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Home Blog Page 6731

NebulaPay Group Pay (Video)

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Three of you have gone to the restaurant; the jollof rice was awesome.  The associate brought the bill. You knew Isu added nkwobi. Adamu took one zobo while Femi is taking extra amala home. How do you pay this one bill with your debit/credit cards? You agree that it does not look cool to ask the associate to generate 3 separate bills! Do not worry: NebulaPay is here. With NebulaPay, many people can simultaneously pay one bill. 

In this video, these roommates are paying their rents. The landlord is a NebulaPay merchant. He sent just one bill. With Nebula, both roommates pay it using Nebula Group Pay. It enables the splitting of electronic bill at scale.

NebulaPay is one of our newest startups – it also makes it possible to make payments through Facebook chats, Skype etc.  Yes, no need to stop the Facebook chat when that customer likes the hairstyle. Just send her a chat pay command, and she will click and pay!

 You will be learning more next week.

 

#DataSovereignty in Nigeria

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When we talk of #DataSovereignty we mean the ability to build data centers which host and process our data wholly and locally in Nigeria. If Data is the new oil, Nigeria needs to have that oil refined at home. Yes, we refine and then export capabilities around the world. Our partner, Layer3.cloud, has built a 100%-compliant indigenous cloud computing infrastructure in Nigeria. It meets all the required NITDA specs. These young people (above) can help you get started – and they can come over to help you go Layer3Cloud.

The Amazing Nigeria’s Layer3Cloud – Indigenous, Data Sovereignty, Low-Latency

 

How To Manage Lack of Experience When Job Hunting

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Job hunting without much work experience can be really frustrating.

Employers will tell you that you need more experience, but how are you supposed to get it if no one will employ you?

Here are a few tips that will help you bypass your lack of experience in your job search. 

  1. It doesn’t have to be about the formal experience; it can be about personal traits you bring to the job, or other less formal qualifications.
  2. It is not necessary for you to have every single qualifications listed in the job advertisement; people get hired all the time without being a line-for-line match with the job posting. You should have most of the qualifications, you definitely don’t want to apply for jobs that ask for 10 years of experience when you have been working for one year.
  3. If the Job Ad asks for three to five years of experience and you have two years, and you can write a really good cover letter and point to great achievements in those two years, then you can go ahead and apply.
  4. Yes, it would be nice to step into full-time employment, but if no one’s offering you a job, look for ways to get more experience for your résumé. Part-time jobs, internships, volunteering or even just doing projects on your own can mitigate some of that experience deficit and make you a stronger candidate.

While all of the tips above help strengthen your candidacy when you don’t have much experience, it’s also important to be realistic about the types of jobs you’ll be considered qualified for. In a tight job market, where employers are bombarded with highly qualified applicants, there’s little chance of them considering people who are less qualified.

You will have the most success if you carefully target jobs you truly can prove you can succeed at – not just jobs where you think “I could do that,” but jobs where you can point to specific evidence that you will excel.

What is reflected in your cover letter, résumé and interview are what will make them excited about hiring you?

Something Big Is Coming With Vanguard Newspapers Nigeria

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Something big is coming. I want you to hold that training budget intact [do not spend it yet] because I will run a workshop in coming weeks under a partnership with Vanguard Newspapers. I promise you that it would be SUPERB. The location is Lagos – the centre of excellence. I will co-learn and co-share with the participants on the mechanics of business as we walk through innovation, growth, and digital.

I will return in the coming days with more details and how to register. I just want to tell you to begin to plan. Alert your supervisor, HR, CEO, etc that the training you desire is coming. Let’s learn together and fix market frictions in Nigeria, innovatively.

One of the sessions will be on Digital Growth on AfCFTA. All participants will begin with a new piece coming from Harvard Business Review where I have examined the promises, the opportunities and things to note.

You cannot miss the program – email my team to inform you once registration begins.

 

 

 

Kaduna Implements The New Minimum Wage, Other States Dragging Feet

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The Kaduna state Government has announced the implementation of the 30, 000-naira minimum wage, starting from September. The State Executive Council announced on Monday after deliberation on the impact the implementation could have on the states’ finance.

In a statement signed by Muyiwa Adegoke, the Special Adviser to the Governor on Media and Communications. The State’s Executive Council said the decision was spurred by the desire to improve the standard of living of workers in the State, which prompted the review of pay process back in 2018. And a cabinet committee has been set up to explore other means of revenue for the sustainability of the new salary structure.

The new salary structure means an increment at the tune of 67 percent for the most junior worker and middle rank workers from grade 10 – 14 will get a 60 percent raise.

But the State Executive Council is not oblivious to the financial challenges the decision will pose to the Kaduna State Government. According to the statement, paying the new national minimum wage and consequential adjustments will increase the wage bill of the State Government by 33 percent. And gross monthly salary outlay will rise to N3.759 billion from the current N2.827 billion.

That’s additional N1 billion to the monthly expenditures of the State, and that means wages are taking the Lion’s share of Government’s spending. And the only way to survive is to diversify means of revenue generation for the State. A situation the State Executive Council said they thoroughly considered before nodding yes to the approval.

“Guided by the twin principles of ability to pay and sustainability, the government considered several scenarios, bearing in mind the trend of internally generated revenues and allocations from the federation account. Several salary scenarios were considered, and one option was identified as the most prudent. A final decision was suspended as negotiations for a new national minimum wage appeared to gather momentum. It was reactivated after the Federal Government announced a new national minimum wage.”

Meanwhile, other states have been dragging feet in implementing the N30, 000 minimum wage that was signed into law in April by President Muhammadu Buhari. Although there have been some states who indicated interest to pay: like Sokoto, Bayelsa, Edo and kano, majority of the states are not forthcoming, with some states admitting their inability to proliferate their Internal Generated Revenue (IGR).

It could be recalled that many states were unable to pay workers N18, 000 minimum wage for months, until the Federal Government provided them with bailout funds. Even at that, some states are still owing workers. Apart from Lagos, the rest of Nigerian states depend solely on the revenues from the Federal Accounts Allocation Committee (FAAC), which has not been sustainable for years now due to low oil revenue.

The slump in oil prices has created a vacuum in the states’ financial structure that they don’t know exactly how to fill. And many Governors have resorted to borrowing to foot their states’ bills which is mainly wage bill.

So the excitement and hope that followed the passage of the new minimum wage bill are dying a slow, unfortunate death. The Nigerian Labor Congress, has threatened to embark on a nationwide strike if the new minimum wage is not implemented in all states as soon as possible.