Michael Hungbo

Update: Joe Goes Back to School Thought to give update on the young man 1. He was told by the school he can reactivate his admission 2. He has begun the process and has started classes this morning 3. He will be joining 300L class (his set resumed 400L this month) 4. A total of N1,124,000 was sent to him from here (& from my friends outside of here) 5. My pledge to cover his school fees not included here 6. He said he is currently squatting with a friend and sought permission to use part of the funds he was sent from here to rent own space so he can focus on studying (rent: N200k - N250k per year) 7. He said the okada he is riding was got on hire purchase. N1.2m to pay N1.9m. He has been paying N30k weekly and this is the 6th week. Need you guys' input on this: (a) should he continue the okada as a side to pay off the hire purchase? (b) should he pay off the okada from the donations here? (c) or he should just forget about Okada and return it to hirer? 8. A friend from here asked him to enrol for his ICAN scholarship program and if he is successful, he will pay his ICAN exam fee as long as he passes each stage at first attempt 9. Another friend from here offered to pay him N50k stipend monthly for the rest of his studies (300L & N400L)

OMG!!. It just clicked for me, and now I can't unsee it. Lagos Life isn't really a game. The game is just how they get you through the door. Everybody's looking at the wrong thing. They see a fun game that millions of young Nigerians are playing. What I see is something much bigger being quietly built underneath it. Open the phone inside the game and look at it properly. There's a wallet. You can send money. There's a bank, a shop, flights, even betting. All of it sitting in one place. If you've seen how WeChat works in China, where people basically live inside one app and do everything there, that's what this is slowly becoming. The game is just the part that gets everyone to show up. Cheapest UAC ever 🤣 And here's the part I think most people are missing. The fintech companies put money into the game right from the start, and I don't think that was by accident. The hardest and most expensive thing in fintech here is getting a real person to set up a wallet and actually start using it. This game is quietly getting millions of young people comfortable with sending money, saving, banking and buying things, while they think they're just playing. So by the time a real version with real money arrives, people already know how to use it. They're already used to it. It's not a done deal though. Playing with pretend money is easy. Moving real naira is a different thing entirely. It needs proper security, real KYC, and the CBN will be watching closely. But whoever pulls that off, and keeps the game fun while doing it, will have built something we've never really had here. I know Opay is keeping a close eye on this.