Dr. ’Laolu
Samuel-Biyi

I build and finance technology businesses in Africa, and I write about what the work teaches me.

Entrepreneur  ·  Investor  ·  Researcher
Portrait of Olaoluwa Samuel-Biyi Portrait of Olaoluwa Samuel-Biyi
Recognition

Fifteen years spent building companies, investing, teaching and researching at the point where finance meets technology in emerging markets.

I build and invest in technology-enabled businesses at the intersection of finance, markets and infrastructure, primarily in Africa. My work has increasingly focused on how new financial technologies move from experimentation into regulated, large-scale use.

Alongside operating companies, I research and teach around digital assets, economics, finance and innovation.

02

Thesis Intelligence

Doctoral research · a public reading layer

Blockchain-Based Tokenisation in Emerging Markets

IE University, Segovia · 2026  /  Mixed methods  /  ≈ 84,000 words

A study of what tokenisation actually does to price, velocity and access, read through US dollar stablecoins as tokenised money in Nigeria's parallel market. The reading layer lets you explore the argument, interrogate the findings, or examine the work as a regulator, founder, investor or academic.

Stablecoins Fiat Velocity of circulation
03

Selected Writing

Work27 Jan 2024

Accounting for Startup Founders

Members of founding teams have different roles to play. Still, regardless of their area of expertise, every entrepreneur will one day find themselves in that desperate position…

General Thoughts15 Jul 2022

The Next President Must Fall on His Sword

The only thing Nigerians can all agree on is that the country has many many problems. Most of these problems have simple solutions, but they are hard to solve because Nigerians as…

Cryptocurrencies15 May 2022

On Flawed Crypto Token Models

The crypto market is a wild place, and given how young the industry is and how I’m about 5 years into it, I can claim veteran status and opine somewhat authoritatively. I have…

General Thoughts19 Apr 2022

The Cursed Bridge

If you grew up in Nigeria or spent any extended time anywhere there, you’ll eventually be desensitized to absurdities. Following the abduction of the Chibok girls 8 years ago, I…

Cryptocurrencies20 Jul 2021

A Proposal for Sovereign-backed FX Digital Currencies

A primary role of Central Banks is managing the value of their local currencies. Depending on the specific dynamics of the economy, the Bank might be interested in strengthening,…

General Thoughts23 Nov 2020

How to Guarantee Corruption: A Lagos State Example

It is easy to conclude that certain countries or their nationals are intrinsically corrupt. After all, the word "corruption" has become meaningless to most Nigerians just because…

General Thoughts17 Nov 2020

NYSC: A Proven Waste?

I’m still reeling from the circumstances leading to the #EndSARS protests and all the unfortunate developments since. The protests have been followed by reports of intimidation,…

General Thoughts10 Aug 2020

Sports Betting and the Domain of Responsibility

Almost in cycles, there’s always a conversation on Twitter about sports betting. The most recent is one by a person who lost £447,880 over 12 years . These conversations are…

General Thoughts29 Jun 2020

Are We Hopelessly Helpless?

A long time ago, Martin Seligman , an American Psychologist, conducted a very interesting experiment. I’ll describe a simplified version: Two groups of dogs were placed in torture…

General Thoughts7 Jun 2020

Data Over Emotions: Lessons from Nigeria’s COVID-19 Response

It’s been a tough year as the world battled a novel coronavirus. Governments all over sprung into action with difficult measures to protect their populations, and as global…

Cryptocurrencies25 May 2020

Deflationary Tokenomics: All About Alpha

Since SureRemit announced a modified utility model for the RMT token , I’ve been attempting to visualize exactly how a deflationary token economic model would work (thanks to…

General Thoughts31 Aug 2019

What’s up with Nigerians and Gift Card Scams?

I know. It’s not a good time to use “Nigeria” and ‘scam’ in the same sentence, but it’s gotten too close to home and I think it’s worth talking about. I’m a very vocal promoter of…

General Thoughts4 Apr 2019

Jumia: How to Build an Ecosystem

I’ve been very reflective lately. It’s been a bit over 5 years since I got into this tech entrepreneurship thing, and recently, I’ve had the headspace to think about how I got…

General Thoughts3 Apr 2019

Bangladesh: A Mindset of Development

In February, I observed the Nigerian presidential and governorship election week from Bangladesh . Bordering India and Myanmar, Bangladesh is the world’s eight most populous and…

Cryptocurrencies16 Jan 2019

A Disturbing Development in the STO Market

Over the past few years, Initial Coin Offerings (ICOs) have challenged the way people think about venture-financing. Thanks to the power of blockchain, entrepreneurs all over the…

General Thoughts6 Jan 2019

My Tech Privilege

Earlier this week, my brother sent me a voice note asking me if I remember some words from an old football PC game: We didn’t have the full version of the game, so we could only…

Cryptocurrencies26 Nov 2018

Nigerian Banks and the Fear of the (un)known

Today, another bank in Nigeria distributed an anti-crypto e-mail to its customers. This one was a bit different, though. For the first time, I think, the bank threatened to impose…

General Thoughts10 Nov 2018

Nigeria 2019 election: There is no choice.

February 2015 was a great month. It was finally time for the general elections in Nigeria and I was fired up. For once, it seemed like most Nigerians have reached consensus about…

General Thoughts28 Oct 2018

Should Harvard admit fewer black people?

I saw the comment and report above on Facebook and found it interesting. It was followed by this question: My Answer: Higher stakes. The implications will probably be less weighty…

General Thoughts22 Oct 2016

(Quora) Which countries' economies will grow the most by 2066?

My answer here: There are 1.2 billion people in Africa. There will be 2.4 billion by 2050 and that’ll be a quarter of the world’s population. Over the next few decades, not many…

General Thoughts7 May 2014

(Quora) How can we save the missing Nigerian girls?

My answer here: It's not really a lack of regard for women; it's more a complete disregard for people in general here in Nigeria. Yesterday, driving on my way to work, I caught a…

General Thoughts14 Mar 2014

The African techie’s curse: business model or product?

First appeared in Tech Africa. Peter Druker (1964) describes an entrepreneur as someone who searches for change, responds to it and exploits opportunities using innovation. Peter…

Literature9 Jan 2010

Book Review (Chimamanda Ngozi Adichie)

(Written in 2010) Half of a Yellow Sun This extraordinary book has been widely and aptly classed as one of the best novels from the African continent in recent times. It was set…

The Newsletter

New essays, in your inbox.

Occasional, unhurried writing on business, technology and life. No noise, just the next piece when it is ready.

Read by founders, investors and the curious, worldwide.
Samuel-Biyi family crest
Thanks for reading.