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Home Blog Page 7042

He Has a Great Job, from a Multinational Company in Lagos

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I do read testimonials how people have taken some of my insights here to interviews and scaled the hurdles. Two months ago, a man going for a management interview studied and spoke on one specific framework, internalizing it to that specific company. Because the interview was high profile, I did spend time working on a strategy slide for him to present before the assessment board. The plan was to offer a new nexus for that firm under his leadership. He succeeded.

But the most fascinating feedbacks come from entry level graduates. I had pushed many to be (productively) visible online, offering free hosting courtesy of my non-profit African Institution of Technology. Today, a young graduate is starting in a Lagos company (a multinational consulting company). Over the last few months, he has been writing and even sometimes summarizing articles written by others, drawing applications from them. When he went to the interviews, those articles provided deeper thought-leadership advantages ahead of his peers. This is his note, redacted to protect his privacy:

Good afternoon, Prof.

Thank you so much for all the impacts you have made in my life. I knew I really did not need to meet you face to face before my life will be shaped by the messages you share.

You may be wondering what on earth you have done for me! I know one day, God will empower me to return the act of love and generosity. Your messages inspired me to register my company and start putting up my pieces of writings on a blog your team designed for me after I read the piece on “How to get Job in Nigeria.” I didn’t have the money to pay for the blog design then being a young boy who just finished …{redacted as private details shared}.

Today, I am an {redacted} Professional services … Indeed, those principles you taught have helped me to unlock opportunities.

“You have blessed my life beyond what you could imagine. I hope one day, I will say thank you in a better ways than my words can tell.

I thought to say thank you after I read your piece titled “My First Day in America and Kindness of Diamond Bank Lagos.” I was touched by the story and I hope to share the summary of your story on my blog if given the opportunity and also reference it to the full link of the article.

I couldn’t tell you thank you when I met you in LUTH at the AI Program but I was glad I was able to take a photo with you.

Thank you for the mentoring.

In this age of internet, you interview for jobs even when there is none before you. You must let people know what you know, and can do!

 

The Empires of the Future Will Be Built This Way

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Many in our community have asked for more insights and perspectives on Platforms after I ran the piece where Uber commanded more market cap than GM, Ford and Fiat Chrysler combined. I had noted a new business model that would rule the 21st century, anchored on the unbounded and unconstrained distribution channel of the internet, delivering near-zero marginal costs with territorial conquering scalable advantages.

In this piece, I present the elemental relationship with a video, on Aggregation-Integration Construct, explaining at a deeper level what is going on. The empires of the future will be anchored on this Construct.

 

Nigerian Government Proposes a $29 Billion Budget for 2019

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2018 Nigeria Budget

Nigerian government proposes a national budget of N8.7 trillion for 2019 fiscal year. That is $28.6 billion or $24.25 billion depending on the exchange rate you prefer (bank rate or black market rate). On absolute naira, it is lower by N400 billion when compared to 2018 budget.

The Federal Government of Nigeria has proposed N8.73trillion for next year’s budget.

The sum is N400bn lower than that of this year.

The Minister of Budget and National Planning, Udoma Udoma, stated this Wednesday at the end of the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the State House, Abuja.

Mr Udoma said the council has pegged the price of crude oil per barrel at $60, as well as exchange rate at $305, while daily crude oil production is put at 2.3m barrels per day.

He said Medium Term Expenditure Framework (MTEF) for 2019 to 2021 has been approved by the council and that it would soon be submitted to National Assembly for further consideration.

The World’s Reigning Business Model – UBER $120 Billion

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One thing unites all leading modern technology companies: they are platforms. From Google to Facebook, platforms drive competitiveness through near-zero marginal cost which practically triggers the winner-takes-all outcome, as I noted recently in Harvard Business Review. Platforms create moats which ensure these ICT utilities are not easily disrupted because once a platform takes off, its inherent mutability makes it better, through a positive continuum in an amazing digital virtuoso circle. Yes, once that platform gets a separation, it attracts more users, and more people join, and that process makes it even better that after many circles, it conquers its territory as the undisputed category-king.

Uber’s $120 billion

Uber is projected to hit the market at $120 billion valuation, WSJ reports. That is more than the total market values of Ford, GM and Fiat Chrysler.

Uber Technologies Inc. recently received proposals from Wall Street banks valuing the ride-hailing company at as much as $120 billion in an initial public offering that could take place early next year, according to people familiar with the matter.

That eye-popping figure is nearly double Uber’s valuation in a fundraising round two months ago and more than General Motors Co. , Ford Motor Co. and Fiat Chrysler Automobiles NV are worth combined.

Uber’s plans now set up a race with rival Lyft Inc., which is also eyeing a debut in the first half of the year, The Wall Street Journal separately reported Tuesday. Lyft’s valuation is expected to top the $15.1 billion it sold shares at privately this year.

The business model which Uber has deployed in the logistics sector is called Aggregation – a key component of that platform business system. It is the winning business model of the 21st century in the technology space where Internet has enabled the scaling of many things through an unconstrained distribution, enabling near-zero marginal cost. Nearly all companies in the top 20 digital technology companies have some elements of this business model. If your business model cannot incorporate this, it is possible you are missing something strategically, as a technology company.

2018 Internet Trends â?? Top 20 Global Internet Firms; US 11, China 9

World Bank’s IFC Plans to Invest $3 Million in Nigeria’s Kobo360 Logistics, IFC Filing Shows

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World Bank’s IFC Plans to Invest $3 Million in Nigeria’s Kobo360 Logistics, IFC Filing Shows.

IFC is considering an equity investment of up to US$ 3 million in Kobo360 Inc (“Kobo”).

Kobo is a long-haul e-logistics B2B platform utilizing an “Uber for trucks” model to develop a marketplace matching cargo owners with long-haul freight needs and truck owners who are able to service them.

Through its internally-developed digital platform, Kobo is disrupting the transportation and logistics market in Nigeria offering a strong value proposition to key stakeholders in the sector including cargo owners, transporters (and drivers) and cargo recipients.

Kobo optimally matches demand and supply of trucks, providing predictability, reliability, price transparency, and increased utilization of otherwise idle assets in the highly fragmented trucking market in Nigeria.

Given the strong population growth expected (Nigeria will be the third largest country in the world by 2050), logistics will become even more important to support booming sectors such as manufacturing, agriculture, commodities, fast moving consumer goods (FMCG), etc.