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Home Blog Page 6260

Nigerian Lifts Inter-state Lockdown, Reopens Some Schools

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The Federal Government of Nigerian has announced the lifting of the inter-state lockdown. The announcement was made by the Secretary to the State Government (SGF), Boss Mustafa, after president Buhari was briefed by the Presidential Task Force (PTF), on the progress the country has made in its fight against COVID-19 so far. The new directive will take effect from July 1st, 2020, in accordance with the curfew restrictions.

The SGF also said that the eased lockdown has been extended by another four weeks, which will take effect from June 30 through July 27, 2020.

Also, the directive gives schools the permission to carry out skeletal function for graduating students of primary and secondary schools. The students given the permission to resume school activities are primary 6 students who are to write Common Entrance Examination, Junior Secondary School 3 and Senior Secondary School 3 students.

Mustapha said that schools will open only on the condition that every cautionary protocol, including wearing of masks and social distancing will be followed.

The National Coordinator of Presidential Task Force, Sani Aliyu, added that all other school activities in Nigeria remain closed until further notice.

“For educational activities, all daycares and primary schools to remain closed till further evaluation.

“Schools are encouraged to continue with e-learning and visual teachings, but pupils may proceed to take the National Common Entrance as soon as it’s feasible, provided there is compliance with issued non-pharmaceutical interventions.

“For secondary and tertiary institutions, all schools to remain closed till further evaluation.

“Arrangement is to be made for exiting graduation students in JSS3 and SSS3 to resume at both boarding and day schools as soon as possible for intensive revision exercises.

“All educational establishments are to conduct exhaustive reviews to ensure compliance with the issued guidelines on COVID-19 before they open up for this purpose. Just to clarify, they will open up only for the purpose of exiting students.

“Arrangement is to be made for students taking part in the NABTEB exam, WAEC, exam, NECO exam respectively. All schools must comply with the six recommended steps to be issued by the Federal Ministry of Education before an institution is reopened in the timeline to be provided,” he said.

However, many said that reopening of schools in any kind of way now is premature, and are worried it would expose students to the virus as most of the schools fall short of the needed facilities that will ensure safety.

The Academic Staff Union of Universities (ASUU) said on Monday that the federal government’s plan to reopen the schools is suicidal. ASUU National President, Prof. Biodun Ogunyemi, said the government needs to provide the ideal environment and meet the conditions spelt out by the Nigeria Center for Disease Control (NCDC) before schools could be reopened across the country.

“The Federal Government must lead and show the ways by meeting the conditions for reopening of schools before any school can be allowed to open because COVID-19 pandemic is a health challenge.

“When it comes to public health, it is something that should not be left in the hands of individuals but the Federal Government must take the lead,” he said.

The conditions for reopening schools include the provision of materials for regular hand washing, provision of facemasks, isolation spaces, hand sanitizers and PPEs. According to the ASUU president, most government owned schools lack the capacity to provide these materials, making it difficult for the schools to make safety measures practical.

It could be recalled that lack of PPEs in the hospitals for frontline medical workers, was among the reasons Nigerian doctors went on strike earlier in the month. Many believe that if the government finds it difficult to provide protective equipment for frontline workers, students will not be an exception.

Prof. Ogunyemi said: “It is suicidal to reopen schools now if the Federal Government itself could not meet the conditions spelt out by the NCDC and the World Health Organization. The nation will expose innocent children to avoidable risks.”

Schools in Nigeria have been closed since March, and the federal government’s eagerness to get students back to school has been frontal. But the risk involved is alarming as the number of cases in Nigeria has continued to increase.

As of June 30, 2020, Nigeria has recorded 25,133 confirmed cases resulting in 573 deaths. Given the low testing capacity of the NCDC, it is believed that there are more infected people than are recorded, and opening of schools now, however, will be disastrous.

Learn Personal Finance and Wealth Management in Tekedia Mini-MBA

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He was just recognized by Global CFO Excellence Awards as his industry’s Most Innovative CFO in Nigeria. An Economics graduate of the University of Maiduguri and a chartered accountant, Japheth Jev, ACMA, CGMA, ACA, CFA Level III will lead a session on “Personal Finance and Wealth Management” in Tekedia Mini-MBA. That topic is a very important one: there is an edge that comes in life when you know what to do with money! JOIN us and master money.

 

The New Normal of Vertical Integration in Tech Sector

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They taught us in economics that companies have to specialize and build core competencies.  They need to do things really well and be the best possible in the specific domains. But today, things go a little more. For technology companies, everyone is doing everything, even at a top-level. Alphabet, Google parent company, is a car company, a search company, a medical company, an advertising juggernaut, etc. Amazon is an e-commerce firm, a publisher, a movie producer, a drone maker, and a car maker (with expected closure on Zoox acquisition).

What is happening is the efficiencies in technology firms: you have this massive fixed cost investment, and once that is done, you can keep adding things on top of it. So, unlike in the old industrial age empires, one core technology can be re-used across many sectors. Due to that possibility, most times, it does not make sense outsourcing those extra services.

The big news is that Apple will make its Mac chips, taking the business from Intel. You may wonder why do that? Technically, Apple has been making chips for the iPhone and it has done the core investments in chip making. Those investments include CAD, testing, FA/QA systems, etc. So, bringing the chip design for Mac in-house is never going to be the same as someone who is just starting a chip business.

Of course, this is not to say that Apple will start growing carrots to supply restaurants. My point is that vertical integration – “the combination in one company of two or more stages of production normally operated by separate companies”-  has become easy in markets and anytime you are serving customers, there is a possibility you can be disintermediated. So, be prepared to avoid surprises in your company.

Ndubuisi Ekekwe To Deliver Opening Remarks at Founders Institute Lagos Graduation

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On Saturday, I will deliver the Opening Remarks at the  Founders Institute Lagos 2020 Graduation (Velocity Mini) for Cohort II. I want to congratulate all the young men and women who have gone through FI programs, and would now be going into the Nigerian markets to fix market frictions.

The Founder Institute is an early-stage startup accelerator and global launch network that helps entrepreneurs create meaningful and enduring technology companies.

My theme is Winning in Uncertain Times

Date: Saturday, 4th of July 2020 by 12.00pm (GMT +1)

Gentlemen and Ladies, go and build a BETTER Nigeria. See you on Saturday, virtually.

Nigeria’s Innovation on Revenue Collection

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Nigeria continues to innovate on how to collect fees and taxes from citizens and corporations. I wish we are that aggressive on improving business systems, environments and expanding the economy. The technologies to help on revenue collections have advanced well ahead than those needed by firms to innovate and improve productivity.

The processes involved in land deeds, Certificate of Occupancy, etc have not seen dramatic improvements in years. But daily, we are advancing how to “COLLECT process”. Yes, Stamp Duty has its own website!

Just imagine if land owners in villages can do land sales on lands.gov.ng, improving velocity on land exchange, and in the process accelerate the mobility of that factor of production. If Nigeria does that, many will leave the poverty bracket, since most Nigerians share/own communal or family lands, with those lands having $0 in family balance sheets because they have no velocity.

With simple innovation, we can move that $0 to $5,000 and magically improve credit worthiness of people, enabling them to access finance to improve their lives.

Can the government innovate on that even as we do on stamp duty, fees & taxes?