How do I accept payments on my website? Part 1

I have had the misfortune of having to explain to a few of my friends over the last few weeks that selling cards (or urging customers to part with their cash using plastics) are not the same as accepting payments on websites.

Nigeria is going through a financial transformation where the CBN itself is at the forefront of electronic payment. That really sucks. I mean, CBN? What about all the fancy banks who blow their hollow trumpets about being the first in this or that.

Back to my rants.

The big question is if I were to have a website today, how do I get my customers, or visitors, or maybe church members to pay for something online? Those were actually the questions my friends wanted answers for. Nobody really asked me to go into a sugar-fueled ranting about nothingness.

So, in my next post, we would walk that journey together hoping to find where it leads us.

Monkey Business

Once upon a time in a village, a man appeared and announced that he would buy monkeys for $10.

The villagers went out to the forest and started catching them. The man bought thousands at $10. As monkeys became scarce, he upped the price to $20. This renewed the efforts of the villagers. Soon the supply diminished again.

The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $100! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the man’s absence, the assistant said to the villagers: “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $75 each and when the man returns from the city, you can sell them to him for $100 each.” The villagers brought out their life savings and bought all the monkeys.

Thereafter, they never saw the man nor his assistant again—only monkeys everywhere!

Another Weekend Crash

After getting a 5+ year respite from plane crashes, Nigeria was again thrown into turmoil last weekend. First a Nigerian cargo plane went down in Ghana, then a suicide bomber and worst of it all, a Dana Air (Flight 992) plane fell out of the sky on a building minutes to landing.

Sad indeed.

One curious thing about this though, the last major air disasters in Nigeria all happened on a weekend. Check this out.

Could it be that everyone involved with air safety just tunes off during the weekend, thinking only of the “miliki” ahead?

Driven by faith, Government hikes electricity tariff

Electricity prices will take a leap, not necessarily of faith, on June 1, 2012 as government is saying we need that to attract investors.

Now that is faith which is an evidence of things not seen as I haven’t seen anything this government, and the ones before, have done even when they tell us to just believe. Would you call our government faith healers who dispense anguish to cure the malaise called irregular power supply?

But then what can I do? Maybe load up on electricity and see how long I can ride the cheap prices until realities catch up with me.

Cement versus Asphalt: The next bout could be in Lagos

The Cement Manufacturers Association of Nigeria (considering their acrimonious relationship, I wonder how they managed to form a group) and Business Day Newspaper are stumping for a conference to promote concrete as an alternative to road paving.

In Nigeria, even unborn babies know that our major issues are beyond electricity or lack of it (babies get cooked in the tummy from the heat) but also bad leaders, insecurity, bad roads and mosquitoes. At least if the roads are good, one can always make a speedy escape from aspiring Boko Harams.

When I say the roads are terrible, believe me, I’m wrong. We don’t even have roads. What we have is a spaghetti network of butchery stretching across the nation. Millions (I didn’t count) have lost their lives from unwarranted accidents.

While the nation points accusing fingers at the government for non-repairs, the few that manage to catch the rare fix get damaged pretty fast because the asphalt paving don’t last. This is where concrete comes in. Concrete last longer than bitumen, and have some additional qualities such as:

  • Concrete lasts longer with less need for maintenance and repair. In fact, studies show that concrete Interstate highways around the U.S. last about 2.5 times longer on average than asphalt Interstate highways.
  • Lower cost for vehicles. Heavy trucks get up to 20% better mileage on concrete.
  • Concrete is quiet.
  • Concrete is safer from better skid control, better visibility at night, etc.
  • Concrete is environmentally friendly as it doesn’t release foul chemicals.
  • Concrete can be made to be pretty snazzy with different colors and designs..

Concrete roads are common in North America (and some parts of UNILAG):  frat boys have been skidding on these roads without repairs since 1962. Can you beat that? The new asphalt overlay, funded by a World Bank loan on Ikorodu road didn’t even last 4 hours.

Typical road reconstruction for 2 lane 7 meter per lane road is about $450K per kilometer (if a dual carriage, multiply by 2 and if 3 lane dual carriage, by 3). Asphalt overlay will set a governor back by $133K per kilometer. A brand-new construction is a different kettle of fish, it cost about $1.5M per kilometer. By the way, should the Western Avenue reconstruction for 2 kilometers of Lagos Bahn cost N7B?

The interesting thing is if governments can adopt concrete, then there is going to be a real boon for cement makers. Will that drive up the price or down? That depends on capacity. But if prices inch up too much, you can be sure that road makers and others will soon hit the import market.

Either way, concrete road should give us longer lasting and better roads.