From my assessment, OPAY is most likely one of the greatest disruptions that will happen in Nigerian ICT, e-commerce, e-services, and Banking industry. The company is driving this disruption through Business Model Innovation. Let's look at Oride, for example. 70% of people that use okada in Nigeria fall into the middle and the low class … Continue reading WHAT IS OPAY UP TO?
Made, Not Born Entrepreneurs are born, but successful ones are made. What do I mean? Every one born of a woman is a potential entrepreneur, but not everyone becomes a successful entrepreneur. Let me put it in another way: there isn't a thing as entrepreneurship gene. Even if there is at all, if anyone has … Continue reading THE MAKING OF A SUCCESSFUL ENTREPRENEUR – Part 1
As I journeyed from Kogi State to Ibadan, something striking happened with two newspaper vendors that reinforced my understanding of the role of simple innovation in winning the constant battle for customer. A passenger decided to buy a newspaper, and he had N500 note on him. The first vendor that ran to him actually had … Continue reading HOW A LITTLE EXTRA CAN PUT YOU AHEAD OF COMPETITORS
Just like many other emerging economies, Nigeria's agricultural value chain is majorly informal, comprising of smallholders in rural areas who produce at a very small quantity; and middlemen who purchase and aggregate these products which are then sold to sell to the end users. In addition, due to the wide variety of vegetation distribution across … Continue reading THE ROLE OF EFFECTIVE ROAD TRANSPORT INDUSTRY IN NIGERIAN FOOD SYSTEMS