₦airaland Forum

As a sabbatarian, G-d first before anything...

I will be updating this thread in a bit....

Regarding the income of both States

Besides the Trunk A roads (I guess that's what Fed Ministry of Works calls federal road network).... Traffic jams are not commonplace in Igbo towns & villages during yuletide celebration....

janedonez:
Any Governor that can't effectively handle traffic situation in their domain during festive periods leading to terrible traffic grids should have a rethink.

I share this sentiment, however, Otti is trying in road construction....

I last visited Aba in 2020.... Even Somali won't have the type of dilapidated roads I saw there...and trash too!

SGANIVA:
Mba is far better than otti of abia state ,all his project are world class .otti is doing well but not so much in education and health care ,abia has not has it this good that is why everybody is focusing on abia .

For road contruction soludo is even far better than otti .

Mba of enugu state wants to change the face of enugu for real.

Economy
Road infratracture
Health care
Education and
Security

Soludo didn't make the best.... He's among the worse performing given the income Anambra generates.... He's in competition with Hope on who is the worse....

This thread is for between Mbah and Otti...

IduNaOba:
Soludo is the best actually.
He is just not publicising it enough.
He is so fast with his projects you will shout ahhhh

Facts..... Not emotions. And we aren't comparing with other parts of Nigeria, to avoid turning the thread to a hot spot for vawulence...

Soludo vs Otti....

You can compare your state governor with others in your region

yarimo:
ALEX OTTI of abia state is the worst governor in south east and the worst among the 36 states governors

Another dimension....lol.

Assuming it's past tense now. Let's talk about what either of them have done with income both States received.

Dalohad:
One was duly elected, the other one was appointed by Kekere-Ekun's Supreme court ruling.

Not listening or thinking he knows it all might be a character flaw....but that's not the point here.

We are talking of Gross earnings, and project initiated, ongoing and completed initiated by either of them.

Security is on another level as both States are plagued by pockets of criminal elements who I think the leaders in either state knows!

If fowl loss for area, go ask men wey mount, them go tell you who fit run am!

SGANIVA:
soludo is really trying but it seems the man no dey listen to advise ,he thinks he knows it all .he should approch obiano to help him on security

What's the estimated gross income for
1. Abia state.
2. Enugu state.

Wow....for Mbah. Low key Services to Enugu state. No wonder Asiwaju like him.

Nwifuru is also a great guy....but handicapped due to funds. Can't compare earnings btw Anambra & Ebonyi though.

cadmanspize:
Although Nwifuru is better but not far on par with soludo.
Mbah takes the lead with:
260 primary health center.
New city.
Conference center.
New hotels.
Recruitment of teachers & health workers.
Mega statewide terminals.
Major road dualization.
260 Smart schools.
Alphalt, tractors, flours and other manufacturing companies.
E.t.c.
Even otti comes no closer talkles of confused mofo called soludo.

My dear, it's not a thread for vawulence....

First month of the year is to set priorities....not gbagbos.

Healthy competition is good.... That's why despite been allies, UK, France, US, Israel, China, Russia, India, Pakistan, N Korean all have nukes.

SmartPolician:
I don't know who instilled this spirit of needless comparison in you people.

I have never seen a thread of Kano Vs Kaduna or Osun Vs Ondo before because their people know that every governor has a different mandate upon which they are assessed.

So-called healthy competition wey go soon lead to SENSELESS chestbeating, dick measurements and insults.

My dear, facts please....

Based on earnings (IGR, Fed allocation, Donor etc) and the physical project initiated, ongoing and completed.

yarimo:
Alex otti is a disgrace to good governernce and the worst governor among the 36 states governors

Just one bottle of coke...SW stingy sha....

waternogatenemy:
LET THEM CHOP MUMU YORUBA MONEY.

ANY PERSON WEY NO ONE GET SENSE, CAN NEVER GET SENSE.


IT IS LIKE NAIRALAND ADMIN, EVERYDAY MISBEHAVING, SHEBI HIM BODY DON COOOL LIKE ICE WATER TODAY.


SEE OUR NEW OHANAEZE PRESIDENT.

How come they give some coke, and others don't have coke?

We must listen & respect elders...please no insults.

But I think people should hustle well when they are young, so that when they grow old, they can at least afford basic stuffs so they don't pick them up anytime and give them an agenda backed by few bottles of coke....

Country hard..not only in Nigeria, but let's listen to our heart instead of our stomach biko

Slytiger:
https://tnnonline.info/were-neither-igbo-nor-biafra-ogbakor-ikwerre/

Look Kunle... all these will not convince me...as its actually non of business what people do for a living! Even with these if you engage me for a service & pay me for it, I will accept it and deliver theservice. Its not in my place to determine if what you paid me with is proceeds of your scams....It's the business of the Law enforcement agents to determine if your hustle is legal. Bother your self with the Feds, not me! Keep these pishures and show them when they come calling! hope you understand this!

You can be a scammer creating LinkedIn profiles of dead & living Americans for all I care... I don't give a damn. What people do for a living is actually non of my shit. But, the moment you start supporting bad leadership in Nigeria, you become a fair target to me, and you cross the line when you attacked me, without provocation....thus, I wont relent until you are busted! Except off course you retract support of bad leadership in Nigeria, then maybe...just maybe I will let go, and leave you & the Feds to figure out how to bust each other! Motherfvckers..lol

buckeyemedia:
Make the Buckeyes beat the Longhorns tonight then we fit yap about them federal Babylonians matter.

Now, let's talk about how much both states have earned over their administration. Both Federal Allocations, Grants, Donor aides & IGR.

The next phase of this discussion will center on the impact of this projects on the people of both states, the Feasibility and ease of completion.

Key projects embarked by Charles Soludo

Governor Charles Chukwuma Soludo of Anambra State has initiated several transformative projects aimed at enhancing infrastructure, economic development, and public services. Notable initiatives include:

1. Road Infrastructure Development: Governor Soludo has prioritized the construction and rehabilitation of roads to improve connectivity and boost economic activities. Significant projects include the construction of new roads and maintenance of existing ones, with plans to set unprecedented records in the Southeast region. Notably, the Ekwulobia Flyover, a prestressed concrete bridge, is set to be commissioned, marking a significant achievement in the state's infrastructure development.

2. Housing and Government Facilities: The administration has undertaken the completion of previously abandoned projects, such as the government house and lodge in Awka, which had been neglected for years. This effort aims to provide infrastructural edifices befitting the state's status and its historical leaders.

3. Water Supply Enhancement: To improve the lives of Anambra residents, Governor Soludo has revamped water schemes across the state, including those in Awka, Onitsha, Obizi, Nnewi, Otuocha, Umunze, and Okpoko. These efforts aim to provide reliable water supply to various communities.

4. Power Infrastructure Modernization: The administration has initiated investments worth about a billion Naira to modernize strategic transmission lines, realign connections, and upgrade transformers. These efforts are expected to provide up to 18 hours of electricity in key locations, with the ultimate goal of achieving 24-hour uninterrupted power supply in Anambra State.

5. Recreational and Social Infrastructure: Governor Soludo is investing in recreational facilities, including the development of the Solution Fun City, which is projected to become West Africa's largest amusement park. This initiative aims to boost tourism and provide leisure opportunities for residents and visitors.

These projects reflect Governor Soludo's commitment to transforming Anambra State through infrastructural development, economic empowerment, and improved public services.

Ndi project! Biko umu Anambra, where is our taiwan-Dubai project located so I can add it to the list ...before we start the comparison?

Key projects embarked by Hope Uzodimma

Governor Hope Uzodimma of Imo State has initiated several key projects aimed at enhancing the state's infrastructure, security, and economic development. Notable initiatives include:

1. Road Infrastructure Development: The governor has prioritized the construction and rehabilitation of roads to improve connectivity and boost economic activities. This includes the inspection and ongoing work on various road projects across the state.

2. Operation Search and Flush: To address security challenges, the Uzodimma administration launched "Operation Search and Flush," a security initiative aimed at combating crime and restoring law and order in the state.

3. Economic Partnerships: Governor Uzodimma has engaged with multinational firms to attract investments into Imo State, resulting in significant economic partnerships. These efforts have led to the state attracting investments worth $2.5 billion, aimed at fostering economic growth and development.

4. Water Supply Enhancement: In collaboration with the United States Agency for International Development (USAID), the Imo State government is working to improve water, sanitation, and hygiene (WASH) services. This partnership focuses on 'corporatizing' the state's Water Board to ensure more reliable WASH services for residents.

5. Restoration of Democracy: Governor Uzodimma has emphasized the restoration of democratic processes in Imo State, aiming to strengthen governance and ensure that democratic principles are upheld.

These projects reflect Governor Uzodimma's commitment to improving the socio-economic landscape of Imo State and ensuring a legacy of impactful development for its citizens.

Ndi project!

Now, let's talk about how much both states have earned over their administration. Both Federal Allocations, Grants, Donor aides & IGR.

The next phase of this discussion will center on the impact of this projects on the people of both states, the Feasibility and ease of completion.

Key projects embarked by H.E Gov Alex Otti of Abia State

Governor Alex Otti of Abia State has initiated several projects aimed at enhancing infrastructure, economic development, and public services. Notable initiatives include:

1. Abia Airport Project: Governor Otti has commenced the construction of an airport in Nsulu, Isiala Ngwa North LGA, with a targeted completion time of 24 months. This project is expected to boost the state's economy and improve connectivity.


2. Road Infrastructure: The governor has flagged off the construction of a 19.1 km road, aiming to enhance economic activities by improving transportation networks within the state.

3. Market Remodeling: Governor Otti has assured that no shop owner will lose their shop in the ongoing remodeling of Ariaria International Market, Ekeoha Market, and others, focusing on modernizing these markets to boost commerce.

4. Educational Infrastructure: The administration has commissioned several developmental projects at the Dr. Ogbonnaya Onu Polytechnic in Aba, aiming to enhance educational facilities and promote higher learning.

5. Environmental Protection: Governor Otti inaugurated the Abia State Environmental Protection Agency (ASEPA) Monitoring and Compliance Team to address environmental challenges and promote sustainability within the state.

6. Judicial Infrastructure: The governor has commenced the construction of court halls across the 17 LGAs, aiming to improve the judicial system and ensure better access to justice for residents.

7. Agricultural Empowerment: Governor Otti flagged off the disbursement of interest-free agricultural empowerment loans to 298 farmers trained at CSS Farm, promoting agricultural development and supporting local farmers.

8. Transportation Infrastructure: The administration is constructing the Umuahia Mega Bus Terminal to improve transportation facilities and enhance commuter experience within the state.

These projects reflect Governor Otti's commitment to transforming Abia State through infrastructural development, economic empowerment, and improved public services

Who is Charles Soludo?

Charles Chukwuma Soludo, born on July 28, 1960, in Isuofia, Aguata Local Government Area of Anambra State, Nigeria, is a distinguished economist and politician, currently serving as the Governor of Anambra State since March 17, 2022.

Educational Background:
Soludo's academic journey is marked by excellence. He earned a First Class Honours degree in Economics from the University of Nigeria, Nsukka (UNN) in 1984, followed by a Master's degree in 1987 and a Doctorate in 1989, all from the same institution, graduating as the best student at each level. He later became a professor of economics at UNN.

Professional Career:
Soludo's career encompasses significant contributions to academia, international organizations, and public service. He has served as a consultant for institutions such as the World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme. Notably, he was appointed Governor of the Central Bank of Nigeria (CBN) on May 29, 2004, where he implemented substantial banking sector reforms.

Political Career:
Transitioning into politics, Soludo joined the All Progressives Grand Alliance (APGA). In November 2021, he was elected Governor of Anambra State and was sworn in on March 17, 2022, becoming the state's fifth democratic governor.

Personal Life:
Soludo is married to Nonye Frances Soludo, and they have six children.

Who is Hope Uzodimma?

Hope Odidika Uzodimma, born on December 12, 1958, in Omuma, Imo State, Nigeria, is a Nigerian politician currently serving as the Governor of Imo State.

Early Life and Education:
Uzodimma was born into the family of Chief Michael Uzodinma, the Igwe of Ozuh Omuma, and Ezinne Rose Uzodinma (née Nneoha).
He pursued higher education at the Federal University of Technology Owerri.

Professional Career:
Before entering politics, Uzodimma was the CEO of Transurb Technical Consult Ltd, a high-net-worth company.

Political Career:
Uzodimma's political journey began during Nigeria's Second Republic when he joined the National Party of Nigeria (NPN) and became the Imo State youth leader in 1983. He later became a prominent member of the United Nigeria Congress Party in the 1990s. In 2011, he was elected as the Senator representing Imo West Senatorial District, a position he held until 2019.

In 2018, Uzodimma joined the All Progressives Congress (APC) to contest for the governorship of Imo State.
In January 2020, the Supreme Court of Nigeria declared him the winner of the 2019 governorship election, and he was subsequently sworn in as Governor of Imo State on January 15, 2020.

Personal Life:
Uzodimma is married to Chioma Uzodimma, and they have seven children. He is a devout Catholic.

Awards and Recognitions:
Throughout his career, Uzodimma has received several awards, including the 2017 Most Outstanding Parliamentarian of the Year by the Nigerian News and a United Nations peace award in 2022 for promoting inter-ethnic harmony and good governance.

Key projects embarked by H.E Gov Peter Mbah of Enugu State

Governor Peter Mbah of Enugu State has initiated numerous projects aimed at transforming the state's infrastructure, economy, and public services. Key initiatives include:

1. Smart Green Schools: Completion of 30 out of 260 planned Smart Green Schools, providing modern educational facilities across all wards.

2. Primary Healthcare Centres: Establishment of 60 out of 260 Type 2 Primary Healthcare Centres, enhancing healthcare accessibility statewide.

3. Urban Road Development: Completion of 90 urban roads in Enugu City, improving transportation and connectivity.

4. Enugu International Conference Centre: Completion of a multi-auditorium, multi-functional conference centre to boost tourism and business events.

5. Command and Control Centre: Establishment of a state-of-the-art security centre with 150 patrol vehicles equipped with AI-embedded surveillance cameras to enhance public safety.

6. Mega Smart City Development: Initiation of a mega smart city project to position Enugu as a leading destination for business investment and leisure.

7. Completion of abandoned projects by previous administration.

These projects are part of Governor Mbah's vision to grow Enugu State's economy from $4.4 billion to $30 billion, making it one of Nigeria's top three states in GDP terms within a reasonable number of years.

Early 2025...as recent as last week, Asiwaju had to leave those online/offline miscreants trooping in to his Bourdillion home to beg for bags of rice & other orishirishi, after scanning chatisement by the populist & leading opposition in Nigeria; H.E Peter Obi of Labor party, to commission some of the above named projects.....

Before the facts start running... I am still searching for who to compare with Prof CC Oye Nzuzu of Anambra State for wors performing Governor among Governors in Ala-igbo.

Who is Alex otti?

Alex Chioma Otti, born on February 18, 1965, is a Nigerian economist, banker, investor, philanthropist, and politician, currently serving as the Governor of Abia State since May 29, 2023.
ABIA STATE GOVERNMENT - GOD'S OWN STATE

Early Life and Education:
Otti was born into the family of the late Pastor and Mrs. Lazarus Weze Otti in Umuru, Umuehim village, Isiala Ngwa South LGA of Abia State. He completed his secondary education at Ngwa High School, Aba, and Secondary Technical School, Okpuala Ngwa, excelling as the best student in his set during the school certificate examinations. He then attended the University of Port Harcourt, graduating with a First Class honors degree in Economics in 1988. Otti further obtained an MBA from the University of Lagos in 1994 and has participated in executive programs at institutions such as Columbia Business School, Stanford Business School, Wharton Business School, and INSEAD, Fontainebleau, France. He has also received honorary doctorate degrees from Babcock University, the University of Port Harcourt, and the University of Nigeria, Nsukka.

Banking Career:
Otti's banking career commenced in 1989 with the Nigerian International Bank, a subsidiary of Citibank New York. He subsequently held positions at Intercontinental Bank, Societe Bancaire Nigeria Limited, United Bank for Africa (UBA), and First Bank of Nigeria, where he rose to the position of Executive Director. In March 2011, he became the Group Managing Director/Chief Executive Officer of Diamond Bank Plc, leading the bank through significant transformations until his voluntary retirement in October 2014.

Political Career:
Otti ventured into politics, initially contesting for the governorship of Abia State under the All Progressives Grand Alliance (APGA) in 2015 and 2019. In May 2022, he joined the Labour Party and secured its gubernatorial ticket. In the March 18, 2023, gubernatorial election, Otti emerged victorious, defeating his closest rival, Okey Ahiwe of the Peoples Democratic Party. He was sworn in as the fifth democratically elected Governor of Abia State on May 29, 2023.

Personal Life:
Otti is married to Priscilla Otti, and they have three children. He is a member of the Seventh-day Adventist Church.

Who is Peter Mbah?

Peter Ndubuisi Mbah, born on March 17, 1972, is a Nigerian maritime lawyer, financial analyst, and politician who has been serving as the Governor of Enugu State since May 29, 2023. He hails from Owo in Nkanu East Local Government Area of Enugu State.

Mbah's educational background is extensive. He earned a Bachelor of Laws degree from the University of East London in 2000 and was subsequently called to the Nigerian Bar after attending the Nigerian Law School. He also holds a master's degree in Maritime and Commercial Law from Lagos State University, obtained in 2004. Furthering his education, Mbah acquired an MBA from the IESE Business School at the University of Navarra in Barcelona, Spain, and a Postgraduate Diploma in Strategy and Innovation from Saïd Business School at the University of Oxford. Additionally, he is an alumnus of the Chief Executive Programme at Lagos Business School. In recognition of his contributions, he was awarded an honorary Doctorate degree in Political Science by Godfrey Okoye University, Enugu, in 2021.

Before his governorship, Mbah had a notable career in both the public and private sectors. He served as Chief of Staff and later as Commissioner for Finance and Economic Development in Enugu State under Governor Chimaroke Nnamani's administration. In the private sector, he is the founder and CEO of Pinnacle Oil and Gas Ltd, a prominent player in Nigeria's oil and gas industry.

In the political arena, Mbah is a member of the Peoples Democratic Party (PDP). He secured the PDP's governorship ticket for Enugu State in May 2022 and won the gubernatorial election held on March 18, 2023. He was officially declared the winner by the Independent National Electoral Commission (INEC) and was sworn in as Governor on May 29, 2023.

On a personal note, Peter Mbah is married to Nkechinyere Mbah, and they have four children.

See them....lol

If you don't focus on your life...this new, fresh year, trust me you will continue begging for food in 2025...

Barrywilly:
This is the 3rd President of Ohanaeze Ndigbo that emerged. People who cannot rule themselves want to rule Nigeria through that black cloth-wearing ekuke from Agulu . Anyway, it's for the good of Nigeria as they are divided

That's it!

Chinese stealing solid minerals dry!
Chinese grooming talented Nigerians on the new global scam template!

Those Chinese deserve firing squad...in it was in China these happens.

Guess who will suffer diplomatically, politically and travel wise when these scams are discovered? Nigeria!

For the first time, kudos to Egbon Ola...you try for this one. However, those Nigerians are not accomplices if you look am well, but rather job seekers who didn't use Intelligience or did or due dilligience while working. Caution & free them jare

Just in: “Nigerian ladies please learn from my mistake i was arrested in the US and I am going to Pay N825Million for a crime I didn’t commit I was charged with conspiracy of fraud and flight risk just because i was in a relationship with a Yahoo Boy. I spent 10 days in jail, 1 year in house arrest and wore ankle monitor for 3 years and I am going to pay $500k (N825M) for a Crime i absolutely knew nothing about all because I was inlove with a Yahoo boy and I could do anything for him so he used me, I was in my early 20’s and I was very Gullible so I am going to suffer for it for the rest of my life while my ExBF is back home a free man and enjoying his life as he was never caught but I was arrested here in US and I am the scapegoat paying the price for a $500k crime I never committed”
- Popular Tiktoker Baddest Orobo reveals.

Buckeyemedia see what some of your fellow scammers has done to this lady? I know the Feds are doubling down on all Nigeria origin scammers, and you that creates LinkedIn profiles impersonating dead and living Americans, your days of online scam will soon be over!

buckeyemedia:
Certified Confused Incoherent Eyepobian.

Chapter 11 bankruptcy protection in 2024
~ By Ngozi Chukwu (Tech Cabal). Jan 08 2025.

Logistics startup Gokada filed for Chapter 11 bankruptcy protection in 2024

According to regulatory filings in Delaware, Gokada, one of Nigeria’s most prominent last-mile delivery companies, filed for Chapter 11 bankruptcy protection in October 18, 2024. Chapter 11 allows an organisation to work out a plan to repay creditors over time, reducing the amount owed or extending the repayment period. This way, the company does not have to liquidate its assets to pay debts.

Gokada’s chapter 11 filing follows unsuccessful efforts to raise new funding, including a 2023 campaign on GetEquity, where it attempted to raise $750,000 at a $10 million valuation from retail investors.

Despite raising $5.3 million in a 2019 Series A round, Gokada has struggled financially. Per its October filing, the company’s total liabilities are $5.2 million—it owes $1.8 million to 20 of its largest creditors who are not insiders— on assets worth $560,000 ($64,000 in cash.)

In October 2024, Gokada stated that its gross revenues year-to-date were $118,988, lower than the $268,779 it reported in 2023.

“As a result of not closing the proposed funding, Gokada has remained on the brink of shutting down for the entirety of 2024,” Olutosin Oni, the CEO of the eight-year-old company, wrote to investors in an email seen by TechCabal.

Oni, named CEO in 2022, noted that naira depreciation made profitability elusive.

“Significant time and effort has been put into making Gokada profitable over the years unfortunately with the severe decline in the value of the Nigerian Naira, we have not yet reached that goal,” Oni told investors in the email seen by TechCabal.

Gokada and Oni declined to comment on any part of this story.

According to regulatory filings in Delaware, Gokada, one of Nigeria’s most prominent last-mile delivery companies, filed for Chapter 11 bankruptcy protection in October 18, 2024. Chapter 11 allows an organisation to work out a plan to repay creditors over time, reducing the amount owed or extending the repayment period. This way, the company does not have to liquidate its assets to pay debts.

Gokada’s chapter 11 filing follows unsuccessful efforts to raise new funding, including a 2023 campaign on GetEquity, where it attempted to raise $750,000 at a $10 million valuation from retail investors.

Despite raising $5.3 million in a 2019 Series A round, Gokada has struggled financially. Per its October filing, the company’s total liabilities are $5.2 million—it owes $1.8 million to 20 of its largest creditors who are not insiders— on assets worth $560,000 ($64,000 in cash.)

In October 2024, Gokada stated that its gross revenues year-to-date were $118,988, lower than the $268,779 it reported in 2023.

“As a result of not closing the proposed funding, Gokada has remained on the brink of shutting down for the entirety of 2024,” Olutosin Oni, the CEO of the eight-year-old company, wrote to investors in an email seen by TechCabal.

Oni, named CEO in 2022, noted that naira depreciation made profitability elusive.

“Significant time and effort has been put into making Gokada profitable over the years unfortunately with the severe decline in the value of the Nigerian Naira, we have not yet reached that goal,” Oni told investors in the email seen by TechCabal.

Gokada and Oni declined to comment on any part of this story.


Despite the grim outlook, Gokada is not giving up. The company will use Chapter 11 provisions to restructure its debts and attempt a financial turnaround.

While the company has been in significant debt for years, its lead investor, Rise Capital, has been supportive. According to Oni, Rise Capital has been “willing to fund the company independently in order to pay off Gokada’s creditors and keep it operational. Unfortunately, they are no longer able to single-handedly shoulder the economic burden.”

October’s bankruptcy filing marks the latest chapter in a journey of restructuring and pivoting. Founded by Fahim Saleh and Deji Oduntan, Gokada gained traction as a bike-hailing service, helping commuters navigate the notorious Lagos traffic jams. By 2019, the company had completed about 1 million trips and raised $5.3 million in Series A raise funding.

The company’s financial troubles appear to have begun shortly after announcing its Series A raise. Deji Oduntan resigned as CEO and was replaced by Saleh and Ayodeji Adewunmi, who also left the company in 2019. Tosin Oni became CEO in 2022.

Beyond the leadership upheavals, the Lagos state government added to Gokada’s troubles in early 2020 after it banned bike-hailing startups from operating in 15 of the city’s 20 local government areas. It was a major blow to Gokada and several bike-hailing startups.

In the face of these setbacks, Gokada adapted. It laid off 70% of its staff and pivoted to logistics (Gsend) and food delivery (GShop). According to Oni, the layoffs were a response to a harsh macroeconomic environment, with the company prioritising efficiency as it navigated negative cash flow.

By June 2020, Gokada was reportedly processing over $100 million in annualised transaction value and fulfilled over 1 million food and e-commerce delivery orders for 30,000 merchants on its platform. It also expanded its ride-hailing services to Abuja, Port Harcourt, Ibadan, and Ogun State, where commercial bikes were not banned.

The business model continued to evolve. It went from owning a fleet of motorcycles to an asset-light model, connecting third-party logistics providers with delivery orders on its platform. The shift was intended to cut costs, reducing the financial burden of maintaining a fleet of expensive bikes.

By February 2024, Gokada had fully embraced this asset-light approach, owning only 10% of the 5,000 bikes on its platform. Yet, reports of an acquisition by logistics firm Kwik, which never materialised, suggested the business still struggled.

GoKada’s bankruptcy filing highlights a crucial lesson in the business world that cutting costs alone cannot guarantee survival. GoKada faces the daunting task of raising funding or finding an acquisition partner to survive.

See them...lol

Obrii will never be president....lol

See them....