Wolé Olúyemí Profile picture
Sep 5, 2020 13 tweets 5 min read Read on X
This is why I didn’t like economics in my early life.

I had to read thrice to understand ALL that is written in a single tweet.

Let me gist you about my story and economics.

Grab #GarriIjebu 😁 and groundnut.

#Thread
Let’s go. It’s great to be here instead of going to read over 100 messages (just from the last 3 days) in my DM. But errrrmmmm....that’s not going to be today. 😁😁😁. Even Jesus Christ rested.
Okay, It’s not that I was a failure in school. Far from it! I had distinctions in all my economics electives in school. I also have my SSCE certificate (not affidavit) and it’s a distinction as well.
But I hated the @TheEconomist magazine because it was always looking like Greek to me then.
One of my best friends, Ayo Soyinka, was always subscribing to Economist magazine from our early days at Arthur Andersen. The 🙄 boy (yes, he is a boy) was just using that to oppress us, along with his old VW Golf car.

Yes, he was the only rich boy in our caucus then. You get?
It was not until Dr Doyin Salami taught me during my MBA at @LBSNigeria (Economic Environment of Business) that I caught up with Economics.

He made us to get our “hands dirty” with economics. The fear of disgrace during the quest for class participation forced us to read up.
Fast forward to some years after I completed my MBA.

I “mistakenly” picked up an @TheEconomist magazine during a @British_Airways flight from Lagos to London. On arrival at Heathrow, I realized that I have spent 5+ hours on Economist magazine.

What! I couldn’t believe it.
That was a transformation. That was real learning from a great teacher. Yes, Dr Salami is a great teacher 🙌🏽 and he also has “swags” too.
For me, that economics course along with SPEB by Prof Wale Ajai, Marketing by Dr Malcolm, Finance by Dr Larry Osa-Asafiana and Law by Prof Fabian Ajogwu were the topmost value addition (to me) during my MBA program.
There were definitely many other great faculty apart from the above.

Prof Wale Ajai literarily influenced my choice of doctoral research focus. Infact, he wrote one of my references that enhanced my admission to @CranfieldUni for my DBA. Great man!
For those that have been compiling several online certificates since the #COVID19 lockdown started, well done!

But, be sincere to yourself....are you really getting any value addition from those programs? If not, stop it!
Don’t waste your time chasing certificates, #YouTube has several free videos in that skill that you really needed. Focus on that skill. Follow that mentor on #YouTube or anywhere and get inspired. Be inspired. Chase your goal.
Follow your dreams and passion, especially the profitable ones.

Enjoy!

#WO

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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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