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.

Epic Win!

That was our team. 🔥

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.

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.

MAYO/PTC was actually the first Ed-Tech company in Nigeria and also the first place I worked and did my NYSC. We took UK accountancy and banking institute materials and used tech to modify and republish local versions of study text for students preparing for professional exams.

We also provided prep classes and corporate training. This was how we also started @SwiftaSystems, it was initially from tech training before we moved to product development and services.

For tech, we were self-taught but we created a new market for ourselves with education.

Education ALWAYS comes first before adoption when it comes to tech. We aren't doing nearly enough at the moment. Everyone wants to build products for the educated market and ignore the uneducated market. Uneducated doesn't mean formal school, it is about industry and paradigms.

Current Ed-Tech initiatives are focusing on basic education but market education is a significant opportunity. No matter how simple you think your product is to use, there will be many who will not use it until they understand the fundamentals and why it exists at all.

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?

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.

NEW SCOOP from @zachsdorfman: China's Ministry of State Security has demanded that private Chinese companies, including Baidu and Alibaba, help them process stolen U.S. data, such as from the OPM hack, U.S. intelligence officials

Zach writes, "In what amounts to intelligence tasking, China’s spy services order private Chinese companies with big-data analytics capabilities to process massive sets of information that have intelligence value, according to current and former officials."

“Just imagine on any given day, if NSA and CIA are collecting information, say, on the [Chinese military], and we could bring back seven, eight, 10, 15 petabytes of data, give it to Google or Amazon or Microsoft, and say, ‘Hey, we want all these analytics," said one official.

It's hard to overestimate the significance of this intelligence assessment.

There has been speculation that Baidu, Alibaba, and Tencent might have ties to China's security state. In fact, they work directly with them and for them—because they have to. According to US intel.

If you have been enjoying this series of scoops from @zachsdorfman, also take some time in your day to appreciate the skill and dedication that FP editor @BeijingPalmer has put into them.

If Rinu or Marinu has exited the Judicial Panel it is because SHE HAS SEEN THAT THERE WAS NO MASSACRE and she is trying to escape the judgement of us and hers. Us being those who knew all along that LekkiLies was babanla iro & hers are the sorosokes who she won't be able to face

Let us put things in context: She did not belong in that Panel all along. We said it and asked for her to be kicked out. That girl tainted that Panel's proceedings, she was a judge in her own cause. It was her who found a bullet that had not been fired on a visit to the locus/

She is trying to disguise by leaving so that she can come back to her tissue-paper ladled supporters for a pass. They see their undoing-that they are responsible for the deaths of 4 soldiers and about 27 Police Officers and about 50 civilians all over Nigeria who all died because

of their #LekkiLies. All of them have blood on their hands and eternal pain on their consciences. Until they purge themselves of these by apologising to Nigerians, the evil they did will haunt them forever. At 23, someone has become so notorious for evil. Same with the sWitch/

who was asked to bring her evidence to the Panel and did not show up. A frail looking thing who was able to carry dead weights of dead bodies and dropping them at the feet of soldiers who were shooting at her. Perhaps she was under the influence of drugs and was hallucinating/

THE EVOLUTION OF OUR NATIONAL FLAG (1857-1947)

The INDIAN NATIONAL FLAG is not just a flag! It's a testimony of patriotism and seamless sacrifice. A symbol representing one of the oldest civilizations on this planet.

Let's hope what happened yesterday never repeats!

(Thread)

After the revolt of 1857, the first Indian flag was designed. The design was based on western heraldic standards with "Union Jack" in the upper-left quadrant and a "Star of India" enclosed in the royal crown in the middle of the right half.(1)

The flag was a symbol of the direct imperial rule in India.(2)

In 1904 the first Indian flag which stood for India's independence from the British was devised. The design was provided by sister Nivedita, an Irish disciple of Swami Vivekananda.(3)

The flag was red and yellow with an image 'Vajra' (weapon of god Indra). The phrase 'Vande Mataram' was written in Bengali on it. The red colour and the yellow colour signified freedom and victory while the symbol of vajra stood for strength.(4)

Those with a stated interest in heritage, like e.g.
@theSpurtle @NTBCC
may be interested to read our new section covering the extensive advice given to the Council & Developer by Historic Environment Scotland.

To save people having to read the whole thing here are a few key points. HES conclusion: "the proposed development would give rise to "adverse effects on the OUV of the Old and New Towns of Edinburgh World Heritage Site (WHS) & the setting of the Category A listed Royal Crescent"

Regarding the application brought forward HES "recommended changes to the design of the development which we consider would reduce and avoid the impacts described" (on the OUV of the WHS). These included reduced height.

However, even the 1st pre-application advice issued to the developer & Council said "On the northern part of the site.. six-storey blocks would constrain... views to the Crescent from the north… Reducing the height of the.. blocks…would… protect the WHS topography & townscape"

Then on another occasion "our clear preference would be for the consideration of alternative options for the footprint and massing of development in this area" Referring to the southernmost blocks nearest to Royal Cres