Any Hope for Nigeria??

I am still so proud of the team that I worked with on M-PESA, sadly nobody mentions them thats why I keep honouring them …Susie Lonie..the perfect mobile money project Manager, Lesley Ann Vaughan, Tim Murdoch, Andrew Measures, Chris bowley, Steve woolfries..and Papa M-PESA Nick Hughes.   Things were so structured and Kenya offered them the right atmosphere …Safaricom supported us during this time. 

I could go on and on on the past but let me skip years after to West Africa. 
I had a dream for the Nigeria people. On arrival I hoped that we had everything in place as a Telco..We scoped,  developed, Installed…this time it was with Eric, Craig, Sarah, Phillip of Tibco.. then the regulation slapped us on the face… No TELCO LED.
I was mad…who advised these people? how can people who have for so long refused to go to banking halls come to your banking halls now because of mobile money..??
I have not stopped and will not stop asking the logic behind  Central Bank of Nigeria, trusting independent operators to run mobile money and not trusting telcos who for so long have catered for millions of subscribers under their care. 
I still firmly believe that we got it wrong here in Nigeria. You want to run a mobile money service…read the word mobile …derived from a mobile handset/phone it means that there is a simcard inside…
who better understands the mobile phone better than a telco.. what do banks know about mobile phone.. even their mobile banking runs on the Telco platform.
We got it wrong lets admit it, lets licence the Telcos. Licences were issued in September last year and because all licenced operators rely on the telcos …the process of getting financial inclusion has stalled. 
Central Bank and Nigerian communications commission need to swallow their pride and issue licences to Telcos. If they believe truly in Financial Inclusion.There is nothing wrong with M-PESA and Safaricom. The people of Kenya are happy, the Central bank has reports every month… whats the difference??? an independent operator in nigeria will definitely have the agents deposit cash with the settlement bank …same as M-PESA . 
Central Bank, Was it fear that made you make this grave mistake… why are you killing the financial inclusion dream I had??
Its my opinion:) 


From way back in 2005 when I visited a pilot Agent in Thika Town a few Kilometers from Nairobi City, I instantly knew the power of that person. The Agent. When Faulu clients on M-PESA pilot back then recieved their loans on their mobile phones, the only place they could cash it out was at Superiorfones Thika.. Virtual Mobiles next door were not a passionate as Superiorfone.  A lot has happened since those Thika days. Agency business changed from begging business people to become agents to the Business people begging us to become agents. Now allow me to jump to the state we are today in Kenya.
An agent who started with 100, 0000 Kenya Shillings in 2007 probably has made a few more shillings from commissions. Safaricom is no longer advertising “Tuma pesa kwa simu” they are now having a whole lot of Utility payments and merchant payments. All these payments point to one person “the Agent”. A lot of conferences have been done, A lot of grants have  been issued, I have not heard any that targets the agents. Agents are currently the sole suppliers of electronic value in the whole of Kenya.  I still call them “My Agents”. My M-PESA Agents face animosity from the business they serve. It takes ages to unlock their passwords, It takes ages to relocate their tills from one point to another, Nobody bothers to know why they dont have float..even the same safaricom that has burdened them with a whole lot of liquidity requirements. Safaricom is just happy to advertise “lipa karo na M-PESA” ” pay for goods with M-PESA” Pay for movie tickets with M-PESA.  Safaricom, your business has grown… stop and ask yourselves where this M-PESA you are telling people to pay Kenya Airways, Kenya Power, Nairobi Water, School fees, Insurance etc is going to come from.. Is it the same agent who was walking a tight rope trying to supply electronic value to your 2million M-PESA customers  that is going to walk tighter to supply 15 million with electronic value to enable your services to be used. I am not impressed by Safaricom.. because instead of looking at areas or partnerships that can help fund the electronic value for Agents and thus move their business further…they threaten them with closure, Never answer their calls, they are a desperate lot now.  having to move around the same 100,000 Shillings by running from shop to super agent  and losing all commission  on the way!
Safaricom lets look at the reason why, the solutions are many..but  I dont think it is right to threaten agents, close their shops. Instead, lets look for ways to manage liquidity and get Agents funded.
Agents are the only reason M-PESA is successful. Never forget that. Be Kind to them
I am  and will always be an evangelist for financial Inclusion through creation of sustainable Agency Networks