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Nigeria’s faulty compensation challenge
November 6, 2020
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Yele-Newsletter-Oct2020-Cover

The year 2020 has been a chastening one for the world, including Nigeria, where there has been the added worrisome trend of violence, killings, and looting because people are angry with their leaders and suddenly the elite have become vulnerable to this anger. Since 1960, the country has tried to inculcate an inclusive political system with the regions as the focal points. The central government allowed these regions to develop at their own pace, with their own resources – physical and material. But then came the creation of states, and the republic meant those that had gone ahead had to wait for those lagging. Thus the entry of the quota system, and we subsequently pushed aside the system of merit. In 2020, the chickens have finally come home to roost. This is not saying quota system is bad – what...

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Power + Ideas = Progress
June 19, 2020
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African elites need to step up now

Mindsets about elitism and politics must change Barack Obama said, “…a faith in little dreams; an insistence on small miracles…”. at the 2004 Democratic National Convention. Four years later, in 2008, he became the first black president of the United States of America. His power of comprehension and acceptance came through in that speech and that translated to authority. The meeting of power and ideas became truly evident in his story, but that combo is sorely lacking in Nigeria and on the African continent. It does not matter whether some people have access to certain opportunities, we must believe that all men are born equal. This is the leveller and equality enabler. This is what has seen people like Barack Obama, who became the US president, attain great heights. As black people, we must remind ourselves, ‘Yes, we can’. Until we...

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Our lives have changed permanently and so must our innovation strategies
June 8, 2020
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There is nothing that could have predicted the outbreak and severity of Covid-19. It caught us unawares and grossly unprepared. How could we? The last world epidemic was in 1920, which means that many people alive today have never witnessed anything near what has happened where we have seen a complete shutdown of social and business activities. Entire countries are locked down by “stay at home” orders from their respective governments. Our lives have changed almost permanently and one of the implications is, a lot of what we used to do on a one-on-one or contact basis have become permanently disrupted. Businesses have been seriously impacted and some industries such as aviation, travel, logistics, and entertainment will struggle for a while before attaining a new normal. Recollect that when the lock-down was partially lifted in Lagos – we witnessed a...

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The COVID-19 Pause: The need for national reflection and self-reliance
May 10, 2020
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The COVID-19 pandemic brings to the fore a rare opportunity for African nations to reawaken and reconsider national strategies. If we needed an emergency, we have it and it hinges our future and that of our children on how we react to this timely reminder. It is difficult for anyone to have imagined that the world would get to a situation where local and international travels are restricted while social and commercial activities are almost comatose. Why is it that all the time African countries must go a-begging – Africa is always at the receiving end? Has anything ever happened in the world and Africa has offered help instead of seeking [begging] for help? It tells you we are not thinking right, and this is the same thing that has happened and not just in government but also in our...

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3 tips from 25 years of Entrepreneurship
June 13, 2019
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3 tips for Entrepreneurs-Okeremi

The decision to become an entrepreneur comes in various formats. It can be the vision to identify a need and the attendant ability to provide a solution; it might also be the ability to create a need and develop a solution, and it might just be the ability of been aware of a product that will be needed. All these avenues can lead to the start to developing the business, but making it grow and become a success needs more than just an idea. 1. Be Aware Perhaps opportunity consciousness is the biggest differentiator between successful entrepreneurs and other people. While ordinary people see problems, successful entrepreneurs see opportunities that must be tapped into. Nigeria, as a case study has so many challenges, to which solutions are needed but it is for those who are self-aware and courageous to pursue...

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Mentoring to give life to next-gen enterprises
March 26, 2019
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The future can be clear for entrepreneurs-Yele Okeremi

Nigel Davies, Founder of Claromentis said, "It’s necessary to find a mentor who can invest time to know your personal capabilities and business model." In my entrepreneurial journey, I discovered that a mentor, who was as passionate as I was about my success, always made my path clearer and shorter. So in addition to what Claromentis said, I will add that you find someone who is able to keep your fire burning Truly, there are natural talents - the one many people are born with but there are acquired skills too. I am of the opinion that talent is overrated because everybody is talented. Therefore the first set of people I am looking to work on are people who are self-conscious, people who know that they are different from others, people who do not rate their successes or failures by...

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Making local tech stronger by keeping the talents within
February 20, 2019
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TECH-DEVELOPMENT IN NIGERIA-ENTREPRENEUR

For Nigeria to gain the maximum from technology combined with the inherent skilled populace, we have to do what other countries have done. That is develop the tech scenario so much that the existing structure becomes so big and profitable that new startups spring up on their heels and can be acquired. There is a future. I recently came across a young man who said to me that his business is to come to Nigeria and look for smart software developers, He will brush them up and look for jobs for them in Europe and he was very proud of it. That is the problem we are facing here. A good number of people feel that they are not accepted here they end up in Europe and America and that is really unfortunate for Nigeria. These are people that Andela...

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