Natural Resources

Natural resources (for example, liquid and solid mineral resources) should be converted to man-made goods and services in a reasonable, systematic and sustainable manner. We cannot and should not continue to merely export raw materials to the rest of the world. To major in the export of raw materials is an outright disservice to humanity and an insult on our intelligence and creative abilities.

Inventions and innovations in Science and Technology play a very, very big role here. The conversion of natural resources to useful man-made goods and services promotes outstanding creativity. Also, these goods and services would be a major income earner and a massive job creator. At the end of the day, we will witness peace and prosperity; a higher standard of living and a greatly improved quality of life of the people. 

Create It #invent #innovate

Here's a sample video am sharing with you in line with encouraging creativity in Africa. I work as a Technology Developer with inventors and innovators to improve on their work. It's all about promoting inventions and innovations in Science and Technology in Africa. The video shows an inventor, Emeka Nelson. It shows two key inventions we are working on:
1) A generator powered by water.
2) A waste renewable system that converts non-biodegradable materials like plastics into petroleum products - fuel.
https://www.youtube.com/watch?v=6l8u_6qHDXs

Please, share with others. And thank you!

--
Karo E.K.D. Akamune

"Courage is valorous, but egotism is vainglorious and suicidal."
"The pursuit of happiness is an experience of joy & satisfaction."
"There are 10 kinds of people in the world:
Those who understand binary and those who don't."

#science #technology #invent #innovate #createit

Investments. Facebook as a Case Study.

Investments. Facebook as a Case Study: 

In the summer of 2004, venture capitalist Peter Thiel made a $500,000 (About N200,000,000.00) angel investment in the social network Facebook for 10.2% of the company and joined Facebook's board. This was the first outside investment in Facebook.

In April 2005, Accel Partners invested $12.7 million (N5,080,000,000.00) into Facebook.

In April 2006, Facebook closed its Series B funding round. This included $27.5 million (N11,000,000,000.00) from a number of venture capitalists, including Greylock Partners and Meritech Capital, plus additional investments from Peter Thiel and Accel Partners. The valuation for this round was about $500 million (N200,000,000,000.00).

A leaked cash flow statement showed that during the 2005 fiscal year, Facebook had a net gain of $5.66 million (N2,264,000,000.00).
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A close look at this Facebook example shows one thing: No where would you see that the U.S. government gave a kobo to Facebook. (But it provided an "enabling environment".) All the monies there came from Angel Investors. 

Nigerians need a massive mental, mindal shift. More of our millionaires and billionaires MUST see the importance of investing MONEY into homegrown Science and Technology companies. 

The general public also needs to be properly informed about this as well. We have very powerful, successful and influential banks today because millionaires, billionaires and the general public rallied together, bought shares, poured money into our homegrown banks. This must also be replicated in our Science and Technology companies. And as we do this, we'll become more self-reliant. We'll have a robust economy. We'll drastically reduce poverty. 

#Unity #Faith #Peace #Progress #Science #Technology #invent #innovate#think  #OneLove