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How Gen Z Will Build the Next Billion Dollar Companies

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FULL TRANSCRIPT

0:00

A lot of people remember the 2022 Boner

0:01

show because if you me

0:04

that people wait had to be delayed for

0:06

like 5 hours cuz we had audio issues.

0:08

Fun fact, Bon didn't agree to do this

0:10

show until 199 because he was also

0:11

skeptical that are we going to be able

0:13

to produce this thing at the level that

0:14

they wanted. Now if you look at the

0:16

production community in Nigeria these

0:17

people that produce shows they didn't go

0:18

to any school to train to become

0:20

electrical engineers. Just some guy who

0:22

has been around for a while who just

0:24

joins wire. There's this guy who has

0:26

been doing Tai Chi with the wiring under

0:29

the stage for the event, right? Bon boy

0:32

has a 35 man band that requires mics,

0:34

right? Boom. 11 mic blew off. Need

0:37

concerts. There was a point that I went

0:38

off stage and people were stoning me

0:39

water. Me and Jimmy the host were

0:41

telling us P and bottle on the stage. We

0:43

had 100 tables. He sold at 5 million. I

0:45

have 25,000 people in the crowd who are

0:47

paid for tickets. All my brain was doing

0:49

is how we going to refund this people.

0:51

This show doesn't happen. A lot of

0:52

people playing Boner D. It wasn't

0:54

Boner's fault. And I think for the song

0:55

he come and say for the first time right

0:57

it was Nigeria that happened to all of

0:58

us bro when Boner finally climbed on

1:00

stage and he

1:02

said Mike blew for the first one of the

1:04

performance I was moving microphone from

1:07

a guy playing trumpet and guitar so that

1:08

okay let me make trumpet small

1:12

he is the architect behind moments you

1:14

live like Bernab boy Ashake and Rema

1:16

sold out concerts with crowds of over

1:18

60,000 people dio is a product visionary

1:23

cultural strategist and one of the most

1:25

trusted minds in Nigeria's tech and

1:27

entertainment scene. A lot of people

1:28

don't know this which brought back

1:30

Niger. Yeah. And it was a way for

1:32

acquisition for which at the time

1:33

because then in the beginning when came

1:35

back the only way he could vote was

1:36

through Wat. We thought that was drive

1:37

acquisition for culture and the behavior

1:39

of people it's strategy for breakfast.

1:42

But this episode isn't just about what

1:43

he's built. It's about how he sees the

1:46

world. Nigeria is the only place where I

1:47

see a global movie superstar or a global

1:49

Nigerian superstar doing Tik Tok kids

1:51

super movie. You see people laugh at it

1:52

and I'm saying it's the Nigerian way.

1:55

What the skit guys have done from

1:57

themselves. I've not seen it anywhere

1:59

else in the world. Can you talk a bit

2:01

deeper about Gen Z's? This is a

2:03

generation that is not inspired by how

2:05

much you pay them. What they really care

2:06

about is this conversation is a

2:08

masterclass in product thinking,

2:10

cultural pattern recognition and

2:12

building for the new Africa. December

2:14

did not grow organically. It was

2:16

strongly engineered by

2:20

so Dio when people listen to this

2:22

podcast they may be in their car they

2:25

may be on their way to work somewhere

2:27

maybe they're working out and I want you

2:30

to first think about if someone was to

2:33

see this video with your name and they

2:35

click into it what would you want them

2:38

to know about building in Nigerian being

2:40

a builder it's an impossible game man

2:43

like it's an impossible game The game

2:45

doesn't have a manual. It doesn't have a

2:47

route. Um, and for everything that you

2:50

are playing it, you are creating new

2:52

levels that the next person playing the

2:54

game is not seeing, right? Um, building

2:57

Nigeria is like it's one of the hardest

2:59

thing anybody can try to do, right?

3:01

Well, it is possible, right? Um, and you

3:04

know, one of the things I've sort of

3:05

been very bullish about

3:07

is building great things visa.

3:11

Um, we can do it from here.

3:15

Nigerians can build products that can

3:17

compete with what we have in the world.

3:19

We just have to build the Nigerian way.

3:21

And once you understand what the

3:23

Nigerian way means, right? Uh building

3:25

becomes fun and there's no formula to

3:28

it. And building Nigeria defies every

3:30

economic theory you've ever been taught

3:32

in school. Trust me, whatever they

3:33

taught you that KA said, uh it doesn't

3:37

work in Nigeria, right? Um but then he

3:40

has his own he has his own strength

3:42

also, right? And as in I tell people

3:44

this the Nigerian Nigeria itself is

3:47

designed for a Nigerian only to win.

3:52

And if you look at the history of

3:53

businesses or people that built

3:55

successful things in this country,

3:57

they're not foreigners. They're

3:58

Nigerians. And once you just understand

4:00

what the Nigerian way is, it's hard is

4:02

an is an impossible ride. But then you

4:05

keep writing and you'll find success.

4:08

Yeah. M so you know also I'm really

4:11

excited for this interview because we

4:14

have known you for years right and

4:17

anytime I step into your office I leave

4:20

with a

4:21

new a new way of thinking and building

4:24

products and so you sit at the

4:26

intersection of tech culture and

4:27

behavior for over a decade from telos to

4:30

we chat um to launching Patty Betts and

4:34

I want you to talk about specifically

4:37

this thing of building, right? Um what

4:39

are some particular behaviors that are

4:42

that you think are unique to this

4:43

country as you're building products?

4:45

Like how do you think about it? So yeah,

4:48

um like like you know like I said

4:50

earlier, right? Finding what the

4:51

Nigerian way is. um you know this yes 10

4:54

years is when I sort of been actively

4:56

trying to do this but this thing started

4:58

from when I was just young like high

4:59

school you know what I mean and what I

5:01

found is over time I've come to find

5:04

what the important patterns are and what

5:06

sort of makes us right and is that

5:08

Nigerians are the most hopeful group of

5:10

people I've seen in the world right

5:14

we're so hopeful like is that's

5:15

literally what drives everything a

5:17

Nigerian does and what I found is if

5:19

whatever product you're building can

5:21

inspire hope you have a chance and when

5:24

you do the math you look at what are the

5:26

biggest product that do the biggest

5:27

numbers in this country they're product

5:28

that say hope at a very at different

5:30

states um and and because when you look

5:33

at Nigerians also right Nigerians sort

5:35

of because they don't trust anything

5:37

that they find you know because of how

5:39

sort of been raised and what the economy

5:40

the country has been like right we

5:42

distrust things that come top

5:45

down right and we celebrate things that

5:48

goes comes from down that sort of feels

5:50

original and and which is why the grass

5:52

of gra forever sell, right? Um once you

5:55

can find that single line that sort of

5:57

connects everyone and build on that line

5:59

um yes it's and it's hope it's really

6:03

hopefully then we can now break this

6:04

down to different uh segments right well

6:07

is really the product needs to inspire

6:09

hope and you see if you go to social

6:11

media today why is every kid on Tik Tok

6:14

because one day they want to be Pella

6:15

the 18year-old kid from nowhere was

6:18

become successful that's what social

6:19

media has done for them right is sort of

6:22

broken the barrier and give them reason

6:24

that with my phone I can become a

6:25

superstar someday you know um and that's

6:28

what I found every successful product

6:30

inspired

6:32

hope and can you talk a bit deeper about

6:35

Gen Z specifically right what are

6:37

behaviors you're seeing here and the

6:39

reason why I'm curious about this

6:41

particular segment is because all over

6:43

the world Africa has the youngest people

6:46

in the world right literally in 10 15

6:50

years every probably for one person it's

6:52

probably going to be a Nigerian in and

6:54

they're going to be young. So, I want

6:55

you to talk about the interesting

6:57

behaviors you're seeing with them that's

6:59

different from others and also like how

7:02

you think about building businesses and

7:03

what businesses we should be building

7:05

for them. Great. Um, you know, that's

7:09

one generation that inspires me a lot,

7:10

right? Even though I'm sort of a old

7:12

millennial, I still think I'm I'm like

7:14

them and looking at how my story

7:15

started, right? Um, and what I find very

7:18

interesting with this generation is I

7:20

said they're going to be the greatest

7:22

work force the world has seen and

7:25

specifically Nigerian Jazz and because

7:28

they're not inspired by pay and I can

7:30

tell you right um this is a generation

7:32

that is not inspired by how much you pay

7:34

them. I promise you they are cost

7:37

driven. What they really care about is

7:40

I'm part of building something. my boss

7:43

loves me

7:46

and you know I've had to work with this

7:48

young people like today I promise you

7:50

99% of the guys who work my team are at

7:52

Genenz's and I'm telling you that for

7:54

all the big concert and the great

7:56

product that we built is always and

7:58

people don't understand this right

7:59

they're first timers it's the first time

8:01

the kid who build the bed hop that

8:03

changed what music streaming was was

8:05

straight out of university it's the

8:06

first time was going to build anything

8:07

like that all the kids work at these

8:09

concerts that we do also I promise you

8:11

it's their first time Mhm. M right and

8:14

and what this generation reminds me of

8:16

is this is how the pyramids were

8:18

built. There were guys who were not

8:20

engineers the guys who build this

8:21

pyramids and this great wonders of the

8:23

world. They didn't go to any school to

8:24

study engineering but they had sheer

8:27

will and they driven by a cause and for

8:29

every time when I see them come together

8:31

right and because I had to do this

8:32

concert I sort of gathered this young

8:34

kids in large numbers and I just say

8:38

wow this are a different type of

8:41

generation they're different type of

8:42

movement right and once someone once you

8:45

can find something to inspire them as a

8:48

whole Niger will be unstoppable

8:52

D Let's go back to your journey with

8:54

WeChat. You and I have had private

8:56

conversations about some of the insights

8:57

you had while at WeChat. Why did WeChat

9:01

fail in Nigeria at the time? And what do

9:04

most foreign tech companies still get

9:05

wrong about entering African markets?

9:09

So, you know, um which was trying to

9:12

build for us and they're trying to build

9:14

a product and not power our culture and

9:18

who we really are, right? And and I'll

9:20

give you a very crazy example of the

9:22

experiences that we had right I

9:23

remembered when I joined WeChat

9:25

um it was myself my friend Eiday I was

9:28

DJ experience of West Africa and we're

9:30

coming up with different strategies you

9:32

know a lot of people don't know this

9:32

which brought back Niger yeah that yeah

9:37

BBN you know and it was a way for

9:38

acquisition for at the time right we're

9:40

trying to because then in the beginning

9:42

when Niger came back the only way you

9:43

could vote was throughout we thought

9:45

that was drive acquisition um I remember

9:47

we invested a lot of tech product also

9:48

we're trying to do So that is called

9:50

official account. We're trying to do

9:52

things the witch chat way for Nigeria,

9:54

right? But culture and the behavior of

9:56

people it's strategy for breakfast. And

9:59

I remember fast forward to 2015

10:03

December, WhatsApp wasn't doing nothing.

10:06

WhatsApp had no office in Nigeria was

10:08

beating us with the numbers, right? We

10:10

were doing promotions, we're doing ads.

10:13

We spent billions in marketing. um we're

10:16

probably doing 900 800k active users

10:19

monthly. By December of 2015, I sat down

10:23

with my team and I'm like, we have to

10:24

find a way. I have an idea. We've done

10:26

tech. We've done all the things that

10:28

they told us to do by the product. Let's

10:29

try the Nigerian way. I remember telling

10:31

Eid that guess what I know the people

10:34

are redeem. I grew up in redeem. Let's

10:36

go to church. Church. And between me and

10:38

you in a week in December, we literally

10:40

created an account within WeChat that

10:44

publishes Open Heaven. We went to the

10:47

redemption camp. Our entire spend was

10:50

that TZI was started at the time. Teti

10:52

was starting at the time Wi-Fi. Teti set

10:55

up Wi-Fi for me at the 100,000 NRA for

10:58

people to be able to download Richard.

11:00

That was our only cost. We printed one

11:02

banner for 20,000 NRA and we had on the

11:05

screen listen to pastor boy on WeChat in

11:09

that week we had 3.6 6 million new

11:11

users. I promise you it was crazy that

11:15

in that one week of the church congress,

11:17

right? And culture worked understanding

11:20

what people wanted. But of course at the

11:22

time the Chinese people don't touch

11:24

religion. Um and we've tried everything

11:26

else that we spend money on, right? And

11:27

when they saw that what worked was

11:28

religion, uh it was like okay, this is

11:30

not the country they want to be in,

11:31

right? And and what it is is everybody

11:34

try to sell products to us and that's

11:37

what everybody miss. And because the

11:39

social culture or or sort of what makes

11:41

us as a people is different and you know

11:43

the big lesson I took from witch and

11:45

which is where I sort of found the

11:46

answer right and which I said hope and

11:48

the things that around it right is I

11:50

realized what did we do wrong you know

11:52

what I mean after I left out and I was

11:54

going to start the next venture I'm like

11:56

what did we miss and it was then I

11:57

realized that there's no two culture in

12:00

the world that share the same soio

12:02

economic

12:04

structure no two culture because it sort

12:06

of made me to sit down and sort of had

12:08

big questions. Um, we were all trying to

12:11

solve social payment, communication,

12:12

social payment. That's what that's what

12:13

the goal was. That's what I was trying

12:14

to do. what works for them in China and

12:17

you know on one of my work trips I sat

12:19

down like okay so what did WCA do to win

12:21

in China and could not win anywhere else

12:22

because it was not just Nigeria they

12:24

failed which didn't work anywhere else

12:27

right it just works for in China and

12:30

very minute Asian countries that always

12:32

deal with Chinese people you know what I

12:33

mean and I realized that early on in

12:35

2009 2010 I remember when started Pa was

12:39

pushing mobile money mobile money didn't

12:42

work also and all of us were trying to

12:44

do the model create the money that

12:46

worked in Kenya in Pesa. And so I it now

12:49

made me see what we all missed. And what

12:51

I found is that this products or this

12:54

platforms that we all celebrate today

12:56

solved social problems, not technology

12:59

problems, right? And Pesa solved a

13:01

social problem, right? Unlike me that

13:04

Nigerian, right, that grew up here, even

13:06

in my village in Bora, there's a UBA

13:08

bank. So, you know, when people tell the

13:10

bank story, it's not straightforward.

13:12

There's a bank in the remote village of

13:15

Nigeria. There's a bank. But if you go

13:18

to Kenya, it's a different case. Once

13:19

you leave Basa Nairobi, you're driving a

13:21

100 kilometers is all wilderness and

13:23

safari. And what you find is every child

13:26

in Kenya is trying every young person in

13:27

Kenya is trying to move to the city to

13:29

walk to send money back home solve the

13:31

social problem sending money back home.

13:33

The people decided that this is going to

13:35

be our payment for every platform that

13:37

congregates. It's not technology that

13:38

decided the people decide that oh this

13:41

is what we want to do with this platform

13:43

right and I found out with Empessa and I

13:45

like okay it solved the problem to Kenya

13:48

I looked at the UK we all travel the UK

13:50

is tap to pay cards and I realized that

13:53

okay T2 hasn't worked anywhere else as

13:56

has worked literally passed 99% of their

13:58

of their own economy and it was because

14:01

they had the the trains the

14:03

underground which was built the biggest

14:06

thing in the in the UK the is the train

14:08

transportation that's what everybody

14:09

uses right and the way you move around

14:10

is that you tap the car the cards the

14:13

oyster cards to go around so it was

14:15

natural for cards and tax pay to become

14:18

the thing that they use also WeChat on

14:21

the other hand solve the culture problem

14:23

in China you know Chinese people sort of

14:25

live in communities right in small small

14:28

communities and what you find is that

14:29

guy has woken up to work in the factory

14:31

in the morning coming back in the

14:33

evening is texting the neighbor oh I

14:36

need two Shinshen two fish packs and why

14:39

because for the first time today if you

14:41

go to to the Arab countries and you see

14:42

them use chat like WhatsApp they don't

14:45

text like you and I they use voice notes

14:47

more and because nobody has figured out

14:49

how to put the Arabic in the way in

14:53

natural form on the keyboard even you

14:56

find out they all use voice notes rather

14:57

than texting so we was the first person

15:00

to put modern Mandarin on the keyboard.

15:03

So it became a natural way for Chinese

15:04

people to communicate and that's what

15:06

was the social drive. Um and I looked at

15:08

every society to the US and why cash was

15:10

successful in the US and not anywhere

15:12

else and because cash applied the

15:15

username the US gave the entire world

15:17

usernames and then I realized that every

15:20

society you know we celebrate these

15:21

great products but every the society in

15:24

the end decides what the products will

15:27

be and what it is for them. You know

15:28

what I mean? and coming back home to

15:30

Nigeria, right? It was then I realized

15:32

and I asked a big question. So what was

15:34

it for us? Uh and then we found it, you

15:36

know, and and that's sort of the things

15:37

that you learned from all of these

15:38

things, right? Is um you have to build

15:42

with the culture, not for the culture.

15:46

Oo, you you dropped some gems right

15:48

there. Um I I'm curious, speaking of the

15:51

culture, what do you think is unique to

15:54

us? like things that you still think

15:57

people haven't really solved or not or

16:00

haven't really thought deeply about our

16:01

culture. Okay. So, you know, there

16:04

there's a good example I give, right? I

16:05

said, you know, in as much as you go on

16:07

social media today and you see a people

16:11

bashing Euroba people, bashing Osa

16:13

people or bash and we even go I said I I

16:16

come I said Nigeria we have something I

16:18

called divided unity,

16:22

right? I call it I call it divided unity

16:24

and why it's

16:26

because when it comes to and we're

16:29

bashing ourel when next day chica and

16:34

are going to marry themselves right and

16:37

then let the Kenya person come after

16:39

Nigeria able

16:41

person the whole 268 ethnic group is

16:44

coming for you

16:46

um and we have and in that lies

16:49

something very very big and this is the

16:51

one thing that has broken Every

16:53

prediction that economics and the world

16:55

has had about Nigeria that divided unity

16:59

gives us a full sense of for ourselves.

17:02

Nigeria is the only country in the world

17:04

you do not have a job you do not go to

17:08

work you can live in bar

17:09

[Music]

17:12

island use an iPhone

17:15

6 and drive

17:17

anas because your uncle doesn't mind you

17:20

coming to live with him. M we have a way

17:23

of naturally subsidizing each other's

17:25

life.

17:27

That you will not find anywhere else in

17:29

the world. Interesting. If for every

17:32

Nigerian that you see to the smallest

17:34

level of a Nigerian, there's three four

17:35

people that they subsidizing their life.

17:38

And so that divides every economic

17:40

projection you want to make in

17:42

life because you have one cousin that

17:44

can reach out to you that says

17:47

AAI and you're going to send it, right?

17:51

And when you average just look at the

17:53

bank statement and see what they spend

17:54

money on, you see that 35 to 30% of your

17:56

entire revenue or money that you earn

17:58

goes to you subsidize other people's

18:00

lifestyle. And this you will not find

18:03

anywhere else. It's literally what has

18:05

power the country for the longest and

18:08

it's unique to us. And I keep saying if

18:10

somebody can build on this social

18:12

structure. See if you I when I sat down

18:15

with top government official and we're

18:17

talking about trying to empower 3

18:19

million people and that's I'm like no

18:21

you don't need to empower any of Nigeria

18:23

just empower 10,000 cons but one person

18:26

it just takes one guy to blow the entire

18:28

family has blown. No

18:31

and you see the structure in every

18:33

industry you know music industry it's

18:35

just one Davido but there's like 15 guys

18:36

around him every day. Most kids are

18:39

going to super private

18:41

schools and this structure is is huge

18:44

and I keep saying if we can build on

18:46

this then we'll find the gem of how big

18:49

and powerful our country is. We watch

18:52

out for ourselves like nothing else.

18:57

It's it's you know we everybody praises

18:59

the evil culture. It's not just of how

19:02

the ebo businessmen bring their

19:04

brothers. It's not just the evil guy.

19:06

It's it's across the entire formation of

19:08

how we Nigerians are. We look at guess

19:11

what even to your coral politicians the

19:13

guy is taking 50% of what is stolen to

19:16

subsidize life of poor people

19:19

and that's sort of what has sort of

19:20

helped the fragment of of of our country

19:22

called Nigeria right if we can build a

19:24

real system around this

19:25

irregularity would find something that

19:27

is phenomenal in this

19:32

and so now you speak about you built

19:34

products you've filled stadiums and

19:36

you've shaped culture right what do you

19:38

think is the the line that connects all

19:41

these things you do and what type of

19:43

legacy are you trying to build? I want

19:45

the generation after me to

19:47

say that build things that give us

19:50

permission,

19:52

right?

19:54

Um and because you know we're sort of

19:56

raised to always ask for permission.

19:59

We are raised to ask, oh, I want to do

20:00

this. And I'm

20:02

saying if we can sort of cross that

20:04

barrier where you always ask to ask for

20:06

permission to do things. You know I I

20:07

have I have one very rogue mantra that I

20:10

share with my friends. I say see don't

20:13

ask for permission or because they won't

20:14

grant you. Go and do it and ask for

20:17

forgiveness. You know what I mean? And

20:19

because permission doesn't come right

20:20

we've had to fight for everything that

20:22

we own today, right? And yes that's it.

20:24

I say I want the young people to say

20:25

this guys built a structure that gave us

20:27

permission to do whatever we can dream

20:30

of right and it's sort of how I see us

20:33

achieving that goal and it's what this

20:35

tiny social platforms are doing nobody

20:37

doing at scale right and and if you look

20:39

at every single product I sort of tried

20:41

to build that's what it is from MTM PS

20:43

back in the days it was a time where

20:46

we're all in school and we're young

20:47

students and I'm paying the same tariff

20:49

my mother and my father who is a rich

20:51

guy pays and I'm like no can create

20:54

something different and it was how we

20:56

created MTM pulse which was unique at

20:58

the time was the first youth product in

20:59

the entire country and what MT did

21:01

differently was that I said network we

21:04

can use your cell mast we all connect to

21:06

a particular cell mast right you can

21:08

know that all of us that live in this

21:09

region are students can our tariff be

21:11

lower you know and that gave permission

21:13

because then people now have no phones

21:16

that could use internet for the first

21:18

time people could open Facebook accounts

21:20

they could have WhatsApp um and it's

21:22

sort of how I sort When we built bedu

21:24

also the same thing before we built bedu

21:26

the music streaming app the only way

21:28

your music gets on a platform you have

21:31

to go through some big distributor or

21:33

lib is to sign you but we do a platform

21:35

that from your phone upload your song

21:36

and the world will hear

21:38

you right we put up billboards all over

21:41

the country and saying as long as you

21:42

can sing those billboards are for free

21:45

come into this building we'll put you on

21:46

a billboard and people will hear your

21:47

song and and I think that's it like I

21:49

want to say this guy built something

21:52

that gave us permission um to create at

21:54

no limit.

21:58

D let's go back to not just the

22:01

beginning but around the

22:02

DTI story right you had worked with Mr.

22:07

easy at the beginning of his career,

22:09

right? What can you talk to us about

22:11

that period of time and especially now

22:13

that this December has exploded into

22:15

this global phenomenon for the diaspora?

22:18

What does that mean to you now from both

22:19

a legacy and product perspective? work

22:21

us through how the word even detsy with

22:24

dirty wave and then now December evolved

22:27

you know you know uh I was at the gather

22:29

early in the year and someone very

22:32

influential in the ter was saying that

22:34

oh um you know seeing that death that

22:38

grew organically has become a thing and

22:40

I smiled I'm like no 30th December did

22:43

not grow organically it was strongly

22:45

engineered by group of young dreamers in

22:49

2016 you

22:51

Um Mr. was my very good friend and like

22:53

you said his career self started well we

22:56

were friends and you know when I tell

22:57

this story it's quite interesting when

22:59

easy started singing I did not believe

23:01

in the music

23:04

career because at the time it was only

23:06

started I was really doing fine I was

23:08

working for a company called 440 and we

23:10

had I expered in like 10 businesses and

23:16

of the 10 business we invested in he had

23:18

the best one that was really doing good

23:20

the other guys didn't have a chance of

23:21

being successful. The only way we sort

23:24

of defend back to our investors that oh

23:25

we have one successful guy and the guy

23:27

wants to go and be

23:30

singing you know and he wants to go and

23:32

be singing right and I know he come and

23:34

meet me that because I had my days in

23:36

telco we satus I love guys and like oh

23:38

dio I'm going to sing here I'm going to

23:40

do here go I follow him to studio

23:42

multiple times I'm like this guy focus

23:45

on the one that will give us money now

23:46

like this I know these music artist

23:48

these guys don't have money you know and

23:51

and he was hellbent on it and I remember

23:53

2016 and which is where you know when we

23:56

connect the dots is when you look back

23:58

and you connect the dot everything makes

24:00

sense that nothing no lessons learn was

24:01

a fluke um had to call out tons in 2010

24:05

then I met to right who was selling

24:08

phones literally and then who sings on

24:10

the side and then I remember I started

24:13

social betting literally patty bets if

24:16

you look at easy

24:17

today he's doing power pay and bet you

24:20

know bet power right Um, and I remember

24:23

him calling me in one money. If you go

24:26

on YouTube today, my first party bet

24:30

advertising ads, right? And I remember

24:32

him calling me February of 2016 and he

24:35

gets, "Hey bro, um, some guys invited me

24:38

to the UK to come and perform." I'm

24:39

like, "You that are still trying to get

24:40

your song to blow in Nigeria? Who is

24:41

inviting you to come and perform in the

24:43

UK?" That, "Oh, will I come?" I said,

24:45

"Come and with you?"

24:47

No. He left. He went and I remember him

24:51

texting me that night and saying, "Hey,

24:52

bro, they just paid me £5,000 to perform

24:56

at a club tonight." I'm like, "Wait,

24:58

what? Somebody paid you which song?" And

25:01

you know, I was like, "Wait, do you mean

25:02

it?" He's like, "Yeah, serious." I'm

25:03

like, "How do you know about the song?"

25:04

And he goes, "Oh, you know, iTunes and

25:06

Spotify where I've put the music and to

25:09

cut long story short, it was real." And

25:11

I remember him sending me this part

25:13

dance for me that became the global

25:14

eight. And I remember taking that song

25:16

trying to hustle the song. I took the

25:17

song to bank cuz banki ran one of the

25:19

biggest vast compi this song is going to

25:21

be a hit song you guys should give us

25:23

money for it cuz the only way we knew

25:24

how to monetize them was get money from

25:25

coll guys I remember bank stud and

25:28

saying you know and the song went on to

25:29

be a global that particular year had

25:33

gone to to do the roundhouse show first

25:34

Nigerian artist to sell out halls right

25:37

he did the place the in New York you

25:39

know how was it in Nigeria and we're

25:41

just looking at everything and we're

25:42

going to come back home I was like you

25:44

want to come and do a concert back at

25:45

home true story and this is how

25:47

disabired. Um that year 2016 where it

25:50

became a

25:51

sensation. We're going to go and do the

25:53

we're going to do this concert at what's

25:55

it called?

25:56

Um it was not landmark. The place beside

25:58

landmark. Um is it where the Chinese

26:01

restaurant is? Chinese restaurant.

26:03

Oriental. No, no, no. The Shiro Harbor.

26:08

We're going to do Adro Cafe because it

26:10

was a new artist. I wanted a small place

26:11

that just 1,000 people will be in and

26:13

we'll call it a day. Yeah. Right. And

26:16

then clay we went to adro we have

26:19

literally closed adro we have done the

26:20

wrecky the show will happen here we can

26:22

easily gather a thousand people in this

26:23

place so it will be a nice

26:25

show ad slide us for a bigger artist

26:29

literally that oh there's a big artist

26:32

wants come and use the place Mr. was not

26:34

big enough and then we're forced to go

26:35

to Landmark. Landmark was a big venue.

26:39

It was like, can we sell Landmark? I

26:40

remember on the same day of that show,

26:42

David had a show at oriental.

26:45

Really? Yes. On the same day, David had

26:47

a show at oriental. To cut long story

26:50

short was sold and for a lot of things

26:53

that became culturally style from that

26:55

show because we had tech background. We

26:57

had a guy called buyer who built Mr.

26:59

Easy.com. So we only sold our tickets on

27:03

our own website, right? We create our

27:05

own structure for selling between me and

27:07

you because we're not just we're

27:08

expecting just 1,500 people. So we

27:10

didn't put a cow to the ticket that

27:11

we're selling. The place was filled to

27:14

the brim that they almost shut us down.

27:16

We had over 3,000 people. I was there.

27:19

People were trying to struggle to gain.

27:20

It was ridiculous that they had

27:22

accreditation. And credit to Clay

27:24

because it was Clay that had to create

27:25

all of these matters at the time. And

27:28

that was the foundation of what death

27:30

sent by today because the crowd that

27:32

sold that show for us was the IGGB guys

27:35

who had listened to skin tight in

27:37

London.

27:39

The following year was 2017. At the time

27:42

there were only two big venues in

27:45

Nigeria. It was a hotel that could only

27:47

take 4,500 people and landmark that

27:49

could just take two five people. And

27:51

then we just did the math like we can do

27:53

more than this number. So mean that

27:54

there's no venue that can sell the

27:56

number of people that we wanted. And

27:57

that's what made us go to Ghana. Yeah.

28:00

And the Ghana story becomes more

28:01

interesting because now this is where

28:03

and HA became friends cuz HA was a

28:05

flutterwave and Flutterwave was trying

28:07

to enter the Ghana market. Yes. Right.

28:10

And the same emmo get us people and we

28:16

conclave powered our payments on the

28:19

site. We all went to Ghana. We took

28:20

Labadi Palm Beach which was a bigger

28:22

venue. It was a craze. Everybody was

28:25

coming. It's amazing that and that's how

28:28

dirty December started because it was

28:29

called dirty literally started on our

28:31

phone in the WhatsApp group called dirty

28:33

party where the mini party was called

28:35

was called dirty party Lagos because

28:38

easy had a saying that used to say we

28:40

say oh dirt was a slang he used to just

28:43

use right and then it was our friend

28:45

Meister a Ghanaian friend of ours who

28:47

said oh guess what let's call this thing

28:49

dirty rave

28:51

and dirty rave was a first

28:53

time African and diaspora were going to

28:56

move solely because of music to a new

29:00

location and everybody flew to Ghana.

29:01

the tech community at the time we all

29:03

went there it is there now we at the

29:05

gates

29:06

battling selling tickets it was it was a

29:09

crazy day and that sort of set the

29:11

foundation for December um and every

29:15

single person has worked hard to kept to

29:19

keep that culture growing you know h

29:21

went on to

29:22

start year of return right and that's

29:26

what and it was a group of young guys us

29:28

working hard learning it It was in 2019

29:32

after the year of return no 2018

29:34

precisely there was a problem we found

29:37

easier as something called empower right

29:39

because people came from tech uh

29:41

background right and the goal with

29:43

empower was that let's find creat new

29:44

talent like him that didn't need record

29:46

labels or big money to sort of become

29:48

successful um empower was beautiful we g

29:52

you know about 100 kids were giving

29:53

money but we had just one great success

29:55

story Joe boy

29:58

yes

29:59

2018 we had to bring in Ray Cross to D.

30:03

I remember. Yes. Because we didn't have

30:05

African superstars that could sell that

30:06

could sell large numbers.

30:08

Yeah, I remember that it was only David

30:11

and Whis. They were the big superstars

30:14

that could sell big shows. You had to

30:15

combine like three to four African

30:17

artists to sell a 10,000 show, right?

30:19

Because we didn't have the venue. Yeah.

30:21

So by 2019, I saw this loophole. I'm

30:23

like, wait, if this festival is going to

30:25

become a thing, we need to create new

30:27

artists. which was why we started bedu

30:29

create platform that allow creates new

30:31

set of superstars that can sell these

30:34

big shows luckily for Afrobate 2019 B

30:38

boy remmerance came back right and then

30:40

we started bed and I remember the first

30:42

group of guys I went to call was HA I

30:44

sat down let's go and do future fest but

30:47

then happened to us we posted and we all

30:50

kept strategizing to how do we move

30:53

people h is our cheap mover of moving

30:56

people here Because those tank clubs was

30:57

a huge hit. 75,000 people told you we're

31:00

doing crazy. Now I guess how do we move

31:02

and we all sit down and you know when

31:04

somebody comes and sit down all of this

31:05

type organically it breaks my

31:07

brain you know to 2022 and we looked at

31:11

escape again. I said let's do feature

31:12

first and then Bonab boy was going

31:13

crazy. Guess what? Let's do Bon Boy.

31:14

Yeah. And the biggest shows before us

31:17

were shows that happened inside a hotel.

31:20

A co hotel at peak is 4,500 people. I

31:22

didn't realize it was that small when

31:23

they set up the tables when it's just

31:25

the table set up that they do now. It's

31:26

2,000 people or 25.

31:29

Wow. And you know, and I remember we're

31:31

going to do Boner Boy. It was

31:33

myself Casey. Everybody thought we're

31:35

mad. And what year was this again? 2022.

31:38

Yes. Everybody was sure we're mad. I'm

31:39

like, yes, we're going to do 20 20,000

31:41

people here. Echo Atlantic. Echo

31:43

Atlantic was going to be a big show. And

31:45

we did it. There was a lot of

31:47

problems, but we did it. 25,000 people

31:50

in one place. It was ridiculous. Yeah.

31:52

Walk us through cuz again for our

31:54

listeners and for the viewers, right?

31:55

What are some of those production

31:57

problems? You and I know cuz we talk

31:58

about it, but even something like

32:00

they're only setting equipment where

32:01

there's only one equipment or two

32:03

equipment in the entire Africa for a

32:05

production of that scale. Can you inform

32:07

our viewers about that? So again, even

32:09

though we were dreamers and wanted to do

32:10

big things, we were incapable because we

32:13

didn't have access to the equipment. And

32:14

like what HS said, true story, a lot of

32:18

people remember the 2022 Boner show that

32:20

people wait had to be delayed for like 5

32:22

hours cuz we had audio issues. Fun fact,

32:26

Bon Boy acquired something called a digo

32:28

mixer console. There was only one in all

32:31

of West Africa. One one they had done a

32:34

show for a two nights before in Ghana.

32:38

Know what I'm saying? January 1st was a

32:40

Sunday. Yeah. Friday night Aphroella

32:42

festival they were using the mixer

32:46

in

32:48

Ghana. So they're carrying this mixer

32:51

around just this Africa

32:53

man they plus tickets.

32:57

They were using the mixer in Ghana.

32:59

Okay. We wake up Saturday morning. Bona

33:03

boys team missed their flight back to

33:05

Lagos. Back to Lagos. No plane to bring

33:07

them. And I remember I was going to go

33:08

and ask people that have planes to help

33:10

us move these guys in. They come in, the

33:12

mixer didn't come with them. Saudi, we

33:14

finally get the private jet to carry

33:15

them. The mixer didn't come back with

33:17

them. Sunday

33:19

morning, we had to fly the mixer from

33:21

Ghana to Lagos. Mixer is in Lagos.

33:24

There's not a single person that could

33:25

operate

33:28

it. And that same Sunday we have to fly

33:31

a guy called Dio from London to Lagos

33:35

to operate this mixer to come and help

33:36

us

33:39

operate the mixer. You know what I mean?

33:43

It's is really ridiculous. I just want

33:45

us to pause here cuz I think it's very

33:47

important because even when we had we

33:50

from Lanway, right, he was explaining

33:51

the intricacies of real estate. We we're

33:54

using this to explain the intricacies of

33:56

concept production in Africa, right? So

33:59

you're saying that there's only one

34:01

mixer at the time. At the time last

34:03

there was just two in West Africa. Wait,

34:06

why is there only two? I don't I like I

34:08

I'm not really clear on what what is it?

34:11

So because productions before we started

34:13

doing big shows, people don't require

34:14

this scale of Yeah. equipment, right?

34:17

But then we have the Bonham boys, the

34:19

Remas who are now performing on big on

34:22

on war stage. O2 and that becomes the

34:24

requirement. Yeah. You know, today what

34:27

do we do in Nigeria? Nobody does a full

34:29

live

34:29

performance that requires that much uh

34:32

mix production. You know what I mean?

34:34

Where the ones who say I say we're going

34:35

crazy, right? Um and so we're trying to

34:38

do things that guess what a good example

34:41

you know there's an old story of Chris

34:43

cancelling a show in Kenya. They didn't

34:46

have the production equipment. Why even

34:48

going to remember show last year in

34:50

Kenya? They have to fly the same device

34:52

from South Africa to Kenya.

34:56

Wait, how big is this device? I don't

34:58

understand. This [ __ ] is just so big

35:00

like this. Just this. So they're just

35:01

flying this thing around like flying

35:04

flying. This difficult thing is so

35:05

frustrating. Like and is it expensive?

35:07

Like why why aren't there more? No, this

35:09

is like just 180k.

35:13

You must sing song. Yeah.

35:16

And you know and and this just half of

35:18

the story. You know what I mean? I

35:20

remember the Bona boy show, you know,

35:22

finally get this mix. Walk us through

35:24

that night like how was it? Oh god.

35:28

First Bona didn't agree to do the show

35:30

until 19th of December because he was

35:33

also skeptical that are we going to be

35:34

able to produce this thing at the level

35:36

that he wanted and we kept promising and

35:38

he's quite particular particular and we

35:40

said yes don't worry we're going to do

35:41

this [ __ ] So 18th of December so we

35:44

announced the show 19 21 that's going to

35:46

happen January 1st show sells out shows

35:50

ridiculous the show sold out don't worry

35:51

it was a big deal 25k people even me I

35:53

was in right and everybody gets there it

35:55

all started smoothly we finally got this

35:58

guy that can operate dig set

36:00

up and then talent this way to the real

36:03

problem now if you look at the

36:05

production

36:07

u community Nigeria these people that

36:09

produce shows they didn't go to any

36:10

school to train to become from

36:12

electrical engineer. It's just some guy

36:14

who has been around for a while who just

36:16

draws

36:17

wire. So obviously there's this guy who

36:20

has been doing Tai Chi with the wiring

36:23

under the stage for the event,

36:25

right? And boom, Bona Boy has a 35 man

36:29

band that requires mics, right? Boom. 11

36:34

mic blew

36:35

off. Need concerts.

36:42

The madness was so real. So now there's

36:45

no mic for boner boys guys to come and

36:48

perform. So we kept stalling with other

36:50

performances.

36:52

Nothing was happening. There was a point

36:53

that I went off stage and people were

36:55

stoning me pure water. Me and Jimmy the

36:56

host were telling us P and bottle on the

36:58

stage. Bro, between me and you guys that

37:01

day was like [ __ ] Sorry for my for my

37:04

English. I'm

37:05

like, we had 100 tables set up. He sold

37:10

at 5 million

37:11

naira. I have 25,000 people in the crowd

37:14

who have paid for tickets. All my brain

37:17

was doing is how we going to refund this

37:19

people if this show doesn't happen. This

37:21

show must happen somehow someway. Fire

37:24

call everybody that we know. We found a

37:26

guy who brought this mics in for us.

37:30

Okay, you guys cannot sound check. I

37:32

promise you. Sound check started like

37:34

9:00 p.m. while the people were dancing.

37:37

That's why we started doing some rough

37:39

sound check because the device didn't

37:40

come in on time. We scaled through that.

37:43

Then I remember the boner band guys say,

37:44

"Oh, they need to go back to the hotel

37:46

and change." This was 11:00 p.m. Change

37:49

to what? Change where? There's no road

37:52

outside. There's traffic. It's going to

37:54

take you guys 2 hours to get back here.

37:56

And I remember we just have to find a

37:57

way. Three of them went to go and bring

37:59

what they were changing to. We had to

38:01

get we got Bona in Bon finally came in

38:04

this time five hours was

38:06

gone and I remember when Boner came in

38:09

and he held the speaker he was angry of

38:11

course right and you know a lot of

38:13

people blame Bon D night it wasn't

38:15

Boner's fault and I think for someone to

38:17

come and say for the first time right it

38:19

was Nigeria that happened to all of us

38:21

you know what I mean because Bona and

38:23

his team were ready

38:25

the the band had been on ground since

38:27

12:00 p.m. of that day, Boner had been

38:29

on standby since 7:00 p.m. We just kept

38:31

managing them, right? Um, and I remember

38:34

when Bona finally climbed that

38:36

stage and there's I have I'm sure I'll

38:39

share that picture with you guys to use,

38:41

right? Where auntie bos was changing it

38:43

for me that there's no way my son is

38:44

climbing on that stage. I I start I'm

38:46

your son too auntie this show must

38:48

happen and I was begging I was really

38:50

switching for like my son is not

38:52

climbing. I said ma I'm also your son

38:55

I'm going to be in

38:58

them and you know and we finally got

39:01

banners to get I said bro when boner

39:03

finally climbed on stage and he said

39:06

they call me ber ha the first

39:10

relief and mic blew between me and you

39:13

for the first one of the performance I

39:15

was moving microphone from a guy playing

39:18

trumpet and guitar so that okay let me

39:20

make the trumpet small let me

39:26

I was passing with my

39:35

hear man

39:39

but Bona gave Nigeria an amazing

39:41

performance performance like people were

39:43

happy in the end and then you know we we

39:45

scaled through and so yeah the

39:47

foundation problem is there um we still

39:49

don't have this equipment you know what

39:51

I Um I had to make the same problem last

39:54

year. This probably not the finish with

39:56

Remma. Oh uh yeah. But before we even

39:58

get to Remma, let's walk through each of

40:00

them. So there was Burner and there was

40:02

Shak. Okay. Shake. Yes. Yes. Yes. Cuz

40:05

that show was people loved that show.

40:08

But Shake was the next year. That was

40:09

the following. Yeah. So walk us through

40:11

the following. Yeah. So you know the

40:12

Shake show very interesting, right?

40:15

Um I remember my very good friend Alex

40:17

uh came

40:19

Alex managers reach out to me that hey

40:21

bro let's do a shak and because of

40:23

course I was part of the white bers has

40:25

been my family forever and so the shak

40:28

emergency I was part of it all happen in

40:29

front of us right so it was a great year

40:30

to see becoming a superstar I remember

40:32

going to meet my friend let's do your

40:33

own concert and said no let's do shak

40:35

instead right cuz I wanted to do grand

40:38

concert and he was like oh no that's

40:40

shak and Alex had come that oh you

40:42

wanted us to do shak between me and you

40:43

I wasn't trying to do shakm M right. I

40:45

wanted to do Remma

40:48

because from our prediction we saw that

40:50

Remma was going to be a global superstar

40:52

and you know it was going to be easier.

40:53

It was going to be easier to sell Remma

40:54

to the global audience and stuff that

40:56

year. So we're going to do Remma as

41:00

Nigeria we have it. Remma fell sick and

41:03

canled the show. This is a show that you

41:05

raised money from investors

41:07

at a very high interest

41:09

rate. So, and uh FX FX. Oh, very

41:14

important. FX cuz when we're doing this

41:16

negotiation, dollar was about 650. By

41:18

this time, dollar was already entering

41:20

9001,000.

41:22

And kid show because he was sick and

41:24

there's nothing. The kid was really

41:26

sick. Yeah. And then I'm here sitting

41:28

down called my partners and like guys,

41:29

what's going to happen? Are we dead this

41:30

year?

41:32

And I remember I picked that phone, call

41:35

Alex. I'm telling you, this was December

41:38

7. The year was already running out and

41:40

I called Alex. Alex let's do a shak. He

41:41

said how? I said let's do it. And I went

41:44

to meet day. We both went to day and

41:47

they said yes. Now the question is we've

41:50

spent money to try to doma. How do we

41:52

find money to do

41:54

this? And I remember I guess what I'm

41:57

going to go back to my bankers and again

41:59

you know there are few banks that sort

42:00

of supported us that understand this

42:02

right. um uh for shout out to them

42:04

selling providers bank and I' I've

42:07

worked in banking and provid bank saved

42:10

us that year between me and you in 5

42:13

days provid bank approved 500 million

42:16

for us to go and that go and ask anybody

42:19

that collect money from bank in Nigeria

42:21

without

42:22

collateral to go and do a shak and we

42:24

had to announce a shak and to be sincere

42:28

I think the ones that you don't platform

42:29

become the easiest a shak show was a

42:30

smooth ride for Right. It was really

42:32

good. People came out. It was an outdoor

42:34

show. So [ __ ] and that sort of gave us

42:37

it was a good it was a good outing. Um

42:39

we didn't have that much stress and

42:41

reason being by the time Ashake had his

42:44

own foreign production team that sort of

42:46

worked with us. So they had done the

42:47

flight time show. So there was a sort of

42:48

a template that we scaled up on. Um so

42:51

Shake show wasn't wasn't really of a

42:53

hassle but it was a good outing and

42:55

again good record. We had 18 16,000

42:58

people at Soul Beach. Um so yeah it was

43:00

it was a good one but it sort of sets uh

43:02

what that did for us was that it set the

43:05

pace standard for us that yes we can do

43:07

bigger shows and and we can make this

43:09

work. So then the next year now

43:12

following year let's go and do remma.

43:15

It's just it's crazy that there are some

43:17

things I cannot say on this

43:19

podcast because we're still in court. Oh

43:22

yeah. And you know we never talk about

43:24

these things right? you know um we're

43:27

still in court on the on the rema issue

43:29

right because things didn't go the way

43:32

we planned like I said we're taking

43:33

money from

43:34

investors year before and investors are

43:37

charging you I said that your interest

43:39

as times five

43:41

and FX as at 650 now naira dollar 800 at

43:46

the time

43:48

you know and you have a lot of back and

43:50

forth on trying to do the show um and

43:53

you have to just concede some things but

43:56

again when I see the Rama show and what

43:59

happened at the Rama show uh a testament

44:01

to what we've what was possible right um

44:05

and again I have to give credit to the

44:08

team because the team it was sweat blood

44:13

putting that stuff together so yeah you

44:14

have to give credit to the team and you

44:16

know when when you hear when the stories

44:18

are

44:23

deeper because you're trying to do the

44:26

impossible, right? Um remember in Benin

44:30

and you know 22,000 young

44:33

people, it was ridiculous. 22,000 young

44:35

people and you know when I was looking

44:37

at the stat and and I promise you 60% of

44:41

them flew in to Benin to watch. They

44:43

were not even locals,

44:46

right? The Remma show, Battle with Rain.

44:50

Uh but you land it, right? you come to

44:56

Abuja. Abuja was also a smooth ride.

44:58

Well, let's come back to Lagos. Cuz he

45:01

did three cities just for our viewers.

45:02

Yeah. Legos was ridiculous. And I

45:04

promise you, Los was ridiculous. Uh what

45:07

announced that drama show was going to

45:08

happen at Equat Atlantic. Yes. And then

45:12

they said we can't use the venue cuz

45:14

some consulate is building an embassy

45:16

and they don't want distraction and they

45:18

can't be

45:19

disturbed. between me and you

45:22

guys.

45:23

Remma who had finished Abuja on the 15th

45:28

by Monday morning Rama team said they

45:30

pulling out of the Lagos show cuz we

45:32

don't have a venue. The show was on the

45:35

21st. So this is 6 days to the show and

45:38

I remember because we're in Abuja 15th

45:41

the team had to rush down to Lagos to

45:42

start setting up for the 16th. So now

45:44

what's the venue we're going

45:45

to go to

45:47

TBS? If you're in Nigeria and they tell

45:49

you there's a show in TBS, you would

45:53

think you would think before you go

45:55

there, right? And this also now trying

45:57

to do the impossible, right? And I

45:58

remember staying back trying to convince

45:59

the team that guys don't worry, we'll

46:01

move all of Nigeria to this venue.

46:05

Um,

46:07

and we go back again. Digo, you see the

46:10

fear of Digo the mixer. D mixer is the

46:14

beginning of wisdom cuz they also has to

46:17

fly in from Abuja because I start use it

46:18

to do a show. Yeah. So the same con

46:21

we're going to use I start used it to do

46:24

a show in Abuja. So he has to fly in in

46:26

the morning to Lagos while we're setting

46:28

up. That's even half of the story. You

46:31

know this is a mega show. We had huge

46:33

screen requirement. Today I promise you

46:35

today nobody has production equipment

46:38

that can power. We cannot do the type of

46:41

scale that we had at the countdown. We

46:43

can have two of that in the same day in

46:45

Nigeria. It's crazy cuz there's no

46:48

equipment.

46:50

We had booked equipment to use screens

46:52

that we're going to move because that's

46:53

what happens every December. So some

46:55

guys are going to use the screen as one

46:56

venue because there's limited screens.

46:58

They're going to move once they finish

46:59

to the venue. So why waiting for the

47:01

screen that they were using at

47:04

um the the

47:07

the Jensen guys shows the one oh native

47:10

land native land

47:12

and that's the day that it crashed hey

47:14

so the team was waiting that oh they

47:16

finish native land we move the screen

47:19

next day same morning after the show to

47:22

DPS and then you get the news yeah GG

47:25

the stage had the stage has fallen stage

47:27

has collapsed and all the screen has

47:28

collapsed so which means no cream. Yeah.

47:32

And you go, "How the hell is this show

47:34

going to happen?" I remember God on the

47:37

day of the show 2 p.m. I promise you no

47:40

screen was

47:42

up. I remember they coming to say I shut

47:47

down the show. There's no way we have to

47:51

cancel. Me begging with my old age,

47:53

begging young boys who are younger than

47:54

me. I was begging with my old

47:57

age that guys we've gone through and

48:02

turn to get here. Finally, we found some

48:05

guy who has some transparent screen

48:07

somewhere and we moved it in. I promise

48:10

you remember show for people that came

48:11

early people say no

48:14

screen. But in the end was a great show.

48:17

Yes. Um and of course we're taking all

48:19

of these learnings right um to see what

48:22

kind of petitions are we going to make.

48:25

Um and luckily for us what we did in

48:29

December showed Nigeria that we actually

48:31

have a huge venue. Yeah. Because I

48:33

promise you, we know what we have to do,

48:35

right? Which I can't say on the

48:37

podcast, but not a single phone was

48:41

you know, I remember when the show

48:42

finished around 2:00 a.m. I was walking

48:45

down and I saw Jenz's fancifully walking

48:48

on the street of Los Island. I'm

48:50

like, this is the Nigeria we prayed for.

48:54

You know what I mean? Um, and yeah, it

48:57

sort of sort of set a new motion. Yeah.

48:59

Everybody believes now, you know. It was

49:00

it was good. Thank a very big thank you

49:02

to Lego State government. Um they were

49:05

really really it was a Lego state event

49:07

literally Los State own the concert at

49:09

the time. Um big thank you to them uh

49:12

for making that happen. Uh the state was

49:15

really behind us providing all the

49:16

security that we needed getting the

49:18

locals to cooperate with us. Literally

49:20

the guys that you talk called the thugs

49:22

that would attack you were the ones that

49:23

were security that did. They were the

49:25

ones in green. Um yeah. So it was was it

49:28

was a great one. It was a great one. Can

49:30

you expand for our viewers even the

49:32

technology that was used to process the

49:33

show? So many people might not know but

49:35

in that 2017 in Ghana or even 2016 the

49:39

issues of people in the diaspora they

49:41

used to maybe using event bright or

49:43

ticket master you pay for your ticket

49:45

you show on your phone you go in a lot

49:47

of Africans didn't necessarily have

49:49

those sort of ticketing companies on the

49:52

continent but since photo wave pay has

49:55

enabled payments and other payment

49:56

companies too now also we have ticketing

49:58

companies as well even bank transfer can

50:00

you walk them through the technology

50:02

leaps that have happened that even

50:03

enabled. For example, I know with Remma,

50:05

the only place to get a ticket for Remma

50:06

was Soft Life was softife.com, right?

50:09

And it was bank transfer that they used

50:11

to pay. Nobody could buy physical

50:13

tickets. It literally had to be an

50:15

electronic ticket. So, can you walk them

50:17

through the technological um

50:19

innovations? So, yeah. Uh I think that's

50:22

one of the things that sort of helped us

50:23

to do this things at the scale at which

50:25

you do it and I'll tell you that's our

50:26

secret source. um you know very far on

50:29

when I start when we started bedu we

50:31

knew that we needed to solve be a

50:34

technology that could power transactions

50:36

at scale

50:38

um and because it's really what we were

50:40

trying to solve for and we sat down

50:43

thinking okay what's missing right um

50:45

and I remember my our first experiment

50:48

because like you said if you remember at

50:50

flutter wave it got at sorry at dirty

50:53

wave it got to a point that you and I

50:55

were collecting cash yes for tickets

50:58

because network was down, people

51:00

couldn't access the site and we're

51:01

literally collecting

51:02

we were collecting cash, you know,

51:05

because people couldn't buy tickets

51:07

online, right? Um, and so it was very

51:09

important to me that we built a

51:10

technology that could solve that

51:11

problem. And so we started building in

51:14

2019 and we found what the problem was,

51:17

right? You know, when the pay when the

51:20

pay stack of and photo start, everybody

51:22

was focused on card payments, right?

51:24

I've always hated card events and my

51:26

reason being 35% of the time is feeling

51:30

right and one of the things I learned

51:31

from working at WeChat was when I was as

51:34

I said when I say earlier that the

51:35

social line that connected everybody

51:36

right I found what it was for Nigeria I

51:40

realized it was bank transfers yep that

51:43

you needed to build a social technology

51:45

it needs to sit 100% if you can on bank

51:49

transfer and that was the first layer

51:51

but then bank transfer had a major

51:53

limitation M bank transfers go through

51:57

nibs

51:59

nibs today or even the best payment

52:03

processor in this country can only do

52:05

160,000 transactions per second and for

52:08

our viewers nibs is basically like the

52:09

interbank settlement payment payment

52:11

layer uh and because how is built right

52:14

once transaction passed that threshold

52:18

things start going crazy and that's what

52:20

we witnessed when there was no cash in

52:21

Nigeria where everybody was now trying

52:23

to do transfer, right? And you know,

52:25

things were going crazy, right? And

52:26

realized that nobody had built what we

52:28

call a microtransaction engine for

52:31

payments, for real money payments. Uh,

52:34

and because Telos have had this for

52:36

years, which I said when you go back and

52:37

connect the dots, it all makes sense. In

52:39

my t days, even when the network is bad

52:41

and you cannot hear what the person is

52:43

saying, the network will collect their

52:44

money. You see that their one NRA, two

52:47

NRA cost, charge. Yeah. It will go

52:50

through. you will not hear the person

52:51

you be doing for 5 minutes or and like

52:54

there must be a way t are doing these

52:55

things and there was not even GPs so how

52:58

do we build and that's when we realized

52:59

we need to do the micro transaction

53:00

engine and today what is inside soft

53:03

life is something we call tutu and it's

53:05

literally the only microtransaction

53:07

engine for real payments on the

53:08

continent and can you explain what a

53:09

microtransaction engine is like I said

53:12

again today in Nigeria nobody uses their

53:14

phone or bank have to send 5 to some

53:16

tenant because then it becomes expensive

53:19

right nobody pays is 15 with their

53:22

imagine if for that time you have to buy

53:24

coke or pay a water the only way you use

53:26

back transfer don't we're going to be

53:27

[ __ ] because that too much

53:28

transactions right so our our systems

53:31

today can't power microtransactions

53:34

right and for us to be able to do a

53:36

concert of 100,000 people that be buying

53:38

water and drink and want the economy

53:40

that's around that concert to be fully

53:41

digital we need to be able to process

53:43

that transaction at that speed so we

53:45

have to build this microtransaction in

53:46

2016 right today it does 2.2 2 million

53:49

transactions in 1 second.

53:54

Wow. Right. Not just that and again when

53:57

you use soft life it's built on back

53:58

transfer also and we have to look at the

54:00

loopholes within back transfer. There's

54:01

something interesting that we do and I

54:03

say this when you look at our soft life

54:04

app and you want to fund you can only

54:05

fun back transfer. If you transfer to

54:08

the soft life app your money lands in

54:09

500 millconds. M

54:13

and people and someone has asked me how

54:14

are we doing it and I say yes we is

54:16

still nibs it's just that we're doing

54:18

nibs the different way so instead of us

54:20

waiting naturally how everybody builds

54:21

is you build and you wait for that

54:23

transaction to come and you take the

54:25

notification no we don't we have a whole

54:27

engine that is sat down connected to the

54:29

bank that is firing a million requests

54:33

every second looking for transactions

54:35

that unique to us so from when the user

54:37

initiates the transaction of all waiting

54:39

for API to send it we've picked Yeah.

54:42

And so that way we're able to make

54:43

things work faster. So our big strength

54:46

is the technology. And if you come to

54:47

any of our concerts, the only way you

54:49

get in and get out or buy water is

54:51

through the stuff like

54:54

So can you walk us through, you know, I

54:58

think this is going to be an evergreen

54:59

episode. I think it's an episode that

55:01

people will watch for years, right? But

55:04

we are going into Deuti December

55:09

2025. It's going to be crazy. It's going

55:12

crazy. It went viral viral everywhere to

55:16

the point where people from not even

55:19

Nigerians, other types of, you know,

55:21

people are coming to Legos. They're

55:24

announcing it. They're making it known.

55:27

What do you predict is going to look

55:28

like? And what do you think where do you

55:32

think we have to go to really

55:34

accommodate daddy December?

55:37

Um I think the first thing we saw for is

55:39

infrastructure. Mhm. And the biggest one

55:41

is road and transportation. Yeah. If you

55:45

look at every December we had the issue

55:47

has been transportation and access to

55:49

the places. Right. Um and I think this

55:52

year is going to be more interesting. Uh

55:54

luckily for us we have a Lagos state

55:57

government that is very very uh

55:59

acceptable of the youth um and they're

56:02

working really hard right the state is

56:04

put a lot of measures into place to make

56:05

sure that this death is going to be

56:07

crazy right um a good one is what

56:09

they've done with lag ride right um as I

56:12

talk to you right now there's I sure I'm

56:14

sure there's about 3,000 new brand new

56:17

cars that the state is bringing in to

56:19

power mobility for people in December um

56:22

they're doing all the major roads that

56:24

access to the important places that you

56:26

need to go to also right once we can

56:27

solve road and transportation uh it

56:29

becomes a lot easier um and we're

56:31

working with the state to deliver a

56:33

great experience

56:35

uh there's something that's happening

56:36

this year in December it's something

56:38

myself is called for years and I think

56:41

Nigeria is getting coachella uh we're

56:43

announcing that very soon it's going to

56:44

be a big deal it's something I'm sure

56:46

when people see it a lot of people have

56:48

been asking me that are you sure it's

56:49

going to happen I'm saying yes it's

56:50

going to happen um this is like 5 years

56:52

of planning Yeah. Um and yeah, I think

56:55

we're almost there. Infrastructure,

56:56

international infrastructure

56:57

development, right? Uh because today one

57:00

of the big limitations is when everybody

57:02

comes, everybody's in VI,

57:05

right? Um if we have more facilities and

57:09

experiences that people can sort of

57:10

explore, uh it's going to sort of change

57:12

things. I think this year will become a

57:13

huge learning curve for us because this

57:15

year we're expecting our biggest

57:16

visitors yet. Uh we learn the patterns

57:18

of how they interact with the culture

57:20

this year. Yeah. M and it helps us plan

57:23

better next year to scale right but yeah

57:25

it's infrastructure literally what is

57:28

lacking is infrastructure and when I say

57:30

infrastru

57:31

um we have to give a big thank you to

57:33

the guys that own Airbnbs last year

57:37

and we don't give them credit cuz they

57:39

saved us

57:41

you can say whatever we don't have

57:42

hotels in Nigeria to think that all of

57:45

Lagos is just Mario hotel that is the

57:47

highend hotel because there are some

57:49

hotels I not mention their name here you

57:50

can't tell me that's Wow.

57:52

I know the word you're saying. I know

57:54

the what you're thinking. The OVI

57:57

there's no real hotel.

58:00

You know what I mean? Um and these are

58:02

areas we sort of need to look around.

58:03

More infrastructures. Uh yeah, the MB

58:06

structure is nice, but we have more big

58:09

infrastructure that can contain people.

58:10

Um a co hotel can't be our only a hotel

58:13

is our biggest event. 4,500 people. That

58:16

bothers me every time. 20 million people

58:18

sitting. That's what I was about to say.

58:20

university right I know few people are

58:22

building stuff now there's a 10,000

58:24

capacity that is being built by Palm

58:27

shopping mall someone else is building

58:29

one on the Lagos calaba express so

58:31

obviously this things is skaen step by

58:34

step we're going to see this progress

58:36

right but yeah we're in a good place um

58:38

and I think this is just going to get

58:40

better from here

58:42

and even I want to talk about as well

58:44

with daddy December outside of music do

58:46

you think there's other areas that we

58:49

still need to tap into that our culture

58:51

you think has like great opportunity.

58:54

Capitala fashion. I mean I mean like you

58:59

know um our fashion is getting so and

59:01

you know again one of my premise also

59:03

and prediction why I took music in 2019

59:05

was that I said our music was is what's

59:08

going to carry everything else that we

59:10

have right and which is why I was really

59:13

bullish about pushing the music also u

59:15

because our music going to push our

59:16

fashion it's going to push our movies

59:18

and I think the next frontier right now

59:19

this year is fashion um movie has

59:22

started getting attention maybe another

59:24

year or two it'll get there. But and if

59:27

you see what people like Dilab is doing,

59:30

um, and the numbers that DAB is doing,

59:32

right? Um, and seeing our Nigerian

59:34

designers, I was looking at the AMVCA. I

59:37

like wait competing with Megalo cuz I

59:40

was like, are these really Nigerian

59:41

designers? Yeah. And I think it's time

59:42

we pull focus on fashion. Yeah. Right.

59:45

And intentional focus on fashion, right?

59:47

Our music videos are being watched

59:48

everywhere in the world. Um directors

59:51

now should be intentional about

59:52

showcasing Nigerian fashion in these

59:54

music videos. It's going to help us a

59:55

lot. U but yeah, I think the next step

59:57

is fashion um and in our food,

60:01

right? Uh kudos to people like who is

60:04

creating the local food properly. We

60:06

need more of this, right? And I think

60:08

the music because imagine

60:12

uh Bonab boy sold out uh Chaz the go the

60:16

stadium in Paris, right? Start the

60:18

France, right?

60:20

Imagine 80,000 people getting introduced

60:23

to Nigerian food. Yeah.

60:26

Nigerian fashion

60:28

outside. Nothing beats that. Yeah. Rama

60:32

did the same thing in New York. Imagine

60:33

those 16 to,000 people get introduced to

60:36

our fashion and our music and our food.

60:39

It changes the ball game, right? Yeah. I

60:41

think we just need to be international

60:43

about how we collaborate um and manage

60:46

these different industries. But yeah,

60:47

definitely our creative economy has has

60:50

a high chance and Nigeria has the

60:51

attention. You know, there's a huge part

60:53

in notice in the last four years. Every

60:54

major blockbuster movie that's come out

60:58

in the last two years as a lead Nigerian

61:02

supporting character.

61:04

Okay, explain.

61:06

One of the biggest movies this year was

61:08

was Sen. Mhm. The babe. Yeah. Nigerian

61:11

was a not Nigerian character was a

61:13

Nigerian. She I hope was the a Yuruba

61:16

that she didn't seen us. Um there's one

61:20

that just there's a new series on

61:22

Netflix right now called Bet. The sub

61:24

character is a Nigerian guy. When you

61:26

find when you see all of these movies

61:27

that have been coming out, there's also

61:29

there's just one intentional

61:30

introduction of a Nigerian sub actor.

61:32

Yeah. Who is playing a Nigerian

61:35

character.

61:37

So we sort of gotten the world's

61:39

attention. the world is trying to fuse

61:42

into what we're doing and trying to

61:43

include us and we need to exploit

61:47

and not let them exploit us

61:51

right um and we have to be very

61:53

intentional and and I and I think that

61:55

we're in a place where for instance one

61:58

of the things that we fought for in the

61:59

music music industry is already

62:00

happening the next frontier is ownership

62:04

u social platforms are sort of giving us

62:06

right to own today right and you see

62:07

what our content creators are

62:09

Nigeria sort of defined Nigeria is the

62:11

only place where I see a global movie

62:12

superstar or a global Nigerian superstar

62:15

doing Tik Toks kit to promote his

62:18

movie and you know you see people laugh

62:21

at it and I'm saying it's the Nigerian

62:23

way. Yeah,

62:26

it's the Nigerian way.

62:29

I promise you what the skit guys have

62:31

done from themselves. I've not seen it

62:34

anywhere else in the world. M the what

62:38

the skits guys on our on our social

62:40

media content creators content creators

62:42

have done I've bro I've watched I've not

62:44

seen it anywhere else in the world and

62:46

you see that even a few guys in the US

62:48

are trying to do they're trying to

62:49

collaborate actively with our guys

62:51

and and the [ __ ] is happening

62:53

drastically I was talking to a friend

62:55

and I remember back in the days of ad

62:56

agencies right you hear that an an ad

63:00

agency got the right to do MTN for a

63:04

year and it's two billion

63:06

Nobody's paying that money to anymore.

63:08

The money are going to content creators

63:09

now. There's this kid that is doing

63:10

crazy on the internet. Uh his name is uh

63:13

Huh. He did he did a very popular ad

63:17

with I know the one you're talking about

63:20

the Yeah. Yeah. With um he I think it

63:22

wasn't sprites but it was in driver in

63:25

Driver. He did one recently. It was so

63:27

good, right? And skits and the quality

63:29

is so good, right? And I'm saying that

63:31

decentralization is happening. Yeah.

63:33

You're seeing the same in the music

63:34

industry. Nobody cares about record

63:35

labels anymore. Yeah. Artist now own

63:37

their own masters and music. They just

63:38

sign distribution deals. Um so we're

63:41

getting to where ownership is going to

63:42

be very important. Right. It's just that

63:44

our country and at scale. We just need

63:46

to be very intentional about who build

63:47

today. There's no infrastructure that

63:49

allows artists to earn and control their

63:52

money. We have to rely on the foreign

63:53

ones. We need to be intentional about

63:54

how we build. Yeah. You can't have drop

63:58

a video and 6 million people are

63:59

watching it in one hour and you don't

64:00

make one hour from it. Yeah. That's the

64:02

story of Instagram skim because actually

64:05

no you know what I need to double click

64:08

in this thing because it's actually

64:09

crazy when you started talking about the

64:11

skits and promoting movies literally

64:14

last night I was telling etch that I

64:17

want someone to break down this thing of

64:20

you know it's like a pipeline like

64:22

either they maybe they went through BBN

64:24

or you know maybe they're just an

64:26

influencer and they start creating

64:28

movies on YouTube right and the reason

64:31

why you know it started blowing my mind

64:32

was um I saw this Uch Montana. She has

64:36

literally Uch TV on YouTube and

64:39

literally like it looks like every four

64:40

weeks she's dropping a movie. I'm seeing

64:42

BAM's she's you know like cuz cuz I

64:45

haven't seen her in like a movie on

64:48

Netflix or in a cinema in a long time.

64:50

So I was I was like but she's 3 million

64:52

followers. Like her her following is

64:55

super engaged. Like what is it? And then

64:57

I took a look and I was like oh she has

64:59

BAM TV on YouTube. So literally she's

65:02

like making local Nigerian movies on

65:06

YouTube, right? And she has a whole

65:07

audience. So can you talk about that? So

65:09

you know and this is again the Nigerian

65:11

way and I said the people decide what

65:14

they do and what technology is for them.

65:18

If anybody ever told you what YouTube

65:20

was and how come YouTube superstars is

65:23

maybe guys that game or do some kind of

65:25

funny stuff but it's not the case for

65:27

Nigeria. is what you've said own

65:31

videos and because if we go back and

65:34

it's nothing new we all grew up on home

65:37

own videos Nigerians don't go to cinema

65:40

Nigerian was watches own videos and

65:43

because all our superstars that we call

65:45

superstars that we call the Ram what

65:48

they were making were own videos was a

65:50

movie that will be produced very shabish

65:52

quality some distributor guy in Alaba

65:55

the CDs out and boom

65:59

But then cities died.

66:01

Home videos needed a new home, a new

66:03

platform. Ah, it just clicked for me.

66:06

You're right. You're right. Videos, we

66:09

are not cinema going people. Let's call

66:10

it a spade. Nigerians don't get this

66:12

thing. But you see Nigerians, we can

66:14

watch home own video like is no man's

66:16

business. And so YouTube became the new

66:18

home for own videos. M

66:22

you know just something just unlocked

66:24

because I was just like it's the own

66:26

video culture like six like I went to

66:28

this girl's YouTube channel 6 million uh

66:31

she just released it a week ago. You

66:33

guys guess what I'm sad that nobody's

66:34

getting how ridiculous that [ __ ] is.

66:36

Yeahum and she's making crazy money. Let

66:39

me bring the number to you. Yes. They're

66:41

not even making the money they're meant

66:42

to be making. First you I was on one of

66:46

the Euroba guys won and this movie has

66:49

6.4 million views. Let me tell you how

66:52

ridiculous that is. The highest grossing

66:55

cinema movie made a billion. All right.

66:59

Billion. A billion naira. Okay. Billion.

67:01

Okay. In Nigeria, right? The average

67:03

cinema ticket is 5,000 NRA. So if my

67:06

math is still good, for you to sell a

67:08

billion at 5,000 NRA, maybe 200,000

67:10

people watch your movie. Yeah, that's

67:13

grossing.

67:15

A YouTube movie. Go and check on YouTube

67:17

today. This YouTube home videos, you'll

67:18

see 4.3 million views. I promise you,

67:21

nobody's watching that thing twice. Cuz

67:22

it's data we're talking about. Yeah,

67:24

exactly. This is a 1 hour for seven long

67:26

movie. Nobody's going to watch the movie

67:28

twice cuz data is expensive. So, I'm

67:31

saying those movies are doing 6.4

67:33

million unique viewers

67:36

times

67:38

5,000. Imagine they could just monetize

67:41

and quite 100 NRA for

67:47

watching

67:49

quiet everyone's calculating

67:53

just 100 yes you know what I mean um and

67:56

is is where we have to start thinking

67:57

about these things right YouTube won't

67:59

understand this cuz what YouTube is used

68:02

to is kids who are doing

68:05

but that's become the new home for the

68:07

Nigerian home video culture. Yes, we can

68:11

glorify our cinema movies as much as we

68:13

Nigerians are own video people. We want

68:15

the movie to be as basic, as comic, as

68:17

funny and relatable as

68:20

possible. Wicked auntie four girl

68:23

falling in love.

68:26

Simple basic

68:28

story. I we don't talk the YouTube

68:30

numbers are ridiculous. That's why I say

68:32

say your highest grossing cinema movie

68:34

did a billion. That's just 30,000 people

68:36

watching in a 200 million people

68:37

country.

68:39

But there are movies on YouTube that

68:41

just casually in one week doing 4

68:44

million views. Yeah, it it cuz you know

68:47

it's so I need to like go down this

68:49

rabbit hole because I was really trying

68:52

to understand it like I see these people

68:55

all across you know Instagram and they

68:57

have millions of followers and then when

69:00

you go to their YouTube you do the math

69:02

like there's a whole economy happening

69:05

there. They're not they're not concerned

69:07

with they're making some money. I'm just

69:09

saying the economics is because they

69:11

have to now rely on the YouTube

69:12

economics, right? Which is not good for

69:14

the value of what they're creating

69:15

because of CAC too. You know what I

69:17

mean? C T C T C T C T C T C T C T C T C

69:17

T C T C you know what I mean? CPM CPM,

69:19

you know what I mean? Um if we they can

69:22

figure out a way to monetize that and

69:23

which is where platforms like YouTube

69:24

also need to start rethinking of

69:27

building version of their products for

69:30

regions. Yeah. With how our region

69:32

works. Yeah. Nigerians would

69:34

conveniently pay this money. I'm talking

69:35

about trust me because Tik Tok shows us

69:38

that it is possible

69:41

right um and and again we have about how

69:45

I looking at it a few of us are trying

69:46

to get things done to see how we can

69:48

sort of build build for this structure

69:52

because of course the foreign guys come

69:54

just come and give us products but we

69:55

decide that we use it trust me the own

69:58

video on YouTube is is 10 times bigger

70:02

than your cinema economy it's crazym M I

70:05

mean I've always said that like as

70:07

Africans we're great at creating value

70:08

but very poor at capturing it right and

70:10

I think this is where sometimes the

70:12

infrastructure especially with the

70:13

technology enables us to capture it. the

70:16

Chinese seem to have figured out a way

70:18

to capture the value that they create

70:21

whether it's from Sheen Teu uh whether

70:24

it's even Badu or WeChat right we're

70:27

just talking about WeChat what are some

70:29

things that Nigerians can learn from or

70:31

even Africans can learn from the Chinese

70:33

especially in how we build products that

70:34

allow us to capture the value that we

70:36

create because 4 million views in

70:39

Nigeria should also be 4 million views

70:41

in the US right but obviously they have

70:43

what YouTube says is well the

70:45

advertising ing the monetization

70:48

disposable income is higher. So this in

70:50

a way actually prevents us from tapping

70:53

into the financial freedom globally. So

70:55

how should we think through building for

70:58

this sort of problem as well? Um so

71:01

again like I said right I've seen a lot

71:03

of great products come out of this

71:04

country but what you find is that the

71:07

products that we've still follow the

71:09

foreign templates some guy just see a

71:12

foreign version of an app and think that

71:13

oh come and build a Nigerian version for

71:15

it and then it fails right um which is

71:19

like say we don't we should stop

71:20

building for the people we should build

71:22

with them with them right and building

71:25

and today I think no don't try to build

71:29

our own YouTube. I think it it would be

71:31

a foolish way to go about it, right? But

71:33

we understand what our payment and

71:35

collection, how it works. Can we build

71:38

payment infrastructures that

71:40

intentionally YouTube can integrate to

71:44

and solves this problem? Yeah, I promise

71:47

you Nigerians will conveniently pay 200

71:50

NRA for this YouTube content. And reason

71:54

being I've seen been in sittings with

71:56

people saying that oh they need to build

71:57

more cinemas and my brain breaks every

72:00

time I'm like why are you guys always

72:02

thinking in reverse because how many of

72:04

you went to cinema before silver bed

72:06

what's going on here

72:09

it's true it's true we our culture is

72:12

own we are own video people

72:15

and why because

72:18

convenience the convenience of watching

72:20

own video on your TV on your on your

72:23

iPad and guess what? A lot of people

72:24

that build technology also live in

72:25

Lagos. So they delusional cuz Lagos is

72:27

not Nigeria.

72:30

Chica once you leave Lagos that's where

72:32

Nigeria starts from from Mo. You have

72:34

entered Nigeria which is a different

72:35

place. You know the goshians just down

72:38

my road is a cinema fancy one that I can

72:39

go to. I can afford it. These guys don't

72:42

even have lights.

72:44

But guess what? You see that their phone

72:46

must not die.

72:49

You know they die. Yeah. And guess what?

72:52

In that 1 hour at night when they are

72:55

home where they have on their

72:57

small pass, my neighbor Jen, they will

73:00

watch that thing on their phone. 1 hour

73:02

47 minutes. They watch three to four of

73:05

it. And I and we have to be intentional.

73:08

So saying build new payment rails,

73:11

create policies that enforces that these

73:13

platforms connect to it. Don't worry, we

73:15

don't need to earn your dollars. Once

73:16

you can end our own Nigeria economics,

73:17

it will work. Yeah. And then policy

73:20

level say that oh our creators this is

73:22

the model that we want you guys to sort

73:24

of employ. Um that's that's one step to

73:27

it. Um also creators be very intentional

73:33

right because I'm saying if you pick an

73:35

average Gen Z today and I say pick an

73:38

average Gen Z and Gen

73:40

Alpha their screen time is 13 hours

73:44

minimum daily. They spend you can you

73:49

guys can go and run this search find any

73:50

gent around you pick their phone and

73:52

check their screen time is minimum 13

73:54

hours

73:55

daily these gent spend 13 hours on their

73:59

phone out of 24 hours let me tell you

74:01

what their real time line is so 13 hours

74:03

on their phone there's 24 hours in a

74:05

whole day so out of that 13 hours

74:07

there's how many hours that's 8 10 hours

74:09

left they sleep for 8 hours don't worry

74:11

they don't play with that sleep they

74:12

don't do 5 hours like us they sleep for

74:14

another 7 to 8 hours let's fix seven so

74:16

guess thought 7 hours they sleeping 13

74:19

hours they on their phone the remaining

74:20

4 hours is food and whatever is seems

74:25

important so why you been in

74:27

cinemas they don't have TVs I was

74:29

talking to an older friend of mine I

74:31

said his kid came back home and his own

74:32

mind was trying to impress his child

74:34

went to LG to go and buy a big LG TV and

74:36

put on the wall said the boy comes

74:40

carries the

74:41

TV and drops it outside and the said why

74:44

do you think it's taking

74:47

I like how the space is

74:49

minimalist. Um, and you know one of the

74:52

things that baff me about this is that

74:54

ask any Gen Z and please they should

74:56

comment if I'm lying for them to eat.

74:59

They need their phone to be watching

75:00

movie. Mhm. That's like Is he Gen Z? I'm

75:04

a Jenzi. You see that food they about to

75:07

eat is not going to go without them

75:10

watching something and it's not TV. So

75:12

why are you trying to create a reverse?

75:16

If you have 13 hours of somebody's

75:17

attention, build from there. Build from

75:20

there. You do remember Quibby when they

75:23

tried to do Quibby. Um Disney try to

75:24

create this um you know Disney the

75:26

former Disney workers tried to create TV

75:29

shows through Kirby, but they wanted to

75:30

limit it to like maybe 5 minutes or or 6

75:34

minute movies. I don't think the thesis

75:36

was wrong in terms of this reverse we're

75:38

talking about. Maybe now the

75:39

implementation, but it goes back to what

75:41

you were saying, you know. So again,

75:43

don't revent the wheel. find something

75:44

that is normal to people, right? And

75:46

just build it with them, right? If you

75:48

look at the equivalent, the content

75:49

that's crazy in somewhere like the US,

75:52

it's things that like TV shows. Yeah.

75:54

And because they they have a huge TV

75:56

show culture. Yeah. Right. That's why

75:58

Mr. Beast is big. That's why the MP boys

76:00

are doing it has to be a show. We don't

76:02

have a show culture. Wait. So, what is

76:04

our culture? Cuz I actually want you

76:07

with this Gen Z and the 13 hours, where

76:10

are they spending their time? Which

76:11

platforms? What are they looking at? And

76:13

I I want you to if you can um tell me

76:18

what women Gen Z are looking at and are

76:21

aspiring and what are the men Gen Z

76:23

looking at. Also to add to that, can we

76:26

also talk through the data set about I

76:28

think me and you talking about is from

76:29

2018 to about 20 how many young people

76:32

in Nigeria turned and what age they

76:33

turned to? Yeah. Um so first to take HS

76:37

question first, right? You know what's

76:39

really interesting that everybody miss

76:40

right is between 2018 and 2023 46

76:44

million Nigerians started dating. 26 46

76:48

46 I okay cuz sorry the reason why I was

76:52

remember when I said to you I used to

76:53

feel like I used to come to Lagos and

76:55

there were six degrees of separation

76:56

between me and whoever I would know at

76:59

some point from that 2018 you're seeing

77:01

new human beings pop up and you're like

77:03

wait who I was question where does all

77:05

these kids on Instagram come out from?

77:06

Yeah. Like boom, we seeing hundreds of

77:08

them, right? That's what happened. 46

77:10

million 46 between 2018, 46 million

77:13

young Nigerians turned 18.

77:16

There a lot of girls I meet today and

77:17

I'm talking to are like, "Oh yeah,

77:19

you're bring your biggest influencers."

77:21

In 2018, they were still minors.

77:26

They were 16, 17.

77:28

Um, and which is a really huge number,

77:30

right? Um now to what they do Tik Tok

77:36

Tik

77:37

Tok I I was checking one uh kid's phone

77:41

and in that in a week right I was

77:43

looking at her screen time she had done

77:45

she does an average of 5 hours on Tik

77:46

Tok daily

77:51

and it's all kind of things but when you

77:55

streamline it so based on the social uh

77:58

group that that child belong these young

78:00

people belong belongs to what they

78:01

consume is different, right? Um there

78:05

very fancy ones we just want to hear and

78:07

but guess what? But you find something

78:09

that is

78:10

core gist,

78:14

gossip gist, can be foreign gist that

78:16

some people are interested in what

78:18

happened between Joba and

78:20

this. But it is in the end gist.

78:27

Gist as a service. Literally if you look

78:30

at what they watch on Tik Tok is that

78:33

Tik Tok is gist. So people like tell you

78:35

this is a gist. person said this one has

78:37

opinion on what happened to this person

78:39

or this person have married this person.

78:41

When you look at the events that become

78:43

get

78:44

various gossip, yeah, the weddings that

78:47

recently happened and everybody has

78:48

opinion on what this person is wearing,

78:50

they just want to everybody has opinion

78:53

that they want to hear,

78:55

right? And I guess and it's the same

78:57

thing, right? Um the the few ones who

79:00

have figured out how to monetize it, but

79:02

even the ones that become popular, they

79:04

became popular because people can g

79:06

about them. But what are they I'm c What

79:08

are they gisting about? Cuz like back in

79:11

the day I felt like there was real gist.

79:13

Like now it just feels like oh so and so

79:16

is friend or like it's nothing. Yeah.

79:18

Yeah. It's it's and when we look at it

79:20

this thing is not new. It's culturally

79:22

indepth into who we are. Yes. So let's

79:25

go back to what are the biggest blog

79:27

book shows and things that people used

79:28

to watch back in days of no internet.

79:31

Right. There's something in southwest

79:33

that is called a guy called

79:35

Kola who used to have a show called your

79:38

back will know this was the biggest show

79:40

on radio and what the guy does just come

79:43

and give gist about people's weird

79:45

behaviors some mystical happening

79:48

somewhere and people now have opinion

79:50

about it if you look at radio stations

79:52

that al to today talk shows stations

79:55

like Nigeria FM and

79:58

Wazobia is just the biggest tabloid that

80:02

were printed back in the days

80:04

also was ovation because ovation is

80:07

giving you view into what is happening

80:09

rich people and everybody said ah this

80:10

person what this here this person did

80:12

not greet this person it is just who we

80:16

are and you find the same thing blog

80:20

what's the biggest blog in Nigeria

80:23

what does K do

80:26

just everybody everybody who has done

80:29

anything that is not gist in blog What

80:31

does Bill do? Give you gist. And it gist

80:35

is not a it's like a Nigerian word like

80:37

it's not a word.

80:40

Who want that room in Nigeria? Nigeria.

80:44

Shade room. Shade room. Shade room.

80:46

Shade room. That's true. She said I

80:49

bring to America

80:54

globally. And is it we are you know when

80:56

I try to look at this Tik Tok guys.

80:58

Trust me it baffles me every time. Like

81:00

I'll just see them scroll. I'm like so

81:01

okay what are they talking about? Before

81:03

you know you're in their gist.

81:06

Guess what? Why is big also because they

81:08

can gist about what has happened in the

81:12

house. This person did this person and I

81:15

just follow you just want to follow gist

81:16

of somebody else. Is that why Snapchat

81:19

cuz Snapchat uniquely is big here? It's

81:22

not I feel like it's not the same in

81:24

other regions. Um yes but again Snapchat

81:27

is powering something else. Okay. Well,

81:30

[Music]

81:31

our our Nigerian men private economy

81:39

for those who know for those who

81:42

knowing expiring something else you know

81:44

what I mean and guess what you see that

81:46

the world is not using the people that

81:47

use Snapchat in the world don't use for

81:48

that they use for just sending private

81:50

messages and privacy but Nigeria know we

81:52

know what's

81:53

sparing that's what I have to say

81:57

um but yeah Um, like I said, that that's

81:59

the pattern. Nigerians just like I'm a

82:02

ball. It's true. It's true. It's true.

82:05

It's true. It's true. Nigerians just

82:08

like I'm a ball.

82:11

And you think it's I mean I don't know

82:12

if it's unique to us, but it seems a

82:15

little deeper. Okay. So I I look at what

82:18

other people Tik Toks are doing. Right.

82:22

Go and look at global people that are

82:24

big on Tik Tok everywhere else in the

82:26

world, right? You find that either maybe

82:28

a beauty influencer or a fashion

82:31

influencer or a comedian very few

82:35

comedian in Nigeria is that we can g

82:38

about

82:39

you like you're giving us drama and

82:43

guess what

82:46

right there's this guy that nobody talks

82:48

about and to just butress on this gist

82:50

right portable there's nobody that can

82:53

sing four portable song for me nobody

82:55

there's nobody in this

82:56

that can come and say you can sync four

82:59

tracks from portable but you know that

83:02

guy experience J is always giving you

83:05

guys

83:07

gist the guy will always be in your face

83:10

he must be g if he's not fighting police

83:12

was beating someone and he's a musician

83:13

nobody know song you know what I mean

83:16

and it's because what interest Nigeria

83:18

guys like this other guy who is always

83:20

on that just give people things to talk

83:22

about Nigerians don't hear their opinion

83:24

right um And that's what sort of powers.

83:27

And you look at it's the same pattern.

83:29

It's the same thing that made Nland

83:31

Narland back in the days. True. True.

83:35

Gist. True.

83:37

True. We like gist. Yeah. If I It's

83:40

actually now that I'm like really

83:43

reflecting on it, every major era in

83:46

media was like some gist just guy guy.

83:49

And it just it's like different

83:50

variations.

83:52

Even weddings. It's the gist. It's the

83:54

gist. It's not it's the gist that oh who

83:56

was there who came who did not come this

83:58

person is fighting this person it's the

84:00

gist nobody remembers who the designer

84:02

was when you're looking at is the gist

84:03

what happened there who fought who why

84:06

did this person not greet anybody this

84:07

one did not come you know and is is who

84:10

we when you understand this basic social

84:13

powers the economy yes and that's what

84:14

powers the economy but actually just to

84:16

just to I don't know because this is

84:17

very interesting to me um and I know

84:19

will probably have a different question

84:20

but let's say I'm a young gen influencer

84:24

as a woman and I want to tap into what

84:27

you say. What would you do? What would

84:28

you advise?

84:32

Uh jeez

84:34

though and and guess what I can give you

84:37

right apart the guys who became

84:39

successful from big brother once you

84:42

leave and there's nothing to gist about

84:45

you gone you have faded

84:48

right and guess what if you look at

84:50

people that become sensation today they

84:52

are the people that give us g I don't

84:55

want to be mentioning name so that I

84:56

don't become popular unnecessarily but

84:58

if you guys look at female guys, female

85:00

celebrities. There are people that have

85:02

anybody to become a celebrity in this

85:04

country. You are giving people things to

85:06

talk about. Just look at it.

85:10

So if there's no drama in your life, you

85:12

cannot be big in this country. Even our

85:14

biggest celebrities, there has to be

85:16

drama.

85:17

The music guys. Yeah. Yeah. There's

85:20

always drama. There must be something

85:22

once there's nothing to talk about. They

85:24

won't even remember that you sing.

85:29

It's true. It's true. That's why what's

85:31

his name? Kubana Priest. That's why he

85:33

always is giving a show. You have to You

85:36

have to There has to be some drama. Give

85:38

guys something to talk about. Um it it's

85:41

what it is. Whatever you want to do,

85:42

let's just be something. If you are not

85:44

making them laugh, give them gist.

85:48

Okay. Funny or give them gist.

85:51

Let's transition. So Olumadesh, one of

85:55

the most respected angel investors in

85:57

Africa, names you as his top founder in

85:58

the Nigerian tech ecosystem in his book

86:01

and you not just mentioned your number

86:04

one. One question, what did it feel like

86:06

to read that right? And then two, what

86:09

part of your journey did it bring back

86:10

to you? The early risks, the moments

86:13

nobody saw, the nights you almost quit,

86:15

and how do you carry that kind of

86:17

recognition now, especially in an

86:18

ecosystem where founders rarely get

86:20

their flowers in in public?

86:23

uh you know uh first I don't really read

86:26

books and I remember that it was my

86:29

friend oh it was it I was like funny

86:31

enough I was at the book launch

86:33

and

86:34

because is someone that I think that we

86:37

don't give enough credit for what he has

86:38

sort of done in the ecosystem uh didn't

86:41

know me from anywhere when I met him in

86:43

2015 and then he we had this idea of

86:46

patty beds and it was like oh and they

86:48

took took all their money and then we

86:50

should go and take this risk

86:52

Patty Bets wasn't successful, right? We

86:55

failed at some point. Well, guess who

86:57

gave me the first investment for my next

86:58

venture

87:03

literally the next venture I go and meet

87:04

him say, "Okay, guess what? I'm not

87:06

giving you the money in the product, but

87:07

I believe that you're going to do this

87:08

right." Um, and you know, seeing someone

87:10

like me, they just mention you in that

87:13

way. And you know, and I and I remember

87:16

texting him that, oh bro, thank you so

87:18

much. Like if anybody told me write

87:21

that, that means someone is seeing what

87:22

you're doing, right? And because this

87:24

building thing is really hard, right?

87:27

It's so hard that we don't talk about

87:30

how hard it is, right? Um you're giving

87:32

your life to build something that

87:34

matters to people, but then you lose the

87:36

things that supposed to be important to

87:38

you, right? Um you know, I've I I'm

87:42

still going through my own fair, losing

87:45

loss once to you wanting to build to to

87:48

a cost. I saw given to yourself right

87:50

and you know and if you see anyone who

87:52

is building and who is genuinely

87:54

building please hug them I promise you

87:58

they are going through a lot you know um

88:01

and to not even give up you know it's

88:04

Nigeria gives you a reason to give up I

88:07

see a lot of people come to meet so many

88:08

times with the things that you've put

88:11

your hand into you should have a unicorn

88:12

by I'm like it's not a sprint to it's a

88:15

marathon right um but Yeah.

88:19

Um it's it's interesting to see being

88:22

recognized and you know like nobody has

88:25

first everybody knows I don't like to do

88:26

interview. This is the first time ever

88:29

I'm going to sit on any form of

88:31

interview or talking. I don't like I

88:34

avoid it as much as I can. Right. I just

88:36

want to build and yeah seeing few people

88:38

recognize that yes there's something

88:39

that we're doing. Uh yeah it sort of

88:41

gives you reason to want to do more most

88:43

times. Yeah. Yeah.

88:45

Actually, you know, speaking on

88:47

building, I want you to talk about

88:50

because you're doing some very

88:52

interesting thing around these concerts,

88:54

these productions, soft life. Is there

88:57

kind of the next phase of it? Um, do you

89:00

see yourself even maybe exporting some

89:02

of this?

89:04

Um, I think those things will happen

89:06

naturally.

89:08

Um I'm I'm very strongly convicted that

89:12

if we can win here and I said win in

89:15

Nigeria would win globally, right? Um

89:19

and and the data is there and and I've

89:21

been shouting this for as long as I can.

89:23

I remember HA was here when I said let's

89:26

bring this thing away from Ghana and

89:27

bring it back home. Oh, the boys are

89:29

Nigerians. Can we bring it back home?

89:31

And my reason being I think Nigeria is

89:34

the future of everything

89:36

and the pattern is just there for also

89:39

it's just there. The US government is

89:41

building our largest consulate in

89:43

Nigeria in

89:46

Lagos. That should tell us

89:50

something. The whole world is going to

89:52

move to Nigeria. I promise

89:56

you Nigeria is a cheat. Nigeria cheats.

90:00

I repeat, everything you've ever been

90:03

taught in economics or econom in in

90:06

building Nigeria cheats it and once you

90:09

can just understand the Nigerian way, it

90:12

becomes ridiculously different, right?

90:14

Um and Niger Times projected that Niger

90:17

population will be 100 million in 30

90:18

years and they're not lying. Uh

90:22

Bloomberg also said that we're going to

90:24

be the fifth largest economy in the

90:26

world in 30 years. It's it is true. We

90:29

are the next

90:31

frontier and the moment we build and we

90:34

win here, it's going to happen

90:36

naturally. Our values are going to get

90:38

exported. We're going to power might not

90:41

power other countries but we'll power

90:42

cultures in other Yeah. in other systems

90:45

also, right? But the real goal is win

90:47

here. Yeah. Yeah. So the goal is maybe

90:50

in the future, but I'm not the guy who

90:52

is thinking of trying to launch a

90:53

version of our app in Ghana. No, if we

90:55

can win here locally, we've won. M yeah.

90:59

But you know, another thing I want you

91:00

to speak to, expanding on this is um so

91:04

I've been the same, right? I came back

91:07

in 2015, build and failed. Build and

91:11

failed. But I've always been convinced

91:14

that there's something in this country.

91:16

There's something. The creativity, the

91:19

hustle, it's nowhere else. It's

91:21

unmatched. It's unmatched. Like

91:23

literally like I just think about even

91:25

our conversations like I could drive

91:27

down to your office, sit down for with

91:29

you for a few hours and you're going to

91:31

spark things in me. I can't think of

91:34

that type of behavior in any other part

91:36

of the world. Right. So what can you

91:39

tell our listeners about why you are

91:43

particularly so excited

91:45

about building in Nigeria? Like what can

91:47

we look forward to? Cuz to be honest

91:49

again, you say, you know, Nigeria cheats

91:52

economics, but people still feel like

91:55

I've built, I've tried. I know plenty of

91:57

people who built and left. They've

91:59

japad. So what are you seeing that other

92:02

people are like, ah, I've tried though,

92:03

I'm gone. Um, and I call it there's no

92:08

rule in

92:11

Nigeria. There's literally no rule. And

92:13

let's call it call it what it is. And

92:15

because there's no role, it allows you

92:18

to create at no limits because a lot of

92:22

these other countries again and because

92:25

of it's just how Nigeria sort of be

92:27

designed. Nigeria is the only let me and

92:29

that opinion is ridiculous. You know

92:32

economics and all these financial things

92:34

break logical things but there's

92:35

something that is very illogical about

92:37

Nigeria. Nigeria is the only

92:39

country. You guys take a stroll down to

92:42

the streets of mainland local streets

92:43

and you see people that they don't know

92:44

where their next naira is coming from

92:47

and the argument is about how their

92:48

Lamborghini when they bring it to the

92:50

streets. A Nigerian who has no money to

92:53

it believes that he'll get 100k tomorrow

92:56

and I promise you he's going to get 100k

92:58

tomorrow from thin

93:02

here. It only happens in Nigeria and

93:05

he's not doing fraud. And again let's

93:06

let's understand this right in other

93:09

cultures because guess what it is true

93:11

that somebody can just call him tomorrow

93:13

and he will make a million era from

93:16

somewhere you only find this thing in

93:19

this country right and because you know

93:22

as much as people think that we're

93:24

scattered people we're united like we're

93:27

so we're divided I I divided we're

93:31

connected in in a very crazy way that it

93:34

will break your brain

93:36

And again, Nigeria is designed for only

93:39

Nigerians to win. You see the things

93:42

that you see in other culture where you

93:44

hear that, oh, some Indians are now own

93:48

all of the real estate in London and

93:51

some people own, Chinese own. It cannot

93:53

happen in

93:55

Nigeria. Only Nigerians win in Nigeria.

93:58

Go and check all of history. Nobody has

94:01

ever competed compete against Nigerian

94:03

business and won Nigerian business. has

94:04

never

94:06

happened. If you think you want to win,

94:08

you have to become Nigerian. Ask MTN.

94:11

I'm telling you, it took MTN to become

94:14

Nigerian.

94:15

If you guys go back, before you know it,

94:18

they've given them one 5,000 bill 5

94:20

billion fine. But then they became a

94:23

Nigerian business.

94:26

And because the way our forefathers was,

94:29

I don't know how they did it. Nigeria is

94:30

just designed for Nigeria to win. Um,

94:33

and your best chance of becoming

94:35

something or building or getting that

94:36

it's going to be hard and it's going to

94:38

be a easy Nigeria and everybody's saying

94:42

it. Everybody's saying it and it's

94:44

because we just in a in a in a weird way

94:47

watch out for oursel I give example to

94:49

people. I said look at how beautiful

94:51

this country is. My house I have and we

94:55

all grew up like this but we don't

94:56

appreciate the beauty of this. In the

94:58

house I grew up

95:00

in, we had a driver a gas

95:03

Sunday. Poor person what drove us to

95:06

school. But because of how we are, these

95:09

kids can come to our house. Mhm. The

95:11

kids got access to fancy things. They

95:16

mixed with us, right? You don't find

95:19

this in other culture.

95:22

You don't um I went to a government

95:25

school where the child of the carpenter,

95:28

the child of the governor, the child of

95:30

the king, we're all in the same class.

95:34

No matter the hierarchy of your father,

95:36

your father must drop you at the gate.

95:38

You will walk in like the poor man's

95:40

child. Your driver can drive in. Um, and

95:44

today we all have that

95:46

driver, that cook, that chef that's

95:50

getting access to, that's getting

95:52

exposed without having to pay for it

95:54

because they they're around us. Um, and

95:57

is a big part of what threatens

96:00

our h us as a people. And if we can

96:04

build on that, we'll become unstoppable.

96:08

And the way it's also going right in

96:10

another 101 15 years we're going to be

96:12

the third largest diaspora number in the

96:14

world

96:17

which sort of takes our strength up

96:20

right um and everybody will want to come

96:24

back and get attached to their roots cuz

96:27

in the end there's nothing like home no

96:29

matter how high you socially climb in

96:32

this society you still want to come back

96:34

and the jack wave is going to start.

96:36

Yeah. And so where do you need to build

96:37

when people start coming back? Which

96:39

where are they going to leave? People

96:40

are going to come back at light speed

96:41

and you guys can test it to this cuz you

96:43

guys came back. Yeah. Yeah. Um so it's

96:46

Nigeria. The answer is the answer to is

96:48

Nigeria. It's the next See, they've

96:51

exploited everything that can be

96:52

exploited in the world. They've

96:53

exploited the Chinese culture. I'm

96:54

telling you guys, they've exploited the

96:56

Chinese culture to the end. We watch the

96:57

Chinese movie mash heart. Korean has

96:59

been sold.

97:01

They've baptized the India culture given

97:04

us yoga and everything. the next

97:06

frontier the Africa Nigeria Nigeria

97:09

precisely no it's true it's true it's

97:11

true I mean if you if we start and we

97:14

have to be intentional so that we don't

97:15

lose it yeah it's true is also I think

97:19

for me I came to appreciate the

97:20

demographics how demographics can really

97:22

be destiny because 200 million people

97:24

and it's meant to be 400 million people

97:26

if one out of five or one of five people

97:28

in the next couple of years it's crazy

97:31

yeah you know and if you look at the US

97:34

and it's it's getting more and more

97:36

stronger. Every single person you speak

97:39

to, they know one Nigerian at least. And

97:42

and it's not even just black people,

97:43

white people, Asian people. If you bring

97:45

up, oh, you're Nigerian, they'll tell

97:46

you, oh, I knew so and so. Oh, my friend

97:49

from D. But also I think can we talk

97:52

about how the internet played this huge

97:55

role in this too because it sort of

97:57

democratized a lot because before there

97:59

were a lot of gatekeepers whether it was

98:00

in music whether it was in movies and

98:04

and I guess my question is really center

98:06

around the intersection between culture

98:08

internet technology. What does that

98:10

thesis look like for the future? Because

98:11

right now our oil is spoken for uh and

98:15

what do you call gemstones and minerals

98:18

are spoken for. The one thing we still

98:20

have that gives us leverage globally is

98:22

culture, right? How should people be

98:25

navigating that between the culture, the

98:27

internet and the role it's played so

98:28

far? Um, yeah, like you said, right, we

98:31

have to be intentional about it like I

98:32

said earlier, right? And by intention,

98:34

right? Intention, I mean fusion.

98:37

The answer is fusion. Fusion. Okay. We

98:40

need to start fusing our culture

98:43

with other culture. And if you look at

98:46

even biology is the easiest way to grow

98:48

and propagate.

98:49

We need to simplify the things that seem

98:52

really hard in our future in our in our

98:54

culture and fusion it with what other

98:56

people can understand. Yeah. And it's

98:58

what people like Bonai is doing with the

99:00

music. Yeah.

99:02

Pick the sound that they know, fuse it

99:06

with the afrobe sound. Boom. Global.

99:09

Tony Braxton. Last last. And we have to

99:12

do that with everything. M you do not

99:16

grow by trying to stay in a closed

99:18

circle. For you to really grow, you have

99:20

to allow to fuse with other things. So

99:23

you can leave parts of you in these

99:25

things. Um and so your future is the

99:27

answer. We have to be intentional about

99:29

how we fuse our cultural from beliefs to

99:34

religion to food with other culture.

99:36

It's the only way we are gonna have this

99:40

whole takeover that we were talking

99:41

about, right? Um but more importantly um

99:45

we have to also be intentional about the

99:47

things that we build.

99:49

My friend was talking recently somewhere

99:52

and he was talking about how oh

99:53

Nigerians are not uh creators and we

99:55

shouldn't bother trying to build great

99:57

infrastructure and a lot of people

99:59

didn't understand what I was saying and

100:01

I'm saying yes he's not wrong. I don't

100:04

think anybody should try to build a Tik

100:05

Tok today. Okay China you've built Tik

100:08

Tok. We found how Tik Tok work for us.

100:11

Mhm. But these are conditions on how the

100:14

tick like what the European Union

100:16

bullishly does with other the moment we

100:20

become intentional about how we fuse our

100:24

laws morals into the version of this

100:27

products that we're using here then

100:30

there's nothing miss can achieve.

100:32

Yeah. And it's actually easier to have

100:34

those conversations with those companies

100:36

than saying, "Oh, let's go build because

100:39

that ship has sailed, right? That ship

100:40

has already sailed." So now integrate

100:42

with our payment solutions. If it's 100

100:44

naira, if it's 200 naira, it might not

100:46

matter to you as a platform, but it

100:48

makes a world of difference to to us

100:51

here, right? And then this is how you

100:52

can get our people out of poverty at

100:54

scale. Yeah. So now it's time for our

100:58

rapid fire questions. Okay. So whatever

101:01

comes first to mind go. So what is your

101:05

first concert that changed your life?

101:12

Life is easy 2016.

101:14

Let me say easy concert.

101:17

That concert was it was it was the

101:20

foundation of everything. Wow. Uh a

101:22

product you wish you built.

101:27

A product that exists today that I wish

101:30

I

101:32

built. Facebook. Facebook.

101:37

That's a good one. One Gen Z habit that

101:40

fascinates you.

101:44

How they retire from work every two

101:47

years. These kids actually

101:49

go, "Bro, I'm I'm telling you, I've met

101:52

two who say, "Oh, guess what? I'm

101:53

retiring. I want to just travel for the

101:55

next one year." And I know four of them

101:58

right now. Wait, what are they retiring

102:00

to? What money do they have? I'm I'm

102:02

telling you. I don't know how I I know

102:04

four. Is you I'm talking about you one

102:06

of them.

102:08

Brilliant. This is a brilliant

102:09

distinction young lady working for a top

102:13

government

102:15

UK government precisely. Wakes up one

102:17

day and goes, "Oh, um I just want this.

102:21

I just want to read and not walk this

102:23

year." Sobatical.

102:25

literally le and she's just doing yoga,

102:28

drinking matcha, writing stuff for a

102:30

whole year. I'm like, "So, how do you

102:32

survive on this?" Like, "Oh, yeah, my 20

102:33

pounds is enough." They are a different

102:36

breed. I promise you. Like, I pro they

102:37

are not motivated by money. And I can

102:39

say this every time. It breaks my brain.

102:42

They are different. That's the one.

102:45

What is one unpopular opinion you swear

102:48

by? Oh, the richest man in the world is

102:49

going to come from here next 20 years.

102:53

Oh, yeah. the richest man. We don't know

102:55

who it is. Maybe it's me, but we don't

102:56

know. But the richest man in the world

102:58

is going to come from this country. You

103:00

know, it's so funny cuz the earlier

103:01

interview we had, he also declared he's

103:03

a billionaire. So maybe maybe Apopolitan

103:06

is king billionaire.

103:09

But yeah, the richest man from the world

103:11

is going to come from Nigeria next 30 40

103:12

years. Yeah. Okay. And then the last

103:15

question we ask every guest on

103:17

Afropolitan podcast is who do you want

103:19

to see sitting in this chair and whose

103:21

story you want to hear here?

103:25

H Shady Noble

103:30

okay expand.

103:34

Say expand. Yeah. Like I want to hear

103:36

your angle. A lot of people think that

103:40

he got everything on the plate of gold.

103:43

It needs to talk tell a story.

103:48

Yeah. Cuz I think we were wrong.

103:50

Someone's story.

103:53

I still have one more question on this

103:54

Gen Z subject. Obviously, we used to do

103:57

events and parties or I used to do that

104:00

a lot, right? This nightclub situation

104:02

where a lot of nightclubs used to depend

104:04

on people buying bottle service, but Gen

104:07

Z, they don't spend. They don't care

104:08

about tables or maybe it's even a

104:10

disposable income issue. What is it

104:13

going on then? What is the future of

104:15

nightclubs especially from this wellness

104:17

thing that we're always talking about

104:18

too? What does that look like going

104:19

forward? They're dying all they rapid

104:22

dying. They die dying so fast. Uh yeah,

104:27

this young people and it's and it's not

104:29

disposable income problem is that they

104:31

just have priorities over what they

104:33

spend their money on because again we're

104:34

all wrong. These kids have

104:36

money. Jenz's there's a there's been a

104:40

world shift in last four years.

104:42

Right. This kid is economics. Economics

104:44

that none of us can understand because

104:45

today nobody can explain to me why I'm

104:47

spending 1.5 million here. They wear it

104:50

like it's

104:52

nothing right. They buying cars like I

104:55

remember when I started working I wanted

104:57

the

104:58

[Music]

104:59

patin. These kids want the Benz and they

105:01

get the Benz. Um it's just that their

105:03

priorities are different. Um and as

105:05

everything else, right? The same way the

105:07

disco culture died, the club culture is

105:09

dying. Mhm. They don't care to p

105:11

bottles. Um they just want to drink

105:13

cocktails and they want experiences.

105:16

Like this is the only gen when I was

105:17

growing up vacation in summer. These

105:20

guys travel three to four times a year.

105:25

So they're not they're spending the

105:26

money. They know that travels three to

105:29

four times a year. Yeah, it's true.

105:31

Yeah. Experiences. Yes. So they will pay

105:35

for experiences. Wait, but now I have a

105:37

question on that. So okay from the

105:40

context of being in this country in

105:42

Nigeria what what are they doing like

105:45

I'm like that is the biggest question I

105:46

have like it's a Friday night when I was

105:50

you know on the streets

105:52

the next I was at SIP yes right I had my

105:56

regular tables I was you know we started

105:58

at RSVP then we went to sip and then you

106:00

know we could continue the night so what

106:02

are they doing on a Friday night um like

106:05

I said again they just want different

106:06

experiences and that's that's why you

106:07

sip things like elementals becoming a

106:09

thing, right? Uh you see this raves,

106:12

they want to go to raves where they can

106:14

have their simple cocktail and just have

106:16

fun with their friends. Um and you know,

106:18

I think someone should look into rave

106:20

culture culture. It's going to be a

106:23

thing. It's a thing literally already,

106:25

right? They sweat it out also another

106:26

rave that they're always going to um and

106:29

they travel a lot. And when I say

106:32

travel, not just abroad though, they're

106:35

going to they have travel groups.

106:36

They're going to Ben Republic. They're

106:38

going to Togo. Um, and because their

106:40

life is driven by creating content. So

106:43

they want to go to place where they can

106:44

show the number one tourist location in

106:48

Nigeria is phase one.

106:50

Wait, what? All the restaurants there.

106:53

Le one restaurant. The dream of that

106:56

child in a boy make his one New York,

107:03

right? And they're spending money. Oh,

107:05

all those Airbnbs, they're the ones

107:07

staying there. All right. Um, so that's

107:10

it. They want to just pay for new

107:11

experiences and the more they earn, the

107:14

more the experience that they want to

107:16

pay for, but they just want something

107:17

different. It's not, you know, it's not

107:18

nightclub culture. It's not nightclub

107:20

culture where you just sit down and pop

107:21

bottle and bottle. They don't care for

107:23

those things. So you wouldn't advise

107:24

opening one like that's definitely not

107:28

clubs are dying.

107:30

Is millennials are going to club and

107:32

millions are going to club have

107:33

responsibility. They have children as

107:34

schooly to pay. So it's uh it's a it's

107:39

not great time for the clubs. And guess

107:41

what? It's not a Nigerian thing. It's a

107:42

worldwide thing. It's a global thing,

107:44

right? This generation don't care for

107:45

distance. Yeah, they don't. Clubs

107:47

definitely not new experiences, new

107:50

raves, festivals,

107:52

things that take them out of town, uh

107:55

that they can document. Yes. Because

107:57

what do you want to go and document in

107:58

the club today? Guys, follow me as I go

108:00

to vanity. Like we pop bottle all your

108:04

tigers have next Friday since

108:08

true. You have any more? No, I'm good.

108:12

D, thank you so much, man. Thank you so

108:14

much for having me. Lovely. This is

108:16

great.

108:18

Yeah. I didn't know I could do this.

108:21

No, you were great.

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