Sometimes I wonder if we should be building certain types of African organizations with obvious gaps in people resourcing?Then I remember what my uncle and his friends did for the financial sector with MAYO and PTC.

Edtech has actually been in Africa longer than we think.

What is the calculation of the super-rich Nigerian and why don't they run to the hills whenever there is an economic crisis?

I think because each crisis presents new opportunities with loopholes to gain advantage. I’ve once said that Nigeria is the world’s opportunity capital.

What Nigeria produces in abundance is opportunists. We don't do capitalism or socialism in Nigeria, we do opportunism.

Opportunism doesn't think long term about anything. It takes lemons and makes lemonade, then tries to create a lemonade monopoly to have outsize sales margins.

This is why we import when things are scarce. We trade when we are broke. Importation and trade are very short-term value creation processes without long-term upside. It is why our wealthy people are ”low-quality” according to @DoubleEph 😂

There is generally no production depth

Our banking system is also complicit in supporting this charade. It is why most of the nonperforming loans have been made to these same opportunists masquerading as the ”super-rich”. I missed the opportunity to add quotes in my first tweet. Their so-called wealth is qualified.

Something is fundamentally wrong when an economy is almost completely transactional. Yes, I have made money from fintech but I also see the long term damage of the current fintech hype. Nigeria as a country has been in one long hype cycle. This is why I keep saying it isn't real.

There is this inertia that most people in business who think they are successful have that prevents them from acting on things until it is too late. It is why they are caught unawares by change.

I read ”Only the paranoid survives” and I am seeing it play out in real life again.

Constant paranoia doesn't mean acting like a crazy person or even a mean and greedy person. It means that you are constantly aware that adverse change can make you irrelevant very quickly. The speed of irrelevance is much faster now and it largely depends on team types.

Some teams can be deluded. They believe too much in themselves because of past glory that it clouds their ability to see future danger. When the unexpected finally happens, they turn on each other and blame themselves and abandon the ship. They have always been living a lie.

Some teams can be totally ignorant of what is happening around them and can have tunnel vision. They end up working on products that have become irrelevant before they finish. They still believe somehow that others will adapt to them and csnf understand why failure happens.

Some teams can have extreme keyman risk. One person knows most of what needs to be done and nothing works well when that person is not in the picture. This type is more prevalent than we can imagine. Once one person takes more initiative, others just become passive.

I am in a meeting now that is so annoying but I want to take my mind off things that upset me to talk about love and marriage.

I have been listening to people talk in many @joinClubhouse rooms about what they expect from potential partners and laugh very hard each time.

I laugh because those expectations are what keep a lot of people single. Being single is also not a bad thing as I have been more single in my lifetime than I have been in relationships. I also learned a lot about what kept me single for all those years. It was largely idealism.

Let me digress a bit to one of the pivotal encounters in my life when someone literally came out of the darkness to evangelize to me.

He deliberately ran towards me to deliver a message as if he had been sent on an errand. He told me that God doesn't want perfection.

He said, God wants us to strive towards perfection but knows we will never attain it. He said I should not beat myself up whenever I don't measure up but I should remain trying. It is the act of trying that is desirable. God is the only perfection and we strive to be like God.

I became an Atheist after that conversation. I took the opposite direction in search for perfection. In a roundabout way, it led me back to faith.

That is also my story of love and relationships. The best came at my most skeptical moment after I gave up on everyone else.

There are many Africans with a free $50k to $100k lying idle somewhere than we think. They keep cash as a contingency for many reasons. Anything can happen. Positively or negatively. Cash is sometimes worse than a dead asset. They keep it anyway. Most likely outside Africa.

I was having a chat with my best man about African investments and I could have tried to teach him ancient Sumerian instead. Dude’s mind is closed to Africa. He would rather invest in Dubai as it made more sense. Problem is there are African investments with much better returns.

I think Africa has a massive PR problem. The problems are real no doubt but the opportunities are also real. The news about the problems overshadows the details about the abundance of opportunities. I still can't forget the lady at @Ashesi who told me about African abundance.

I have seen magic done in 2001 with $285m raised all locally in a month for a deal. Over 20 years later, African startups are still hustling in a demo day abroad for thousands of dollars that other Africans already have to give but don't or can't. It is a complete mindfuck.

There is a reason African people don't believe too much of the good news. They have been brutalized and conditioned so much with bad news that it becomes their frame of reference. Where else can a train track be attacked twice in two days and nothing is said by the government?

One thing I am grateful about is the ability I have always had to keep living my life on my own terms without being drawn into trends. I am an obsessive extremist. I don't do middle ground obsession. When I love something, I don't do half measures. I can also do dislike that way.

What I have learned is that there are some trends you can't avoid even when you don't like the hype around them. One of those trends is crypto.

My boss @osuide ALWAYS without fail, predicts big things in tech. He introduced me to the Internet with my first infoweb account.

He introduced me to crypto too in spite of my misgivings. I bought $300 bitcoin and promptly lost it. The fact that I could lose something valuable that easily was my pain. I didn't at first see the bigger picture of custody aggregation. This was before coinbase became a thing.

I had actually searched for the domains ”bitbase” and ”coinbase” and maybe I even owned one of both domains at some point, I can't remember. I was, however, a very early adopter who dropped off when it seemed to become a fad. I was even on some ICO advisory board at some point.

I remember I wrote to @iaboyeji and @TechProd_Arch to take it seriously at Flutterwave. I also had a chat with one of the founders of the local exchanges about not using the .ng domain and using .africa to avoid the Nigerian government and their potential issues.

So just saw a clip with CNN pundits claiming Nigeria investing in rail transport with Chinese funding is nothing but a white elephant project. It would have been better spent to build schools. Since when did the media decide what Nigeria should and shouldn't do with its money?

Ive seen a Focus on Kenya Exclusive on CNN. They spent 4 minutes talking about Kenya's mobile banking system, which is the most sophisticated in the world, and spent an hour on Kenya's Kibera slums. When terrorist struck Nairobi mall CNN was unabash in showing images of blood

and gore of dead victims repeatedly all through the day. This will never happen in a similar style terror attack anywhere in the West. It’s time to take a hard look at the role of the liberal media in perpetuating a horribly simplistic and stereotypical portrayal of Africa

At what point do we stop being dormant?. At what point do we fight back to salvage our self esteem and integrity as Africans? They did not condemn the U.S invasion of Iraq that has forever changed the middle east.

Xi Jinping's speech at Davos boiled down to: The world has no choice but to do business with China, and if you want to do business with China, you need to stop criticizing our tyranny and questioning our lies about the

Xi's address to the World Economic Forum will serve as well as any other moment for historians to mark the beginning of the Authoritarian Era. He said nothing new, but he restated the narratives and demands of Chinese fascism from a post-pandemic position of aggressive strength.

For the first time, Xi spoke to a world that is beginning to accept the tenets of authoritarianism, thanks to the incredible political and economic damage from China's coronavirus. China's ideals have become as viral as Covid-19.

Thanks to the pandemic, the political elites of the world now universally see their citizens as dangerous mobs that must be tightly controlled for their own good. Most of them always thought that way, but now they can say it openly and act aggressively on their prejudices.

Xi clearly stated that China will not be contained, censured, or judged for its actions. He denounced Western ideals of human rights as "arrogance" and imperialism. After Covid and Biden's inauguration, he sees no nation with the strength or will to thwart China's ambitions.

Thread – Excerpt from a Ross Rant (Election-related)

1. These following are excerpts from a recent “Ross Rant.” Joel Ross publishes these periodic reports that provide commentary on the changing scene with an eye toward wise future investments.

2.

There never was going to be a new stimulus deal. Pelosi did not want to do anything that might help Trump, and she was hoping to trap McConnell, and make him look like he killed it so they could argue the Dems need to control the Senate.

3. My sense is that backfired. It is clear to most that she is the problem, and why, and that she does not give a damn about the people who are suffering. It is all about getting power. Unfortunately, Wall St kept being fooled thinking there would be a deal.

4. So the market was up and down depending on which false rumor they believed. Classic Wall St. Buy on rumor and hope. Sell when it does not happen, then buy again. Trader’s dream.

5. The EU is now in the midst of a major virus surge and that will kill any hope of a near term economic rebound as lockdowns get put back on. While in the US there are a few stories of hospitals in rural areas getting to capacity, reality is, most of the US has lots of capacity.

As witch-hunt #3 gets underway by @BeatriceJanzon
@sverigesradio @sr_ekot against me, Keith Begg, a citizen of Ireland and Sweden and no doubt some members of the FB Group I would like to post some questions to the above:
🆘Is it ethical, that the tactics and antics of a state

media station, paid for with taxpayers money, can infiltrate a Private FB group and try to discredit them? This is done in the most authoritarian of states.
🆘Is it ethical that the Honorable David Nabarro from @WHO had to issue a press release due to being deliberately

misquoting in Swedish media?
🆘Are these headlines reflective of what you would see in free media in a democracy, when the rest of the world was posting quite opposite headlines about Sweden?
🆘Does the deliberate distortion of information on Swedish TV constitute any

breaches of trust? Why was it done? After all when the government changed its C19 strategy on the Gov website, they deemed it a mistake?
🆘Not to mind the Italian embassy having to issue three statements over false claims by Tegnell

which were picked up by the media. Do I as a private citizen think that @RSF_en made a big mistake by recognizing Sweden as #4 in terms of Freedom of the Press? ABSOLUTELY. We want to know what they based their decisions on. Because it is clear to many