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Home Blog Page 6270

Petrol Price Rises 16% In Nigeria

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Nigeria has increased the price of petrol: “Consumers of petrol in the country would pay a 16.4 per cent increase in the price of petrol for the month of July, the Petroleum Products Pricing Regulatory Agency (PPPRA) announced on Wednesday.” This makes sense though: if crude oil price goes up, petrol price should go up. Nigeria will get the normal equilibrium price for petrol in say two years when Dangote Refinery begins operations.

“After a review of the prevailing market fundamentals in the month of June, and considering marketers’ realistic operating costs as well as practicable, we (PPPRA) wish to advise a new PMS (premium motor spirit) pump price band of N140.80-N143.80 per litre for the month of July 2020 the new retail price band for premium motor spirit (PMS), popularly called petrol, for June 2020.

“Kindly note that the ex-depot price for collection includes the statutory charges of bridging fund, marine transportation average, National Transport Allowance (NTA) and administrative charge. All marketers are advised to operate within the indicative prices as advised by the PPPRA.”

Nigerians said they want FREE market pricing. That is it in action. We do hope if crude oil price drops that price of petrol will come down..

Meanwhile, there is a report that Nigeria is importing dirty fuel: “Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the Niger Delta is less polluting than the highly toxic diesel and petrol that Europe exports to Nigeria, The Guardian has reported, citing a new laboratory analysis.” And the Nigeria Labour Congress (NLC) is not accepting the new fuel price. Of course, they may want the nation to return back to the subsidy era.

The Nigeria Labour Congress (NLC) on Thursday rejected the new fuel price announced by the Petroleum Products Price Regulatory Agency (PPPRA) on Wednesday.

The labour movement through its president, Ayuba Wabba, asked the federal government to immediately return to the old fuel price of N121.50 per litre.

The NLC was reacting to the announcement in Abuja by the Executive Secretary of the PPPRA, Saidu Abdulkadir, of a new “retail price band advisory” of N140.80 and N143.80 per litre for petrol for the month of July, 2020.

 

NB: This piece has been updated.

Nigeria, Do Not Waste Money on Radio for Students, Deploy Beeptool Technologies

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A state in Nigeria  is sharing transistor radios to help students on the learning journey. Radios are not a good idea. How would the students master chemical equations, calculus, mechanics, etc? I do not see any real value audio offers without visuals when it comes to physical sciences and mathematics. 

At Beeptool, a portfolio startup, we have this technology that delivers good internet provided there is a TV signal in that location. And since most of these students live in places with TV signals, we will give them broadband.

Ladies and gentlemen, building things is a way of life. We can build up Nigeria. Portfolio company Beeptool under the leadership of John Enoh has completed the test of Integrated Satellite & TV Whitespace Wi-Fi Hotspot. Yes, we can deliver broadband services by taking advantage of “space” between TV signals. Simply, provided there is a TV signal in that place, you get the internet. It was a lot of engineering leadership.

Spend that money right – we are here to provide technical and engineering leadership. Tell your governor NOT to waste money on radios.

Portfolio Company Beeptool Completes Test of Integrated Satellite & TV Whitespace Wi-Fi Hotspot

 

Four Tekedia Mini-MBA Faculty for Exponential Technologies and Singularity

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Four Tekedia Mini-MBA Faculty members will lead our session on Exponential Technologies and Singularity. These members are coming from the Transdisciplinary Agora for Future Discussions, Inc (TAFFD), Georgia, USA. We reached out to them to help us develop lectures on singularity and the potential opportunities when machines become possibly smarter than humans! They are also examining exponential technologies. The key essence of this session is to help our community understand the possibilities of the future.

They have produced a comprehensive video series (more than 10 hours) with class notes. These materials are treasures in knowledge. TAFFD is a global leader in transhumanism and singularity.

During the week of July 13 of the session, a webinar would be scheduled to connect with the Faculty. It would be an interaction for the Tekedia Mini-MBA community to ask questions on exponential technologies, singularity and other big technology ideas.

If you have not registered for Tekedia Mini-MBA, do it now; REGISTER

Edward Hudgins, PhD
Chogwu Abdul, PhD
Gennady Stolyarov II
Brent Ellman

 

A Critical Analysis of the “Change Begins with Me” Campaign

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When APC members campaigned for the 2015 general election, they told Nigerians that they were coming to bring a change. People never really bothered asking what they wanted to change because Nigerians were tired of the hardships and the high level of corruption that existed in the country. So, people believed that the “change” APC promised was that they have plans to set up policies that will introduce positive growth and development in the country. Well, we know the rest.

When Nigerians started accusing the APC administration of failing to lead Nigerians to the Promised Land, something unexpected happened. On Thursday 8th September, 2016, President Muhammadu Buhari launched the national reorientation campaign tagged, “Change Begins with Me”. This campaign was geared towards reorienting Nigerians on whose responsibility it is to bring on the positive changes they crave for.

“Change Begins with Me” pointed it out to people that for changes to occur in any community, the inhabitants of that community must first change their attitudes. This is to say that if someone wants something done differently, he or she should start it off first. Hence, if Nigerians want “change”, they should be the change themselves.

The “Change Begins with Me” campaign stated that Nigerians should imbibe the culture of discipline, integrity, social justice, dignity of labour, religious tolerance, self-reliance, and patriotism. These are the core values that will ensure national growth and development. Funny enough, most of the problems Nigeria is facing today come from the lack of these values.

To say that Nigerians were disappointed by the launching of “Change Begins with Me” will be an understatement. This campaign was welcomed with a public outcry. People accused the administration of deceits. Nigerians felt cheated. They actually looked up to APC as the messiah and were, therefore, disappointed when they met what they didn’t expect. To them, Mr. President and his cabinet should go ahead and bring that El Dorado without tasking Nigerians.

Truth is, nobody wanted to be held responsible for the much needed change.

But if you objectively consider the “Change Begins with Me” campaign, you will find out that there is no way the country will change for the better if every citizen did not imbibe the core values that will bring that change. If one person is working to make the system better while another person is destroying it, trust me, nothing positive will come out of that effort. This is just to say that Nigerians should not expect the presidency to perform miracles when they, themselves, have not let go of the practices that affect growth and development.

The present agitations of Nigerians against tribalism, religious intolerance, corruption, and what have you, beg one to ask the question, “Whose fault is it?” Some people will be quick to say that the government is at fault without sitting back to check on themselves first. There are so many forms of hypocrisy that are happening in the country today. For instance, a Christian that believes every Muslim will go to Hellfire is still accusing Boko Haram of religious intolerance. The Muslim that says that people from other religions are infidels cries foul when a community says it has no place for mosques. The Igbo man from Abia State, that accuses the government of tribalism and favouritism, insists that no man from Anambra State will rent his apartment because Anambra people buy off their landlords’ properties.

If we check into corruption in the country, we may not leave here today. Sure, there is corruption in the high places just the same way it exists at the grassroots. That artisan that is lamenting bad governance has just bought inferior materials for his client despite quoting exorbitant prices for the original. That garri seller that is heaping curses on the people that are cheating the poor masses is measuring the garri he is selling at that moment with fake “cup” and “painters”. The civil servant that is reciting the litany of corruption levelled against his director is “sitting on” people’s files because they have not “seen him”. That woman in the village that is abusing senators for stealing from public coffers has just received a huge amount of money from his son that is still an apprentice; and that boy is building a house in the village.

Should we continue?

I have no intention of analysing the political performance of the incumbent administration because that will not bring the changes that we sort after. Nigerians should own up to the responsibility of bringing the change themselves. We all know where we’re lagging behind; all that is required of us is to drop whatever we’re doing that is affecting the nation negatively.

But then, the incumbent administration should do the right thing as well. If those at the grassroots make efforts while those of them up there maintain the negative status quo, the efforts of the masses will be in vain.

When we say, “Change Begins with Me”, we mean that everyone – male or female, old or young, rich or poor, high or low – is involved.

Nigerians Are Losing Interest in COVID-19 Containment and Management

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There is no doubt that the recent increase in the number of COVID-19 cases in some states has placed Nigeria as one of the top countries in Africa with the high rise of the pandemic. On several occasions, the Federal Government through the Presidential Task Force on the disease hinted that Nigerians and residents need to follow specific measures for the containment of the virus. The Nigeria Centre for Disease Control has also been sensitising the public about the severity of the virus.

In all, we have seen a number of positive and negative outcomes. While the measures are being implemented by people and businesses, we have seen how the cases reduced and recoveries picked up. This has been attributed to collective efforts exhibited by the concerned stakeholders. However, our analysis has indicated that a number of Nigerians are losing interest in total containment of the virus.

The weakening interest has been fueled with the yesterday (June 29, 2020) announcement of reopening of secondary schools across the country for some categories of students [see Exhibit 2]. This decision has been lauded and being criticised by stakeholders. People and businesses that aligned with the reopening of the schools want economy to return to its normal activities. Some believe that reopening schools would put students in danger and increase the spread of the disease.

“That means all these figures of infected person’s NCDC is brandishing every night is not real. How can we have a daily increase of covid-19 and FG is opening up everywhere,” one of Nigerians who reacted to the story, revealing government’s decision, said.

From the citizen’s position, our analyst notes that concerned stakeholders, especially the NCDC and Presidential Task Force on COVID-19 need to redouble their efforts on behavioural change programmes. This has become imperative when one looks at percent of interest reduction in people’s knowledge and information seeking about the virus within 24 hours of announcing reopening of schools and consideration of precision lockdown in 18 local government areas considered as epicentres of the disease since February, 2020 [see Exhibit 2 and 3].

Exhibit 1: Nigeria in Comparison with the World

Source: Wikipedia, 2020

Exhibit 2: Spikes in Lockdown, Covid-19 and School within 24 Hours

Source: Google Trends, 2020; Infoprations Analysis, 2020

Exhibit 3: Rising and Declining Interest in Lockdown within 24 Hours

Source: Google Trends, 2020; Infoprations Analysis, 2020