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Could Lagos, Nigeria Be The Next Silicon Valley? - American Media - Programming (2) - Nairaland

Nairaland Forum / Science/Technology / Programming / Could Lagos, Nigeria Be The Next Silicon Valley? - American Media (22623 Views)

Why Are Nigerians Under-represented In Silicon Valley / Forloop Valley For Programmers (2) (3) (4)

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Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by slapandfall(m): 7:45am On May 06, 2018
Proud of Andela

1 Like

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Doerstech(m): 8:06am On May 06, 2018
Something is happening in Aba with LearnFactory Nigeria....

1 Like

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 8:10am On May 06, 2018
This is the kind of story that illustrates most vividly how clueless and worthless Nigeria's leaders are. While Buhari is busy obsessing over the same old exportation of unrefined crude oil that Nigeria has depended on since 1970, in the western world new tech companies have sprung up from nothing but the imaginations of a few private individuals, to now be worth far, far more than all of Nigeria's oil exports in the last 48 years combined! We are now in a world where individual software developers working out of Lagos or Ibadan can take on contracts that can easily earn them $200/day or more, without even having to leave their houses, so why aren't more of them out there? Because the Nigerian environment does so much to frustrate them - from the lack of constant, reliable power, to the absence of fast and cheap internet access, to an unwieldy and opaque foreign-exchange policy that makes it difficult for Nigerians to do business with foreign counterparties.

If Buhari had a clue, or at least was willing to bring in advisors who could lend him one, he'd be spending what energy he does have trying to smooth the way for Nigeria's tech sector, through measures like helping the telecoms companies obtain the rights of way to plant fibre-optic cables across the country, introducing a single, freely exchangeable forex rate so foreign investors can be sure they can repatriate their earnings, and chopping up the national grid so places like Lagos can guarantee 24/7 power to local businesses instead of seeing the power they generate being stranded on a decrepit NEPA grid. The sad thing is that not a single one of the alternatives to Buhari seems any more clued in than he is: not any of the old thieves in the PDP, and certainly not the economic illiterate Sowore, who comes up with sillier and sillier proposals everyday.

Just about the only active politician who stands a chance of knowing what to do is, ironically enough, Osinbajo, who is stuck playing apologist for a decrepit, half-educated old man out of loyalty, even as he is fully aware of the unfitness of his boss for the office he clings on to. We know Osinbajo has what it takes because we've seen him in action in the past, when in a few weeks he did more than Buhari had accomplished in a year, and we've also seen him say all the right things when sent to do roadshows for foreign investors. Unfortunately, Nigeria is a sh*thole country full of sh*thole voters who are ruled by tribal and religious sentiments, so even though Osinbajo would clearly be a far better president than any of the alternatives on offer, the best the country can hope for is 4 more years of drift under the incompetent and senile Buhari, 4 wasted years simply so "the north" can say it has had its "turn", even though said "turn" will have impoverished the northern masses even more than their southern counterparts.

If Nigeria weren't run on the basis of tribalism, those northern masses would realize that having large numbers of young, successful programmers in the south bringing in lots of hard US$ would be good for them as well, as it would mean more tax revenues for the Nigerian state to fund development in the north, as well as more demand for the agricultural products the north has a comparative advantage in. They would appreciate that a competent southerner who fostered such a development would be far better for them than a useless old man of "integrity" who refuses to even tell them what illness he spent so many months away in London being treated for, and under whom the everyday corruption that they must deal with has not declined even one iota. But most Nigerians are tribalistic fo.ols, so none of these obvious ideas will register, and the country is doomed to 4 more years of declining GDP per-capita as Buhari continues his fruitless chase for oil in the north.

9 Likes 6 Shares

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by abdulkayus(m): 8:33am On May 06, 2018
shine12:


Tech revolution is an exponential one Bro.

Trust me, when Nigeria youths catch the fire, even the north of Nigeria that people talk down will be producing coders.

Israel has one of the slickest tech industries in the world and also one of the most valuable tech exporting countries in the world and they are young in the game too when compared to the US.



And to even surprise you , there are more tech hubs in the north than in the south. I was shocked when I learnt that also.
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ups01(m): 8:37am On May 06, 2018
@omohayek

Double Twale!

That was outstanding!
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Nobody: 8:38am On May 06, 2018
-

4 Likes

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018(f): 8:42am On May 06, 2018
dadavivo:
We would have gone far, until Buhari came in, so many tech companies started shutting down in 2016.

Thunder fire Buhari dry yansh
name one of the tech companies
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ups01(m): 8:42am On May 06, 2018
TheCrazyDon:
Always keep it simple stupid with the main points . No one has time to read long notes

One of the lazy Nigerian youths !

2 Likes

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Nobody: 8:45am On May 06, 2018
-
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ups01(m): 8:46am On May 06, 2018
Iammercy2018:
name one of the tech companies

When etisalat couldn't pay it's debt due to skyrocketing dollar they had to be sold.

Under Buhariconomics
- Konga was sold
- So many foreign tech companies shutdown

omohayek summarized everything above, read it!

1 Like

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Bahddo(m): 8:50am On May 06, 2018
TheCrazyDon:
Always keep it simple stupid with the main points . No one has time to read long notes

your point is :The illiterate/corrupt leaders do not support Nigeria's Tech Startups. Buhari is incompetent. Nigerians are tribal
do not tell non-programmers to 'Keep It Simple Stupid'. They would think you are insulting them.

1 Like

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by soflygerian(m): 8:51am On May 06, 2018
Exactly my point, leave this country and comebk in 10years...
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ejiod(m): 8:54am On May 06, 2018
Bahddo:
do not tell non-programmers to 'Keep It Simple Stupid'. They would think you are insulting them.
Lol! I tell u, dey won't understand grin
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Ugosample(m): 8:59am On May 06, 2018
TheCrazyDon:
Don't ever compare your shiithole to the greatest nation on earth. Don't even joke about it . Even Japan ,China,South Korea,India ,Taiwan and the rest learn from their Master .
I saw a video on youtube comparing Lagos to Big Apple New York . Can Lagos and Abuja combined compare to Portland Oregon in any index?
Go worry about uninterrupted electricity and stop dreaming .
Do you know iPhone and other American brands are status symbol in Japan,China and the rest of the world? go do your research. I was watching this documentary the other day

LMAO

baba why you dey vex na?

Cool down
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by codemaniacs: 9:15am On May 06, 2018
zz
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dadavivo: 9:42am On May 06, 2018
Iammercy2018:
name one of the tech companies
One company ke? I go give you more than one, see dis one o.


Showroom.ng

The showroom platform started with the lofty goal of making millionaires of up to 100,000 Nigerian carpenters. Carpenters were to display their works and get connected to customers also shut down. But after 12 years of trying without success to scale its operations, CEO, Sheriff Shittu, announced in 2016 that it was shutting down.

Easy Taxi
Easy Taxi began in Brazil but was one of the first Rocket Internet companies to launch in Africa in 2013. Despite an additional funding of over $10million from Rocket International for its expansion into Asia and Africa, the news of its exit from the African market still shocked many. The company packed up when its Nigerian co-founder, Bankole Cardoso, stepped down in April 2016.

GoMyWay
It wasn’t up to 2 years into its operations, when this ridesharing platform announced that it would be bowing out of the business. Investors came to a conclusion to shut down operations because of lack of resources to run the business. But perhaps, the real reason would have been that the platform was reduced to a place for introductions as users tend to take transactions off the platform after contact.

Camplus
The startup which was founded by David Edet in 2016, was aimed at connecting students and student entrepreneurs across Africa through e-commerce. It had a promising start and made more than N4 million in sales revenue in just a month after launch. But according to its founder, Camplus’s shut down was due to recession prices and the high cost of running a business in Nigeria.

Efritin.com
The classified ads platform recently shut down its operations, barely 16 months after it was founded. The founder and CEO of Saltside Technologies, Nils Hammar disclosed that it was due to the platform’s inability to generate the desired returns on investment (ROI). Hammar added that the high cost of Internet and data and internet also informed the platform's decision to scale back on its investments in Nigeria.

PASS.NG

Samson Abioye was CEO of Pass.ng until his death on July 28, 2017. He was 25. The LAUTECH Alumni was using his work at Pass.ng to push his dreams to help young Nigerians perform better in their WAEC, JAMB, and Common Entrance Examinations.



meanwhile under the terrorist Buhari 271 firm shut down in one year - MAN

Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector.

They said that since the restriction order was placed last year, about 272 firms had been forced out of business, 50 of which were manufacturing companies.



While some of the affected manufacturers have relocated to neighboring countries, according to Manufacturers Association of Nigeria, at least 222 small-scale businesses have closed shops, leading to 180,000 job losses.

http://www.punchng.com/272-firms-shut-one-year-man/
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 10:04am On May 06, 2018
TheCrazyDon:
Always keep it simple stupid with the main points . No one has time to read long notes

your point is :The illiterate/corrupt leaders do not support Nigeria's Tech Startups. Buhari is incompetent. Nigerians are tribal
What you mean to say is that stupid people like you don't have the patience or the intelligence to read anything more than a few words long. Don't worry, I didn't aim my post at imbe.ciles like you: in fact, you and your lazy, low-IQ ilk are the ones I blame for the fact that the intelligent Nigerians have to go abroad to do what their sh*tty government doesn't allow them to do at home.

3 Likes

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Nobody: 10:05am On May 06, 2018
-
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 10:07am On May 06, 2018
codemaniacs:


upon all your long notes, you are ignorant of many things....

- like you said, tribalism is important in Nigeria... so if buhari(FG) is going to invest in tech he would do it throught d:angote not through the SW.
- smoothening the Nigerian tech industry would mean indirectly empowering southern Nigerians whom most Northern politicians are against, which brings us to my next points.
- the north does not have an advantage in agric over the south, they only make noise about it to create that impression ... its the south that has an advantage and thats one of the reasons farmers are been targeted and killed in the south.
- they empower farmers in the north but attack the ones in the south, now they want the lands of southerners for "reserves" for the northerners...

In summary,
a northern president would never do anything that doesn't first favor "Nigeria's richest man"(who is also a northerner) with the use of southern Nigeria's resources...
You have a lot to learn about how Nigeria works...
The ignorant one here is YOU, so stupid that you talk about Buhari "investing in tech" even though I noted that the wealth created by tech companies in the west was through private individuals. You think the US government invested in Microsoft, Apple, Google, Facebook or Amazon?

You are symptomatic of everything that is wrong with this wasteland of a country, quick to spout insults from your sh*thole of a mouth despite lacking even a rudimentary understanding of the issue under discussion.

3 Likes

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by omohayek: 10:09am On May 06, 2018
TheCrazyDon:
why are you telling me this?
We didn't need to know the sordid details of your family life, but you can keep talking to yourself like the dimwitted nutjob you are.

2 Likes

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018(f): 10:19am On May 06, 2018
dadavivo:
One company ke? I go give you more than one, see dis one o.


Showroom.ng

The showroom platform started with the lofty goal of making millionaires of up to 100,000 Nigerian carpenters. Carpenters were to display their works and get connected to customers also shut down. But after 12 years of trying without success to scale its operations, CEO, Sheriff Shittu, announced in 2016 that it was shutting down.

Easy Taxi
Easy Taxi began in Brazil but was one of the first Rocket Internet companies to launch in Africa in 2013. Despite an additional funding of over $10million from Rocket International for its expansion into Asia and Africa, the news of its exit from the African market still shocked many. The company packed up when its Nigerian co-founder, Bankole Cardoso, stepped down in April 2016.

GoMyWay
It wasn’t up to 2 years into its operations, when this ridesharing platform announced that it would be bowing out of the business. Investors came to a conclusion to shut down operations because of lack of resources to run the business. But perhaps, the real reason would have been that the platform was reduced to a place for introductions as users tend to take transactions off the platform after contact.

Camplus
The startup which was founded by David Edet in 2016, was aimed at connecting students and student entrepreneurs across Africa through e-commerce. It had a promising start and made more than N4 million in sales revenue in just a month after launch. But according to its founder, Camplus’s shut down was due to recession prices and the high cost of running a business in Nigeria.

Efritin.com
The classified ads platform recently shut down its operations, barely 16 months after it was founded. The founder and CEO of Saltside Technologies, Nils Hammar disclosed that it was due to the platform’s inability to generate the desired returns on investment (ROI). Hammar added that the high cost of Internet and data and internet also informed the platform's decision to scale back on its investments in Nigeria.

PASS.NG

Samson Abioye was CEO of Pass.ng until his death on July 28, 2017. He was 25. The LAUTECH Alumni was using his work at Pass.ng to push his dreams to help young Nigerians perform better in their WAEC, JAMB, and Common Entrance Examinations.



meanwhile under the terrorist Buhari 271 firm shut down in one year - MAN

Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector.

They said that since the restriction order was placed last year, about 272 firms had been forced out of business, 50 of which were manufacturing companies.



While some of the affected manufacturers have relocated to neighboring countries, according to Manufacturers Association of Nigeria, at least 222 small-scale businesses have closed shops, leading to 180,000 job losses.

http://www.punchng.com/272-firms-shut-one-year-man/
did you even read what you posted above at all

SMH
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018(f): 10:23am On May 06, 2018
Ups01:


When etisalat couldn't pay it's debt due to skyrocketing dollar they had to be sold.

Under Buhariconomics
- Konga was sold
- So many foreign tech companies shutdown

omohayek summarized everything above, read it!
etisalat was sold to who?

Where's it being operated is it not in Nigeria still?

The person that bought it the Buhari administration didn't affect him/her/them?

SMH

1 Like 1 Share

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Revolva(m): 10:28am On May 06, 2018
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by codemaniacs: 10:40am On May 06, 2018
zz
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Originalsly: 10:59am On May 06, 2018
nwoke37:


https://www.youtube.com/watch?v=LiqERIAbIH4

Sleek desks, casual dress code, free lunch – it's what you'd expect to see in Silicon Valley. But you can also find them in Lagos, Nigeria, where money from U.S. investors is being used to train a new generation of software engineers.


Silicon Valley is about innovation. .... not sleek desks nor training. The guy is running a training centre....how is that related to Silicon Valley?

3 Likes

Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dadavivo: 12:16pm On May 06, 2018
Iammercy2018:
did you even read what you posted above at all

SMH
No I didn't, that's why I put it there for you to read.
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Moorish: 1:17pm On May 06, 2018
omohayek:
This is the kind of story that illustrates most vividly how clueless and worthless Nigeria's leaders are. While Buhari is busy obsessing over the same old exportation of unrefined crude oil that Nigeria has depended on since 1970, in the western world new tech companies have sprung up from nothing but the imaginations of a few private individuals, to now be worth far, far more than all of Nigeria's oil exports in the last 48 years combined! We are now in a world where individual software developers working out of Lagos or Ibadan can take on contracts that can easily earn them $200/day or more, without even having to leave their houses, so why aren't more of them out there? Because the Nigerian environment does so much to frustrate them - from the lack of constant, reliable power, to the absence of fast and cheap internet access, to an unwieldy and opaque foreign-exchange policy that makes it difficult for Nigerians to do business with foreign counterparties.

If Buhari had a clue, or at least was willing to bring in advisors who could lend him one, he'd be spending what energy he does have trying to smooth the way for Nigeria's tech sector, through measures like helping the telecoms companies obtain the rights of way to plant fibre-optic cables across the country, introducing a single, freely exchangeable forex rate so foreign investors can be sure they can repatriate their earnings, and chopping up the national grid so places like Lagos can guarantee 24/7 power to local businesses instead of seeing the power they generate being stranded on a decrepit NEPA grid. The sad thing is that not a single one of the alternatives to Buhari seems any more clued in than he is: not any of the old thieves in the PDP, and certainly not the economic illiterate Sowore, who comes up with sillier and sillier proposals everyday.

Just about the only active politician who stands a chance of knowing what to do is, ironically enough, Osinbajo, who is stuck playing apologist for a decrepit, half-educated old man out of loyalty, even as he is fully aware of the unfitness of his boss for the office he clings on to. We know Osinbajo has what it takes because we've seen him in action in the past, when in a few weeks he did more than Buhari had accomplished in a year, and we've also seen him say all the right things when sent to do roadshows for foreign investors. Unfortunately, Nigeria is a sh*thole country full of sh*thole voters who are ruled by tribal and religious sentiments, so even though Osinbajo would clearly be a far better president than any of the alternatives on offer, the best the country can hope for is 4 more years of drift under the incompetent and senile Buhari, 4 wasted years simply so "the north" can say it has had its "turn", even though said "turn" will have impoverished the northern masses even more than their southern counterparts.

If Nigeria weren't run on the basis of tribalism, those northern masses would realize that having large numbers of young, successful programmers in the south bringing in lots of hard US$ would be good for them as well, as it would mean more tax revenues for the Nigerian state to fund development in the north, as well as more demand for the agricultural products the north has a comparative advantage in. They would appreciate that a competent southerner who fostered such a development would be far better for them than a useless old man of "integrity" who refuses to even tell them what illness he spent so many months away in London being treated for, and under whom the everyday corruption that they must deal with has not declined even one iota. But most Nigerians are tribalistic fo.ols, so none of these obvious ideas will register, and the country is doomed to 4 more years of declining GDP per-capita as Buhari continues his fruitless chase for oil in the north.

Reading your post gives me slight hope. That we have cerebral people left in this place

Ethiopia is the fastest growing economy on the continent of africa. They produce coffee. No, not oil, COFFEE!

Buhari should be enlightened.

We, the south west should boycott buhari if we are wise oh

Forget his "integrity" image, it is clear the man is confused! I supported him because of the bandwagon effect, and I knew Jonathan was lacking some leadership qualities. But I think Jonathan had a better economic team!

Anyway, I believe it is time for buhari to go. And I was once a fan. Its sad
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by Iammercy2018(f): 4:41pm On May 06, 2018
dadavivo:
No I didn't, that's why I put it there for you to read.
bno wonder, cos If u do u wouldn't have posted it
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dadavivo: 6:01pm On May 06, 2018
Iammercy2018:
bno wonder, cos If u do u wouldn't have posted it
go suck more balls
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by ebenholer(m): 6:47pm On May 06, 2018
Lagos not becoming any silicon valley...the govt move is far from yielding the expected result as at now cos all is yet to be back up with sincerity and truthfulness.
Re: Could Lagos, Nigeria Be The Next Silicon Valley? - American Media by dfrost: 7:24pm On May 06, 2018
Bahddo:
do not tell non-programmers to 'Keep It Simple Stupid'. They would think you are insulting them.

cheesy grin techies in the building.

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