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Ecobank Opens A Big Product Party With Fintech Sandbox for Africa

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In the past, banks felt it was a privilege for anyone to come over to work with them. Yes, provided there was no mechanism to interact and connect at scale, customers would be tethered to their exclusive ecosystems. Of course, the fintechs emerged and are now evolving rapidly across all domains. Now, banking institutions which want to play at the edges of the smiling curve are finding ways to make their ecosystems the platforms of choice. The massive level of  dislocation and disintermediation is huge that some banks now understand that a redesign would be necessary: making things easier for these new species of companies would help, after all.

 Ecobank Group wants to begin the party and has launched a fintech sandbox to allow partners and fintech companies in 33 African countries to gain access to its API (application programming interface).By gaining access to the API, these companies would engineer new financial solutions. And if that happens, everything would be in the Ecobank world of commerce in Africa. Flutterwave, Esicia, Callme2Work and Africa’s Talking are companies selected for the pilot. If this type of party advances, that my dreamed fintech product will be built to unify African payment ecosystem very soon.

The press release

Ecobank Group launches Pan-African Banking Sandbox Lome, January 27th 2020 – The Ecobank Group announced today the pilot launch of its Pan-African Banking Sandbox. The Sandbox will allow Partners and Fintechs to access Ecobank’s Application Programming Interface (APIs) for the development of innovative solutions for the 33 African countries where it operates.

The sandbox signals a deepening of Ecobank’s commitment to working with African fintechs in furthering digital banking across the continent. This follows the leading Pan African Banking group’s appointment of a Group Senior Fintech Advisor in 2019. With these notable actions, the annual Ecobank Fintech Challenge is evolving beyond a competition to a marketplace of fintech solutions.

The Group CEO, Mr. Ade Ayeyemi emphasises that: “The sandbox is yet another indication that Ecobank firmly believes that digital banking is the future and the future is now. Hence our commitment to lead Africa into the new age of banking.

Group Senior Fintech Advisor, Djiba Diallo stressing the significance of the sandbox noted that “It will create a great avenue for collaboration between Ecobank and Fintechs, give Fintechs the chance to further innovate while developing the capacity of the wider fintech ecosystem on the continent.” Five African Fintechs have been pre-selected for the pilot launch: ● InTouch (Senegal): Provides merchants and businesses with unique solutions to accept different payment providers whilst distributing an extensive catalog of digital services across multiple countries.

  • Flutterwave (Nigeria): A leader in payments in Africa, providing reliable payments solutions for businesses globally.

  • Africa’s Talking (Kenya): A unified API platform for software developers in Africa building SMS, USSD, Voice, Payments and Airtime applications.

  • Callme2Work (Kenya): A one stop platform connecting specialists across a wide range of expertise to clients

  •  Esicia Ltd (Rwanda): A software development and system integration provider – digitizing business processes for institutions across the public and private sectors.

The Implications of Lagos State’s Ban on Okada and Keke

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The news of Okada (Motorcycle), Keke (Tricycle) ban by the Lagos State Government has been consistent in the last few years. Each year, since 2012 when the then Lagos State Governor, Babatunde Fashola banned commercial motorcyclists from plying about 492 out of 9200 roads of the state, under the Lagos Road Traffic Law, there has been one rule and the other restricting them from plying certain areas of the state.

Okada riders association, under the name, All Auto-bike Commercial Owners and Workers Association, (ANACOWA) sued Lagos State Government for stopping them from earning a living through a legit business. The association lost and Lagos State was emboldened to expand areas of restriction.

The clampdown by law enforcement that followed the rule reduced biking activities in Ikeja to almost none. But it did give birth to Keke Napep which began to operate in many places in the stead of okada. Not quite long, keke started receiving the same treatment; operators were restricted from plying many roads, pushing them to remote areas of the states.

The excuse that justified the State’s clampdown on okada has been that the use of motorcycles is enabling crimes, especially armed robbery.

However, the rule could not be sustained. The push for survival due to escalating unemployment situation saw okada riders defied the orders, even though they did so at the risk of losing their motorcycle when caught. It was becoming a challenge that Lagos State needed to approach with circumspection, because the conflict in northern Nigeria was pushing a massive migration of men to Lagos, most of them were settling for okada riding.

In 2017, Fashola’s successor, Akinwumnmi Ambode, expanded the restricted areas as he reintroduced the ban. The 2012, Lagos Road Traffic Law has allowed motorcycles with an engine capacity above 200 CC to operate in most of the roads. So dispatch riders and power bikes were allowed under the ban of Ambode. But the traffic law was reformed in 2018 to deal with broader issues of commercial road users.

Recently, bike hailing innovation has increased the number of motorcycles with an engine capacity above 200 CC on the roads, and notably, the number of accidents. The state has also seen an increase in keke operations to an interesting point. Lagos reportedly has about 10,000 cases of motorbike accidents since 2015, with about 600 fatalities.

So it’s not surprising when we wake up to the news on Monday that Lagos State Government has once again banned the operation of commercial motorcycles.

The Commissioner for Information, who made the announcement at the state house in Alausa, said the decision has been in response to “scary figures” of fatal accidents recorded from okada and tricycle operators between 2016 and 2019.

“After a robust assessment of the debate on what has been widely referred to as the motorcycle (okada) and tricycle (keke) menace, the Lagos State Government and the State Security Council have decided that the security and the safety of lives of Lagosians are paramount.

“Also, the rate of crimes aided by okada and keke keeps rising. They are also used as getaway means by criminals. Therefore, after consultations with stakeholders, the State Security Council, in compliance with the extant Transport Sector Reform Law 2018, has decided to commence enforcement of the law which bans the operation of okada and keke in six Local Government Areas and nine Local Council Development Areas (LCDAs),” he said.

What has been remarkable each time these bans are enforced is the rate of unemployment it creates, which also is a high security risk. And on the other hand, the suffering it puts commuters through since there is no provision of practical alternative by the State Government.

Lagos is notorious of traffic gridlock, and the only remedy has been okada and keke, that’s due to their size, they find it easy to maneuver these gridlocks to the delight of commuters. For instance, those who work in Apapa rely only on okada to get to their places of work on time. Using vehicles is a day job.

Apart from the traffic hardship, the ride-hailing companies that are just trying to find their feet in Lagos have been put out of business. In mid-2019, Gokada raised $5.3 million in a Series A round led by Rise Capital while Max.ng Raised $7 million in a round led by Novastar Ventures with participation from Yamaha. So did OPay’s ORide, these leaders in the field all did in a series of fund raisings that welcomed many investors to Lagos and provided the financial power for these startups to push through the market. Economists said the ban by the State Government has landed a sledge hammer on the dream, projection and prospects of the investors.

These companies pay taxes. In July last year, the Lagos State Government was reportedly proposing $70,000 (N25 million) licensing fee per 1,000 and then $83 (N30,000) per bike after the first set of 1,000 for the bike-hailing companies. They were expected to pay taxes after the licensing fees.

Experts said for a state that is in need of investors, especially, Foreign Direct Investment (FDI), the ban on the bike-hailing operators is a scare-monger to any investor who is thinking Lagos. The decision is suggesting that the State Government can wake up someday to make rules that will put many out of business without considerations.

Lagos State Government promised to provide an alternative to the restricted means of transportation, but did not say what the alternative will be. It is also believed that the state should have made alternative provision even before the ban was announced. The ban which will take effect on February 1 is on short notice, taking everyone unaware. While the people wait on the government’s alternative, many are suggesting the use of horses as a means of transportation that will serve the purpose of okada and keke.

Towards Understanding Why ASUU Rejected IPPIS

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A lot of things have been said concerning the stand of the Academic Staff Union of Universities (ASUU) against enrolling federal university lecturers into the Integrated Personnel and Payment Information System (IPPIS) database. I was actually surprised when I noticed that people were rejoicing and commending the federal government for recently moving to stop the salaries of lecturers not captured by IPPIS. It shows that the complaints and requests of ASUU are not well understood by the masses and the government.

I know IPPIS is there to discourage ghost workers and that it’s possible some universities are mismanaging funds, but I think ASUU has some valid arguments that FG needs to address before carrying out its threat. Promising to sort out the issues raised by ASUU isn’t enough; they should sort it out now so that there will be an amicable settlement between the two warring elephants.

To start with, I am not a university lecturer, so I am not an ASUU member. And yes, I am already in the IPPIS payroll and for sure I am “hearing it small” now. Even the school I work with is “hearing it big”. So what I will explain here is not just from what ASUU executive officers said, but also from my personal experiences and from what I’m witnessing in the institution I work with.

I’ll also want to state that this article isn’t to “fight” FG and IPPIS but to let them understand that they need to listen to ASUU and do all the needful as soon as possible, so our education system doesn’t crumble beyond repair.

ASUU’s Claim against IPPIS

All the ASUU executive officers interviewed by different Nigerian media houses pointed out the same set of problems. And like my people say, when a child cries and points at a particular place, check that place he’s pointing at because if his mother isn’t there, his father is. In other words, if all these excos are mentioning the same set of problems, I don’t see why the FG shouldn’t work on them first. Everything shouldn’t be done through “fight for supremacy”; dialogues and deliberations are also very effective.

Below are the problems ASUU is foreseeing:

1. Loss of Autonomy: Every Nigerian federal university is an independent community of its own, with its own instituted governing council and senate. It has independent control over its affairs and programme. It answers to itself alone, even if it is funded by the government. This is an act, ASUU didn’t create it. It will, therefore, be odd if an independent community that runs its things loses control over its affairs because the piper started dictating the tune.

As an autonomous community, a university has the right to hire and to fire. In fact, that time ASUU was vying for this autonomy (in the early 2000’s, I think), many university staff were uncomfortable because they knew that once FG grants ASUU its demand, Abuja will no longer protect their (the staff’s) jobs. This is to say that in Nigerian universities today, once you misbehave, you will be sanctioned immediately. This is why it is easy to disengage university lecturers, unlike what you witness in federal ministries and parastatals.

But then, FG has not addressed the issues of universities losing their autonomies completely if they enrol their staff under IPPIS.

2. Difficulty with Recruitment: MDAs under the IPPIS cannot recruit staff members at will. This means that when the school is in need of a lecturer, they have to apply to Abuja and then sit down to wait for the bottlenecks and time waste that come with bureaucracy. They may have to wait for months or even years before they get a response. And then, it is possible that the response will come in the negative because “the government doesn’t have money”. Trust me, this can frustrate learning to the core.

A lot of people may say that part-time lecturers should be recruited to fill up vacant positions. Yes, this is a very, very good idea. In fact it is practiced in almost all higher schools of learning across the nation. That is part of why lecturers work in other schools, on part-time basis of course. But with the IPPIS thing, no part-time lecturer can be recruited because only federal government-employed permanent staff are captured by IPPIS. And with the REMITA stuff, there is no way a university can easily raise funds to pay its part-time lecturers. In other words, very soon, there will be a lot of courses without lecturers.

Another issue raised by ASUU excos here is that of politicians meddling in university recruitment processes. Well, this one pass me. But it will be difficult for university governing councils that depend on politicians for their daily garri to say “no” to employing misfits sent to them by politicians.

3. Disastrous Staff Sanctioning: One of the ways universities keep their lecturers in check is through suspension with half pay. Something like this may not be possible in IPPIS. For starters, IPPIS reconciles salaries by using salary structures and grade levels. The system will be confused when the pay voucher indicates lower salary for someone of higher level. This may lead to the system paying the affected person the punitive salary even when he’s off the sanction. Alternatively, the system may remove the person’s name altogether. And when IPPIS drops your name, it will take months to rectify it and you must go to their HQ to sort it out (remember the Naija factors). I think these issues need to be addressed too.

4. Payments of Allowances: The thing here is that IPPIS only pays a pay package to its enrollees. No two federal establishments can pay into your account through IPPIS and there’s no way your office can pay you more than a package through IPPIS, except on very few peculiar cases (such as promotion arrears). This means that payment of salaries and allowances may not be possible; it has to be one or none. Consequently, lecturers cannot engage in part-time lecturing in other Federal Universities or federal higher schools of learning; allowances and grants for researches, sabbaticals, assessing colleagues for promotions and so on, may not be paid any longer. To be honest, IPPIS isn’t cut out for higher schools of learning, at least with the way it operates now.

5. Stifling Learning and Research: The only person that will understand this is someone in the academic world. Some researches and projects can’t wait for the bottlenecks that are involved with getting permissions from Abuja before they’re embarked on. Apart from that, if that project or research finally receives approval, the possibility of the university obtaining the required amount is very slim. It is possible that if the university applied for #10, FG will approve and release #4 and then only #2 will finally find its way to the university – don’t ask me how the magic happened, please. The problem I’m foreseeing here includes a lot of abandoned projects and researches, substandard projects, dilapidated buildings and facilities, decrease in the number of researches and so on. I hope I will be proved wrong, anyway.

So when you think lecturers are corrupt and greedy because they stood against IPPIS, maybe you should understand their stand before judging them. From all I can see right now, they have solid reasons for holding back. It will be unfair on our education system if FG succeeds in pulling ASUU into IPPIS without giving universities the chance to manage their funds. But from what I can see, that’s not going to happen.

Group Dynamics: Understanding the Secret of Great Corporations

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Great nations were not built by governments; the governments serve as shoulders upon which mighty men have stood in building great nations. One of the core tenets of nation building is entrepreneurship. The first world countries are so called because their citizenry have successfully built what James Collins describes as “Good to Great Corporations.” This intrigues me because, like the first world countries, their counterpart nations also have businesses; albeit, for the first world countries, the businesses become global corporations with market capitalization to the tune of billions of dollars.

Before proceeding further into this discourse, it is expedient to note that these mighty corporations whose impact shaped their nations were not born in an all-perfect environment; some environments had similar or worse conditions the third world corporations are faced with. I have found that great corporations possess one universal trait that has helped in transforming them into global entities.

In my quest to finding solutions to business development in the third world countries, I decided to consult the Scriptures. The Holy Bible is always my resort when I cannot provide solutions to a seemingly inexplicable phenomenon. The things I found out were so captivating; I have decided to share a fragment.

To advance in business and reach the level of enviable achievements, one needs to understand two things effectively: The management of self, on the one hand, and the management of other people, on the other hand.

Management of self is the ability to organize oneself to produce increase. This art is perfectly understood by business owners in third world countries; case in point is Lagos, the commercial capital of my home country, Nigeria. The nook and cranny of Lagos is replete with shops and micro-business outlets that are doing fairly well individually. These entrepreneurs are the drivers of the Lagos’ economy; however, management of self, at best, produces increase, and no economy conquers poverty by increase. Poverty, in an economy, is conquered by multiplication, which is a product of managing other people successfully.

Management of others involves bringing people together in order to pursue common goals or strategic objectives. This is a science employed by great corporations and it is perfectly captured in Amos 3:3 (Can two walk together, except they be agreed?) and Deuteronomy 32:30 (How should one chase a thousand, and two put then ten thousand to flight, except their Rock had sold them, and the LORD had shut them up?)

Virtually all Christians are familiar with these verses and every time these verses are mentioned or read, they are always centered on marriage and courtship; however, the wisdom transcends the scope of marriage and courtship. They speak to relationships, of which marriage is a fragment.
Successful businesses have come to understand that, in order to build a great corporation, there is a need to assemble a group of people armed with resources aimed at achieving a targeted goal. In other words, the ability to successfully bring people together as a group is a major tenet of success for great corporation

The way to achieve multiplication is by fitting round pegs into round holes. Nothing enhances the achievement of organisational goals as having team(s) of disciplined people who have discipline thoughts and unfettered bias for action. In bringing a group together, one needs to be highly selective; the process must be devoid of unwarranted emotions, favoritism and bias. When a business fails to get its selection process right, like most businesses in the third world countries, multiplication would never be a reality.

Always remember a great business is a product of great team(s).

Connecting Mass Communication Class with the Industry: The Gohard Movement Story

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If you were there,  you would have wondered and asked the same question: how can a ‘male chauvinist’ have a female group?, then if you don’t get the answer to that,  you will just come forward and suggest I add male to the group also. The answer is always ‘no’.

I found a lot of faults in the Nigerian education. It’s just pathetic. Anytime I flashback to my secondary school days, I remember vividly I was going to attend university just to meet people and like mind to further my goals. I had nothing to do with school grades; I feel if I put my mind to it, I will just be like the thousands of Nigerian graduates lining up with valueless certificates in search of a job. That’s why after my graduation, my colleagues were excited to know what is going on in the school I was deployed to; they want to hear funny stories on how am messing the kids up since they know I have not been serious about education. However, the reverse is the case. My service year was the first point I noticed my deep concern about young people, especially if they are bright. Can this be from the fact that I grow up with so many questions about my environment and the world was met with ignoring faces from my entire community? Maybe, so I couldn’t look away to let down anyone willing to fly in a world where everyone want to laugh in their sleep.

I was posted to a very remote place in Benue state called Gbeji. No Corp member will come there except a carefree and adventitious person like me. Then I inspired other two Corp members, a man and a lady to stay also. It’s an experience. The student can’t even speak English. It was hard communicating. I saw the challenge and ‘single-handedly, had to design a learning scheme for the community children to ease communication and so for them to be able to read so they can move on in education. I remember when I informed my university brilliant and intelligent friend and colleague, Sherifat,  she told me ‘it will do the world good to document my materials to give to other rural areas for training’. Obviously, my lack of faith in our education won’t allow me to follow suit. I always fell I have nothing to do with education. I don’t know if my colleagues are still in shock of how I could become a lecturer in the university, but if the wonder still persists, I will just tell you it’s a miracle as this write up is not about the process.

GoHard is a media production movement styled for young women in the media to mentor and train them to single-handedly initiate productions and provide contents with the vision to liberate and create positive attitudinal change towards female in their community.

I believe I am ‘smart lazy’, and one of the guiding principles of sustaining that lifestyle is to not start anything without a flawless reason, as that will be what will sustain it the process. There are strange facts I hope you will agree with within the Nigerian Media sphere especially if you are a Mass Communication student:

  • There are more female than male in classes
  • Yet men run the media world mostly

From here, I guess there are points that are more recent:

  • Females tend to lead in Mass Communication classes
  • Yet, women are still not the leaders in the industry, men are.
  • Women mostly become the object of ‘sex appeal’ in the media. They are exploited mostly by advertising agencies and hip-hop artists (who I think the ‘feminists’ should go and face). The best scenario but still under the same phase is when women become reporters or newscasters.

These supposed ‘facts’ have bad implications

  1. Morally upright female, have less chance in the media industry which most of them are the brightest and the most intelligent in schools.
  2. Men become unserious in school, leaving ‘good grades’ for women to make. Or, maybe mass communication is just unfortunate in getting unserious males student for the sharp ones are in the sciences. (I don’t necessarily have to agree with my suggested reason though)
  3. The unserious men, then get to control the industry with compromised moral and ethical values. Or maybe am way over my head, as most times graduate from mass communication don’t get to control the media i.e. the Nigerian media is not necessarily controlled by mass communicators but random people from different field who lack the social responsibilities to be taken on by mass communicators but have some talents.
  4. With the absence of women control, we have less of pro-children, pro-good women and morality programming.

It might not be the time to write on how much I believe the media is responsible for what and how people think and thereby behave. However, how a country behaves will determine its development or on the other hand; degradation. Mindset is very important, so if I am on the floor of Mass Communication as a trainer what will I do differently?

A weak environment will drag down a strong mind into weakness,  and a strong environment will strengthen a sound mind and also charge a weak mind. These days,  undergrads are there also looking to be in vogue in our socio-cloudy situation where everyone is looking for distractions. Need for quick fame and money, use of the illicit drugs has become a norm, and the university is not left out. It’s hard for a progressive and conscious mind to existing in such silliness. What is even more dangerous is when the brilliant and intelligent gift from god amidst the environment is now allowed to be influenced. People like this grow to know their gift, figure out the society has failed to guide or support them, then they angrily go to the devil to take a job.

The first thing I discovered (which my industry bosses will agree with better), is that the production power is the soul of the media anywhere, whether in the schools or in the industry. The idea formulated, cooked up or researched can only get to the masses or prefered audeince when you have the power to produce with the studio skills; from print to broadcast or the social media etc. Guys, in the system (or outside) later in life, figured out they are prone to know this skill better than women,  opt for the skill or gather the expensive money to control this part so they become the leaders, while women give up, get married to face their family and have less field-oriented job. As a skilled cinematographer, animator/ motion and still graphics artist, the first question I asked myself is ‘do both genders have the same chance of learning the skills?’, I might only be able to prove otherwise but I choose to answer the question as ‘yes’.

Two years ago I initiated my experiment and started the GoHard movement with all the intelligent, interesting and sound female students in the department. Privileged to be a friend of them all mostly. There are a lot of problems I know I might not have with guys, but the key is patience. The idea is simple, working theory is simple; men don’t take to be challenged especially when women are doing what they feel they should be doing better. Having skills and creating content in the service of the GoHard movement. The first response from the guys is envy. They feel the team will soon fade off soon, they waited but we did not let that happen.

In a space of few months, some guys start to wake up in a mean to charge and disarm the very proud monopoly of the ladies who are already taking over and recruiting more girls who are enticed by the popularity. Most girls don’t make it through, for girls love fame and not the hard work. The core girls now understand that your fame and your voice can only be sustained when you are in control of your productions. So the ladies make sure they train as I train them to continue the process. However,  this is an overt operation from my masterplan.

Covertly, as a man, the pride is a driver. I still hold the belief that a man is given physical strength specifically for a purpose in life and they have to take charge. Seeing slow men around me is disgusting and insulting. As the process went on, we started having male students already inspired.

I will take you back to my old class where Yinka is always a menace. On his turning point day,  I sent him out of the Class, with the word that he has a potential that is stronger than mine and I did not learn my skill in any class,  so “you can stay out and rot or take charge and become more”. As at now,  Yinka is the hand in production in my school. From the onset, I give him all that is needed. However, the men’s pride won’t let him bother me like my female students, yet,  this is okay for me and good for him yet, he has to deal with my own best girl. ‘Will the men set their standard or they will wait for Mazeedah (GoHard production assistant) to set it?’ While Mazeeda today has tried to blur the line between me, the boss and her, the apprentice in video production skills, a lot of the ladies in the group race tirelessly to actualise the woman of their dreams in a speed I couldn’t imagine… as a competitive man. I even fear I don’t have to compete with such zeal.

I have learnt from these ladies love, training skills and incredible patience. The write-up is not actually about my experience working with ladies but I will like to share those too.

I feel at this point the list of my critics has reduced. However, I am aware I do have people till date that religiously believe am an idiot, am still okay with that, but make sure when you come to me to talk,  let me know what you are doing in your community to support others, this is not about bragging, it is a subliminal message you hide in your conversation to sound credible and for your audience to accept your contribution to their existence and believe you can help them. As a young person, I understand the juvenile delinquency is based on the feeling of awesomeness, believing you are right and can take care of yourself. Many young people don’t feel they need help,  you have to understand them first and help them without them knowing, mostly. When you are too focused on your efforts, they will leave you and choose the more marlianic way which they find fun. Help them help themselves.

We might hate everyone, but we don’t exist in isolation so we have no choice than to build the people around us any way we can so that their actions will only bring us joy and not panic.

Shout out to all the Gohardist. Love YOU all.