How Gen Z Will Build the Next Billion Dollar Companies
FULL TRANSCRIPT
A lot of people remember the 2022 Boner
show because if you me
that people wait had to be delayed for
like 5 hours cuz we had audio issues.
Fun fact, Bon didn't agree to do this
show until 199 because he was also
skeptical that are we going to be able
to produce this thing at the level that
they wanted. Now if you look at the
production community in Nigeria these
people that produce shows they didn't go
to any school to train to become
electrical engineers. Just some guy who
has been around for a while who just
joins wire. There's this guy who has
been doing Tai Chi with the wiring under
the stage for the event, right? Bon boy
has a 35 man band that requires mics,
right? Boom. 11 mic blew off. Need
concerts. There was a point that I went
off stage and people were stoning me
water. Me and Jimmy the host were
telling us P and bottle on the stage. We
had 100 tables. He sold at 5 million. I
have 25,000 people in the crowd who are
paid for tickets. All my brain was doing
is how we going to refund this people.
This show doesn't happen. A lot of
people playing Boner D. It wasn't
Boner's fault. And I think for the song
he come and say for the first time right
it was Nigeria that happened to all of
us bro when Boner finally climbed on
stage and he
said Mike blew for the first one of the
performance I was moving microphone from
a guy playing trumpet and guitar so that
okay let me make trumpet small
he is the architect behind moments you
live like Bernab boy Ashake and Rema
sold out concerts with crowds of over
60,000 people dio is a product visionary
cultural strategist and one of the most
trusted minds in Nigeria's tech and
entertainment scene. A lot of people
don't know this which brought back
Niger. Yeah. And it was a way for
acquisition for which at the time
because then in the beginning when came
back the only way he could vote was
through Wat. We thought that was drive
acquisition for culture and the behavior
of people it's strategy for breakfast.
But this episode isn't just about what
he's built. It's about how he sees the
world. Nigeria is the only place where I
see a global movie superstar or a global
Nigerian superstar doing Tik Tok kids
super movie. You see people laugh at it
and I'm saying it's the Nigerian way.
What the skit guys have done from
themselves. I've not seen it anywhere
else in the world. Can you talk a bit
deeper about Gen Z's? This is a
generation that is not inspired by how
much you pay them. What they really care
about is this conversation is a
masterclass in product thinking,
cultural pattern recognition and
building for the new Africa. December
did not grow organically. It was
strongly engineered by
so Dio when people listen to this
podcast they may be in their car they
may be on their way to work somewhere
maybe they're working out and I want you
to first think about if someone was to
see this video with your name and they
click into it what would you want them
to know about building in Nigerian being
a builder it's an impossible game man
like it's an impossible game The game
doesn't have a manual. It doesn't have a
route. Um, and for everything that you
are playing it, you are creating new
levels that the next person playing the
game is not seeing, right? Um, building
Nigeria is like it's one of the hardest
thing anybody can try to do, right?
Well, it is possible, right? Um, and you
know, one of the things I've sort of
been very bullish about
is building great things visa.
Um, we can do it from here.
Nigerians can build products that can
compete with what we have in the world.
We just have to build the Nigerian way.
And once you understand what the
Nigerian way means, right? Uh building
becomes fun and there's no formula to
it. And building Nigeria defies every
economic theory you've ever been taught
in school. Trust me, whatever they
taught you that KA said, uh it doesn't
work in Nigeria, right? Um but then he
has his own he has his own strength
also, right? And as in I tell people
this the Nigerian Nigeria itself is
designed for a Nigerian only to win.
And if you look at the history of
businesses or people that built
successful things in this country,
they're not foreigners. They're
Nigerians. And once you just understand
what the Nigerian way is, it's hard is
an is an impossible ride. But then you
keep writing and you'll find success.
Yeah. M so you know also I'm really
excited for this interview because we
have known you for years right and
anytime I step into your office I leave
with a
new a new way of thinking and building
products and so you sit at the
intersection of tech culture and
behavior for over a decade from telos to
we chat um to launching Patty Betts and
I want you to talk about specifically
this thing of building, right? Um what
are some particular behaviors that are
that you think are unique to this
country as you're building products?
Like how do you think about it? So yeah,
um like like you know like I said
earlier, right? Finding what the
Nigerian way is. um you know this yes 10
years is when I sort of been actively
trying to do this but this thing started
from when I was just young like high
school you know what I mean and what I
found is over time I've come to find
what the important patterns are and what
sort of makes us right and is that
Nigerians are the most hopeful group of
people I've seen in the world right
we're so hopeful like is that's
literally what drives everything a
Nigerian does and what I found is if
whatever product you're building can
inspire hope you have a chance and when
you do the math you look at what are the
biggest product that do the biggest
numbers in this country they're product
that say hope at a very at different
states um and and because when you look
at Nigerians also right Nigerians sort
of because they don't trust anything
that they find you know because of how
sort of been raised and what the economy
the country has been like right we
distrust things that come top
down right and we celebrate things that
goes comes from down that sort of feels
original and and which is why the grass
of gra forever sell, right? Um once you
can find that single line that sort of
connects everyone and build on that line
um yes it's and it's hope it's really
hopefully then we can now break this
down to different uh segments right well
is really the product needs to inspire
hope and you see if you go to social
media today why is every kid on Tik Tok
because one day they want to be Pella
the 18year-old kid from nowhere was
become successful that's what social
media has done for them right is sort of
broken the barrier and give them reason
that with my phone I can become a
superstar someday you know um and that's
what I found every successful product
inspired
hope and can you talk a bit deeper about
Gen Z specifically right what are
behaviors you're seeing here and the
reason why I'm curious about this
particular segment is because all over
the world Africa has the youngest people
in the world right literally in 10 15
years every probably for one person it's
probably going to be a Nigerian in and
they're going to be young. So, I want
you to talk about the interesting
behaviors you're seeing with them that's
different from others and also like how
you think about building businesses and
what businesses we should be building
for them. Great. Um, you know, that's
one generation that inspires me a lot,
right? Even though I'm sort of a old
millennial, I still think I'm I'm like
them and looking at how my story
started, right? Um, and what I find very
interesting with this generation is I
said they're going to be the greatest
work force the world has seen and
specifically Nigerian Jazz and because
they're not inspired by pay and I can
tell you right um this is a generation
that is not inspired by how much you pay
them. I promise you they are cost
driven. What they really care about is
I'm part of building something. my boss
loves me
and you know I've had to work with this
young people like today I promise you
99% of the guys who work my team are at
Genenz's and I'm telling you that for
all the big concert and the great
product that we built is always and
people don't understand this right
they're first timers it's the first time
the kid who build the bed hop that
changed what music streaming was was
straight out of university it's the
first time was going to build anything
like that all the kids work at these
concerts that we do also I promise you
it's their first time Mhm. M right and
and what this generation reminds me of
is this is how the pyramids were
built. There were guys who were not
engineers the guys who build this
pyramids and this great wonders of the
world. They didn't go to any school to
study engineering but they had sheer
will and they driven by a cause and for
every time when I see them come together
right and because I had to do this
concert I sort of gathered this young
kids in large numbers and I just say
wow this are a different type of
generation they're different type of
movement right and once someone once you
can find something to inspire them as a
whole Niger will be unstoppable
D Let's go back to your journey with
WeChat. You and I have had private
conversations about some of the insights
you had while at WeChat. Why did WeChat
fail in Nigeria at the time? And what do
most foreign tech companies still get
wrong about entering African markets?
So, you know, um which was trying to
build for us and they're trying to build
a product and not power our culture and
who we really are, right? And and I'll
give you a very crazy example of the
experiences that we had right I
remembered when I joined WeChat
um it was myself my friend Eiday I was
DJ experience of West Africa and we're
coming up with different strategies you
know a lot of people don't know this
which brought back Niger yeah that yeah
BBN you know and it was a way for
acquisition for at the time right we're
trying to because then in the beginning
when Niger came back the only way you
could vote was throughout we thought
that was drive acquisition um I remember
we invested a lot of tech product also
we're trying to do So that is called
official account. We're trying to do
things the witch chat way for Nigeria,
right? But culture and the behavior of
people it's strategy for breakfast. And
I remember fast forward to 2015
December, WhatsApp wasn't doing nothing.
WhatsApp had no office in Nigeria was
beating us with the numbers, right? We
were doing promotions, we're doing ads.
We spent billions in marketing. um we're
probably doing 900 800k active users
monthly. By December of 2015, I sat down
with my team and I'm like, we have to
find a way. I have an idea. We've done
tech. We've done all the things that
they told us to do by the product. Let's
try the Nigerian way. I remember telling
Eid that guess what I know the people
are redeem. I grew up in redeem. Let's
go to church. Church. And between me and
you in a week in December, we literally
created an account within WeChat that
publishes Open Heaven. We went to the
redemption camp. Our entire spend was
that TZI was started at the time. Teti
was starting at the time Wi-Fi. Teti set
up Wi-Fi for me at the 100,000 NRA for
people to be able to download Richard.
That was our only cost. We printed one
banner for 20,000 NRA and we had on the
screen listen to pastor boy on WeChat in
that week we had 3.6 6 million new
users. I promise you it was crazy that
in that one week of the church congress,
right? And culture worked understanding
what people wanted. But of course at the
time the Chinese people don't touch
religion. Um and we've tried everything
else that we spend money on, right? And
when they saw that what worked was
religion, uh it was like okay, this is
not the country they want to be in,
right? And and what it is is everybody
try to sell products to us and that's
what everybody miss. And because the
social culture or or sort of what makes
us as a people is different and you know
the big lesson I took from witch and
which is where I sort of found the
answer right and which I said hope and
the things that around it right is I
realized what did we do wrong you know
what I mean after I left out and I was
going to start the next venture I'm like
what did we miss and it was then I
realized that there's no two culture in
the world that share the same soio
economic
structure no two culture because it sort
of made me to sit down and sort of had
big questions. Um, we were all trying to
solve social payment, communication,
social payment. That's what that's what
the goal was. That's what I was trying
to do. what works for them in China and
you know on one of my work trips I sat
down like okay so what did WCA do to win
in China and could not win anywhere else
because it was not just Nigeria they
failed which didn't work anywhere else
right it just works for in China and
very minute Asian countries that always
deal with Chinese people you know what I
mean and I realized that early on in
2009 2010 I remember when started Pa was
pushing mobile money mobile money didn't
work also and all of us were trying to
do the model create the money that
worked in Kenya in Pesa. And so I it now
made me see what we all missed. And what
I found is that this products or this
platforms that we all celebrate today
solved social problems, not technology
problems, right? And Pesa solved a
social problem, right? Unlike me that
Nigerian, right, that grew up here, even
in my village in Bora, there's a UBA
bank. So, you know, when people tell the
bank story, it's not straightforward.
There's a bank in the remote village of
Nigeria. There's a bank. But if you go
to Kenya, it's a different case. Once
you leave Basa Nairobi, you're driving a
100 kilometers is all wilderness and
safari. And what you find is every child
in Kenya is trying every young person in
Kenya is trying to move to the city to
walk to send money back home solve the
social problem sending money back home.
The people decided that this is going to
be our payment for every platform that
congregates. It's not technology that
decided the people decide that oh this
is what we want to do with this platform
right and I found out with Empessa and I
like okay it solved the problem to Kenya
I looked at the UK we all travel the UK
is tap to pay cards and I realized that
okay T2 hasn't worked anywhere else as
has worked literally passed 99% of their
of their own economy and it was because
they had the the trains the
underground which was built the biggest
thing in the in the UK the is the train
transportation that's what everybody
uses right and the way you move around
is that you tap the car the cards the
oyster cards to go around so it was
natural for cards and tax pay to become
the thing that they use also WeChat on
the other hand solve the culture problem
in China you know Chinese people sort of
live in communities right in small small
communities and what you find is that
guy has woken up to work in the factory
in the morning coming back in the
evening is texting the neighbor oh I
need two Shinshen two fish packs and why
because for the first time today if you
go to to the Arab countries and you see
them use chat like WhatsApp they don't
text like you and I they use voice notes
more and because nobody has figured out
how to put the Arabic in the way in
natural form on the keyboard even you
find out they all use voice notes rather
than texting so we was the first person
to put modern Mandarin on the keyboard.
So it became a natural way for Chinese
people to communicate and that's what
was the social drive. Um and I looked at
every society to the US and why cash was
successful in the US and not anywhere
else and because cash applied the
username the US gave the entire world
usernames and then I realized that every
society you know we celebrate these
great products but every the society in
the end decides what the products will
be and what it is for them. You know
what I mean? and coming back home to
Nigeria, right? It was then I realized
and I asked a big question. So what was
it for us? Uh and then we found it, you
know, and and that's sort of the things
that you learned from all of these
things, right? Is um you have to build
with the culture, not for the culture.
Oo, you you dropped some gems right
there. Um I I'm curious, speaking of the
culture, what do you think is unique to
us? like things that you still think
people haven't really solved or not or
haven't really thought deeply about our
culture. Okay. So, you know, there
there's a good example I give, right? I
said, you know, in as much as you go on
social media today and you see a people
bashing Euroba people, bashing Osa
people or bash and we even go I said I I
come I said Nigeria we have something I
called divided unity,
right? I call it I call it divided unity
and why it's
because when it comes to and we're
bashing ourel when next day chica and
are going to marry themselves right and
then let the Kenya person come after
Nigeria able
person the whole 268 ethnic group is
coming for you
um and we have and in that lies
something very very big and this is the
one thing that has broken Every
prediction that economics and the world
has had about Nigeria that divided unity
gives us a full sense of for ourselves.
Nigeria is the only country in the world
you do not have a job you do not go to
work you can live in bar
[Music]
island use an iPhone
6 and drive
anas because your uncle doesn't mind you
coming to live with him. M we have a way
of naturally subsidizing each other's
life.
That you will not find anywhere else in
the world. Interesting. If for every
Nigerian that you see to the smallest
level of a Nigerian, there's three four
people that they subsidizing their life.
And so that divides every economic
projection you want to make in
life because you have one cousin that
can reach out to you that says
AAI and you're going to send it, right?
And when you average just look at the
bank statement and see what they spend
money on, you see that 35 to 30% of your
entire revenue or money that you earn
goes to you subsidize other people's
lifestyle. And this you will not find
anywhere else. It's literally what has
power the country for the longest and
it's unique to us. And I keep saying if
somebody can build on this social
structure. See if you I when I sat down
with top government official and we're
talking about trying to empower 3
million people and that's I'm like no
you don't need to empower any of Nigeria
just empower 10,000 cons but one person
it just takes one guy to blow the entire
family has blown. No
and you see the structure in every
industry you know music industry it's
just one Davido but there's like 15 guys
around him every day. Most kids are
going to super private
schools and this structure is is huge
and I keep saying if we can build on
this then we'll find the gem of how big
and powerful our country is. We watch
out for ourselves like nothing else.
It's it's you know we everybody praises
the evil culture. It's not just of how
the ebo businessmen bring their
brothers. It's not just the evil guy.
It's it's across the entire formation of
how we Nigerians are. We look at guess
what even to your coral politicians the
guy is taking 50% of what is stolen to
subsidize life of poor people
and that's sort of what has sort of
helped the fragment of of of our country
called Nigeria right if we can build a
real system around this
irregularity would find something that
is phenomenal in this
and so now you speak about you built
products you've filled stadiums and
you've shaped culture right what do you
think is the the line that connects all
these things you do and what type of
legacy are you trying to build? I want
the generation after me to
say that build things that give us
permission,
right?
Um and because you know we're sort of
raised to always ask for permission.
We are raised to ask, oh, I want to do
this. And I'm
saying if we can sort of cross that
barrier where you always ask to ask for
permission to do things. You know I I
have I have one very rogue mantra that I
share with my friends. I say see don't
ask for permission or because they won't
grant you. Go and do it and ask for
forgiveness. You know what I mean? And
because permission doesn't come right
we've had to fight for everything that
we own today, right? And yes that's it.
I say I want the young people to say
this guys built a structure that gave us
permission to do whatever we can dream
of right and it's sort of how I see us
achieving that goal and it's what this
tiny social platforms are doing nobody
doing at scale right and and if you look
at every single product I sort of tried
to build that's what it is from MTM PS
back in the days it was a time where
we're all in school and we're young
students and I'm paying the same tariff
my mother and my father who is a rich
guy pays and I'm like no can create
something different and it was how we
created MTM pulse which was unique at
the time was the first youth product in
the entire country and what MT did
differently was that I said network we
can use your cell mast we all connect to
a particular cell mast right you can
know that all of us that live in this
region are students can our tariff be
lower you know and that gave permission
because then people now have no phones
that could use internet for the first
time people could open Facebook accounts
they could have WhatsApp um and it's
sort of how I sort When we built bedu
also the same thing before we built bedu
the music streaming app the only way
your music gets on a platform you have
to go through some big distributor or
lib is to sign you but we do a platform
that from your phone upload your song
and the world will hear
you right we put up billboards all over
the country and saying as long as you
can sing those billboards are for free
come into this building we'll put you on
a billboard and people will hear your
song and and I think that's it like I
want to say this guy built something
that gave us permission um to create at
no limit.
D let's go back to not just the
beginning but around the
DTI story right you had worked with Mr.
easy at the beginning of his career,
right? What can you talk to us about
that period of time and especially now
that this December has exploded into
this global phenomenon for the diaspora?
What does that mean to you now from both
a legacy and product perspective? work
us through how the word even detsy with
dirty wave and then now December evolved
you know you know uh I was at the gather
early in the year and someone very
influential in the ter was saying that
oh um you know seeing that death that
grew organically has become a thing and
I smiled I'm like no 30th December did
not grow organically it was strongly
engineered by group of young dreamers in
2016 you
Um Mr. was my very good friend and like
you said his career self started well we
were friends and you know when I tell
this story it's quite interesting when
easy started singing I did not believe
in the music
career because at the time it was only
started I was really doing fine I was
working for a company called 440 and we
had I expered in like 10 businesses and
of the 10 business we invested in he had
the best one that was really doing good
the other guys didn't have a chance of
being successful. The only way we sort
of defend back to our investors that oh
we have one successful guy and the guy
wants to go and be
singing you know and he wants to go and
be singing right and I know he come and
meet me that because I had my days in
telco we satus I love guys and like oh
dio I'm going to sing here I'm going to
do here go I follow him to studio
multiple times I'm like this guy focus
on the one that will give us money now
like this I know these music artist
these guys don't have money you know and
and he was hellbent on it and I remember
2016 and which is where you know when we
connect the dots is when you look back
and you connect the dot everything makes
sense that nothing no lessons learn was
a fluke um had to call out tons in 2010
then I met to right who was selling
phones literally and then who sings on
the side and then I remember I started
social betting literally patty bets if
you look at easy
today he's doing power pay and bet you
know bet power right Um, and I remember
him calling me in one money. If you go
on YouTube today, my first party bet
advertising ads, right? And I remember
him calling me February of 2016 and he
gets, "Hey bro, um, some guys invited me
to the UK to come and perform." I'm
like, "You that are still trying to get
your song to blow in Nigeria? Who is
inviting you to come and perform in the
UK?" That, "Oh, will I come?" I said,
"Come and with you?"
No. He left. He went and I remember him
texting me that night and saying, "Hey,
bro, they just paid me £5,000 to perform
at a club tonight." I'm like, "Wait,
what? Somebody paid you which song?" And
you know, I was like, "Wait, do you mean
it?" He's like, "Yeah, serious." I'm
like, "How do you know about the song?"
And he goes, "Oh, you know, iTunes and
Spotify where I've put the music and to
cut long story short, it was real." And
I remember him sending me this part
dance for me that became the global
eight. And I remember taking that song
trying to hustle the song. I took the
song to bank cuz banki ran one of the
biggest vast compi this song is going to
be a hit song you guys should give us
money for it cuz the only way we knew
how to monetize them was get money from
coll guys I remember bank stud and
saying you know and the song went on to
be a global that particular year had
gone to to do the roundhouse show first
Nigerian artist to sell out halls right
he did the place the in New York you
know how was it in Nigeria and we're
just looking at everything and we're
going to come back home I was like you
want to come and do a concert back at
home true story and this is how
disabired. Um that year 2016 where it
became a
sensation. We're going to go and do the
we're going to do this concert at what's
it called?
Um it was not landmark. The place beside
landmark. Um is it where the Chinese
restaurant is? Chinese restaurant.
Oriental. No, no, no. The Shiro Harbor.
We're going to do Adro Cafe because it
was a new artist. I wanted a small place
that just 1,000 people will be in and
we'll call it a day. Yeah. Right. And
then clay we went to adro we have
literally closed adro we have done the
wrecky the show will happen here we can
easily gather a thousand people in this
place so it will be a nice
show ad slide us for a bigger artist
literally that oh there's a big artist
wants come and use the place Mr. was not
big enough and then we're forced to go
to Landmark. Landmark was a big venue.
It was like, can we sell Landmark? I
remember on the same day of that show,
David had a show at oriental.
Really? Yes. On the same day, David had
a show at oriental. To cut long story
short was sold and for a lot of things
that became culturally style from that
show because we had tech background. We
had a guy called buyer who built Mr.
Easy.com. So we only sold our tickets on
our own website, right? We create our
own structure for selling between me and
you because we're not just we're
expecting just 1,500 people. So we
didn't put a cow to the ticket that
we're selling. The place was filled to
the brim that they almost shut us down.
We had over 3,000 people. I was there.
People were trying to struggle to gain.
It was ridiculous that they had
accreditation. And credit to Clay
because it was Clay that had to create
all of these matters at the time. And
that was the foundation of what death
sent by today because the crowd that
sold that show for us was the IGGB guys
who had listened to skin tight in
London.
The following year was 2017. At the time
there were only two big venues in
Nigeria. It was a hotel that could only
take 4,500 people and landmark that
could just take two five people. And
then we just did the math like we can do
more than this number. So mean that
there's no venue that can sell the
number of people that we wanted. And
that's what made us go to Ghana. Yeah.
And the Ghana story becomes more
interesting because now this is where
and HA became friends cuz HA was a
flutterwave and Flutterwave was trying
to enter the Ghana market. Yes. Right.
And the same emmo get us people and we
conclave powered our payments on the
site. We all went to Ghana. We took
Labadi Palm Beach which was a bigger
venue. It was a craze. Everybody was
coming. It's amazing that and that's how
dirty December started because it was
called dirty literally started on our
phone in the WhatsApp group called dirty
party where the mini party was called
was called dirty party Lagos because
easy had a saying that used to say we
say oh dirt was a slang he used to just
use right and then it was our friend
Meister a Ghanaian friend of ours who
said oh guess what let's call this thing
dirty rave
and dirty rave was a first
time African and diaspora were going to
move solely because of music to a new
location and everybody flew to Ghana.
the tech community at the time we all
went there it is there now we at the
gates
battling selling tickets it was it was a
crazy day and that sort of set the
foundation for December um and every
single person has worked hard to kept to
keep that culture growing you know h
went on to
start year of return right and that's
what and it was a group of young guys us
working hard learning it It was in 2019
after the year of return no 2018
precisely there was a problem we found
easier as something called empower right
because people came from tech uh
background right and the goal with
empower was that let's find creat new
talent like him that didn't need record
labels or big money to sort of become
successful um empower was beautiful we g
you know about 100 kids were giving
money but we had just one great success
story Joe boy
yes
2018 we had to bring in Ray Cross to D.
I remember. Yes. Because we didn't have
African superstars that could sell that
could sell large numbers.
Yeah, I remember that it was only David
and Whis. They were the big superstars
that could sell big shows. You had to
combine like three to four African
artists to sell a 10,000 show, right?
Because we didn't have the venue. Yeah.
So by 2019, I saw this loophole. I'm
like, wait, if this festival is going to
become a thing, we need to create new
artists. which was why we started bedu
create platform that allow creates new
set of superstars that can sell these
big shows luckily for Afrobate 2019 B
boy remmerance came back right and then
we started bed and I remember the first
group of guys I went to call was HA I
sat down let's go and do future fest but
then happened to us we posted and we all
kept strategizing to how do we move
people h is our cheap mover of moving
people here Because those tank clubs was
a huge hit. 75,000 people told you we're
doing crazy. Now I guess how do we move
and we all sit down and you know when
somebody comes and sit down all of this
type organically it breaks my
brain you know to 2022 and we looked at
escape again. I said let's do feature
first and then Bonab boy was going
crazy. Guess what? Let's do Bon Boy.
Yeah. And the biggest shows before us
were shows that happened inside a hotel.
A co hotel at peak is 4,500 people. I
didn't realize it was that small when
they set up the tables when it's just
the table set up that they do now. It's
2,000 people or 25.
Wow. And you know, and I remember we're
going to do Boner Boy. It was
myself Casey. Everybody thought we're
mad. And what year was this again? 2022.
Yes. Everybody was sure we're mad. I'm
like, yes, we're going to do 20 20,000
people here. Echo Atlantic. Echo
Atlantic was going to be a big show. And
we did it. There was a lot of
problems, but we did it. 25,000 people
in one place. It was ridiculous. Yeah.
Walk us through cuz again for our
listeners and for the viewers, right?
What are some of those production
problems? You and I know cuz we talk
about it, but even something like
they're only setting equipment where
there's only one equipment or two
equipment in the entire Africa for a
production of that scale. Can you inform
our viewers about that? So again, even
though we were dreamers and wanted to do
big things, we were incapable because we
didn't have access to the equipment. And
like what HS said, true story, a lot of
people remember the 2022 Boner show that
people wait had to be delayed for like 5
hours cuz we had audio issues. Fun fact,
Bon Boy acquired something called a digo
mixer console. There was only one in all
of West Africa. One one they had done a
show for a two nights before in Ghana.
Know what I'm saying? January 1st was a
Sunday. Yeah. Friday night Aphroella
festival they were using the mixer
in
Ghana. So they're carrying this mixer
around just this Africa
man they plus tickets.
They were using the mixer in Ghana.
Okay. We wake up Saturday morning. Bona
boys team missed their flight back to
Lagos. Back to Lagos. No plane to bring
them. And I remember I was going to go
and ask people that have planes to help
us move these guys in. They come in, the
mixer didn't come with them. Saudi, we
finally get the private jet to carry
them. The mixer didn't come back with
them. Sunday
morning, we had to fly the mixer from
Ghana to Lagos. Mixer is in Lagos.
There's not a single person that could
operate
it. And that same Sunday we have to fly
a guy called Dio from London to Lagos
to operate this mixer to come and help
us
operate the mixer. You know what I mean?
It's is really ridiculous. I just want
us to pause here cuz I think it's very
important because even when we had we
from Lanway, right, he was explaining
the intricacies of real estate. We we're
using this to explain the intricacies of
concept production in Africa, right? So
you're saying that there's only one
mixer at the time. At the time last
there was just two in West Africa. Wait,
why is there only two? I don't I like I
I'm not really clear on what what is it?
So because productions before we started
doing big shows, people don't require
this scale of Yeah. equipment, right?
But then we have the Bonham boys, the
Remas who are now performing on big on
on war stage. O2 and that becomes the
requirement. Yeah. You know, today what
do we do in Nigeria? Nobody does a full
live
performance that requires that much uh
mix production. You know what I mean?
Where the ones who say I say we're going
crazy, right? Um and so we're trying to
do things that guess what a good example
you know there's an old story of Chris
cancelling a show in Kenya. They didn't
have the production equipment. Why even
going to remember show last year in
Kenya? They have to fly the same device
from South Africa to Kenya.
Wait, how big is this device? I don't
understand. This [ __ ] is just so big
like this. Just this. So they're just
flying this thing around like flying
flying. This difficult thing is so
frustrating. Like and is it expensive?
Like why why aren't there more? No, this
is like just 180k.
You must sing song. Yeah.
And you know and and this just half of
the story. You know what I mean? I
remember the Bona boy show, you know,
finally get this mix. Walk us through
that night like how was it? Oh god.
First Bona didn't agree to do the show
until 19th of December because he was
also skeptical that are we going to be
able to produce this thing at the level
that he wanted and we kept promising and
he's quite particular particular and we
said yes don't worry we're going to do
this [ __ ] So 18th of December so we
announced the show 19 21 that's going to
happen January 1st show sells out shows
ridiculous the show sold out don't worry
it was a big deal 25k people even me I
was in right and everybody gets there it
all started smoothly we finally got this
guy that can operate dig set
up and then talent this way to the real
problem now if you look at the
production
u community Nigeria these people that
produce shows they didn't go to any
school to train to become from
electrical engineer. It's just some guy
who has been around for a while who just
draws
wire. So obviously there's this guy who
has been doing Tai Chi with the wiring
under the stage for the event,
right? And boom, Bona Boy has a 35 man
band that requires mics, right? Boom. 11
mic blew
off. Need concerts.
The madness was so real. So now there's
no mic for boner boys guys to come and
perform. So we kept stalling with other
performances.
Nothing was happening. There was a point
that I went off stage and people were
stoning me pure water. Me and Jimmy the
host were telling us P and bottle on the
stage. Bro, between me and you guys that
day was like [ __ ] Sorry for my for my
English. I'm
like, we had 100 tables set up. He sold
at 5 million
naira. I have 25,000 people in the crowd
who have paid for tickets. All my brain
was doing is how we going to refund this
people if this show doesn't happen. This
show must happen somehow someway. Fire
call everybody that we know. We found a
guy who brought this mics in for us.
Okay, you guys cannot sound check. I
promise you. Sound check started like
9:00 p.m. while the people were dancing.
That's why we started doing some rough
sound check because the device didn't
come in on time. We scaled through that.
Then I remember the boner band guys say,
"Oh, they need to go back to the hotel
and change." This was 11:00 p.m. Change
to what? Change where? There's no road
outside. There's traffic. It's going to
take you guys 2 hours to get back here.
And I remember we just have to find a
way. Three of them went to go and bring
what they were changing to. We had to
get we got Bona in Bon finally came in
this time five hours was
gone and I remember when Boner came in
and he held the speaker he was angry of
course right and you know a lot of
people blame Bon D night it wasn't
Boner's fault and I think for someone to
come and say for the first time right it
was Nigeria that happened to all of us
you know what I mean because Bona and
his team were ready
the the band had been on ground since
12:00 p.m. of that day, Boner had been
on standby since 7:00 p.m. We just kept
managing them, right? Um, and I remember
when Bona finally climbed that
stage and there's I have I'm sure I'll
share that picture with you guys to use,
right? Where auntie bos was changing it
for me that there's no way my son is
climbing on that stage. I I start I'm
your son too auntie this show must
happen and I was begging I was really
switching for like my son is not
climbing. I said ma I'm also your son
I'm going to be in
them and you know and we finally got
banners to get I said bro when boner
finally climbed on stage and he said
they call me ber ha the first
relief and mic blew between me and you
for the first one of the performance I
was moving microphone from a guy playing
trumpet and guitar so that okay let me
make the trumpet small let me
I was passing with my
hear man
but Bona gave Nigeria an amazing
performance performance like people were
happy in the end and then you know we we
scaled through and so yeah the
foundation problem is there um we still
don't have this equipment you know what
I Um I had to make the same problem last
year. This probably not the finish with
Remma. Oh uh yeah. But before we even
get to Remma, let's walk through each of
them. So there was Burner and there was
Shak. Okay. Shake. Yes. Yes. Yes. Cuz
that show was people loved that show.
But Shake was the next year. That was
the following. Yeah. So walk us through
the following. Yeah. So you know the
Shake show very interesting, right?
Um I remember my very good friend Alex
uh came
Alex managers reach out to me that hey
bro let's do a shak and because of
course I was part of the white bers has
been my family forever and so the shak
emergency I was part of it all happen in
front of us right so it was a great year
to see becoming a superstar I remember
going to meet my friend let's do your
own concert and said no let's do shak
instead right cuz I wanted to do grand
concert and he was like oh no that's
shak and Alex had come that oh you
wanted us to do shak between me and you
I wasn't trying to do shakm M right. I
wanted to do Remma
because from our prediction we saw that
Remma was going to be a global superstar
and you know it was going to be easier.
It was going to be easier to sell Remma
to the global audience and stuff that
year. So we're going to do Remma as
Nigeria we have it. Remma fell sick and
canled the show. This is a show that you
raised money from investors
at a very high interest
rate. So, and uh FX FX. Oh, very
important. FX cuz when we're doing this
negotiation, dollar was about 650. By
this time, dollar was already entering
9001,000.
And kid show because he was sick and
there's nothing. The kid was really
sick. Yeah. And then I'm here sitting
down called my partners and like guys,
what's going to happen? Are we dead this
year?
And I remember I picked that phone, call
Alex. I'm telling you, this was December
7. The year was already running out and
I called Alex. Alex let's do a shak. He
said how? I said let's do it. And I went
to meet day. We both went to day and
they said yes. Now the question is we've
spent money to try to doma. How do we
find money to do
this? And I remember I guess what I'm
going to go back to my bankers and again
you know there are few banks that sort
of supported us that understand this
right. um uh for shout out to them
selling providers bank and I' I've
worked in banking and provid bank saved
us that year between me and you in 5
days provid bank approved 500 million
for us to go and that go and ask anybody
that collect money from bank in Nigeria
without
collateral to go and do a shak and we
had to announce a shak and to be sincere
I think the ones that you don't platform
become the easiest a shak show was a
smooth ride for Right. It was really
good. People came out. It was an outdoor
show. So [ __ ] and that sort of gave us
it was a good it was a good outing. Um
we didn't have that much stress and
reason being by the time Ashake had his
own foreign production team that sort of
worked with us. So they had done the
flight time show. So there was a sort of
a template that we scaled up on. Um so
Shake show wasn't wasn't really of a
hassle but it was a good outing and
again good record. We had 18 16,000
people at Soul Beach. Um so yeah it was
it was a good one but it sort of sets uh
what that did for us was that it set the
pace standard for us that yes we can do
bigger shows and and we can make this
work. So then the next year now
following year let's go and do remma.
It's just it's crazy that there are some
things I cannot say on this
podcast because we're still in court. Oh
yeah. And you know we never talk about
these things right? you know um we're
still in court on the on the rema issue
right because things didn't go the way
we planned like I said we're taking
money from
investors year before and investors are
charging you I said that your interest
as times five
and FX as at 650 now naira dollar 800 at
the time
you know and you have a lot of back and
forth on trying to do the show um and
you have to just concede some things but
again when I see the Rama show and what
happened at the Rama show uh a testament
to what we've what was possible right um
and again I have to give credit to the
team because the team it was sweat blood
putting that stuff together so yeah you
have to give credit to the team and you
know when when you hear when the stories
are
deeper because you're trying to do the
impossible, right? Um remember in Benin
and you know 22,000 young
people, it was ridiculous. 22,000 young
people and you know when I was looking
at the stat and and I promise you 60% of
them flew in to Benin to watch. They
were not even locals,
right? The Remma show, Battle with Rain.
Uh but you land it, right? you come to
Abuja. Abuja was also a smooth ride.
Well, let's come back to Lagos. Cuz he
did three cities just for our viewers.
Yeah. Legos was ridiculous. And I
promise you, Los was ridiculous. Uh what
announced that drama show was going to
happen at Equat Atlantic. Yes. And then
they said we can't use the venue cuz
some consulate is building an embassy
and they don't want distraction and they
can't be
disturbed. between me and you
guys.
Remma who had finished Abuja on the 15th
by Monday morning Rama team said they
pulling out of the Lagos show cuz we
don't have a venue. The show was on the
21st. So this is 6 days to the show and
I remember because we're in Abuja 15th
the team had to rush down to Lagos to
start setting up for the 16th. So now
what's the venue we're going
to go to
TBS? If you're in Nigeria and they tell
you there's a show in TBS, you would
think you would think before you go
there, right? And this also now trying
to do the impossible, right? And I
remember staying back trying to convince
the team that guys don't worry, we'll
move all of Nigeria to this venue.
Um,
and we go back again. Digo, you see the
fear of Digo the mixer. D mixer is the
beginning of wisdom cuz they also has to
fly in from Abuja because I start use it
to do a show. Yeah. So the same con
we're going to use I start used it to do
a show in Abuja. So he has to fly in in
the morning to Lagos while we're setting
up. That's even half of the story. You
know this is a mega show. We had huge
screen requirement. Today I promise you
today nobody has production equipment
that can power. We cannot do the type of
scale that we had at the countdown. We
can have two of that in the same day in
Nigeria. It's crazy cuz there's no
equipment.
We had booked equipment to use screens
that we're going to move because that's
what happens every December. So some
guys are going to use the screen as one
venue because there's limited screens.
They're going to move once they finish
to the venue. So why waiting for the
screen that they were using at
um the the
the Jensen guys shows the one oh native
land native land
and that's the day that it crashed hey
so the team was waiting that oh they
finish native land we move the screen
next day same morning after the show to
DPS and then you get the news yeah GG
the stage had the stage has fallen stage
has collapsed and all the screen has
collapsed so which means no cream. Yeah.
And you go, "How the hell is this show
going to happen?" I remember God on the
day of the show 2 p.m. I promise you no
screen was
up. I remember they coming to say I shut
down the show. There's no way we have to
cancel. Me begging with my old age,
begging young boys who are younger than
me. I was begging with my old
age that guys we've gone through and
turn to get here. Finally, we found some
guy who has some transparent screen
somewhere and we moved it in. I promise
you remember show for people that came
early people say no
screen. But in the end was a great show.
Yes. Um and of course we're taking all
of these learnings right um to see what
kind of petitions are we going to make.
Um and luckily for us what we did in
December showed Nigeria that we actually
have a huge venue. Yeah. Because I
promise you, we know what we have to do,
right? Which I can't say on the
podcast, but not a single phone was
you know, I remember when the show
finished around 2:00 a.m. I was walking
down and I saw Jenz's fancifully walking
on the street of Los Island. I'm
like, this is the Nigeria we prayed for.
You know what I mean? Um, and yeah, it
sort of sort of set a new motion. Yeah.
Everybody believes now, you know. It was
it was good. Thank a very big thank you
to Lego State government. Um they were
really really it was a Lego state event
literally Los State own the concert at
the time. Um big thank you to them uh
for making that happen. Uh the state was
really behind us providing all the
security that we needed getting the
locals to cooperate with us. Literally
the guys that you talk called the thugs
that would attack you were the ones that
were security that did. They were the
ones in green. Um yeah. So it was was it
was a great one. It was a great one. Can
you expand for our viewers even the
technology that was used to process the
show? So many people might not know but
in that 2017 in Ghana or even 2016 the
issues of people in the diaspora they
used to maybe using event bright or
ticket master you pay for your ticket
you show on your phone you go in a lot
of Africans didn't necessarily have
those sort of ticketing companies on the
continent but since photo wave pay has
enabled payments and other payment
companies too now also we have ticketing
companies as well even bank transfer can
you walk them through the technology
leaps that have happened that even
enabled. For example, I know with Remma,
the only place to get a ticket for Remma
was Soft Life was softife.com, right?
And it was bank transfer that they used
to pay. Nobody could buy physical
tickets. It literally had to be an
electronic ticket. So, can you walk them
through the technological um
innovations? So, yeah. Uh I think that's
one of the things that sort of helped us
to do this things at the scale at which
you do it and I'll tell you that's our
secret source. um you know very far on
when I start when we started bedu we
knew that we needed to solve be a
technology that could power transactions
at scale
um and because it's really what we were
trying to solve for and we sat down
thinking okay what's missing right um
and I remember my our first experiment
because like you said if you remember at
flutter wave it got at sorry at dirty
wave it got to a point that you and I
were collecting cash yes for tickets
because network was down, people
couldn't access the site and we're
literally collecting
we were collecting cash, you know,
because people couldn't buy tickets
online, right? Um, and so it was very
important to me that we built a
technology that could solve that
problem. And so we started building in
2019 and we found what the problem was,
right? You know, when the pay when the
pay stack of and photo start, everybody
was focused on card payments, right?
I've always hated card events and my
reason being 35% of the time is feeling
right and one of the things I learned
from working at WeChat was when I was as
I said when I say earlier that the
social line that connected everybody
right I found what it was for Nigeria I
realized it was bank transfers yep that
you needed to build a social technology
it needs to sit 100% if you can on bank
transfer and that was the first layer
but then bank transfer had a major
limitation M bank transfers go through
nibs
nibs today or even the best payment
processor in this country can only do
160,000 transactions per second and for
our viewers nibs is basically like the
interbank settlement payment payment
layer uh and because how is built right
once transaction passed that threshold
things start going crazy and that's what
we witnessed when there was no cash in
Nigeria where everybody was now trying
to do transfer, right? And you know,
things were going crazy, right? And
realized that nobody had built what we
call a microtransaction engine for
payments, for real money payments. Uh,
and because Telos have had this for
years, which I said when you go back and
connect the dots, it all makes sense. In
my t days, even when the network is bad
and you cannot hear what the person is
saying, the network will collect their
money. You see that their one NRA, two
NRA cost, charge. Yeah. It will go
through. you will not hear the person
you be doing for 5 minutes or and like
there must be a way t are doing these
things and there was not even GPs so how
do we build and that's when we realized
we need to do the micro transaction
engine and today what is inside soft
life is something we call tutu and it's
literally the only microtransaction
engine for real payments on the
continent and can you explain what a
microtransaction engine is like I said
again today in Nigeria nobody uses their
phone or bank have to send 5 to some
tenant because then it becomes expensive
right nobody pays is 15 with their
imagine if for that time you have to buy
coke or pay a water the only way you use
back transfer don't we're going to be
[ __ ] because that too much
transactions right so our our systems
today can't power microtransactions
right and for us to be able to do a
concert of 100,000 people that be buying
water and drink and want the economy
that's around that concert to be fully
digital we need to be able to process
that transaction at that speed so we
have to build this microtransaction in
2016 right today it does 2.2 2 million
transactions in 1 second.
Wow. Right. Not just that and again when
you use soft life it's built on back
transfer also and we have to look at the
loopholes within back transfer. There's
something interesting that we do and I
say this when you look at our soft life
app and you want to fund you can only
fun back transfer. If you transfer to
the soft life app your money lands in
500 millconds. M
and people and someone has asked me how
are we doing it and I say yes we is
still nibs it's just that we're doing
nibs the different way so instead of us
waiting naturally how everybody builds
is you build and you wait for that
transaction to come and you take the
notification no we don't we have a whole
engine that is sat down connected to the
bank that is firing a million requests
every second looking for transactions
that unique to us so from when the user
initiates the transaction of all waiting
for API to send it we've picked Yeah.
And so that way we're able to make
things work faster. So our big strength
is the technology. And if you come to
any of our concerts, the only way you
get in and get out or buy water is
through the stuff like
So can you walk us through, you know, I
think this is going to be an evergreen
episode. I think it's an episode that
people will watch for years, right? But
we are going into Deuti December
2025. It's going to be crazy. It's going
crazy. It went viral viral everywhere to
the point where people from not even
Nigerians, other types of, you know,
people are coming to Legos. They're
announcing it. They're making it known.
What do you predict is going to look
like? And what do you think where do you
think we have to go to really
accommodate daddy December?
Um I think the first thing we saw for is
infrastructure. Mhm. And the biggest one
is road and transportation. Yeah. If you
look at every December we had the issue
has been transportation and access to
the places. Right. Um and I think this
year is going to be more interesting. Uh
luckily for us we have a Lagos state
government that is very very uh
acceptable of the youth um and they're
working really hard right the state is
put a lot of measures into place to make
sure that this death is going to be
crazy right um a good one is what
they've done with lag ride right um as I
talk to you right now there's I sure I'm
sure there's about 3,000 new brand new
cars that the state is bringing in to
power mobility for people in December um
they're doing all the major roads that
access to the important places that you
need to go to also right once we can
solve road and transportation uh it
becomes a lot easier um and we're
working with the state to deliver a
great experience
uh there's something that's happening
this year in December it's something
myself is called for years and I think
Nigeria is getting coachella uh we're
announcing that very soon it's going to
be a big deal it's something I'm sure
when people see it a lot of people have
been asking me that are you sure it's
going to happen I'm saying yes it's
going to happen um this is like 5 years
of planning Yeah. Um and yeah, I think
we're almost there. Infrastructure,
international infrastructure
development, right? Uh because today one
of the big limitations is when everybody
comes, everybody's in VI,
right? Um if we have more facilities and
experiences that people can sort of
explore, uh it's going to sort of change
things. I think this year will become a
huge learning curve for us because this
year we're expecting our biggest
visitors yet. Uh we learn the patterns
of how they interact with the culture
this year. Yeah. M and it helps us plan
better next year to scale right but yeah
it's infrastructure literally what is
lacking is infrastructure and when I say
infrastru
um we have to give a big thank you to
the guys that own Airbnbs last year
and we don't give them credit cuz they
saved us
you can say whatever we don't have
hotels in Nigeria to think that all of
Lagos is just Mario hotel that is the
highend hotel because there are some
hotels I not mention their name here you
can't tell me that's Wow.
I know the word you're saying. I know
the what you're thinking. The OVI
there's no real hotel.
You know what I mean? Um and these are
areas we sort of need to look around.
More infrastructures. Uh yeah, the MB
structure is nice, but we have more big
infrastructure that can contain people.
Um a co hotel can't be our only a hotel
is our biggest event. 4,500 people. That
bothers me every time. 20 million people
sitting. That's what I was about to say.
university right I know few people are
building stuff now there's a 10,000
capacity that is being built by Palm
shopping mall someone else is building
one on the Lagos calaba express so
obviously this things is skaen step by
step we're going to see this progress
right but yeah we're in a good place um
and I think this is just going to get
better from here
and even I want to talk about as well
with daddy December outside of music do
you think there's other areas that we
still need to tap into that our culture
you think has like great opportunity.
Capitala fashion. I mean I mean like you
know um our fashion is getting so and
you know again one of my premise also
and prediction why I took music in 2019
was that I said our music was is what's
going to carry everything else that we
have right and which is why I was really
bullish about pushing the music also u
because our music going to push our
fashion it's going to push our movies
and I think the next frontier right now
this year is fashion um movie has
started getting attention maybe another
year or two it'll get there. But and if
you see what people like Dilab is doing,
um, and the numbers that DAB is doing,
right? Um, and seeing our Nigerian
designers, I was looking at the AMVCA. I
like wait competing with Megalo cuz I
was like, are these really Nigerian
designers? Yeah. And I think it's time
we pull focus on fashion. Yeah. Right.
And intentional focus on fashion, right?
Our music videos are being watched
everywhere in the world. Um directors
now should be intentional about
showcasing Nigerian fashion in these
music videos. It's going to help us a
lot. U but yeah, I think the next step
is fashion um and in our food,
right? Uh kudos to people like who is
creating the local food properly. We
need more of this, right? And I think
the music because imagine
uh Bonab boy sold out uh Chaz the go the
stadium in Paris, right? Start the
France, right?
Imagine 80,000 people getting introduced
to Nigerian food. Yeah.
Nigerian fashion
outside. Nothing beats that. Yeah. Rama
did the same thing in New York. Imagine
those 16 to,000 people get introduced to
our fashion and our music and our food.
It changes the ball game, right? Yeah. I
think we just need to be international
about how we collaborate um and manage
these different industries. But yeah,
definitely our creative economy has has
a high chance and Nigeria has the
attention. You know, there's a huge part
in notice in the last four years. Every
major blockbuster movie that's come out
in the last two years as a lead Nigerian
supporting character.
Okay, explain.
One of the biggest movies this year was
was Sen. Mhm. The babe. Yeah. Nigerian
was a not Nigerian character was a
Nigerian. She I hope was the a Yuruba
that she didn't seen us. Um there's one
that just there's a new series on
Netflix right now called Bet. The sub
character is a Nigerian guy. When you
find when you see all of these movies
that have been coming out, there's also
there's just one intentional
introduction of a Nigerian sub actor.
Yeah. Who is playing a Nigerian
character.
So we sort of gotten the world's
attention. the world is trying to fuse
into what we're doing and trying to
include us and we need to exploit
and not let them exploit us
right um and we have to be very
intentional and and I and I think that
we're in a place where for instance one
of the things that we fought for in the
music music industry is already
happening the next frontier is ownership
u social platforms are sort of giving us
right to own today right and you see
what our content creators are
Nigeria sort of defined Nigeria is the
only place where I see a global movie
superstar or a global Nigerian superstar
doing Tik Toks kit to promote his
movie and you know you see people laugh
at it and I'm saying it's the Nigerian
way. Yeah,
it's the Nigerian way.
I promise you what the skit guys have
done from themselves. I've not seen it
anywhere else in the world. M the what
the skits guys on our on our social
media content creators content creators
have done I've bro I've watched I've not
seen it anywhere else in the world and
you see that even a few guys in the US
are trying to do they're trying to
collaborate actively with our guys
and and the [ __ ] is happening
drastically I was talking to a friend
and I remember back in the days of ad
agencies right you hear that an an ad
agency got the right to do MTN for a
year and it's two billion
Nobody's paying that money to anymore.
The money are going to content creators
now. There's this kid that is doing
crazy on the internet. Uh his name is uh
Huh. He did he did a very popular ad
with I know the one you're talking about
the Yeah. Yeah. With um he I think it
wasn't sprites but it was in driver in
Driver. He did one recently. It was so
good, right? And skits and the quality
is so good, right? And I'm saying that
decentralization is happening. Yeah.
You're seeing the same in the music
industry. Nobody cares about record
labels anymore. Yeah. Artist now own
their own masters and music. They just
sign distribution deals. Um so we're
getting to where ownership is going to
be very important. Right. It's just that
our country and at scale. We just need
to be very intentional about who build
today. There's no infrastructure that
allows artists to earn and control their
money. We have to rely on the foreign
ones. We need to be intentional about
how we build. Yeah. You can't have drop
a video and 6 million people are
watching it in one hour and you don't
make one hour from it. Yeah. That's the
story of Instagram skim because actually
no you know what I need to double click
in this thing because it's actually
crazy when you started talking about the
skits and promoting movies literally
last night I was telling etch that I
want someone to break down this thing of
you know it's like a pipeline like
either they maybe they went through BBN
or you know maybe they're just an
influencer and they start creating
movies on YouTube right and the reason
why you know it started blowing my mind
was um I saw this Uch Montana. She has
literally Uch TV on YouTube and
literally like it looks like every four
weeks she's dropping a movie. I'm seeing
BAM's she's you know like cuz cuz I
haven't seen her in like a movie on
Netflix or in a cinema in a long time.
So I was I was like but she's 3 million
followers. Like her her following is
super engaged. Like what is it? And then
I took a look and I was like oh she has
BAM TV on YouTube. So literally she's
like making local Nigerian movies on
YouTube, right? And she has a whole
audience. So can you talk about that? So
you know and this is again the Nigerian
way and I said the people decide what
they do and what technology is for them.
If anybody ever told you what YouTube
was and how come YouTube superstars is
maybe guys that game or do some kind of
funny stuff but it's not the case for
Nigeria. is what you've said own
videos and because if we go back and
it's nothing new we all grew up on home
own videos Nigerians don't go to cinema
Nigerian was watches own videos and
because all our superstars that we call
superstars that we call the Ram what
they were making were own videos was a
movie that will be produced very shabish
quality some distributor guy in Alaba
the CDs out and boom
But then cities died.
Home videos needed a new home, a new
platform. Ah, it just clicked for me.
You're right. You're right. Videos, we
are not cinema going people. Let's call
it a spade. Nigerians don't get this
thing. But you see Nigerians, we can
watch home own video like is no man's
business. And so YouTube became the new
home for own videos. M
you know just something just unlocked
because I was just like it's the own
video culture like six like I went to
this girl's YouTube channel 6 million uh
she just released it a week ago. You
guys guess what I'm sad that nobody's
getting how ridiculous that [ __ ] is.
Yeahum and she's making crazy money. Let
me bring the number to you. Yes. They're
not even making the money they're meant
to be making. First you I was on one of
the Euroba guys won and this movie has
6.4 million views. Let me tell you how
ridiculous that is. The highest grossing
cinema movie made a billion. All right.
Billion. A billion naira. Okay. Billion.
Okay. In Nigeria, right? The average
cinema ticket is 5,000 NRA. So if my
math is still good, for you to sell a
billion at 5,000 NRA, maybe 200,000
people watch your movie. Yeah, that's
grossing.
A YouTube movie. Go and check on YouTube
today. This YouTube home videos, you'll
see 4.3 million views. I promise you,
nobody's watching that thing twice. Cuz
it's data we're talking about. Yeah,
exactly. This is a 1 hour for seven long
movie. Nobody's going to watch the movie
twice cuz data is expensive. So, I'm
saying those movies are doing 6.4
million unique viewers
times
5,000. Imagine they could just monetize
and quite 100 NRA for
watching
quiet everyone's calculating
just 100 yes you know what I mean um and
is is where we have to start thinking
about these things right YouTube won't
understand this cuz what YouTube is used
to is kids who are doing
but that's become the new home for the
Nigerian home video culture. Yes, we can
glorify our cinema movies as much as we
Nigerians are own video people. We want
the movie to be as basic, as comic, as
funny and relatable as
possible. Wicked auntie four girl
falling in love.
Simple basic
story. I we don't talk the YouTube
numbers are ridiculous. That's why I say
say your highest grossing cinema movie
did a billion. That's just 30,000 people
watching in a 200 million people
country.
But there are movies on YouTube that
just casually in one week doing 4
million views. Yeah, it it cuz you know
it's so I need to like go down this
rabbit hole because I was really trying
to understand it like I see these people
all across you know Instagram and they
have millions of followers and then when
you go to their YouTube you do the math
like there's a whole economy happening
there. They're not they're not concerned
with they're making some money. I'm just
saying the economics is because they
have to now rely on the YouTube
economics, right? Which is not good for
the value of what they're creating
because of CAC too. You know what I
mean? C T C T C T C T C T C T C T C T C
T C T C you know what I mean? CPM CPM,
you know what I mean? Um if we they can
figure out a way to monetize that and
which is where platforms like YouTube
also need to start rethinking of
building version of their products for
regions. Yeah. With how our region
works. Yeah. Nigerians would
conveniently pay this money. I'm talking
about trust me because Tik Tok shows us
that it is possible
right um and and again we have about how
I looking at it a few of us are trying
to get things done to see how we can
sort of build build for this structure
because of course the foreign guys come
just come and give us products but we
decide that we use it trust me the own
video on YouTube is is 10 times bigger
than your cinema economy it's crazym M I
mean I've always said that like as
Africans we're great at creating value
but very poor at capturing it right and
I think this is where sometimes the
infrastructure especially with the
technology enables us to capture it. the
Chinese seem to have figured out a way
to capture the value that they create
whether it's from Sheen Teu uh whether
it's even Badu or WeChat right we're
just talking about WeChat what are some
things that Nigerians can learn from or
even Africans can learn from the Chinese
especially in how we build products that
allow us to capture the value that we
create because 4 million views in
Nigeria should also be 4 million views
in the US right but obviously they have
what YouTube says is well the
advertising ing the monetization
disposable income is higher. So this in
a way actually prevents us from tapping
into the financial freedom globally. So
how should we think through building for
this sort of problem as well? Um so
again like I said right I've seen a lot
of great products come out of this
country but what you find is that the
products that we've still follow the
foreign templates some guy just see a
foreign version of an app and think that
oh come and build a Nigerian version for
it and then it fails right um which is
like say we don't we should stop
building for the people we should build
with them with them right and building
and today I think no don't try to build
our own YouTube. I think it it would be
a foolish way to go about it, right? But
we understand what our payment and
collection, how it works. Can we build
payment infrastructures that
intentionally YouTube can integrate to
and solves this problem? Yeah, I promise
you Nigerians will conveniently pay 200
NRA for this YouTube content. And reason
being I've seen been in sittings with
people saying that oh they need to build
more cinemas and my brain breaks every
time I'm like why are you guys always
thinking in reverse because how many of
you went to cinema before silver bed
what's going on here
it's true it's true we our culture is
own we are own video people
and why because
convenience the convenience of watching
own video on your TV on your on your
iPad and guess what? A lot of people
that build technology also live in
Lagos. So they delusional cuz Lagos is
not Nigeria.
Chica once you leave Lagos that's where
Nigeria starts from from Mo. You have
entered Nigeria which is a different
place. You know the goshians just down
my road is a cinema fancy one that I can
go to. I can afford it. These guys don't
even have lights.
But guess what? You see that their phone
must not die.
You know they die. Yeah. And guess what?
In that 1 hour at night when they are
home where they have on their
small pass, my neighbor Jen, they will
watch that thing on their phone. 1 hour
47 minutes. They watch three to four of
it. And I and we have to be intentional.
So saying build new payment rails,
create policies that enforces that these
platforms connect to it. Don't worry, we
don't need to earn your dollars. Once
you can end our own Nigeria economics,
it will work. Yeah. And then policy
level say that oh our creators this is
the model that we want you guys to sort
of employ. Um that's that's one step to
it. Um also creators be very intentional
right because I'm saying if you pick an
average Gen Z today and I say pick an
average Gen Z and Gen
Alpha their screen time is 13 hours
minimum daily. They spend you can you
guys can go and run this search find any
gent around you pick their phone and
check their screen time is minimum 13
hours
daily these gent spend 13 hours on their
phone out of 24 hours let me tell you
what their real time line is so 13 hours
on their phone there's 24 hours in a
whole day so out of that 13 hours
there's how many hours that's 8 10 hours
left they sleep for 8 hours don't worry
they don't play with that sleep they
don't do 5 hours like us they sleep for
another 7 to 8 hours let's fix seven so
guess thought 7 hours they sleeping 13
hours they on their phone the remaining
4 hours is food and whatever is seems
important so why you been in
cinemas they don't have TVs I was
talking to an older friend of mine I
said his kid came back home and his own
mind was trying to impress his child
went to LG to go and buy a big LG TV and
put on the wall said the boy comes
carries the
TV and drops it outside and the said why
do you think it's taking
I like how the space is
minimalist. Um, and you know one of the
things that baff me about this is that
ask any Gen Z and please they should
comment if I'm lying for them to eat.
They need their phone to be watching
movie. Mhm. That's like Is he Gen Z? I'm
a Jenzi. You see that food they about to
eat is not going to go without them
watching something and it's not TV. So
why are you trying to create a reverse?
If you have 13 hours of somebody's
attention, build from there. Build from
there. You do remember Quibby when they
tried to do Quibby. Um Disney try to
create this um you know Disney the
former Disney workers tried to create TV
shows through Kirby, but they wanted to
limit it to like maybe 5 minutes or or 6
minute movies. I don't think the thesis
was wrong in terms of this reverse we're
talking about. Maybe now the
implementation, but it goes back to what
you were saying, you know. So again,
don't revent the wheel. find something
that is normal to people, right? And
just build it with them, right? If you
look at the equivalent, the content
that's crazy in somewhere like the US,
it's things that like TV shows. Yeah.
And because they they have a huge TV
show culture. Yeah. Right. That's why
Mr. Beast is big. That's why the MP boys
are doing it has to be a show. We don't
have a show culture. Wait. So, what is
our culture? Cuz I actually want you
with this Gen Z and the 13 hours, where
are they spending their time? Which
platforms? What are they looking at? And
I I want you to if you can um tell me
what women Gen Z are looking at and are
aspiring and what are the men Gen Z
looking at. Also to add to that, can we
also talk through the data set about I
think me and you talking about is from
2018 to about 20 how many young people
in Nigeria turned and what age they
turned to? Yeah. Um so first to take HS
question first, right? You know what's
really interesting that everybody miss
right is between 2018 and 2023 46
million Nigerians started dating. 26 46
46 I okay cuz sorry the reason why I was
remember when I said to you I used to
feel like I used to come to Lagos and
there were six degrees of separation
between me and whoever I would know at
some point from that 2018 you're seeing
new human beings pop up and you're like
wait who I was question where does all
these kids on Instagram come out from?
Yeah. Like boom, we seeing hundreds of
them, right? That's what happened. 46
million 46 between 2018, 46 million
young Nigerians turned 18.
There a lot of girls I meet today and
I'm talking to are like, "Oh yeah,
you're bring your biggest influencers."
In 2018, they were still minors.
They were 16, 17.
Um, and which is a really huge number,
right? Um now to what they do Tik Tok
Tik
Tok I I was checking one uh kid's phone
and in that in a week right I was
looking at her screen time she had done
she does an average of 5 hours on Tik
Tok daily
and it's all kind of things but when you
streamline it so based on the social uh
group that that child belong these young
people belong belongs to what they
consume is different, right? Um there
very fancy ones we just want to hear and
but guess what? But you find something
that is
core gist,
gossip gist, can be foreign gist that
some people are interested in what
happened between Joba and
this. But it is in the end gist.
Gist as a service. Literally if you look
at what they watch on Tik Tok is that
Tik Tok is gist. So people like tell you
this is a gist. person said this one has
opinion on what happened to this person
or this person have married this person.
When you look at the events that become
get
various gossip, yeah, the weddings that
recently happened and everybody has
opinion on what this person is wearing,
they just want to everybody has opinion
that they want to hear,
right? And I guess and it's the same
thing, right? Um the the few ones who
have figured out how to monetize it, but
even the ones that become popular, they
became popular because people can g
about them. But what are they I'm c What
are they gisting about? Cuz like back in
the day I felt like there was real gist.
Like now it just feels like oh so and so
is friend or like it's nothing. Yeah.
Yeah. It's it's and when we look at it
this thing is not new. It's culturally
indepth into who we are. Yes. So let's
go back to what are the biggest blog
book shows and things that people used
to watch back in days of no internet.
Right. There's something in southwest
that is called a guy called
Kola who used to have a show called your
back will know this was the biggest show
on radio and what the guy does just come
and give gist about people's weird
behaviors some mystical happening
somewhere and people now have opinion
about it if you look at radio stations
that al to today talk shows stations
like Nigeria FM and
Wazobia is just the biggest tabloid that
were printed back in the days
also was ovation because ovation is
giving you view into what is happening
rich people and everybody said ah this
person what this here this person did
not greet this person it is just who we
are and you find the same thing blog
what's the biggest blog in Nigeria
what does K do
just everybody everybody who has done
anything that is not gist in blog What
does Bill do? Give you gist. And it gist
is not a it's like a Nigerian word like
it's not a word.
Who want that room in Nigeria? Nigeria.
Shade room. Shade room. Shade room.
Shade room. That's true. She said I
bring to America
globally. And is it we are you know when
I try to look at this Tik Tok guys.
Trust me it baffles me every time. Like
I'll just see them scroll. I'm like so
okay what are they talking about? Before
you know you're in their gist.
Guess what? Why is big also because they
can gist about what has happened in the
house. This person did this person and I
just follow you just want to follow gist
of somebody else. Is that why Snapchat
cuz Snapchat uniquely is big here? It's
not I feel like it's not the same in
other regions. Um yes but again Snapchat
is powering something else. Okay. Well,
[Music]
our our Nigerian men private economy
for those who know for those who
knowing expiring something else you know
what I mean and guess what you see that
the world is not using the people that
use Snapchat in the world don't use for
that they use for just sending private
messages and privacy but Nigeria know we
know what's
sparing that's what I have to say
um but yeah Um, like I said, that that's
the pattern. Nigerians just like I'm a
ball. It's true. It's true. It's true.
It's true. It's true. Nigerians just
like I'm a ball.
And you think it's I mean I don't know
if it's unique to us, but it seems a
little deeper. Okay. So I I look at what
other people Tik Toks are doing. Right.
Go and look at global people that are
big on Tik Tok everywhere else in the
world, right? You find that either maybe
a beauty influencer or a fashion
influencer or a comedian very few
comedian in Nigeria is that we can g
about
you like you're giving us drama and
guess what
right there's this guy that nobody talks
about and to just butress on this gist
right portable there's nobody that can
sing four portable song for me nobody
there's nobody in this
that can come and say you can sync four
tracks from portable but you know that
guy experience J is always giving you
guys
gist the guy will always be in your face
he must be g if he's not fighting police
was beating someone and he's a musician
nobody know song you know what I mean
and it's because what interest Nigeria
guys like this other guy who is always
on that just give people things to talk
about Nigerians don't hear their opinion
right um And that's what sort of powers.
And you look at it's the same pattern.
It's the same thing that made Nland
Narland back in the days. True. True.
Gist. True.
True. We like gist. Yeah. If I It's
actually now that I'm like really
reflecting on it, every major era in
media was like some gist just guy guy.
And it just it's like different
variations.
Even weddings. It's the gist. It's the
gist. It's not it's the gist that oh who
was there who came who did not come this
person is fighting this person it's the
gist nobody remembers who the designer
was when you're looking at is the gist
what happened there who fought who why
did this person not greet anybody this
one did not come you know and is is who
we when you understand this basic social
powers the economy yes and that's what
powers the economy but actually just to
just to I don't know because this is
very interesting to me um and I know
will probably have a different question
but let's say I'm a young gen influencer
as a woman and I want to tap into what
you say. What would you do? What would
you advise?
Uh jeez
though and and guess what I can give you
right apart the guys who became
successful from big brother once you
leave and there's nothing to gist about
you gone you have faded
right and guess what if you look at
people that become sensation today they
are the people that give us g I don't
want to be mentioning name so that I
don't become popular unnecessarily but
if you guys look at female guys, female
celebrities. There are people that have
anybody to become a celebrity in this
country. You are giving people things to
talk about. Just look at it.
So if there's no drama in your life, you
cannot be big in this country. Even our
biggest celebrities, there has to be
drama.
The music guys. Yeah. Yeah. There's
always drama. There must be something
once there's nothing to talk about. They
won't even remember that you sing.
It's true. It's true. That's why what's
his name? Kubana Priest. That's why he
always is giving a show. You have to You
have to There has to be some drama. Give
guys something to talk about. Um it it's
what it is. Whatever you want to do,
let's just be something. If you are not
making them laugh, give them gist.
Okay. Funny or give them gist.
Let's transition. So Olumadesh, one of
the most respected angel investors in
Africa, names you as his top founder in
the Nigerian tech ecosystem in his book
and you not just mentioned your number
one. One question, what did it feel like
to read that right? And then two, what
part of your journey did it bring back
to you? The early risks, the moments
nobody saw, the nights you almost quit,
and how do you carry that kind of
recognition now, especially in an
ecosystem where founders rarely get
their flowers in in public?
uh you know uh first I don't really read
books and I remember that it was my
friend oh it was it I was like funny
enough I was at the book launch
and
because is someone that I think that we
don't give enough credit for what he has
sort of done in the ecosystem uh didn't
know me from anywhere when I met him in
2015 and then he we had this idea of
patty beds and it was like oh and they
took took all their money and then we
should go and take this risk
Patty Bets wasn't successful, right? We
failed at some point. Well, guess who
gave me the first investment for my next
venture
literally the next venture I go and meet
him say, "Okay, guess what? I'm not
giving you the money in the product, but
I believe that you're going to do this
right." Um, and you know, seeing someone
like me, they just mention you in that
way. And you know, and I and I remember
texting him that, oh bro, thank you so
much. Like if anybody told me write
that, that means someone is seeing what
you're doing, right? And because this
building thing is really hard, right?
It's so hard that we don't talk about
how hard it is, right? Um you're giving
your life to build something that
matters to people, but then you lose the
things that supposed to be important to
you, right? Um you know, I've I I'm
still going through my own fair, losing
loss once to you wanting to build to to
a cost. I saw given to yourself right
and you know and if you see anyone who
is building and who is genuinely
building please hug them I promise you
they are going through a lot you know um
and to not even give up you know it's
Nigeria gives you a reason to give up I
see a lot of people come to meet so many
times with the things that you've put
your hand into you should have a unicorn
by I'm like it's not a sprint to it's a
marathon right um but Yeah.
Um it's it's interesting to see being
recognized and you know like nobody has
first everybody knows I don't like to do
interview. This is the first time ever
I'm going to sit on any form of
interview or talking. I don't like I
avoid it as much as I can. Right. I just
want to build and yeah seeing few people
recognize that yes there's something
that we're doing. Uh yeah it sort of
gives you reason to want to do more most
times. Yeah. Yeah.
Actually, you know, speaking on
building, I want you to talk about
because you're doing some very
interesting thing around these concerts,
these productions, soft life. Is there
kind of the next phase of it? Um, do you
see yourself even maybe exporting some
of this?
Um, I think those things will happen
naturally.
Um I'm I'm very strongly convicted that
if we can win here and I said win in
Nigeria would win globally, right? Um
and and the data is there and and I've
been shouting this for as long as I can.
I remember HA was here when I said let's
bring this thing away from Ghana and
bring it back home. Oh, the boys are
Nigerians. Can we bring it back home?
And my reason being I think Nigeria is
the future of everything
and the pattern is just there for also
it's just there. The US government is
building our largest consulate in
Nigeria in
Lagos. That should tell us
something. The whole world is going to
move to Nigeria. I promise
you Nigeria is a cheat. Nigeria cheats.
I repeat, everything you've ever been
taught in economics or econom in in
building Nigeria cheats it and once you
can just understand the Nigerian way, it
becomes ridiculously different, right?
Um and Niger Times projected that Niger
population will be 100 million in 30
years and they're not lying. Uh
Bloomberg also said that we're going to
be the fifth largest economy in the
world in 30 years. It's it is true. We
are the next
frontier and the moment we build and we
win here, it's going to happen
naturally. Our values are going to get
exported. We're going to power might not
power other countries but we'll power
cultures in other Yeah. in other systems
also, right? But the real goal is win
here. Yeah. Yeah. So the goal is maybe
in the future, but I'm not the guy who
is thinking of trying to launch a
version of our app in Ghana. No, if we
can win here locally, we've won. M yeah.
But you know, another thing I want you
to speak to, expanding on this is um so
I've been the same, right? I came back
in 2015, build and failed. Build and
failed. But I've always been convinced
that there's something in this country.
There's something. The creativity, the
hustle, it's nowhere else. It's
unmatched. It's unmatched. Like
literally like I just think about even
our conversations like I could drive
down to your office, sit down for with
you for a few hours and you're going to
spark things in me. I can't think of
that type of behavior in any other part
of the world. Right. So what can you
tell our listeners about why you are
particularly so excited
about building in Nigeria? Like what can
we look forward to? Cuz to be honest
again, you say, you know, Nigeria cheats
economics, but people still feel like
I've built, I've tried. I know plenty of
people who built and left. They've
japad. So what are you seeing that other
people are like, ah, I've tried though,
I'm gone. Um, and I call it there's no
rule in
Nigeria. There's literally no rule. And
let's call it call it what it is. And
because there's no role, it allows you
to create at no limits because a lot of
these other countries again and because
of it's just how Nigeria sort of be
designed. Nigeria is the only let me and
that opinion is ridiculous. You know
economics and all these financial things
break logical things but there's
something that is very illogical about
Nigeria. Nigeria is the only
country. You guys take a stroll down to
the streets of mainland local streets
and you see people that they don't know
where their next naira is coming from
and the argument is about how their
Lamborghini when they bring it to the
streets. A Nigerian who has no money to
it believes that he'll get 100k tomorrow
and I promise you he's going to get 100k
tomorrow from thin
here. It only happens in Nigeria and
he's not doing fraud. And again let's
let's understand this right in other
cultures because guess what it is true
that somebody can just call him tomorrow
and he will make a million era from
somewhere you only find this thing in
this country right and because you know
as much as people think that we're
scattered people we're united like we're
so we're divided I I divided we're
connected in in a very crazy way that it
will break your brain
And again, Nigeria is designed for only
Nigerians to win. You see the things
that you see in other culture where you
hear that, oh, some Indians are now own
all of the real estate in London and
some people own, Chinese own. It cannot
happen in
Nigeria. Only Nigerians win in Nigeria.
Go and check all of history. Nobody has
ever competed compete against Nigerian
business and won Nigerian business. has
never
happened. If you think you want to win,
you have to become Nigerian. Ask MTN.
I'm telling you, it took MTN to become
Nigerian.
If you guys go back, before you know it,
they've given them one 5,000 bill 5
billion fine. But then they became a
Nigerian business.
And because the way our forefathers was,
I don't know how they did it. Nigeria is
just designed for Nigeria to win. Um,
and your best chance of becoming
something or building or getting that
it's going to be hard and it's going to
be a easy Nigeria and everybody's saying
it. Everybody's saying it and it's
because we just in a in a in a weird way
watch out for oursel I give example to
people. I said look at how beautiful
this country is. My house I have and we
all grew up like this but we don't
appreciate the beauty of this. In the
house I grew up
in, we had a driver a gas
Sunday. Poor person what drove us to
school. But because of how we are, these
kids can come to our house. Mhm. The
kids got access to fancy things. They
mixed with us, right? You don't find
this in other culture.
You don't um I went to a government
school where the child of the carpenter,
the child of the governor, the child of
the king, we're all in the same class.
No matter the hierarchy of your father,
your father must drop you at the gate.
You will walk in like the poor man's
child. Your driver can drive in. Um, and
today we all have that
driver, that cook, that chef that's
getting access to, that's getting
exposed without having to pay for it
because they they're around us. Um, and
is a big part of what threatens
our h us as a people. And if we can
build on that, we'll become unstoppable.
And the way it's also going right in
another 101 15 years we're going to be
the third largest diaspora number in the
world
which sort of takes our strength up
right um and everybody will want to come
back and get attached to their roots cuz
in the end there's nothing like home no
matter how high you socially climb in
this society you still want to come back
and the jack wave is going to start.
Yeah. And so where do you need to build
when people start coming back? Which
where are they going to leave? People
are going to come back at light speed
and you guys can test it to this cuz you
guys came back. Yeah. Yeah. Um so it's
Nigeria. The answer is the answer to is
Nigeria. It's the next See, they've
exploited everything that can be
exploited in the world. They've
exploited the Chinese culture. I'm
telling you guys, they've exploited the
Chinese culture to the end. We watch the
Chinese movie mash heart. Korean has
been sold.
They've baptized the India culture given
us yoga and everything. the next
frontier the Africa Nigeria Nigeria
precisely no it's true it's true it's
true I mean if you if we start and we
have to be intentional so that we don't
lose it yeah it's true is also I think
for me I came to appreciate the
demographics how demographics can really
be destiny because 200 million people
and it's meant to be 400 million people
if one out of five or one of five people
in the next couple of years it's crazy
yeah you know and if you look at the US
and it's it's getting more and more
stronger. Every single person you speak
to, they know one Nigerian at least. And
and it's not even just black people,
white people, Asian people. If you bring
up, oh, you're Nigerian, they'll tell
you, oh, I knew so and so. Oh, my friend
from D. But also I think can we talk
about how the internet played this huge
role in this too because it sort of
democratized a lot because before there
were a lot of gatekeepers whether it was
in music whether it was in movies and
and I guess my question is really center
around the intersection between culture
internet technology. What does that
thesis look like for the future? Because
right now our oil is spoken for uh and
what do you call gemstones and minerals
are spoken for. The one thing we still
have that gives us leverage globally is
culture, right? How should people be
navigating that between the culture, the
internet and the role it's played so
far? Um, yeah, like you said, right, we
have to be intentional about it like I
said earlier, right? And by intention,
right? Intention, I mean fusion.
The answer is fusion. Fusion. Okay. We
need to start fusing our culture
with other culture. And if you look at
even biology is the easiest way to grow
and propagate.
We need to simplify the things that seem
really hard in our future in our in our
culture and fusion it with what other
people can understand. Yeah. And it's
what people like Bonai is doing with the
music. Yeah.
Pick the sound that they know, fuse it
with the afrobe sound. Boom. Global.
Tony Braxton. Last last. And we have to
do that with everything. M you do not
grow by trying to stay in a closed
circle. For you to really grow, you have
to allow to fuse with other things. So
you can leave parts of you in these
things. Um and so your future is the
answer. We have to be intentional about
how we fuse our cultural from beliefs to
religion to food with other culture.
It's the only way we are gonna have this
whole takeover that we were talking
about, right? Um but more importantly um
we have to also be intentional about the
things that we build.
My friend was talking recently somewhere
and he was talking about how oh
Nigerians are not uh creators and we
shouldn't bother trying to build great
infrastructure and a lot of people
didn't understand what I was saying and
I'm saying yes he's not wrong. I don't
think anybody should try to build a Tik
Tok today. Okay China you've built Tik
Tok. We found how Tik Tok work for us.
Mhm. But these are conditions on how the
tick like what the European Union
bullishly does with other the moment we
become intentional about how we fuse our
laws morals into the version of this
products that we're using here then
there's nothing miss can achieve.
Yeah. And it's actually easier to have
those conversations with those companies
than saying, "Oh, let's go build because
that ship has sailed, right? That ship
has already sailed." So now integrate
with our payment solutions. If it's 100
naira, if it's 200 naira, it might not
matter to you as a platform, but it
makes a world of difference to to us
here, right? And then this is how you
can get our people out of poverty at
scale. Yeah. So now it's time for our
rapid fire questions. Okay. So whatever
comes first to mind go. So what is your
first concert that changed your life?
Life is easy 2016.
Let me say easy concert.
That concert was it was it was the
foundation of everything. Wow. Uh a
product you wish you built.
A product that exists today that I wish
I
built. Facebook. Facebook.
That's a good one. One Gen Z habit that
fascinates you.
How they retire from work every two
years. These kids actually
go, "Bro, I'm I'm telling you, I've met
two who say, "Oh, guess what? I'm
retiring. I want to just travel for the
next one year." And I know four of them
right now. Wait, what are they retiring
to? What money do they have? I'm I'm
telling you. I don't know how I I know
four. Is you I'm talking about you one
of them.
Brilliant. This is a brilliant
distinction young lady working for a top
government
UK government precisely. Wakes up one
day and goes, "Oh, um I just want this.
I just want to read and not walk this
year." Sobatical.
literally le and she's just doing yoga,
drinking matcha, writing stuff for a
whole year. I'm like, "So, how do you
survive on this?" Like, "Oh, yeah, my 20
pounds is enough." They are a different
breed. I promise you. Like, I pro they
are not motivated by money. And I can
say this every time. It breaks my brain.
They are different. That's the one.
What is one unpopular opinion you swear
by? Oh, the richest man in the world is
going to come from here next 20 years.
Oh, yeah. the richest man. We don't know
who it is. Maybe it's me, but we don't
know. But the richest man in the world
is going to come from this country. You
know, it's so funny cuz the earlier
interview we had, he also declared he's
a billionaire. So maybe maybe Apopolitan
is king billionaire.
But yeah, the richest man from the world
is going to come from Nigeria next 30 40
years. Yeah. Okay. And then the last
question we ask every guest on
Afropolitan podcast is who do you want
to see sitting in this chair and whose
story you want to hear here?
H Shady Noble
okay expand.
Say expand. Yeah. Like I want to hear
your angle. A lot of people think that
he got everything on the plate of gold.
It needs to talk tell a story.
Yeah. Cuz I think we were wrong.
Someone's story.
I still have one more question on this
Gen Z subject. Obviously, we used to do
events and parties or I used to do that
a lot, right? This nightclub situation
where a lot of nightclubs used to depend
on people buying bottle service, but Gen
Z, they don't spend. They don't care
about tables or maybe it's even a
disposable income issue. What is it
going on then? What is the future of
nightclubs especially from this wellness
thing that we're always talking about
too? What does that look like going
forward? They're dying all they rapid
dying. They die dying so fast. Uh yeah,
this young people and it's and it's not
disposable income problem is that they
just have priorities over what they
spend their money on because again we're
all wrong. These kids have
money. Jenz's there's a there's been a
world shift in last four years.
Right. This kid is economics. Economics
that none of us can understand because
today nobody can explain to me why I'm
spending 1.5 million here. They wear it
like it's
nothing right. They buying cars like I
remember when I started working I wanted
the
[Music]
patin. These kids want the Benz and they
get the Benz. Um it's just that their
priorities are different. Um and as
everything else, right? The same way the
disco culture died, the club culture is
dying. Mhm. They don't care to p
bottles. Um they just want to drink
cocktails and they want experiences.
Like this is the only gen when I was
growing up vacation in summer. These
guys travel three to four times a year.
So they're not they're spending the
money. They know that travels three to
four times a year. Yeah, it's true.
Yeah. Experiences. Yes. So they will pay
for experiences. Wait, but now I have a
question on that. So okay from the
context of being in this country in
Nigeria what what are they doing like
I'm like that is the biggest question I
have like it's a Friday night when I was
you know on the streets
the next I was at SIP yes right I had my
regular tables I was you know we started
at RSVP then we went to sip and then you
know we could continue the night so what
are they doing on a Friday night um like
I said again they just want different
experiences and that's that's why you
sip things like elementals becoming a
thing, right? Uh you see this raves,
they want to go to raves where they can
have their simple cocktail and just have
fun with their friends. Um and you know,
I think someone should look into rave
culture culture. It's going to be a
thing. It's a thing literally already,
right? They sweat it out also another
rave that they're always going to um and
they travel a lot. And when I say
travel, not just abroad though, they're
going to they have travel groups.
They're going to Ben Republic. They're
going to Togo. Um, and because their
life is driven by creating content. So
they want to go to place where they can
show the number one tourist location in
Nigeria is phase one.
Wait, what? All the restaurants there.
Le one restaurant. The dream of that
child in a boy make his one New York,
right? And they're spending money. Oh,
all those Airbnbs, they're the ones
staying there. All right. Um, so that's
it. They want to just pay for new
experiences and the more they earn, the
more the experience that they want to
pay for, but they just want something
different. It's not, you know, it's not
nightclub culture. It's not nightclub
culture where you just sit down and pop
bottle and bottle. They don't care for
those things. So you wouldn't advise
opening one like that's definitely not
clubs are dying.
Is millennials are going to club and
millions are going to club have
responsibility. They have children as
schooly to pay. So it's uh it's a it's
not great time for the clubs. And guess
what? It's not a Nigerian thing. It's a
worldwide thing. It's a global thing,
right? This generation don't care for
distance. Yeah, they don't. Clubs
definitely not new experiences, new
raves, festivals,
things that take them out of town, uh
that they can document. Yes. Because
what do you want to go and document in
the club today? Guys, follow me as I go
to vanity. Like we pop bottle all your
tigers have next Friday since
true. You have any more? No, I'm good.
D, thank you so much, man. Thank you so
much for having me. Lovely. This is
great.
Yeah. I didn't know I could do this.
No, you were great.
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