For those of you who keep saying I’m writing on Twitter to position myself for a government appointment or possibly run for elections.
Let me state it one more time for those at the back:
I’m not interested in government; Appointments, running for office.
I actually believe that in a functional society, enterpreneurs are at the top of the pecking order. Which is the reason I’m working so hard to becoming a successful one.
And most of the things I write here are the things I’m learning along the way as I execute on my goals.
Not everyone believes that the Hallmark of a successful life is to get an appointment in Abuja or win an election.
In my books; it takes genius, passion & God’s grace to create a product that people use often, & succeed at that financially.
So I’ll always rate businesses more
Become*
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Let me explain what a tech company in Lagos did recently to their business model.
I mentioned Lagos because they have not expanded outside Lagos.
Their VC investors, friends of the founders and Customers who follow me will understand what I’m saying.
They provide food packs
and laundry service on a monthly subscription basis for the customers. When they first started, they realized that focusing on tertiary level of the value chain, and the tech interface that enables it, means they have tiny margins, lack control of supply chain, and are gifting
their profits to the third party vendors that provide these services especially for food for their customers.
So in 2020, the company bought a warehouse to turn into a factory for doing the procurement, and cooking of the food packs they deliver to their customers daily.
Jobs openings and labor turnover survey (JOLTS) of the bureau of labor statistics in the US says 4.5m people as at November 2021, had quit their jobs.
Amazon is offering new hires $180k sign on bonus. Netflix is offering $250k sign on bonus for new hires.
If you want to
understand the shortage of chips and other B2B additives and inputs for B2C companies, look no further than the disruption COVID caused, and the new one crypto currency is causing.
Other than the fact that G7 countries are amending labor visas to bring in new immigrants
(and Canada welcomed 406k immigrants in 2021)
OEMs are realizing that relying on third parties for the supply of key components (otherwise known as catalog manufacturing) or horizontal models, is no longer feasible.
This is the key reason used cars in the US have become so
I was speaking with my friend in Austin, Texas through phone yesterday & he told me that the Ports in Los Angeles has a 6months backlog of ships in demurrage because of bottlenecks on docking and storage of containers (and the rules around not piling containers more than 2steps)
The Chinese Government offered to assist the US ports Authority clear up the backlog in 3weeks & the US Gov’t turned down the offer twice.
Because of Critical National Assets that are closely monitored for National Security reasons.
One day ehn, we would have this conversation
The National Security Council in Nigeria will order for a review of Nigeria’s supply chain, and do stress assessments to understand risks in simulated scenarios, and actively take steps to recover infrastructure, by quietly staging Nigerian owned business to take over.
The Apapa sea ports is majorly controlled by a dutch company. The Onne Sea Port is controlled by an Italian company, the Calabar SeaPort is controlled by same Italian company & partly managed by a Nigerian company (Shoreline Logistics)
The New Ibaka Seaport has been concessioned
to a French Company (Bollorè Logistics). The Lagos Deep Sea Port was concessioned to a Chinese State owned Company (China Harbor) and an Indian Company warehoused through an SPV in Singapore (Tolarams group)
And Nigerian businessmen are sitting down watching critical national
Assets taken away from them by Foreigners, while they buy houses in Dubai, London, Monaco and purchase new private Jets.
I’m alarmed at the way Nigerians are so quick to sell off and hold cash, while they give you the tiring excuse that the macroeconomics is not bright
Update: Very happy to announce that the Federal High Court in Maitama presided by Justice Nasir Mero, today the 1st of December 2021, enforced my fundamental human right against the Nigerian Police Force (Anti Vice thru the CP’s office and AIG Zone 7)
And consequently awarded me
The sum of #2m in damages for illegal, unlawful and unconstitutional arrest, seizing of my personal belongings and freezing of my bank accounts for the intervening period.
Even though my legal team (best team) has started the process of ensuring enforcement of the judgment
It’s topical to mention the following:
1. The Nigerian Police Force is not a money recovery agent
2. Detaining anyone for more than 24-48hrs without charging the person to court is a violation of the constitutional provision on liberty
LONG THREAD: First thing we need to understand is that Dangote Refineries is classified as critical national infrastructure (CNI): ‘‘These are institutions, bodies or structures that provide essential goods and services forming the backbone of an economy.’’
Each barrel of crude has 159 litres that produces 170 litres worth of derivatives after the hydrocarbons are heated and seperated through different processes. Here are the derivatives of crude: