@AndyBestH_NGR@TonamiPlayman Didn’t twist anything. You said ‘never’ — twice. Having solar at home while calling it no leapfrog is the real mixed message.
@AndyBestH_NGR@TonamiPlayman True for heavy industry, but dead wrong for rural reality. Calling it 'never' ignores the 100M+ already powered by solar across Africa.
Hybrid infra wins in Africa, not purity
@radjathaher@BoringBiz_ If VC were that simple, every finance pro would excel. They don’t. That’s like saying cricket and baseball are the same because you can “learn the rules in a day.”
@BoringBiz_ Modeling a 7-year LBO with steady cashflows is not the same as untangling a SAFE stack, pro rata rights, and liquidation prefs across 5 rounds of early-stage chaos while dealing founder & market dynamics
Definitely not identical skillset from IB/PE
@FinPlanKaluAja1@Fin_Disu Better approach would be to take the $1bn in custom duties revenue and use it to subsidize the production of local producers and exporters of those same goods, rather than removing the import duties. That way domestic producers can expand production, create jobs, and export more.
@GBousis Hey George, remember when I sent you that cold email years ago about Raise? 🚀 Turns out, cold emails can indeed spark interest if they're direct, gripping, and not annoying. If there's no response, a warm intro or a nudge from someone in their network might just do the trick!
@IbehOEmmanuel @FinPlanKaluAja1 I think many would agree that using the "economist" title to justify ill-reasoned economic/political outcomes of a dictatorial regime in Nigeria is as questionable as violent actors hiding behind religion to justify their actions.
@IbehOEmmanuel @FinPlanKaluAja1 2/ Abacha stifled political/economic freedom; OBJ revived it for Nigeria, dismantling his predecessor's repressive policies. Reducing complex history and economics to mere cherrypicked statistics oversimplifies nuanced realities.
@IbehOEmmanuel @FinPlanKaluAja1 1/ Appreciate your objective view on economics, yet it more than facts—it's lived by humans. A holistic lens, blending facts & human experience, yields nuanced insights of human action & behavior across time. Adam Smith echoes this in works WofNations & Theory of Moral Sentiments
@FinPlanKaluAja1@folutresor Oh for goodness sake, inflation fell because of 3 years of recession, not because of some kind of special intelligence or policy decision by Abacha.
GDP Growth:
1993: -2.04%
1994: -1.81%
1995: -0.07%
When consumer demand falls off a cliff, prices tend to follow
@seunosewa Underlining factors such as fiscal discipline through a reduction of the budget deficit and investing more resources in alleviating supply side constraints for producers (power, security, logistics, etc) are resolved. Appreciating the currency would require different measures,
@seunosewa It’s possible but it’s tough and would involve carefully crafted policy approaches. Lowering interest rates would stimulate investment and economic activity, but presently it’s not wise to do so until inflation is fully tackled. Tight monetary policies will have to remain until,