A hard-knock life😲😔

#156: Nigerians are living in an unprecedented time in a new dispensation.                                                                                                                                                                                                                                                                                                                                                                                                                 [Open in app]( or [online]() [A hard-knock life😲😔]( #156: Nigerians are living in an unprecedented time in a new dispensation. [VENTURES AFRICA]( Jun 9   [Share](   Why Is Life So Hard? Photo credit: Morning Coach. Hello Venturer, If you reside in Nigeria, you surely understand that the last five months have been unprecedented. The year began with a naira swap policy that turned into a crisis, followed by a contentious election marred by result discrepancies. While Nigerians believed that their political mandates were stolen by the current government, life continued. Many remained disinterested as President Bola Ahmed Tinubu was sworn in eleven days ago. But their indifference ceased when the new president casually mentioned the end of the long-standing fuel subsidy. The impact of that statement is profound. Fuel prices have surged by over 200%, creating a gaping hole in the pockets of many Nigerians. Life, as we’ve always known it, is no more. But we are adapting as always. Ishioma Imokhai-Bello, Staff Writer, Ventures Africa [Leave a comment]( What’s new? Nigeria’s petrol subsidy removal is fueling conversations across sectors. And as Nigerians say goodbye to fuel subsidies, their new reality has sparked vibrant discussions and debates. Critics of the fuel subsidy removal argue that it will further weaken the purchasing power of Nigerians and impoverish more citizens in a country where almost half of the population is poor. [Read more.]( Addressing fuel price concerns through EV adoption in Nigeria Around the world, countries are moving from fuel-powered vehicles to electric vehicles which have been tagged the future of transport. And the reasons are not hard to point out. Asides from reducing fuel costs dramatically, they are more efficient, environmentally friendly, and economical compared to their gasoline-powered counterparts. [Read more.]( #ACF2023: The importance of public-private sector collaboration and talent integration in governance One of the major challenges that come into play when fostering public-private partnerships on the continent compared with what is obtainable elsewhere in America or Europe is the problem of systemic bottlenecks. This is where there needs to be a balance between what the continent has as a public-private partnership in theory and reality. [Read more](. [Share]( My Pivot Journal: Having sacrificed a career in science for family, Lateefat Sobowale finds purpose in graphics design Growing up, Lateefat Sobowale took a keen interest in creating with her hands. The first time she made a dress, she was in primary school. Years later, after studying to become a Cell Biology and Genetics scientist, life led her back to design. [Read more.]( Why does Nigeria need a national carrier? Despite the cost, one would wonder why a country like Nigeria, with its dwindling resource, need a national carrier when it has survived without one for years. However, there are compelling reasons to consider. First, a national airline catalyzes economic growth and development. [Read more.]( Key takeaways from the Africa CEO Forum 2023 On Monday, June 5th, 2023, the highest of Africa’s leadership including presidents, heads of state, heads of government, top CEOs and leaders of multilateral corporations converged in Cote D’Ivoire for the annual summit of the African CEO Forum to deliberate on them how to deliver and accelerate the emergence the next generation of African champions, from 300 to 3,000. [Read more.]( [Pledge your support]( Senegal shut down its internet, again. The month of June didn’t start well for Senegal. On Thursday, the first day of the month, several social media platforms, including WhatsApp, Instagram and YouTube, started facing access restrictions in Senegal. And it wasn’t a glitch. The next day, Antoine Diome, the Interior Minister, acknowledged the blockages, citing “the dissemination of hateful and subversive messages on social networks.” [Read more.]( Fiducia aims to propel Nigeria's supply chain finance ecosystem to new heights of growth Nigerian banks have loaned less than 1 per cent of their total exposures to MSMEs, resulting in a financing gap exceeding 65.4 trillion Nigerian ($156.1 billion). It is to end these longstanding problems that Fiducia, a technology-leveraged supply chain financing platform, rolled out the first-of-its-kind solution, with the mission to catalyse the growth of Nigeria’s supply chain financing market to NGN 12 trillion. [Read more](. Weekly Economic Index: The future of the naira, South Africa’s momentum, and a new fintech player Last week, Nigerians were thrown into a frenzy after reports emerged that the Central Bank of Nigeria (CBN) sold foreign currency to banks at a rate of N631 to a dollar during the weekly bidding.  Meanwhile, the South African rand regains momentum and MultiChoice Group became the latest player to enter the African fintech market. [Read more]( [Share VA's Newsletter]() Holiday Jollof [Read our special holiday issue]( on the events, businesses, people, and policies that impacted Africa in 2022. Our weekly collectibles. - Apple’s new headset follows years of failed consumer launches. Find out why [augmented reality needs an iPhone moment.]( - Contemplating your mortality might sound morbid, but it’s actually a key to happiness. Find out how you can [think about your death and live better.]( - What would you do if you found out you were stolen at birth? Discover how [Chile’s stolen babies are finding their biological families after decades apart](. - There have been over 200 climbing deaths at Everest. Learn how [the bodies of dead climbers on Everest are serving as guideposts](. #VANUGGET Remember to stay safe! VA's Newsletter is free today. But if you enjoyed this post, you can tell VA's Newsletter that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. [Pledge your support](   [Like]( [Comment]( [Restack](   © 2023 VENTURES AFRICA 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()