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Home Blog Page 6470

Sectors Booming Due To COVID-19

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The peril of coronavirus isn’t only the death of human persons, but also the death of some economic sectors. I am not an economist but I know that if this ailment spreads in Nigeria, a lot of economic sectors will suffer. One of such sectors is the food and beverage department (if there’s anything like that). It is certain that people that sell snacks and drinks will lose a lot of customers. Hoteliers and food vendors will be kicked out of business. Fruit sellers may have to close shops. Even the open market will dry up. Public places, where people converge, will be forced to close down so as to avoid the spread of this infection. In fact, should this virus be allowed to spread throughout this country, Nigeria will be an exact representation of Earth after Armageddon – deserted and destroyed – as Terminator II showed us.

But we hope this won’t happen, especially since scientists have been deployed in different parts of the world to find a cure, or a vaccine against COVID-19. But in the meantime, we need to take advantage of the situation because sometimes, it takes situations like the ones created by coronavirus to make disruptive changes.

Some people are actually benefiting from this disaster. Among these people are those in the health sector. Forbes revealed on its March 7, 2020 bulletin that 10 of China’s richest people gained nearly $14.46b within that week. However, the people they listed are mainly in the healthcare sector. News from different parts of the world has also shown that more healthcare workers have been recruited to help in managing the disease. This is a sign that this disaster is putting food on people’s table (especially for those in the medical field), irrespective of what it’s doing to other sectors of the economy.

Other people that might reap out of this epidemic (if I may call it that) are those in Hi-tech. If people are not going to converge in a place physically, they can do so virtually. As far as I know, coronavirus cannot prevent people from communicating through the internet. So that area needs to be harvested, especially in countries like Nigeria.

The use of technology in reaching out to many people at the same time is taking another dimension because it’s beginning to disrupt old practices. For instance, on Saturday, 7th March, 2020, the Vatican announced that Pope Francis’ Sunday’s Angelus prayer will be live-streamed to prevent people from converging at the front of the pontiff’s study window to say the prayer with him. This means that everybody will stay in his corner and say the prayer with the pope through his phone, tablet or laptop. This might be seen as nothing unless one considers the fact that the pope broke an 83-year old tradition in a bid to prevent more spread of the virus in Italy.

This Hi-Tech matter will be most vital when we consider the fact that conferences, games, shows, symposiums, and the rest of them might be cancelled because of this disease. People may not want to stay with others to avoid contracting the virus, but they’ll want to participate and watch these events. It might be odd, for example, to live stream a football match when the players and a few key officials were the only ones in the stadium, but desperate situations call for desperate measures. It is therefore left for those concerned to make it possible for people to enjoy the game from the comfort of their homes.

But the major one that might affect Nigeria very soon is the organisation of and attendance to conferences, workshops, meetings and seminars. For some reasons, Nigerian associations and event organisers are yet to create rooms for video conferences. The reason behind this is what someone like me cannot truly say, except that most of us lack the equipment that will aid video conferencing. But then, if the need comes up, Nigerians will see the reasons to acquire those facilities for virtual conferences. However, in a matter of weeks, several organisations and associations will hold their conferences, workshops and symposiums. In fact, academic conferences and seminars usually hold between April and October, so these months are going to see lots of activities for Hi-Tech professionals if they could meet up to the demand. The truth is that no one could tell if coronavirus would have spread by then or not. It is therefore necessary that those in Hi-Tech prepare themselves for the possible rise in demands of their services.

Remote work is on the increase with the spread of this virus. I read posts about people being asked to work from home because their employers didn’t want to expose them to the disease. Since there’s an increase in demand for work-from-home workers, Nigerians have better chances for across the border jobs that will pay them with stronger currencies.

Of course, if we talk about live streaming and remote works, we also talk about data consumption. Part of why it is difficult for Nigerians to engage in webinars and online conferences is the high cost of data. Should the telecom companies be encouraged to reduce the price of data, it will be easier for everyone to continue with their physical activities virtually.

Can NURTW Create a Bigger Transport Company Than Uber?

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Lagos Yellow Cab

So I was listening to the radio one morning on 90.1 FM and the chairman Abuja colored taxi drivers was complaining about the challenges they face because of unregistered taxis. Then he mentioned Uber being an unregistered company. Saying Uber drivers are unregistered and could be criminals.

According to him, they (Abuja colored taxis) have the data of all their taxis and drivers and no crime can be committed that won’t be traced (hence the Uber reference). He complained about Uber taking their customers (money) he totally forgot that Uber has the data of every single driver, their cars are preferred and only operate in certain areas not all round Abuja. Clearly he missed a point which is that there is a gap Uber is not filling that they the registered licensed government taxis can fill.

Even though NURTW has shown Hooliganism and citizens have remarked they should Be Banned, what is the future of NURTW if they really want to compete with the current e-Hailing trends, such as those of Uber?

The Opportunity

Recall that the National Union of Road Transport Workers is an independent Nigerian trade union that serves the interests of transport workers in the road transport sector, by calling for collective obtaining and pushing for social stability for all workers in the transport sector as defined in its constitution.

Their association should just create their own app, they already have more coverage (all round Abuja), they already have the data of drivers and owners. This is what organizations in Nigeria fail to see, they would rather do things the old way.

They have more reach than Uber, which is that their cars can go to satellite towns. All that is needed here is just an internet platform and a lot government support, which will be given because the government right now is forward thinking + government ads, who do you think the government would rather pick – One Oyinbo (foreign) company or their own indigenous NURTW?

You guessed right, NURTW! As Nigerians we need to step up and start having creative solutions. NURTW can also learn from other countries that have rival companies giving Uber a run for their money.

For example in Saudi Arabia, Uber is facing stiff competition from other ride sharing company called Careem. Careem is a vehicle for hire company based in Dubai, with operations in over 100 cities in 14 countries in the Middle East, Africa, and South Asia. The company was valued at over $2 billion as of 2018. It is a subsidiary of Uber, with an independent brand and separate operations.

Other rivals around the world are Bolt (Africa and Europe), Ola (India), Lyft (US), Waymo (Google Self

Driving cars, US), Didi Chuxing (Asia) and Grab (South Asia). Registered operators (recognized by the government) should follow suit. Instead of calling for a nationwide ban of Uber, NURTW can adapt this same

platform to include buses. This way they just moved from regular driver and conductor to owners of buses. Making profits in the process. That’s how we need to look at advancement. It’s the same business but with a little touch of technology.

Conclusion

We should learn to stop fighting technology and start adapting it to our current business model. The National Union of Road Transport Workers is an independent Nigerian trade union that serves the interests of transport workers in the road transport sector, by calling for collective obtaining and pushing for social stability for all workers in the transport sector as defined in its constitution. Are acting with the right direction as the ever evolving technology fused business model grows? That’s the big question!

Reference Credit: Ebuka Raphel

Zenvus Loci Demo Available for Major Clients

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“Elegant”, “efficient”, “amazing” and “brilliant”. Those are words from users of Zenvus Loci. We created something great to bring deeper insights on the supply chain, at the cost model our customers easily afford. Loci is a reusable package GPS that you can put in a briefcase, cargo, etc and monitor in real time its location. We see opportunities in tracking the specific cargoes (not just the trucks), ecommerce shipments, security guards, equipment on transit, law enforcement (police, army, etc), luggage (individuals shipping via buses, personal air travel luggage, etc), vehicles (no installation), etc. It is cheaper than anything in the market and it is rechargeable with USB.

We designed this solution from scratch – and it is superb. If what you do involves logistics, supply chain, security,  and many other domains, as we explain in this product video, reach out to me or click email for my team. We will schedule a demo in Lagos. We are looking for  telcos, logistics firms, shippers, airlines, banks, etc. (We are looking for end-users, not partners. If you want to become a sales partner, please apply first).

(Image: Zenvus Loci Max 3D print, production shipment is ABS)

Loci is a disposable or reusable package GPS that you can put in a briefcase, cargo, personnel, etc and monitor in real time its location. We see opportunities in tracking the specific cargoes (not just the trucks), ecommerce shipments, security guards, equipment on transit, law enforcement (police, army, etc), human (child, oil workers, etc), luggage (individuals shipping via buses, personal air travel luggage, etc), vehicles (no installation), etc. It is cheaper than anything in the market and it is rechargeable with USB.

For example, to track a car, one does not need a mechanic for all the complex wiring: just drop it anywhere inside the car (booth, under seat, etc) but make sure say every week to recharge it. And if you are sending a package using a luxury bus (like ABC Transport in Nigeria), you can put the device inside the package to know where it is on the way. It requires extremely affordable monthly subscription to use. Loci is an ecosystem with analytics, API and inventory management solutions.

Simply Brilliant – Zenvus Loci Max, Zenvus Loci Mini [Photos]

Coronavirus – Conserve Cash Now!

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Ladies and gentlemen, there is a big problem in the world right now: coronavirus is now officially a pandemic. Simply, this means widespread human infection. It is so bad that politicians undergoing corruption trials who sought reprieves for medical treatments in Europe had withdrawn the requests. Yes, they are feeling much better, magically! Also, no Nigerian politician had gone for annual medical check-up abroad, making these few weeks atypical. Because no one is creating this covid-19 future, it is nearly impossible for anyone to predict the future. Do one thing: conserve cash – just in case this paralysis stays longer.

Source: Tellme

China’s Industrialization Policy is Now Outdated for Africa [Video]

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When it was published in the Harvard Business Review, many China-Africa experts and professors reached out to me. A top U.S. MBA program made it a required reading in a class. I had postulated that Africa’s developmental strategy which is largely structured to mirror China will possibly fail. Why? What China did about 40 years ago to rise cannot work today because those comparative advantages it had over U.S. and Western Europe had been disintermediated. 

As robots and AI advance, cheap factory jobs will be “eaten” right in Europe and U.S. meaning that none would have to be outsourced. And if that is the case, these domains will not be looking for new sites in Africa (as wages rise in China, our main expectation to displace China) to build factories. Sure, companies will always spread factories to stay closer to customers but that is a different incentive altogether.

Coronavirus has added a new factor: Africa must endogenously invent a new developmental model.

In this video, I explain that Harvard piece and what we must do.