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In 2023, during the fuel price hike, transportation became difficult for some staff. My university tried to help staff by distributing bicycles. However, for those commuting long distances, a regular bicycle wasn't enough.
@gathr_hq
https://t.co/sycxuVR53b
There is a disastrous glitch in the just-released WAEC results, especially for those who were forced to do WAEC CBT.
WAEC, you can’t toy with our children’s destinies.
We will not allow it.
The results need to be withdrawn immediately and fixed, or we will challenge you in court.
To the Commonwealth Family,
It is time for Africa. After 100 years of the Commonwealth Games, they have never been hosted on African soil. By bringing the Commonwealth Centenary Games to Nigeria in 2030, you will send a powerful message that every region of the Commonwealth matters, and that Africa is not only part of the story, but central to its future.
Nigeria is the gateway. Africa is the stage. The Commonwealth is the family. Let us make history together in 2030. Let us complete the circle of Commonwealth unity.
The dream must be realized. The time is now.
Bola Ahmed Tinubu
President
Federal Republic of Nigeria
🇳🇬
Before Sanusi's tenure as CBN gov, banks had huge exposures to the capital market, often trading their own stocks using depositor funds with no disclosure under Universal Banking.
As 2008-09 crisis hit, major governance & regulatory gaps were exposed. SLS explains what CBN did.
I disagree with @UnkleAyo's thesis (agenda?) - that almost exclusively attributes the success of people with some pedigree to their “privileged” backgrounds. It gives ammo to lazy people who refuse to put in the work and need an excuse to hold on to.
The context to the argument: Femi Otedola has a book “Making it Big” coming out and Ayo argues that there is almost nothing for the "common man" to learn from him as he is the son of a former Governor, therefore everything he's achieved is as a result of that privilege. Or that there is a very high correlation.
I couldn't disagree more, and it is important to do so publicly so people can have a broader picture before they make up their minds.
Let's get one thing out of the way: coming from an economic advantage gives you certain opportunities when starting out in life. Coming from an economically disadvantaged background gives a level of friction.
But does the economic advantage guarantee you extraordinary success - ESPECIALLY IN ANOTHER FIELD, or does it merely reduce your chance of failure?
Ayo had cherry-picked several examples of people who've made a great success of their lives, but “happen” to come from privileged backgrounds, and attributed their success to their backgrounds. Thereby committing the fallacy of Post hoc ergo propter hoc.
That argument is very unfair to them, and dangerously gives the excuse merchants something to hold on to. Ironically, this is counter to his usual preaching of personal agency.
I'm not here to bat for @realFemiOtedola, I'm squeamish when I appear to “defend” Nigerian “Bankers” and “Oil Magnates” who made a lot of fortune from round tripping currency and fuel subsidy. To be clear, this is not just about Otedola, but the general argument that diminishes hard work of people that come from pedigree.
Femi Otedola’s dad was Governor for one year in the failed 3rd Republic alongside 29 other Governors, using a conservative 4 children per governor (my northern brehs, I hail o) we would have 120 children. Let's round it down to lazy maths and say 100. Is 1% of 3rd republic Governors children being successful 15 years after their dad was governor evidence that it was critical to their success? Kemi Olunoyo’s dad na former Governor too.
One of my favourite analysis on this privilege = success analysis na @Davido v. @wizkidayo. Both could not come from economic backgrounds further apart, and both have achieved similar extraordinary successes. But people lazily try to chuck down David's success to his dad. Or that @burnaboy dey shut down stadiums globally cos E grandpa dey manage Fela?
[Fact: Early in @Davido's career, it was thought that he was a big fabu master cos though he always said his dad had money, yet sakpa wan finish am. He spent all the time living in studios with shigbain].
If na by “my papa get moni” dem dey make am for music, B-Red is from the same wealth and started around the same time as Davido. We have DJ Cuppy. We had Ibe Kachikwu's son etc. Why dem no blow like Davido? Is @AsaAsika the only grandson of Ukpabi Asika or previous Regional Governors?
There is a lot of criticism of Dangote’s business practices from many including myself that's valid, but his famed maternal grandfather was ONE of 19 children of a very wealthy man. Does that automatically lead to insane wealth down the line? Then where are the other Dangotes?
In most cases, the inheritors of great wealth coast along. Receiving generous stipends all their lives. A simple rule (not exclusive) of the thumb is by who and how a person came to be known. “Davido's Father”; “Ibru’s Son”.
In fact, I'll argue exceptional wealth is actually a barrier to individual “extraordinary” success beyond their origin. I believe comfort is an antidote to the drive required to succeed, especially in areas outside your comfort zone.
In tech, I see a lot of people who excuse their way out “Jeff Bezos is only rich because his Step Father gave him $250K to start Amazon”. Really????? If I give you $250K you go return $1Trillion organization? Then there are those that say @elonmusk’s successes with PayPal, Tesla, SpaceX, Nuralink, are because his dad had an "Emerald Mine"
Lol. Cope.
One Nigerian founder once vehemently argued with me that the only reason his Social Network app was not as successful as Facebook was that Mark Zuckerberg had raised $1B. “If you give me just $100M I will...”. I tried to explain it was the traction that came first but e ear don block.
Some would argue that Yaradua became President because of his privilege, they will not tell you that all Nigerian Presidents after, and most before (until Shagari) were born into extreme poverty and in many cases not knowing their dads.
The better way to look at the data of the effect of economic privilege on outrageous success is to look at the data of all successful people in an area and see the percentage of them are privileged. If you squeeze data neck enough, you could even argue that poverty leads to success because explain why na only who grow from Ajegunle dey make am for music and football in Nigeria. Ajegunle privilege innit?
I remember when Adenuga’s son, Paddy, wrote a 10K word story on how he tried to acquire a refinery (basically they guy just dey grab lunch around the world) at the end of it all, it expectedly came to naught. Did he go at it again and again until he succeeded, like most successful people have to do? Nope. He just rewarded himself with a nice holiday.
And that is how it is for a lot of people with great wealth. The economic privilege keeps them in bangles. The best case scenario is that they barely sustain the wealth. So when you see someone that becomes extraordinarily successful beyond what they came into, it's important to remove your biases and try to see how they succeeded because, AND, in spite of any advantage you may think they had.
One last example - Chidi Ajaere, the son of GIG Motors. Would he have been in that transport business if he was not born into it? Highly unlikely. So he was definitely advantaged. Is that why he has multiplied the business? Definitely not. If na by that, where are Edegbe and the great Ekene Dili Chukwu today?
If you do read Femi Otedola book, do it with healthy scepticism, like you should with any book. Ignoring it because his dad was a Governor for < 2 years?
This doesn't compute.
PS: I think Ayo just dey sell agenda and in many cases, Agenda >>>>. Data must obey agenda 😂.
I see that Ogun state citizens are protesting seriously against Dangote coming to build the largest seaport in Nigeria in their state.
Please sir @AlikoDangote, bring it to Osun state. We look forward to the economic activities, jobs, taxes and development that will follow.
Happy Birthday to our Chairman and CEO, @OluwatobiAjayiJ ! 🎉
Your vision drives Nord forward and inspires us all.
Wishing you greater heights, joy, and fulfillment this year and beyond.
– From all of us at Nord Automobiles 🚗🇳🇬
#Nordmotion#HappyBirthday