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SATURDAY 12, JUNE 2021 1 EDITION 46 I 12, JUNE 2021 DEMOCRACY DAY SPECIAL EDITION DEMOCRACY SPECIAL DEMOCRACY SPECIAL YOUNG NIGERIANS ARE LOSING WHAT DOES DEMOCRACY MEAN TO YOU? THEIR VOICE IN A TAINTED DEMOCRACY Businessday.ng @Businessdayng 2 SATURDAY 12, JUNE 2021 Businessday.ng @Businessdayng SATURDAY 12, JUNE 2021 3 Businessday.ng @Businessdayng 4 Editorial 4 SATURDAY 12, JUNE 2021 PUBLISHER/EDITOR IN CHIEF Frank Aigbogun Editor’s Note MANAGING DIRECTOR Ogho Okiti SATURDAY 12, JUNE 2021 EDITOR Tayo Fagbule Dear weekender readers, DEPUTY EDITOR Lolade Akinmurele Welcome to the 46th edition of the BusinessDay Weekender which is EDITOR BUSINESSDAY SATURDAY usually strictly online but to celebrate Democracy Day, we have decided to Lehlé Balde do a special print edition. EXECUTIVE DIRECTOR, OPERATIONS Fabian Akagha As the famous Greek Philosopher Aristotle put it: “Democracy arises out of the notion that those who are equal in any respect are equal in all MANAGER, CONFERENCES & EVENTS respects; because men are equally free, they claim to be absolutely equal.” We Obiora Onyeaso have prepared for you a special section dedicated to Democracy Day which MANAGER, ADVERTS might help you confirm or re-assess your concept of Democracy: What does Ijeoma Ude democracy mean to you? Is it work in progress? What does the Twitter ban mean for the state of democracy in Nigeria? COPY SALES MANAGER Florence Kadiri Inside: Read our interview with the founder of Nigeria’s most affordable DIGITAL SALES MANAGER carrier, Babawande Afolabi to find out how the newest addition to Nigeria’s Linda Ochugbua aviation industry - Green Africa Airways - is disrupting the industry with the HEAD OF DIGITAL SERVICES lowest fares ever! Onyinyechi Eze HEAD, HUMAN RESOURCES On the other hand, have you ever wondered how Apple can charge two or Damilola Abifarin three times the price of its competitors for the same product or why Samsung DESIGN AND ART DIRECTION sales never slump even when cheaper and more effective offerings from Tolulope Ayo-Olubiyo. competitors are available in the market? Read our brands column to find out. CONTRIBUTORS Mercy Ayodele Are you young, employed but broke? Elvis Kachi Udy Osaro-Edobor Our personal finance section put together great tips on how to start the Feyisitan Ijimakinwa habit of saving as there is nothing worse than being employed and broke. Dr. Helen Zidon TELIAT SULE Titilade Oyemade This week’s book review: Manufacturing business owners would not want Imasuan Okungbowa Akanimo Ekong to miss our review of the book entitled Timeless Advice for Manufacturing FRANK ELEANYA Businesses by Adebola Adefila who comes from a family whose passion is Chris Akor Stacey Karuhanga manufacturing with a history of business ownership and who wrote a book Lolade akinmurele' ' to share his experience, the challenges he encountered and possible solutions ART X Lagos Anthony Nlebem for a manufacturing business! Asukwo Mike IFEOMA OKEKE In the news roundup, read about how: Nigeria loses billions to Twitter ban; Ijeoma Adesanya El Salvador becomes the first country to make bitcoin its legal tender; Telcos PHOTO CREDIT lost more subscribers in April despite NCC lifting SIM card ban; Nigerian Freepik, Google Images, Pexels drivers to ditch Uber and Bolt; Child labor on the rise for the first time since ENQUIRIES 2000; World bank upgrades Nigeria’s growth forecast to 1.8% in 2021; Lagos [email protected] is the second-least livable city in the world. [email protected] ADVERTS Our sports roundup focuses on the Glamour and high tension around the Ijeoma Ude 24 teams that are vying for the Euro 2020 glory. +2348033225506 PUBLISHED BY Also discover the 2018 amazing Monjiaola Artwork by BusinessDay Media Limited artist Moufouli Bello and the original Nigerian jollof rice The Brook, 6 Point Road, GRA, Apapa, Lagos, Nigeria. recipe! 01-2799100 www.businessday.ng Enjoy.BD LEGAL ADVISERS The Law Union Lehlé Baldé is the Editor of BusinessDay Weekender email: [email protected] | social: @lehlelalumiere Businessday.ng @Businessdayng SATURDAY 12, JUNE 2021 5 Businessday.ng @Businessdayng 6 LAUGHTER IN THE MIRROR SATURDAY 12, JUNE 2021 Businessday.ng @Businessdayng SATURDAY 12, JUNE 2021 FASHION 7 OP-ED: #TWITTERBAN: WHAT THE INDEFINITE BAN OF TWITTER IN NIGERIA COULD MEAN FOR THE FASHION INDUSTRY. ELVIS KACHI n the 3rd of June, media, Twitter especially, fashion industry, and how it Lagos Fashion Week, Arise the Nigerian has been a place very keen was important if we came in Fashion Week, GTBANK government to the growth of businesses. from the angle of production, Fashion Week, and a host via a series of Fashion creatives have over using technology especially of others, are relying on O these mainstream media tweets, passed messages that time, harnessed its power, because no one was doing it could only be translated as and built brands that are yet. We even planned to reach platforms to promote their genocidal. That day, a vast highly respectable on both out to a few foreign investors. shows, which will double majority of Nigerians took to local and international levels. Who’ll be interested now? as a means of revenue their social media platforms For photographers like Sola*, one of my friends creation. No well exhausted to express displeasure, grief, Samuel*, not having twitter narrates. “Take a look at the means of show promotions, and ultimately, fear for their means not having a very rate foreign investors are means no attendants. No lives and loved ones. This instrumental creative hub. withdrawing their stakes in attendants, means no sales. fear prompted them to Although there are places Nigeria,” he goes on to say, No sales, means no revenue report the tweets, pointing for fashion occupants like drawing attention to a piece generation, and that in turn out the number of ways it Pinterest and Instagram to he saw online. Besides how affects those who work could spike (tribal) hate, get on your creative juices, the ban has had a negative (for pay) to keep it moving which could progress to war each of these platforms have effect on the emotional forward – photographers, if not checked immediately. their uniquenesses. “Not working of those in the designers, models, PR having twitter is like rooting agencies, Marketers, show Arise Fashion Week. out my foundation. The In response to the report, platform is one of the places Twitter brought down the I first found my roots. It gave tweet of the current Nigerian me a sense of belonging, president, noting that there and it’s just really sad that was a violation in its Terms something I’ve held onto for and Conditions. In a bid to so long is being taken away bite back at the well carried from without my consent,” decision, the Nigerian Samuel* says. government took to their official twitter accounts to Lagos Fashion Week. announce the ban of the With over 186million daily platform in the country, active users, the possibilities even without going through of amassing a reasonable the legal, constitutional number of customer base processes. This wouldn’t on the platform is endless. be the first time a threat to Going by such populace and passing a social media ban activity, the possibility of has been made. During wealth creation in a country the #ENDSARS protest, that’s never necessarily Nigerian government supported your venture expressed its displeasure is heightened, with you, by moving the motion getting a real shot at a life to passing a social media of enjoyment. Imagine all bill, when young Nigerian of that, briskly taken away protesters took to social from you by a government media platforms to field trying to keep up with their displeasures and discomfort. legacy of dictatorship and Matching actions with tyranny, even after putting fashion industry means an words, Twitter was officially all that work to amass a den obvious state of financial banned in Nigeria, and it of loyal customers. This regression. The Nigerian became illegal to use. was the plight of Onome*, government can do so much a Calabar, Nigeria based fashion industry, it has had promoters, event managers, better in filling this dent. Lagos Fashion Week designer. “It took me years to a lot of negative impacts decorators, music artists, Everyone and everything is Nigeria is known to possess build that account. 12k of my on the nations’ financial etc. An evident lack in the relying on it. BD a teaming population of loyal customers would have gains. Foreign investors over 200million people, gone into smoke, thank God now doubt the successes of Elvis Kachi is a performance-driven Fashion, Culture and Lifestyle amongst whom are made of for how our tech brothers their ventures, and those Journalist, with years of demonstrated track records in positively young creatives – designers, and sisters found a way,” she with plans of investing, are impacting organizations through building and strengthening photographers, developers, said. retracting, watching from strategic communications, producing digital marketing contents, performing market research and managing projects. stylists, models, retail shop “I was having a conversation the sidelines how the whole A creative content writer, creator, illustrator, and an overall lover of owners, merchandisers, with a friend sometime situation progresses or artistic fashion; currently using his skills to further explore the creative thrift importers, etc. Like last week on this issue of regresses. space, and give a voice to a culture he believes in. every other industry, social sustainability in the Nigerian Fashion platforms like Businessday.ng @Businessdayng 8 SATURDAY 12, JUNE 2021 Businessday.ng @Businessdayng SATURDAY 12, JUNE 2021 9 Businessday.ng @Businessdayng 10 SATURDAY 12, JUNE 2021 Businessday.ng @Businessdayng SATURDAY 12, JUNE 2021 11 Businessday.ng @Businessdayng 12 SATURDAY 12, JUNE 2021 Businessday.ng @Businessdayng SATURDAY 12, JUNE 2021 13 Businessday.ng @Businessdayng 14 ART OF THE WEEK SATURDAY 12, JUNE 2021 Moufouli Bello, Monjinsola, 2018 Image Courtesy of SMO Contemporary Art and ART X Lagos - West Africa’s Premier International Art Fair.
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