Dear readers from all over the world - thank you!
This year marks 10th anniversary of “How China Escaped the Poverty Trap.” It couldn’t have scaled walls and traveled without your support & sharing
The book is now FREE to download (link below)
https://t.co/OX87veC0RW
🇨🇺 In 1961, Fidel Castro closed Cuban schools for a year and sent students from 6th grade and up, along with teachers, across the country to help others Cubans learn to read and write and It was successful. In just 8 months, Cuba's illiteracy rate dropped from around 23% to 3.9%.
🚨📱| Gary Lineker’s Emotional Message to Lionel Messi
🗣️: “Forget football for a moment.
Imagine walking onto a World Cup pitch knowing your father is seriously ill. Imagine carrying that fear in your heart while millions watch you, judge you, abuse you, and even send you death threats.
Lionel Messi still played. He still carried Argentina. He still gave everything.
And now, after all of that, he has lost his father.
People will remember the goals, the trophies and the performances. But behind all of it was a son worrying about his dad while trying to do his job on the biggest stage in football.
That puts everything into perspective.
No football rivalry, no argument, no player debate is bigger than this.
My deepest condolences to Lionel Messi and the entire Messi family. May Jorge Messi rest in peace. 🕊️❤️
Be kind. You never know what someone is carrying behind the scenes.”
Relocate out of Nigeria. No. Fear of the unknown
Marry. No. Fear of the unknown.
Start that new industry. No. Fear of the unknown.
Make new friends. No. Fear of the unknown.
Change that job. No. Fear of the unknown.
Do not let the unknown variables hold you back in life. Go for it. Break new frontiers.
Can’t you see that fear of the unknown is holding you back.
❝You don't always have to follow what everybody else is doing. Flavour is in Nigeria making money than a lot of artistes that are touring in America.❞
- Davido
Today, I expressed our commitment to the immediate flag-off and successful delivery of the Aba Commercial Smart City project, a transformative initiative that has the potential to redefine Aba as a modern commercial and technology-driven hub.
During a business meeting with the leadership of the project at Government House, Umuahia, I charged all project partners to fast-track the necessary processes so we can move from planning to implementation. In Abia, we do not believe in abandoned projects. We only embark on projects we are determined to complete.
I also directed the DG/CEO of the Public Private Partnership and Investment Promotion Office, Mr. Chinedu Chijioke, to work closely with the project team to ensure the State is ready for the project's flag-off.
I appreciate the commitment shown by the CEO of Aba Commercial Smart City and former Minister of Power, Prof. Chinedu Nebo, who described the project as one that will restore Aba to its pride of place, as well as the Board of Trustees Chairman, Sir Dr. Mike Okiro, former Inspector General of Police, and the Founder and President of Aba Commercial Smart City, Ambassador Osita Offor (Ultimate Commander), who presented a financially realistic framework for the project.
The team also informed us that, through their financial adviser and partnering banks, they have secured an initial ₦20 billion to commence the project.
The Aba Commercial Smart City promises to be a game changer for our State. With technology, innovation, and strategic partnerships driving its development, we remain committed to ensuring that this vision becomes a reality for the benefit of Ndi Abia and generations to come.
I think every student who graduates with a First Class from any Nigerian university should have 100% of their school fees refunded, plus a ₦1 million excellence bonus.
I came across a similar incentive model in the Netherlands, and it made me think.
Imagine the message it would send: Hard work pays. Excellence is rewarded.
Instead of only celebrating academic success with certificates, why not attach real value to it?
It could fundamentally change how many students approach their education.
“There is a cheaper informal version of almost everything you sell. So people don't pay. Then we blame VCs for not funding the very thing we ourselves won't buy. That math has never worked.”
I didn't realize when I shouted Amen!!!
My wife and I can afford to eat at expensive places if we want; I choose to cook at home or order from a place called “Mum’s Kitchen” in Accra. It is a low-cost but high-quality food kitchen/restaurant that my friend’s mum opened behind her son’s pricier and a bit more upscale restaurant with a more aspirational menu. Mum’s Kitchen sells the local staples in a neater environment at the right price. Keep that in mind; it is important.
What has worked successfully about Mum’s Kitchen is that “Mummy Andoh” isn't trying to exploit people. She doesn't need to. She is wealthy and doing it for fun, but her children saw the numbers and were dumbfounded. She is doing better than them and everyone else. The key to all of this is value. She provides better value for the price, and people troop in. The restaurant is very profitable.
There are meals she cooks better than I do, and when I buy them, I don't feel exploited. I pay for value. There are cheaper and dirtier places, but we prefer Mum’s Kitchen. Mummy Andoh is also always there to ensure quality. I saw her yesterday evening. She tries to give me a discount, and I try to pay even more.
Someone in Lagos did something similar many years ago before Mega Chicken and he had 8 restaurants netting him $1.5m monthly. It stunned me. One day, I went to Mega Chicken, saw similar crowds and I understood the model. The other guy runs unbranded bukas exactly like Mega Chicken in densely populated areas. Both models are profitable.
I wrote an article long ago on Proximate Value Pricing in local tech - https://t.co/inF5mDQNSR
I should rewrite a consumer products version soon. I saw something in Brazil years ago with Nubank and predicted they would become a unicorn long before they did. They were providing a high-value consumer credit card product at sensible pricing that people expected. They were not the most expensive or the cheapest; they provided the best value and pricing mix.
They became a unicorn not because they had 3 million customers in 2017; it was. Because they had 11 million customers on the waitlist trying to join them. Their problems were different from others'. It was maintaining quality and not looking for customers.
Nubank never had a marketing team; they saw the true gap in the market, and they optimized their product teams for extreme product-market fit. Proximate Value Pricing is part of the toolbox in building a profitable and growing business when you hit PMF. It is also how you hit PMF. Simple but hard.
🚨🔵🔴 BREAKING: Rodri’s agent confirms he’s picked Barcelona over Real Madrid.
“Out of respect for Madrid, as they have been class, Rodri informed them that his decision is to join Barça”, quotes from his agent Barquero reported by @ellarguero.
Personal terms, 100% agreed. 🫱🏻🫲🏼
AUGUST 15 ELECTION IS NOT JUST ABOUT WINNING, IT IS TO SEND A STRONG MESSAGE TO APC ON THE IMPORTANCE OF RESPECTING THE PEOPLE.
On numerous occasions, Oyetola and Oyebamiji have used their influence within the ruling party at the federal level to punish the people of Osun State simply because they chose to vote for us in 2022.
Their actions have targeted the welfare of our workers and threatened the livelihoods of our civil servants, traders, artisans, and ordinary citizens.
That is why the August 15 election is more than just winning. It is about securing a decisive victory that sends a clear and unmistakable message to the APC: the people of Osun State must always be respected, their democratic choice must be honoured, and no one should ever seek to punish them for exercising their constitutional right to vote.
“They don’t want Peter Obi because they know that his lifestyle is the kind of leadership Nigeria desperately needs if we want to move forward as a nation.”
~~ Atiku Isah, NANS President
The increasing use of federal institutions to disrupt governance in opposition states in Nigeria is condemnable. As I said in my last newsletter, no government is above scrutiny but when institutions like the Economic and Financial Crimes Commission (EFCC) are utilised to witch hunt specific states or public office holders, it indicates that their investigations are selective and erodes public trust in these institutions.
The “freezing” of an official state government account without due legal process goes beyond the powers vested in the EFCC by the laws of our land. And the timing of the action suggests that this is just another attempt by the federal government to unduly influence the forthcoming governorship election in Osun State.
Federal institutions must remain faithful to their constitutional mandate by acting with fairness, professionalism and political neutrality at all times. We therefore call on all Nigerians, civil society organisations and the international community to remain vigilant. Democracy cannot thrive where our institutions are perceived as instruments of political intimidation. Protecting the independence and credibility of our institutions is essential to preserving public trust and safeguarding Nigeria's democracy. The rule of law must prevail over the rule of politics.