Feature/OPED
Africa: Why Startups and Private Universities Failed on Development
By Nneka Okumazie
How many startups in Africa can say that their existence is the reason a major problem was solved in Africa, for the majority of Africans?
Some may easily dismiss this as not being a part of their mandate, but maybe looking at what they do through that lens could make their services more useful to their people.
The startup scene in Africa is full of activities, but there is no evidence that those activities are connected to solving major problems on the continent, as most of the problems that Africa faces are still there, or worse, with little end in sight.
Africans are not solving the problems of Africa. Whenever Africa makes progress, it is often due to external involvement, sometimes with little to nothing for Africans to contribute.
The situation that Africans cannot solve their own problems could mean that the problems are really complex, or Africans are not competent enough to solve their own problems, or both. There are counterarguments that some can make, but the evidence before everyone is that Africa is not developed, so something is not right about what most of these people claim they are doing.
There were people who had thought that education was the problem in Africa, hence the proliferation of private universities, but no private university in Africa has solved any problem in Africa, making their existence questionable.
In some countries with strikes in state schools, student gangs, sexual harassment and poor facilities, private universities may have been seen as better by some parents, but avoiding some of those things does not make them universities.
Providing or getting a meaningful education is one of the things that cannot be easily copied. A student may buy a new pencil, bag or shoe, but if the student is hollow, the availability of those things does not count, even if they may show to outsiders that notice that the student seems equipped.
Most private universities in Africa have a new pencil problem. Copying buildings does not make a place a university, it is just real estate, giving dress codes does not make a university, just a fashion ground, even having discipline does not make the place better than a military camp.
The private universities in Africa appear not to have what it takes to be transformative destinations for high-quality education or serious projects that can develop Africa.
The terrible trend with private university graduates of recent years in Africa is that they are also leaving the continent, travelling for different reasons. Africans without education are travelling desperately. Those who went to state schools are travelling desperately. Those who went to private schools are also travelling desperately. So, what is the point of a private university, if their selling point for quality education produces graduates who become herds, with nothing substantial to offer than to do as others and race out?
Like shiny private universities and startups, many places in Africa may look new and modernized, but it appears that the dominant operational strategy for things in Africa is primitiveness. The same crude way that people do things in rural settings is the same way that others across Africa do things, even if they are better furnished.
The people that Africa copied startups from are not doing their mainstream startups like what Africa has made it. Success for startups often makes them evolve in more directions, with new paths and things, working their way to societal indispensability. This is not the case in Africa.
It must be familiar to be viable. And what is familiar must come from others. There is no originality, even of risks that would not cost much if it does not work. They are often on guard about insignificant products. They often make things that should make sense meaningless. They use hate and envy whereas they should use aptitude. They make choices based on what is easy not what is possible. Their character is weak, unable to bear the weight of the progress Africa needs. They often act like they are not in Africa, or what is evident is not their concern. Their persistence is often for show and pleasure.
African startups came to embody the same mistakes as universities, where the lecturers are motivated or happy by the availability of grants or funding, rather than by the need to solve pressing problems. There is hardly anyone in areas without money. The flock is where the funding is, or the purpose simply is money.
Just like African education is static, has not changed and solves nothing, showing that the lecturers are incompetent to even do anything in their own space, so are startups in Africa for whom it can be argued are lacking precise talents, even if there is the abundance of people doing things.
The startup scene instead has vultures, those with feet everywhere for whatever benefits they can amass. There are some of their apparently smart people who keep advising everywhere in public. Those people have nothing original. They know not more than they have read or seen. Anyone would know what they know given the same materials.
There were many on high horses for many years due to technical skills, but now that robots can code, it shows how light they have always been, having nothing beyond what anyone could learn.
African startups and private universities seem to turn away from obvious problems, for whatever reasons, maybe due to a lack of talent or what may bring funding.
There are young people who work on commercial buses in Africa, who scream intensely to get people to come in. There are people who carry things on their heads, walking miles to sell, come rain or shine. None of the private universities or startups seems to care or see these as problems to solve, though they find giving them loans or saving their money as something to solve, not their explosive misery.
Some startup people and university lecturers would wear African clothes or put all kinds of punctuation over their names, like what it means to love Africa or care what they wear or how their names appear when there are so many obvious problems, and what they offer is nothing.
Africa is in a bad place. There are many places in Africa where extreme poverty is the beginning of hope. There are too many common levels below extreme poverty, for many of the population, with most conditions external to human dignity.
The problems of Africa seem to be talking points for many, going to school elsewhere or doing some startups, only as means be far away from it, themselves.
Any university lecturer or startup person who says that government is bad or is the problem is absolutely clueless and has nothing to offer.
Government is an obvious problem in Africa from the observation of people who always externalize their problems. The university that cannot solve hawking, or transform parts of education services under their own power, would say the government is bad. A startup that has a useless but well-built product would say the government is bad.
African governments are just another department of the crudeness of Africans. Rather than the governments as a problem, they are opportunities.
All African governments (and law enforcement) are cheap, crude and confused. There is no way to want anything from them and not get it. Their power structure is only money and force, when power in the world has diversified with advances, they are stuck with the stale since their people too can’t seem to do anything new.
How does Africa make progress? There are many Africans who see nothing good in Africa and nothing would change that for them. Two sources, private universities and startups that should hold promise for Africa’s development have failed.
Nigeria’s financial services industry stands at a decisive crossroads as technology leaders prepare for the January 1, 2027, data residency deadline set by the Central Bank of Nigeria. The regulatory mandate requiring all payment transaction records, customer personally identifiable information (PII), and account ledgers to reside within domestic data centres is forcing a structural re-evaluation of banking IT architectures. For executive teams across the country, navigating this transition without interrupting daily banking operations is becoming the ultimate test of leadership.
For years, the industry’s reliance on foreign hyperscale providers delivered quick elasticity and global tools. However, transferring entire production stacks – encompassing real-time transaction processing, API gateways, and fraud scoring engines – back to local infrastructure requires significant engineering effort. With the country handling billions of electronic transactions annually, CIOs are seeking to preserve system uptime while severing deep operational dependencies on foreign data centres.
Experts have opined that the core challenge confronting financial technology teams is the lack of empirical, vendor-neutral benchmarks for domestic cloud platforms. Evaluating whether local data centres can sustain mission-critical financial traffic requires rigorous stress testing rather than relying on theoretical SLAs. The risk of potential downtime during a live migration makes vendor vetting the most crucial phase of the compliance roadmap.
To mitigate these operational risks, infrastructure partners like MTN are mobilising domestic capacity and technical insights tailored for the financial sector. By offering sovereign cloud solutions and collaborative engineering frameworks, MTN is helping CIOs and startups navigate the migration path with minimal disruption. Their localised infrastructure serves as an operational bridge, providing the uptime and data sovereignty assurances that both institutions and regulators require.
Lynda Saint-Nwafor, the Chief Enterprise Business Officer for MTN Nigeria, put it succinctly when she explained the upside of hosting data locally: “Hosting locally means lower latency, faster response times, and compliance with Nigeria’s data regulations. More importantly, it gives Nigerian businesses control, keeping sensitive financial, health, and government data within national borders.”
As the January 2027 benchmark approaches, the metric for success will depend on technical execution and operational discipline across companies.
By Osasikemwen Ighile
For many Nigerian families, the summer holiday is a season of fun, relaxation, and spending quality time together. But with the kids at home, more outings, higher electricity consumption, and extra entertainment costs, it’s also a period when expenses can quietly pile up.
The good news? You don’t have to choose between making memories and managing your finances. With a few smart habits, you can enjoy the holidays while keeping your savings goals on track.
Here are five practical ways to save smarter this summer.
1. Ditch Cash and Spend Smarter
Ever noticed how cash disappears faster than you expected? Whether it’s buying snacks for the kids, paying for transport, or making quick market runs, spending cash can make it difficult to track where your money goes.
Using a debit card can make it easier to track transactions and monitor spending. FairMoney customers can use their debit card for eligible transactions, subject to applicable terms and conditions. You can make payments conveniently at stores, shop online, and easily monitor your transactions. Instead of carrying cash everywhere, you get a clearer picture of your expenses and can avoid unnecessary impulse purchases.
Small changes like this can make a big difference over the course of the holiday.
2. The Kids Are Home—Stay Ahead of Your Utility Bills
School holidays often mean one thing: the TV is almost always on. From cartoons in the morning to football matches in the evening, your cable subscription becomes more important than ever. Add fans, air conditioners, gaming consoles, and other appliances, and it’s easy to see why electricity bills tend to increase during this period.
Rather than waiting until services are disconnected, planning and paying bills on time help households avoid unnecessary late-payment or reconnection charges. FairMoney customers can pay eligible bills and services through the platform, subject to applicable terms and service availability. You can conveniently pay for Cable TV subscriptions, Electricity bills, Internet subscriptions, Airtime and data for the entire family.
Paying bills on time can help reduce the risk of late payment consequences or applicable reconnection charges. Summer is filled with birthdays, outings, family visits, and spontaneous spending. While these moments are worth enjoying, your savings shouldn’t take a holiday.
3. Enjoy the Holidays—but Don’t Pause Your Savings
A simple strategy is to save first before spending. FairMoney customers can also use eligible savings products, such as FairSave and FairTarget, to set aside money towards specific financial goals, subject to the applicable product terms, conditions and eligibility requirements, even if it’s in small amounts. Already planning for the next school term? FairMoney customers can also use eligible savings products, such as FairSave and FairTarget, to set aside money towards specific financial goals, subject to the applicable product terms, conditions and eligibility requirements. Already planning for the next school term? Consider setting aside money regularly towards your school-fee goal. FairTarget can be used to help you organise savings around specific financial goals, subject to the applicable product terms, conditions and eligibility requirements. By starting early and saving consistently, you can better prepare for school-related expenses when the new term begins.
4. Plan Weekly Family Activities Instead of Daily Spending
The holidays don’t have to be expensive to be memorable. Instead of spending money every day on outings, cinemas, or restaurants, create a simple weekly activity plan. One weekend could be a family movie night at home. Another could be a picnic in a nearby park, a cooking competition, indoor games, or a visit to relatives.
Planning activities ahead helps you control spending while still giving everyone something to look forward to. Sometimes, the best memories cost very little.
5. Buy Household Essentials in Bulk
With everyone at home, groceries seem to disappear twice as fast. Instead of making frequent trips to the store, which often lead to impulse purchases, consider buying regularly used items in bulk.
Depending on the retailer and quantity purchased, some household essentials may offer better value when purchased in bulk.. You’ll spend less on transportation, reduce unplanned shopping, and avoid running out of important items.
Summer should be about creating happy memories not financial headaches. By spending more intentionally, paying your bills on time, planning ahead, and staying committed to your savings goals, you can enjoy everything the season has to offer without putting unnecessary pressure on your finances.
A few smart habits today can make the months ahead much easier. And that’s a win for every household.
Osasikemwen Ighile is the Brand Manager for FairMoney Microfinance Bank
Feature/OPED
Beyond the Screen: How Sports and Entertainment Keep Nigeria’s Economy Moving
When we talk about Nigeria’s economy, the conversation usually centres on oil and gas, banking, agriculture, manufacturing and technology. But there is another industry quietly creating jobs and driving economic activity: entertainment and sports. Most times, we only see the finished product. We watch the show, cheer during the match and move on to the […]
When we talk about Nigeria’s economy, the conversation usually centres on oil and gas, banking, agriculture, manufacturing and technology. But there is another industry quietly creating jobs and driving economic activity: entertainment and sports. Most times, we only see the finished product. We watch the show, cheer during the match and move on to the next thing. What we do not always see is the amount of work that happens before those moments reach our screens.
Take Big Brother Naija
When viewers tune in and see the housemates moving around the Big Brother house, it is easy to forget that the house itself is a product of many people’s work. From the interior designers and set builders who create the spaces to the electricians, carpenters, painters and technicians who bring them to life, an entire team works behind the scenes before the first episode even begins.
Once the cameras start rolling, the list gets even longer. Producers, directors, camera operators, sound engineers, editors, stylists, makeup artists, caterers, production assistants and security personnel all have a role to play. Then there is everything that happens outside the house. Publicists, photographers, videographers, digital teams, content creators and media platforms all contribute to keeping the conversation going. The housemates may be the faces audiences remember, but they are only one part of a much bigger entertainment ecosystem.
Sports have a similar impact
When the Super Falcons play a major game, the focus is naturally on the players and what happens on the pitch. But outside the stadium, the game can mean business for viewing centres, food vendors, restaurants and bars. Sports analysts and commentators have more to cover, content creators have something new to create around and businesses selling jerseys and football merchandise get an opportunity to make sales.
A major sporting event can turn an ordinary evening into a busy one for businesses that have little to do with what happens on the pitch. That is the part of sports and entertainment that is easy to overlook. The value is not only in the stars we see or the content we consume. It is also in the network of people whose skills and businesses keep these industries moving.
And this is where DStv and GOtv become an important part of the picture. They do more than give audiences access to the shows, matches and moments they care about. They connect the people producing this content with millions of viewers who keep the industry going.
Every time someone tunes in to Big Brother Naija, follows the Super Falcons or settles in for a major sporting event, they are engaging with an industry that supports producers, creatives, technicians, businesses and other professionals.
The impact of sports and entertainment, therefore, goes beyond what happens on the screen. By bringing some of the biggest entertainment and sporting moments to Nigerian audiences, DStv and GOtv help keep this ecosystem active, visible and working. Because sometimes, when we sit down to watch, we are not just consuming entertainment. We are also supporting an industry that provides jobs.
