Wolé Olúyemí Profile picture
Sep 7, 2020 7 tweets 3 min read Read on X
Human beings are usually not rational.

So, don’t be surprised or disappointed when a jobless person is contributing N10,000+ (his or her entire savings) towards a $100K #GoFundMe for someone that is penalized for a bad behavior.
Yes, that person might never contribute to any cause to help a dying friend or relative (that they know), but the euphoria of the moment would make them contribute to a hype for someone they got to know on a show that is still less than one month running.
Would they contribute any amount for their classmate or colleague that is starting off a small business in Mowe? No! There is no crowd effect in that.
Oh! I hear the governance analysts too. You are wondering why they won’t be willing to create or fund a reliable candidate to contest for that political position? It’s an issue of priority....and real politicians know and understand our true priorities....as a nation.
The organizers and sponsors understand market economics and psychology. That’s why they’ve stopped Big Brother Africa (BBA) for the Big Brother Nigeria (BBN) - the Nigerian market (real interests and priorities of the targeted demographics) is more profitable.
I forgot to ask - where were the people that were complaining about the increase in #DSTV subscription charges? They’ve paid so that they can watch #BBN and are also contributing to the #GoFundMe of the penalized housemate 🤣🤣🤣.

I love Multichoice. They understand the market.
At the end of the day, we are who we are.

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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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