News
Earning Extra Income Through the Gig Economy
By Adeniyi Ogunfowoke
There is no easy path to making money. You have to work extremely hard and even engage in additional jobs that can sometimes be stressful to earn a living. However, with the gig economy becoming ever more popular, you can still keep your 9 to 5 job and still earn some extra income without sweating. You only need a good internet connection.
In Nigerian parlance, it is often referred to as a side hustle.
A gig economy is a free market system in which temporary positions are common and organisations contract with independent workers for short-term engagements. Since they are short-term engagements, you can easily perform the given task at your convenience.
In fact, the gig economy has been scaled to a whole new level where you can simply advertise your skills, talent and what you can offer to prospective clients. If the client likes your profile, you will be contacted. In this case, you do not need to glide from one website to another in search of gigs.
Today, there are thousands of sites where you can find short-term gigs or advertise your skills. They include Fiverr, Freelancer.com and locally, Jumia Production Services. Jumia as an ecosystem debuted Jumia Production Services to enable service providers to reach more clients.
The service providers have access to more than 10,000 vendors and they also get social media service boost. If you are a service provider in any of the following categories: Content, Freelance Photography, Graphics Design, Search Engine Optimisation, Product Upload, Makeup and Digital Marketing, do not hesitate to signup.
The opportunities in the gig economy are endless. But, there are some strategies you need to know or have at your fingertips to be successful in the gig economy. We share some of these strategies.
Show versatility
The gig economy is very competitive and only the best will be contacted. While it is important to know your areas of strength, the gig economy requires that you also show utility and versatility. The days of “I only do this” has past. It is important to display your ability to flex within your field of expertise and embrace changes in technology or the evolution of the way clients utilise your services.
Focus on personal branding
Thriving in the gig economy requires more than just your subject matter expertise. The key to standing out in a crowded marketplace is to communicate your core values and benefits persistently. In other words, you need to have a solid personal branding strategy in place. To unearth your strategy, ask yourself what it is that you are particularly good at. What do you want to be known for?
Build on referrals
If you’re in a heavily saturated industry, it can be hard to market and sell your gig. On the other hand, it is often difficult for consumers to determine who to buy from when the market is saturated. Encourage clients to offer referrals and testimonials to help get other clients. Typically, their referrals will have some background information about you and will be easier to work with.
Take deadlines seriously
Deadlines are sacred. Failure to deliver jobs on deadline can be very fatal to being a success in the gig economy. Clients do not want to deal with someone that disregard deadlines. If you cannot meet the deadline, ensure you inform your clients and they may be magnanimous enough to extend it for you. Ensure that this deadline extension does not become a trend.
Don’t allow it to affect your 9-5
The gig economy is quite flexible and as a result, many get carried away that it begins to affect their 9-5. If you do not want to make your freelance job your main source of income, do not allow it to affect your full-time job. Ensure you find a balance.
News
Corruption: ICPC Threatens Sanctions as 330 MDAs Fail Financial, Governance Tests
Independent Corrupt Practices and Other Related Offenses Commission (ICPC), has revealed that none of the Ministries, Departments, and Agencies (MDAs), in the country complied fully with ethical standards, policies, and anti-corruption measures in the passing year.
This was following the findings from the Commission’s Ethics and Integrity Compliance Scorecard (EICS) for the MDAs.
The Commission warned that henceforth, non-compliant MDAs will face necessary actions, including enforcement, to ensure adherence to government directives.
According to the EICS scorecard released on Thursday in Abuja by Demola Bakare, ICPC spokesperson, no MDA out of 330 MDAs that were assessed through physical deployment by ICPC teams achieved full compliance.
The EICS serves as a preventive tool used to assess and enhance the compliance of MDAs with ethical standards, policies, and anti-corruption measures.
Findings from the report indicated that no MDA achieved full compliance, while 29.55 per cent of MDAs captured attained substantial compliance, and 51.62 per cent had partial compliance.
The report also observed that 15.91 per cent showed poor compliance, while 292 per cent were non-compliant.
According to the report, common gaps included a lack of whistle-blower policies, strategic plans, and effective stock verification units, adding that many MDAs failed to conduct any forms of system studies or render financial and audit reports.
Commenting on the report, Bakare noted: “This year, 2024, the tool covered 323 responsive MDAs, with 15 MDAs non-responsive and categorised as high corruption risk.
“It is imperative to inform you that this initiative has yielded some positive and value-driven impacts, and these are, but not limited to, increased awareness and compliance with anti-corruption measures, enhanced competition among MDAs to meet criteria, and improved procurement processes and data reliability.
“The Commission recognises the MDAs with substantial compliance and will continue deploying these tools to promote integrity and accountability.
“Non-compliant MDAs will face necessary actions, including enforcement, to ensure adherence to government directives. We are certain that these efforts will continue to underline ICPC’s dedication to enhancing good governance and preventing corruption.”
News
Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim
Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale agreement to support the refinery during a liquidity crisis.
In a statement on Wednesday, Anthony Chiejina, company’s chief branding and communications officer, said the NNPCL’s stance was a distortion of the facts.
“We would like to clarify that this is a misrepresentation of the situation as $1bn is just about 5% of the investment that went into building the Dangote Refinery,” Chiejina said.
Chiejina stated that the refinery’s decision to enter into a partnership with the NNPCL was based on the recognition of “their strategic position in the industry as the largest offtaker of Nigerian crude” and at the time, the sole supplier of petrol into Nigeria.
“We agreed on the sale of a 20% stake at a value of $2.76 billion. Of this, we agreed that they will only pay $1 billion while the balance will be recovered over a period of 5 years through deductions on crude oil that they supply to us and from dividends due to them,” Chiejina said.
“If we were struggling with liquidity challenges we wouldn’t have given them such generous payment terms. As at 2021 when the agreement was signed, the refinery was at the pre-commission stage.”
According to the statement, the agreement would have been cash-based rather than credit-driven if the refinery struggled with liquidity issues.
The refinery’s spokesman said the NNPCL was subsequently unable to supply the agreed 300,000 barrels a day of crude (bpd).
He stated that the shortfall was because the NNPPC “had committed a greater part of their crude cargoes to financiers with the expectation of higher production which they were unable to achieve”.
“We subsequently gave them a 12-month period for them to pay cash for the balance of their equity given their inability to supply the agreed crude oil volume,” he said.
“NNPCL failed to meet this deadline which expired on June 30th 2024. As a result, their equity share was revised down to 7.24%. These events have been widely reported by both parties,” he said.
News
9mobile Addresses Recent Service Outages, Apologizes for Inconvenience
9mobile has apologized for the recent service outages experienced by its valued customers which has affected their ability to provide voice, data, internet services. “We understand the frustration these disruptions have caused and deeply regret the inconvenience.
“Our technical team has identified the root causes of the outages including a fire incident at our Main Data Centre in Lagos last night which severely impacted services especially in the Lagos and South-West. We are grateful for the swift intervention of the Lagos State Fire Service, which helped prevent further damage.
“Prior to the fire incident, our network experienced major fibre interruptions leading to varying degrees of outages. We had a fibre cut on the backbone links in Lagos which led to a total data outage across the country.
“This was followed closely by two vandalism incidents in Lagos and Abuja, leading to total service outage in South-West and data service outage in the North. Services have now been fully restored in the North & South-South States while restorations work is ongoing in others. We expect to fully restore services as soon as possible”
At 9mobile, customer satisfaction is remains top priority. “We value the trust you place in us and appreciate your patience and understanding during this challenging time. Customers who continue to experience issues can reach out to our customer service team via our social media touchpoints or our experience centres”.
Once again, we sincerely apologize for the disruption and thank you for your continued support.
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