BusinessDay Weekender 16th Edition

SATURDAY 17, OCTOBER 2020

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©Anthill Studios

EDITION 16 I 14, NOVEMBER 2020

THE RISING VALUE OF NIGERIAN ART PART I #ENDSARS

Interview

Is it really over? The aftermath of the protest

An interview with BOSE OGULU aka Mama Burna Boy Businessday.ng

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Contents

SATURDAY 17, OCTOBER 2020 Saturday, 14 November 2020

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C O N T E N T S

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The rising value of nigeria art-part 1

ART OF THE WEEK

#ENDSARS Is it really over? The aftermath of the protest

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INTERVIEW An interview with BOSE OGULU aka Mama Burna Boy

HEALTH TODAY World diabeyies day

22 BOOK REVIEW Women and leadership: Real Life, Real Lessons

25 SKILLS Acquiring soft skills in entrepreneurship

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MUSIC Peering into the future

RECIPE Cheesy Spanish Omalette

27 ENTREPRENEURSHIP Aquiring soft skills in entrepreneurship

36 SPORTS More financial troubles for barcelona as players refuse to take paycuts

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Editorial

SATURDAY 17, OCTOBER 2020 PUBLISHER/EDITOR IN CHIEF Frank Aigbogun

Editor’s Note SATURDAY 17 OCTOBER 2020

MANAGING DIRECTOR Ogho Okiti EDITOR BUSINESSDAY Patrick Atuanya EDITOR BUSINESSDAY SATURDAY Lehlé Balde EXECUTIVE DIRECTOR, OPERATIONS Fabian Akagha EXECUTIVE DIRECTOR, STRATEGY, INNOVATION & PARTNERSHIPS Oghenevwoke Ighure

Dear Weekender family, There is light at the end of the COVID-19 tunnel in the form of great hope for vaccines as early as the end of this year, fingers crossed! So, let us stay safe by continuing to practice the recommended measures to save lives: physical distancing, wearing masks in public spaces and regular hand washing! We hope that the vaccines will be affordable and safe!

This week, Joe Biden emerged as the winner of the US elections and will be the 46th President of the United States. Kamala Harris broke the glass ceiling into pieces to become the first woman ever and the first person of Jamaican and South Asian descent to be elected Vice-President of the USA! It was overdue!

In this edition, in addition to our lead story which analyzes the profitability of Nigerian art, there will be the regular comprehensive news roundup and the story of the Delta State University students and how they outshined 100 South African and Nigerian engineers in car building competition. We also feature stories about Nigerian Air Force joining forces with China and UAE to gain technological edge over criminals; NANS determination to engage mass protest in favour of nationwide reopening of universities; PENGASSAN declaring a nationwide strike and fueling fears of fuel scarcity; CANADA granting asylum to #EndSARS protestor, DJ Switch; Nigerian celebrities being ordered to court over #EndSARS protests and much more!

Thank you for reading.

Have a restful weekend and remain safe.

BD

MANAGER, CONFERENCES & EVENTS Obiora Onyeaso CalibriMANAGER, ADVERTS Ijeoma Ude COPY SALES MANAGER Florence Kadiri DIGITAL SALES MANAGER Linda Ochugbua HEAD OF DIGITAL SERVICES Onyinyechi Eze HEAD, HUMAN RESOURCES Adeola Obisesan DESIGN AND ART DIRECTION Orasopee Communications Ltd. CONTRIBUTORS Art X Lagos Oliver Enwonwu Titilade Oyemade Glory Enyinnaya Gbenga Offor Seyi Xodus Raquel Kasham Daniel Toju Akapa Osse Sinare Monisola Adanijo FMCP Favour Olanrewaju Oluwafadekemi Areo Mercy Ayodele Anthony Nlebem PHOTO CREDIT Freepik, Google Images ENQUIRIES lehle.balde@businessday.ng samuel.anyanwu@businessday.ng ADVERTS Ijeoma Ude +2348033225506 PUBLISHED BY BusinessDay Media Limited The Brook, 6 Point Road, GRA, Apapa, Lagos, Nigeria.

01-2799100 www.businessday.ng LEGAL ADVISERS The Law Union

Lehlé Balde is the Editor of BusinessDay Weekender email: lehle.balde@businesssday.ng | social: @lehlelalumiere Businessday.ng

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News Roundup

OCTOBER SATURDAY 17, Saturday, 14 November 2020 2020

Biden emerges winner and 46th President of the United States FAVOUR OLAREWAJU

Delta State University students outshine 100 South African and Nigerian engineers in car building competition

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year old Joseph Robinette Biden Jr was officially announced as the 46th President of the United States on Saturday, November 7, 2020. This was met with mixed reactions from people as Biden surpassed his rival, Donald Trump with about 4.26 million votes in addition to raking in 290 electoral college votes while Trump only gathered 214 where 270 electoral college votes was required to win the Presidency.

While many persons fear that Biden’s win might signal bad news for the relevance of Nigeria’s crude oil, others believe that inter-country relations will

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be more democratic under his tenure.

Nonetheless, Biden will be inaugurated on January 20, 2021. As a member of the Democratic party, Biden has served as the 47 th vice president from 2009-2017 under Barrack Obama’s presidential regime, and as a U.S Senator for Delaware from 1973 to 2009. BD

Kamala Harris becomes the first woman with Black and Asian origin to be elected vice president of USA Kamala Devi Harris, an American politician and attorney was recently declared the vice president-elect of U.S alongside president-elect Joe Biden. This makes her not only the first female V.P and highestranking female elected official in U.S history, but also the first Asian and African American V.P as well as the first non-white V.P. in U.S. almost 9 decades since Charles Curtis in 1933. BD

tudents from the Federal University of Petroleum Resources Delta, defeated 100 engineers from south Africa and Nigeria to emerge the overall best in Johannesburg for building the most energy-efficient race car and designing the best Anti-theft device in Af rican competition. BD

Nigerian Air Force joins forces with China and UAE to gain technological edge over bandits

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he Nigerian Air Force is posed to have a huge technological advantage over bandits as Nigeria collaborates with China and UAE to be the only three countries globally to operate the WingLoong II Unmanned Combat Aerial Vehicle (UCAV). The UCAV has the capacity to stay airborne for 31 hours while mapping out bandits. BD

Canada Grants Asylum to #EndSARS protester, DJ Switch

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trong indications suggest that Canada has granted asylum to Obianuju Catherine Udeh, popularly known as DJ Switch, the #EndSARS protester who streamed the shooting at the Lekki Toll gate through her Instagram live. This comes after DJ Switch has been on the move as she fled many attempts on her life since the Black Tuesday, beginning from the call she received to leave the vicinity of the hospital as military men arrived there. While speak-

ing with the Sub-Committee on international Human Rights of the Standing Committee on Foreign Affairs and International Development of the Canadian parliament, she recounted her experience of the incidence that led to the deaths of several persons. In her words, “I had to abandon my home, I moved from people’s home, and then just to get out of Nigeria. I am still travelling and I am not done with my trip.” BD

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News Roundup

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Saturday, 14 November2020 2020 SATURDAY 17, OCTOBER

Petrol Price takes a hike to N168/Litre

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NANS determined to engage mass protest in favour of nationwide reopening of Universities

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he National Association of Nigerian Students (NANS) has resolved to organise a nationwide mass protest to drive home its demand for the immediate reopening of all universities across the country. This decision was agreed upon on Wednesday in Enugu after their virtual meeting on November 9 2020 as they attested that the continued strike was an organised crime again the educational and career pursuits of students.

This is in a bid to counter the non-prioritisation of education by government and efforts to avert mass drop out-rates amidst youth crime levels in Nigeria.

NANS proceeded to give a 14-day ultimatum to both parties – the Academic Staff Union of Universities (ASUU) and the Federal Government to meet their demands as the #EndASUUStrike will have economic shutdown as its major target BD

PENGASSAN declares nationwide strike, heightens fears of fuel scarcity

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n November 10 2020, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) declared a nationwide strike, heightening fears of fuel scarcity in the country. According to the PENGASSAN President, Festus Osifo, this industrial action was because the Federal Government is yet to address the many issues raised by the oil and gas workers. The union has issued a 7-day ultimatum to the government. One of the issues related to a private oil company which was accused of destroying PENGASSAN workforce structure as the company’s management “sacked literally all union executive members” and proBusinessday.ng

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ceeded to lock members out for a very long time.

Other issues involved the government’s fallout of salary payment in implementing the Integrated Payroll and Personnel Information System (IPPIS). This has affected the staff of the Petroleum Training Institute (PTI), Petroleum Products Pricing Regulatory Agency (PPPRA), Nigerian Nuclear Regulatory Authority (NNRA), and the Department of Petroleum Resources (DPR) whose allowances and arrears were seized sometime in the year. Regardless, a looming fuel scarcity implies greater pressure on the already rising transportation cost and overall inflation level upwards. BD

he Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, to N155.17 from N147.67 per litre to be effected from Friday, November 13 2020. Meanwhile, Marketers are to Sell at N168/Litre but going by previous adjustments given that the marketers are allowed to sell at a margin after taking into consideration several in-built costs, it is likely that the marketers will sell patrol at a marginally higher price. For instance, when the ex-depot price was N147.67, marketers sold at between N154 and N161/litre. The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi noted that "We are expecting the pump price to range from N168 to N170 per litre." BD

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CBN receives order to freeze bank accounts of 20 #EndSARS sponsors

Nigerian Celebrities charged to court over #EndSARS protests

he Central Bank of Nigeria (CBN) has been given the go ahead by Justice Ahmed Mohammed of the federal high court in Abuja to freeze bank accounts of 19 individuals and a public affairs company linked to the #EndSARS protests for 180 days till January pending the outcome of investigations by CBN. The court order was addressed to the head offices of Access, Fidelity, First Bank of Nigeria, Guaranty Trust Bank, United Bank of Africa and Zenith Bank. This is amidst alleged claims that a member of the Feminist Coalition had her international passport seized for being at the forefront of the #EndSARS protest through offering legal aid as a lawyer to persons arrested during the protest. However, the Nigeria Immigration Service (NIS) insists that the passport of Modupe Odele, an #EndSARS advocate was not seized because of the campaign but as part of a routine border assignment. Although the federal government has been accused of generating a ‘no fly list’ of #EndSARS promoters, it has denied this claim. BD

his week, 38 celebrities have been arrayed with court documents by a self-acclaimed Human rights lawyer by the name of Kenechukwu Okeke for promoting the #EndSARS protest. This list includes Aisha Yesufu, Sam Adeyemi, Peter & Paul Okoye, Kanu Nwankwo, Dr. Joe Abah, Bankole Wellington (or Banky W), Kiki Mordi, Uche Jombo Rodrigues, Tiwa Savage, Folarin Falana, David Adeleke, Innocent Idibia, Yul Edochie, among many others. BD

Actress Rahama Sadau dragged online for blasphemy linked to her racy photos

The highly anticipated ‘Rattlesnake: The Ahanna Story’ is out as Falz releases new video ‘Johnny’ in support of #EndSARS

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ctress Rahama Sadau was recently dragged on social media for blasphemy incited by some of her followers against Prophet Muhammad for wearing a back-revealing dress, and many have expressed their concerns over possible death sentence by the Sharia Court in Kaduna. However, after taking down the photo, Rahama has responded by expressly stating her displeasure over the extent to which an innocent picture was bashed.This is not the first time that we have heard of people being taken to court, imprisoned and sentenced to death for their beliefs. Individuals like Yahaya Aminu Sharif was sentenced to death by the Sharia Court in Kano for sharing a song on WhatsApp that praised an Imam allegedly above the Prophet Muhammad. Also, a 10-year old Omar Farouq was sentenced to 10-years imprisonment with menial labour for blasphemy at the expense of violating the African Charter of Rights and Welfare of a Child, and the Nigerian constitution BD

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he highly anticipated movie, “Rattlesnake: the Ahanna Story” featuring Bisola Aiyeola, Chioma Chukwuka-Akpotha, Real Warri Pikin, Nengi Hampson, and Temi Otedola among several other superstars finally premiered on November 11, 2020 as its blockbuster has been on everyone’s lips for the past few weeks.

This is happening almost simultaneously with the official video release of ‘Johnny’, a song from the 2019 album “Moral Instruction” by Folarin Falana, widely known as Falz. This move by the popular lawyer, rapper and activist is an indication that Falz is not backing out from the fight against police brutality, this time through his music. BD

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Laughter in the Mirror

SATURDAY, 14 NOVEMBER 2020

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THE RISING VALUE OF NIGERIAN ART-PART I OLIVIER ENWONWU

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Lead Story

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i gerian art continues to gain global attention and command staggering fees on the domestic and international markets. In this two-part series, I shall provide a deeper understanding of this phenomenon, which possibly draws its largest influence from a growing indigenous secondary art market.

This development comes against the backdrop of; an increasing representation of artists by professionally-run galleries specialising in art from the African continent; more appearances by Nigerian artists at major fairs, biennales and festivals, all over the world, more artists studying at prestigious international institutions; and critical text, well distributed to new audiences through alternative channels including social media.

Arguably, the secondary market in Nigeria emerged with the first formal auction themed ‘When the Hammer Falls’, organised by Nimbus Art Gallery in 1999 at the MUSON Centre in Lagos. Presently, Arthouse Contemporary remains the clear leader in a market that includes the Lagos Auction by Terra Kulture and Mydrim galleries, as well as SOGAL by Signature Art Gallery. Set in June of 2008, Arthouse holds the record for the highest-selling work on the local market with N40 million for a painting, ‘Negritude’ by renowned Nigerian artist, Ben Enwonwu MBE. The success of the local secondary market has in turn influenced very strongly the international market for Nigerian and African art. The result is that international auction houses like Sotheby’s, Bonhams, and PIASA now devote entire sales to modern and contemporary art from the African continent. In recent times, Christie’s and Phillips de Pury have also joined the fray.

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In 1946, Enwonwu was already exhibiting with the likes of Picasso in Glasgow. By 1950, TIME Magazine had already hailed him as ‘Africa’s greatest artist’ and in 1957, he was commissioned to sculpt a bronze portrait of Queen Elizabeth II, the sittings beginning at Buckingham Palace. He still enjoys a fine reputation today as the most influential African artist of the 20th century with his highest selling work to date, ‘Tutu’ setting a record of $1.67 million in 2018 at Bonhams.

However, this figure pales in comparison to previous records set by arguably less influential modern and contemporary African artists. For example, Marlene Dumas’ ‘The Visitor’ sold for $6.3 million (Sotheby’s July 2008), Julie Mehretu’s ‘Black Ground Deep (Deep Light)’ went for $5.6 million (Sotheby’s, 2019), Irma Stern's ‘Arab Priest’ achieved $4.95 million (2011) and Njideka Akunyili Crosby’s ‘Bush Babies’ sold for $3.4 million (Sotheby’s, 2018) to make her the highest-selling Nigerian artist of all time.

These anomalies raise pertinent questions that we must seek answers to, the most significant being: • Why are works by modern and contemporary artists from South Africa considered higher in value than those by other artists from Sub-Saharan Africa?

• Why is work by a much younger Njideka AkunyiliCrosby more expensive than that by the revered Ben Enwonwu?

Perhaps as expert Katrin Schmitter asserts, a network of museums, galleries, exhibitions, customers, audiences, patrons,

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Š EC Okoigun

The visitor 1995 Oil on canvas 180 x 300cm

and critics, dependent on specific socio-economic and demographic backgrounds is not easily developed in most Black African countries. This assertion gains weight when one considers that South Africa boasts of one of the most sophisticated art scenes on the African continent. In addition, contemporary artists benefit from advancements in technology including the Internet that makes their work more accessible to a global audience. Arguably, artists living and working in this environment, as well as African artists practicing in the West enjoy the exposure and support that enable their careers.

In the concluding part of this series, we will engage these questions in more depth, as well as other existing concerns.

Please stay tuned. BD

Ben Enwonwu Tutu 1974 oil on canvas 97 x 66.5cm Businessday.ng Businessday.ng

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Lead Story

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© EC Okoigun

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Irma Stern Arab Priest 1945 oil on canvas 97 x 86cm Businessday.ng

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Gbenga Offo. Lovers II. 58 x 41 inches. Acrylic on canvas.

2019 Courtesy Bloom Art Lagos Businessday.ng

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IS IT REALLY OVER ? THE AFTERMATH OF THE PROTESTS OLUWAMAYOMIKUN DEJI-OMOTAYO

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n the words of Ama Ata Aidoo, a former Ghanaian minister , author and academic , in her expression against oppression by the colonizers, when asked “but don’t you think that this is over now?” , responded, “over where? Is it over?”

So to those who shamed people seeking a better country, those who told the “Liberation Generation” to be quiet, saying it was over ; responding to their “Soro soke”(speak up) with a vile “Gbenu dake” (keep quiet/ shut up); to them, the question now is “over where? Is it over?”

It has been exactly 25 days since the shooting at the Lekki toll gate, 25 days since the Lagos protests “ended” but even after that, protesters in other states of the country continued to speak up.

One might think that after the pain and sombreness that engulfed the nation following the events of 20.10.20 and the initial blatant denials and later, condemnation of the military actions of that night; something substantial might come out of it. But what have we really gotten out of it ? Nothing but chaos Businessday.ng

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and more unanswered questions.

The expressions of the Nigerian government system appear to be throwing a tantrum.

The volume of talks of fixing the system seems to have been lowered significantly and now, with the vigour that was expected to be applied in attending to the peaceful protesters concerns; the Nigerian government and pro-government allies are going after End SARS protesters; holding them responsible for the anarchy that ensued, leaving in its wake, senseless destruction.

KeneChukwu Okeke, a lawyer who also identifies as a human rights activist has initiated criminal proceedings against about 38 End SARS protesters, calling them “riot promoters”.

Some of the protesters he has sued include Falz, Feyikemi Abudu, Sam Adeyemi and Aisha Yesufu. He has pledged to “pursue this matter diligently and impassively to ensure that maximum punishments are meted to the alleged promoters of #EndSARS riots in accordance with the laws of the land”.

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The bank accounts of 20 active participants in the protests have been frozen by the Central Bank with little substantial justification.

The government has decided to punish peaceful protesters by adopting a range of punitive tactics ranging from freezing bank accounts, to arbitrary arrests and seizing travel documents.

Modupe Odele, popularly known as “Moe/ Mochievous� on social media, a lawyer who provided pro bono legal aid to people arrested during the protests; just had her passport returned to her 4 days ago, after it was seized by the Nigeria Immigration Service (NIS) for a week without explanation; resulting in her forfeiting travel plans.

People involved with the protests in any capacity are being taken away from their homes, arrested and being accused of being responsible for violent crimes. From WhatsApp groupchat administrators such as Fisayo Aderemi and Babawale Popoola in Osun state to Eromosele Adene, an artist in Lagos state , people who lent their voices, time and skills to the movement against police brutality and bad governance are being tar-

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geted and punished.

Amidst all this, there are still reports of people being harassed by law enforcement.

So is it over ?

Nigerians have refused to stay quiet; the continued violation of human rights is maddening. A petition to sanction Nigerian leaders for human rights violations, which garnered over 200,000 signatures has caught the attention of the UK government; however, they await results of the investigations by the Nigerian government.

Who ordered the shooting at the Lekki toll gate?

Why has the brutality not stopped?

What are the police saying?

Where is the video footage from the toll gate DURING

the shootings?

What next? Where do we go from here?

So many questions post protest. Nigerians are looking for answers and are readier than ever to demand these answers and create some of their own. BD

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ART X LAGOS ANNOUNCES NEW 2020 DATES & PROGRAM WEST AFRICA’S PREMIER INTERNATIONAL ART FAIR WILL NOW TAKE PLACE ONLINE FROM 2-9 DECEMBER 2020

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© EC Okoigun

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ART X LAGOS

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Coast) and OOA Gallery (Spain).

The artworks will be displayed on the soon to be relaunched website, ARTXLAGOS.COM, which has been designed as a dynamic digital platform to recreate the breadth and diversity of the fair virtually for a global audience.

ART X Lagos will also present a landmark project capturing the critical movement for change in Nigeria, New Nigeria Studios, which was birthed from the documentation of the recent protests in Nigeria. The exhibition will feature artists that were recipients of the fair’s support initiative for 100 photographers who worked at the frontlines.

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RT X Collective has announced that the fifth edition of ART X Lagos, West Africa’s premier international art fair, will now take place online from 2nd to 9th December 2020.

Themed ‘Present States, Shared Futures’ the fair will seek to proffer new ideas on how our global and national communities can move forward, assuredly, despite the challenges in our midst.

Tokini Peterside, Founder & CEO of ART X Collective, said: “With the whirlwind of protests that have swept across Nigeria, the ongoing pandemic being experienced around the world, and the global reckoning with centuries of inequality and violence against black bodies, 2020 has been a year of awakening. We feel privileged to be able to present the fifth edition of ART X Lagos. We share a vision for Nigeria’s future in which everyone can realise their fullest potential, and remain committed to providing platforms for expression, upliftment and inspiration.”

ART X Talks will return with a series of poignant virtual conversations with panelists including Lemi Ghariokwu, Folarin ‘Falz’ Falana, Kelechi Amadi Obi, Yagazie Emezi, Lola Ogunnaike and more, while ART X Live! will present ‘Like Someone’s Watching’ - a performance film starring Nigeria’s fastest rising music and art talent Oxlade, Tomi Owo, Jesse Uranta and DJ Camron, speaking to their aspirations for liberation and self-determination in this present moment.

ART X Review, will present ‘The Wrap Up’, a conversation for young artists with acclaimed international artist, Njideka Akunyili-Crosby, speaking to the growth, place and potential of the artist in today’s world.

The program assembled for ART X Lagos’ fifth anniversary fair is an important part of its response to the challenges and opportunities presented by the events of 2020. All events are free and registration will open online shortly. Additional detailed information on programming will be announced in the coming days. happening in any way you can. BD

For the first time, ART X Lagos will be anchored by an online exhibition of 200 artworks from leading galleries across Africa and the Diaspora, who are all united in their commitment to champion African creative expression. The presenting galleries are: Bloom Art Lagos (Nigeria), kó (Nigeria; formerly Arthouse-The Space), Nike Art Gallery (Nigeria), Ed Cross Fine Art (UK), Galerie MAM (Cameroon), Nubuke Foundation (Ghana), LouiSimone Guirandou Gallery (Ivory Coast), SMO Contemporary Art (Nigeria), Galerie Cécile Fakhoury (Ivory Businessday.ng

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Book Review

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Book Title: women and leadership: Real Life, Real Lessons Author: Julia Gillard & Ngozi Okonjo Iweala Publisher: Transworld Year of Publication: 2020 Number of Pages: 326 Category: Leadership

Life Lessons for Women who want to Lead A Review of Julia Gillard and Ngozi Okonjo-Iweala’s Women and Leadership

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TITILADE OYEMADE

n many spheres of human existence, women across the world have been known to stand out as effective leaders. Yet they continue to be greatly outnumbered in decision-making in businesses and politics.

Being a female leader in largely patriarchal societies is riddled with challenges – some of which can be said to be the most impinging. In their book, Women and Leadership, Australia’s first woman Prime Minister, Julia Gillard, and Nigeria’s former Finance Minister, Ngozi Okonjo Iweala highlight eight of these important issues essential to women who aspire to be leaders.

Frontal about the gender inequality problems confronting women, the book reels out some shocking and unsettling statistics about women in leadership, gender barriers and makes a call to action for equality in leadership, regardless of gender.

This inspiring book poses an important question – Why are few women under-represented at the top levels of politics?

Gillard and Okonjo-Iweala use research findings, questions and tests eight hypotheses on some high-profile women leaders across the world.

Eight engaging stories about eight top women authenticate the book’s priceless worth: Jacinda Ardern, Prime Minister of New Zealand; Hillary Clinton, former US presidential candidate and secretary of state; Ellen Johnson Sirleaf, former President of Liberia; Theresa May, former Prime Minister of the United Kingdom; Michelle Bachelet, former President of Chile; Joyce Banda, former President of Malawi; Erna Solberg, Prime Minister of Norway; and Christine Lagarde, French Politician and President of the European Central Bank. The women share the biggest challenges they faced or are currently facing in power.

Within its pages, conversations are started with the women about family management and work life, networking, appearance, sexism and more. Ultimately, Gillard and Okonjo-Iweala offer some general insights on achieving equality in leadership based on their wide experience in political and economic leadership as well as various non-for profits.

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about how women leaders are judged for their reproductive choices by the media and how some men are misinformed.

Good news: It is not a book of lamentations – the authors proffer solutions.

It is important to keep in mind that the fight over sexism isn’t going away anytime soon and reminding yourself why you want to be a leader, and motivating women to realise their full potentials.

The standout lesson for me from the book: ‘Be aware, not beware.’ The book encourages readers not to be discouraged in taking leadership positions. Done with tact, the authors admit to not having all the answers, but they emphasise that they want to inspire women to pursue politics and other leadership opporunities.

Women and Leadership is an enjoyable and useful text for women considering a future in political or business leadership.

BD

oyemade is a business execute in a leading organisation and holds a degree

in Russian Language. She’s the convener of the Hangoutwithtee Ladies Event and the publisher of Hangoutwithtee magazine. She spends her weekends attending women conferences, events and book readings. She loves to have fun and to help other women have the same in their lives.

Email: titi.oyemade@gmail.com Social: @tiipree

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24 Health 2020 Today

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DR MONISOLA ADANIJO

Today is World diabetes Day!!

Every year, November 14th is celebrated as World Diabetes Day. Diabetes is a disease in which the body’s ability to produce or utilize the hormone insulin is impaired, resulting in abnormal metabolism of carbohydrates and elevated levels of glucose in the blood. Symptoms often include frequent urination, increased thirst, and increased appetite. If left untreated, diabetes can cause many complications, which include cardiovascular disease, stroke, chronic kidney disease, foot ulcers which may lead to limb amputation, damage to the nerves as well as blindness.

As of 2019, an estimated 463 million people had diabetes worldwide (8.8% of the adult population).

There are three main types of diabetes mellitus: • Type 1 diabetes results from the body’s failure to produce enough insulin. Children and younger people are more prone to type 1 diabetes. They must be managed with insulin injections, as the main problem is the reduced insulin levels in the body.

• Type 2 diabetes begins with insulin resistance, a condition in which cells in the body fail to respond to insulin properly. Type 2 diabetes is more commonly seen in people who are in their mid-age and also in senior citizens. Prevention and treatment of type 2 diabetes involves maintaining a healthy diet, regular physical exercise, a normal body weight, and avoiding use of tobacco. This is more common than type 1 diabetes and patients may be treated with oral tablets with or without insulin. Control of blood pressure and maintaining proper foot and eye care are very important.

• Gestational diabetes occurs when pregnant women without a previous history of diabetes develop high blood sugar levels, and it usually resolves after the birth of the baby.

World diabetes day is celebrated to help spread awareness of this disease amongst the global community.

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History The first-ever World Diabetes Day was celebrated on November 14th, 1991, to coincide with the birthday of Sir Frederick Banting (who, along with Charles Best discovered insulin in the year 1922).

The International Diabetes Foundation (IDF) collaborated with the World Health Organization (WHO) to mark the first-ever international celebration. The IDF started the promotions for this day owing to medical concerns regarding the increasing cases of Diabetes Mellitus worldwide.

The theme for World Diabetes Day 2020 is The Nurse and Diabetes.

The campaign aims to raise awareness around the crucial role that nurses play in supporting people living with diabetes. Nurses currently account for over half of the global health workforce; and as the number of people with diabetes continues to rise across the world, the role of nurses and other health professional support staff becomes increasingly important in managing the impact of the condition. They do outstanding work to support people who either live with diabetes or are at risk of developing the condition, through education on the disease condition, complications, and on the importance of medication use. They play a key role in demonstrating and teaching patients on the appropriate technique of insulin administration, as well as ensuring the patients are following dietary recommendations.

There remains a significant need for more education and funding to equip nurses around the world with the skills to support people living with diabetes and those at risk of developing type 2 diabetes.

Healthcare providers and governments must therefore recognize the importance of investing in education and training. With the right expertise, nurses can make the difference for people affected by diabetes.

How can you celebrate World Diabetes Day? • Organize a diabetes information session for residents in your Businessday.ng

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community or people in your work place • Exercise in blue outfit • Check your blood sugar/HbA1c to assess your potential risk of type 2 diabetes

should be taking medicine they don’t know the name. Will you put any random oil inside your car? (palm oil, vegetable oil… after all they are all oil!)

Like other lifestyle diseases, diabetes is best detected early through routine screening, and best managed early, before complications develop.

Sometimes the GP can treat your illness and you won’t need a referral. Other times you need to see a specialist. Either way, when you are with your doctor, it’s important to know what his/her specialty is to ensure you are seeing the right doctor.

4. How does it work?

After you have been told the name of the drug, it’s important to know how it works. Example some hypertension drugs work by making you urinate a lot.

It important you ask so when you get home and you start going to the toilet more often, you won’t be alarmed.

3. What is the name of the drug are you giving me?

It important you know exactly what drug is being prescribed by your doctor.

This will help if you are seeing another medical practitioner or if problems like side effects or allergies occur. Nobody

5. What are the side effects?

Drugs have multiple side effects, some are major, some are minor. Your doctor should tell you the major side effect of any drug he is prescribing. Although the pitfall of this is that some patients, once they learn the side effects of medication, the attribute all their problems following the use of the drug to “side effects”.

6. Do I need to see a specialist?

This is a very important question. There are many illnesses that are outside the scope of your regular doctor. Even specialists refer to other specialists.

Sometimes, patients don’t understand why they have to see another specialist after seeing me, but I have to explain to them… I am a heart doctor, I have minimal knowledge of pediatrics, gynecology, prostate issues, brain or kidney... the list is endless!

7. What are these tests supposed to show?

When you are sent for investigations, please ask about what he doctor hopes to find in the results, that will also help you understand your illness better.

I hope these tips were useful, please remember you are responsible for your health, always ask questions. BD

dr adanijo fmcp a Cardiologist and the Medical Director at Naveen Healthcare.

With experience spanning over 20 years, she built her pathway in medicine and cardiology working in reputable medical centres such as Mecure Healthcare Limited, Barnes Hospital, Lagos University Teaching Hospital, University College Hospital, Ibadan, Chevron Hospital, Lagos to mention but a few. Her passion for preventive cardiology led her to convene the Naveen Healthcare 10,000 Hearts Project, in order to help individuals detect, protect and correct cardiovascular diseases. Skilled in cardiovascular diagnostic procedures and treatment, a fellow of the National Postgraduate Medical College of Nigeria, a member of Nigerian Cardiac Society, American College of Physicians, Hypertension society of Nigeria and an international associate of the American College of Cardiology. She also has a Diploma in Leadership and Management from the University of Washington, USA. As a Continuous Medical Education (CME) provider, she has worked with the likes of Trigen Healthcare Solutions, Pfizer GP Academy, Diamond Helix Medical Assistance, Pfizer Pharmacy Academy, Global Health Project and Resources, Sanofi-Aventis Nigeria, Novartis Nigeria and Servier International. She has helped build capacity in Electrocardiogram interpretation, preventive cardiovascular diseases, management of heart failure, patient education and more. She launched the first TeleElectrocardiogram project in Nigeria and West Africa and does her part in contributing to good health and wellbeing, a Sustainable Development Goal (SDG3) of the United Nations. moni.adanijo@naveenhealthcare.com I www.naveenhealthcare.com I Instagram: https://Instagram.com/moni_adanijo I https://Instagram.com/naveenhealthcare I Linkedin: Monisola Adanijo

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An interview with BOSE OGULU aka Mama Burna Boy Businessday.ng

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Interview

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1. How does it feel to be right and be able to say I told you so looking back at Burna’s career?

Answer: It is fulfilling, challenging, and constantly keeps me on my toes.

Answer: I’m not sure it’s about being right and being wrong. It’s about being shown to be competent and having labor and sacrifice that has paid off. BurnaBoy has put in hard work consistently and I don’t think “I told you so” is what you say to him.

9. For you, does the grammy change things in terms of the international perspective about African music?

2. Is/are there things that may have happened that looking back makes it full circle? (meaning back then it didn’t make sense but right now you understand. Why certain things need to happen the way they did.)

Answer: There are many instances and the first one that comes to mind will be that in 2008, BurnaBoy’s father and I sent him to the UK for his University education, and at the end of two years, 2010, it was a headache that he clearly wasn’t interested in school and we thought to ourselves that it was a waste of two years and a waste of resources but the minute he made it clear that music was what he wanted to do, I saw a lifeline and those two years have been very defining. There isn’t a certificate to show for the two years he spent at the university, but I don’t think he will be the same person that he is today if he didn’t do those two years in the university in the UK. Full circle, today I’m thankful that those school fees were paid and I see clearly that they were not wasted.

3. Why PH and not Lagos to raise the family?

Answer: I married a man who lives in PH, so I moved to PH. But in retrospect, it was a better place to raise my children because it was more peaceful and it was indeed the garden city at that time.

4. When you went to university did you ever think you will be doing what you are currently doing? And what did you study at the time?

Answer: Not really, I studied Foreign languages with French as my major (Bachelor of Arts), and then I studied translation French-English (Master of Arts).

5. Where did you grow up?

Answer: From the angle of the Grammys being the highest award body for music in the world, it will be foolhardy to say that the Grammys are not the most important awards to be given to a musician. However, in the instance of African music that has been tagged as world music, there are a lot of nuances, confusion, and we find that African music has been dropped in a potpourri of elements that are not alike, cannot be judged objectively in any way, shape or form. Within the category that African music is in, there is a bit of a mess. But, I think the Grammys are definitely the highest accolades that you can give a musician in the world.

10. With Africa growing a more diverse palette of music, do you think we would ever be recognized internationally for more than Afrobeats?

Answer: African music has been recognized to a certain degree before this time. The international community knew about Miriam Makeba, Manu Dibango, and a few of the other old veterans and they were not playing Afrobeats in any way, shape, or form. Afrobeats was introduced by Fela Kuti and he did his rounds in the international circuit and brought it home to them. I believe that the international community is aware of more than Afrobeat as African music. However, in recent times the other types of African music seem to have taken the back burner for diverse reasons, and as such, the Afrobeats artists seem to be the ones at the forefront. I don’t think it means or suggests in any way that that is the only way African music will be perceived. It will be a tragedy if it is because African music is rich, diverse, and different. It is what unifies us. It is authentic and it is music for a purpose.

11. Burna has always tried to use his music as a form of protest against governance. How effectual is protest music in this day and time where the shelf life of a song is heavily reduced?

Answer: No.

Answer: I think music like everything else has a longer shelf life if it is timeless; if it is something you can bring out and use or look at. In the case of music, when music is timeless and you can listen to it time and time again, then you do not have to worry about shelf life. Protest music is music with a message.

I’m not sure that Burna set out to say “I want to write protest music”. I think it comes from you taking your music as an expression of your reality, environment, purpose, and it comes from having a sense of responsibility to expressing that purpose; sometimes only to relieve yourself of the burden. When that purpose aligns with people who are living the same reality, the music becomes useful. In this case, if it is protest music it becomes useful for a lot of reasons and because it is useful, the shelf life cannot be determined.

8. What’s it like being the mother of three different creatives and sharing your time between each one's career?

12. Personally, what are the metrics for measuring artists’ success?

Answer: I grew up in Lagos.

6. Who is motivating or inspiring you currently and why?

Answer: GOD and my father, Benson Idonije. My father is the best parent I know and he has managed to live according to the values he taught and still believes in.

7. Did you ever try to influence the type of music Burna Boy made?

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Answer: In business terms, it will be in terms of streams, sales,

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how many plaques. Personally, I think it is about the impact the artist’s music makes on the people that listen to it. It is the ability to hear music and identify whose music it is. It is to have someone say what music he/she listens to when sad, happy, victorious, or when there’s a need to protest. When your name as an artist comes up again and again, on many people’s lips and your song appears on many people’s playlist; not as an accident, or because it is placed there but because they have consciously looked for it to serve a purpose in their lives, that for me is a measure of the artist’s success.

13. You manage one of the biggest artists out of Africa at the moment, what's it like balancing this with your other personal interests?

Answer: Managing Burnaboy, at the moment, there’s very little balance. At the moment, it takes over my time and my life. The time that is left is used to manage Nissi and to run Spaceship Collective with the other artists and producers on it. My personal life is probably non-existent.

14. What the plan for Spaceship Records and what role signature will spaceship have on music and pop culture?

Answer: The plan for Spaceship Collective which is one body that covers the record side and publishing side is to grow it into signing more artists and producers. Our focus, honestly, will be on artists and producers of African descent but we will go outside that so that we can build a bridge to empower our own.

Our real purpose for the publishing side is to see that a lot of African music catalog is owned by an African who will in turn at some point see to it that the catalog is kept within our continent. Doing that will preserve our music, history, and give us Businessday.ng

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freedom of expression through our music while still keeping the authenticity of the sound. I hope that our role would be that we clearly have a knack for finding, identifying, and developing talents. We hope we will continue to do this. We have managed to set up machinery over the years that have become practiced and experienced in developing and taking good talents over the world; the idea is to continue to identify such talents and to put them on the machinery and see to it that they do get across the world on their own terms with their own flavors.

15. What songs are on your playlist apart from Burnaboy and Nissi?

Answer: On my playlist, I would probably have Kassav by a group from Guadeloupe, Fela Kuti, Anita Baker, Wizkid, Kiss Daniel, 2Baba, Buju, Fireboy, Niniola, Youssou N'Dour, Angélique Kidjo, Salifu Keita, in addition to 80s music.

16. How important is “relationship” In the music business?

Answer: Relationship is important in the music business as it is important in every business and in every aspect of social interaction. right to education and our ability to come together to build the country and continent of our dreams. One where there was hope for everyone and every young person is able to fully maximize their potential.

It must have been tedious, what are some of the negative/ not-so-pleasing experiences you have faced since the start of Slum2School?

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Every place of service and transformation comes with its share of challenges especially for Organizations like ours. There are numerous challenges from communities, government and even families.

Of course there are stereotypes about the true intentions of our operations as some people think we do it for political goals or personal gains, but through the years, our commitment and transparent processes, the immense impact stories from beneficiaries and communities, have shown stakeholders the realities of our core values of accountability and transformation.

Slum2School was founded in 2012, it’s been over 8 years what has been your greatest achievement?

tion policies and access to quality education for every child. We would have more volunteer engagements, improve on our modes of operation so that there are more Slum2School replications around the world. We would also be able to touch more lives

My greatest achievement is the collective impact we are able to create as an Organization. We have an incredible Governing Board, thousands of volunteers across 35 countries, community leaders, hundreds of partners, numerous supporters, an incredible team of passionate and talented staff and most importantly incredibly successful beneficiaries across primary, secondary and tertiary institutions, who continue to drive our mission to ensure hope for every child through access to quality education and necessary education policy reform.

Congratulations on the Prudential Zenith Award Grant, well-deserved. How has the grant improved the Virtual Learning Program?

Thank you. The Prudential Zenith award grant of $100,000 was a very good pat on our back as we had put in so much effort during the Covid-19 lockdown ensuring that our learners were not idle but continuously learning. We went above and beyond importing digital devices and also building the first Virtual Learning Classroom/Studio in Africa, so this grant came at the very right time and has emphasized the power of impact and partnership. Through it we have been able to provide educational tablets, data subscriptions for the beneficiaries. We are also reaching more beneficiaries and communities and we are much closer to our goal of 10,000 beneficiaries.

Tell us more about Slum2School Virtual Learning Studio?

The Slum2School Virtual Learning Studio is a state- of-the-art facility that enables hundreds of learners stay connected and to be taught by their tutors, mentors, counsellors, etc. Using high end 21st century technology. Despite the lockdown, beneficiaries in underserved communities continued learning. Even after the lockdown, it is still very useful in ways that kids can still learn both in and out of school.

Thanks to our partners at ESPN, Athletia Captial, Eat’N’Go, Microsoft, Prudential Zenith and more, we have been able to provide educational tablets and laptops for beneficiaries of the program. They are able to learn subjects from the traditional curriculum and advanced science and art courses as well. Having on boarded 1050 beneficiaries to the platform, our goal is to on board 10,000 children who are still out of school through our Virtual Learning Classroom and Cluster Learning Program.

What are your future projections for Slum2School Africa?

Slum2School Africa would expand geographically within Nigeria, outside Nigeria to Africa and to address the challenge of educaBusinessday.ng

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around the world. We hope to see a time where Slum2School would have evolved to something bigger because together, we would have successfully tackled the challenge of out-of-schoolchildren in Nigeria and Africa.

Nigeria’s Educational sector is experiencing gradual improvement, what are some of the changes you have noticed?

Some of the improvements I have noticed are: The government of some states are more committed and involved in the educational sector in recent years by appointing the right individuals and initiating important policies; more policy makers, NGOs, private individuals, corporate organizations are investing in education; technology is beginning to take a front seat in delivery of education and more states are getting involved; improved policy/reforms towards education; and strengthened private-public partnerships.

But in all these we need to do much more as we are just harnessing less than 20% of our potential as a nation.

What does being Nigerian mean to you?

Being a Nigerian means being a part of one of the world’s greatest human resources. We are going to be a positive force for the world to reckon with and our generation will make that happen.

A word of advice to young aspiring educators like you?

Invest in your passion and your call to service. Seek and promote collaborative partnerships. Do not stop believing in Nigeria even as we face our fears and are continually led by our convictions. Love one another equally without prejudice based on tribe, gender or religion, and in all you do, never give up. BD

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BRIDGING THE SKILLS GAP THROUGH VOLUNTEERING RAQUEL KASHAM DANIEL

O

ne of the greatest challenges facing the Nigerian economy is unemployment, which has maintained a rising trend over the years.

In a recently released unemployment data report published by the National Bureau of Statistics, it was stated that Nigeria’s unemployment and underemployment rate at Q2 2020 is at 55.7% combined.

Several factors may be responsible for this predominance of youth unemployment in Nigeria, including, deficient school curricula and poor teacher training which isn’t preparing students with the appropriate skills to make them employable. Young people are caught in a viscous cycle, besides not having the right skills to get the available jobs, most employers required work experience from fresh graduates. With this comes in the problem of skills gap.

The World Economic Forum in 2015 (WEF) defines the “skills gap” as the space between skills job seekers currently have and the skills employers are seeking.

The skills gap is a complex problem that requires attention not just in Nigeria but in many developing countries and the number of young people especially fresh graduates who are affected by unemployment due to a lack of both

hard and soft skills are increasing daily. To bridge this growing gulf between the skills young need and the available job vacancies, we will need an unconventional approach: this is where volunteering comes in.

What, though, does volunteering mean? According to Wikipedia, “Volunteering is a voluntary act of an individual or group freely giving time and labour for community service.” I like to define volunteering as the act of giving the gift of your time to a cause.

After over a decade working in the nonprofit space in Nigeria, I have seen firsthand how volunteer work broadens and deepens experiences of volunteers, providing them skill development in a way that is often not possible or available to them elsewhere, and even though some people still see volunteering as a pass-time, this can be redefined.

The difference with fresh graduates who were active volunteers on campus with organizations such as AIESEC, ENACTUS, Junior Chambers International (JCI) etc and those who are not, is clear. In my experience, volunteering with these organizations on campus enhances the personal skillset, attitudes and knowledge of their members that can potentially help them in the labour market.

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Volunteering helps young people become competent, develop skills which prepare them for life and work, build their confidence, widens their social circle, and helps them creates broader network of contacts that could be beneficial later in life. Among everything else that volunteering can offer, it’s an amazing way to prepare young people for work opportunities in the future and this can bridge the skills gaps.

With the unemployment and unemployment rate in Nigeria at 55.7%, young people are desperately looking for jobs, particularly recent graduates, and knowing many employers don’t train anymore, the experience and skills gained from volunteering with nonprofits can be invaluable.

Graduates who volunteer actively while job searching can develop soft skills such as presentation, team building, goal setting, problem solving and adaptability, while trying out new things in a relatively risk-free environment.

Since volunteering is, well, voluntary, employers and recruiters tend to see it as a sign that the candidate is motivated and takes initiative. Without the compensation of wages, volunteering indicates personal motivation to contribute to the lives of others.

Volunteering is not the only solutions to solving the unemployment crisis, but an approach that has worked over the years. It will not end the crisis, but is a step especially for anyone without work experience and skills.

- Raquel Kasham Daniel Raquel is a community mobilizer and development strategist with over a decade of experience working in marginalized communities in Nigeria focusing on education for children and sexual & reproductive health for adolescent girls.

She is the founder of Beyond the Classroom Foundation, author of “Flow: A Girl’s Guide to Menstruation” and “There’s a New Virus in Town: A Corona Awareness Book for Children”.

She has a Bachelor’s degree in Education from the University of Lagos, and also obtained a Certificate from the Enterprise Development Centre of Pan Atlantic University in Social Sector Management as a Coca-Cola Scholar. Her passion for volunteerism led to start Nzuriaiki; a platform that showcases volunteer opportunities in Nigeria. In her free time, Raquel loves reading, spending time with family, travelling, and chasing after new adventures.

BD

R aquel

is a community mobilizer and development strategist with over

N igeria & reproductive health for adolescent girls. She is the founder of Beyond the Classroom Foundation, author of “Flow: A Girl’s Guide to Menstruation” and “There’s a New Virus in Town: A Corona Awareness Book for Children”. a decade of experience working in marginalized communities in focusing on education for children and sexual

She has a Bachelor’s degree in Education from the University of Lagos, and also obtained a C ertificate from the E nterprise D evelopment C entre of Pan Atlantic University in Social Sector Management as a Coca-C ola Scholar. Her passion for volunteerism led to start Nzuriaiki; a platform that showcases volunteer opportunities in Nigeria. In her free time, Raquel loves reading, spending time with family, travelling, and chasing after new adventures.

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Entrepreneurship

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more you know, the more you dare.’’

You need to develop an insatiable thirst for knowledge and a curiosity about the latest developments in science, technology, economics and business.

Breakthrough ideas are often to be found between the pages of business books, magazines and in business schools.

Subscribe to books, magazines and websites that will keep you abreast of developments in technology, economics and business practice

ACQUIRING SOFT SKILLS IN ENTREPRENEURSHIP WEYINMI ERIBO

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he four soft skills every entrepreneur should master include: Keeping abreast of innovative trends and ideas Setting and achieving goals Effective communication Negotiation and interpersonal relations Keep abreast of innovative ideas and

new trends “If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.

—John D. Rockefeller, industrialist, cofounder of Standard Oil Co., and philanthropist” I was looking through the brochure of a prestigious European business school when I spied the phrase ‘’The

Commit to attending one executive education course or conference every year. Join a professional association.

Attend breakfast meetings, webinars or learning events organized by your alma mater.

As an entrepreneur, you should always be on the hunt for the next pearl of wisdom that could transform your business model and your fortunes.

Create a goal setting system and train yourself to keep score “If you want to be happy, set a goal that commands your thoughts, liberates your energy, and inspires your hopes.

—Andrew Carnegie, steel industrialist”

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will also need to develop better cross-cultural anticipation and flexibility when you face a negotiation both key skills in an international environment. Finally you will need to choose and lead a mediation process.

You’ll gain a deeper understanding of workplace and international conflict resolution.

A good negotiation course will teach you how to: Plan your negotiation strategy Use power during negotiations Use psychological tools during negotiations Create a binding contract Perform and evaluate your agreement Implement dispute resolution processes – especially mediation and arbitration BD

Successful entrepreneurs are characterized by a high need for achievement. You can’t afford to be complacent and passive if you want to make a success of any entrepreneurial venture.

Craft a vision and mission for your life. Develop a life plan. Create a five-year plan. Decide which milestones you can reach this year.

Break these down into monthly targets. Use this monthly plan to plan your week. Use your weekly plan to plan your day. Schedule your priorities. Set reminders. Get things done. Track your progress.

You may use a notebook, Microsoft Office template or app to set goals and track their achievement.

Whatever your preferred method, you need to exercise your muscles of initiative, drive, selfdirection and grit in order to thrive as an entrepreneur.

Take a course on communication skills “In business, sir, one has no friends, only correspondents.

—Alexandre Dumas, writer” As an entrepreneur, you are always communicating. Hence, you need to improve your ability to speak, write and understand English in professional settings.

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A good management communications course will teach you how to: Communicate in social and professional interactions.

Apply these skills to business negotiations, telephone conversations, written reports and emails and professional presentations.

Socialize, network and interact with business contacts in person, on the phone, or over mail in a professional way.

Present relevant information about yourself or your company in a discussion forum.

Arrange, participate in and conclude on-site meetings and teleconferences Prepare to write a proposal as an outcome of a meeting.

Present information in an organized and engaging way Share data in charts and graphs Use persuasive language in a presentation Take a course in negotiation, mediation and conflict resolution “In business, you don’t get what you deserve, you get what you negotiate.

—Chester L. Karrass, negotiations expert and author” Negotiation is key to business success. No business can survive without profitable contracts. As a business owner you will need to go beyond intuition and acquire proven tools to help you achieve greater success in negotiation. You

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is a development expert with special focus on Gender, Financial Inclusion and Enterprise Development. She has over 8 years working experience across several sectors – oil and gas, extractive sector, not for profit management, leadership, and the entrepreneurial ecosystem. She is the founder of Wevvo Nigeria, a resource and community-based platform that supports single female breadwinners. weyinmie

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Investment Cartoon

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By Toju Akpa An Illustrator and an animator with a passion for financial literacy and entrepreneurship.

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SATURDAY 17, OCTOBER 2020

Peeking into the Future of The Music Industry SEYI XODUS

Change is the only constant in life.

We experience change on a daily basis in major or minor ways. Be it a change in weather, change in schedule, or even forgetting some change with the conductor leading to a change in budget plans, change is inevitable.

Like everything else in existence, the music industry has experienced changes ranging from the evolution of artists and genres to the restructuring and outright dissolution of business models. Taking a brisk walk through the streets of history reveals the music business to be dynamic at best and volatile at worst, with dramatic changes happening over it’s 150+ years in three main areas; Live, Recording and Publishing. Worthy of note is a bulk of this change has occurred in the last 20 years.

In the past decade, streaming has nullified the need for compact discs.

Streaming currently makes up 80% of the music industry's revenue, according to the 2019 Recording Industry of America mid-year report. Physical music sales — i.e., CDs — make up a mere 9% of the total. Similar to how

almost did the same to vinyl records.

Almost because vinyls are making a comeback as vintage special limited editions of albums. As of January 2019, vinyl record sales increased

Nielsen.

In the contracts side of the music business, artist royalty rates were originally designed to account for physical shipping and manufacturing, and con-

the CD era killed off cassettes which 15% in one year alone, according to

tracts were rigid with the company’s

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right to retain or drop follow-up projects, few guaranteed releases, Unbalanced royalties against artists etc. This has changed to more favorable terms for signed artists with 50/50 splits, master reversion (copyrights returning to the artist after 10+ years), fewer options (2 or 3), and more loosely defined product commitments.

music theory professor trained a computer program to write new compositions in the style of Bach; when an audience listened to its work next to a genuine Bach piece, they couldn’t tell them apart. In 2018, American singer, Tayern Southern released an album composed and produced by AI in its entirety. Aptly titled I AM AI, the project is a first of it’s kind and possibly many more to come.

3. Diversity: The world is a global village and music a global language. Many artists point to the lack of diversity within major boardrooms as a problem in the industry, as they feel inadequately represented and largely misunderstood.

This is likely to improve as more genres crossover to the US Markets as seen with K-Pop representing Asia and Afrobeats representing Africa.

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quires patience, and leadership from the Nigerian Government. Leaders must restrain their hawkish voices and instincts. The world is watching young Nigerians organize peacefully and with innovation, an egalitarian movement for their right to live. If this moment is resolved peacefully, it will be a small victory for everyone, bringing a sense of ownership of destiny to young Nigerians desperately in need of a reason to belong to this country. A sign I saw today poignantly read “How can my whole life dream (sic) be to leave my country?” 2020 has shown that migration is not the only option, we can build the future we want here. This new generation have awoken to our collective responsibility, learning to negotiate a right to live and work in peace in this country.

Our leaders have a chance to rise up and meet the opportunity presented here. Everyone should be grateful for this moment.BD

To conclude, there is no certainty on what will occur or be created, however two things have always shaped the world of music; society and technology. has tripled since 2015, and our black bodies are scattered across Libyan deserts and the Mediterranean Sea.

With some knowledge of the past and acknowledgment of what presently plays, it is pertinent for stakeholders in the industry to look to the future so as to be adequately prepared for potential opportunities or guarded for possible threats. With music being an ingrained aspect of our lives, the future of music is implicitly our future, and shapes how we will live. Below are The second option is to actively some projections for the art and the organize and demand a system that industry; fits the scale of our dreams, using our unique 1. Social Network Genre: The platforms and networks spread of social media will lead to and technology. This more social media tailored music and is not a partisan movepossibly a new genre. This is already ment. Young people emerging with artists consciously cre- want to see real change, ating music with captionable/tweet- implementation, policy able lyrics and also composing with changes and justice for elements that can trigger viral chal- the families of Jimoh lenges Isiaiq, and the protesters 2. Artificial Intelligence: Beyond who have lost their lives algorithms, music will become A.I during this period. supported or even driven. In 1997, a This moment re-

Seyi Xodus finished from the University of Lagos with a bachelors degree in B usiness A dministration . H is interests revolve around entrepreneurship, arts, leadership, finance and nation building. During his first year in school he founded The Corps d’Elite Association (CdE) with the sole purpose of bridging the gap between the academic and real world , exposing students to the realities of life outside the four of the university . H e has worked with KPMG, P rofessor P at U tomi ’ s C entre for Value in Leadership (CVL), VP Yemi Osinbajo’s PYO Support, Aristokrat Records and is currently an AnR/Talent Manager with Warner Music/Chocolate City Music. Seyi is a voracious reader, nationalist and an optimist for Nigeria’s future.

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Photo of the Week

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Chemka Hot springs Osse Sinare Content Creator | Youtuber | Photographer | www.ossegrecasinare.com Businessday.ng

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Cheesy spanish omelette

A traditional Spanish dish, beautiful enjoyed any time of day as a light lunch or savoury brunch, this tasty omelette is packed full of melted cheese, hearty potato slices and caramelised Spanish onions. Enjoy hot with a light side salad or pack refrigerated leftovers as a delicious lunchbox snack.

Cheesy spanish omelette • 2 tablespoon vegetable oil • 2 red onions, cut into thin wedges • 750 gram can small potatoes, drained, thickly sliced • 6 eggs, at room temperature • 1/2 cup shredded parmesan Cheesy spanish omelette 1- Preheat an oven-grill to moderate.

2- Heat oil in a non-stick frying pan over moderate heat. Add onion and potato to pan. Cook, stirring, 5 minutes, or until onion has softened and potato is lightly browned.

3- Whisk eggs and parmesan in a jug. Season. Pour mixture over potato mixture. Reduce heat to low; cook 10 minutes, or until base is golden.

4- Place frying pan under grill. Cook 3 minutes, or until set and golden. Cut into wedges to serve. BD

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Recipe

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ANTHONY NLEBEM

More financial troubles for Barcelona as players refuse wage cuts … Club facing up to €300m loss for 2020-21 season … Could influence Messi’s decision to leave next summer Barcelona revealed in an official statement that the club has failed to negotiate a pay cut with its players.

A few days ago it was reported how Barcelona needed to negotiate a pay cut with its player to secure the club's financial future.

Spanish radio station RAC1 had reported that the Barcelona wage bill needed to be reduced by €190 million to avoid filing for bankruptcy in the coming months.

Ever since news of the latest Barcelona financial crisis came to light, reports of players and lawyers negotiating new contracts have been making headlines.

Reports suggest that despite the efforts, the Barcelona board has failed to trim the club's mammoth wage bill.

The club revealed that salary negotiations between the club, the professional footballers and the corporate worker group have ended, with parties wrapping up talks without finalizing a firm agreement.

The statement also shed light on the future course of action,

with the club admitting that it is now up to the management board to make decisions that can help Barcelona deal with the financial problems caused by the COVID-19 pandemic.

Disclosing the financial struggles, the club admitted that a salary adjustment of €191 million needs to be made at a time when the club is facing losses amounting to €300m for the 2020-21 season alone.

While concluding, the club revealed that all parties have decided to take time till November 23 to reflect and come to a decision regarding the proposal on offer.

Media reports had earlier revealed that the club has been trying for some time to trim what is one of the highest wage bills in Europe. Sport Bible had disclosed that the Barcelona wage bill amounts to £235m a year in wages.

Publications covering the salary negotiations had written how the Barcelona board is looking to reduce the wage bill by trying to convince players to take a 30% pay cut, including Lionel Messi.

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Sports Today Health

It is unclear whether the breakdown in negotiations will influence Lionel Messi’s decision to leave Barcelona next summer.

The Argentine alone earns a mammoth £65m in yearly wages, with Messi pocketing millions in personal bonuses and image rights as well. If Barcelona are looking to keep Lionel Messi next year, the club would have to negotiate a new contract that is financially viable for both parties. BD

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SATURDAY14, 17, OCTOBER 2020 SATURDAY NOVEMBER 2020 10,

Cristiano Ronaldo hints at Manchester United return Cristiano Ronaldo made it no secret of his desire to return to Manchester United in the future.The Juventus superstar is being linked with a sensational return to Old Trafford in the summer with the Serie A champions open to letting him leave. The Old Ladyare also keen to cash in before his contract expires at the end of the 2021-22 season and offload his £540,000-a-week wages. Machester United are the frontrunners to land his signature and it appears the 35-year-old would be open to making an emotional return. In 2014, five years after leaving Manchester for Real Madrid, Ronaldo said: "I love Manchester. Everyone knows that. Manchester is in my heart."The supporters are amazing and I wish I can come back one day."And it appears that day could be on the horizon, according to wellrespected FOX America journalist Christian Martin. Martin tweeted his 400,000 followers: "Our sources in Manchester and Porto

confirm that Manchester United tempted Cristiano Ronaldo with a return to the club for next season."The Portuguese star is considering it. Juventus will negotiate a deal if Ronaldo asks for it." Juventus are open to letting their highest earner leave with a view of tightening the purse-strings due to the pandemic. Reports in Italy claim Juventus believe an extension to his current deal would be unsustainable. Ronaldo played for United between 2003 and 2009, winning three Premier League titles and the Champions League. The forward scored 118 goals in 292 games in all competitions for United before joining Real Madrid in an £80million deal. Until the day he retires it is almost inevitable that Ronaldo will be linked with a long-awaited return to United, yet the reality is that it remains fantasy rather than factual.

If the opportunity arises United would be ready to welcome him back with open arms.

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SATURDAY 17, OCTOBER 2020

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