Precious David

Tech and entertainment

[Precious David @Precido19]

https://t.co/zt1Ju8Ffqc

[Emeka Ajene ✍🏽 @eajene]

"The wealthiest Africans 10 years from now will not be the Dangotes and the Masiyiwas of this world.

It will be the young people sitting right now building AI applications for agriculture, health sector, food security..."

That prediction came from billionaire entrepreneur Strive Masiyiwa himself at Global Africa Business Initiative's 2025 Unstoppable Africa event.

His reasoning?

The AI revolution has fundamentally changed the startup game:

• Lower barriers to entry: AI businesses require 1/10th the capital of traditional ventures

• Unprecedented scalability: Solutions can cross borders at speeds unimaginable 30 years ago

• Rapid developer growth: African developers are growing faster than their European counterparts on platforms like Groq

• Real-world applications: From crop diagnostics on farmer smartphones to AI-powered education in local languages

The ingredients for wealth creation on the continent are changing

But Masiyiwa's prediction only comes true if progress continues to be made on critical foundations — electricity, connectivity, data infrastructure, digital skills, and language inclusivity.

➜ https://t.co/8vi6JpoBJk

[SokoAnalyst @SokoAnalyst]

Your network is not your net worth. Your ability to create value for your network is.

[Osaretin Victor Asemota @asemota]

If I weren't there at the very start of a Nigerian telco, I would believe the trope people always put out that things "were guaranteed." Nothing could be further from that.

Let's start with the licensing. You first had to put up a $20m deposit before you could bid. If you bid and won but were unable to pay for your license, you forfeited $20m. Mike Adenuga lost that amount then, and it was a lot of money. It is still a lot of money.

For Econet Wireless, to get that amount the first time, Oceanic Bank had to put it up, backed by guarantees from Delta State, which managed all their federal allocation payments. Getting that first $20m was one of the hardest things I have seen.

Oboden Ibru didn't trust the Zimbabweans; he believed they didn't have any money to invest, and his bank would have to commit more to save the $20m, and he was eventually right.

Even forming the consortium and selecting partners was a difficult and heartwrenching process. There were meetings that lasted long into the night. I still can't forget a trip I took to Delta and Akwa Ibom to present documents to the state governments, inviting them to invest. Another competing party tried to beat me to Uyo by chartering a private jet as I drove like a maniac and got there by road.

After the bid was won, raising the $285m was the most beautiful financial engineering process I had ever witnessed. The late Osaze Osifo was a genius and one of the smartest people I had ever met. I learned so much from what he and his HSBC Capital team did. Other investment bankers, like the late Laolu Mudashiru of Vetiva, watched and learned, too.

After paying for the license, we now had to raise money for working capital. I personally raised 7 million Naira from New Nigeria Bank to pay for the office rent. Got furniture from Chair Center and another company on credit. My guy, Elias Igbinakenzua, was then an Executive Director at Zenith Bank, and we managed to negotiate a 500m Naira overdraft facility to start the business.

Everyone was broke and stretched. We took a loan from New Nigeria Bank to cover our share of the equity, and the interest on the loan was accruing at 1.8 million Naira per day. We eventually sold half of the shares at a profit to cover the cost. Before then, we were juggling CPs and BAs to cover the initial $20m and dodging Oboden Ibru, who was at wits end.

To add to that, we had a technical partner who lied about bringing in 40% of the capital. They, too, could not raise money, so the pressure was on the existing shareholders, who eventually kicked him out but still left him with 5% for the brand thanks to the intervention of Delta State, represented on the board by David Edevbie.

Today, that company is now Airtel Nigeria, and someone will tell me that "Demand was guaranteed. " Idiots.

Rolling out the service was another story. Educating the market and competing with MTN, who had smarter people and deeper pockets, was brutal. Dem Eleso, their CTO at the time, was a telco savant. Funny thing was that we were offered his services first, but rh Zimbabweans rejected him. MTN snatched him. He became our nightmare.

[Precious David @Precido19]

To every dad whose advice continues to guide and inspire us. Thank you, and Happy Father’s Day.

[Luxi ⭐ @0xLuxi]

The goal isn’t to get rich fast. It’s to stay rich forever.

[Precious David @Precido19]

Go all in. Because half in is actually all out. Even 90% gets you nowhere. There’s magic in that last little bit. New levels unlocked. Simply because so few have the courage to go ther

[Precious David @Precido19]

1billion will be going for different startup investment (it will be strategic and calculative risk to bet against the future).

300M with T-bills or Money Market.

Hold 100M cos cash is king.

Go hard or go home, risk it all the way.

That’s how I’ll spend mine, Thank You.

[Shola 👑 @itsSh0la]

If you have 1.4 billion Naira right now, how are you spending it in a way you’d never be broke again?

[Precious David @Precido19]

In every poor family a man is born to change that family (I’m the man)

[Precious David @Precido19]

😂😂😂

[Jeffrey Biles @JeffreyBiles]

100% of the world's trillionaires are experts in physics

[Sir Dickson @Wizarab10]

I dont understand why a man is asked to go get married just because he has made money.

"You have a good job. You have a good apartment. You have money. What are you waiting for? Get yourself a woman."

Get a woman to do what? Getting married is not the problem, I have a problem with the monetary qualification. Why do I need money to get married and she comes as she is?

Marriage is a merger not an acquisition. Thus, your financial status is irrelevant. Whatever stage you are in life and you choose to commit, the parties come together to do life together, which means that the bills become one. Both income are family income and the couple put family first by investing both income to the success of the home. Marriage is not the acquiring of somebody to increase your burden and expenses.

[Reads with Ravi @readswithravi]

A reminder from The Psychology of Money by Morgan Housel:

“The highest form of wealth is the ability to wake up every morning and say, ‘I can do whatever I want today.’ People want to become wealthier to make them happier. Happiness is a complicated subject because everyone’s different. But if there’s a common denominator in happiness—a universal fuel of joy—it’s that people want to control their lives. The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.”

[lynk @lynk0x]

If pharmaceutical companies cured you, they'd go bankrupt.

if banks helped you get out of debt, they'd collapse.

if politicians actually solved all your problems, nobody would elect them again.

If Tom kills Jerry the show is over.
It's all a big show.

Everything is fake.

[Precious David @Precido19]

First Millionaire: John Astor (~early 1800s)
First Billionaire: John D. Rockefeller (1916)
First Trillionaire: Elon Musk (2026)

[Precious David @Precido19]

World’s First Trillionaire

[lilyshops @lilyshopsHQ]

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[Goz @SanjitheSage]

Even for bible Na Moses tell pharaoh let my people go but your pastor is shy.

[Teddy Blank @teddypowday]

Your CEO should be strong.

Your CTO should be wise.

Your COO should be wicked, cunning, of mysterious origins, fluent in the dark arts, blurry in pictures,

[lilyshops @lilyshopsHQ]

https://t.co/5ujcjXLU0w

[lilyshops @lilyshopsHQ]

Between a 9-to-5 grind, traffic, lectures, and assignments, who has two hours to spend cooking or waiting on erratic delivery riders? You’re working hard to build your future, but you’re surviving on snacks and cold fast food.

[lilyshops @lilyshopsHQ]

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