This is a fatalistic Tedtalk from Mrs Ngozi Okonjo-Iweala.
From the time Dr Okonjo-Iweala was the Finance Minister, I loved that she likes to repeat the statement that I believe is the way out for Nigeria:
“In our countries, nobody, nobody is going to fight corruption for us but us.”
I am just going to pretend this talk is meant for Nigeria alone. Good that there were balanced views of where the continent stands today. True, there is hope and plenty of opportunities for development but why is Nigeria the way it is though, why are we so hostile to innovative ideas that clearly is beneficial to people and certain to pave ways for other social and economic improvement ideas?
We have perfected this so well by disguising behind ‘homegrown’ products. This is evidence in many of our industries – a few people benefitting at the expense of larger society.
I am glad that Dr Okonjo-Iweala mentioned Kenya mobile-money and its benefits and how the innovation has paved way to others such as easy access to solar energy as the money can be paid by mobile.
6:02 to 6:29 –
” In Kenya, the development of mobile money — M-Pesa, which all of you have heard about — it took some time for the world to notice that Africa was ahead in this particular technology. And this mobile money is also providing a platform for access to alternative energy. You know, people who can now pay for solar the same way they pay for cards for their telephone. So this was a very good development, something that went right.”
I see the mobile money in action myself and was amazed of how quick that was without having to step into a bank. Families in remote areas get help from loved ones quickly with cost being a fraction of what a bank would have charged them.
All the articles I read around delay of mobile money were pointing to the government strict regulations of protecting local banks, really? When will the interest of majority of Nigerians ever matter in any decision making?
And talking about mobile money as mentioned, I see this being used in a couple of resorts that I visited while in Uganda, one would have expected this to take off in Nigeria first given our over reliance on deafening household generators?
A note to those in charge of Ikogosi Sring Ekiti on this one, instead of apologising to guests and telling the same old stories about shortage of petrol to power the generator or NEPA issue, installing solar power will keep people coming, not the excuses after full room charge has been collected.