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Who Will Manufacture PPEs And Ventilators For Nigeria/Africa?

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As part of measures to curtail the spread of the coronavirus, the United States has further imposed social distancing measures to be in place until 30th April 2020, according to the Washington post. In the United Kingdom, it is being reported that lock down could be in place until June 2020. Currently, three cities in Nigeria (Lagos, Ogun and Abuja) are in lock down. South Africa is currently on lock down for 21 days.

The world owes a huge gratitude to health care workers, at the front line of this pandemic. From New York, Milan, London, to Madrid, health care workers have constantly complained about the lack of preparedness and shortage of health care equipment e.g. Personal Protective Equipment (PPE) to protect themselves, ventilators for patients etc. In fact, CNN reported that health care workers account for 50% of confirmed cases in Spain.

There is clearly a shortage of PPEs and ventilators world-wide. This has triggered various responses from various Governments worldwide. In the UK, the British Government has asked Dyson, a British firm, to reverse engineer and produce ventilators for use within the UK and hopefully Europe. In the United States, General Electric (GE) has been called upon to manufacture ventilators and other health care equipment needed to save lives and reduce the spread of the virus. President Trump has further invoked federal laws to compel automakers to manufacture some of the highly demanded equipment. Now, Ford, 3M, GE etc. are racing to build respirators, ventilators, face shields etc. to help health care workers fight the pandemic.

The number of confirmed cases in Africa is steadily increasing. The number of confirmed cases in Nigeria has risen to 111, as of 30th March 2020. In response to the pandemic in Nigeria, donations and donations are being pledged and being mobilised to help curtail the spread. We must highly commend the efforts of the private sector to rally around and come up with the financial resources which will prove very beneficial in these distressing times. These efforts are being led by none other than the richest man in Africa, Aliko Dangote, in close partnership with Access Bank and other well-meaning private sector companies in a coalition dubbed the ‘Nigeria Private Sector Coalition against COVID -19’.

However, will the financial resource suffice? I am of the opinion that we may need more than financial resources but the financial resources will no doubt help curtail the spread. As the number of cases increases, the need for PPEs and other medical equipment will increase. And as you probably figured out, dyson will probably not sell ventilators to Nigeria/ Africa now, when there is a great need for such in its home country? Neither will GE? Who then will manufacture PPE & Ventilators for use in Nigeria/Africa?

Would it be possible for local engineering companies like Innoson Motors to partner with Dangote or General Electric (GE) Nigeria to look into reverse engineering of some of these products for use in Nigeria/Africa? Are there indigenous engineering South African companies who could help in the production of some of these products? Can we get engineers from Aba etc. to reverse engineer some of these products for use? Of course, these products should be tested to ensure they are safe before use.

The Government could equally make a call for innovation, calling all innovators or engineers who could locally produce face masks, alcohol sanitizers, PPEs, ventilators etc. to send in submissions of such ideas. Pictures and videos of such products could be sent for submission, now that we are all online.

Nigeria/Africa, now is the time to look for solutions to our problems. No one will come to our rescue soon, as most countries are battling to contain the spread within their shores. It is not the time to panic but to apply ourselves creatively and innovatively. After all, necessity is the mother of invention.

Intellectuals in Nigeria/Africa, now is the time to get creative and innovative. Even though schools are shut, let’s think of innovative and creative ways to help curtail the spread of the virus.

Let’s equally share stories and news of those who may be able to assist with their creativity rather than sharing depressing news.

Let’s stay safe.

When this is all over, we must learn important lessons and look at ways of developing indigenous technical and engineering capabilities.

Zoom Is Soaring – But For How Long?

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Zoom

As social distancing becomes the order of the day as part of efforts to minimize the spread of coronavirus pandemic, people are seeking ways to keep their businesses, friendship and family life intact. Online tools have offered platforms of interactions that guarantee wide distances between people and yet fulfilling meetings, bonding and association.

Among all the apps offering teleconference related services, Zoom has become a popular choice. As more people seek virtual alternatives to their deprived freedom to meet and interact, Zoom has become a darling option because it gives users better choices than other apps offering virtual conferencing services.

Though Apple’s Facetime is popular, Zoom is currently ranking above it in the iOS store, according to the data from analytic company App Annie. It has been gaining more users at the wake of the outbreak of coronavirus and that has shot its market value up. The stock sells for 58 times revenue, compared to a price-to-sales ratio of 8 for Microsoft, and has been gaining since February while other stocks are plummeting.

In 2020, Zoom Video Communication has soared over 85%, and has become a top choice for investors who are looking for a safe haven from the coronavirus storm. In February, the teleconference company’s stock upped 45% to maintain stable growth while other stocks plunged. On Thursday last week, the ZM stock went up another 7% to close regular trading at $125.00 a share.

The company’s Q4 revenue jumped 78% with 2019 sales up 88% to $622.7 million. According to data published by Nasdaq, Zoom’s adjusted quarterly earnings of $0.15 a share trampled the $0.08 estimated by the market, and has now blown away Nasdaq projection by an average of 340% in the trailing four quarters.

Also, its full fiscal year operating cash flow skyrocketed close to 200% to $151.9 million, as its client base expands. Zoom ended the year 2019, with about 82,000 clients and with more than 10 employees, a 61% increase from 2018. The company said 641 customers contributed more than $100,000 in trailing 12 months revenue which marked an 86% surge.

The unprecedented growth has come as a result of many using Zoom for weddings, bar mitzvahs and mediation sessions. As schools closed, teachers and students turned to Zoom for classes and so did many others who needed to stay in business. Many others use it to make parties and virtually stay in touch with family and friends.

But Zoom won people’s hearts for some peculiar reasons that many other players in the teleconference business can’t give.

“The usability and the reliability of Zoom is what has led to this incredible adoption, combined with honesty, the generosity of Eric and his willingness to open it up especially to schools,” Zoom CFO Kelly Steckelberg told CNBC.

Zoom founder and CEO Eric Yuan received a lot of applause for altering the original design that gives free service only to 100 participants for 40 minutes. Schools and organizations have cashed in on the adjustment that has allowed thousands of people to hook into conferences running far beyond 40 minutes free of charge. The gesture was seen as part of efforts by the company to help people in the face of COVID-19, pandemic, and has spurred thousands of users to download the app. Over 90% downloads between February and March.

Moreover, Zoom is available for Android and laptops, unlike its rival, Facetime that is exclusive to iOS and available only to iPhone users. Zoom has other features that include the ability to upload pictures or videos to create a virtual background. That feature has been notably fun and enticing that other companies like Microsoft said they are going to copy it in its Teams service.

However, as Zoom keeps soaring even in the face of fierce competition with popular names like GoToMeeting and Skype as well as Google Hangouts and Microsoft Teams, many are still worried that its pace may be forced to slow down at the end of the coronavirus pandemic.

But Nasdaq estimated that Zoom’s 2021 full-year fiscal revenue will hit between $905 million to $915.o million, which overrides the pre-earning estimate of $854.6 million. The high-end would represent 47% growth from 2020.

Zoom’s video is also expected to crush the current estimate of $0.27 per share to hit between $0.42 and $0.45 per share, and would mark a 29% jump from 2020, on the high side.

Stifel analysts told clients: “The global coronavirus epidemic will undoubtedly drive awareness and adoption of the company’s video conferencing platform, and we expect this environment to further enable the company to post industry-leading growth rates.”

Before now, climate advocates and those who see automobile emission as an environmental threat and have tried to cut their movement by holding meetings and conferences online, have been instrumental to Zoom’s market performance, as the company has established an edge over others and manages to keep all those who get on board. It is believed that post-coronavirus will yield the same result; Zoom is likely going to introduce more enticements to help its lovers to stay in love.

Covid-19 – An Interview with Abideen Olasupo, Team Lead, KnowCovid-19 Nigeria

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Editor’s Notes: The thoughts in this piece emerged from the interview conducted with Abideen Olasupo, Co-Founder and Team Lead, KnowCovid-19 Nigeria. KnowCovid-19 is researching and analysing issues and needs on the virus and disseminate the outcomes to Nigerians and other nationals throughout the world using digital content distribution.

Tekedia: Covid-19 is not new to people and businesses since December 2019. Various efforts have been taken and still being initiated to contain the spread of the virus. What is your view on the efforts thus far?

Abideen Olasupo: While I commend all governments for fighting the demons that has been keeping us all at home. I must emphasise that some leaders started very late. If they had taken proactive steps earlier and face the virus like a war; maybe the casualties would have been lesser. We can do better by making testing kits readily available for a whole lot of people to get tested. Maintaining social distancing and locking down states alone won’t solve the problem.

As a social entrepreneur, how would you describe the social measures of the Nigerian government at federal and state level?

Sincerely, it may be too early to comment on this. While almost all states announcing lock down (full and partial) already announced palliatives, the implementation of such palliatives will really go a long way in achieving the goals. Will it get to the grassroots, where it is mostly needed? Will People with Disability get them? Will it not be politicized? Will an individual not take more than what he or she should take. While the pandemic requires serious attention, one would have expected the government to kickstart palliatives since last week before declaring total lockdown.

For the past few weeks, you and other groups of Nigerians have been researching and disseminating data driven information on the virus. What prompts this? What do you intend to gain?

The fight against COVID-19 isn’t just a fight against the pandemic, but also a war against what has been described as an ‘infodemic’, that is, the spread of fake news and disinformation about the virus. There are several anxiety-triggering, fear-inducing and scary information being circulated on and off social media platforms. Despite over 80,000 recoveries being recorded globally, there is more focus on the deaths, and the patients health practitioners are unable to save. There is little information about medical testing and successes recorded so far, some of which are China closing its last COVID-19 hospitals, and global recoveries. Knowcovid19.ng(soon to be launched officially later today) is solving the problem of fake information and misinformation around Covid19, inaccessibility of information by people at the grassroots, and ensuring timely conveyance of information, awareness and safety precaution, test centre and clinic location, reportage of case, matrix mapping and contact tracing using data, technology and infographics.

Would you say global leaders and other concerned stakeholders need big data to fight the spread of the virus amidst spread of misinformation about the virus?

Capital YES. We need to fight this global war with every available tool. Big data, machine learning, and artificial intelligence must be deployed in the global effort against this virus. Researchers around the world are using machine learning to develop models that simulate and predict the spread of the virus in an attempt to identify patterns that might reveal the weaknesses and dangers of this pandemic. Vaccine development is now the hottest and most critical task worldwide. Bioinformatic tools are boosting the efficiency of what may well be the fastest vaccine development process in history. Without collaborative tools and big data, this would be an impossible task. Epidemiologists in South Korea, China, and Singapore are using real-time tracking tools to better understand the virus and slow the spread of disease. We are also mapping, tracking, reporting cases in Nigeria through Knowcovid19.

Redesigning and producing impactful contents require funds, how are you getting funds for daily operations?

Sincerely, I have been self-funding since last week. We were lucky to get committed volunteers who are passionate to join the initiative and commit their time, money, research skills and knowledge, Internet and alternative power supply to get things done. Our website is still pending owing to funding. We have not started work on our Mobile App. We need funding to give relief materials and as well support our volunteers research work. We are calling on individuals and corporate organisations to support us.

Lagos Temporary Food Market: Equal Distribution Equates Inclusiveness

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As Lagos State Government continues execution of its strategies and programmes for the effective containment of COVID-19, Nigerians have called on the state governor, Mr Sanwo-Olu Babajide and other government officials in charge of the temporary food market distribution to ensure equal distribution of the market in the state.

This was gleaned from the analysis of 25 people’s views expressed on the programme by Knowcovid-19 Nigeria, a group of volunteers working on analysis and presentation of issues and needs on the virus using a data-driven approach. 

It would be recalled that Governor Babajide Sanwo-Olu directed that some school grounds in the state should be used as temporary markets as part of measures to curb the spread of Coronavirus (COVID-19). According to Prince Gbolahan Lawal, the Commissioner for Agriculture, “the markets were set up to provide Lagosians access to food supplies during this restriction period in order to prevent panic buying after the directive that all markets and stores trading in non-essential commodities be closed.” 

Lawal outlined the Local Governments where the food and agricultural markets would be set up; Mushin, Alimosho, Surulere, Ikeja, Apapa, Lagos Mainland, Eti-Osa, Surulere and Ifako-Ijaiye Local Governments.

According to him, the schools identified for food and agricultural markets are – Bishop Aggrey Primary School, Ilasamaja; Ajenifuja Primary School, Ilupeju, Mushin; Papa Ajao Primary School, Ladipo Street, Mushin; Akin Ogun Primary School, Mosan; Meiran Community Primary School, Meiran; and Animashaun Primary School, Ijeshatedo off Omilani Street, Surulere.

Others are Ikeja Primary School, Ikeja; Opebi Primary School, Opebi, Ikeja; Anglican Primary School, Marine Beach, Apapa; St. Jude’s Primary School, Ebute- Metta; St. George’s Boys Primary School, Falomo; Community Grammar School, Adelabu, Surulere; Obele Secondary School, Adelabu, Surulere; Fagba Junior Grammar School, Ifako-Ijaiye; and Stadium High School, Ifako.

Reacting to the programme, one of the people who commented on the state government’s official Facebook page notes that “densely populated areas like Ejigbo, Ikotun, Ijegun, Igando, Idimu and Egbeda should be a priority.” Another follower asked What happens to Egbe Idimu if you can’t cover all the areas you don’t need to announce the Market.” He notes further that the market should be located in two schools in  each Local Council Development Authority. 

In a speech after President Muhammadu Buhari’s national broadcast, Governor Babajide Sanwo-Olu stresses his government’s commitment to address “the hitches noticed in the distribution of the food package so as to make the exercise healthier and more dignifying.”

The Capitalist, A Talented Magician

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He was a magician – he made tons of money for investors through dividends and share buyback. His total yearly compensation was excess of $20 million. This man believed that some of his staff could just be fine with minimum wage, but he deserved all the tonnage of digital benjamins that were hitting his bank account. 

Then Coronavirus hit, unfortunately, and suddenly, this magician is asking for a bailout from the government. Yes, the man who had expected working mothers of three to support their lives on minimum wage, now thinks that the American people should save the company he leads! Interestingly, his wish is on track; the $2 trillion stimulus package makes it a near-certainty.

You see the irony?The company is on its own minimum now, but instead of him dealing with it the way minimum wage workers have been struggling-out over ages, this capitalist believes that the government must come and help the company.

Covid-19 is bad – no debate on that. But our world must not forget in a hurry what is happening with these overpaid human magicians who think they are special, and must be paid with all the cash truckloads in the company, even when their workers are on government food stamps.

It is painful that a man who is paid excess of $22 million does not have the talent to save his company, rain or sunshine. I get it – getting the government involved is part of his magical leverageable capabilities! Yet, that was a bailout – and I am hoping he bails out his minimum wage workers when sunshine returns, post Covid-19.

Just imagine if he had gone with $7 million, on peacetime, giving his comrades opportunities to rise further at better pay. But no way, the capitalist magicians cannot be traded below market value!

Why do we privatize success but quickly socialize (nationalize) problems when bad things happen? Of course, this is not to say that Covid-19 is not very unfortunate; I support bailouts to companies. Yet, the world needs to use this vehicle to bring common sense on compensations and the disparities between CEOs and low-level workers.