DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6977

How Nigeria’s Innoson Motors Can Become Africa’s #1 Automaker

0
Nigerian made car (source: Innoson)

By Nnamdi Odumody

Innoson Vehicle Manufacturing Company, the Nigerian automobile car manufacturer, has plans to become the number one automobile manufacturer in the African continent. This is an audacious ambition considering the fact that the world’s leading automotive manufacturers like Toyota, Hyundai, Volkswagen, Honda, Ford, and General Motors have some forms of manufacturing either directly by setting up assembly or production plants, in some countries on the continent, or indirectly, via franchise with local auto dealers in selected countries.

Innoson currently produces SUVs (Sport Utility Vehicles), Sedans, Buses, Trucks, Armored Vehicles for the Military and Paramilitary as parts of its product lines. Except in the eastern part of the country, and some federal agencies like the security agencies, the brand isn’t attracting the required patronage from local consumers. The reasons include high cost of vehicles, and lack of advanced technology features which are part of what the foreign brands sell to clients.

All over the world automotive giants have redesigned to become technology companies in order to keep pace with the consumers of the future who are tech savvy and prefer augmented auto experiences.

In Japan, a technologically advanced nation, Toyota, the national pride and world’s no 1 automobile manufacturer filed more patents than the consumer technology giants SONY, and Panasonic. In 2016, Toyota had 3792 inventions while Korean automotive giant Hyundai, U.S automaker Ford which pioneered the assembly line, and German auto giant Mercedes Benz had 2714, 2048 and 1922 inventions respectively.

In the field of artificial intelligence which enables autonomous driving, Toyota is pioneering with its cutting edge innovations from its Research and Development Labs across the globe. Its Intelligent Mobility service E-Pallette is a game changer, creating a new ecosystem which will enable delivery agents offer an augmented experience to their customers. Volkswagen group has decided to spend $44 billion euros in the next few years on production of electric vehicles and other technologies to keep up with the shift to climate friendly automotives instead of combustion engine fossil-fuelled ones.

Strategies for Innoson To Adopt in Ensuring Its Transformation

  1. Embrace Design Thinking To Offer The Best Customer Experience: Innoson needs to embrace design thinking through all the production stages from product design to final production, and up to marketing of its vehicles to offer the best customer experience.
  2. Utilize Additive Manufacturing in Design and Production of Parts: 3D Printing or additive manufacturing has the potential to reduce production cost of vehicles. Innoson should utilize this technology to produce parts of its vehicles to make them environmentally friendly and affordable to consumers.
  3. Produce Hybrid Vehicles First and then Shift To Electric: Considering the fact that electricity generation is a major problem on the African continent, Innoson should produce hybrid cars, running on gasoline and electric batteries. This is because we are rich in fossil fuels, while poor in electricity infrastructure for energy generation; so, to satisfy the two set of consumers, that strategy is important. More so, as the awareness of electric vehicles goes high and infrastructure to power electric vehicles advances across Africa, the shift to electric vehicles will yield value over time.
  4. Become a Platform: Innoson should become a platform business to aggregate vehicle owners who will want to use its products for car hailing services across the continent. Innoson will give them the vehicles to run as business while the data gathered through the platform in real time, powered with blockchain technology, will be utilized to improve their operations and revenue will be shared among parties.
  5. Integrate Advanced Technologies into the Vehicles: As data is the new oil, the Innoson platform should create an end to end channel for data which will be gathered in real time, from consumer behavior, utilizing machine learning, deep learning, and natural language for conversations. These elements should be processed in African indigenous languages as well as in English and French, anchored on blockchain technologies to understand the African auto driver, environmental and climatic conditions under which we drive vehicles, and acting based on those insights, offer an augmented experience for the modern day driver.

The Innoson Motors Vision, Building Africa’s Largest Indigenous Car Company

18+ Speakers Line up for Big Data and Business Analytics Conference 2019 in Lagos

1

  • Professors Ekekwe, Sonaiya, Ghose, Ndemo, others endorse the DABConference

Lagos, Nigeria: February 10, 2019: Information and Data Analytics Foundation (iDAF) has lined up over eighteen speakers for the maiden Big Data and Business Analytics Conference (DABConference).

The three-day Conference is scheduled to hold from March 5 to 7, 2019 in Lagos, Nigeria under the theme: Unleashing the Power of Data Analytics to Drive Business Results.

The Conference aims to bring together the leading figures in the Big Data and Business Analytics circle across Sub-Saharan Africa to share insights on leveraging data for strategic business decisions, with Prof. Yemi Osinbajo, Vice President, Federal Republic of Nigeria, as the Special Guest of Honour.

Line up of Speakers include; Prof. Emmanuel Sonaiya, Professor of Animal Science at Obafemi Awolowo University (OAU), Ile-Ife; Prof Ndubuisi Ekekwe, Founder and Chairman of Fasmicro; Prof. Anindya Ghose, Professor of Business at NYU, Stern; Yemi Keri, CEO of Heckerbella; Shingai Manjengwa, CEO of Fireside Analytics (Canada); Bayo Adekanmbi, Chief Transformation Officer, MTN Nigeria; Andrew Collier, Lead Data Scientist at Exegetic Analytics (South Africa) and Prof. Bitange Ndemo, Professor of Entrepreneurship (Kenya); Ugwem Eneyo, CEO Solstice Energy Solutions; Hon. Afam Mbanefo, Commissioner of Agriculture, Anambra State; Theo Medeiros, Founder of iDAF.

Others are Adeyemi Odeneye, Lead Data Scientist; Temitope Azeez, People Director, Jumia Services; Tony Ayabam, CEO of Infohob; Adedayo Ojo, CEO of Caritas Group amongst other speakers.

The Conference shall explore Insights and Analysis, while evaluating the African market opportunity, identifying top-ranking industries and providing market forecasts by over 18 high profile Big Data and Analytics experts who have confirmed attendance.

“Big Data has the potential to have a considerable impact on just about every industry. Its promise speaks to the pressure to improve margins and performance while simultaneously enhancing responsiveness and delighting customers and prospects or the citizens when you assess the impact of Big Data on governance,” says Theophilus Medeiros, the lead convener of the DABConference. “Despite this compelling value proposition, businesses and decision-makers will need to take a proactive approach to harness and turning insights to improving business decisions or as the case may be.”

“The primary objective of the DABConference is to discuss ways businesses can take advantage of their data as intellectual property to make informed strategic business decisions. It is time for business leaders and policy-makers in Africa to shift from intuition-based decisions to making data-driven decisions that align with organizational strategies” Medeiros explained.

The Conference, according to the Lead Convener, will include panel discussions, workshops, executive network cocktail, Hackathon and exhibitions from brand and stakeholders.

On his part, Prince Ogwuru, co-founder Information and Data Analytics Foundation (iDAF) said, “The understanding and adaptation of data-driven decision-making using big data analytics provide the pivots for the evolution of next level peer-to-peer accomplishments in organizations. Thought leaders in various sectors of the economy, therefore, must buy into the big data analytics ecosystems to stay ahead of the curve in the ever-evolving marketplace.” The Big Data and Business Analytics Conference 2019 promises that platform. He concluded “Intrinsic in data is the change code an organization requires and the elevator pitch you need to blossom.”

How to participate and Display your Brand

The conference hosted by iDAF in partnership with DPR, ManiFold, DigitalPRWire, TechEconomy.ng, provides an opportunity for brands to showcase their products and services to over 1000 participants expected at the event while registration has started at the website – dabconference.com.

Join Prof Ndubuisi Ekekwe, Prof Yemi Osinbajo and Prof Anindya Ghose in Lagos (March 5-7) for BDBA Conference

What African Investors and Entrepreneurs Can Learn from Marathons

0

By Nnamdi Odumody

The recently held Access Bank Lagos City Marathon 2019, the fourth edition since it commenced in 2016 saw Sintayehu Legese, an Ethiopian emerge first finishing the race in 2hrs 17 mins, while Joshua Kiprotich a Kenyan came second in 2hrs 18 mins. For Legese his prize money for 1st position was $50,000 and Kiprotich, $40,000. They defeated over 50,000 participants from different countries including Nigeria the host.

The preparation for a marathon is different from that of a 100 metres, 200 metres race which are short distances. A marathon is a journey of endurance which is why usually those who run short distances and  some others who think that going to the gym to shed weight without getting used to jogging or running long distances find it difficult when embarking on the competition. Those who win don’t begin by sprinting like Usain Bolt when they haven’t gotten to half of their journey. They start on and gradually increase their pace till the finish line and after winning the preparation for the next competition begins immediately  to keep their body fit and ready ahead of time.

A couple of Nigerians enraged at the dominance of the Kenyan and Ethiopian athletes who are world champions and winners since the marathon started three years ago began running as if it were a 100 metre race for a distance of 42.5km and when they got to Third Mainland Bridge which is about 15km from the start point, many collapsed and couldn’t continue.

When Jeff Bezos began Amazon in 1995, he just wanted to create a wonderful customer experience for people to get books online. Twenty four years down the line it became a $1 trillion company selling virtually anything and offering more advanced products which helped it scale like it’s cloud computing services AWS which is the global market leader. Sergei Brin and Larry Page created Google as their Phd thesis to find a better way of providing search with algorithms better than what Yahoo the dominant leader then was doing.

Today more than fifteen years since their first version was released to the public over a billion users use Google’s Gmail, Youtube, Android Operating System, Google Cloud, Google Drive and so many much more products. It is important to note that the two companies aforementioned were not earning money immediately they launched or profits on revenues. For Amazon it took a long period before their profits started coming because e-commerce is a business which takes time to scale due to issues around logistics, trust from potential customers and supply chain. But those who invested in the brand saw and admired Bezos vision for the bigger picture he wanted them to see and kept faith.

In Nigeria and Africa, infrastructure to help entrepreneurs scale is a major problem. This is the major reason for high mortality rate of startups on the continent, and due to the poverty prevalent, most entrepreneurs when they commence new ventures feel discouraged  when the money doesn’t start coming immediately as capital is scarce and investors here lack the patience like their counterparts in Silicon Valley and Beijing, the two top startup ecosystems in the world who can keep on funding startups for five years and wait for them to start earning revenue and be profitable. African entrepreneurs and investors can learn from marathons to endure the hard times and keep on supporting and developing the venture until it succeeds as both parties will celebrate the success when it arrives.

2018 Was Breakout Year For African Startups On Funding (See Plot)

Just Arrived The OPEN Lagos

0

I just arrived Lagos – the most OPEN city in Nigeria. I was here ten days ago, and spent a day in Epe Resorts on a Board session. As we drove into Epe, I did not see many posters of politicians unlike what I saw in Ikeja, Ikoyi, VI and other major cities in Lagos State.

Certainly, it was not hard to understand why: modern day indirect rule used by political parties work well outside major cities in Nigeria. Simply, have a solid local political chieftain, and you are on your way to control most votes under his domain. The implication is that campaigns in most rural areas are not necessary intense once the gatekeepers have been secured. Indeed, the real campaign is politicking for those gatekeepers to align with the candidates and parties. And once executed, parties will expect them to instruct their “subjects” the people to vote. That might have been the reason while Epe did not have many posters as the lords have made the calls already!

But after the Board session, we drove back to the open Lagos. There, I saw many posters with politicians making their cases on why they would be the ones to deliver that future we all crave in Lagos and indeed Nigeria. Unlike Epe, politicians were making efforts to sell their visions directly to Lagosians because in Lagos individual liberty is high. That liberty is at the center of the entrepreneurial capitalism which everyone admires in this open city.

Lagos is Open. A young man comes here with CV and certificate, and leaves as a captain of commerce and industry. A young lady comes with nothing but commands one of the fastest growing fast food empires in Africa. Some that never entered school, came with nothing except ambition and optimism, and made it back to villages driving Mercedes Benz.

As I look at the horizon, I can see an unbounded and unconstrained energy from the lagoons. Bigger than the economy of Ghana, larger than the economy of Kenya, Lagos is the nation within Nigeria. It is called the Centre of Excellence; in all ways, it is where you find the best of Nigeria.

I am in Lagos – the very best of this nation for trade and commerce. Yet, I continue to wish that we can have more cities like Lagos in Nigeria. Yes, we need more Lagos, as by doing just that we will scale abundance and opportunity, taking more people to the mountaintop.

I am HOME.

Sanwo-Olu’s Adaptive Micro-Messaging for Governor of Lagos State

Young Nigerian Heroes

0

By Samuel Odebode

There is this false notion, a great falsehood among Nigerians in the diaspora that they have the magic solution to issues in Nigeria, they compare their newfound near perfect system and cry out for more things to be done in Nigeria, they look at the roads, power supply, housing, basic infrastructure, beautiful environment and workplace condition, not to talk about the disparity in value of the ‘almighty’ dollar or pound they get from readily available hourly income to that of the ‘not too mighty’ naira. You are very wrong to make such comparison of these two system, race and environment.

I recently visited Nigeria after 5 years hard and adaptive sojourn in St John’s Canada with an average weather temperature of 8-degree Celsius. Going back home, I took the BA flight and landed in MMA Lagos after 28 hours fatigue laden flights including two stop-over at Toronto and London to inhale that long lost sweet hot air of my beloved fatherland, it was an ecstatic moment indeed, despite the deafening horn sounds and heavy high beam lights illuminating visually from all vehicles on Lagos roads, I wasn’t perturb because I am back home for good and to see my beloved families and friends especially my childhood cousins and neighbours who are now married with kids, and there wasn’t any better opportunity than the interment ceremony of my beloved late uncle Victor.

As I set out to travel 330km east of Lagos to my birthplace next day, my motherland in a better word, a place where I spent the first 21 years of my life, learnt my mother’s language Ora, got basic understanding of the Bini language, annual visit to EBS trade fairs for fun and dance, got numerous leadership roles in primary and secondary schools, volunteered with Nigeria Red Cross Society, admired few couple of girls, wrote numerous love letters, met some beautiful girls, got born again, preached the gospel at school, participated in crusades at various communities, trekked home through numerous bad and flooded roads, ate fish meal with some great Warri guys I met during my days at Auchi Polytechnic, always telling me ‘chop fish o-o-oh, chop fish o-o-oh’, poor me, I was trained to eat fish or beef at the end, not during meal.

Going to Benin City, I opted to travel by road rather than flying, so I could see some landmark on my way to motherland, Landmarks like the various church camp sites along Lagos-Ibadan express way, Sagamu town my favourite stop point during my Polytechnic Ibadan days, the stop-over town of Ore to eat some local delicacies, University town of Okada access road gate, to see the changed police force, custom and road safety officers at various check points, the new looking federal road to Benin, my university-UNIBEN beautiful new gate, and also to experience the new looking Toyota hiace bus use by God Is Good Motors, the well-dressed drivers, o-oh sorry my friend they are called Captains not drivers, Infact we were warned before departure not to make the mistake. As I took the 3 to 4 hours journey to Benin City, I saw what my people go through daily, I saw same old issues are still present, I saw the smile and laughter from these faces, despite the hardships, I saw the genius, sincerity and positive passion to survive and get food home at the end of the day. As I sat on the bus looking through the curtained window of my air-conditioned bus, I saw the complete absence of governance, unnecessary suffering on the streets, it was a sober moment with tears coming out of my eyes, I finally saw the real challenges these heroes pass through every day to make their life better, in a society that offers little or no help.

I know we might talk about the epileptic power supply, poor road network, lack of public supply water, high rate of unemployment, absent or blocked drainages, poor traffic and transportation system, poor medical facility, no affordable housing and insecurity as top predicament in Nigeria. But, that’s not true brothers and sisters, the number one drawback in Nigeria is the belief system, yes, our belief or faith system, these give birth to our psychological makeup, plays a great role to how we are intrinsically motivated, how our thought pattern are moulded. I have seen that collectively as a people our fight for a high standard of living is too weak, our drive, passion and action wheel are always thwarted by friction called divine help or favour. This is where the big gulf between thought patterns in countries where things work and where things don’t work.

In my 5 years sojourn in winter wasteland-Canada thus far, problems are looked at logically and experts are called upon to evaluate, analyze and proffer solutions…which is always subject to political and scientific debates, stakeholder consultations, feasibility study and impact on the environment, plant and animal species and then set-up of a project management department to management agreed upon solution from initiation to closing process, keeping such project within scope, budget and schedule and other blah-blah-blah-blah in PM.

In Nigeria, problems are often looked at spiritually, let’s talk about the gully erosion issue in Benin City, my hometown, every year, I repeat every year, houses and schools are flooded, numerous homes destroyed, people and property worth billions of naira are lost. Do you know what will follow after this catastrophic incident? All manner of prayers from the palace, churches and mosque comes flooring in, numerous displaced residents crying for help, then the government pay a visit and promise to help and compensate, repair the road, and clean the drainage. Did I say to repair the road yes, then immediately contractors are mobilized to site to start construction and government and well-meaning individuals pay compensation to affected people, what a magical wave, everybody is happy again, a caring governor, a listening governor, the people governor blah-blah-blah. Then the professional, yes, the people with ‘Engr.’ ‘Prof.’ ‘Dr.’ etc. has no comments, no comments mean all is well.

Guess what will happen the following year? Any devastating gully erosion again, this time more houses away from the previous location are affected, perhaps the new roads are still standing but the shallow drainages are covered again with dirt thanks to street trading, illegal waste dumping and erosion sand. The cycle starts all over again, prayers, governor visits, tears, compensation, construction, cleaning etc. This cyclic ‘act of God’ or what I call ‘act of visionless’ happens annually but our professional engineers have no comment, in fact, some just grew more pot-belly from membership’s dues and kickbacks from the last visit to politicians. Our professors, our learned ones are busy discussing getting more salary, more allowances if not strike here we go. Yet, my people are so happy, armed with shouting and inspiring scripture verses from the Holy Bible and Holy Quran to back up the current predicament, more tithe payment, seed offerings, Sadaqah, more hours of religious worship, more spiritual pictures to show I made it, I survived on social media. Then the favourite yearly rituals of 31st December crossing-over service for a fresh and better start coming again.

The people who looked at their problems logically and proffer technically sound solutions, with months of planning, debating the problems are busy drinking wines, alcohol and dancing in the various homes or clubs on the 31st December to celebrate their successes and achievements, my brothers and sisters in Nigeria are crying, praying, and sowing cash for a new miraculous, trouble-free and divine filled new year again. Some actually give up halfway into the new proposedly divine year and seek to travel out of our spiritual and godly country to another country where homosexuality is allowed, cannabis freely smoking, church attendance abysmally low, alcoholism number one top problem, drugs use a big issue but things are working, yes things are working to the extent humanly possible. I repeat again things are working and why? Because our worldly problems must be handled logically and backed by technically verifiable researches and findings.

In all this chaos, some home-based Nigerians are staying strong, innovative and changing their communities despite these challenges, I respect you because you are the true hero. All foreign-based Nigerians are cowards who ran away to enjoy the comfort created by those old colonial masters, slave-owners, white supremacist and those who believe and call the black race subhuman beings either by an intentional or non-intentional act.

It is time to get back home and join these heroes and make the black race a better race not subhuman race as it is today, thousands dying yearly on Mediterranean Sea with no action from the Africa Union, millions of Africans living in subhuman conditions in various places all over the world. Until you get back to Africa to help, please keep that criticism of your government, your society and proffer solutions based on technical research, not random hypothesis based on comparing both environments. Stop showing us the nice environment, stop showing us your nice mortgage homes and cars, stop enticing people to leave Nigeria, show them compassion, extend an helping hands, adopt a library or school, send us medical aids, invest back home and tell us how great we can be if this and that is done by actively partaking.

Let’s join hands together to change the subhuman tag to superhuman tag, the Chinese did it, Indians are doing it now, and we Africans can do it too starting from Nigeria the most populous black nation on earth. A working country – Nigeria is a working and better one black man out of ten in the world, thanks again to those heroes that never ran away like many cowards like us.

********Coward means “a person who lacks the courage to do or endure dangerous or unpleasant things”.