Wolé Olúyemí Profile picture
Jul 25, 2020 8 tweets 2 min read Read on X
The forces behind this #NIPOST License fees increase are not few.

I think one of the issues that we (Nigeria) needs to decide is whether we are a socialist country or a capitalist country.
Some big $ investments died recently in the logistics sector. One of the real causes of death was a regulation that sort of packed them along with the fragmented players in the industry.
For that sector to grow and meet customers demands (logistics and last mile delivery), we truly need big players in that field. However, it is difficult for them to survive if they are competing with Wole, Shakirah and Chinedu who has 1-2 bikes each for delivery.
The Association of Nigeria Courier Operators (ANCO) understands and seems to be fully aligned with this thinking (of course, Wole, Shakirah and Chinedu are not ANCO members - they don’t even know what they do there).
I noticed that the medium sized and large players have been quiet on this issue. Yes, your guess is as good as mine.
The challenge is that the little “socialist” spirit in me would argue that we should not kill the small players. There could be a way that certain part of the value chain could be left for such players. This could be a win-win.
The fees could be reduced significantly for the small players. Final last mile delivery could be left for the small players. Everyone could still eat at the table.
But, what do I know? 🤷🏽‍♂️

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More from @WoleOluyemiCo

Nov 7, 2020
On education, the FGN needs to grant full autonomy to the schools, issue clear KPIs (admission, teaching, research, infrastructure quality, graduates’ placement rates), and then regulate.

Let me attempt to answer @ItsChristy__ ‘s question 😁

#Thread #EducationReform #education
First, let’s be clear - I won’t disagree with @ItsChristy__ on government’s inefficiency and pervasive corruption.

My position is that we can’t continue to do the same thing over and over, and expect a different result. That’s insanity!

#EducationReforms #WO
We need a drastic reform in our educational sector.

The Universities governing councils should run the schools. Let them be autonomous and self funding.

#EducationReforms #WO
Read 15 tweets
Sep 23, 2020
Janet (name disguised), one of my mentees, was sacked last week with practically zero notice period. I was angry.

I read her employment letter when she got the job and I thought I knew the content.

I didn't realize she went back to renegotiate one of the clauses.

#Thread #WO
Apparently, she went back to negotiate the termination clause.

The company had a policy that termination or resignation required 4-weeks notice with no payment-in-lieu.

She didn't like it. It limits her flexibility to switch to a new job if such an opportunity comes.
They agreed to give her a waiver because they desperately needed her.

The company now agreed to amend the clause to say that both parties could terminate the employment contract with one week notice or payment in lieu. The updated employment letter was signed.
Read 11 tweets
Sep 21, 2020
The session by #CFAANigeria is on. Don’t miss it.

Pastor Femi Atoyebi is on. The way he is dissecting issues, SAN title just dey hungry me.
True.

Jesus could have said “Do you know who I am”? when he was asked about taxes. - Pastor Femi Atoyebi on submission to authourity.
Accountability is all what Part F of CAMA2020 is all about - Pastor Femi Atoyebi.
Read 28 tweets
Sep 18, 2020
I remember one “smart” guy who got a $4K per month job in CA and was so excited that they processed work visa for him.

I told him the salary would make him worse than the N500K he was earning in Lagos. He thought I was stupid.

It didn’t take long before he realized.

#Thread
How will $4k ($4,000 x N420 = N1,680,000) not be better than 500k in Lagos?
He suddenly realized that accommodation around San Francisco was about $3k per month and he didn’t have anyone to stay with.

Cheapest mattress he got was about $250.

Gas & Electric - $200/month

Water - $150/month

1 drumstick of chicken 🍗 - $1.
Read 5 tweets
Sep 12, 2020
Thanks Prof @yomitheprof for this article. While your conclusions are not aligned with my views on this topic, I believe that most of the arguments are logical and fair.

I believe that some of the issues raised should drive the discussion for the first amendment to #CAMA2020 😁
My view points are already shared in this article here - businessday.ng/opinion/articl…
Yomi’s article is actually the best non pro-CAMA article that I have seen - it came with strong logic that is devoid of unnecessary emotions and sentiments.

Let me just share my thoughts on some of the issues raised.
Read 10 tweets
Sep 11, 2020
Agriculture (note that I didn’t say farming) is a good business.

There are so many parts of the agrifood value chain.

Yes, people are making millions. But, many are making losses.

It depends on where and how you are playing out your strategy.
I don’t believe that Nigeria is underproducing - especially for most of our food products (crops and livestock’s).

For me, the challenge is from the harvesting stage and from the farmgate.
I won’t invest a $1 in any Nigerian business in the pre-harvest stage of the value chain (as of today). That’s me - as of today.

For those that have sent their investments decks to me for businesses in that part of the value chain, the answer has been an emphatic NO.
Read 6 tweets

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