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🛑 Stop romanticizing farming. This is cabbage harvesting at scale — MACHINE vs 50 workers. And we wonder why we can’t compete… 👀 In Ghana 🇬🇭 everyone wants to “own a farm” But nobody wants to invest in the MACHINES that make farms profitable. 👉 Labour will fail you...

10,676 Aufrufe • vor 4 Monaten •via X (Twitter)

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I can’t forget the visualization below of the scale of a billion dollars. It is why I laugh when the number is carelessly thrown around by Nigerians. According to Mark Cuban, getting wealth at this scale is more about luck than skill or knowledge. You can’t get it linearly, only from exponential growth. The question we should ask if we seriously want to get wealth at this level is how many opportunities are open to an African to create exponential growth in any offering? In America and elsewhere, the market rewards people for creating that level of growth largely through valuation of future prospects and the probability of gaining more as exponential growth continues. We got a brief taste of those valuations in tech simply because foreign money decided to make some bets on entities that are still legally in their own country but operating in Africa. The way those companies are currently valued gives an idea of what they think about our markets but it is not always the reality on ground. The most objective measure is income and we are now slowly proving that previous valuations make sense. Getting to the point of creating individual billionaires is still far away unless we unlock further exponential growth opportunities. Speculation won’t create more billionaires. The government route has largely helped to create our current dollar billionaires by giving them advantage in areas where exponential demand was present. Those areas still have opportunities for growth. Someone sent me a deck and said he was trying to raise $10 Billion dollars, after laughing, I started to seriously look at the opportunities in the sector. The conclusion I reached with my cousin was that the only way to invest money and make money at that scale is to be in bed with the government. This is the bitter reality of Nigeria.

Osaretin Victor Asemota

77,933 Aufrufe • vor 11 Monaten