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David Hundeyin

@DavidHundeyin

4 Apr

A bank C-Suite guy makes something like N2m/month. A teller at a branch of that bank makes something like 75k/month.

The C-suite isn't paid that much because they necessarily produce 27x the value of a teller, but because their potential risk to the bank is 27x that of a teller.

If the teller goes rogue and somehow beats the control systems in place, the most they can cost the bank is a few million naira. If the Head of Network Security goes rogue, he/she can bring the entire bank down.

That's what justifies that pay. And that is my point.

No one is suggesting that Nigerian police officers should be paid significantly more because they are great people or they necessarily deserve it, but because the COST of unmotivated police obsessed with petty bribery is many times the cost of paying them well.

Read 4 tweets

David Hundeyin

@DavidHundeyin

4 Apr

https://twitter.com/ENIBOY/status/1378442570343321603

I always find it fascinating how conversations like the one under this tweet focus exclusively on the moral failings of the public officials living above their incomes, and completely sidestep the fact that public sector wages in Nigeria are stupidly, ridiculously low.

https://twitter.com/ENIBOY/status/1378442570343321603

If my dad had not retired and gone private, I would not have had the opportunities I had and I would not have the life I have.

Are public sector workers in Nigeria not entitled to achieve self actualisation? Or that is reserved for the private sector alone?

These are the issues

My older sister once worked in the Lagos State Civil Service with her BA, MBA, 1 year experience at a bank and NIIT certifications in Java and C++.

Her monthly wage (2009)? N38,250 after deductions.

Is this realistic or genuinely sustainable? What do you expect will happen?

Read 6 tweets

David Hundeyin

@DavidHundeyin

4 Apr

Apart from seeing the inherent dishonesty and illogic of Jehovah's Witnesses up close, it was also observing the likes of Bakare, Okotie and Isi Fried Hair while growing up that first made me entirely question the concept of religion.

Imagine taking these fraudsters serious.

Someone will look you in your eyes and tell you "God told me that I'll be the next Nigerian president." The omnipotent Judeo-Christian god told him o!

Then the election comes and goes, and this dude gets 35,000 votes.

And you still carry your yansh to his church subsequently🤮

How many times did Tunde Bakare claim that "God" told him that he would be the next president? Was his god lying? Or his god's power no reach INEC power?

Or perhaps Bakare himself is a pathological liar and career bullshitter who lives off people's credulity?

I wonder which🙄

Read 4 tweets

David Hundeyin

@DavidHundeyin

3 Apr

https://twitter.com/TimRuhr/status/1378329977343598599

I wish people would stop citing this as an example for Africa because it omits one HUGE fact: Korea, Taiwan, Japan etc are ALMOST ENTIRELY HOMOGENEOUS COUNTRIES.

You CANNOT pull this stunt in a post colonial African state with 50 million people and 76 distinct ethnic groups!

https://twitter.com/TimRuhr/status/1378329977343598599

Put it this way: If North Korea were to open up its economy and become capitalist today, within just 15 years, its HDI score will be higher than ANY African country.

Ethnically and culturally homogenous countries have the ability to act in ways that diverse ones simply cannot.

Taiwan, South Korea and Japan could thumb their nose at the IMF and World Bank because 1) Cultural homogeneity assisted the govt in enacting large scale change in a very short period of time and 2) Their statehood and sovereignty genuinely meant something to those populations.

Read 6 tweets

David Hundeyin

@DavidHundeyin

2 Apr

I'm amplifying this because I've started seeing the usual WhatsApp broadcasts and Nairaland posts giving different versions of what is actually happening between Nigerian banks and MTN customers
punchng.com/ussd-banks-dis…

To reiterate, the problem started when Nigeria's Telco body ALTON threatened to disconnect banks from USSD services over an accumulated debt of N42bn
thecable.ng/telcos-to-susp…

The banks have refused to sign off on an agreement to pass USSD charges on to customers since 2019 because they want the agreement to include "end user billing" so they can keep on collecting revenues and boosting their profit margins.

Read 7 tweets