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Olaoluwa Samuel-Biyi


Over the past few years, I’ve been experimenting with technology-enabled businesses in Africa, starting from my time as an early member of the team that built “Jumia” in Nigeria. Here, I share my thoughts about business, education, life and whatever else. Thoughts are mine alone and they don’t represent any of the institutions below.

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General Thoughts

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...

Posted on 3rd April 2019 by 'Laolu Samuel-Biyi

Cryptocurrencies

A Disturbing Development in the STO Market

The industry needs technology providers, asset accreditors (like Fitch for credit), compliant but open exchanges (till the decentralized future is realized), etc.

Posted on 16th January 2019 by 'Laolu Samuel-Biyi

General Thoughts

My Tech Privilege

It will take a lot of privilege for the average Nigerian kid to be able to compete at all as the current pace of the world’s evolution.

Posted on 6th January 2019 by 'Laolu Samuel-Biyi

Cryptocurrencies

Nigerian Banks and the Fear of the (un)known

The only way cryptocurrencies will threaten the legacy financial system is if they remain and thrive outside of it.

Posted on 26th November 2018 by 'Laolu Samuel-Biyi

General Thoughts

Nigeria 2019 election: There is no choice.

We didn't expect our lives to change immediately, but we expected ordinary miracles. A miracle, in Nigerian terms, would simply be to do something right.

Posted on 10th November 2018 by 'Laolu Samuel-Biyi

General Thoughts

Should Harvard admit fewer black people?

If Harvard admitted students based on the applicant scoring in the top decile of test scores + HS performance, they'll barely admit black people.

Posted on 28th October 2018 by 'Laolu Samuel-Biyi

Work

We’re growing: Meet Omolara Awoyemi, Our New Managing Director

My objective is to relentlessly grow our brand to be the biggest non-cash value transfer platform in Nigeria and Africa at large.

Posted on 8th September 2018 by 'Laolu Samuel-Biyi

Work

Remitting with Purpose

Across the world, there are hundreds of millions of immigrants and travelers like me that need to transfer some immediate, non-cash value internationally, but the systems that have been set up to facilitate that don’t take into account the nature of transfers.

Posted on 24th November 2017 by 'Laolu Samuel-Biyi

General Thoughts

(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...

Posted on 22nd October 2016 by 'Laolu Samuel-Biyi

General Thoughts

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

Until we care and the nation stands still because of one death and one kidnapping, male or female, young or old, 276--or the more twitter-friendly 234--is just a number.

Posted on 7th May 2014 by 'Laolu Samuel-Biyi

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General Thoughts

Bangladesh: A Mindset of Development


'Laolu Samuel-Biyi
Bangladesh: A Mindset of Development
Posted on 3rd April 2019 by 'Laolu Samuel-Biyi

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 the most densely populated country. It’s a Muslim-majority country with 98% of people being Bengali and speaking the Bengali language.

It was my first time in any part of Asia and I was especially curious about Bangladesh. The country has been in the news for many good things in recent times. It’s become another Asian reference-point for rapid economic growth and development, and coming from Nigeria where things tend to be slow or regressive, I wanted to seek out the formula or at least find a unique element.

I landed at the Hazrat Shahjalal International Airport and everything felt just like Lagos. I was not expecting much in terms of sophistication or efficiency, but it felt all too familiar; I felt at home! From the airport experience, the drive to the hotel was predictable and it was just as chaotic as one would expect in major African cities like Lagos, Abidjan, and to a lesser extent, Nairobi. I felt a momentary sense of comfort in the thought that, perhaps, we’re not doing too badly in Africa, and our issues are definitely not unique. I still wondered about all the positive macro-level indicators in Bangladesh though. It might not look like it on the ground, but the data says they’re doing very well.

A high-end district.

With the kind guidance of my host organization, BRAC (the world’s largest NGO), I spent a week between the capital, Dhaka, and Mymensingh, a secondary city a few hours north, absorbing the culture, enjoying the food (mostly rice and curry), talking to people and observing, while I followed the triggering updates from the Nigerian elections on the side.

There are several possible academic explanations for the country’s growth: socialism, development funding, manufacturing, diaspora remittances, etc., but those aside, a simple, interesting observation that stood out to me—and I’m not sure if this is a consequence or a cause—is the mindset of development that oozes out of the people. Maybe I was in the bubble of the BRAC organization, but I walked the streets of Dhaka and Mymensingh, spoke with ordinary people and expatriates, discussed with University students, and I didn’t get the air of desolation and resignation that’s thick in Nigeria. The country is an active project: people there think it can develop soon, and everyone is trying to do something about it or about themselves to participate in it.

You hear the typical developing-world complaints about widespread corruption, crime, and incompetence a lot, but everyone seems to be charged towards overcoming those things. It was also a political season in the country, and the campaigns and rallies were intense, with visible participation on the streets and across mainstream media. In general, the people seem to be genuinely good people who hold culture and religion to heart. Although, in my opinion, culture and religion have played their part in holding every society back, there is a latent rebellion to temper the regressive aspects in Bangladesh, especially from young women.

Bangladesh reminded me of the “Good People, Great Nation” orientation campaign that almost worked a few years ago in Nigeria. It seems to be a nation of generally good people, without an instinct at the basic level to cheat, bribe or extort, and with a consensus that the nation is underdeveloped. Bangladesh still has a very long way to go, but if there are a people that can develop dramatically over the next two decades, it’s the people of Bangladesh; a people with a mindset of development, starting from the top and visible throughout in the layman’s body language.

Bringing it back home to Nigeria, there’s a national orientation that’s missing; there is a general perception that a developed future is a tall, distant order. Most people have resigned to the idea that the rot is too deep and systemic, and we need a radical savior (an army of saviors) if things are going to turn around. This emotion propelled former military president, Buhari, into power in 2015, and there was broad optimism then that could have been mined into a national mindset of development. Regretfully, that chance has mostly been squandered, and the resignation is even deeper now, as evidenced by an unprecedented exodus of talent to saner countries. I still think the people are correct in this idea because I believe a development mindset cannot be grown bottom-up. So, since it might look like we’re a few years away from seeing a new spark that could start the wildfire of nation-building within ordinary people, individuals will continue to work towards self-preservation, and one can’t blame them.

Bangladesh Agricultural University, Mymensingh

'Laolu Samuel-Biyi
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Comments

  • Sabbir Jubaer

    Brother, I very much liked the article as a good analysis.
    I shall wait to see how far Bangladesh goes in the next 20 years.

    • April 3, 2019
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