For quite some time now I have been
on this advocacy, teaching, and enlightenment drive for ways we can improve
upon our investment information sharing and management processes. I do this for
the challenge that I see in the disconnect between what obtains in other
markets and ours, and the obstacle this represents to overall market
development. When we do certain basic things differently from the rest of the
world in a supposedly global industry, we lock ourselves in this cocoon of what
I've christened "who will bell the cat?"
When a market punishes you for
choosing to do the right thing, you may then begin to appreciate you're
actually in another ball game entirely.
Today, the whole world can enjoy
gains like improved communication and seamless processes of commerce built on
the power of the internet and the world wide web. But we must never lose
cognizance of the highly important role that standards have played in the
evolution of the IOT. Without HTML, HTTP, XML, TCP/IP, URL etc., all being
critical language standards to allow seamless communications across proprietary
softwares, systems, and devices, we'd probably be somewhere else today other
than the great discoveries of e-commerce, e-books, e-Trade, e-meets, and
In investment, the globe is probably
not communicating enough presently as standards yet remain largely diverse and
silo-structured, but there are certain low hanging fruits of standardizing
investment information and communication in this industry that we can embrace
and take massive advantage of, to further open us to the world of opportunities
Standardization takes nothing away
from us or our businesses, rather it fosters that much required level playing
field for everyone in the competition to focus on what they know how to do
uniquely best for the value-add to the consumer. Africa is still the next big
thing in the world of development opportunities. Nigeria is still the trigger
of all things great in this continent's exponential unravelling.
We should standardize our investment
information and reporting processes in alignment with the best practices of the
rest of the world.
Yes, we can and we should.