senator is the third woman to serve as a vice presidential candidate for a major political party in the United States, after Geraldine Ferraro who was chosen in 1984 as the Democratic vice president and in 2008, Sarah Palin, who was picked by Republican presidential candidate Mitt Romney.

Former president Barack Obama said Biden ‘nailed this decision’ choosing Harris who is ‘more than prepared’ for the job.

“Joe Biden nailed this decision. By choosing senator Kamala Harris as America’s next vice president, he’s underscored his own judgment and character,” Obama wrote in a statement. “Reality shows us that these attributes are not optional in a president. They’re requirements of the job. And now Joe has an ideal partner to help him tackle the very real challenges America faces right now and in the years ahead.”

Sources told CNN that Harris was confidentially chosen from a bevy of women that included California Rep. Karen Bass, the chairwoman of the Congressional Black Caucus, Georgia Democrat Stacey Abrams, Illinois Sen. Tammy Warren, New Mexico Gov. Michelle Lujan Grisham as well as Florida Re. Val Demings.

Harris is the first South Asian-American woman and second Black woman in history to serve in the US Senate. Having an Indian mother and a Jamaican father, she grew up in Oakland California and attended the historical Black college Howard University and the University of California, Hastings College of the Law.

She started her law career at the Alameda County District Attorney’s Office and in 1998, moved to the San Francisco District Attorney’s Office. Her law career got to a prominent point in 2010, when she became the first woman and the first African-American elected to serve as attorney general for the state of California.

However, Harris has come as a surprise pick to many following her attack on Biden during the Democratic primaries in June 2019, where she fiercely criticized Biden’s work with segregationist senators and mentioned his fight of decades ago against busing to desegregate.

Against the pushback from many of his loyalists, Biden, preached the forgiveness message and urged everyone to move on. He highlighted Harris’ works as an attorney as part of the reason she was chosen for the job of a vice president.

“Back when Kamala was Attorney general, she worked closely with Beau. I watched as they took on the big banks, lifted up working people, and protected women and kids from abuse. I was proud then, and I’m proud now to have her as my partner in this campaign,” he said.

Harris highlighted her move on the big banks as part of her greatest achievements as the attorney general of the state of California, pursuing predatory lenders after the financial crash of 2008, which led to larger settlements of $20 billion from the big banks for Californians after the foreclosure crisis.

CNN reported that her fight against racial injustice came from what she called “a stroller-eye view” of activism from a very young age. Harris’ mother, Shyamala Gopalan Harris, a breast cancer specialist and her father, Donald Harris, who became an economics professor at Stanford, were part of the Civil Rights Movement protest, there, she said she had the elementary lessons of activism that has made her part of the campaign against racial injustice.

The spouses of Biden and Harris, Jill Biden and Emhoff tweeted at each other on Twitter following the news of her nomination.

A barrage of well wishes has followed since then, especially by #winwithblackwomen movement.

Biden 77, made a strategic choice nominating Harris. The Washington Post reported the significance of Black women in US polls despite making up just 7% of the population. They have voted at higher rates than other racial groups at about 60% in the past five presidential cycles. The report noted also that they are loyal to the Democratic Party with 94% voting for Hillary Clinton in 2016.

Harris in a tweet on Tuesday thanked Biden for choosing her while expressing confidence in his ability to unify the American people.

“Joe Biden can unify the American people because he’s spent his life fighting for us,” she tweeted. “And as president, he’ll build an America that lives up to our ideals.”

“I’m honored to join him as our party’s nominee for vice President, and do what it takes to make him our commander-in-Chief.”