[Music]
[Music]
what in the world is happening in the
world trying to make sense of all of it
why why is the world the way the why the
world the way it is
well I think it’s it’s a it’s a
continent
it’s a big ocean of people of ideas that
maybe has been flowing if you like for
those who are science oriented from the
Big Bang but essentially the quiet force
drive in humanity driving economies
driving the way that we relate with the
world has actually been technology
politicians come and they go
governments change Kings reign but the
impact of technology has been that ocean
that river flowing that has shaped the
course of history and will shape the
course of history for decades to come
well Silicon Valley and all the
technology hubs in the world will
celebrate specific technologies it so
happens that the complexity in
technology there is an underlying
simplicity in it that is driving it
there are only five types of
technologies for those who are familiar
with their Brahim acquits and the
writings of Moses he will say God
created man male and female and He
blessed them being fruitful multiply
replenish the earth subdue it have
dominion these are metaphors for the
four categories of technologies so I
will call them five technological waves
that are shaped human destiny will shape
the future to come so you have four
fullness these are your life
technologies where you find medicine
where you find Agrotech fertilizers
chemicals then you talk about
multiplication this is your Industrial
Technology
interchangeable parts and labor that
make it possible for you to produce in
mass and multiply
then you have your technologies for if
are listening replenishing this is your
financial technology
what is golf in techno
from the very invention of money as a
commodity became paper and then it is a
total it’s now an alert so if you get a
lot now Godwin aha
then you have the next type of
technologies actually have shaped the
imagines of Nations much more than any
other technology which is your
navigation technology starting from
Noah’s Ark to US aircraft carriers to
space X
[Music]
navigation technologies determine who
the superpowers are whoever dominates
the technology controls global trade and
determines the cost of other nations it
has the reason why u.s. is called the
superpower is because they have must not
best acknowledge much more than others
you don’t need to have your own Navy if
you’re an importer here and you ordered
a container the reason why it comes to
you safely is because some people are
patrolling business to make sure that it
happens
so this technology is very critical and
any nation that hasn’t mastered it tends
to lag behind so you’ll you’ll
understand why I haven’t challenges with
me because we are yet to master this
technology the fifth one you have
digital technologies the technologies
that enable you to create symbolic
representations of physical objects or
ideas and to manipulate them so a
combination of these five technologies
has been more than any politician
responsible for the course of human
history and will determine what he when
history would be all about
now this come these technologies are
waves so they combine what you have seen
over time starting from when the
nation’s that was first born because
before then what you had where
city-states you didn’t have nations like
we did not until the 16th century when
Netherlands became the first nation
state and then other nations they
started to form so this technology
smallest have been doing shaping it now
if I tell you
you you will have a question yeah my
whatever law
and the other things that make society
work well I want to submit to you that
actually the body of laws is digital
technology what you call the
Constitution is your operating system
now I’m laying a ground because I want
to bring it home to explain the reason
for the very high unemployment we have
as a people the first week I talked
about six hundred million people in
Africa who are below thirty years of age
I think 77% of Nigeria’s population is
below 35 years of age we have 90 million
people of working age but only 20
million economically active this is the
reason for the very huge gap between the
size of our GDP and the taxes that we
collect to run government
so a huge population is both an
opportunity it is always crisis now
forget about the statistics if you don’t
have a job the unemployment rate for you
is not represented so we have an army of
what I call ninjas
no income no jobs and assets and the
reason why they are ninjas is because
they are neat they are not in education
they are not in apprenticeship or
training now the wicked mammoths that
they find themselves in actually a
situation now for those who are familiar
with a scientific concepts this what is
called the Heisenberg uncertainty
principle so you’re trying to measure
two attributes of a point particle you
are trying to measure is much you are
trying to measure its velocity and you
cannot do both at the same time so it’s
a classical problem in physics now a
wicked mahmud is equivalent in the
social sciences when you have
multi-dimensional risk that is wrapped
in all certainty you have a wicked
manatee now how do you tame neat ninjas
who are in wicked mallets the word tame
there is not it’s just an opponent
basically how do you transition
applicants to mainstream economies so
basically this is what is all about now
it is obvious that what you don’t
ignorant is bliss what you don’t know
what you know if you don’t know that you
are in a wicked mummy you will actually
think is either your mother-in-law or
some witch in your village that is the
actual mummy but it’s a situation that
we have created in our environment that
makes it very difficult so I was very
excited when I heard that’s why I
skipped a part of my presentation when I
had the intention on honey
because many years I used to do
trainings for all sides of institutions
banks companies and so on but I stopped
doing it and whenever I’m called to do
trainings I said no I am tired of death
by PowerPoint you know so you create
slides you teach people because it took
a lot of bet on my own part to learn
these things that I had learned and the
people who could afford it I didn’t see
them putting it into you so I supply
because it was difficult to see the
correlation between training so I knew
something was wrong
it is both a good thing but it should
get you worried because when you have a
situation where only one state produces
about 72 percent of the what that is
shared by all other states
you have megacities when the whole
nation is populated by rural areas small
towns it should get us worried because I
don’t know if you’ve had public sector
peoples that tell you that the private
sector is the engine of growth well it
is partially correct but precise Bureau
it is not the private sector that is the
engine of economic growth it is cities
cities are the engines of economic
growth this is the reason why people are
migrating they want to go to places
where there are more opportunity
oh they migrate for some they will come
from function to juice some will the
Sahara root drawn by the glory of Europe
and America so but people are searching
for opportunity so when you have such
now I need to explain the significance
of this if 70 million people work log of
70 million people
if you need get jobs for them we’ll need
to create thus you hold the number
constant
you need to create three to four million
jobs on one just so hot and if you need
to decimate it you need to create a
million jobs unmodified for Lowell
undertaking
we have capital adequacy issues
but more importantly
we have not become the type of people
that knows how to deploy capital to
allocated
so we have a serious capital allocation
challenge so what you see about creating
jobs is mostly tokenism now there are
about eight human settlements that you
will find generally in every society
except for very advanced countries like
Germany that organize completely since
1890
you will find a city
multimodal transportation you will find
a large town
you will find a small town you will find
a village that is very proximate to
either of destiny then you will find
another type of village that is the
source of sell raw materials whether
agricultural or mineral and then you
will find some that are very far some
other villages that are very far from
this so no infrastructure they are not
connected to the network of
productivity-enhancing infrastructure so
if you want to create jobs unity under
sun 5 dynamics the inequality that you
see before you used to talk about the
haves and the have-nots but if you look
at the list of billionaires you need to
talk about we have nots and behaviour
because a very good percentage as of
2016 global GDP was about 70 a trillion
dollars
if you divide this per capita is sixteen
thousand dollars for the seven point
seven billion people on the earth
why is it that some have your cheese and
some are barely scraping by the reason
is hitting in this settlement patterns
it’s very difficult for you to file a
patent when you’re living in a village
so when you look at the GDP numbers are
growing it is a good thing but we should
be alarmed because inequality is
spreading
and the more unequal as Bob Molly will
say then every day is war so it’s
important to understand the dimensions
of inequality inequality has five
dimensions you need to understand its
Hydra headed otherwise it will be
difficult for you to create the right
type of policies as a government
national government or as a city or as a
company how to convert this mass of
population into opportunities one there
is inequality in productivity
the reason why we are challenged
economically is not that the poor are
poor this one is known is a given the
reason is that our elite are not as
productive by the as their counterparts
in OECD so we have an inequality gap in
productivity
and you measure productivity by time by
cost by quality and by flexibility now
recall we started out about the five
technologies basically this what
technology helps you to do it either
reduces the time it takes you to do
something or speeds of the time when you
want to travel or you want to produce
there’s always an element of time
quality is important I mean just imagine
getting into a Japanese and saying to
him can you make a fake Honda for me if
he doesn’t feel insulted he will be
dumbfounded because he doesn’t know how
to do substandard things anymore because
quality has been programmed into their
genes where he had to attain that level
of consciousness
and practice village he talks about
variety unkind the second type of
inequality is inequality in
opportunities where you live to a large
extent all the time and the
opportunities available for you to
either go to school or access to
healthcare life-saving drugs the
benefits of technology third type of
inequality that you will see is
inequality in which is what really the
most talked about oh they’ll run 11
million Nigerians that is an be a
statistic living below the poverty line
then you have inequality in welcome
you know poverty is a tran is
transmissible is a community you can
transmit from one generation to the next
the same thing with work
and then finally you have inequality
spatial inequality so the submission
here is if we need to do something about
it
want to introduce a concept the callee
that I call
the white potion those of us who are
familiar with we’re in a business school
environment are usually familiar with
the blue ocean but if we need to make
progress we need to go beyond the blue
ocean those who did some elements of
science and secondary school atonia tell
you about rightly so there are more
numbers beyond blue but what really is
the blue ocean oh really what is the
going beyond the blue ocean digitization
as a technology by the process of
combining toriel evolution is
aggregating all of the other
technologies into the digital realm so
the seventh human settlement patterns
have been taking into the digital domain
so your city is now the data center and
your village is now your mobile phone so
anything you are designing be conscious
of this
otherwise I will repeat this proverb if
you have a headache and you decide to
come here here you are very close to the
problem but very far from the solution
thank you
[Applause]
[Music]
what in the world is happening in the
world trying to make sense of all of it
why why is the world the way the why the
world the way it is
well I think it’s it’s a it’s a
continent
it’s a big ocean of people of ideas that
maybe has been flowing if you like for
those who are science oriented from the
Big Bang but essentially the quiet force
drive in humanity driving economies
driving the way that we relate with the
world has actually been technology
politicians come and they go
governments change Kings reign but the
impact of technology has been that ocean
that river flowing that has shaped the
course of history and will shape the
course of history for decades to come
well Silicon Valley and all the
technology hubs in the world will
celebrate specific technologies it so
happens that the complexity in
technology there is an underlying
simplicity in it that is driving it
there are only five types of
technologies for those who are familiar
with their Brahim acquits and the
writings of Moses he will say God
created man male and female and He
blessed them being fruitful multiply
replenish the earth subdue it have
dominion these are metaphors for the
four categories of technologies so I
will call them five technological waves
that are shaped human destiny will shape
the future to come so you have four
fullness these are your life
technologies where you find medicine
where you find Agrotech fertilizers
chemicals then you talk about
multiplication this is your Industrial
Technology
interchangeable parts and labor that
make it possible for you to produce in
mass and multiply
then you have your technologies for if
are listening replenishing this is your
financial technology
what is golf in techno
from the very invention of money as a
commodity became paper and then it is a
total it’s now an alert so if you get a
lot now Godwin aha
then you have the next type of
technologies actually have shaped the
imagines of Nations much more than any
other technology which is your
navigation technology starting from
Noah’s Ark to US aircraft carriers to
space X
[Music]
navigation technologies determine who
the superpowers are whoever dominates
the technology controls global trade and
determines the cost of other nations it
has the reason why u.s. is called the
superpower is because they have must not
best acknowledge much more than others
you don’t need to have your own Navy if
you’re an importer here and you ordered
a container the reason why it comes to
you safely is because some people are
patrolling business to make sure that it
happens
so this technology is very critical and
any nation that hasn’t mastered it tends
to lag behind so you’ll you’ll
understand why I haven’t challenges with
me because we are yet to master this
technology the fifth one you have
digital technologies the technologies
that enable you to create symbolic
representations of physical objects or
ideas and to manipulate them so a
combination of these five technologies
has been more than any politician
responsible for the course of human
history and will determine what he when
history would be all about
now this come these technologies are
waves so they combine what you have seen
over time starting from when the
nation’s that was first born because
before then what you had where
city-states you didn’t have nations like
we did not until the 16th century when
Netherlands became the first nation
state and then other nations they
started to form so this technology
smallest have been doing shaping it now
if I tell you
you you will have a question yeah my
whatever law
and the other things that make society
work well I want to submit to you that
actually the body of laws is digital
technology what you call the
Constitution is your operating system
now I’m laying a ground because I want
to bring it home to explain the reason
for the very high unemployment we have
as a people the first week I talked
about six hundred million people in
Africa who are below thirty years of age
I think 77% of Nigeria’s population is
below 35 years of age we have 90 million
people of working age but only 20
million economically active this is the
reason for the very huge gap between the
size of our GDP and the taxes that we
collect to run government
so a huge population is both an
opportunity it is always crisis now
forget about the statistics if you don’t
have a job the unemployment rate for you
is not represented so we have an army of
what I call ninjas
no income no jobs and assets and the
reason why they are ninjas is because
they are neat they are not in education
they are not in apprenticeship or
training now the wicked mammoths that
they find themselves in actually a
situation now for those who are familiar
with a scientific concepts this what is
called the Heisenberg uncertainty
principle so you’re trying to measure
two attributes of a point particle you
are trying to measure is much you are
trying to measure its velocity and you
cannot do both at the same time so it’s
a classical problem in physics now a
wicked mahmud is equivalent in the
social sciences when you have
multi-dimensional risk that is wrapped
in all certainty you have a wicked
manatee now how do you tame neat ninjas
who are in wicked mallets the word tame
there is not it’s just an opponent
basically how do you transition
applicants to mainstream economies so
basically this is what is all about now
it is obvious that what you don’t
ignorant is bliss what you don’t know
what you know if you don’t know that you
are in a wicked mummy you will actually
think is either your mother-in-law or
some witch in your village that is the
actual mummy but it’s a situation that
we have created in our environment that
makes it very difficult so I was very
excited when I heard that’s why I
skipped a part of my presentation when I
had the intention on honey
because many years I used to do
trainings for all sides of institutions
banks companies and so on but I stopped
doing it and whenever I’m called to do
trainings I said no I am tired of death
by PowerPoint you know so you create
slides you teach people because it took
a lot of bet on my own part to learn
these things that I had learned and the
people who could afford it I didn’t see
them putting it into you so I supply
because it was difficult to see the
correlation between training so I knew
something was wrong
it is both a good thing but it should
get you worried because when you have a
situation where only one state produces
about 72 percent of the what that is
shared by all other states
you have megacities when the whole
nation is populated by rural areas small
towns it should get us worried because I
don’t know if you’ve had public sector
peoples that tell you that the private
sector is the engine of growth well it
is partially correct but precise Bureau
it is not the private sector that is the
engine of economic growth it is cities
cities are the engines of economic
growth this is the reason why people are
migrating they want to go to places
where there are more opportunity
oh they migrate for some they will come
from function to juice some will the
Sahara root drawn by the glory of Europe
and America so but people are searching
for opportunity so when you have such
now I need to explain the significance
of this if 70 million people work log of
70 million people
if you need get jobs for them we’ll need
to create thus you hold the number
constant
you need to create three to four million
jobs on one just so hot and if you need
to decimate it you need to create a
million jobs unmodified for Lowell
undertaking
we have capital adequacy issues
but more importantly
we have not become the type of people
that knows how to deploy capital to
allocated
so we have a serious capital allocation
challenge so what you see about creating
jobs is mostly tokenism now there are
about eight human settlements that you
will find generally in every society
except for very advanced countries like
Germany that organize completely since
1890
you will find a city
multimodal transportation you will find
a large town
you will find a small town you will find
a village that is very proximate to
either of destiny then you will find
another type of village that is the
source of sell raw materials whether
agricultural or mineral and then you
will find some that are very far some
other villages that are very far from
this so no infrastructure they are not
connected to the network of
productivity-enhancing infrastructure so
if you want to create jobs unity under
sun 5 dynamics the inequality that you
see before you used to talk about the
haves and the have-nots but if you look
at the list of billionaires you need to
talk about we have nots and behaviour
because a very good percentage as of
2016 global GDP was about 70 a trillion
dollars
if you divide this per capita is sixteen
thousand dollars for the seven point
seven billion people on the earth
why is it that some have your cheese and
some are barely scraping by the reason
is hitting in this settlement patterns
it’s very difficult for you to file a
patent when you’re living in a village
so when you look at the GDP numbers are
growing it is a good thing but we should
be alarmed because inequality is
spreading
and the more unequal as Bob Molly will
say then every day is war so it’s
important to understand the dimensions
of inequality inequality has five
dimensions you need to understand its
Hydra headed otherwise it will be
difficult for you to create the right
type of policies as a government
national government or as a city or as a
company how to convert this mass of
population into opportunities one there
is inequality in productivity
the reason why we are challenged
economically is not that the poor are
poor this one is known is a given the
reason is that our elite are not as
productive by the as their counterparts
in OECD so we have an inequality gap in
productivity
and you measure productivity by time by
cost by quality and by flexibility now
recall we started out about the five
technologies basically this what
technology helps you to do it either
reduces the time it takes you to do
something or speeds of the time when you
want to travel or you want to produce
there’s always an element of time
quality is important I mean just imagine
getting into a Japanese and saying to
him can you make a fake Honda for me if
he doesn’t feel insulted he will be
dumbfounded because he doesn’t know how
to do substandard things anymore because
quality has been programmed into their
genes where he had to attain that level
of consciousness
and practice village he talks about
variety unkind the second type of
inequality is inequality in
opportunities where you live to a large
extent all the time and the
opportunities available for you to
either go to school or access to
healthcare life-saving drugs the
benefits of technology third type of
inequality that you will see is
inequality in which is what really the
most talked about oh they’ll run 11
million Nigerians that is an be a
statistic living below the poverty line
then you have inequality in welcome
you know poverty is a tran is
transmissible is a community you can
transmit from one generation to the next
the same thing with work
and then finally you have inequality
spatial inequality so the submission
here is if we need to do something about
it
want to introduce a concept the callee
that I call
the white potion those of us who are
familiar with we’re in a business school
environment are usually familiar with
the blue ocean but if we need to make
progress we need to go beyond the blue
ocean those who did some elements of
science and secondary school atonia tell
you about rightly so there are more
numbers beyond blue but what really is
the blue ocean oh really what is the
going beyond the blue ocean digitization
as a technology by the process of
combining toriel evolution is
aggregating all of the other
technologies into the digital realm so
the seventh human settlement patterns
have been taking into the digital domain
so your city is now the data center and
your village is now your mobile phone so
anything you are designing be conscious
of this
otherwise I will repeat this proverb if
you have a headache and you decide to
come here here you are very close to the
problem but very far from the solution
thank you
[Applause]
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