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Ndubuisi Ekekwe

@ndekekwe38,046 subscribers

Professor, Inventor & Entrepreneur. Lead Faculty of Tekedia Institute, and Chairman of Tekedia Capital. Since 2009, a Harvard Business Review writer.

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Good People, I am delighted to share that the Securities and Exchange Commission (SEC) Nigeria has granted my company Approval-in-Principle (AIP) to operate a new securities exchange in Nigeria. This is a full-service exchange (yes, “stock market” lol) designed to support public markets, private markets, and derivatives, covering instruments such as equities, corporate and government bonds, commercial papers, ETFs, and more. Our mission is anchored on “exchanging prosperity” through the principle of “investment inclusion”, transforming idle money into productive capital that can uplift communities across the nation. Roughly ₦5 trillion in circulating currency sits outside Nigeria’s banking system, largely idle and earning nothing. If we can channel even 50% of that into simple sovereign instruments, say FGN savings bonds or Treasury Bills at just 10%, that would generate about ₦250 billion in returns for citizens, while also providing the government with capital to fund development. Extend this across state bonds and other instruments, and the implication becomes clear: Nigeria is not short of money; it is under-mobilized. Contisx aspires to become part of the solution. We have begun the countdown to launch on our website: — targeting September 2026. We are inviting stakeholders across Nigeria to participate in this journey. How can we support your business, cooperative, or state to scale through the capital market? (The live buttons on website are not active; those will become active on launch). I commend the leaders of our nation for the Investments and Securities Act (ISA) 2025, arguably the most consequential economic and business legislation in Nigeria since 1999. It provides the foundation upon which a new era of capital formation can be built. I am confident that the 2030s will become Nigeria’s decade of capital, and I am building with that conviction. I also extend my appreciation to the leadership of the Securities and Exchange Commission; our Director-General, Dr. Emomotimi Agama, Commissioner Ajomale, Director Mrs. Rufai, and the entire team, for their dedication and excellence in advancing regulatory service. Good People: “build, list, and trade on Contisx — we’re exchanging prosperity”, not just for the rise of few, but for the rise of ALL. Our flag is up in our headquarters in Owerri (regional centers in Aba, Kano, Ibadan, etc coming); we welcome you to partner with Contisx and ring the bell to prosperity. Prof. Ndubuisi Ekekwe Founder, Contisx Securities Exchange Plc

Ndubuisi Ekekwe

60,961 views • 5 months ago

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Thank you, Dr. Reuben Abati, for mentioning this village boy and for referencing my Harvard Business Review work on the Umunneoma Economics of the Igbo Apprenticeship System. Let me also use this moment to explain this economic framework so that as people study Adam Smith’s classical economics, Confucian economic philosophy in China, and other schools of thought, they can also add Umunneoma Economics, literally, the economics of good brethren, to their intellectual toolkit. In a seminal Harvard Business Review work, I explained this business philosophy which is rooted in the traditional African (specifically Igbo) concept of shared prosperity captured by the maxim "onye aghana nwanne ya" (do not leave your brethren behind). Here, trust, mentorship, and shared destiny become factors of production! Key tenets on click. ----On Literacy Rates--- Dr. Abati, let me address the point on literacy rates. The facts are these: using official government data, South-East Nigeria has consistently done well in literacy rates. Abia, Imo, and Anambra have for years recorded literacy levels of above 90%. Enugu is in the high 80s, while Ebonyi is slightly below 80%. These are among the strongest literacy outcomes in Nigeria by geopolitical zone, and they would not have been possible if boys are not enrolled in schools! Therefore, the thesis that Umunneoma Economics has negatively affected male-child enrollment is not supported by data (click). The evidence points in the opposite direction. That said, I concede one historical nuance. In the 1970s and 1980s, male-child enrollment in parts of the South-East was indeed lower than female enrollment in some states. But that was not because education was devalued. It was because The Greatest Generation, Igbo men and women who engineered the rebuilding after the Biafra War, made a strategic choice. They challenged young males to move into enterprise, using the apprenticeship system as a vehicle to escape the miry clay in the Igbo Nation, and to prevent a vicious cycle of poverty. It was a deliberate economic reconstruction strategy. I have spoken with some of these men, and many confirmed that the reconstruction was "war" and the boys were tasked to fight it through the markets. By the late 1980s, that phase had largely run its course. And from the early 1990s, as Igbos began integrating fully into Nigeria’s capital formation system (visible via investments and properties across Lagos, Abuja, and beyond), male literacy rebounded strongly. Since then, literacy rates in the South-East, including for males, have remained among the highest in the country. In nearly all government data, a Southeast state is always ranked #1 on literacy rate; you cannot achieve that if boys are not in school

Ndubuisi Ekekwe

25,524 views • 8 months ago

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