How to lose N247.61bn? 100 days without Twitter in Nigeria

Every day when you think of Africa, it's only hope that keeps you living in its madness. Hope that someday, its leaders will wake up from their slumber and start doing the right things.

Sep 14, 2021

Hello!

We’ve started counting down to the end of the year 🔄. In another two weeks, we’ll round up Q3 for 2021 and face the last leg - Q4. If you’re yet to meet your goal for the year, take a chill breath. You’re not alone. My CEO is reading this piece and my OKR (Objectives and Key Results) for the year is looking at me - eyeball to eyeball! I shot for the moon, if I land among the stars, I can manage.

By the way, Curacel - the company I hustled at, was 2 last week 🥂. Please contact Henry for any giveaway!

All in all, the year has been interesting - if you live in Africa and are domiciled in Nigeria. It’s the 100th day without (authorized) Twitter in Nigeria, some alleged that we’ve lost N247.61bn.

We really don’t want to get scared with the way fx and CBN are going in the country. It’s like for every time CBN says ‘here’s a better way to hedge’, fx says ‘we no go gree’.

Dollar is at N550 i.e $1 = N550 . Nairametrics. This means for every $1000 I have, N550,000 will be smiling in my bank account. God when??? 🤲🏽

There’ll be brand war between Flutterwave and Paystack in the coming years if there’s no loud contender. I said loud because TeamAmpt is a good contender but not loud atm. If you’ve ever tried the Paystack store, you should be getting an email reminding you that they still have an online store - a pick and drop kind of thing. I bet you thought it was dead. Naaaa! Flutterwave Grow brought it back to life. That’s the closest to a competing product they have...we should expect some improved copy + paste. (Disclaimer: this is not an ad for Paystack or Flutterwave. For any partnership, email me omamuzosamson@gmail.com OR Whatsapp 08036891996)

That said. Two things coming from Asia. Some firms - whether for good or bad, are advising Singapore to start moving funds to invest in Africa. Also, they’ve asked us not to blame China for the rise of digital authoritarianism in Africa. Why? “Looking at the bigger picture, the developing world, especially Africa, risks becoming passive consumers of technology developed by rival Western and Eastern companies.”

Whatever that means, one thing is sure - our government (Africa) are naive to the opportunities that can happen when the right legal frameworks are in place. Frameworks that foster growth and drive FDI’s.

What shall we say to these things? Africa is rising. Our growth or death?

You’re welcome!

Samson Omamuzo (LINKEDIN)