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The $15 Billion Ecommerce Vision

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This man has $24 billion to build the next digital services holding empire in India! Yes, billionaire Mukesh Ambani, the richest man in Asia, and controller of Reliance Industries, has moved to exert his business empire into e-commerce. Reliance Industries will drop $15 billion into a new digital services subsidiary to fund an e-commerce push connected to its popular Reliance Jio mobile phone service, notes Fortune.

Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space.

The board of Ambani’s Reliance Industries approved a proposal to plow 1.08 trillion rupees ($15 billion) into the fully owned subsidiary, which will in turn invest that amount in Reliance Jio Infocomm, the conglomerate’s telecommunications venture. A series of capital transfers would make Jio, which already has capital of 650 billion rupees ($9.2 billion), almost debt free by March 2020, the parent said Oct. 25.

That is how India’s entrepreneurs plan to protect their domain from foreign competitors – deployment of massive war chest. Africa needs to rise because if someone is investing $24 billion to unlock digital commerce and business, we have a long way to go. Yes, our sub-$50 million funding will not do it.

“Jio has been heralding the digital services revolution in India and will continue to do so in the years to come,” Ambani said in a statement.

“Given the reach and scale of our digital ecosystem, we have received strong interest from potential strategic partners,” he added

Supreme Court Dismisses Atiku’s Petition On Buhari’s Election Victory

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The Supreme Court Nigeria has dismissed the appeal filed by Peoples Democratic Party (PDP) and Atiku Abubakar – PDP’s presidential flagbearer in 2019 election. The party and the candidate have challenged the election of President Muhammadu Buhari. The apex court noted that it would provide reasons for dismissing the petition in coming days.

The tribunal ruled against the PDP on the core issues it raised about the February presidential election.

Mr Abubakar and the PDP had argued that Mr Buhari lied on oath about his educational qualification and that the high school the president said he attended did not exist at the dates stated by the president. They also argued that the electoral commission, INEC, manipulated the result of the election and that the result on an INEC server showed that Mr ABubakar won the election ahead of Mr Buhari.

The tribunal disagreed with the PDP and Mr Abubakar on the issues raised.

Now, what is next for Mr. Atiku? I predicted correctly (Dec 2017) that he would be the flagbearer in the concluded 2019 election. For 2023, if PDP zones it to the north, I expect him to try again, and emerge the winner. But where it is zoned to the south, then, that will do it for Atiku.

Facebook Commits $1 Billion to Affordable Housing, And There’s Lesson for Lagos.

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Facebook is taking a bold step to address the deficiency in housing in the United States. Among other things, the silicon giants have announced a $1 billion commitment to counter the high cost of housing which the emergence of tech industries have contributed immensely to. A statement issued by the cofounder and CEO, Mark Zuckerberg says:

“Today Facebook is committing $1 billion to help address the affordable housing crisis in California and other communities where we work. While the technology industry has created many jobs and opportunities, it has also made certain places less affordable to live — and we want to help solve this.

“As part of today’s commitment, we’re partnering with California Governor Gavin Newsom and the State of California to create up to 20,000 new housing units to help teachers, nurses, first responders and other workers live closer to the communities that need them.

“We’ve been investing in our local communities for some time now and we know money alone is not the answer. That’s why we’re working with people from the community, policy makers, and other companies to address the problem together. It’s an issue that’s really important and I hope we can help find solutions that can work in more cities.”

This step taken by Facebook is setting a precedent that other companies can learn from, especially in cities like Lagos Nigeria.

Lack of affordable housing is a problem that Lagos State resonates with. The emergence of companies has determined the inflow of workers from all walks of life, creating a vacuum in already existing loopholes.

Evidently, the State Government has been but helpless in bridging the gap in the housing sector and the efforts of the private sector isn’t enough. The situation over the years has resulted in a “cash and carry” system in the housing sector, where the poor and low wage workers are getting pushed out of many residential areas because due to the high cost.

And there is little hope because companies and industries keeping finding markets in Lagos without alternative housing provision for their workers. So the demand keep going higher, and house owners have learned to renovate to suit the current demand at a cost that most people who live in the areas cannot afford.

Many of them are firefighters, policemen, and paramedics etc. those who provide community services and have to go many miles to get to work on the daily, because the cost of housing has pushed them far away from the communities of their service.

The current stance of the State Government on affordable housing beams a dim hope, and therefore calls for external support. The Facebook’s gesture becomes a practical lesson: Big corporations making money in Lagos have always depended on already existing houses for the accommodation of their workers, and that has blown the housing crisis into bigger proportions.

For instance, Dangote’s refinery in Ibeju Lekki, at completion, is expected to employ hundreds of workers. And apart from what is readily available, there is no other provision to accommodate the inflow of people that will emanate from the new industry.

So more people will get pushed away, and will have to spend their earnings on transportation to work.

It’s a sad reality that the big corporations making money in Lagos can help with by considering housing as part of their Corporate Social Responsibilities.

If the example of Facebook is followed in Lagos, it will result in more productivity and efficiency through the minimization of the time workers spend in traffic.

The Act of Living Requires Sacrifice

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I once had to make a tough decision between my career and a job offer.

I had been searching for a job for about eight months. Then I just graduated from school and had completed my National Youth Service Corp – (NYSC).

I gave up when nothing showed up and embarked on a freelance journey. I had to start writing content for businesses and websites. I utilized LinkedIn to showcase my talent and it paid dividends in a few months.

I started making a decent amount of money for my personal and family upkeep. I could even help a few people within my vicinity.

However, I was contacted by a company who asked me to come and work for them in Lagos. They offered me 350,000 naira per month. That’s a yearly salary of 4.2 million naira.

That was really huge, but I had a problem accepting the offer. It required me to travel almost every week. But with the fragile security system in the country, I opted to turn it down.

I told people that are ahead of me, career-wise, most of them advised me to accept the offer since it comes with a very good financial package.

The only person who advised me to turn it down was – Adebayo Adegun. He said, ”Chinedu, you have a bright future ahead of you. Focus on your freelance jobs and very soon, everything good will come.”

I sat down and had a deep thought on those words, they were really words of wisdom. There’s one thing I learned from it, you must be sacrificial to live a prosperous life.

”The act of living requires sacrifice.” Chris Butler.


There is a balancing act between what we need and what we must give up. Even in economics, there is what we call the scale of preference.

You can’t have it all, therefore, you will need to give some up. It does not mean you have failed, but it simply means you are living a life that has an abundance of resources but with a limited supply and choice.

Balancing the equation is what matters most. We must sleep, but we also must wake up. We must eat, but we also must hunt or gather.

Since I have been living in two and a half decades, I have never seen anyone who has it all. Not even one. Even career-wise, there are times when you need to let go of the short term gains for the long term goals.

I remembered the story of Hammed Alabi, he told me how he turned down a job that was worth 100,000 naira per month, that’s a total sum of 1.2 million naira per annum.

I was a bit shocked and somehow, in disbelief. The circumstances in the country are enough for anyone to even pick up any kind of job. Being a fresh graduate, anyone would have called him a delusional dreamer because he turned down the job offer to follow his passion – Career Coach.

Today, Hammed can look back and be proud of his decision and the results that followed. He has been able to build his organization – Kayode Alabi Leadership and Career Initiative.

He told me in our previous discussion, ”We have engaged over 60 volunteers to reach to over 2500 children in under-served communities in Nigeria, training then on basic 21st century/life skills and leadership. Provided scholarship opportunities for 7 kids to complete primary and secondary education.

We were also recognized  as 50 Global Goal Champions by UNFPA for increasing access to quality education in low-income communities.

”We won the prestigious Carrington Youth Fellowship Initiative and U.S Consul’s General Award, Peace First, Fellow-in-Residence for Sub-Saharan Africa, African Youth SDGs Champion (African Monitor, South Africa) and Nigerian SDGs Star.

What else can anyone wish for?

Sacrifice is essential, that’s the deal, whether risking your life hunting a Wooly Mammoth so you can eat, or dealing with a Sabre Tooth toxic boss so you can eat. – Chris Butler.

While sacrificing, you may as well plan on how your sacrifice will have ROI!!

So many “Influencers” and ”employees” espouse the entrepreneurial spirit as a way for not working hard? Seriously?

It is way harder than working for a check. Yes, it provides freedom. But the larger payback is the investment in self.

Think of it this way: Working for an hourly wage is hunting.

Entrepreneurship is farming. One feeds you today, one feeds you all winter. Not picking on having a career, I have one. Nevertheless, I treat my career like it’s farming, constant reinvestments to protect my future…

The future is here. It is now. You have to do well for yourself by investing in yourself.

The only way is to sacrifice.

The Nigerian Army’s Operation Positive Identification, To Identify Nigerians

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The proposed Operation Positive Identification by the Nigerian Army has become another row the country has to contend with. The Army says it is embarking on the operation in an effort to identify criminal elements operating within the country, and thus has issued the following ultimatum to the general public.

Effective from 1st November – 23rd December 2019

Residents shall witness a large number of security operatives on the roads

Operation Positive Identification (OPI) requires you move with valid means of identification – National identity card, voter registration card, drivers license etc.

Give additional time for routine movement and travel locations.

Dress responsibly.

With the above information, the Nigerian public has been warned to get ready for what is to come.

However, the development has not gone down well with the National Assembly who without hesitation registered its displeasure with the Army.

Members of the House of Representatives said on Tuesday that the exercise is illegal and outside the constitutional mandate of the Nigerian Army. They called it “an exercise in futility.”

The Minority Leader, Ndudi Elumelu, told the House that the exercise will trample on people’s fundamental rights to move around freely. He said it is more like imposing a state of emergency on the country through the back door.

The logic by the Army justifying the exercise has been the alleged inflow of foreigners into the country, which is believed to be contributing to the high rate of banditry and criminality.

But Elumelu argued that the security challenges in the country are not an excuse, if at all there should be an exercise like that, it should be pro people. Not something like this that will stir unrest and disrupt normal engagements of the people. He also pointed out that the Army infringed on the constitution of the federal republic by not acting according to the provision of the law that mandates it to get the approval of the House.

Another Rep. member, Tobe Okechukwu opined that an exercise like this should not be coming from the Army. He said it is the job of agencies, like the police, immigration and civil security agencies.

“When we are under attack in the Northeast, Northwest and other parts of the country, the Army wants to do operation positive identification which is not within their job description,” he said.

He added that the Army will be useful in the theatre of war and should be deployed therein, instead of engaging in an unfruitful practice that will disturb the general peace of the people. Moreover, the National Identity Management Commission (NIMC) has not been able to provide identity cards for Nigerians. So there is no moral ground for the Army to go about asking the people for identification.

Another Rep. Ahmed found it disgusting that upon all the security issues facing the country, the Army believes that operation positive identification will provide a solution.

He said “If our security chiefs are out of ideas, they should let Nigerians know, So that we get others to assist in the fight against insecurity.

“It takes my constituents about 14 hours to get home on a normal day. If we have to now include this identification, how many hours will they now spend on the way before getting home”?

Other implications of the exercise go beyond rural arrears. A lot of people in the urban places too don’t have means of identification. IDs come from jobs and many don’t have jobs, the story of national identity card remains the same everywhere. Drivers license is for those who need it.

So the concern of the National Assembly is that many Nigerians will get locked up or brutalized by the Army just because they don’t have means of identification, which is not their fault. Therefore, the House of Representatives unanimously adopted the motion mandating the House Committee on Army to interrogate the Chief of Army Staff, Lt Col. Burutai, in view of finding out the real motive behind Operation Positive Identification.