This is a strong quote from Yewande Sadiku, head of Nigeria’s Investment Promotion Commission, at a recent event honoring the late Professor Michael Ayo Ajomo:
“it is true that Nigeria has challenges, but when we are going into a negotiation that is not the toga that we wear, the toga that we wear is the toga of a country that is the 26th largest economy in the world and is estimated by 2050 to be the 14th largest; the toga of a country that is the 7th most populous country in the world and is estimated that by 2050 would become the 3rd most populous country.”
I don’t know anything about Professor Ajomo and look forward to learning about him. As for the quote, direct investment in the country during the Buhari administration peaked at nearly $4.5B in 2017. It will be interesting to see how investment in the country shifts once the refinery Dangote Industries is developing comes online in 2020. Dangote expects the refinery to meet all local demand and position the country to export finished oil products. This could change things for how oil investors think about the competitive landscape in the country moving forward.
I have been a Twitter user since February 2009. The platform has played a key role in expanding my world view and connecting me to now friends and mentors. It’s played a key role globally shaping the relationship between citizens and their governments.
The platform has also been quite harmful. The levels to which folks face harassment on the platform is quite alarming. For those who have been on the receiving end of that harassment – terrifying, I have to believe.
I’ve watched and listened to numerous interviews Jack Dorsey has given over the past couple years and there seems to be this disconnect in how quickly he plans to address the issue. Apparently, this was the case during his TED interview yesterday. I look forward to watching the video once it comes out.
This is a good interview with Andrew Ng, one of the foremost experts on the development of artificial intelligence from an operator and academic perspective. He makes the case here for folks to layer their expertise in various disciplines with an understanding of AI considering the impacts the technology is having across industries.
Ng also makes the case for conditional basic income rather than universal basic income for fear that folks will get trapped in certain jobs, namely gig economy jobs. I share this concern.
The one thing that frustrates me in conversations with AI experts is their positioning of certain AI developments being so far down the road that we shouldn’t spend a lot of time worrying about them. I worry how that gives space for the development of bad habits in AI technology that lead us to points of regret along this path we’re on.