Tag: Elon Musk

  • Money cannot buy happiness – Elon Musk

    Money cannot buy happiness – Elon Musk

    World’s richest man, Elon Musk, has endorsed the age-old proverb that wealth does not guarantee emotional fulfillment.

    Taking to X (formerly Twitter), the Tesla and SpaceX CEO wrote: “Whoever said ‘money can’t buy happiness’ really knew what they were talking about.”

    Read Also: Elon Musk becomes first person to exceed $600bn net worth

    The post quickly went viral, amassing over 47 million views and 334,000 likes within hours, as followers interpreted the statement as a rare, candid admission of the personal pressures that accompany his immense fortune.

    The conversation took a global turn, particularly in Nigeria, where social media users drew parallels between Musk’s sentiment and Afrobeat star Adekunle Gold’s 2021 hit, It Is What It Is.

    In the track, the singer reflects a similar realisation, noting, “Money no dey bring happiness oh / Na when I get money I realise oh.”

  • Elon Musk becomes first person to exceed $600bn net worth

    Elon Musk becomes first person to exceed $600bn net worth

    Billionaire entrepreneur Elon Musk has made history as the first individual to surpass a net worth of $600 billion, with his fortune estimated at $677 billion as of 12 p.m. U.S. Eastern Time on Monday, according to Forbes.

    The sharp increase in Musk’s wealth was largely driven by a significant jump in the valuation of his private aerospace company, SpaceX.

    Earlier this month, the company completed a tender offer that valued SpaceX at $800 billion—double its $400 billion valuation recorded in August, according to investors cited by Forbes.

    Musk, who owns an estimated 42 per cent stake in SpaceX, saw his personal fortune rise by about $168 billion from the higher valuation alone.

    Read Also: 13 CEOs emerge winners in ‘Super Federal Agency Head of the Year’ online poll

    The tender offer comes as SpaceX reportedly prepares for a potential initial public offering (IPO) in 2026, which one investor said could value the company at around $1.5 trillion. Such a move could place Musk on track to become the world’s first trillionaire, even without factoring in gains from his other businesses.

    Forbes estimates that Musk’s stake in SpaceX, valued at about $336 billion, is now his most valuable asset. This surpasses his roughly 12 per cent holding in electric vehicle maker Tesla, estimated at $197 billion.

    Musk’s Tesla stock options from his 2018 CEO performance award—voided by a Delaware judge in January 2024—have been discounted to about $69 billion, pending the outcome of his appeal before the Delaware Supreme Court.

    His artificial intelligence venture, xAI Holdings, has also contributed significantly to his growing wealth. The company is reportedly raising funds at a valuation of $230 billion, more than double the $113 billion valuation Musk cited in March when xAI was formed through a merger with his social media platform, X. Musk owns about 53 per cent of xAI Holdings, valued at approximately $60 billion.

    With an estimated $425 billion gap between him and the world’s second-richest person, Google co-founder Larry Page, the report noted that Musk is now closer to the $700 billion mark than to losing his position as the world’s richest individual.

  • Tesla shareholders approve $1 trillion pay package for Elon Musk

    Tesla shareholders approve $1 trillion pay package for Elon Musk

    Tesla shareholders have approved a record-breaking $1 trillion compensation package for Chief Executive Officer, Elon Musk, the largest ever awarded to a corporate leader.

    According to the company, more than 75 percent of votes cast were in favour of the plan, which was announced on Thursday during Tesla’s annual general meeting.

    The approval follows a vigorous campaign by Tesla’s board, Musk himself, and retail investors to secure backing for the package.

    The decision sets the stage for Musk, already the world’s richest person, to potentially become the first trillionaire. 

    The payout is tied to ambitious performance goals, including expanding Tesla’s market value, revitalizing its electric vehicle division, and scaling new ventures such as robotaxis and humanoid robots under the Optimus project.

    “It’s not just a new chapter for Tesla, it’s a new book,” Musk said at the meeting. “That new book is about massively increasing vehicle production and ramping up Optimus faster than anything’s ever been ramped up before in human history.”

    The outcome is a crucial victory for Tesla’s leadership after Musk hinted he might reduce his involvement if the deal was rejected. With the new agreement, he is expected to remain at the helm as the company intensifies its focus on artificial intelligence and autonomous transportation.

    Tesla’s stock rose less than 1 percent in postmarket trading on Thursday, after initially gaining up to 3.4 percent. Shares have climbed about 10 percent in 2025, slightly behind the S&P 500’s 14 percent gain.

    Musk also revealed that Tesla may build its own chip factory to meet rising production demands. “Even when we extrapolate the best-case scenario for chip production from our suppliers, it’s still not enough,” he said. “So I think we may have to do a Tesla terafab. It’s like giga but way bigger.”

    He added that 2026 would focus heavily on the Optimus robot, the Tesla Semi truck, and the fully autonomous Cybercab, pending regulatory approvals.

    Read Also: Bosun Tijani, Elon Musk make Time’s AI personalities’ list

    Despite broad support, the pay package faced pushback from several institutional investors and proxy advisory firms, including Norges Bank Investment Management and Institutional Shareholder Services, which criticized its scale and dilution impact on shareholders.

    However, Tesla’s board and chair Robyn Denholm launched an aggressive campaign to win over investors. Musk also rallied support online and during earnings calls, insisting that a larger ownership stake was necessary to lead Tesla into an AI-driven future.

    Major investors such as Schwab Asset Management and Florida’s State Board of Administration eventually backed the plan.

    “Even with the new pay package, there are significant hurdles,” said Dan Ives, an analyst at Wedbush Securities. “Now it’s about driving the most important chapter in Tesla’s history — its autonomous future.”

    If all targets are met, Tesla’s market value could reach $8.5 trillion, making Musk’s stake worth around $2.4 trillion — more than five times his current net worth of about $460 billion, according to Bloomberg’s Billionaires Index.

    Critics have condemned the package as excessive. New York State Comptroller Thomas DiNapoli described it as “pay for unchecked power, not pay for performance,” while U.S. Senator Bernie Sanders called it “totally absurd.”

    “People can’t afford rent or groceries, and one man is being rewarded with more wealth than half the country combined,” Sanders said.

    The decision comes months after a Delaware judge struck down Musk’s previous multibillion-dollar compensation plan. Tesla is appealing that ruling and has since moved its legal incorporation from Delaware to Texas.

    Meanwhile, Tesla also revealed that shareholders had preliminarily supported a nonbinding proposal to invest in xAI, Musk’s artificial intelligence startup. The board said it would review the vote outcome due to a large number of abstentions.

    The approval of Musk’s pay deal marks a defining moment for Tesla and its leadership, signaling renewed investor confidence as the company pushes deeper into AI, robotics, and next-generation mobility.

  • Musk from rants to regrets

    Musk from rants to regrets

    Tech billionaire Elon Musk may have just learnt a lesson most moneymen already imbibed. In a tiff between deep purse and political power, it is the latter that prevails. And that is because it is political power that fosters the policy environment in which moneymen make their money. You do not by reason of your enormous resource endowment trade tackles with political power that oils the wheels of your fortune and hope to remain fortunate. Wealth is power, but political power is greater power.

    Musk, the world’s richest man, backed down from tantrums in an ego duel with United States President Donald Trump over the last couple of weeks into humbled regrets. He lost billions of dollars in net worth from that voyage of impulse. Even though he is far from being ruined – he remains the world’s richest with a $334.5billion fortune – he came up against a bluff by Trump that he couldn’t call. Rather, he softened up and sought a make-up that the American leader was in no mood to readily oblige. There’s relative calm now, but that is largely because Musk ate the humble pie and pulled back from the battle line.

    Trump and Musk have a long history of friendship. Reports said during his first term in office, Trump extended significant federal support to Musk’s companies, most notably SpaceX and Tesla, often bypassing traditional regulatory hurdles to give the tech mogul a direct pipeline to Washington’s purse. They’ve been an item since the 2024 presidential electioneering in the U.S. when Musk deployed his vast wealth and penetrating influence – he’s the owner of X (formerly Twitter) – in support of Trump’s campaign. As a Republican donor, he spent close to $300million to get 78-year-old Trump elected back into power. They were near-constant companions in the president’s early months back at the White House, such that Musk proclaimed himself the “first buddy.” Not that he was making an empty boast. Upon returning to power, Trump appointed him special advisor and put him in charge of a so-called Department of Government Efficiency (DOGE) where he oversaw mass layoffs of federal workers and the shuttering or partial closure of several agencies, including  the arrowhead of U.S. soft power, the United States Agency for International Aid (USAID). The pair often showered each other with praise, and Trump used to invite Musk to attend cabinet meetings.  Observers, however, said while Musk ostensibly led the battle charge to save costs for the Trump administration, he championed regulatory changes as would favour his companies.

    Read Also: Tinubu orders security chiefs to restore peace in Benue

    Like most ties in Trump universe, the political marriage has unraveled. The fall-out between the duo came with Trump’s signature tax cut and deficit spending legislation that he calls the “big, beautiful bill,” but which Musk opposed. The bill is already voted in by the American House of Representatives and is awaiting passage by the Senate, with the president projecting it would clear the Congress before the July 4th American independence anniversary. Musk argued that the bill, which the congressional budget office projects would raise U.S. deficit by $2.42trillion over the next decade, promises to bloat government debt load and he called it a “disgusting abomination.” The catch is, the legislation provides for eliminating electric vehicle tax credits, and Trump says this is the root cause of Musk’s frustration. Financial analysts estimated that provisions in the bill would cut some $1.2billion from Tesla’s full-year profit.

    Musk left his job as a special government employee at the end of May. Trump marked that event with an Oval Office send-off for “The Dogefather” (Musk’s T-shirt imprint for the day) that featured mutual congratulations and at which he handed the Tesla founder a symbolic golden key. But the bonhomie didn’t last. No relationship has room for more than one narcissist, and the Trump-Musk alliance effectively had two. Neither did it help that the two men – both billionaires – share similar traits like large egos and bellicose social media conduct. Days after leaving government, Musk took to X to lampoon Trump’s agenda: “I’m sorry, but I just can’t stand it anymore, This massive, outrageous, pork-filled congressional spending bill is a disgusting abomination. Shame on those who voted for it,” he posted.

    Trump isn’t known to take criticism supinely and on his own platform, Truth Social, he described Musk as a spent force. He accused the entrepreneur of feeding at the government trough and threatened to cut off his plunder. “Elon was wearing thin, I asked him to leave. I took away his EV mandate that forced everyone to buy electric cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” the president wrote.

    It didn’t take long for the former allies to descend into a dirty war of recriminations.  Musk escalated the feud with a flurry of posts that were obviously impulsive and which he pulled down shortly after making them. Among the most nuclear was the allegation that the president’s name featured in files on disgraced paedophile financier Jeffrey Epstein, which he said was why they were yet to be declassified. Epstein killed himself in his jail cell in August 2019 while awaiting trial on charges of sex-trafficking minors. “@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public,” Musk said and doubled down in a follow-up post: “Mark this post for the future. The truth will come out.” He gave no evidence for the claim that, within a few days, disappeared from his handle. X users who clicked on the message were greeted with: “Hmm…this page doesn’t exist. Try searching for something else.” In another post that he also deleted, Musk called for Trump to be impeached.

    Meanwhile, the president wasn’t silent. He rebutted the allegation about Epstein, saying: “That’s called ‘old news,’ that’s been old news that has been talked about for years.” He added: “Even Epstein’s lawyer said I had nothing to do with it. It’s old news.” In the Oval Office, Trump deplored Musk’s criticisms, telling reporters: “I’m very disappointed because Elon knew the inner workings of this bill. I’m very disappointed in Elon. I’ve helped Elon a lot.” He also dismissed a widespread notion that he couldn’t have won the crucial battleground state of Pennsylvania in the 2024 election without Musk’s help; to which Musk shot back on X: “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.” He added in a separate post: “Such ingratitude.”

    The back-and-forth featured threats of policy ruptures. The president hinted at possible termination of Musk’s contractual ties with the government, posting on social media: “The easiest way to save money in our budget, billions and billions of dollars, is to terminate Elon’s governmental subsidies and contracts,” referring to federal contracts with SpaceX. “I was always surprised that (former President Joe) Biden didn’t do it!” Musk momentarily dared the president to do it: “Go ahead, make my day,” he said. He even pressed in his own threat, saying SpaceX would begin to decommission its Dragon spacecraft – a critical link to space for the U.S. National Aeronautic Space Agency (NASA) that depends on Musk’s company to ferry cargo and astronauts to the International Space Station. Roughly five hours later, though, he withdrew the threat.

    Musk’s reconsideration notwithstanding, the markets reacted swiftly and harshly. The mogul’s personal net worth slumped by $33.9billion in one day, while Tesla reportedly lost $152billion from its market capitalization, its biggest hit ever, though its stock price has since shed some of those losses. And Trump threatened him with greater ruination if he funds Democratic candidates against Republicans who vote for the bill. “If he does, he’ll have to pay the consequences for that,” the president told American media in a phone interview, but declined to share what the consequences would be. “He’ll have to pay very serious consequences if he does that,” he added.

    By mid-last week, Musk was back with regrets over his social media activity in the spat. “I regret some of my posts about President @realDonaldTrump last week. They went too far,” he said in a post on X. But it isn’t yet reunion time with Trump. Asked about reports a phone call was scheduled between him and Musk in the wake of the spat, the president told journalists: “You mean the man who has lost his mind?”

    •Please join me on kayodeidowu.blogspot.be for conversation.

  • Elon Musk apologises for harsh comments on Trump

    Elon Musk apologises for harsh comments on Trump

    Billionaire entrepreneur Elon Musk has apologised following his fierce criticism of former U.S. President Donald Trump and his administration, acknowledging that his remarks crossed the line.

    In a post on X (formerly Twitter) on Wednesday morning, Musk expressed regret over his statements made the previous week.

    “I regret some of my posts about President @realDonaldTrump last week. They went too far,” Musk wrote.

    The apology comes after a highly publicised online feud between Musk and Trump, which erupted over a controversial government spending bill championed by the former president. The dispute quickly escalated across social media platforms, sparking political and financial tremors.

    During the clash, Musk—who recently stepped down as head of the Department of Government Efficiency (DOGE)—slammed Trump’s tax and spending legislation, calling it a “disgusting abomination” on X. The bill, a key part of Trump’s second-term policy agenda, is projected by the Congressional Budget Office to add $2.4 trillion to the federal deficit over the next decade and potentially strip health coverage from 11 million Americans.

    Musk, a long-time advocate of fiscal responsibility, claimed the legislation threatened the very cost-saving principles he upheld during his time at DOGE.

    Read Also: Trump, Elon Musk meltdown

    In response, Trump lashed out on Truth Social, accusing Musk of “wearing thin” and alleging that he had personally requested the billionaire’s resignation from his advisory post.

    “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump posted, threatening key federal deals with Musk’s companies, including Tesla and SpaceX.

    Trump also claimed that removing an electric vehicle mandate had enraged Musk.

    The feud intensified when Musk alleged that Trump would have lost the 2024 presidential election without his financial backing—citing nearly $300 million in campaign contributions. He further inflamed tensions by implying that Trump was named in the unreleased Epstein files, sharing a 1992 video of Trump with Epstein, and calling for Trump’s impeachment.

    Although Musk later deleted those posts, the damage was already done.

    Tesla shares plunged by 14% on Thursday, wiping out $152 billion in market value and slashing Musk’s personal fortune by $34 billion. Meanwhile, SpaceX, a key player in U.S. space operations, faced uncertainty after Musk briefly threatened to halt the Dragon spacecraft program—though he later backtracked on that decision.

    With mounting pressure from investors and political allies, Musk’s apology appears to be an attempt to de-escalate tensions and stabilise his business interests.

  • Users report outages of Musk’s X platform

    Users report outages of Musk’s X platform

    Elon Musk’s social media platform X, formerly known as Twitter, experienced massive outages throughout Monday morning that impacted thousands of users in the US and UK.

    The outage came as platform monitor Downdetector said it had seen tens of thousands of reports from US users of technical issues affecting the platform.

    There were more than 8,000 outage reports from UK users shortly before 14:00 GMT, following a brief but notable surge of reports on Monday morning.

    Connection issues lasted for some users into the afternoon.

    Musk’s social media platform X, formerly known as Twitter, experienced massive outages throughout Monday morning that impacted thousands of users in the US and UK.

    The outage came as platform monitor Downdetector said it had seen tens of thousands of reports from US users of technical issues affecting the platform.

    There were more than 8,000 outage reports from UK users shortly before 14:00 GMT, following a brief but notable surge of reports on Monday morning.

    Connection issues lasted for some users into the afternoon.

    Read Also: Elon Musk will uncover ‘hundreds of billions’ in govt fraud, says Trump

    Many users trying to access the platform and refresh feeds on its app and desktop site during Monday’s outages were met with a loading icon.

    Musk claims the outages stemmed from a “massive cyber-attack” that originated “in the Ukraine area.”

    But the technology billionaire, who has been a frequent critic of Ukraine and its President Volodymyr Zelensky, offered no evidence to support the claim and did not say whether or not he thought state actors were involved.

    Earlier, he posted on X that “either a large, coordinated group and/or a country is involved”.

    The BBC has approached the Ukrainian embassy in Washington DC for comment.

    “We’re not sure exactly what happened but there was a massive cyber-attack to try and bring down the X system with [Internet Protocol] addresses originating in the Ukraine area,” Musk said in an interview with the Fox Business channel.

  • Musk’s DOGE seeks access to personal taxpayer data

    Musk’s DOGE seeks access to personal taxpayer data

    •Plan raises alarm at IRS

    Elon Musk’s U.S. DOGE Service is seeking access to a heavily guarded Internal Revenue Service system that includes detailed financial information about every taxpayer, business and nonprofit in the country.

    According to three people familiar with the activities, the move has sparked alarm within the tax agency.

    Under pressure from the White House, the IRS is considering a memorandum of understanding that would give officials from DOGE — which stands for Department of Government Efficiency — broad access to tax-agency systems, property and datasets.

    Read Also: Misrepresentation of PAN Nigeria

    Among them is the Integrated Data Retrieval System, or IDRS, which enables tax agency employees to access IRS accounts — including personal identification numbers — and bank information. It also lets them enter and adjust transaction data and automatically generate notices, collection documents and other records.

    According to a draft of the memorandum obtained by The Washington Post, DOGE software engineer Gavin Kliger is set to work at the IRS for 120 days, though the tax agency and the White House can renew his deployment for the same duration. His primary goal at the IRS is to provide engineering assistance and IT modernization consulting.

    The agreement requires that Kliger maintain confidentiality of tax return information, shield it from unauthorised access and destroy any such information shared with him upon the completion of his IRS deployment.

  • Elon Musk congratulates Bezos for successful launch of New Glenn rocket

    Elon Musk congratulates Bezos for successful launch of New Glenn rocket

    SpaceX founder Elon Musk congratulated his rival Jeff Bezos on the successful maiden test-launch of his heavy-lift rocket, New Glenn, on Thursday.

    “Congratulations on reaching orbit on the first attempt’’ Musk wrote on X, the social media platform he owns, tagging Bezos in his post.

    Amazon founder Bezos established his rocket company Blue Origin nearly 25 years ago.

    But he has seen Musk’s SpaceX come to dominate the U.S. commercial space industry and obtain lucrative government contracts.

    Read Also: Perspectives on Elon Musk as reform lead for US federal bureaucracy

    SpaceX’s uncrewed megarocket Starship, developed to carry astronauts to the moon, failed during its first two launches in 2023.

    But the spacecraft has now made it into Earth’s orbit on several occasions, and the next test launch is planned for later Thursday.

    (dpa/NAN)

  • Perspectives on Elon Musk as reform lead for US federal bureaucracy

    Perspectives on Elon Musk as reform lead for US federal bureaucracy

    • Tunji Olaopa

    In preparation for his inauguration as the 47th President of the United States, Donald Trump has commenced the process of choosing a cabinet that will assist him in the onerous task of governance. Being a very controversial figure himself, Trump’s many appointments are already setting the public sphere on fire. From Marco Rubio (for secretary of state) to Pam Bondi (for attorney general), and from Pete Hegseth (for defense secretary) to John Ratcliffe (for CIA director). One of the most controversial of the cabinet pick, however, is the choice of billionaire Elon Musk and Vivek Ramaswamy for the post of leading the Department of Government Efficiency (DOGE).

    Elon Musk is as controversial as Donald Trump. The combination of both of them was a handful during the presidential election these past few weeks. Musk was so invested in the possible election of Donald Trump that he offered a $1m a day giveaway for voters in critical swing states. And then Trump won the election, and now Elon Musk has got a cabinet position. This is not just a role that Elon Musk is already well suited for given his leadership of a private business enterprise and many years of business leadership. It is also one he has been angling for since Trump won the Republican nomination for president.

    In appointing him, Donald Trump said that the task for Musk and Ramaswamy will be to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies.” And this is one responsibility that Elon Musk is rearing to step into. In line with the critical restructure that he brought to Twitter (now X), he has once said recently that he strongly believed that the US government’s budget is capable of being cut by $2trillion out of about $6.5trillion. And that a number of government employees and departments can also be significantly reduced.

    Donald Trump’s appointment of Elon Musk, his vision of government efficiency and Musk’s willingness to accept the task all have historical antecedents, especially in the emergence of managerialism as the framework for reconstituting bureaucratic efficiency and productivity. Public administration all across the world is now forced to operate in what has been called VUCA—volatile, uncertain, complex and ambiguous—world that revolved around the idea of polycrisis. A polycrisis define a situation in which several crises converge at the same time and in ways in which the impact they generate together outweighs their impact individually. Within such a context, public administration must necessarily also adapt to the emerging context of crisis and difficulties. The implication is that the old and traditional Weberian idea of the bureaucracy has become too inflexible and outdated as an administrative means for getting government business done effectively and efficiently in the quest for democratic service delivery to the citizens. In its Nigerian incarnation, the inherited Weberian bureaucratic model rides on a one-model-fits-all service-wide standard operating framework encoded in the General Order (GO) that we now call the Public Service Rule (PSR).

    The old Weberian—“I-am-directed”—administrative tradition is founded on an underlying theoretical framework that has been aptly called Theory X. This framework has three propositional dynamics underlying it as the basis for understanding how the bureaucracy works. One, it conceives management as involving the deployment of people, material and money in order to facilitate particular economic objectives. Two, organizational objectives require the control and motivation of people. Three, it assumes that without a strict organizational regimen to put employees in check, humans are usually unproductive and resistant to organizational protocols.

    We are able to therefore exhume a very gloomy understanding of human nature that perceives an average employee as being (a) indolent by nature, (b) lacking in ambition and motivation, (c) naturally egoistic and therefore set to work contrary to organizational requirements, (d) naturally resistant to change, especially those that antagonizes selfish desires, and (e) naturally deceivable. Given these assumptions, organizational goals can only be achieved if the discerning manager employs a very strong “command and control” tactic in getting his indolent employees to achieve the set targets and objectives. It is easy to see how this Douglas McGregor Theory X of administrative structure has the capacity to evolve into a monolithic and bureaucratic culture that breeds passive subordinate who are not eager to deploy their creative and entrepreneurial energies to further organizational objectives. This Weberian structure required from civil servants the requisite characteristics of anonymity, neutrality and impartiality, and an overall profile circumscribed by efficiency, effectiveness, integrity, accountability, responsiveness, representativeness, loyalty, equity, fairness, and so on. However, it is a system that is essentially hierarchical, cumbersome and acutely bureaucratic to effectively fulfil the mandate of good governance.

    Read Also: Elon Musk’s transgender daughter to leave US after Trump’s win

    With the managerial revolution, the public service is compelled to adapt to a new normal that is motivated first by the COVID-19 pandemic. The pandemic struck most governments and their public administration dynamics at the critical service delivery point. Aside the regulatory and policy functions, service delivery is the mechanism that connects or disconnects the governments from the well-beings of their citizens. And the tragedy of the pandemic is that it caught the entire world at varying administrative stages and phases of the normal. This is even worse for the third world countries, and Africa especially. The significance of the pandemic is that it stipulates several initiatives that public administration must confront in order not to ever be caught napping again. This initiative must however ride on the existing new public management (NPM) framework that delivers efficiency through new managerial developments that, for instance, leverages new digital technologies, artificial intelligences and open government initiatives to deliver fast, economic, flexible and efficient service delivery to the citizens.

    The new normal for public administration involves the imperative of administrative new thinking. The idea of new thinking is conditioned by a reform program that is strategic. In other words, new think for any organization or institution combines strategic thinking and strategic planning to be able to face the future. It is this strategic thinking that allows an institution like the public service to rethink and reengineer its modus operandi and business model to become better. And this new thinking framework is backstopped by strategic decision-making that builds on various development in decision science. Decision science has become a critical field that has integrated cognate developments from artificial intelligence, organizational psychology, systems thinking, machine learning, probabilistic modeling, scenario analysis, big data analytics, and many more to become a key area that the public service must buy into to push forward its policy intelligence that strengthen decision-making. Modern policy making that has taken cognizance of decision science will most likely possess nine fundamental features: (i) forward-looking; (ii) outward-looking; (iii) innovative, flexible and creative; (iv) evidence-based; (v) evaluation; (vi) review; (vii) joined-up; (viii) inclusive; and (ix) learned lessons.

    Thus, it becomes strategic for Donald Trump to want to shake up the US bureaucratic processes in order to facilitate government efficiency. He is simply toeing the path taken by Margaret Thatcher in the 1980s when she strategically appointed Lord Derek Rayner, the Chairman and CEO of Marks and Spencer, to put in place a rigorous managerial and capability review of the MDAs at Whitehall. Much earlier after the Second World War, Japan deployed the Keiretsu principle that brought the organized private sector—manufacturers, suppliers, bankers, industries and so on—around a unique dynamic of economic cooperation, further strengthened by the introduction of experts with deep understanding of the relationship between economic growth, development, productivity and performance. And the private sector expertise of the American management consultant, W. Edward Deming, was contracted in the bid to introduce and deploy the idea of quality management that led to: (a) Better design of products to improve service; (b) Higher level of uniform product quality; (c) Improvement of product testing in the workplace and in research centres; and (d) Greater sales through global markets.

    No matter the disapproval that attends Donald Trump’s governance capacity, one cannot quarrel with the significance and prospect of the dealing with the cost of governance in ways that accentuate government efficiency. If Elon Musk is able, as he claims, cut $2trillion from a $6.5trillion government budget, that is already a huge success in terms of the reduction of the cost of governance. This, for me, is one huge lesson for the Nigerian government and the fundamental challenge of the cost of governance and the dearth of a waste management strategy for achieving efficiency in performance and productivity. The transformation of the productivity profile of the Nigerian economy is the most critical premise that recommends the audacious institutional reform of the public service. And the reform initiatives will involve critical transformation of the civil service commission, the industrial labour law, the pay and compensation dynamics, and also the trimming of the workforce as a means of undermining the cost of governance burden.

    The Oronsaye Committee on the Restructuring and Rationalization of Federal Government Parastatals, Commissions and Agencies still remains a crucial first condition in getting the situation right in terms of a critical restructuring of government efficiency, the same way Donald Trump has fingered Elon Musk as the key personality to weed out inefficiency in government productivity and service delivery. All in all, it might not be who sits at the helm of government affairs but what such a person is able to achieve to alleviate the well-being of the citizens.

  • Bluesky gains over a million members as users flee Elon Musk’s X after US election

    Bluesky gains over a million members as users flee Elon Musk’s X after US election

    Donald Trump’s US election victory – and billionaire Elon Musk’s role in helping to get him elected – has sent many users of Mr Musk’s social networking service X, formerly known as Twitter, leaving for alternatives.

    One of the key beneficiaries of the exodus has been Bluesky, which rocketed to the No. 1 spot on the Apple App Store’s US chart this week.

    Bluesky’s user base has doubled in the past 90 days. On Nov 13, the company said it had gained one million new sign-ups in the past week alone, bringing it to more than 15 million total users.

    What is Bluesky and how does it work?

    Bluesky is a social media service with a lot of the same features you might find on X, Facebook and Instagram. Users can create a profile, follow other accounts, like and re-share posts, and send private messages.

    Bluesky users have the option to see several different feeds based on their interests. They can see traditional feeds made up of posts from the people they choose to follow, for example, or scroll through feeds focused on certain topics, such as science, gardening or “cat pics”.

    How many people are on Bluesky?

    Bluesky has more 15 million total users and has added more than 1.25 million new sign-ups since the US election on Nov 5.

    It is still relatively small compared with competitors such as X and Meta’s Threads, but it is growing quickly; Bluesky had only 10 million total users in September. One week after the election, it was the top ranked “free” app on Apple’s App Store.

    Who is behind Bluesky?

    Bluesky started as more of a project than a company.

    In late 2019, then Twitter chief executive Jack Dorsey announced Bluesky, which was funded by Twitter, as an independent effort to build a new social networking protocol.

    Mr Dorsey did not like that the major social networks – including his own – were all owned and controlled by private companies.

    A social networking protocol, by contrast, would serve as a technology layer that anyone could build a network on top of, theoretically creating more competition and user freedom.

    E-mail is an example of an internet protocol – anyone can make an e-mail service, and send e-mails that can be received by people who use other providers.

    Read Also: How to join, use Threads, Twitter’s rival

    That project morphed into a formal company called Bluesky in 2021.

    Mr Dorsey left the Bluesky board in 2023. He has since criticised Bluesky for becoming a more traditional company instead of just creating a technology protocol.

    Twitter stopped financing Bluesky once Mr Musk bought the company in late 2022, but Bluesky raised a US$15 million (S$20 million) funding round in October.

    How do users sign up?

    Bluesky is available to download on both Apple’s App Store and the Google Play store for Android users.

    Bluesky was initially invite-only when it first launched – executives said that was to keep the service from crashing or experiencing technical glitches, not to be exclusive – but it has since opened the network to anybody, and you no longer need a code to join.

    NEWSNOW