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Join Me At FUTO Biennial Lecture – Oct 24th, Lagos

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I will join other leading experts for the FUTO Biennial Lecture which takes place at NIIA Lagos on Oct 24. If you can, join us for a conversation on Nigeria and its development. The Vanguard examined the thesis of this lecture today.

As Nigeria continues to search for solutions to national advancement, the Federal University of Technology, FUTO alumni group has offered its biennial international lecture, next week in Lagos, for economists and technology experts to lead discussion on critical thinking strategies to arrive at a new, innovative Nigeria. Part of the professionals the alumni group enlisted to dissect the strategies included Chairman of FASMICRO Group Prof. Ndubuisi Ekekwe.

Ekekwe will speak on ‘The Pursuit of Exponential Development’ at the event billed to happen at the Nigeria Institute of International Affair, NIIA, on October 24. His topic will look at alternative thinking for developing economies in a world that is fast moving away from traditional thinking to predictive thinking – a paradigm shift expected to fast track innovation and development.

 

Nigeria’s Seplat To Buy London-Traded Eland Oil & Gas for £383 million

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May I congratulate team Seplat as they absorb London-listed Eland Oil & Gas Plc as  reported by  Financial Times. Few weeks ago, I shared a platform with the leadership of Seplat, and was exceedingly impressed on their mission. Congratulations Austin Avuru and team for reaching this agreement to acquire Eland Oil & Gas for 383 million pounds. Close the deal and find new territories and markets. 

Seplat Petroleum Development Company Plc on Tuesday announced that it has agreed to buy Eland Oil & Gas Plc.

The company made this known in a disclosure notice sent to the Nigerian Stock Exchange and signed by Edith Onwuchekwa, the Company Secretary.

Seplat is a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange.

With this deal, Seplat will become Nigeria’s biggest independent exploration and production company in the indigenous category.

Seplat Petroleum Development Co. agreed to buy Eland Oil & Gas Plc, adding resources in Nigeria as it seeks to become the country’s biggest independent exploration and production company.

The acquisition of Eland, whose main asset is the OML 40 license in the Niger Delta, is set to boost Seplat’s production to 64,000 barrels of oil equivalent a day, a jump of as much as 30% from 2019 guidance. While it’ll still trailing top domestic rival Aiteo Eastern E&P Co., the deal highlights how the retreat of some oil majors in recent years is allowing independent players to grow.

[…]

Nigeria’s independent producers have grown after snapping up oil leases from large international companies such as Royal Dutch Shell Plc when attacks and sabotage forced the majors to scale back some operations. Aiteo, Seplat and other so-called E&Ps have helped drive output growth in the West African country, pushing production above limits imposed by the OPEC+ alliance.

My Observation from Reactions on “How to Bring Sanity Back into Nigeria’s Tertiary Institutions”

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National-Universities-Commission-NUC
National-Universities-Commission-NUC

I sent in an article some days on how our tertiary institutions could be sanitized. This post was shared on LinkedIn by Prof. Ndubuisi Ekekwe and as expected, it sparked off so much heat.

As I went through the comments, and responded to some, I couldn’t help admiring the rich data a researcher would have collected for studies on reactions to sexual abuse in Nigerian higher institutions. But then, the reactions weren’t complete; I was expecting more.

So if anyone makes out time to read this post, he will notice some of these observations I’m about to table here.

MY OBSERVATIONS

  1. Missing the Intended Message: The first thing I noticed is that a lot of people that commented either didn’t read the article or misunderstood the message. While the message was on how both students and lecturers could avoid sexual harassment, readers, or should I say commentators, reacted to different things altogether. Some commented on moral values of lecturers, others on root causes of sexual abuse, then some said university authorities are lukewarm and so on. As a result of these reactions, it was hard to find out if the proffered solutions can work in different higher institutions across the country.
  2. Conspicuous Absence of Academics: I don’t know if it’s just me, but did anyone else notice that lecturers and other people in the academic world avoided that post like a plague? Oh, maybe they read it, but they didn’t drop a comment. I was expecting to see some of them come up to say that what some of the commentators were insinuating are true or not, or that the solutions I proffered may or may not work in their own schools. You know, things to show that they understood what was going on. But no, they all disappeared and left me to beat the drum and dance the dance.
  3. Absence of Students: Except one student that voiced up to state what she knows that is going on in her school, every other student kept mute. I only noticed that they were dropping ‘likes’ in the post and comments, and nothing more. So they obviously read the article and the comments but weren’t courageous enough to drop their own comments. I was hoping that they will give us insights on what is happening in their own institutions, but I was so disappointed. Truth is, the voice of the only student that commented isn’t enough to really determine the true and current state of things in our higher institutions. Our students need to learn to speak out even in the midst of elites; this is one way of learning to avoid sexual harassment.
  4. Absence of Victims: Nobody that reacted to that post was a victim; not even those victimised for standing their grounds or those who had been ‘approached’ by lecturers. The only people that tried to give firsthand information of this menace are those that were either friends to a victim or related to one. Information from this category of people cannot be used in empirical studies. So, I ask, if victims are not comfortable speaking up, how do we handle this issue? Trust me, a lot of work needs to be done.
  5. People Hardly Proffer Solutions: The reactions to that post reminded me of what one of my lecturers used to say about the way masses are represented in literary works – they are seen as people who come together, get angry, carry out mob actions and then disperse to become different individuals again. If you go through that post, you will notice that no one actually proffered a solution, at least a feasible one, to the problem. I see more of people gathering to ask for the heads of male lecturers (and maybe the head of the person that wrote the article too, lol) because they are annoyed. The comments there just exhibited great negative emotions, after which no way forward was given. People really need to keep their emotions out of the way when they want to reason.
  6. People Wanted Radical Change for the Country: Well, we can’t just change our culture and values. We have to understand that culture isn’t just about “way of life of a people” as we were taught in primary school. Culture is about what people know and have; it is about their way of thought, what they believe in, what they eat, how they dress, how they talk and so many others. Culture means the total being of a person. When you take someone’s culture away from him, you have automatically taken his reality away from him.

Why I’m saying all this is because a lot of commentators seriously kicked against the issue of dressing as proffered in the article. What they forgot is that what you know affects your way of reasoning. If someone is used to seeing women half-clad since he was a child, I believe as an adult he won’t easily be moved when he sees a naked woman. But here in Nigeria, we have the ‘dress to cover yourself’ culture, which most of our girls drop when they get into higher institution. And they expect our men that have been seeing ‘cover-cover’ girls not to be moved. Well, I don’t know o; I believe it’s a matter of choice.

Anyway, like I said earlier, a lot of Nigerians want to radically change our culture and adopt that of the Westerners.

Well, those were my observations. I’m not here to answer some raised questions that I didn’t have time to reply to. Besides, I don’t really like people asking questions not because they want to understand but because they want to criticise. But that notwithstanding, I think that post has made a lot of things clear to me. One major thing I discovered is that of people aren’t informed on how to avoid sexual harassment. Why I say this is that I was expecting more tips on how such a situation could be avoided, but I rather got some messages on how the tips I suggested won’t work (they forgot I’ve been in the system and have seen it work for a lot of people, including me).

Based on this very serious issue, I’ll like to suggest the following:

1. Parents and guardians should educate their young ones. They shouldn’t pretend all is well and look for whom to blame later. Talk to your children – both male and female – about sexual harassment. Tell them on time the things that cause them (don’t look for who to blame here please). Teach your children how to avoid being harassed and who to talk to if they suspect they were about to be victimised. Don’t leave them to learn everything by themselves. And, let your children know that you got their back.

Parents should also be mindful of how they encourage their children to cheat. No one will come out to admit this, but we in the academic world know how parents encourage this. Don’t push your children to ‘see’ lecturers to find out what ‘they will take’ to pass them. Don’t call lecturers to compromise the grades of your children. Let your children learn to survive by themselves. If they didn’t do well in an exam, allow them to retake it and pass it by themselves. Stop bothering lecturers; allow them to do their work.

And, by the way, if your child isn’t academically sound, and he or she is bringing back A’s, well, you know what to do. And, if your child cannot pass WAEC or JAMB by himself, please, let him find other ways of pursuing his future. Don’t push him into the higher institution so he will wangle his way through.

2. Students, I encourage you to imbibe the tips given in this post. You should remember your reasons for going into the higher institution in the first place. Like I always tell my students, you should relax and finish schooling, get something doing and then start enjoying life. Sneaking out of school during school days and missing classes won’t take you anywhere. You should not expose yourself and look for who to blame later.

If you are being victimised by a lecturer, you need to speak out. Talk to your friends and allow the news spread. You shouldn’t be afraid to talk to people about what you’re passing through. People may doubt you and call you names but that shouldn’t discourage you. I know people are opting for social media to call out randy lecturers, but I’m not for that because legal actions might be taken against you, especially when you don’t have any concrete evidence. Remember, legal system isn’t about what is right and what is wrong, it’s about what is legal and what is not (lawyers please don’t come for me). So, be careful with the medium you use.

3. Lecturers should talk to their students about avoiding sexual harassment during lectures. I know that the students that survive through ‘sex-for-grade’ mode will sneer and snicker (that is if they are even in class), but you still need to talk. It will also be good if you still call out the names of those students that wanted to bribe you in cash or kind (but I don’t know if it is allowed anyway, before you land yourself into trouble). Anyway, follow the tips I gave in the previous article so you can retain your job and your integrity.

4.The school management has a lot of work to do. They need to include sex education and sexual harassment as part of their topics of discussion during the orientation week. They shouldn’t assume that those students are ‘adults’; they may not really know anything.

The school also needs to create a window through which students, and workers too, can lay complaints on irregularities that take place in the school. They should however investigate any complaint that comes in to be sure of its authenticity. Any person indicted of any offence – be it a student or a staff – should be made to face the music.

Bringing down the rate of immorality taking place in our higher institutions is the responsibility of everyone. No one should point an accusing finger around because more fingers are pointing back at him. If the society is bad, we all made it bad. If we want it good, we all must do the job.

You Must Get Married Syndrome!

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Why do we rush our females into marriage?

Here’s what I have noticed while growing up – some parents do rush their female children into marriage.

There is this belief that females don’t have the luxury of time like men. Once a female child gets to 20 years of age, some parents would have started advising her on how to find the right suitor. Some would even tell her to start preparing for marriage. This way, some ladies have been forced into early marriages that never worked out for them. Some were unlucky and lost their lives while trying to endure the toxic marriage and crazy partner.

No one encourages them to further their education or build a promising career. There is an idiosyncratic belief in Africa that female children will always end up in the kitchen irrespective of the certificates or career growth. It’s an ancient belief that has limited and still limits our female’s development, I mean career-wise.

Men are being seen as the only bonafide member of the family. When they have a meeting, you would hardly see a woman. In fact, women don’t have a say in the meeting. They only need them when it is time to serve food and drinks to everyone present at the meeting. This myopic thinking and a blurry view about women by Africans have reduced the worth of women in African societies.

From the ancient landmark, women were treated as slaves and more of a sex toy. Picture those days, when a family is returning from the farm, you’d see the head of the house, i.e. the father, carrying just a hoe or cutlass with a keg of palm wine and holding a bushmeat, while the wife would carry the youngest child on her back, and also carry a basket of the food she would prepare for dinner on her head. When they get home, the man either goes to rest under a shade or play with his friends while he awaits his meal. The woman would still be the one to do all the chores alone.

There would be no support from the man. There are some men who believe that helping your wife to do some house chores, is a taboo. Some mother in law would even frown at the sight of their son doing house chores. They call men – ”The Master”.

There is this belief that men must be respected. They are being seen as a mini-god. But the women are given little or no regard. They would even impose a man on her at times.

When I look at all these things in African society, there is just one conclusion I could draw from it – ”Marriage madness.”

You must get married at a certain stage is killing our women’s dream and self-esteem. Some women become weak and fall for an unworthy partner just because they seem themselves as too old or irresponsible. Yes, African society makes unmarried women look irresponsible especially if she’s working.

I know a lady who made a terrible mistake because she was told – ”You’re getting old.”

Her parents made her see herself as too old to be single. She was just 35 as at then. They told her she might never get a husband. This made her sad and desperate. Given the fact that some ladies hit menopause in the late forties or early fifties, she started considering any man that comes her way.

She decided to endure a toxic relationship. She got married to the man and the rest was history. She couldn’t leave because she believed no man would want her again. During the process of staying with this abusive partner, she lost her left eye. Courtesy of the daily beating she receives from the man.

Why do we have to force our lady to go into marriage when they are not ready?

It makes no sense. Being married is not a goal. Not married is neither a curse as well. It’s a choice. Our societies need to take off this marriage stigma. Anyone who doesn’t want to get married should not be castigated or made to be seen as a worthless person.

The inner peace is all that matters. Some people don’t do well in relationships. If they can stay fine without it, let them be. At the end of the day, it is how well and not how far.

The Role of SMEs in Job Creation in Nigeria

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The International Labour Organization (ILO) recently  made a groundbreaking discovery through a study conducted which was  aimed at understanding the relationship between small businesses and employment world wide. The report reveals that seven in ten workers are into what we would call small and medium enterprises, SMEs. The report unveils the hitherto neglected roles of these kinds of businesses in job creation.

According to the report, self-employment, micro and small enterprises play a far more important role in providing jobs than previously believed.

You may wonder where they got this information from.They gathered data from 99 different countries and in the process discovered  that what was previously seen as ‘small economic units’ when summed up, make up 70 per cent of total employment, the most significant economic unit in job or employment creation.

Another important aspect of this study is the part that reveals that an average of 62 per cent of employment, in these countries where the studies were carried out, is in the informal sector, which is where the bulk of our unmeasured GDP lies.

The informal sector in Nigeria represents a large part of the economy though there isn’t sufficient data to put numbers to it,  making it difficult to say exactly how productive the Nigerian economy is.

But we know they exist, in numbers large enough to keep partakers going and sustained. Only a fraction of the businesses in Nigeria for instance is registered with the Corporate Affairs Commision, the rest represents everything from the street corner barber, to the roadside mechanic, or that mobile  cobbler mending your shoes.

The report  is titled; Small Matters: Global evidence on the contribution to employment by self-employed, micro-enterprises and SMEs.

LOCAL IMPLICATIONS:

The question of whether we are actually wealthier than our GDP projects or even poorer is one that has to be genuinely answered. Then the government must do all within its power to encourage these small and medium enterprises driving the economy.

In a capitalist economy the people are supposed to be the drivers of the economy, and all that is expected of the government is to provide an enabling environment where all these can strive.

This shouldn’t be so hard to do. A few of the things to do to make this unit blossom is to

  • Make enterprise friendly laws and stick to it in the long-run
  • Provide a suitable and favorable taxing policy
  • Easy access to loans with payable interest rates
  • Provide basic infrastructure but not limited to roads and power supply.
  • Stop the political sabotage of businesses or undue interference  for local, regional or personal interests.
  • Involve more technocrats and economists in economic decisions and less politicians. Round peg, round hole.

So long as the political will is there and economic know how is present, a lot of the aforementioned can be done before our very eyes. And Nigeria will blossom.