Opinion
Aboyeji: The American liberal system emasculates Black men
“Look, I'm gonna be honest, and maybe it's a little bit of a controversial point of view, but it's the emasculation of black men. That is just a fact, right? It is a big topic. It is something that, that we talk about. Black men simply have not been empowered b…”
Opinion
Aboyeji: University education in Africa is largely a waste of money
“University education in Africa and most parts of the world Is a waste of people's money. Especially in, in countries where the incomes are not large enough and the state is not rich enough to be able to afford, you know, to educate people just for the sake of …”
Opinion
Aboyeji: African currencies are just colored paper backed by the US dollar
“All African currencies, forgive me, colored paper backed by the US dollar.”
Opinion
Aboyeji: UN employees take midday coffee breaks and leave by 2 PM
“Cause it was very different from what I saw at the United Nations. You know, people, you know, they want to take a coffee break at 12 and then at two o'clock they disappear. It's the most hilarious place to work.”
Prediction Didn’t hold up
Aboyeji: Africa will have the majority of the global workforce by 2035
“In fact, just in the next 15 years, Africa is already majority of the world's working population.”
Opinion
Aboyeji: Societies running on biblical principles function better
“When you have a society that runs on the word of God, it works better. I mean, this is what Israel proves to everybody.”
Opinion
Aboyeji: Nigeria-Israel relations suffered due to Nigeria's Muslim-led regime
“You know, we've had a very tough time in Nigeria-Israel relations, I'll say you know, partially because of the regime in power is mostly Muslim.”
What-if
Aboyeji: I would build Flutterwave on USDC if I started it today
“So I'm like, look, if I was building this thing today, I'll just build USDC and be like, yeah, do whatever you like on the ground.”
Insight
Aboyeji: Building profitable tech creates more social good than non-profits
“You could actually build Great stuff. Make money, but also do a ton of good in the world. More good than you would ordinarily do otherwise. And I think that became the foundation of my own journey in tech, because for me, it became a superpower for getting thi…”
Prediction Open · timeframe Dec 2100
Aboyeji: Africa will hold the majority of the world's population by 2100
“Because by the end of the century, right, Africa is the majority of the world's population.”
Assertion Supported
Aboyeji: Flutterwave is Africa's most valuable tech company
“The most valuable company on the continent.”
Assertion Not checkable as stated
Aboyeji: Most tech investors in Africa are bankers, not former entrepreneurs
“You know, it's unique on the continent, because you don't have that many successful investors. A successful entrepreneur is becoming investors. It's not yet a thing on the continent, because you barely have any successful entrepreneurs. How much more? So most …”
Insight
Aboyeji: Modern Silicon Valley playbooks do not work in Africa
“You cannot think about investing in African startups the way you would think about investing in Silicon Valley today, right? It's not gonna work because we're stuck in the seventies.”
Insight
Aboyeji: Dollar globalization via stablecoins hedges against Federal Reserve policy
“Because the globalization of the dollar, maybe this is a political statement, is the best hedge against the feds.”
Assertion Contradicted
Aboyeji: Nigeria adds ten million children per year
“They're literally adding ten million kids a year.”
Assertion Not checkable as stated
Aboyeji: Future Africa's first $1 million fund returned 22x
“First fund, you know, One million dollars. I just used my money and we did 22 times. We returned 22 times on that. We distributed nine, nine million.”
Assertion Not checkable as stated
Aboyeji: Nigeria is rapidly becoming the world's hair manufacturing capital
“Nigeria is very quickly becoming the hair capital of the world.”
Disclosure
Aboyeji: Moove was built primarily on debt financing rather than equity
“You know, we built an incredible company called Move simply on the back of a little bit of equity and a lot of debt.”
Disclosure
Aboyeji: My personal goal is raising Africa to 30% of global GDP
“My goal, personal goal, is if God helps me. Africa today produces three percent of global GDP. How do I get that number from three percent to 30%? That is what I wake up in the morning and think every day.”
Opinion
Aboyeji: Niger Delta militants had legitimate environmental grievances
“Even though the accusation was done wrongly, at the end of the day, they did have legitimate grievances about, kind of, the environmental destruction in Niger Delta, although I think they should have gone about it more legitimate ways.”
Assertion Supported
Aboyeji: Nigeria's median age is 19 with 12% university participation
“Nigeria's median age is 19, meaning half the population is under the age of 19, half the population is over the age of 19. And to make matters worse, there's not a lot of university education. So, 12% participation rate.”
Disclosure
Aboyeji: A 2014 Nigerian job stampede inspired the founding of Andela
“And that was the day I figured, well, if these people can do anything, why not teach them stuff that actually makes them money? Why not teach them how to work on the internet? And that was the day that this flipped, the switch flipped for me, and then, you kno…”
Assertion Partly supported
Aboyeji: Moove drivers own their vehicles after 30 months or 4,500 rides
“So we lease the car to drivers, but not forever. They only lease for 30 months. 4500 rides, roughly. And then they own the car.”
Assertion Supported
Aboyeji: Car ownership in target African markets is just 2%
“Car ownership is two percent.”
Iyinoluwa Aboyeji