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Equality Starts With Your Children Education

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I know parents want to give their children the best education. Truth be told, some of our parents never had the best education as they would have loved it, so they had vowed to give their children the best of the best.

There’s nothing wrong with that type of mindset. In fact, as an aspiring father, I will give my children the best education I can conveniently afford. However, as Africans, we seem to be getting it wrong.

I have a neighbour who has six kids. The oldest is about age 9 while the youngest is 2. As much as I admire my neighbour’s passion for education, I don’t seem to agree with his approach.

His kids are in the most expensive school in my neighbourhood. This is a man who is a casual worker at the Nigerian Breweries. He is on a very low salary scale – forty thousand naira per month. Every term, he would always complain about their school fees. This new term that just started, his children stayed at home for two weeks after the resumption. He lamented every time. He said he was finding it very hard to raise their school fees. He had to go borrow.

In Nigeria, having six children in nursery school is no joke especially if it is a very expensive one. I have seen some parents put their first two or three children in the best school and the rest are made to go to a substandard one or even public school.

This goes out to every parent, before choosing your children’s school, ensure you check your pocket. You know what is at stake. Don’t go with the biblical belief that God will do it. Remember, it is the same God that said, ”have you seen a man that wants to build a house without checking his pocket to see if he has enough money to complete it.”

Let’s be strategic. It’s easier to invoke the spirit of hatred in the children when one is given the opportunity to attend a better school over the other. If you can’t afford an expensive school, choose a moderate one that suits your financial capability. If you make an enquiry, you’ll always find relatively cheaper ones with good quality as well.

It makes no sense to be in debt just because you are trying to give them the best. Remember, living in debts could cut a man’s life short. At the end of the day, you won’t be able to give them the best you wanted because of premature death.

Equality starts with your children’s education. May we all live long enough to reap the fruits of our labour.

Nigeria Does Not Need Cost Cutting; We’re Severely Under-Spending.

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“Nigeria must increase her productive base thereby increasing government revenue from increased taxes and then there will be more money for development of shared infrastructure for us all. Also with increased productive base comes more jobs and economic opportunities for her citizens. So I believe our focus should not be heavily on cutting cost when there is still so much room for productive growth in Nigeria.” C.A. commenting on my LinkedIn feed.

This is the point I am trying to make here. If our budget is $24 billion for 200 million citizens and South Africa is $122 billion for 60 million people, focusing on reducing the $24 billion in the name of cost cutting will not advance us! My point is this – Nigeria is not spending enough and efforts should be on improving productivity to ramp up the national revenue via efficient taxation and fees. With that, we will have more money to spend.

People, nothing like that. This is one area our successive governments have failed Nigerians: no one has told us that we are relatively “severely” poor, and exceedingly underperforming as a nation. Nigeria does not have excess spending problem – the fact remains that Nigeria does not even have enough to spend (note that I am not arguing on the efficiency of the “little” spending).

Nigeria’s national budget is $24 billion for 2019. South Africa budgeted $122 billion. South Africa spends 50% of our national budget on healthcare alone! Yet, Nigeria’s population is more than 3 times South Africa’s. I do not share this without the consciousness that I carry the Nigerian passport.

On corruption, we can cut 99% of procurement fraud (a big part of our national demon) within 3 months. Doing that saves 15% I had expected is lost in the national budget to corruption. This is my plan with video.  

Nigeria does not have a spending problem (minus the corruption). As a nation, we are under-spending. We need to ramp up our budget while eliminating corruption and advance our citizens.

This is the end game: that Nigeria’s national cake above needs to grow from $500 billion to $3 trillion by 2030. The ingredients (massive national accumulated capabilities across many fields and domains) are there. What remains is a compass from political leaders, and giving young people the opportunity to bake a bigger cake for shared prosperity. #TheRoadTo3T

Sales Lessons from Nigeria’s Highway Hawkers

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We all enjoy their services. They seem to show up when we need them most. They station themselves at strategic areas and try to make life easier for us. To be honest, we look out for them and when we don’t see them, we feel uncomfortable and disappointed.

These are the highway hawkers. They are there to make travellers feel less troubled by our bad roads. We see them at popular road junctions, traffic lights, police and army checkpoints and at sites where roads are so bad. They sell things like snacks, portable water, handkerchiefs, drinks (both alcoholic and non-alcoholic), books, auto parts (especially windscreen wipers), toiletries, house cleaning equipment, bush meat, and so many others.

I don’t really like this business because of the risks involved. I mean, this is highway, even though they station themselves in places vehicles have to slow down. But anything can happen. I know the rate may be low, but accidents can still happen and claim the lives of some of these hawkers. Besides, some drivers and their passengers are mean enough to run off with these people’s wares without paying them. Anyway, that is a story for another day.

A lot of people see these hawkers as nuisance on the highways and I don’t really blame them for that. This is because most of those that pose as hawkers are actually robbers – those living in Lagos can tell this story better. In fact, when they come close to your car’s window, keep your bag out of their reach so they don’t pick-pocket you. If you are not mindful of them, your phones, money and other valuables can just disappear without your permission.

But we still have so much to learn from these hawkers. The other day I was wondering why start-ups don’t recruit these people as sales agents instead of employing those that don’t really understand aggressive sales and marketing. These hawkers have some qualities that make them survive in the business and be able to generate enough income to solve their financial needs. There is no way anyone that doesn’t possess these qualities can go into the business.

Below are some qualities of highway hawkers every salesperson should learn and imbibe:

  1. Agility: Of course if you are not agile you can’t be in that business. I haven’t seen a sluggish person selling on the highway. Make out time to observe these people when you see them. You will notice that they are always ready for actions. It always seems as if their antennas are up all the time. Their whole bodies are up and actively listening and searching for potential customers. Once they sight one, they move as fast as anything towards him. As they are selling to that customer, they are listening and looking for another one. They are ready to sell to several customers at the same time and collect their money the same way. If a vehicle they are selling to drives off, they run like Usain Bolt to collect their money and hand over balance. Like Nigerians will say, “these people are sharp”; every salesperson needs to be like that.
  2. Resilience: Most Nigerians can’t stand under the sun or the rain for 30 minutes, but these hawkers do that the whole day. The bad weather or climate doesn’t deter them. If they stay under the shade when traffic is light, they immediately jump back into the road once they see a prospect. And after a tiring day’s work, they come back tomorrow to continue.
  3. Passion: I strongly believe that these people are driven by their passion for the business. They have this zeal to get the job done. I don’t know if their passion is with the type of business or with the income they generate through it – all I know is that there is passion.
  4. Attitude: You know, so long as you have a positive attitude towards whatsoever you do, you are bound to excel in it. I believe these hawkers have positive attitude towards their business. I haven’t heard any of them complain about how they suffer to make a living. I haven’t seen anyone of them ask for pity. All they do is try to convince travellers to buy their products, which most people do.
  5. Forceful Marketing: This attitude may annoy some people, but it is a strategy that helps the business. Have you ever been thirsty as you were travelling and all of a sudden, one of these hawkers thrust a cold sweating bottle of Fanta before you? Lol. Let’s be honest, what was your first reaction? Let me guess, you asked how much the drink was? Well, the only reason you won’t buy that drink is because your pocket says so or your doctor kicked against it. If not, you won’t rest until you settle your appetite. This is forceful marketing – appetising dangling what you need before you.
  6. Team Spirit: I think this is part of what makes these people survive on the highway and in the business – they work as a team. If you don’t know, you may think they all come from one family. Take for instance the women that sell okpa at 9th Mile Enugu, they stand together to gist and move together to vehicles to sell their wares. All of them will be shouting “aunty/brother buy this okpa” at the same time that you won’t know who to buy from again. If you finally choose one person, the others will shift back and look for other prospects. If the person you patronised needs to give you balance but doesn’t have the ‘change’, any other seller can easily help her out. If you decide you don’t want to buy okpa but plantain chips, the okpa sell will happily call the plantain chips seller for you (you will be left to wonder if the okpa seller also owns the plantain chips business). Honestly, these people don’t compete among themselves, at least as far as I can see.
  7. Strategic Citing of Business: These people knew the right places to cite their businesses. They first try out places where cars usually stop to drop off or pick-up passengers. Next they check up areas where there are checkpoints or traffic lights because the probability of vehicles slowing down there is high. Another place they try out is where roads are so bad that there is every possibility of hold-ups. This quality may sound trivial until you consider that a lot of salespersons don’t know where to locate their customers.

One more thing about these hawkers, they move in groups, thereby making it possible to watch each other’s back. I think this is the major reason they are hardly robbed or knocked down by moving vehicles.

But all in all, I think business owners should consider recruiting their salespersons from among these highway hawkers. If they are not comfortable with that, they should encourage their marketers and salespersons to pick up their (the highway hawkers’) qualities.

What Your First Degree Does Not Get You, A Higher Degree May Not.

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I have noticed a trend. It is not a recent trend among graduates. When they are done with first degrees and could not secure immediate employment, the next bet would be to get a Master’s Degree.

It is so common that for every ten graduates you come across, six of them would be ready to go for further study not out of genuine interest or a clear picture of where it could take them, but simply because they have found it hard to get a job.

Many of them erroneously believe that an advanced degree would land them their dream jobs. Most, if not all the time, this belief is not true. Further academic degrees are meant to prepare not for the industry but for teaching. Most entry level jobs require a first degree. Any time a higher degree is sought, there must be required requisite experience.

This is where a lot of graduates get it wrong. A class to class transition does not take you to the workplace. Rather such movement lands you in the classroom if you are lucky.

Experience is what you need to get a job, not a higher degree! Skills and certifications are what you must focus not an MSc or MA. A clearly planned path is what takes you to your job not more academic qualifications. Even if you are considering a higher degree, why not pick up a professional degree?

Please do not misunderstand this. This is because with a Master’s degree, you are qualified to teach in a university. Nevertheless, what the industry requires from you is the skills you possess and the value you are ready to offer. Those two give you the job.

Many graduates today in Nigeria are not competitive! A lot do not understand what they have spent four or five years of their lifetime in the university. Apart from the theories, Nigerian graduates are not clear on which value their degrees should ordinarily bring to the table. If you find it difficult, after having spent four years in the university, to define exactly what value should your qualification offer you and the society, then you are a candidate destined to stay long in the job market. You may eventually end up going for a higher degree which would not take you anywhere.

The only way to build your career and get a job is to be clear about what you intend to do and discover skills you can garner to position you well ahead of others. In doing this, you must have a clear vision of where you are heading. This would guide you in picking the right skills and certifications. It would also assist you to know the right place to secure the needed work portfolio and some experience. Good enough, it is easier to pick up skills online these days. They are free.

Always have it at the back of your mind: your first degree, supported with other certifications and skills plus experience, should be enough to open the door for you. And not a further academic qualification.

The Biggest Illusion in Nigeria

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I read comments on the reintroduction of toll gates article with many people recommending for Nigeria to reduce expenses to avert fees and taxes. Simply, many Nigerians do think that the Nigerian government is spending a lot of money, and could be cut into shape.

People, nothing like that. This is one area our successive governments have failed Nigerians: no one has told us that we are relatively “severely” poor, and exceedingly underperforming as a nation. Nigeria does not have excess spending problem – the fact remains that Nigeria does not even have enough to spend (note that I am not arguing on the efficiency of the “little” spending).

Nigeria’s national budget is $24 billion for 2019. South Africa budgeted $122 billion. South Africa spends 50% of our national budget on healthcare alone! Yet, Nigeria’s population is more than 3 times South Africa’s. I do not share this without the consciousness that I carry the Nigerian passport.

Expenditure in 2019 is expected at R1.83 trillion, with the bulk (R1.1 trillion) going to social services.

State wages and compensation remains the largest category of spending, accounting for 34.4% of consolidated expenditure – a level which the finance minister described as “unsustainable”. Measures are in place to realise a R27 billion reduction in spending here, he said.

Yes, we need to stop the argument that government has tons of money that can be cut. If you go through 2,000 years of economic history, nations rise when companies evolve and pay taxes so that government will have money to spend and improve institutions. This is the fact: Nigerian public institutions will not advance until the private sector does, because the resources to improve them are in the taxes. Even if you remove corruption and save $24 billion in Nigeria, we are still not there!

Nigerian Budget Source: Deloitte Nigeria

 

2019 South Africa budget (source: Businsstech)

As Carnegie pioneered U.S. steel sector, he wrote the ordinances, made money before government came to regulate it to avoid it from destroying itself! As Mellon, JP Morgan and other financial titans shaped U.S. banking, government waited, and then went in later to regulate the sector at scale. As Amazon devoured retail, U.S. waited until it moved with ecommerce regulations by requesting local tax collection.

As Rockefeller changed oil business, he provided the money government used to regulate Standard Oil. He was an oil man, and paid the poison pill. Across markets and domains, the private sector has always funded the public sector. Regulation, taxes and those fees are how governments monetize those moments.

Nigeria does not have a dynamic private sector and Nigeria does not have money – do not think government needs to be cut into shape. The fact is this: the government has no money to spend.