MSMEs are 96% of Nigerian businesses and yet they get less than 5% of bank credit. This isn’t a market problem. It is a design problem. The system wasn’t built for them and it’s high time we build one.
This is not really an insult but the truth. Being in one place will doom you. This is why I laugh when people criticize migration, especially the "go beck" clowns. A moving man/woman finds their luck. A genius at rest is worse than an idiot.
Segun Agbaje, the Group CEO of GTCO, on why GTCO is not interested in expanding to South Africa.
He says South Africa is a mature market. All South African companies making money are making it from Nigeria.
He cannot go to SA to make money while they're coming here.
History maker! 🇳🇬🏆
At 5, Aisosa Agbon-Ifo became Nigeria's youngest STEM Olympiad gold medalist. Now at 6, he has secured back-to-back victories by winning the 2026 Grade 2 category.
Congratulations to the young champion from Banana Island International School! 👏🧮
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world. ” - Archimedes.
This is why I refuse the fraud and poverty capital tag for Nigerians. Give people a chance and like Archimedes with a lever and fulcrum, they will move the world.
Nigeria is on an absolute intellectual winning streak on the global stage! 🇳🇬🔥
While we are rightfully celebrating our brilliant boys who secured Mathematics gold in Rome today, we must also amplify the story of another history-maker.
Meet Adeolu Damilola Oreofe. 🧵👇 (1/4)
@Newzroom405 This is an insult to the integrity of the Nigerian people who are law abiding, hardworking, and genuine business people. This one is for the books.
Early in the 2000s, we made a lot of money in tech by sending engineers to companies to support third-party enterprise apps, analyzing transaction logs, and fixing problems. We turned enterprise tech support in Africa into a lucrative niche.
I used to go to tech events regularly to find new partners we could support, and I met Splunk. They had automated our work. That day, I knew the business model was over, and we had to figure out something new.
I was going insane with worry. I got my guys to learn virtualization and move more towards cloud and infrastructure, as I also saw that the on-prem support days were coming to an end.
We decided to return to building products, and I hired a product manager who was with us for only 6 months. I had to go and learn product management at @ga all over again. I also took an HBS course on launching new ventures, which changed everything for me.
I started backing startups and made more money from doing that than all the work I had done before. I also saw the handwriting on the wall for startup investments as the Chinese were coming for our market. PalmPay and OPay are not flukes.
We partnered with Huawei, and I tell you, the Chinese build better software than anyone in Africa. MTN is not stupid with their recent ANT Financial partnership. The Chinese own fintech. Huawei’s infrastructure and products power the largest fintech implementations in Africa. Forget all the Mickey Mouse games people are playing. They will win.
AI came, and I was relieved. I felt it would help us close the gaps. AI is now threatening everything about tech as I used to know it. Forget all of the posturing and plenty of talk. The next decade is going to be the most tumultuous for tech professionals and tech investors. AI has eaten up everything. It dominates the news cycle and sucks up all the free capital.
I wasn't joking when I said African fintechs should do an AI pivot. Take the data and build new products. Forget transaction revenue.
Healthcare is my next focus. It is the holy grail of African AI. So much to be done and so little already done. My recent surgery experience was an eye-opener. Literally and figuratively. That is my next pivot. All what we think we know and are doing in fintech and other areas will be rubbished soon. Healthcare is the African tech growth sector. I have seen the future.
Prof Osuide cured me of the "Joy Trap" with one sentence. "Nothing impoverishes a man faster than unbridled generosity." My father used to tell me that he was the most stingy when he had money. I didn't clock it until much later. We never had to support him after retirement.
@Divayetty1 This guy may not be aware of his new fortune and how to scale up production to meet expectations. Someone needs to step in on a humanitarian basis to give him full awareness of the business new reality.
@Divayetty1 God knows, I sometimes step in to advise businesses like this for free in situations like this. I once cautioned my barber about the folks hanging around his shop charging phones. Their presence were chasing customers away. Truly, he made adjustments, and sales have gone up.