Ndubuisi Ekekwe
@ndekekwe
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Professor, Inventor & Entrepreneur. Lead Faculty of Tekedia Institute, and Chairman of Tekedia Capital. Since 2009, a Harvard Business Review writer.
United States
Joined April 2019
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Unbelievable that a Senator whose wife was the president of the court of appeal could brag how he influenced her decisions. He embarrassed the senate president by revealing the open truth about Nigeria’s judiciary. We must give Senator Bulkachuwa a national award as a…
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The Igbo Apprenticeship System work has passed the first phase of editorial work at Harvard. We have more phases to go, but everything is looking fine. Due to the nature of the topic, it is taking time. I have also defined the IAS thus: (click)
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In Nigeria right now, everyone is a victim. Mike Adenuga lost the budget of some geopolitical zones in Nigeria as his wealth decreased from $6.3 billion in 2023 to $3.1 billion. As that was happening, Rabiu of BUA Cement decreased from $7.6 billion to $5.7 billion in networt.…
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A phone rang, and I picked it. And from the other side, an unmistakable voice said, ‘Prof Ekekwe, I am PGD, your colleague in Diamond Bank”. I jumped and shouted “Ifeoma [my wife], come over here because a Legend is on the line”.
Yes, today, the banking legend, Pascal Dozie,…
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To be called to serve your people is one of the finest moments in careers. I have been on countless United Nations helicopters, cars, etc, across the world, but no experience could be compared to the moment to serve Abia.
I am very confident that with Dr Alex Otti,
#Abia
will…
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His Excellency, Dr Alex Otti, called me and asked me to visit his country home in Abia State. I accepted and went. (I was the co-chair of Abia Economic Transformation Transition Council). It was a really great moment. Right there, we discussed the next playbook for our great…
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“The foreign airlines were taking between N15-N17 million for business class, N6 million for premium economy, and N5 million for economy. Then Air Peace came on, charging N4.5 million for business class, and economy class starting from N1.2 million. Now Air Peace did this,…
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If you live in Aba and some communities in Abia, it is fair to write that Abians voted for a LEADER in Dr. Alex Otti. When he called me, and asked me to join the Economic Transformation Council to move Abia Forward, I knew it was a great moment.
For weeks, day and night, we…
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Papillo, congratulations. Yes, Abia State government has confirmed Kanu Nwankwo as Enyimba’s new chairman. With this, the ex-Arsenal striker will replace the most successful chairman in the Nigerian football club history. Felix Anyansi-Agwu served Enyimba for 24 years and won a…
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You got the news that Abia State spent “N927 million On Meals, Welfare Packages In Three Months, etc” by a media organization. First, it was all fake news because if you check the same document the media people shared, Abia State ought to have been commended. It is key to…
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He is peerless and one of the world’s finest in investment banking, private equity (PE) and infrastructure financing. Born in Sagamu, Bayo Ogunlesi rose to the pinnacle of global finance at a really fast pace, making and crystalling deals, which have seen his private equity firm,…
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Today, the Governor of Abia State, Dr Alex Otti, appoints Prof Ndubuisi Ekekwe, His Highness Muhammad Sanusi II (14th Emir of Kano), Dr. Ngozi Okonjo-Iweala (DG WTO), and other eminent citizens as members of Abia Global Economic Advisory Council (AGEAC). The grand vision is to…
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Hope cannot be bounded by nomenclature. Call it whatever you want (democracy, military-cracy, etc), people want HOPE. And if politicians fade, with poor leadership, and men on khakis present even an illusion to hope, they have FANS.
ECOWAS will not just be fighting soldiers if…
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My social media channels are classrooms. And most times, I write things which deviate from the “typical” consensus. What if I tell you that fuel subsidies are not Nigeria’s main problem? What if I tell you that what you see as a “fuel subsidies” problem is actually inefficiency…
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Mr. President. My Governor. It is not going to be an easy task, but we believe. Yes, “Abia State Governor, Alex Otti, has unveiled an ambitious plan to revolutionize transportation infrastructure with the proposal of a groundbreaking light rail construction project spanning the…
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My beloved Abia State believes that energy security is catalytic to economic development, and that is the reason our state will set up a modular refinery in Abia Industrial Innovation Park. Our slogan is “prosperity through enterprise” and we need energy to run enterprises. I…
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The game of chess has started as Binance responds to Nigeria: "According to data provided by Binance to the ONSA [Office of National Security Adviser], Nigerian trading volume on the platform in 2023 alone amounted to $21.6 million." Note "million", not "billion".
Recall that…
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Do not be like me who missed a huge opportunity. While I have done other great deals, I want everyone to remember what it means to miss an opportunity because of "cloudy thinking" on risk perception. My story on how I lost investing in Kuda bank.
This is it: the Kuda team waited…
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I like containers because logistics is commerce. Without seaports, many components of market systems fade. Nigeria needs to have more of those critical infrastructures to advance shared prosperity. Ibom/Ibaka deep seaport is a MUST now. It's about time.
Ibaka/Ibom deep seaport…
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Elon Musk’s SpaceX arrives Nigeria with its Starlink. The team is working with NCC, the industry regulator for permit. Expect MTN, Glo and Airtel to see a new order of competition. Broadband age begins at scale
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As we celebrate the Geometric Power Aba, let me remind everyone of something even as catalytic for the economic development of Abia State. Yes, the Enyimba Economic City (EEC, a 9,464 hectare tax and duty free special economic zone in Abia State, is a vibrant integrated city with…
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This city has the potential of becoming a very important state capital in Africa, as Governor-elect, Dr Alex Otti, takes over, to execute a playbook, for the Abia people. The Economic Transformation playbook is largely ready and would be presented to the Council this evening. I…
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Let me take this moment to congratulate Geometric Power as it plans to commission its Aba power station. The tenacity the team led by Prof Barth Nnaji has demonstrated is legendary. I also commend His Excellency, Dr Alex Otti, the executive governor of Abia State, for his…
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Good People, I am back on Twitter, after many attempts, and this time, it is permanent. Yes, Twitter has built the product which I have been asking for: give me enough space to build my logic as the 140-character thing was restrictive. This is my Twitter handle:
@ndekekwe
Yes,…
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The literacy rate in China is now 99.83%. In other words, out of every 100 people above 15 years, 99 can read and write. In 2022, the gross enrollment rate in tertiary education (university, polytechnic, etc) in China reached 59.6%.
The literacy rate in Russia is 99.70%. In…
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We are lacking empathy in Nigeria and this is very unfortunate. We’re finding it easier to tear down buildings in Kano, Alaba Market and other areas when we have no plans on how new ones could be built. No matter how you see politics, Nigerians must condemn these acts.
If…
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Nigerians should stop celebrating the always records-breaking revenue of Nigerian Customs. Yes, yearly, we are informed that the Customs has generated another huge revenue. Good People, there is nothing to celebrate for those numbers since there is a clear correlation between…
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Peerless. He makes you believe, effortlessly.
Video: in Akwa Ibom recently
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The playbook is clear: Abia State’s infrastructure must be upgraded because the government will build the platforms for industries and commerce, and then allow businesses to operate on top of them. Waste management. Good roads. Security. Decent healthcare. Better schools. Etc…
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FrieslandCampina is one of the world’s largest dairy companies. In Nigeria, it is known through the PEAK MILK brand. It began as a cooperative of farmers in the Netherlands, around 1871, and set out for a global domination. All dairy farmers produce milk from their cows, and…
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Governor Soludo: Remember Diochi, the village palm wine tapper, who is always reminded that he must not tell his fellow villagers everything he sees while on top of the palm tree. There is wisdom there because Diochi knows everything, from seeing women taking showers in the…
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So many interesting comments on my piece on Dangote Refinery. Let’s respect and commend Alhaji Aliko Dangote. Here you see me, even as a village boy from Ovim Abia State, if you have $5 billion to invest in Nigeria and you have money to rent my brain, my advisory package will…
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Done here - got a great applause on a 3-hour presentation with Q/A. Thank you Google for inviting this Ovim village boy; may you experience more growth. Thank you.
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Act 1, Scene 1: clean up the refuse and make Aba and Umuahia clean again. The fact is this: you do not even need to break a bank to do that. Governor Alex Otti of Abia State has commenced cleaning the mess of decades. And you know what? He is tapping into the energy of Abians to…
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The Igbo Nation’s republican spirit of entrepreneurial capitalism, personal liberty and individual responsibility is encapsulated in one of the most important lines in the Igbo Nation : “onye kwe chi ya ekwe” [if you believe, your personal god will believe]. What that says is…
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Feels great. Instead of waking up early for Saudi Arabia or Brazil or Rwanda, one has been up since 3am for God’s Own State, for Dr Alex Otti's Governorship Transition Council. Good People, Abia MUST move forward. The gateways to Nigeria’s opportunities pass through Abia; COME.
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To the interim Central Bank of Nigeria governor, I have this village suggestion to make: the strength, power and redemption of the Naira will not come from the absolute policies in the headquarters of the Central Bank of Nigeria, but through what happens in warehouses, factories,…
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Fundamentally, BRICS is a major challenge for Nigeria as South Africa increasingly envelops Nigeria in Africa. I cannot explain how Nigeria found itself in this position. You are the largest economy. You are the most populous. But in the architecture which will define the basis…
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When he touched the zenith of African football, winning the CAF Player of the Year award, I dropped these lines on Victor Osimhen: “Victor has been phenomenal and has created a new era in Napoli Italy. Today, we have the eras of Diego Maradona and Victor Osimhen (that is not an…
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The Johns Hopkins University archived it permanently in the Sheridan Libraries. The United States Library of Congress also recorded it. Getty Images got the rights to distribute it around the world. A photo taken on the day I recorded a major breakthrough in my PhD research. The…
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I reported at 7.30am and it was the first day at work in the bank’s headquarters. Quickly, they told me to go home and return at 4.30pm for a night shift. On that night, the first ever experience of working at night, I slept off, and slept off. The lead engineer that night…
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Chick-fil-A, a fast food chain which makes chicken right, is blowing financial metrics. The US-based fast food chain is a revelation. It has a cheap fee to open a chain but it has a premium royalty. About 60,000 people apply for an outlet operating license but only 80 are…
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Hold the laugh....ECOWAS soldiers are just about ready.
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Nigeria is a special place. When the news broke that Economic and Financial Crimes Commission (EFCC) operatives raided the headquarters of Dangote Group, as part of investigations into possible misuse of foreign currency, I had expected that during the next trading day, the…
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Nations rise and fall on leadership. Companies rise and fall on leadership. One major American technology company recorded 22 consecutive quarterly revenue declines. Then, a new CEO came, and revenue started growing. The nation of Argentina for close to 12 years did not know what…
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Every Abian has the spirit of enterprise. Dr Ngozi Okonjo-Iweala, the DG of WTO, and an Abian, spoke before members of Dr Alex Otti Governorship Transition Council. In a moving speech, using words/phrases like “my state”, “visiting Ariaria Aba”, you get the sense: FORWARD
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“In eight months of Tinubu administration, Nigeria’s stock market leads the world by Bayo Onanuga” - the Nation newspaper.
My comment: The Nigeria stock exchange has been growing on absolute Naira, but on the real value, it is not. That statement is factual but the irony is that…
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Three friends visit a bank with each having $1,000 in USD dollars. They deposit the funds in their respective USD domiciliary accounts in Nigeria. When they check their bank accounts that night, they will each see $1,000. But it is important to note that the bank is not expected…
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Well done Abamade team for this event at Aba. Nice designs and great runway lines there. Let’s shop Aba, let us wear Aba, let us celebrate Aba, and let us improve Nigeria’s exports of fashion products.
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@Ayoksy
Wisdom is like a bag and everyone carries his or her own, says the Igbo Nation. That idiom is the summary of everything we do. Simply, we are different, and that should be respected. I welcome people like Ayoks; he/she reminds me the task ahead in Naija.
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That is a massive disintermediation for foreign airlines on the Lagos-London route. Yes, if you live in Owerri, Asaba, etc, you can pay to fly to London from those cities instead of beginning the flight in Lagos. The implication is massive as Air Peace will handle your…
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Every citizen of the world is an Abian because Abia State is “God’s Own State”, and we’re all children of God (at least for many!). The near-term VISION is to restore the glory of Abia State and make it the
#1
State in Nigeria on opportunity, human welfare, and progress. Doing…
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It happened because the boldest entrepreneur in the world has done it: "Elon Musk’s Twitter on Thursday began a purge of blue verification check marks from users who have not signed up for its subscription service...blue checks even disappeared from the accounts of ... Kim…
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I am flummoxed that people are offended that I deleted and apologized for a post which turned out to be “untrue”. Fellow Citizens, no matter your political, ethnic, or religious affiliation, note that until we (Nigerians) become fact-based, Nigeria has no future. If you rely on…
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Tomorrow, a new brighter and energetic day will break from the eastern horizon. The energies of the men and women chronicled in Omenuko by Pita Nwana will rise again.
An amazing land where boys become builders, and girls leaders, will wake up. In the Igbo Nation, it pioneered…
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First, Abia State does not have internal funds to build any stadium. But Abians have the capabilities to work with investors to build a stadium. Our aspiration is to have a FIFA-level stadium in our state, and I am happy that our leadership has started some basic things.
This…
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Nigeria’s floating of its currency, while progressive, will cause severe perturbations in the economy - and a stable state may not come as most experts have predicted: “The cost of petrol is expected to further rise as much as N700 per liter in northern Nigeria, and around N610…
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Outstanding! When your name is Lookman, you must look man because one Victor is sending victory crosses across.
Lookman. Osimhen. Super Eagles Nigeria: 2
Cameroon: 0
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Umu Abia, I am honoured for being called to serve as a member of the Board of Abia State Diaspora Commission. As Abians in diaspora, we have an obligation to rebuild the homeland, and now is that time.
Remember, if you live in Lagos, Enugu, Kano, New York, London or anywhere,…
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“Abia State will rise because Abia has the capacity, people and knowledge to make Abia great. … Let us serve Abia... This Council is inaugurated” - Mr. Governor-elect, Dr Alex Otti, just finished inaugurating members of the Governorship Transition Council. Our work begins.
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South Africa (Johannesburg) stock exchange has a cumulative market cap of about $990 billion when the Nigeria stock exchange is $50 billion. When you remember that Nigeria (population, 200 million) has 3x the population of South Africa (pop, 60 million), you will agree that we…
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As a former Systems Automation Engineer in a Lagos bank, I worked at the heart of the bank: maintaining the systems which kept the general ledger working. Interestingly, when I came to the United States, I noticed that we could do things differently from how we worked in Lagos.…
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Chief Gabriel Igbinedion, the Esama of Benin Kingdom, requested for a brilliant young Nigerian to deliver the 10th year anniversary lecture of Igbinedion University. Amazingly, yours truly was selected and they flew me from the United States to Benin.
Behind that support was a…
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Why did Obi Cubana do this? Simply, that is what entertainers do. And they are not stupid. It is a business that wins on visibility and popularity. In this piece I explain why the Oba Cubana's carnival is the beginning of Cubana 2.0 brand
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Today, three amazing undergraduate students spoke with me. They’re looking for funds to accelerate their startup. In our business, we have a policy of not investing in startups run by undergrads who have months to graduation. My thesis is simple: life is more than building…
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Good People, today, the Abia State Governorship Transition Council submitted the recommendations for the development and advancement of Abia State to Dr. Alex Otti, Governor-elect of Abia State.
On behalf of all our members, I want to thank everyone who contributed in the…
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Nigeria produces about 1.2 million barrels of oil per day. The United States does about 13.3 million barrels per day. But while Nigeria is an “oil producing country”, not many people in the real sense think of the United States as first an oil producing country. Why? The…
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The update is that Femi Otedola has exited his 6% stake in Transcorp, Nairametrics reports. This is coming after Tony Elumelu upped his controlling number to more than 25% in the diversified conglomerate. In the Igbo Nation, a child who has food to eat will just wish that the…
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Good People, we need to focus on policy and not go into personal attacks on our fellow citizens who are serving. Yes, our central bank governor, Yemi Cardoso, and the finance minister, Wale Edun, deserve our support and respect. Focus on our national policies and not the…
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When the federal government created states in Nigeria, there were cardinal cites, upon which those states would be built upon. In Abia State, Aba, the Enyimba City, is the fulcrum which was expected to take the God’s Own State to the heavenly gates of opportunities, abundance and…
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Three countries - the United States, Russia and China - define military might in both conventional and nuclear wars with a supreme industrial base which can sustain combat for years. Sure you can add the UK, Japan and the EU, but note that those “countries” do not have the…
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McKinsey, a consultancy, thinks that Nigeria's HUMAN geography will be rewired within two decades. Today, the tier 1 cities are Lagos, Abuja and Port Harcourt when you are planning a “broad” growth strategy (for some sectors, those vary) within economic opportunity geography.…
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I wish Nigeria should stop this type of policy: "The plan by the federal government of Nigeria to disburse N500 billion to 12 million households as a palliative measure to mitigate the impact of the removal of fuel subsidy on Nigerians, has stirred widespread criticism...The…
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Good People, I have read Dangote Group’s accusations against BUA Group and the high-voltage response from the BUA Group. In summary, Nigeria has a long way to go. From these public crusades, we can get one thing: it is not the best idea that wins in Nigeria in these traditional…
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It is a BIG one - we're launching a digital bank in Texas which will focus on diasporas in North America, and expatriates working in Africa, with multi-currency capabilities. We've licenses in Canada and US secured, and launching in Q2. Just finishing app &soon will begin hiring.
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As we fight for the Naira, I have one recommendation for the new central bank boss in Nigeria: push your men and women to work on working papers, over just press releases. By forcing them to develop working papers, you push them to become more rigorous and analytical as they…
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Good People, it does happen, unfortunately. Sometimes we get things wrong because it is hard to know the right source to trust these days. Yes, the update that the government gave Dangote Refinery license is not factual. After more than 12 days, the regulator noted that Dangote…
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Innovators, builders, makers and entrepreneurs in the Abia Technology & Innovation Network (ATIN), I want to publicly thank all for the vision which all of you have articulated, and shared with us, as we work to craft a great vision for Abia State. In many conversations with…
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I think Nigeria needs to find a solution to the level of misinformation we have online these days. I have been inundated with many questions on if the Central Bank of Nigeria (CBN) is bankrupt or going bankrupt. Please there is nothing like that. The Total Assets of CBN (Group)…
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“It may feel as if everything has gone online, but 90% of purchases still happen in person” – Stripe.
Can they get modern payment to Oriendu Market in Ovim, Abia State? Yes, BoundlessPay, a Nigeria-focused payment platform, is unveiling an offline payment system that will…
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In 2000, Abia State unemployment rate was 4.2%. By 2019, it had risen to 32.5%. The question is: how do we get the unemployment rate to a single digit? In other words, how do we get Abians back to work?
This is a very important issue because I met Aba, the heart of the state,…
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Herbert Wigwe, one of Nigeria’s finest bankers and 2018 Tekedia Businessperson Of The Year, has died. Bloomberg reports that he died in a helicopter crash in Southern California, along with other people, including some of his family members.
As I wrote when I chose him as the…
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The big rumour: “There are strong indications that Nigeria is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency”.
My Response: There is no basis to convert USD to Naira and no…
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In the Igbo Nation, it takes the killing of one leopard to be a killer of leopards. So, we must learn to celebrate even small things. Yes, yours truly was recognized as one of the Top 200 LinkedIn Creators Worldwide by Favikon. In the report on their site, they used words like…
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Nigeria will either pause the full floating of its currency or return back to fuel subsidy within 6 months. Nigeria’s weakest currency stability point remains that it has to continue importing petrol since it does not have any working refinery. That creates a vicious circle since…
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One of the worst economic policies in Nigeria since 1999 is the current floating of the Naira. That decision has a score of “F” from me, because despite what any person could tell you, economics is “science” played by the people. And science operates on principles. In…
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In 1917, the largest public company in the United States was US Steel. Fifty years later, in 1967, the largest was IBM. Over those fifty years, American leading companies had transmuted from building/construction infrastructures to digital infrastructure companies. Before those,…
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Abia State offers prosperity through enterprise, and it is God’s Own State. Young People, are you ready for
#Abia
? Something amazing is coming.... and we need your support
#AbiaIsBetter
. Everyone is invited; Mr. Governor-elect has approved
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I just touched town and tomorrow is the big day. My speech is titled “The Universe of Numbers and The Accelerated Society Era of AI”. Get ready for history, from the time of Pythagoras to the time of Muhammad ibn Musa Al-Khwarizmi to the age of Jack Kilby - and our time, we will…
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Take it easy guys, Ndubuisi Ekekwe, the village boy from Ovim Abia State, does not write on emotions. I write to have liberation, and I write the way I see it because by God’s Grace, I do not need anything from any politician in this world. My negative view of the floating of…
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As a member of Abia State Government Economic Council, I received many messages from our community, asking for the reason why the state government and our Governor, Dr Alex Otti, bought Toyota vehicles, to immediately deepen the security challenges in some parts of the state,…
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Congratulations to Mr. Adebayo Ogunlesi for his mega ascension into the kingship of money: BlackRock, the world’s largest money manager, is acquiring his Global Infrastructure Partners (GIP) for a staggering $12.5 billion, making him a real “oba owo” [king of money]!
He is…
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Great observation by SH that Abia budgeted N1.5B for two Hilux. But if you look at that data, you will notice that it was a pure typo. They listed Hilux purchases many times and the prices are consistent with normal market value, except the one that SH noted. You cannot buy one…
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We’re back to the old: “The Central Bank of Nigeria (CBN) has rolled out new guidelines mandating that transfers made through international money transfer operators (IMTOs) will now be paid out exclusively in naira, a move believed to be geared toward mopping up dollars to…
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Whoever is publishing Duke Magazine in the United Kingdom, I want to THANK you so much. I just saw my face in the midst of powerful people. Michael Jordan. Jay-Z. Lebron James. Tiger Woods. Obama. Really? I like the title “Scholastic Developer” but some of the lines like…
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Let me congratulate Don Jazzy and the team at Mavin Global for a great moment as the world’s leading music company, Universal Music Group, acquires a majority stake of Mavin Global with the deal valuing Marvin at close to $200 million.
“Universal Music Group (UMG), the world…
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First, let me get it out: you are statistically better in our modern world to have a great career (financially) if you studied electronics than Igbo language. Yes, technical degrees typically outperform non-technical degrees on career resilience and financial rewards, on average.…
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You need to go way back to the days of Michael Iheonukara Okpara (Premier of Eastern Nigeria during the First Republic) to see a resemblance of what Abia State has in the 2024 budget. Chief Okpara built Aba and made it a hub of making things. This is the sankofa moment and Abia…
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Which two companies are the most profitable ones in Nigeria, using return on equity? Not banks, not insurers, not telcos and all those fintechs. In the Nigerian public market, Presco and Okomu Oil are the two most profitable companies this year, to the end of September, using…
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