DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6967

Nigeria Needs World-Class Products Engineered for Local Markets

0

By Nnamdi Odumody

Every great nation which has achieved sustainable development is built on a strong foundation of innovation. From when Henry Ford in the early 20th Century pioneered the Ford TT as the world’s first assembly line, to General Motors range of cars targeted primarily at American consumers, and Volkswagen Beetle evolution as the premium vehicle for the Germans during the Second World War due to its shape, size and cost, local brands have defined the economic prosperity of nations.

After the Second World War when the shift in global manufacturing relocated to Japan as a result of the Kaizen Revolution which Dr Edward Deming introduced to the Japanese, Soichiro Honda, Shiji Toyoda, Akiro Morita and Konosuke Matshushita began the development of the now global brands – Honda, Toyota, Sony and Panasonic – by creating world-class products primarily for the Japanese, later Asian and finally global markets.

China’s rise as the world’s second largest economy and major technological player will not have been possible without these brands, engineered primarily for the Chinese consumers

Brand                    Category King

Alibaba               Electronic Commerce

Huawei               Telecommunication Equipment

Xiaomi                Consumer Electronics

Tencent               Consumer Internet

Geely                  Automotive

BYD                    Electric Automotives

DJI                      Consumer Electronics

Baidu                  Consumer Internet

Ping An Insurance            Financial Services

Ant Financial                     Financial Services

Oppo                                 Telecommunication Equipment

Oneplus                            Telecommunication Equipment

Face++                             Artificial Intelligence

 

In Nigeria, a couple of local innovators and businesses have actually come up with world class products engineered for our local market. In Agriculture and Healthcare, FASMICRO’s Zenvus and Medcera are intelligent solutions to transform the Nigerian agricultural and healthcare industries for the 21st century using artificial intelligence respectively.

Dr Collins Agu of I-Habitat has developed the Obuno and Amadioha range with about 80 percent local components for Smart City and other Internet of Things applications in Nigeria. Deji Oduntan and his team at Gokada are trying to redefine the customer experience with motorbikes, a popular means of transportation in urban cities such as Lagos where traffic gridlock is the order of the day.

Marcel Ofomata with his company Amaecom Global has provided a flexible structure of getting finance for your assets. Chidi Ajaere has changed the face of interstate transportation with his GIG Motors offering the best customer service in the industry while Interswitch helped millions of Nigerians enjoy financial services through its platform. Konga has provided Nigerians who cannot withstand the stress of going to markets or shops with a convenient alternative, via e-commerce.

Outside the shores of Nigeria, in Kenya, MKOPA has come up with the most scalable solution to solar energy consumption for homes in Africa while BRCK is an invention borne out of necessity to solve a common problem on the continent by providing access to internet connectivity even in rural underserved locations.

Through the development of world class products engineered for our domestic and African markets, and patronage by Nigerians, local products and services will boom, delivering a highly diversified economy, not dependent on receipts from hydrocarbons for survival. The opportunities and capabilities are there, African policy makers, entrepreneurs and other stakeholders must find all the elements to unlock the promises.

The One Oasis Strategy – A Personal Application

3

By David Alade

It was early 2018, while studying the thought process of Prof. Ndubuisi Ekekwe to understand what made him so outstanding, I came across the e-book The One Oasis Strategy. To be candid, I couldn’t drop it midway. I keep reading till I flipped over the last page. After that day, I clustered the strategy in my mind as a strategy best fit for a business.

Indeed, oasis is very critical and every company has oasis. Your best product is the oasis in your business. Every other product feeds on that best product. If you build your investment around that main product, you will find success, because those investments will have a clear “customer”, and that reduces market risks. In other words, if your new business investments are geared to support the best product, and the best product is doing well, it means the risks on the new investments will be easily managed. Provided the best product continues to do well, demand on the new investment is assured. That is the One Oasis Strategy.

Fast forward to late 2018, after a careful study of the process that is shaping who I am, I coined the phrase ‘Success Leverage’ which means moving from where I am, to where I want to be, by leveraging what I have, to my advantage today.

Recently, I had some sort of spark and an eureka moment when I noticed a strong correlation between what Prof. Ekekwe calls the One Oasis Strategy and what I called Success Leverage.

What inspired the spark?

I like you to pay attention to what I call ‘The Story of How I/You Got Here’. It was at this moment that I saw a lot of doors opening up for me because I was successful in one thing already. I realized that a shut door was simply an indication that I had to develop my capabilities in that area. Once I did, that door and other doors also opened. Ultimately, doing this helped me break the cluster I had earlier created and helped me realize that One Oasis is unbounded and unconstrained in its applications as long as one can connect the dots.

Not one to horde knowledge, I really hope that this article will show you the dots on One Oasis and how to connect them to other focus points in your life.

Just for recollection, we will redefine oasis.

In geography, an oasis is an isolated area in a desert, typically surrounding a spring or similar water source, such as a pond or small lake. Oases also provide habitat for animals and even humans if the area is big enough. The location of oases has been of critical importance for trade and transportation routes in desert areas; caravans must travel via oases so that their water and food supply can be replenished. Thus, political or military control of an oasis has in many cases meant control of trade on a particular route. (Wikipedia)

In our life, forces must come together to form a shape before we attain a goal, just as forces of demand and supply must interplay in business. This forces on a personal level are always anchored on one or more few things that can be seen as a strength in personal analysis. The anchor’s behaviour is such that when properly understood and harnessed, it will be the driver of other breakthroughs in our personal life.

Ndubuisi noted, “The best product in a firm anchors its survival, just as oasis does in a desert. And every business must discover its oasis, if it hopes to thrive.” In similar way, an individual who hopes to thrive must know “product” of her/his anchor per time.

One Oasis Strategy, as Ndubuisi explained, “Is the proposition that if the best product drives key investments in a firm, it has the capacity to help other products in the business. Other products would feed from the best product, and on overall, the company would flourish.”

Refining that definition to fit our subject matter will be:

One Oasis Strategy is the proposition that if your greatest success per time drives the opportunity you aim for, the likelihood of attaining or utilizing such opportunities will be great. Those opportunities will form another source of your value proposition which when accumulated can drive another level of success.

A quick example, I started with the narrative of how a spark caused the breaking of the cluster I created. Here’s the detail of the spark, recently I messaged a distant connection to give me the opportunity to speak at one of his events. Without much questioning, he granted me the opportunity. Why? he checked my profile and saw where I work (current oasis) and for him, that was credible enough. Without that oasis, I don’t think that I would have scored that speaking engagement.

Why do I need the speaking engagement? For exposure! This, I believe, will cumulatively form another oasis that can be leveraged upon. Simply put, an oasis and its accompanying value can open up more oasis.

Another example is from a distant fellow, he planned on returning to an organization where he had previously worked. Though he had accumulated skills in other areas, he leveraged on his experience of working with the organization. There were many feet he could have put forward, but he chose this one because it was simply the right one. The result? He got the job.

How can you apply the One Oasis Strategy in your life?

Per time and per opportunity,

  1. Sit down to consider what is really required to get this job done, to get this opportunity, or to get this platform.
  2. Look within and ask, do my current abilities measure up to at least 50% of what is required to get what I want?
  3. Leverage your abilities when speaking or writing to apply or make requests.
  4. The likelihood of you getting what you want is on the high side if you follow through on the three steps above.

N.B. Another approach I use is to start from the inside out. It is all about considering what my oases are in line with whether or not to pursue an opportunity. This has helped me to experience less failures and more successes as I keep trailing more opportunities.

What you also need to note is that if this strategy must work for you, you will need to master the art of building relationships and your capabilities. Capabilities like communication skills will top my list and relationships cultivated when not needed is always effective.

Beyond Health Techs, We Need Health Insurance Plans as Healthpoint Offers

0

Good people, we started Medcera with one mission: to build a health operating system in Africa. In our platform, we bring a fusion of doctors, labs, imaging, pharmacy and insurance anchored around patients. One company we admire greatly in helping our mission is Healthpoint which is pushing the nexus of on-demand health insurance plans.

Simply, we believe that not having a formal job should not prevent anyone from having health insurance within HMO. I invite you to check them out.

Yes, the fact is this: innovation on health insurance could be as catalytic as health technology itself. That is why I want you to preach that Nigeria needs to upgrade our health insurance systems. We need innovators in this space – I am learning fast that after the techs, we need the plans.

Learn more here.

LinkedIn Comment on Feed

Most of the things we imported or copied from elsewhere haven’t worked, and yet we are not learning fast.

We argue that the problem with insurance in Nigeria borders on trust and awareness, while perhaps financial inclusion or under-banking was blamed on illiteracy. Yet, the “illiterate” citizens do esusu and its constituents, comfortably handing their fellows huge sums of money, which some run away with sometimes, and yet the contributors haven’t abandoned the practice. Yet we do not seem to innovate around what already works…

In an economy that is largely informal, and yet both the health insurance and pension scheme were skewed towards the small proportion of the population, those in the formal economy. No wonder everything keeps failing, despite investing billions, because we keep formulating policies for aliens.

We seem to have a local model for every challenge we have in the land, but the policymakers keep looking across the Atlantic for answers.

HealthPoint’s Innovation to Scale Health Insurance in Nigeria

Meet Me With Vice President Prof Osinbajo As I Keynote BDA Business Analytics Conference Next Month, Lagos

1

The organizers of the Big Data and Business Analytics Conference which comes up in Lagos next month (March 5-6) just informed me that they have discounted the registration amount till Feb 26th. I had passed the notes many shared here for support to make the program. In this event, I will deliver the keynote while our Vice President, Prof Yemi Osinbajo, will deliver the Opening Message.

Zenvus, my AI agtech subsidiary, is one of the lead program sponsors. I will bring Zenvus on stage to show how we are using electronics and AI to improve farm productivity in markets and territories.

Please notice the event is now two days to accommodate the shift in Nigeria’s general elections.

THEME:     Big Data, Analytics and African Development
VENUE:     Radisson Blu Hotel, Ikeja-Lagos, Nigeria
DATE:       March 5th – 6th, 2019

Register here 

Join me with Vice President Osinbajo as I Keynote Big Data Conference, Lagos March 2019

3 G’s of Focus: Guide, Government and God

0

By Temitope Akintola

This topic forms an integral part of a bigger picture in a three-part episode that aims at raising creative points and discussions on religion, economic transformation, taxation and policy.
The 3 G’s of focus in this write-up are:
  1. Guide (provided by parents, environment, foster homes, relatives etc);
  2. Government (Federal, state, local);
  3. God (Supreme being, controls everything).

1st G: Guide

Nigeria as been time and times described as a country of either the very rich or the poor, no middle class. One can argue that a growing middle class is now springing up as the country sets its sight on industrialization and economic diversification thereby given rise to more jobs (white and blue collar) and a fast growing entrepreneurial culture. Another school of thought would ask you to go see the names of the people breaking through in this new entrepreneurial wind and getting the big IT jobs; all these names are too familiar, their parents, uncles, relatives were/are kind of influential. You could go to Corporate Affairs Commission (CAC) to see the tonnes of companies created a day, get the addresses and then go to the location to see how many are really functional and you would be dumbfounded with the result.

2nd G: Government

The duties of the government can be summarized as the formation of human capabilities and the creation and maintenance of an environment that enables all the individuals of a society to flourish on their own and to contribute to nation-building. One can reasonably *argue* with prove that this description of the duty of the government does not hold in Nigeria. With no electricity to run businesses, how do you say that an environment for business to flourish has been created? With nepotism, tribalism and godfatherism being the order of the day, how can you say that all individuals benefit from our government? If at the end of a well worked interview in any ministry in Nigeria, you are asked to write the name of whom you know on your sheet, interviews are no longer made public for all to apply and outcome is foreknown before the interview process.  With all these foundations laid, it could be inferred that the same people that the 1st G failed would likely be failed by the 2nd G. So what if, who then do they look up to? Simply the 3rd G.

3rd G: God

The ever faithful, ever-sure, immaculate, all providing God becomes our next focus, we turn to him for a miracle, for provision, for help when other G’s have failed us. I heard someone praying to God for good leaders and she doesn’t have a PVC, people pray to God for good roads as if God works in a construction company or He’s the local government chairman, we now pray to God for what’s supposed to be the function of the  first two G’s and after a while of praying with no change, we ask if God exists in Nigeria. I know how picky you are when this subject is discussed, I am equally picky and thus, I leave you to expound on the 3rd G yourself.

All Together

To build a nation, it is very important that an integrated system evolves on Guide, Government and God. The fact is this, these elements are enablers and critical for the functioning of any national ecosystem. Failures of nations happen at home (Guide) and when the Guide fails, it is always hard for Government to thrive because the system from Guide sustains the Government. Similarly, unless Guide and Government are in equilibrium, the distortion of the third G can happen.