Timbu
@timbu
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@BillAckman
@MIT
If you need to define something, then pick an authoritative work, and cite it. You cannot copy from Wikipedia, and not indicate so. Even the worst paper reviewer will mention this to you.
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Motivational speakers told you to buy dollar at N1,900, now 40% of your money is gone.
Breaking: CBN sells dollars to BDCs below market rate at N1,101/$1 -
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They will say that banning Binance made no difference. But all this improvement happened after Binance was banned.
Mon 25 Mar, 2024 • 11:00 AM
💵 1 USD ⇛ ₦1,405.466
💷 1 GBP ⇛ ₦1,820.940
💶 1 EUR ⇛ ₦1,559.767
💶 1 CAD ⇛ ₦1,059.277
v1.1.6
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Remember Promise, the deaf girl I met in the village? Twitter people suggested St. Louis school for the deaf and we enrolled her. Even though she never did sign language before then, she came 3rd in her class!
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Things to consider when building a family house (and money is no problem):
1. A large entrance room where people can dump shoes, coats and dirty stuff before entering.
2. Ethernet ports in every room. Usb chargers on the wall sockets.
3. A kids play area that is connected to
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I needed to pay $10. So I decided to use crypto. Here is the process:
1. Clicked to pay. It showed me a Coinbase payment screen popup.
2. I clicked to pay via USDT on eth, it said the fee would be $4. Too high.
3. At the bottom it says something about Polygon network. I click it
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If you are a local startup and you need coders ready to work at N100k/month for the next 6 months, drop in my DM. I will refer you backend, frontend, ui/ux etc.
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This is DevFest, Uyo. Now think of 5 years from now, when most of these people will be earning thousands of dollars monthly and playing in the global economy. And mentoring others. Africa is about to change significantly.
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If you thought the world was fair and merit was all that was needed, the social-media unfiltered thoughts of many gatekeepers should have disabused you of that notion by now.
Well designed gatekeeping is an elaborately woven net of codewords and tests designed to keep out the
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The genetic distance between the Igbo and Yoruba tribes is less than the distance between Germans and Austrians. Genetically, Igbo and Yoruba are identical people. And even in language, Yoruba and Igbo belong in the same group (with Edo).
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When you live in a bubble of rich people, you start believing that everything should be done based on merit. When you spend a lot of time with the poorest of the poor, that's when you realise that we need to help them, they won't achieve it on their own.
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I'm very happy that
@paystack
,
@moniepoint
and
@piggyvest
were at Akwa Ibom Tech Week representing! Great support from around the nation.
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@hackSultan
So you think it's okay to hide the fact that ritual murders are happening because of some absurd beliefs? The more we expose criminality, the less it will be. Shine the light and crime will stop. I'll continue to do that, no matter how much people want to pretend it's not there.
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My suggestions to the Minister of Comm Tech:
@bosuntijani
.
1. Nipost: Every nipost branch should become independent. Any courier/e-commerce company can pay a "space" in the branch, and once they do that, they get a seat and can receive packages. A guideline for operations is
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How are we sure Binance is not printing NGN? When people trade NGN-USDT on their platform, did they really deposit Nigerian Naira? Or is Binance just creating a kind of virtual naira? If it's doing that, then Binance is pumping 100s of million of naira into economy daily.
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My Dad too was a houseboy. When people ask why Africa is backward, you have to understand where we were just one generation away. All this is being built from nothing.
My father was sent at age 10 from Akure to Ibadan to be a domestic servant (houseboy) in order to position him for Government College Ibadan GCI because his mum believed education was the way. We’ve gone from houseboy to me in one generation. It’s education not privilege.
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@iaboyeji
We can solve this privately with less than N20m. Fund transport vehicles that ply all routes with dashcams and hidden cameras and document every extortion attempt. After 10-20 of the cops have been fired the matter will die down for one year. When it returns, repeat.
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22,000 people have registered for
@hnginternship
so far. It's starting Wednesday. Of the one from last year, ~ 500 people so far have found tech jobs, and about 100 are in foreign remote jobs. And numbers keep going up.
Let's see how this one goes!
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Nigerian Coders - I am begging you, please come back to PHP. All of you left PHP, now there are so many open roles and nobody to fill them anymore. In the last two years, I don't think anyone specialised in PHP anymore. Intl companies searching for PHP devs here and can't find.
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There is almost no chance of Nigeria ever getting their national power grid working. It's too big, too complex with too many moving parts. The only pathway forward is by state or regional grids. Till this is understood, there will never be power.
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Again, if you need coders, designers, mobile devs at N100k/month, drop in my DM. They are available and eager to work.
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I saw this when I was applying for internships in the U.S back when I was in Uni. My other friends all got invites, I never got one. My grades were much better, we wrote the same letters. It was weird. Ended up doing my internship in China.
This is an experiment carried out my professors at MIT.
They found that with equal qualifications people with black sounding names were rejected at ALL levels.
Read more here:
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The biggest extra cost for manufacturing in Nigeria is extortion. If all forms of extortion are removed, particularly from the highways, productivity will go up significantly.
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@SobonBet
@BillAckman
@MIT
Copying a definition without citation is plagiarism. Those are not her words - they are taken from some other source. The source needs to be indicated, otherwise she is passing off someone else's work as hers.
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Attach yourself to someone who is moving up fast.
Gentlemen above 30years, what crucial financial piece of advice would you offer to men in their 20s as they step into the first quarter of 2024?
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NGN token is being removed from Binance. Binance never had the right to create an NGN token, just like it did not create a EUR token or mirror any other countries currency. If it wanted NGN, then it have bought NGN and stored it in a bank in Nigeria.
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The narrative of Africa is way worse than the reality. In reality, Africa has moved forward rapidly over the last 10 years, but numerically, it looks really bad. This bad look is mostly because of currency depreciations, which has made all numbers look bad. But these currency
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Everyone knows how to fix a company or country. When you get in the CEO seat, you realise that it's NOT THAT EASY.
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There is only one reason for the massive devaluation of the Naira - the central bank has printed an insane amount of Naira over the last 8 years. That's what plunged people into poverty. It's not crypto or lack of exports or anything. It's naira printing.
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@HenMazzig
It is not just the right, it is the duty of every human to interfere and intervene anytime suffering is being brought down on innocent people. There are always four types of people: those that execute a holocaust, those that support it, those that keep silent, and those that
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I think we should have A380s that fly between african cities like Lagos and Abuja. People stand in the plane (no seats), and it can carry 2,000 to 3,000 people in one journey at $7 a trip.
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Without ever opening the CVs, the person whose CV's file name is "John_Williams_Resume_PHPdeveloper.pdf" is going to outperform the person whose CV's filename is "my cv(3).pdf."
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@bosuntijani
Make it a tech business networking space. Every tech business can rent one chair, which they can use anytime they are in Abuja. Have weekly Demo's of new startups there (Startup Friday). All "chair renters" can come in to listen to pitches. Like a central point for early stage
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One thing I have noticed with our training programs: Nigeria has way less female backend coders than Kenya. The majority of good female coders are from Kenya.
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@Ssaasquatch
The fundamental issue is that time is cheap in Nigeria. So many people underemployed that you can pay peanuts and they would do it for you.
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We are introducing new hybrid work in the office (no more remote). New schedule is: 5 days in the office, 2 days from home.
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The best made banking app in Nigeria is not by one of the fintechs, it's Sterling Bank - OneBank.
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Akwa Ibom will be the breakout state in Nigeria. It has everything going for it - high oil revenues, single religion and single ethnicity, good education, coastal, a single major urban center, low conflict, welcoming culture.
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Everyone is hustling in Africa. The energy is insane, everyone trying stuff out. People who think Africa won't make it should visit first.
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We need Bootcamps for critical reasoning. It seems to really be lacking.
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I strongly believe in hiring for merit. But I also believe in hiring before people are fully ready, and hiring people who otherwise would not have a chance.
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Every Nigerian startup has to execute a hard pivot right now out of the local market. This is our new responsibility as CEOs now.
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Every day, I send one cold email or a DM. Even if it does not work, it removes fear of rejection, and helps you refine your own thinking. You consider - what did I do wrong last pitch, and how can I improve it? And occasionally, you get meetings out of it.
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When I said that we have coders ready to work for N100k a month, why did nobody attack me? Two years ago, I would have been dragged.
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This would be the richest and most powerful country in Africa if the United West Africa merge happens.
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We migrated an app from 6 servers to one, switched from microservices to monolith, went from pure PHP to mixed PHP + Python, and the best part....
Nobody noticed.
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@JasonNjoku
It's not about fundamentals, it's about money supply. Buhari tripled money supply, Cardoso seems to be going opposite direction
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You will always fall back to the same habits, the same patterns and the same routines, if you are in the same place, meeting the same people and doing the same things. No matter how much you want to change, you will slowly revert back. To change yourself, change your place,
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I wonder why people are so interested in learning "Cyber Security"? It's not a beginner course.
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@tokunbo_wahab
Why not rather make the estate owners build large underground pipes through their estates? This is cheaper than demolishing houses, and any estate that refuses to invest in this can then bear the penalty.
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NGN to USDT trading on Binance should be stopped. I am not normally one for protectionism, but people speculate on crypto. Right now they are speculating on NGN-USDT, and it's affecting the real economy.
Crypto is a thin trading layer, but it changes the perceived value of the
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It's been a busy week. HNGx Finalist event (we trained 400+ finalists). Then we facilitated the interview of 40 people for American companies. Followed by the Akwa Ibom Tech week. Then a bunch of meetings with hubs/training in AKS to figure out how we scale this.
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I really dislike people who virtue signal all the time. With their fake humility. Learn to be you, with all your flaws and weirdnesses. You don't need to be a fake you to please us the audience, we don't care, and we will forget you in 2 days when you die.
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@Talk2coded
@hackSultan
Crime stops when people know about it. I'm not here to help criminals by hiding the horrific murders they are doing to earn $1,000. Everyone needs to know about it so serious action can be taken. You can choose to hide it for "pr purposes", that's not me.
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The most important thing to achieve in your life is to reach a point where you do not need to compromise any of your values to earn a bit more money.
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In terms of building software, the hardest to build is any software that stores money. It's not the user features that are hard - it's making sure it's super secure. That's 80% of the work - and not to be done by juniors.
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Meeting of all the major tech trainers operating in Uyo - trying to figure out how to train more, get people more jobs and how to work better together.
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@iaboyeji
@EmekaOkoye
I have not had time (or interest yet) to do the summary sheet. I also did not want to get pulled into the drama. Now that tribunal is over I may work on it.
The biggest problem was in Rivers State, were results were blatantly wrong. Outside of that, the results were mostly
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Every HNG program we do gets a bit better. We want a tough program that focuses on the elite, but not a mean program that discourages people who fail. It's been hard finding the balance, but we're getting better at it.
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Idea: "Construction Work Gym". It's like a gym, but instead of carrying weights pointlessly, you go help out at a construction site, carrying blocks and heavy bags of cement around.
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In Nigeria, if you like, try that stunt of employees quitting to join you as you leave a company.
As you leave the office, it's the employees that will lock the gate.
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Seyi Tinubu as the next Governor of Lagos. If it's about the interests of Lagos, this would probably be the best move. He can probably create the greatest advantage for Lagos right now.
Not debating if it's right or wrong, just saying that based on current realities.
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Binance is doing NGN2.3billion in daily trades. Does this mean that it is taking deposits of billions? Which bank handles Binance balance?
You can do a spot buy of ngn on Binance with no problem rn. Where is the naira it uses to fulfill this sitting?
Curious to learn.
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Social media makes people sometimes mix up friends and acquaintances. Your friends:
1. Check up on you when you go silent
2. Call you to hang out without a reason
3. Send opportunities and things that help you your way.
Anyone not doing that is not really your friend.
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If you love cars, buying a nice car is not a waste of money, it's the reason why you worked so hard. The rich people driving ugly cars just don't like cars. But there is something else they like that they are spending heavily on.
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Have you been looking for an excuse to go to Akwa Ibom? Akwa Ibom Tech week is here. Follow
@IbomTechWeek
. From 30th Oct to 5th Nov. Get your ticket here:
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During the Biafran war, the foreigners working with Nigerians really struggled to get the troops to work well. In general, everything was very chaotic, and it was hard to keep order.
This always happens with people working in West Africa, in particular westerners/chinese. They
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@lporiginalg
This is absurd! Benin was described this way as a justification for the 1897 massacre, when the British sent in a punitive expedition to destroy Benin, after some British people were killed. Benin was destroyed, many massacred, and artwork were taken and spread all over the
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Realistically, if you raise $2m funding for an African startup, this is like raising $20m funding for a U.S based startup. Salaries are lower in Africa. The potential for revenue is lower. You must pace yourself properly.
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Not everyone liked the training style we created at
@hnginternship
, but I don't think anyone can deny that it is effective specifically for what it was designed for - surfacing people who will do very well in jobs.
Because that was always the goal, we don't have feel-good
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@bosuntijani
LTE-U for local internet distribution in places that need internet to be spread, like schools. Starlink + LTE-U radio with 1km range.
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I don't know if the anti-DEI people realise that when they only allow merit in college admissions, 95% of the students of elite colleges will become Chinese.
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@alexisohanian
@garrytan
@brettdg
@jenhwolf
Congrats on creating this great site that I use every day. A fundamental piece of the internet - and it would not have happened without you!
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When you finally meet the
@moniepoint
team! Love what these guys are doing, and the fin infra they are enabling.
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A country builds capacity in an industry by building simple versions of that industry and evolving into more complex version. Not by trying to build the most complex version at the start. That requires importing experts, and your own people don't have fundamental knowledge then.
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A visual template for how to organise your new year's resolutions. Focus on 3 main projects, two hobby projects. Add 3 good habits and drop 3 bad habits.
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@saniyusuf
T h e y w i l l s a y t h a t b a n n i n g B i n a n c e m a d e n o d i f f e r e n c e.
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You don't just go from being a caterpillar to being a butterfly - there is this intermediate phase where you are confused lump of gooey stuff hanging around in blankets doing nothing.
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