‘Why Nigeria should take advantage of Crypto Market now’


CEO, Activecode Business Hub, Dr Ogumbe

Dr. Theophilus Ogumbe is the Chief Executive Officer of Activecode Business Hub, an IT-based firm.  He is also a financial analyst and Mathematician by profession who has both first and Master degrees in Mathematics from University of Calabar and a Doctorate in Business Administration from the American Heritage University of Southern California (AHUSC).
Ogumbe harps on need for Nigeria to leverage on the $7trillion Crypto currency market. He also encourages Nigerian youths never to abandon their academy. Excerpts:

By Akpan David, Calabar

You are in your late 20s and are a noted businessman. Tell us about yourself.
I am a financial analyst, a mathematician by profession and a born entrepreneur who has been impacting lives generally.
The core aim of most of the platforms we manage is to ensure that we affect lives in the most remarkable ways and positively too, which is one of my key passions, even if you make reference to Activecode Business Hub, you would understand our services targeted at making sure that people become financially free through set of skill acquisitions. That’s basically who I am. I am about humanity and making sure that young people especially are productive at all times no matter their location or status.

We hear you have a master’s degree in Mathematics and still reading for a PhD. 
One of the major reasons I decided to further my studies was because most times a young person starts getting money, they start losing focus, once most of them get into a lucrative business they just feel as if there’s no need for them to pursue their academic career anymore and that’s why they get it wrong .
Few years ago, I started my Masters’ from there I proceeded to my doctorate degree just to prove to so many persons that I too can be focused even with the birth of many businesses. I still want to become a Professor of Mathematics.

Do you advocate for younger Nigerians to toe your part?
It is pivotal for every young person aspiring to be successful to have guidance, mentorship, it’s a veritable relationship, I am grateful to those who have me as mentors, because I also have mentors, people who guided me and are still guiding me on my journey.
I want young people and Nigerians to know that no matter how busy you are, no matter how financially free you are, you could still go for your education and make sure you affect lives because each step you acquire as a human being gives you more open doors for you to be able to manage people.

You are also into Forex and electronic currency. What are your thoughts on Crypto currency from the stables of the Central Bank of Nigeria?
I must commend the government for the steps they’re taking but we shouldn’t compare ourselves with some of the developing countries who are coming out with their own assets for people to patronize. 
First, a lot of Nigerians are leveraging on Crypto space, even if you make your research you will discover that Nigeria is part of the key players in the Crypto space. A lot of youths, a lot of persons are trading and making some little earnings.
I had proposed for it to be professionally regulated and to also look at what they’re doing with a view to possibly encourage them even in tertiary institutions so that they can learn.

You run an Academy, and a Master’s Class also. When can a student be on his own after going through training?
We have a new batch that would start on 6th of September their training will be for two months, after that we don’t just allow you to jump into the financial market, we have mentors that will guide you. After that two months, one month of full mentorship, the 3 weeks of demo, so let’s say within 4 months we can certify you to go into the financial market.

Speak more on the future of electronic currency.
There will be a time whereby the physical note will not really be in circulation. People will leverage more on the online platform, so the time is still fresh for we Nigerians to take advantage of this. This is the biggest platform, the biggest market you could think about in the whole world. As at last week it was $6.3trillion. As we speak, over $7trillion rotate this industry. We have big platform, big industries on a daily basis. The market is broad that’s why, if you make your research, you’ll discover that most of the issues we have is because of the market. This is where the big stakeholders stay, this is where no matter how little the fund you have is, you could literally grow your funds, gradually.

Can Forex business turn dealers overnight into millionaires?
We enlighten our students. We also tell them forex or financial market is not a get rich quick avenue, you have to learn, you have to unlearn what you know, you have to learn, you have to be patient but, gradually, gradually, don’t think you’ll just come and start making one thousand, three thousand dollars, no. No matter how small even if it’s $10. $10 in Nigeria is close to five thousand naira, even if it’s $10 you make on a daily basis, you’ll know that in a week you’re able to make so, so, and so amount. In a month it’s just like earning a salary, you’re also growing in this field, you’re also getting percentage in this field which is what we encourage them here at Activecode business.

As a Mathematician, Forex expert cum businessman what is your philosophy about success?
Success is a process okay, success is a process and it’s also about being consistent in whatever you find yourself doing. You don’t just jump up and become successful, you grow through success, you grow to become successful, that’s what we I believe and we do the same at Activecode which is one of our biggest platforms.

Do you think that Nigeria youths are ready to tap into potentials and possibilities of the financial market which is global?
Yes, the youths are ready. Most of the youths are hungry for success, they’re hungry for knowledge, they’re hungry to make a difference in their lives and in their careers. But the challenge is that there are no organised platforms which why we created Activecode Business Hub to close such a lacuna and empower bright young minds who genuinely want to succeed. The government needs to encourage platforms like ours in terms of training supports as encouragement to reach out to more young people. We have trained a lot through our scholarship programmes already we still have a long way to go in terms of touching lives.

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