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Home Blog Page 7103

30 Agro and Agtech Business Ideas for Nigeria, Africa

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agtech, agro

[Note: We’ve published exclusive mechanisms to move most of these ideas into products, and potential ways you can execute them locally. Our goal is to transition the ideas into product-opportunities in your local communities. Click here] There are many opportunities in the Nigerian (and indeed African) agriculture sector for entrepreneurs to unlock, starting from the […]

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Unemployment and Nigeria’s Poor Job Science

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unemployment

Creating sufficient jobs for the citizenry is almost a ubiquitous problem among many nations. But the scale of the challenge and the criticality varies. Nigeria’s historical inability to create sufficient jobs for its people has been a major national challenge for successive governments. From an economic and national development perspective, rising rates of unemployment can be tetra headed. Nigeria’s situation could be a matrix of tens of problems, including skill/capacity gaps, macroeconomic limitations to doing business, policy gaps, infrastructural limitations, resource negligence and un-optimized potentials.

It should have become apparent that legacy approaches – which has hitherto failed – can no longer be applied going forward. Neither can the classic Schumpeterian or Keynesian formulas work excellently for Nigeria without modifications. Emphasizing “Pro-growth” “Pro-investment” perspectives alone have not and may no longer be relevant.

In the current ambience of a political transition – this problem like many others has to be frontloaded in our national political discus. It’s inevitable that an economically promising nation like Nigeria should now build thoughtful, sustainable and comprehensive mechanisms for job creation. It can be safely said, that unemployment in Nigeria is a challenge known to all but which has albeit received less than half the attention it deserves. This problem should now receive greater and renewed attention; firstly from the government who has the onus of building the right frameworks for job creation and secondly from the private sector which owns the vehicles required to drive job growth.

Is job creation a science? Could there be country-adjusted mechanisms for reducing unemployment rates and what is Nigeria’s own job science?

If job creation is a science we have not studied it and we do not understand it either. For a major economic and national problem, pockets of mention, siloed efforts domiciled at different levels of government and unilateral efforts within organization in the private sector will not deliver the level of inclusion needed. Nigeria is due to craft a faultless job creation science that demonstrates a deep perspective on the matter and which appropriately depicts the scale of the problem.

The horizon for this problem has changed significantly; because the population boom, witnessed in the last few decades, coupled with a predominantly young demographic is helping to highlight the critical essence of a water-tight job creation policy/approach. This country’s rapid population growth will arrive with even more worrisome levels of unemployment that will deeply shake its economic and social foundations.

We are still looking at the challenge predominantly from the “welfare perspective”; which measures the hardship or economic pain/losses faced by those affected. But the more worrisome perspective is the not yet so conspicuous “social perspective” which will measure unemployment-driven, social disorders; high crime rates; psycho-social degradations; civic hazard and physical displacement.

Amidst the envious and numerous economic potentials, as well as, the politico-economic challenges that Nigeria faces, it’s evident that the ability to provide meaningful work for majority of its population will remain one of the most critical problems in the future. While Nigeria is not new to the crises of unemployment, previous – and insufficient – efforts to solve it have yielded little results.

To chat a new job creation course is therefore inevitable, but several questions arise. Can Nigeria afford to properly rethink her job creation strategies? Is the science of building economic and social systems that lower unemployment rates known to those that ought to know? Within the complicated mixture of economic interests, challenging demographics and supporting policies, where is the motor that drives job creation for Nigeria and who are the fundamental drivers?

It’s therefore exigent that conversations in the next political transition be dominated by considerations of a new way of tackling the job crises. Maybe we may debate long enough; research deep enough; and model well enough, to evolve Nigeria’s own Job science. There are peer nations that have successfully lifted hundreds of millions of poor people out of poverty in a relatively short time frame (few months or years) through novel job creation strategies. That’s a commendable but not an easily replicable feat. Crafting a unique, long term, job science for Nigeria may call for attention to less conspicuous, less conventional focal points, where interventions may be less dramatic and minimally visible, yet with great promises of significant, incremental jobs and long lasting outcomes.

Admittedly, there are many dimensions to what might become our own unique job science. In essence the saving approach may be less conventional and less classical but they should be robust, long term and impact-driven. We should explore less popular and less celebrated job creation strategies such as taming rural-urban migration, prioritizing stranded resource and commodities, nurturing uncommon businesses, inspiring new forms of competition and the poorly explored virtual export of talents.

For example, campaigns for reviving rural economies & communities in Nigeria could deliver unimaginable job benefits. Nigeria is witnessing an unhealthy rural-urban migration with many negative implications. Firstly, the hordes of people leaving rural and semi-urban communities for urban centers and big cities represent the young demographic whose exit portrays the outright death of meaningful entrepreneurship in rural communities. Directly tied to this movement is the unfortunate absence of potential rural entrepreneurial drivers and the skilled rural-workforce that escalates abandonment of resources and commodities. Migration therefore depicts a loss of people and resources that would have otherwise constituted the kernel of economic growth and job creation in those places. This scenario is one of over a hundred possible points of intervention that appears less conventional but capable of delivering gains. All options should therefore be on the table.

Uruguayan Schoolkids Have Best Video So far of Russia 2018 World Cup [Video]

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Uruguayan Schoolkids

This is why it is called World Cup. The Uruguayan  schoolkids show why football unites. In those days in primary school when the bell rang, we would all jump out, “liberated” from the teachers, to catch food at home. In this video, Gimenez scored a 90th-minute winner against Egypt and began a mass party in a school in Uruguay.

This is what the World Cup is all about.

Uruguayan schoolkids gathered around a TV as their country’s Group A game against Egypt headed towards a close. It had, frankly, been a stinker of a match, but you could sense their expectation as a corner was being lined up…

And then, when Gimenez scored a 90th-minute winner, they absolutely went off.

https://youtu.be/IKQKFZeZmJ8

 

This is awesome.

Hardware Startups Are Rising in Africa

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hardware startups

Some of Africa’s market frictions cannot be fixed by software alone: we need hardware startups. Yes, you may have the best software skills, but to help certain sectors, you would need to have a physical device. In the oil industry, software can help you in the reconciliation process, but before that can be done, you need sensors to collect the data. The same applies in agriculture and healthcare sectors where before the data can be processed and analysed, sensors must first collect them from the soil, land or humans.

Largely, the deal is this: without hardware, the impact of software will remain limited in Africa in helping communities and firms. Sure, software will eat the world, but hardware must first cook the world for it.

In this piece, I explain how hardware can become a moat, in Africa, at a certain level, to protect entities from the competitive voltages of the global ICT utilities which continue to take territories using the power of the positive continuum of network efforts and size.

Hardware is rising and I expect the 2020s to become even more promising as AI transforms markets, opening more use-cases. Just like Apple, you differentiate with hardware (iPhone, iPad) to sell exclusive and proprietary software (iOS). Snap is following that path with Spectacle. Amazon has invested on Kindle and Echo with that knowledge. Google has since moved into hardware with Pixel and Assistant box.

Cheaper computing systems, IoT (internet of things), broadband connectivity and drop in components costs will expand the nexus of these sensors into more areas. African hardware startups have real opportunities because without hardware, we cannot bring the power of information systems in facilitating catalytic transformations. For all the health tracking apps, across African technology hubs, they still need hardware sensors to collect the data. If the costs of those sensors do not drop (most are made abroad), the market penetration may remain limited. That is why opportunities exist to build some of these sensors right in Africa.

The video on hardware startups in Africa and the promising future is below.

Speaking in Your Event, Program or Company

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hire

I want to make it easier for you to hire me to speak in your events or programs. I have been doing this for clients, and I want you to extend the invitation. It could be in person or remotely delivered.

The ITNews Africa, a South African publisher, has called me a “doctor of innovation“. As they were creating a new product – the “African Innovator Magazine” – they knocked at my door. The London-based Planet Earth Institute, a non-profit chaired by a former UK Chief Secretary to the Treasury, has recognized me as an “African science and technology pioneer”. From TED fellowship to the World Economic Forum’s Young Global Leader, through my doctoral degrees and master’s degrees, to my works on iPhone sensors, innovation has been my only strategy. I teach innovation, from South Africa to Vietnam, from Kenya to United States, and beyond. And on the pages of Harvard Business Review, I have been writing on innovation for years. And I live innovation in my businesses and we have won awards because we innovate.

With increased requests to speak in events, I am formalizing the process here. Yes, you can hire me to speak in your events. I focus on Innovation Discovery, and Innovation for Growth, bringing many elements to help your organization in developing and executing exponential capabilities to thrive in your sectors and markets. 

I will present what is happening in your market, customized for your company, and then offer insights on how you can plot your strategies to win. This goes beyond industry statistics and typical SWOT analysis. We work to help clients see their markets in new ways, providing roadmaps on how they can unlock opportunities, in exponential ways. It is an intense talk, combining technology, finance, political economy and strategy. As technology redesigns markets, I break the implications in short, medium and long-terms

My goal is to help you think big, in very clear and measurable ways, so that you can move from invention to innovation, discovering growth opportunities before someone does it in your sector. We have served many clients in Africa and around the world including World Bank, United Bank for Africa Plc and FrieslandCampina (makers of Peak Milk).

Want to hire me? Contact tekedia@fasmicro.com for pricing.