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Roadmap for Electric Vehicle Adoption in Africa

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Since the release of the Tesla model S in 2012 till date, the perception of electric vehicles (EV) has completely changed the world of automotive technology, and with that start ICE (internal combustion engine) vehicles are possibly the most threatened species in the extinction table. The best news from all of this is that it will keep getting better and better. 

One critical point for the adoption of EVs in Africa is a possible adoption mechanism that gives EV a fast paced adoption especially in countries with poor electric power supply. About 12 countries in Africa have the best access to the power grid, Nigerian as an example has 56 percent of the population being able to use electricity in their homes according to World Bank data. Even if this does not translate to constant power supply.

 

Source: moguldom

A constant question and discussion being raised on the issue of availability and supply of electricity for charging EVs has made the situation a case of a knowledge problem rather than anything else. A standard electric car (60kWh battery) takes just under 8 hours to charge from empty-to-full with a 7kW charging point, which for most users will not be the case, as we cannot assume that your mobile phone is always recharged from 0% every single day.

 

Source: podpoint

The current drive for net zero emissions, and a hard 2050 deadline for Europe is a significant message for other continents to adopt. EVs are and will play a significant role in reaching such milestones.

Possible EV adoption solutions (case example Nigeria)

Gas and Petrol stations: Most petrol stations are equipped to run on 24 hour power supply to keep their pumps running, and even when not pumping they must keep running power. Placing EV chargers in the vicinity of their stations will give EV owners a chance to charge their vehicles, and this model works because superchargers can charge up a vehicle in a few hours (depends on charger installed). And since many already have wide spaces for vehicle parking (usually empty) this helps them put it to good use.

 image source: silverbird tv

Shopping Malls and Event Centers: Shopping malls and event centers are also open spaces for the deployment of EV charging stations as these locations are suited to charging. In the largest states in terms of economic progress within African countries, many locations like these are great locations and can serve needs as well as providing additional revenue for parties involved especially private companies who provide this as a service.

Workplaces and Car Parking spaces. These will also be suitable locations for the deployment of charging stations as many workers leave their vehicles idle between work opening times and closing times. This period of non-use of vehicles is adequate for charging if chargers are placed in the parking spots of the companies and businesses involved.

Source: northern times

The availability of charging stations will play a role in making all these happen, and internal and external solutions can easily be resourced once demand increases to specific levels of growth. Private companies can move into the space creating multiple business models that will create a new industry, skill set and employment opportunities, through servicing and consulting firms being created. Mobile and web applications for charging station locations can generate revenue for those interested in that business model, concierge services for private charging are also primed business models.

 

Source: Walmart

Further to the adoption of EVs will lead to the adoption of renewable energy sources and when demand increases, chances are that prices will fall drastically across many quarters of renewable energy adoption. In recent years, solar power and renewable energy sources are being adopted in many African nations, as the abundance of sunlight and open skies for most parts of the year in most locations of the continent are gradually switching to these not so new forms of energy generation as it provides 24/7 power supplies as long as it functions and at specific scales of implementation.

The benefit for government can be far reaching as the inclusion of EVs in the economy will serve as a multiple edged sword by increasing the opportunity for private sector to assist in providing stable power supplies, increasing employment, reducing its carbon footprint and diversifying and shaping the economy to be relevant in industry 4.0.

2020 has come, and it is primed to usher a new decade and fast paced adoption of automotive innovation.

… with love from the Nigerian Capital Market

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We know the significance of today for what it means and what it holds for your future.

Is she your bae for today alone, or one for today and the future or you have been life partners and today is only for a vow renewal? What surprises do you have for her today?

As you ponder on the gifts that will make today memorable, we have some words to support you from the love stories of two famous US stars: Kanye West and Kim Kardashian.

In 2017, Kanye West surprised Kim Kardashian with an extraordinary move, he sent her a box of gifts. Kim opened the present to discover Apple headphones, an Amazon gift card, Adidas socks, a Netflix gift card and a Mickey Mouse toy. Amazing box, right? … but there was more.

Those gifts came with $200,000 worth of stocks in Apple, Amazon, Adidas, Netflix, and Disney. He gave her cool presents for the day and a lifetime investment. Now that’s love.

It’s now 2020, three years after and those investments have grown, Amazon has grown by 157%, Netflix 171%, Disney 28% etc. The entire portfolio is now worth over $430,000.00! This is how to love.

Flowers fade, true love grows.

Flowers fall, true love grows.

Like love, investments grow.

As you profess your love with beautiful gifts, make room for a lifetime investment in the one you truly love.

Express love, make him feel like a King but go beyond treating him like Dangote today, buy him Dangote shares for the future.

If you will surprise her with an Apple phone let the stocks of Apple go with it.

As you debit your bank accounts with payment for her gifts, bank charges will follow. Don’t forget to buy the shares of that bank for her so that those charges can come back as dividends after today.

At TrustBanc, we believe to love is to trust.

Trust, like love, is not short term, it’s long term.

Long-term investments hold long term relationships.

Invest in your love for her with us.

Let’s help you keep your trust.

With love from TrustBanc Financial Group.

Gokada’s CHOP; Uber’s Lagos Permit Problem

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You know I admire them: the entrepreneurs who believe in the unbounded promise of the future. Many would have folded after the motorcycle ban, concluding that “the government policy has killed our vision”. But Gokada is not going to just give up. It is out with a new product called Chop, a food delivery business. Call it resilience and that is what it takes.

As the federal tax agency invents a methodology to tax street traders in Nigeria, and Uber drivers mandated to register as commercial vehicles (and Uber as a transport company), things will get hotter. But one thing is evident: just like you expect customer habits to change, model the regulatory system in Nigeria as evolutionary. 

An official of the Lagos Vehicle Inspection Services told The Guardian that commercial vehicle drivers and those on Uber and other ride-hailing platforms must be certified by the Lagos Drivers’ Institute before they can operate in the state.

Moreover, drivers on ride-hailing platforms must have hackney permits. This means they have to change their vehicle registration to commercial.

Another official of the VIS said Uber has also not paid an operator license fee to the state government.

“You need to have what we call operator license, which Uber was supposed to pay to the government,” the official said in a telephone conversation with an Uber driver. The Guardian has a record of that phone conversation. “Uber has no operator license.”

The way it is looking right now, Uber, Bolt, etc could be thrown out of business through these regulatory paralyses. I pity Uber because in London or New York, when a driver has an issue, he files legal paperworks and speaks grammar via Uber. Here in Lagos, they will seize the car, deflate the tires, put the car in a garage, then ask him to pay. Later, when he returns, after payment, he needs to use a “certified” vulcanizer to get the tires up. When done with  that experience, no one will tell the driver to uninstall the Uber driver app!

How to Master Your Absence and Silence

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With antecedents, a leader can master not only his absence but also his silence. This was the case when President Muhammadu Buharu was sworn in as the 15th Head of State of Nigeria. There was so much talk about his Body Language that abhors corruption and indiscipline. The memory of his War Against Indiscipline(WAI) during his military regime in the early 1980s made many, especially civil servants, rethink their ways.

This piece is motivated by Prof Prof Ndubuisi Ekekwe‘s Master Your Absence: how companies can become category kings. Writing from my personal experience on leadership, I share with you how a leader can master his absence and silence in becoming a category king in the art of leadership. The choice of subject matter is borne out of our major bane as a country and continent as a whole. Despite the black race starting well on leadership in the story of the Tower of Babel, we lost it.

 

“Man know thyself.”—Socrates

 

The simple meaning of this statement is that knowledge of oneself leads to a possible mastering of self and a development of self for the benefit of self, others, and the society at large. I have introspected and discovered that one of my gifts is leadership. Each person alive today has his own unique gifts and these gifts must be worked on to increase their value. Just like gold ore to pure gold. This makes me always lookout for opportunities to improve my leadership capacity knowing that there is a great demand for it in Nigeria.

My first experience of mastering my absence was during my National Youth Service year in 2014/2015 in Taraba State. The then LI (God rest his soul) , that is, Local Government Inspector (an NYSC official in charge of corps members in a local government) announced me as the next CLO, that is, Corps Liaison Officer (a corps member responsible for the welfare of his colleagues in the local government). I was surprised when one of my colleagues in my PPA (Place of Primary Assignment) told me that sometime ago a meeting was held to decide who the next Principal Corps Member, and CLO would be. In attendance were selected corps members, school principals, and the LI. They decided that ” ‘Corper Gani’ is bigger than a principal corps member, only the CLO is befitting for him.” A principal corps member is the person in charge of other corps members in the most populated school. I was humbled hearing his confession.

But how did this unanimous decision favoured me as the next CLO? My antecedents! You see, since I set my feet in Kurmi LGA, I hit the ground running. There were fundamental social dysfunctions especially with the youths. From changing the monthly CDS (Community Development Service) of monthly sanitation (an exercise with zero social impact) to weekly career guidance seminars for senior secondary school students from school to school, Ebola Seminar, free O Level tutorials anchored by corps members, provision of classroom amenities, in all classes in my PPA, proper selection and training of school prefects, etc. I built trust and demonstrated competence as a leader through influence and without my knowledge and in my absence, I was elevated as primus inter pares.

Here is another tale of how I mastered my silence and got an opportunity to serve. This happened in the Month of October, 2019. It was the third day of our training as new employees. We were twenty-three (23) trainees. One of the facilitators said it was time to choose the class governor. “If you have the ability and want to be the class governor, put up your hand”, he said. Immediately, a hand in the front seat was up and instead of herself she recommended me. The coordinator was surprised and asked, “Why didn’t you nominate yourself?” He has started it already, she answered. Then he asked the class who else is interested, but they all chorused, “We want Gani!”

That moment made goosebumps rupture all over my body. Yes, I wanted the role and was tempted to raise my hand but a voice within said, “If these folks appreciate what you have done, they will choose you.”

I planned to make this concise, I am sorry it’s long. I will conclude in the next two paragraphs. The diagram below depicts how a leader can become a category king in the art of leadership. The curve is positively sloped rising from left to right. The vertical axis measures a leader’s influence as he accumulates more capability on the horizontal axis. Leaders at the base of the curve, termed downstream, are title and privileges conscious while those at the upstream are people and solution conscious. To progress on this curve, a leader must nurture his abilities first by acquiring knowledge and skills and then seek or  create the opportunities to influence others towards an altruistic goal.

To be a category king leader, one must start as a leader without titles before men will seek you and give you a title. A leader limits his potential when he seeks and holds on to titles. For example, Tony Elumelu as the Managing Director and Chief Executive Officer of the United Bank for Africa had a limited leadership influence. He only thrived in the banking sector. Thanks to Sanusi Lamido Sanusi, the then Central Bank of Nigeria Governor who gave him wings by putting a limit to the tenure of commercial banks chiefs. Now Tony Elumelu through the Tony Elumelu Entrepreneurial Fund, TEEP, is now adjudged a global leader.

Another category king leader worth mentioning is Prof Ndubuisi Ekekwe who recently proved this principle by being honored as one of the 20 Best Futurist Keynote Speakers 2019 by TAFFD USA.

Leadership is influence, practical love for the people, passion and competence in your field of endeavor. There are lots of problems in Nigeria that will make anyone a celebrity. So, do you want to be a senator, governor, or president? Start by solving your neighborhood problems and when the time comes, the people will choose you. However, you don’t become a practical leader on social media, you can get the know-how, knowledge and inspiration from, say, LinkedIn but you must go out and work.

Don’t seek titles, seek courage!

Our Words Become Our Reality. Rebuilding Nigeria.

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Imagine how beautiful Nigeria would be if everyone works and earns his words before he can speak the way a worker earns before spending. And immediately we speak, we get the reward whether good or bad. Put differently, what if speech is not a natural ability and free, but something bought in the market according to our different purchasing power?

Would we waste it on curses and insults? Would we convert it to hate speech? Would we use it to blaspheme? Would we use it for gossip? Would we use it for destructive criticism? No! We will speak only when necessary and after a long reflection on the effects.

However, the reality is that, speech is a free gift and an inalienable right of every man. It is the most significant creative (and destructive too) force in the world since creation. No one can deny that spoken and written words have power. Things happen when certain words are either spoken or written. Both curses and blessings take effect when pronounced either immediately or later. By this, it is apparent that there are always two opposing forces, negative and positive, keen to bring to reality spoken words.

I believe you reading this can remember some events of how your words and those of others have influenced your life. I will share with you two of my own before I address how we have destroyed Nigeria with our careless words and also how we can rebuild her, for we have no other country if we set her on fire.

Back in my secondary (high) school days, I had an Economics Teacher (May his soul rest in peace) who often made mockery of his aged mother in-law in his classes just to amuse us and win our affection. He would mimic how she talks, walks, and eats. Then he would say he didn’t want to live that long and look stupid. I was in my second year in the university when I heard of his sudden death at the age of 50. I was not moved because his words became his reality.

My second experience of the power of words is this. One morning I called the office and reported sick. It was a lie because I wanted that day work free to attend to a personal concern. My boss and my colleagues all called to wish me well. I acted so sick that I was awed by my pretense. Despite my instantaneous penitence, before noon of the same day, the exact ailment I lied about afflicted me. It was so terrible and lasted for three weeks. I suffered in silence going to work every day.

Back to my purpose for writing. The youths are said to be the leaders of tomorrow, but when the youths fail to understand that tomorrow is a function of their spoken words, they make nonsense the words of the elders. Four years ago, two of my colleagues came to meet me aside just after we had the morning devotion before work started. They said I was funny and naive. Why do I always pray for Nigeria every time I am asked to pray, they quizzed me. “How can you be praying for a useless country? A country that will soon divide. A country that has no future for the youths. A country with selfish leaders. A country led by c*ws…?” This, unfortunately, is the mindset of many Nigerian youths.

My response was, “Your parents met themselves and got married in this country. You were born and bred up in this country. You work and earn a living in this country. One of you is married with children in this country, and you also are planning and living out your destiny in this country. If your ancestors had cursed this land the way you are cursing it for your children, what would have been your fate? It is true that our leaders have failed us; must we beat them at this?.

I continued. “Our founding fathers, patriots like Herbert Macaulay, Nnamdi Azikiwe, Obafemi Awolowo, Aminu Kano, and the rest worked and bequeathed this land to us, their children. What will we leave for our children? A divided country on fault lines? Would our children say,”There Was a Country?”

In summary, my fellow compatriots, have we not doubted our unity and cursed our future enough? How long should our words be our swords? Where has it led us to? Is a garden not beautiful, nature not abundant, and the world not unique by diversity? It is said that only fools keep doing (or say) the same thing and expect different results. Let us be wise and start rebuilding Nigeria today with choice words and actions.

I love you as you are.

God bless Nigeria!