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Gbawe:I so much believe in God and destiny.I think Tinubu was created to be a leader...my own opinion,though.I think a mediator or mediators should come in between these warring people,if not for anything but the betterment of the great Yoruba race. |
Gbawe:I must be frank,I don't really like Tinubu maybe mainly because of what I have read about him.But one thing I doff my hat for is his political sagacity and farsighted penetration and judgement of human characters.Think deeply and you would understand what it entails to be a politician in this clime.The real problems of Tinubu are some of his Yoruba folks...Obasanjo,Afenifere etc...remove all the bickerings and we have another Awo in the house... |
skyline123:This thread is exactly for that purpose and more.Kudos... |
OduaVanguard:Pls,don't let him derail the thread,thx. |
[b]Exclusive interview: Dr Omobola Johnson on A4AI, Nigeria's ICT space. Dr Omobola Johnson has served as Nigeria's minister of communication technology since 2011. Under her charge the West Africa's country's ICT sector is said to have attracted US$6bn from foreign direct investment and, according to regional media, by the end of 2014 the sector contributed 10.5% towards the Gross Domestic Product (GDP). Her focus has been on expanding national broadband penetration, under the auspices of the country's National Broadband Strategy, as well as further implementing the e-government masterplan. In September Dr Johnson joined the Alliance for Affordable Internet (A4AI) as the organisation's honorary chairperson. Dr Johnson discusses her career in ICT to date, the challenges, opportunities and achievements. Q: Congratulations on your recent appointment as Honorary Chairperson of the Alliance for Affordable Internet (A4AI). Could you tell us a little bit more about your background and how you became interested in working to expand affordable Internet access? Dr Omobola Johnson: Thank you. I am absolutely delighted and honoured to be a part of the A4AI team. I have a Bachelors degree in Electrical and Electronic Engineering and a Masters in Digital Electronics. Unsurprisingly, my career started on an IT track as a programmer/Systems Integrator at Accenture, where I spent twenty-five years. I guess this was really where my interest in digital communications came about, but because of where I worked I took connectivity for granted and was more interested in and focused on how technology and access can deliver competitive advantage to our clients at Accenture. So I must admit that my interest in affordable Internet access came about in the early days of my tenure as the Minister of Communication Technology, when I was confronted with the access, penetration and affordability indicators of Nigeria. If we were going to achieve our vision of making ICTs a key driver of growth of the Nigerian economy, then we needed to address the access and affordability challenges fast. Q: You most recently served as Nigeria's Minister of Communication Technology, where you spearheaded a number of efforts to expand Internet access and ICT services across Nigeria. During your tenure, Internet penetration in Nigeria nearly doubled (to 43%) and you succeeded in surpassing many of the Internet access and penetration goals you set out at the start of your term in 2011. In your opinion, what factors were most critical to achieving these goals? Dr Omobola Johnson: Two factors were major contributors to us achieving these important goals. First of all making the development of Nigeria's Broadband Plan and Roadmap a national issue with full Presidential backing and not just a telecoms or IT issue. The Committee that worked for nine months to develop the plan was a Presidential Committee, which automatically gave it high national priority. Second, the diversity of committee members (telcos, IT companies, youth, the regulator, banks, SMEs) ensured that we had a plan that was not only all encompassing in its outlook, but also very practical; as such, we were able to commence implementation almost immediately after the plan was approved by the then President Goodluck Jonathan. Q: Why do you see regulation and policy as a key tool to drive prices down? What are some innovative practices you've seen that have had success? Dr Omobola Johnson: A well-articulated policy with clear intended outcomes must be the starting point of any government intervention, regardless of industry. While policies can be aspirational, they must be properly grounded in current realities and context to assure the intended outcomes can be achieved – this is where regulation comes in. Fair and consistent regulation is potentially the most important tool by which government policies are implemented. To a large extent, sound policy and regulation have contributed to the successes we are recording on Internet growth and penetration in Nigeria. After defining our goal for broadband penetration from a variety of perspectives, such as coverage, speed, and, of course, price, we elected to work very closely with industry, strategic stakeholders and beneficiaries to articulate a policy that would help us to achieve this goal. Even after the policy was approved, we put together a Broadband Council comprising industry, government and NGO stakeholders to oversee the policy implementation. This ensured that all the goals for penetration – of which pricing was a key one - were always front and centre, as each stakeholder had at least one goal that was very close to their hearts. Q: What do you see as the key barriers remaining in the way of reducing the cost to connect in the developing world? Dr Omobola Johnson: The barriers that tend to be most cited in developing economies include funding to build the infrastructure necessary to provide connectivity, and the availability and appropriate pricing of spectrum to support wireless connectivity. I do agree with this assessment, and I think that the public and private sectors in developing economies must come together and collaborate to find win-win solutions that address both the issue of connectivity and the issue of cost. Such initiatives could include government incentives to telcos to connect the less commercially viable but underserved areas, and roll-out obligations for telcos in exchange for lower priced spectrum. A number of these solutions have been tried out to good effect; now it's time for developing countries to embrace and implement them in a way that works for them. Another barrier that I see is what I would call a 'prioritisation' barrier. Developing country governments and administrations must appreciate and accept the cost effective provision of connectivity as a key input to socio-economic development and give it the high priority attention that it deserves – the same as education, health, etc. Giving it high priority in the development agenda almost assures that innovative and creative ways will be devised to reduce or even remove these barriers. Q: Nigeria became the first African country to join the Alliance in October 2013, just days after A4AI's official launch. What inspired you to take this step? How did the Alliance help your work when you were minister? Dr Omobola Johnson: My inspiration to take this step was founded in my strong belief that ICTs and connectivity will play a major part in the growth and development of Nigeria. The ICT sector was one of the fastest growing sectors of the economy and between 2011 and 2014 alone the contribution of ICT to GDP had doubled. Remember that during this period GDP was growing at around 6-7% per annum. Joining forces with like-minded people that would bring the credibility, expertise and support to push countries and governments to make the Internet affordable to the majority of the unconnected and unserved was a natural manifestation of that belief. One of the most important and effective contributions of the Alliance to my work as a Minister was the provision of empirical research that helped to not only validate the policies that we were pursuing but also help us think further into the future as we implemented. Q: Increased access to affordable Internet has been shown to have positive impacts on economic, education, health, and development outcomes. Is there one area that you believe Internet access has the greatest potential to improve? Dr Omobola Johnson: This is a great question because it forces us to address the mind to what the high priority areas for Internet access should be. While as you say the Internet can and does have a positive impact on a number of economic and social aspects of development, the one area that the Internet has the greatest potential to improve for me would be education. Internet access can improve not only access to education (through the delivery of educational content through various channels to the remotest parts of the world) but also the quality of education – MOOCs being a case in point. Improvements in access to and quality of education will also result in positive outcomes in health, agriculture and commerce. Education for all is a great enabler of development. Q: A4AI's recent Affordability Report confirmed, women are disproportionately under-represented online and in the technology sector more generally. As a high profile and successful woman in the ICT sector, what advice would you give to a girl or woman looking to work in the technology sector? Dr Omobola Johnson: Go for it! The Internet as a technology is completely gender neutral, as are the opportunities for career development and self-actualisation for women in the fast growing Internet economy. There is, however, a lot of work to be done to not only bring more women online, but also to encourage girls to pursue careers in ICT. Organisations like the ITU and UN Women must be commended on the work they are doing in this area and I look forward to working with A4AI to push this agenda in the coming years. [/b]
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The CEO of Sujimoto construction companies, Sujibomi Ogundele Met the king of Dubai, his Royal Highness Mohammed bin Rashid Al Maktoum during his recent visit to Dubai. At just 33 years of age, He is Nigeria’s Youngest billionaire and is the man to watch out for as far as the revolution of Nigeria’s prime real estate is concerned. Sijibomi recently featured in Forbes Africa as a brave young Entrepreneur, an astute businessman with the capacity to change the Nigerian real-estate industry. The multi-millionaire Nigerian business man has been trying for years to make million dollar investments in Dubai and maybe that’s what the short meeting with the king was about.
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ALL YOU NEED TO KNOW ABOUT YUBOSS FROM YUDALA YUBOSS is an entrepreneurial scheme introduced by YUDALA, Nigeria’s first true composite online and offline retail chain in its effort to create employment for thousands of Nigerians and Africans. YUBOSS is a scheme designed for a league of emerging entrepreneurs who want to be their own bosses. Through YUBOSS, Yudala is offering people a chance to become millionaires without investing a dime. Speaking on an online interview from his United State base, the Chairman of Yudala, Mr. Sam Ojo, noted that Yudala is a movement in e-commerce and offline retail business orchestrated by distinguished professionals from various nationalities and spheres of business. Ojo said that the YUBOSS initiative will reveal a little bit of their corporate philosophy. “We have test run the scheme for one month and I can confirm that a young lady, one Mrs. Tina George who stays close to our office was paid over a N100, 000 commission (dala) last week for a 10 day effort in selling from our inventory. Her only investment was her commitment. This is the way new economies are built” he disclosed. “With this, there will be a lot of millionaires in Nigeria in the next one year. We estimate millions of Nigerians will join this scheme by the time we officially roll it out next week. Everyone will earn income and hardworking students will be able to see themselves through school without outside assistance”, he added. How YuBoss Works Entrepreneurs who market products from Yudala’s retail chains are paid a certain percentage of sales made. It is a profit sharing scheme and Yudala is very passionate about the YuBoss scheme as this is part of the company’s strategy in helping to grow the economies of countries they do business in and also to help reduce unemployment in such countries. The Chairman also stated that the management board of Yudala is not in a hurry for huge profit and that is why they are mandated to partner with not only the entrepreneurs but their employees too. He disclosed that “the strategy is profit sharing with all employees and another reasonable percentage will be dedicated to support charity organizations in every country we do business in. Every investor in Yudala voted for this and our consultants are working out modalities based on each country’s tax structure. We are therefore not here to exploit Nigerians and fly profit out of the country since majority shareholders are Africans”. When asked what percentage of Yudala annual profit will go to staff, Ojo revealed that a substantial figure has been agreed for this in line with the desire for quality human capital to deliver on shareholders’ expectations. The company will soon reveal this information to the general public after the successful test run.
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IlekeHD:E KAABO.YOU ARE WELCOME... |
For some of us who are not really into startups and do not know what is meant by seedfunding...READ THIS: [b]What Are Seed Investment Funding Options For Startups In Nigeria? Seed investment funding or seed money, sometimes known as seed funding is the money needed or used to set up a new business.Ok, now you have a million dollar idea, you have written a very detailed and comprehensive business plan, you are so excited that you can hardly wait to see your business grow and become successful. Suddenly, you are hit with the hard reality of very little or no capital at all. Seed Investment Funding Getting funds or capital for your startup is an essential factor for its launch. Even though many entrepreneurs, investors and business owners may argue that money is not the most important thing for a startup, its importance cannot be over-emphasized because you’ll need it to run a successful business. According to statistics showing various seed money options by Businessideaslab.com: Personal Funds (Personal credit) – 34.9% Friends and family – 11.29% Venture Capital – 4.14% Angel Investors – 3.76% Banks – 2.63% Crowd Funding – 0.96% From the statistics above, you have seen that the highest percentage of seed money is from personal funding and second to family and friends. Hence, I will be writing about seed investment funding for startups in Nigeria except friends and family. 1. Grants: Grant is an amount of money given to an individual or business for a specific project (startup). Grants could come from the government, international organizations or NGOs. Getting a grant to fund your startup is not always an easy task but with thoughtful strategies you could get it easily and quickly. There are many grants in Nigeria, below are few of them: Youth Employment in Agriculture Program (YEAP) Grofin.com The Ford Foundation Shell LiveWIRE Nigeria African Entrepreneurship Program (AEP) Africa Innovation Award (AIA) 2. Crowd Funding: According to Wikipedia, it is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically from the internet. In a clear and simple term by Fundable.com, Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money. In Nigeria many people are not familiar with the term. Even some bankers and finance personnel do not understand crowdfunding. Despite the challenges facing crowdfunding in Africa (Nigeria) like trust and lack of understanding of the relatively new concept of crowdfunding, there are crowdfunding platforms focusing on African Startup. We have: JumpstartAfrica Akabbo.ug FundaSolva PushandStart StartCrunch NigeriaCrowdfunding CFundin 3. Business Plan Competition: Many organizations offer business plan competitions and award to encourage and help entrepreneurs with innovative business ideas to grow their startup or growing business. Some of these organizations are: Anzishaprize.org IsDB Business Plan Competition Development Innovation Ventures BID Network Argidius-ANDE Finance Challenge (AAFC) Business Plan Competitions (BPC) African Diaspora Marketplace The African Innovative Prize Ernst & Young Innovation Prize for Africa (IPA) Get more details about these business plan competitions at AfterSchoolAfrica.com 4. Strategic Investors: Strategic Investors can be companies or individuals who invest in startups to either solve a problem they currently face or to expand into a new market. Large corporations, such as State Street, IBM, Intel and Lucent have venture arms that invest in startups (according to Forbes). This may not be easy for an average entrepreneur in Nigeria to come by but then you can always try it out and if it doesn’t help your startup, quit. 5. Co-Founders: It is wise to find a cofounder who has complementary capabilities based on the business model you want to implement. That way, your startup would be more self-sufficient and that means you wouldn’t spend so much because you’ll be hiring very few people. 6. Angel Investor: This does not mean angel from heaven who invests in business. According to MyTopBusinessIdeas.com: “An Angel Investor (or angel) is a high net-worth individual who typically invests in and supports startup companies (brand new ideas by existing companies in their early stage of growth, with the aim of achieving higher returns than the typical public markets provide”. Many entrepreneurs agree with the fact that angel investing is one of the best strategies for raising equity capital because of its flexibility in deal structuring and financial decisions but as a Nigerian entrepreneur you may be unable to locate angel investors in the country. So you can also look out for foreign angels who are interested in investing in Nigeria. Notable Investment Firms in the US are: New York Angels Inc, New York City Ohio Tech Angel Funds, Columbus, Ohio Hyde Park Angel Network, Chicago Golden Seeds LLC, New York City Notable Angel Investment Firms in Africa TBL Mirror Fund eVA Fund West African Synergies Africa Media Ventures Fund Jacana Partners Angel Investment Network Fanisi Capital Adlero Capital Invenfin Venture Capital East Africa Capital Fund Partners (EACFP) (As seen in AnswersAfrica.com) 7. Venture Capitals: Also known as Venture Capital Firms, Venture Capitalists or VCs. This is made up of Companies of many investors who are willing to fund high risk, high potential startups in return for a certain Percentage of shares in the company. Honestly, getting funds from VCs is usually very tough because they are seasoned investors that know the intricacies of startup, investing and running businesses who want nothing less than result or ROI. If you think you’ve got a good business idea that can stand the scrutiny of Venture Capitalists, go for it and don’t look back. Notable Venture Capital Firms in Nigeria according to MyTopBusinessIdeas.com Vetiva Capital Solid Rock Securities and Investment Limited, Lagos New Devco Investment and Securities Limited, Lagos Riggs Ventures West Africa Limited, Lagos Best Future Integrate Investment Limited, Lagos Profound Securities Limited, Lagos Osprey Investments Nigeria Limited, Abuja Webar Limited, Abuja Disok International Limited, Kaduna You may try all this options and fail but that doesn’t mean you have the worst business idea on earth. The world is full of great ideas already but only short of great business men. You know there’s always a way out of every tough situation and you can’t afford to give up now. If you try all these options mentioned above and fail, there are other creative ways to raise money for your startup such as, starting on a very small scale that you can afford to fund, you can start making money from day one of your business or get a temporary job to fund your startup.ICT IS THE IN-THING NOW BUT FOR THOSE WHO ARE IN LOVE WITH VOCATIONS AND CRAFTS,I IMPLORE THEM TO THINK ABOUT PACKAGING...If you don't know how to package your biz,come to this thread and let everybody know your problem and God would do wonders in our lives... [/b] |
Knowing that the South west dominates the ICT sector of the Nigerian economy,it would be wise and appropriate for us to deal with the problem of SEED FUNDING,ANGEL FUNDING ETC... Read this.... Samson Abioye found himself in what is familiar territory for most African entrepreneurs towards the second half of last year: he was struggling to find anyone to finance his “great idea”. Banks would not touch pass.ng, his mobile app to help Nigerian students cram for an important university exam. Then in October he secured $20,000 from 440ng, a joint venture between Africa-focused seed funders L5Lab from Lagos and Nairobi-based 88mph. 440ng took a 25 per cent stake in pass.ng, which charges students the equivalent of $1 a week or $2.50 a month for access to revision materials. Luckily Mr Abioye’s operation was lean — he is both chief executive and the de facto chief technical officer — and so the funds kept pass.ng afloat until the beginning of this year when L5Lab awarded him a further $25,000, this time in return for another 10 per cent of the equity. The financing helped pass.ng to be prepared for the crucial February-to-March period ahead of university exams in Nigeria. “So we managed to break even in February and in March we made $60,000 in revenue,” says Mr Abioye. “In April, after the revision peak we still made $30,000 and since we didn’t want to have down time we started developing other products.” Mr Abioye appears to be set on the road to success. “We’re in partnership with a telephone company, Airtel Nigeria, which is promoting us and we have plans to go international — to expand to Ghana, Togo and Ivory Coast,” he says. “Next year we’ll probably be looking for $1m,” he adds, to help finance further expansion. In May of this year, Kenya-based Chloé Spoerry was arguably in even more dire straits. With help from 88mph she had restarted HiviSasa.com, a twice-failed local-level news service, and was having to finance the company using her own money. She was willing to take such a risky step because she had two interested investors: Novastar Ventures, a Nairobi-based venture capital company, and the Omidyar Network, a philanthropic investment firm set up by eBay founder Pierre Omidyar, but the due diligence was taking months. “We ran out of money at the end of January but I decided to keep going because we never got the red light from the investors, the process was just long and slow,” she says. Her perseverance was repaid when, at the beginning of June, the investors signed off on $450,000 of funding in return for a 40 per cent stake in the company. "A lot of people have money to invest but they don’t understand the investments. Until recently, many of the successful start-ups, such as iCow, an app, which connects farmers with agricultural, market and meteorological data, often relied on organisations such as foreign governments’ aid departments or charities such as the Bill and Melinda Gates Foundation. But that is changing. Kresten Buch, a co-founder of 88mph, says that while the amount of corporate venture seed funding available to the many African start-ups emerging almost everyday is “tiny” compared with elsewhere in the world, it is nonetheless increasing. “There’s a realisation that there are so many programmes and businesses out there [investors’] business models are changing,” he says. Having said that, most of the money invested in start-ups is from abroad. “There’s some local venture capital in South Africa and Nigeria but in Kenya and elsewhere it’s mostly foreign.” “A lot of people have money to invest but they don’t understand the investment. They like to invest in things they understand. But as more companies taste success that will change. It’s just a matter of time.” Aly-Khan Satchu, a Nairobi-based business adviser, agrees. “African pools of capital predominantly [come from] tech-type people. But it’s only going to take one of these companies to be sold for a tipping point to be reached and that will change.” Fundz, a vehicle bridging investment and start-ups in Africa, has provided seed funding to entrepreneurs in Nigeria, Kenya, Cameroon and Togo. David Mark, the chief executive and founder, believes that there is a big shift going on in terms of finances. “Traditional financing is going to be dominating the show for the foreseeable future but democratisation of financing is happening,” he says. Mr Buch has noticed that one feature of the new funding models is that elements of the corporate model are creeping in, with banks such as Barclays starting venture capital entities. For people looking to invest in African enterprises, Mr Mark believes the key is to keep a strong connection to the venture. “As a start-up owner, you don’t just want an investor, you want to have someone who’s going to have an input as well,” he says. Mr Buch says another “critical factor”, in those countries where he has selected enterprises to invest in, is the deregulation of the telecoms sector. “In South Africa, it has made cheaper phone rates and cheaper smart phones. These countries are investing in infrastructure and that’s where people have access to products.” Mr Abioye hopes to be one of those entrepreneurs who will eventually help trigger the financing tipping point. “I see a public listing in about six years’ time,” he says, but cautions: “It will take a lot of hard work.” |
MO KI GBOGBO ILE O.Eku asan.You are all doing a swell job here.May God bless you all.This is a thread that should take up 98 percent of my time but.. ALAS...I am very much indisposed timewise but I would be chipping in my little bits occasionally. I DOFF MY ABETI AJA FOR YOU ALL-aareonakankanfo,shymexx,ilekehd,princemilla,9jacrip,Wizguy69,delpee,wytecat,quimicababes,sanmibukunmi,anulaxad,segend,hinohsend,aresa,okutanla,totit,segend,FFKfuckedBIANCA,SUBWAY101,Mrmbam,Okolochyke, PrincessJaneDoe,forgiveness,PassingShot,theV0ice,Rilwayne001,teamchocolate,tonytony208 laudate,orlandoowoh,missy89,flyoruboy,aresa,yemaldo,oduastates,YoruBanger,Arogunmasa,zimoni,anomini(the almost lone voice in the wilderness...cool it down,dad)and all others too important and numerous to mention. KUDOS.. REMEMBER THAT: A YORUBA IS A POTENTIAL SUCCESS. I DOFF MY HAT ONCE MORE...
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Bankole Cardoso 26, Co-founder, Easy Taxi Nigeria Cardoso was the founding chief executive of online taxi hailing app, Easy Taxi Nigeria, a Rocket Internet-backed startup. While still affiliated with Easy Taxi, he is moving on to new projects. Easy Taxi, under Cardoso’s watch, grew to be one of the most used taxi hailing apps in Lagos and Abuja. It has been a tough year for Cardoso. His mother, Stella Ameyo Adadevoh, died of Ebola this year. Adadevoh was one of the doctors in Nigeria who helped treat the disease. |
Abiola Olaniran 26, Founder, Gamsole Olaniran, 26, is the founder and CEO of Nigerian gaming company Gamsole. Olaniran founded the company in 2012, and it has venture backing from 88mph, a Kenyan seed fund. The company’s games now have more than 9 million downloads. [b]A Nigerian mobile game developer, Gamsole, is setting a high standard for future African gaming companies. Six months after its induction, in 2012, and under the leadership of CEO Abiola Elijah Olaniran, the company had already amassed an impressive player base of three million. "Different markets require different strategies, and as such it does not make sense to import Silicon Valley or Wall Street wisdom wholesale when doing business in emerging African or Asian markets," said Abiola Elijah Olaniran, CEO of Gamsole. “Different markets require different strategies, and as such it does not make sense to import Silicon Valley or Wall Street wisdom wholesale when doing business in emerging African or Asian markets,” said Abiola Elijah Olaniran, CEO of Gamsole. Gamsole develops a wide array of entertaining and educational games for Windows Phone and Windows 8, usually around an African theme. In 2014 it was one of five companies to receive a grant from the Microsoft 4Afrika Initiative, and the company is growing quickly. Today over 10 million Gamesole games have already been downloaded. Olaniran spoke to How we made it in Africa about his journey as a software developer, the primary ingredient for his success, and his entrepreneurial advice for others. What was the inspiration behind starting Gamsole? This may sound like your cliché software developer, tech junkie story, but I actually started game development out of curiosity. I say this because my journey into technology only started because I was curious about it. I grew up in Lagos surrounded by all this technology and gadgets, things I kept trying to make sense of. I think my foray into software really started when I began visiting Microsoft for technical insight. I got involved with Microsoft when a couple of technology evangelists from the company came to my university, and the interactions with them led me to take technology and software programming seriously. In fact to the point that I would go on to represent Nigeria at the Microsoft Imagine Cup in 2010. I participated in and won more competitions after that, but by 2012 I had focused on carving a niche in game development, and the only logical thing to do was to found a gaming company. Thus, Gamsole was born. How did you finance your start-up? How did you turn your idea into a reality? After validating my idea by winning the Samsung developer challenge, also in 2010, I decided to focus on developing games for different app stores. During that time, I got the idea to join the 88mph accelerator programme, which provided the seed investment for Gamsole. What was the tipping point for your company and why do you think it has been this successful? I think the primary ingredient of our success was having strategic advisers very early on in the company which helped us understand the need for monetisation for each game we developed. We quickly became a sustainable venture, and are now profitable. Of the games you have developed, which ones have been particularly popular? And why do you think that is? On average, all our games have similar amounts of attention and downloads, and I believe that’s because we decided to focus on a new, emerging and under-served market at the early stage of the Windows Phone platform’s introduction. Your most effective marketing tactic so far? To be honest, we do little to no marketing. Our downloads are mostly as a result of deep platform penetration. Regions where the Windows Phone platform is popular tend to reward us very well. Drawing from your experience, what steps do you think African companies can take to become global players? There are a number of local problems that can unlock tremendous value for the ones who solve them, so not every company needs to do this. However, if a start-up happens [to produce] a product whose relevance transcends borders, then they must turn their attention to quality, and work to ensure their offering can at the very least stand toe-to-toe with comparative propositions across the globe. What is the one thing you wish you knew about entrepreneurship before you got started? Different markets require different strategies, and as such it does not make sense to import Silicon Valley or Wall Street wisdom wholesale when doing business in emerging African or Asian markets. Entrepreneurial principles are universal, but they need to be utilised in context. I’m glad I learnt that lesson early in my journey. If you had one piece of advice for entrepreneurs just starting out in Nigeria, what would it be? Figure out how you’re going to make money from the business before you get started. Even if it requires a bit of runway to achieve profit, ensure there is a viable revenue model underpinning the venture. It is business after all.[/b]
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Ola Orekunrin 29, Medical Doctor & Founder, The Flying Doctors Orekunrin is founder and Managing Director of Flying Doctors Nigeria Ltd., an air ambulance service based in Lagos, Nigeria. Orekunrin’s company is the first air ambulance service in West Africa to provide urgent helicopter, airplane ambulance and evacuation services. “Tragedy led me to entrepreneurship,” she says. “I believe that perhaps my sister, who died when she was just 12 years old, may have lived if this sort of service was available in Nigeria at the time,” she says. Born in London and raised in a working-class foster home in Lowestoft, a little fishing town in the East of England, Orekunrin enrolled for a medical degree at the University of York and qualified at 21 – one of the youngest ever to take the doctor’s Hippocratic Oath in Britain. She is a 2013 New Voices Fellow at the Aspen Institute and was named a Young Global Leader in 2013 by the World Economic Forum. |
WIZGUY69:lol.... |
OLU ATANDA Patents Self-lubricating layer for data storage devices Patent number: 6677105 Abstract: A silicon nitride self-lubricating layer forms the upper surface of a data storage device, such as a rotating disk or a non-rotating memory device, e.g., a credit card-type memory device using a memory strip. The silicon nitride self-lubricating layer can replace the carbon protective overcoat and liquid lubricant used in conventional data storage devices. The silicon nitride self-lubrication layer provides the desired lubrication and protection between the slider and the data storage device. The silicon nitride layer also will not evaporate under high temperatures found in an optical data storage system. In addition, a data storage device may include a plastic polymer layer over which an iron oxide material is deposited. The use of a plastic polymer layer and iron oxide recording layer is particularly advantageous because a low temperature deposition process can be used with the iron oxide material. Type: Grant Filed: May 4, 2001 Issued: January 13, 2004 Assignee: Toda Kogyo Corporation Inventors: Po Wen Wang, Evan F. Cromwell, Olu Atanda Self-lubricating layer for a data storage disk Patent number: 6430114 Abstract: A silicon nitride self-lubricating layer forms the upper surface of a data storage disk. The silicon nitride self-lubricating layer can replace the carbon protective overcoat and liquid lubricant used in conventional data storage devices in which an aerodynamic slider is supported by an air bearing by providing both physical protection for the underlying recording layer and lubrication between the slider and the disk. Type: Grant Filed: May 12, 2000 Issued: August 6, 2002 Assignee: Toda Citron Technologies, Inc. Inventors: Po-Wen Wang, Evan F. Cromwell, Olu Atanda Self-lubricating layer for data storage devices Application number: 20010055702 Abstract: A silicon nitride self-lubricating layer forms the upper surface of a data storage device, such as a rotating disk or a non-rotating memory device, e.g., a credit card-type memory device using a memory strip. The silicon nitride self-lubricating layer can replace the carbon protective overcoat and liquid lubricant used in conventional data storage devices. The silicon nitride self-lubrication layer provides the desired lubrication and protection between the slider and the data storage device. The silicon nitride layer also will not evaporate under high temperatures found in an optical data storage system. In addition, a data storage device may include a plastic polymer layer over which an iron oxide material is deposited. The use of a plastic polymer layer and iron oxide recording layer is particularly advantageous because a low temperature deposition process can be used with the iron oxide material. Type: Application Filed: May 4, 2001 Issued: December 27, 2001 Inventors: Po Wen Wang, Evan F. Cromwell, Olu Atanda |
Kunle Olukotun Kunle Olukotun is the Cadence Design Systems Professor of Electrical Engineering and Computer Science at Stanford University and he has been on the faculty since 1991. Olukotun is well known for leading the Stanford Hydra research project which developed one of the first chip multiprocessors with support for thread-level speculation (TLS). Olukotun founded Afara Websystems to develop high-throughput, low power server systems with chip multiprocessor technology. Afara was acquired by Sun Microsystems; the Afara microprocessor technology, called Niagara, is at the center of Sun's throughput computing initiative. Niagara based systems have become one of Sun's fastest ramping products ever. Olukotun is actively involved in research in computer architecture, parallel programming environments and scalable parallel systems. Olukotun currently co-leads the Transactional Coherence and Consistency project whose goal is to make parallel programming accessible to average programmers. Olukotun also directs the Stanford Pervasive Parallelism Lab (PPL) which seeks to proliferate the use of parallelism in all application areas. Olukotun is an ACM Fellow (2006) for contributions to multiprocessors on a chip and multi threaded processor design. He has authored many papers on CMP design and parallel software and recently completed a book on CMP architecture. Olukotun received his Ph.D. in Computer Engineering from The University of Michigan. Details here...http://spectrum.ieee.org/semiconductors/processors/winner-suns-big-splash/0
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Aareonakakanfo: ![]() |
ProfShymex:Great bros.So would I... |
Seyi Oyesola Co-inventor of “Hospital-in-a-Box”, a solar-powered, life-saving operating room which can be transported to remote areas of Africa and set up quickly Although he spent part of his youth in America (including going to high school in Cleveland, OH), Seyi Oyesola’s heart was always in his native country of Nigeria as he dreamed of returning there to become a physician and help his people. After completing high school here, he returned with his family to his homeland where he earned his medical degree and began his internship training. But he soon discovered that on his meager salary as an intern, he could barely afford to maintain his mother’s ageing car. So he left Nigeria for Britain to complete his training, asking himself: “Is this going to be a permanent phenomenon? Will we keep paying doctors in Africa so poorly that they migrate to the U.S. or the United Kingdom?” As he later realized when he began practice as an anesthesiologist and critical care physician, such situations are but microcosms of more serious medical and healthcare problems plaguing Africa. But with determinism and optimism, Seyi is doing his part to make a difference. Why He’s Important: After being fed up with the deplorable state of emergency medicine that he saw in many remote parts of Africa, Seyi set about to find a way to bring quickly transportable and assembled surgical care to these areas in emergency cases. The answer came when he collaborated with English engineer Alexander Bushell. The pair developed “The CompactOR,” or more popularly known as “Hospital-in-a-Box”– a solar-powered portable operating theatre replete with all the equipment found in a normal operating theatre, including a defibrillator, EKG monitoring, suction, an anesthetic machine, and surgical lighting. The award-winning invention was launched in 2007 and is in use in rural areas of Africa. Common ailments and injuries (such as trauma, burns and heart attacks) are survivable in developed countries, but kill thousands of Africans each year because basic medical care is often not available. Hospital-in-a-box, powered by solar panels (and if necessary supported by pedal power or from a car battery), can be dropped into inaccessible zones by helicopter and set up quickly. Current Activities: Dr. Oyesola is Chief Medical Director of the newly-opened Delta State University Teaching Hospital in Nigeria. He is also a director of Practice Ventures (Britain), a company that specializes in the supply and maintenance of high-tech medical equipment to African hospitals. In addition, he has served as senior lecturer at the Imperial College School of Medicine in London. Education: He completed his Bachelor’s of Science degree and medical degree from the University of Lagos, Nigeria with specialist training in Anesthesia and Critical Care in Britain and the U.S. In His Own Words: “In serving a cause greater than self, a team is able to produce results in a way that the whole is greater than the sum of the parts,” says Seyi regarding the team approach he likes to take in solving problems.
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Meet Nigeria's Tablet Computer Pioneer ... FORBES Saheed Adepoju, 28, is co-founder and chief visionary of the Encipher Group, a Nigerian-based technology company that has produced the country’s first tablet computer, ‘Inye’. The word Inye is derived from Nigeria’s Igala language and means ‘Number 1’. Earlier today the Bournemouth University Advanced Computing graduate briefly let me in on his start-up story and spoke about his ambitions for his company. Recommended by Forbes What inspired your passion for personal computers? My love affair started back when I was a mere 13 year-old in high school. I was fascinated by computer games. During my school days I met Anibe Agamah, who would later on become my co-founder at Encipher. We shared floppy disk drives with various games, and after our high school leaving exams we both set out to learn computer programming. We learnt how to code in C-language and Assembl. Anibe had a more artistic inclination and his web skills picked up and mapped out a year later. He also went on to study computer science and acquired an Msc in technology management while I ventured into software engineering. What’s the story behind Encipher Group, and what was the inspiration for the INYE tablet computer? Encipher was set up originally in the UK as a company which combined both strengths of the founders: Web application development and software development. This was back in June 2008. We actually set up shop when we got our first web application development job. As time went on, we decided to expand into new territories, hence our decision to branch out to making personal computers. The real inspiration for Encipher INYE is the Apple iPad. With the nature of the operating system the iPad had and its portability, we felt we had an entry point within the Nigerian market with a tablet. I had been having a look at the Android OS [operating system] since its launch in 2008 and I felt that a tablet PC running on Android OS with its open nature provided us an opportunity to get Nigerian developers building applications for it and also provided an alternative product for indigenous consumers. Tell us about your flagship product-the Inye Tablet Computer. The Inye tablet comes in 2 specs: INYE-1 was unveiled April 2010 and is a 7-inch resistive screen tablet. It runs android 2.1 and allows a user to connect to the internet using its inbuilt WIFI card and allows a user to also use an external 3G modem from GSM networks. It offers about 3hrs of battery life and allows HDMI output to HDMI capable devices (e.g. TV). It also allows a user to plug USB devices such as external flash drives and keyboards. INYE-2, which was unveiled in May 2011, is an 8-inch capacitive screen tablet. It runs Android 2.2 and allows a user to connect to the internet using its inbuilt Wi-Fi card as well as using inbuilt SIM [card]. It offers about 8 hours of battery life. It also offers connection to other USB devices such as external flash drives, keyboard and mouse. What’s your comparative advantage? Are there any special features Encipher tablets have that the iPad, Playbook or other tablets do not possess? The comparative advantage to the iPad and Playbook is the nature of [operating system] our devices run. The Android OS is seen to be the fastest growing platform currently within the mobile space. The open nature of the OS allows third party developers to build relevant applications for vertical markets which are still relatively untapped at the moment. How much do your tablets cost, and how many tablets have you sold so far? continue here...http://www.forbes.com/sites/mfonobongnsehe/2011/10/18/meet-nigerias-tablet-computer-pioneer/ http://www.bbc.com/news/world-africa-18895366 http://nativedge.com/blog/tech-success-interview-with-saheed-adepoju-africas-tablet-pioneer/
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Prince Bola Ajibola, CFR, KBE, SAN, LL.B, B.L, FCI, NAILS, LL.D His Excellency, Prince Bola Ajibola was born on the 22 nd day of March 1934 in Abeokuta, Ogun State to Oba Abdul-Salam Ajibola Gbadela II who ruled Owu-Abeokuta between 1949 and 1972.His Excellency attended Owu Baptist Day School and Baptist Boys High School (BBHS) both in Abeokuta between 1942 and 1955. He obtained his LL.B at the Horlborn College of Law, University of London between 1959 and 1962. Prince Bola Ajibola was called to the Bar at Lincoln's Inn, London on the 27th day of November 1962. He was made a senior advocate of Nigeria (SAN) in 1986. He practiced in Lagos, Abeokuta and Kaduna between 1962 and 1985 and was the Principal Partner, Bola Ajibola & Co. for the period. He was President of the Nigerian Bar Association (NBA) between 1984 and 1985 and then served as Attorney General and Minister of Justice of the Federal Republic of Nigeria between 1985 and 1991. A Knight of the British Empire (KBE), Prince Bola Ajibola served as Judge at the International Court of Justice at The Hague between 1991 and 1994; and then as ad-hoc Judge form 1994 to 2002. He also served as Nigeria's High Commissioner to the United Kingdom between 1999 and 2002. His other International assignments include Commissioner of UN Compensation Commission on Kuwait/Iraqi war (1994-2000); Member, Permanent Court of Arbitration, The Hague, the Netherlands; Member, Governing Board of International Maritime Law Institute, Malta, Member, Court of Arbitration for Sports in Kuala Lumpur 1998; and President Pan African Council of the London Court of International Arbitration (1994-1999). A Fellow of the Chartered Institute of Arbitrators, London, Prince Bola Ajibola is Member, International Law Commission, United Nations, Geneva (1986-1991); Member, International Development Law Institute, Rome; and Member of the Advisory Board, University of Buckingham, England. The Commander of the Federal Republic of Nigeria (CFR) is the Chairman of Nigeria/Cameroon Mixed Commission from 2002 to date using diplomatic means to find solution to the border dispute between the two countries. He is also the Chairman of the National Political Reform Conference (NPRC) Committee on Judiciary and Legal Reforms. His Excellency has served the country in many other capacities, some of which are: Chairman, Task Force for the Revision of the Laws of the Federation, 1990; Member, Advisory Judicial Committee (1985-1991); Member, Judicial Service Committee, Abuja (1987-1991); Fellow of the Institute of Advanced Legal Studies; Chairman of the Human Rights Committee of the NBA (1980 -1984) Member of the Privileges Committee of the BAR responsible for the selection of SANs (1985 -1991); etc. Prince Bola Ajibola has Honorary Doctor of` Letter (D. Litt) from the Usman Dan Fodio University, Sokoto and Doctor of Agriculture, (D. Agric.) from the University of Agriculture, Abeokuta. He is a member of the Yoruba Tennis Club, Logos; Abeokuta Club; Metropolitan Club, Lagos; Club 5055 of BBHS; and Nieuwe of Litteraire Societeit de Witte, The Hague, the Netherlands. His hobbies include Reading and Writing.
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Taslim Olawale Elias Taslim Olawale Elias (11 November 1914 – 14 August 1991) was a Nigerian jurist. He was Attorney-General and Chief Justice of Nigeria and a judge and President of the International Court of Justice. He was a scholar who modernised and extensively revised the laws of Nigeria. Youth and studies Elias was born in Lagos, the capital of Nigeria, on 11 November 1914.[1] He received his secondary education at the Church Missionary Society Grammar School and Igbobi College in Lagos. He married Ganiat Yetunde Fowosere, and the couple would have five children together (three sons, two daughters). After passing the Cambridge School Certificate examination, he worked as an assistant in the Government Audit Department. In 1935 he joined the Nigerian Railway and served in the Chief Accountant's Office for nine years. While working at the Nigerian Railway Elias became an external student of London University, and later he passed the intermediate examinations for the B.A. and LL.B degrees. He left Nigeria for the United Kingdom in 1944 and was admitted to University College London. As this was during World War II, with London the target of frequent bomb attacks, he spent some time at Cambridge's Trinity College. He graduated with a B.A. the year he entered University College London and two years later received the LL.B. In 1947 he was called to the bar at the Inner Temple, where he was a Yarborough Anderson Scholar, and in the same year received his LL.M degree. He continued his graduate education and became the first African to earned a PhD in law from the University of London in 1949.[2][3] In 1951 Elias was awarded a UNESCO Fellowship to undertake research into the legal, economic, and social problems of Africa. Later that year he had his first academic appointment, the Simon Senior Research Fellow at Manchester University. There he was an instructor in law and social anthropology. It was also in 1951 that he published his first book, Nigerian Land Law and Custom. Professional life Elias moved from Manchester to Oxford in 1954 when he became the Oppenheimer Research Fellow at the Institute of Commonwealth Studies, Nuffield College and Queen Elizabeth House. He continued his research into Nigerian law and published Groundwork of Nigerian Law in the same year. In 1956 he was visiting professor of political science at the University of Delhi. He was instrumental in organising courses in government, law, and social anthropology and in establishing the African Studies Department. Elias also lectured at the universities of Aligarh, Allahabad, Bombay, and Calcutta. In that year he also published two books, Makers of Nigerian Law and The Nature of African Customary Law. He returned to London in 1957 and was appointed a Governor of the School of Oriental and African Studies. As the constitutional and legal adviser to the National Council of Nigeria and the Cameroons (which later became the National Convention of Nigerian Citizens), he participated in the 1958 Nigerian Constitutional Conference in London. He was one of the architects of Nigeria's independence constitution In 1960 Elias was invited to become Nigeria's Attorney-General and Minister of Justice.[4] He served in this capacity through the whole of the first republic. Although later dismissed after the coup d'état in January 1966, he was reinstated in November of that year. In addition to contributing to Nigerian and African law, Elias had long been active in field of international law.[5] He was a member of the United Nations International Law Commission from 1961 to 1975, he served as General Rapporteur from 1965 to 1966 and was its chairman in 1970.[5] He was the leader of the Nigerian delegations to the conference held to consider the Draft Convention on the Settlement of Investment Disputes between States and Nationals of Other States in 1963 and to the Special Committee on the Principles of International Law concerning Friendly Relations and Co-operation among States in 1964.[5] He was a member of the United Nations Committee of Experts which drafted the constitution of the Congo, 1961–1962. He also helped to draft the charter of the Organization of African Unity (O.A.U.), and its Protocol of Mediation, Conciliation and Arbitration.[5] Elias also represented the O.A.U. and Nigeria before the International Court of Justice in the proceedings concerning the status of Namibia.[5] He was elected as an associate member of the Institut de droit international in 1969.[5] He was Chairman of the Committee of the Whole at the Vienna Conference on the Law of Treaties (1968–1969).[6] In 1966 Elias was appointed Professor and Dean of the Faculty of Law at the University of Lagos. Four years earlier he had received the LL.D. degree from the University of London for his work on African law and British colonial law. (He would go on to receive a total of 17 honorary doctorate degrees from various universities around the world[5]). He was one the inaugural recipients of the Nigerian National Merit Award in 1979.[7] Several of his works on various legal subjects[5] were standard reading in Africa in law schools of the former British colonies. Later in 1966, Elias was re-appointed as Nigeria's Attorney-General and Commissioner for Justice (a position he held while remaining Dean and Professor at the University of Lagos), until 1972, when he became Chief Justice of the Supreme Court of Nigeria.[4] He was ousted from this position by a military regime that took power in Nigeria at the end of July 1975. A few months later (in October 1975), he was elected by the General Assembly and the Security Council of the United Nations to the International Court of Justice at The Hague.[4] In 1979, he was elected Vice-President by his colleagues on that Court. In 1981, after the death of Sir Humphrey Waldock, the President of the Court, he took over as Acting President. In 1982, the members of the Court elected him President of the Court. He thus became the first African jurist to hold that honour. Five years later, Elias was also appointed to the Permanent Court of Arbitration at The Hague. Death Elias died on 14 August 1991, in Lagos, Nigeria. The names of his five children are Gbolahan, Femi, Sola, Yeside and Folake Elias
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WIZGUY69:Ii is so funny.Imagine English language as a subject or course been taught in Yoruba language...lol. |
Aareonakakanfo:lol. ..you really want to cut the great Yoruba Nation from the major part of the world.Just imagine your son been asked what his name is and he says...KINI E WI, ,SIR..lol. I think a Yoruba Youth Academy kind of thing can be established in each local govt that will encompass the arts,the sciences,ICT et al,vocation/packaging,biz/trading etc.Experts and professionals would be invited.Every working and employed Yoruba would contribute his or her stipend every month voluntarily of course. Incentives like being sent abroad or sent to higher institutions in Nigeria for scientists, ICT would-be-gurus etc and helping with capital without interest but remittances every month/year until every dime is paid back(all of these with good monitoring,of course.Remember,every Yoruba is a potential success... |
Aareonakakanfo: |
totit:Remember to put links...pls. |
Aareonakakanfo:You just nailed it.Remember the Shooting stars and Rangers days. |
IlekeHD:The youngest PhD holders in Africa... |
Aareonakakanfo:Those leeches are mostly traders and as long as the Yoruba men(except Kwarans and Ijebus)see trading as a lowlife thing,things could fall apart more than envisaged.Every Yoruba is a potential success.Nigeria of today wants Yorubas to add trading to the vocations they have acquired.Pick 100 traders and 100 craftsmen and you would understand the Yoruba adage:ISE OWO,OMO ASEJE;OWO OMO ASELA... Meaning:VOCATION OR CRAFTS IS DONE FOR DAILY MEALS WHILE TRADE IS DONE FOR REAL WEALTH... |
nduchucks:That is a laudable comment but I 'd rather you don' t slam the door.Yes,it is beautiful.Have an angelic dream Sir.BYE BYE... |
tunde1200:We know Kwara is 90% Yoruba... |
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