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10,000 Nigerians to Benefit from MSU, MasterCard Foundation ‘Agri Youth Lab’

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Nigeria is likely to have the lion’s share in a five-year, $13 million collaboration between Michigan State University and the MasterCard Foundation launched on Monday to help 15,000 young people access employment and entrepreneurship opportunities in the fast-growing horticulture, aquaculture, poultry, cassava and oilseed sectors in Tanzania and Nigeria.

The partnership, the AgriFood Youth Opportunity Lab, will focus on youth ages 18 to 24 in major food shed regions surrounding Lagos and Dar es Salaam.

The Ag Youth Lab will assist economically disadvantaged, hard-to-reach and out-of-school youth transition into employment and entrepreneurship opportunities in the agrifood system.

“Working with The MasterCard Foundation and African partners to address one of the most critical problems facing the continent—youth unemployment—reflects how we pursue MSU’s global vision,” said Lou Anna K. Simon, MSU President. “We see great potential to expand youth agrifood employment both on and off the farm.”

More than 60 percent of Africa’s young people are jobless or underemployed, and formal job creation efforts in Africa’s growing economies have been insufficient, according to African Economic Outlook. Comprising 20 percent of Africa’s population, Tanzania and Nigeria together represent an important opportunity for intervention in skills acquisition, job creation and employment for youth.

The program will have a special focus on gender equity, aiming for equal representation of young men and women across its programs and addressing policy, training, mentoring and other constraints that affect the ability of young women to start enterprises or obtain employment.

The Ag Youth Lab will respond directly to opportunities and constraints identified in the 2016 MSU andThe MasterCard Foundation-Agrifood Youth Employment and Engagement Study (AgYees).

The report highlighted the need to:
Actively engage the private sector in the design, development and implementation of youth employment programs;

Improve training curricula to ensure its relevance to the modern agrifood sector;

Apply information and communication technologies (ICT)and other advanced technologies to solve agrifood system problems; and

Adapt youth programs to meet the expanding consumer demand for fresh fruits, vegetables, high-quality proteins, semi-processed and ready-to eat meals.

“This partnership with Michigan State University is an excellent example of using evidence to address youth unemployment,” said Reeta Roy, president and CEO of The MasterCard Foundation. By engaging the private sector to develop business opportunities for young people the project also addresses some of the challenges youth face in seeking work.”

MSU will lead implementation of the Ag Youth Lab in close collaboration with regional partners. They include the International Institute of Tropical Agriculture; Venture Garden Group, a Nigerian company; Tanzania’s Sokoine University Graduate Entrepreneurs Cooperative (SUGECO); and Nigeria’s Oyo State College of Agriculture and Technology.

The Ag Youth Lab will emphasize policy research, data and analytics to develop a cost-effective, scalable model for youth training and facilitation. “Our e-learning and monitoring and evaluation platforms will support the program by providing trainees and other stakeholders with the information needed to succeed,” said Bunmi Akinyemiju, CEO of Venture Garden Group, the lead partner responsible for data and information technology activities.

Using a “train the trainers” approach, local colleges and their graduates will train community facilitators to expose youth to new opportunities and pass on skills using an experiential learning approach. “We will work together to establish an atmosphere where youth will be able to create jobs and become agents of food sufficiency as well as ambassadors of character,” said J.G. Adewale, provost at OYSCATECH.

The project will give youth the skills they need to build their own businesses and, in turn, create additional employment opportunities for other out-of-school youth.  “Agriculture is much more than just farming,” said Anna Andrew Temu, founder of SUGECO. “Equipped with the right entrepreneurial and technical skills, and with guidance from experienced mentors, youth can imagine and bring to life their own innovative agribusinesses.”

Ultimately, the Ag Youth Lab seeks long-term impact by building the capacity of local organizations, working directly with the private sector to help youth transition to quality agrifood employment, addressing key policy constraints, and reducing the cost of expanding youth employment.  “IITA will bring the lessons from its experience to help Ag Youth Lab tap the dynamism of Africa’s youth,” said N. Sanginga, director general of IITA. “By creating better jobs for themselves, youth can transform Africa’s agrifood systems and build a brighter future for Africa.”

Michigan State University (MSU) has been advancing the common good with uncommon will for more than 160 years.

One of the top research universities in the world, MSU pushes the boundaries of discovery and forges enduring partnerships to solve the most pressing global challenges while providing life-changing opportunities to a diverse and inclusive academic community through more than 200 programs of study in 17 degree-granting colleges, while the MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa.

 


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Confronting the Google Monolith: Survival Strategies for Online Businesses

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By Reuben Kalu.

In the vast expanse of the digital realm, Google looms large, an omnipresent force shaping the way we navigate, search, and conduct business online.

From its humble beginnings as a search engine to its current status as a multifaceted tech behemoth, Google has entrenched itself deeply into the fabric of the internet.

Its influence is undeniable, its reach unparalleled, and its ubiquity seemingly inescapable. But can you truly run an online business without Google?

The answer, in today’s digital landscape, is a resounding no. You have no choice.

Google’s dominance extends across multiple facets of the online world, making it virtually impossible for businesses to thrive without engaging with its ecosystem.

From search engine optimization (SEO) to online advertising, email services to analytics, Google’s suite of products and services permeates every aspect of the online business landscape.

Attempting to operate without Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

At the heart of Google’s influence lies its search engine, the gateway through which billions of internet users navigate the vast expanse of online content. .

Google’s search algorithms wield immense power, determining which websites rank prominently in search results and which languish in obscurity.

For businesses seeking to attract organic traffic and expand their online presence, optimizing for Google’s search algorithms is not merely advisable—it’s imperative.

But Google’s influence extends far beyond search. Consider Google Ads, the company’s advertising platform that enables businesses to reach targeted audiences through paid search, display, and video advertising.

With billions of searches conducted on Google each day, Google Ads provides unparalleled reach and visibility, allowing businesses to target potential customers with pinpoint accuracy.

Attempting to compete in the online advertising arena without leveraging Google Ads is akin to entering a battle unarmed—a futile endeavor destined for failure.

 

Moreover, Google’s suite of productivity tools, including Gmail, Google Drive, and Google Workspace, has become indispensable for businesses seeking to streamline their operations and enhance collaboration.

With seamless integration across devices and platforms, Google’s productivity tools offer unparalleled convenience and efficiency, empowering businesses to work smarter, not harder.

Attempting to eschew Google’s productivity suite in favor of alternative solutions is not only impractical but also unwise, depriving businesses of the tools they need to succeed in today’s fast-paced digital landscape.

Furthermore, Google Analytics stands as the gold standard for web analytics, providing businesses with invaluable insights into their online performance and audience behavior.

From tracking website traffic and user engagement to analyzing conversion metrics and customer demographics, Google Analytics offers a comprehensive toolkit for optimizing online marketing strategies and driving business growth.

Attempting to gauge online performance without leveraging Google Analytics is akin to flying blind, devoid of the critical data needed to make informed decisions and drive meaningful results.

But perhaps the most formidable aspect of Google’s influence lies in its role as a gatekeeper of information and access.

With billions of users relying on Google’s platforms and services each day, the company wields immense control over the flow of online traffic and the dissemination of information.

For businesses seeking to connect with customers and expand their reach, Google’s dominance presents both a tremendous opportunity and a formidable challenge.

Attempting to circumvent Google’s influence and establish an online presence independent of its ecosystem is a Herculean task, fraught with uncertainty and risk.

In essence, attempting to run an online business without engaging with Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

While alternative platforms and solutions exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage. You have no choice.

In conclusion, Google’s pervasive influence permeates every aspect of the online business landscape, making it virtually impossible to escape its grasp.

From search engine optimization to online advertising, productivity tools to web analytics, Google’s ecosystem encompasses a vast array of products and services that have become indispensable for businesses seeking to succeed in the digital age.

While alternative solutions may exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage.

You have no choice.


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Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models for Fintech Startups

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As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster global acclaim, leading payment solution company, Hydrogen Payment Services Company Limited (Hydrogen), recently partnered with the Co Creation Hub (CcHub), to host the latest edition of the Catalyst workshop in Lagos.

The discourse addressed the potential risks and opportunities for startups and saw experts advise participants on the need to develop resilient business models that would scale across different economic climes.

Moderated by Miracle Ezechi, Digital Marketing Manager, Hydrogen, the panel session addressed dominant issues about the theme: ‘Adapting Fintech Business Models to Economic Climes: Flexibility, Agility and Customer-centricity’.

Mr. Emeka Awagu, Chief Technology Officer, Hydrogen, who spoke as a panellist, addressed the issue of customer-centricity, which according to him, is key to Fintech growth.

He advised startups to listen to customer demands and understand their needs in order to develop the right solutions that will lead to long term market viability.

“Innovation is key for startup growth. However, understanding customers’ needs and change in behaviour will help any startup to innovate better.

“Startups must be flexible and agile to develop solutions with high interoperability and processing speed, and they must be ready to learn from startups that have failed,” Awagu said.

With an estimated 61.07 percent of startups failing, the participants stressed the need for prudence.

“Statistically, a staggering number of startups fail, often due to financial mismanagement. Hence, founders must prioritise understanding and maintaining a healthy the Cost-to-Earnings ratio.

“It is not just a number, but a pivotal indicator of a company’s financial health as well as being a key attractiveness determinant for investors,” Awagu added.

On his part, Ina Alogwu, the Group Director, Digital Transformation, ARM HOLDCO, who also spoke as a panellist at the session, stressed the need for startups to develop sustainable products and solutions that will help them remain competitive in an environment that is faced with harsh economic realities.

“Many startup businesses fail within their first five years, however upcoming startups should not be discouraged, rather develop a culture that will encourage them to understand the reasons for failure and learn from mistakes.

“Startups should not be too rigid with their solutions and should be ready to accept changes that will drive innovation,” Alogwu stated.

Hydrogen will be deepening its economic impact series with a webinar planned for Thursday, April 25, even as businesses across Africa continue to face an array of challenges, ranging from inflation and currency fluctuations to rising operating costs.

Themed ‘Navigating Economic Challenges: Strategies for Sustainable Growth,’ the webinar will delve into key areas critical for businesses to not only survive but thrive in the face of economic adversity. Register using this link – https://bit.ly/Hydrogenwebinar.

Esteemed panellists for this event include Taofik Odukoya, CEO, Vanguard Pharmacy, and Okechukwu Odimgbe, Chief Financial Officer, Hydrogen. The session will be moderated by Nnenna Sam-Obioha, Ecosystem Orchestrator, Hydrogen.

 


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Dexude Secures Funding to Revolutionize Education in Nigeria, Beyond

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Dexude, a leading edtech platform with operations in Nigeria, has announced that it has been awarded the prestigious Business Finland TEMPO funding.

Dexude Secures Funding to Revolutionize Education in Nigeria, Beyond

Charles Emembolu, founder of Dexude,

This significant funding injection marks a pivotal moment in Dexude’s journey towards transforming education through its AI-powered, live-first, expert-led, and community-driven platform.

The Business Finland TEMPO funding is specifically designed to support startups and SMEs aiming for international growth by building their expertise and solutions into international success stories in innovative ways.

Dexude’s commitment to innovation, coupled with its vision to enable a billion learners worldwide, aligns perfectly with the objectives of the TEMPO funding.

Commenting on this milestone achievement, Charles Emembolu, founder of Dexude, remarked, “We are incredibly honored and excited to receive the Business Finland TEMPO funding. This funding is not only a validation of Dexude’s mission to reinvent education but also a testament to the hard work and dedication of our team. With this support, we are poised to accelerate our efforts in democratizing access to quality education and empowering learners across Nigeria and beyond.”

L-r; Kelvin Chikezie, co-founder of Dexude; Kashifu Inuwa Abdullahi, Director-General/CEO of the National Information Technology Development Agency (NITDA); and Charles Emembolu, founder of Dexude

Kelvin Chikezie, co-founder of Dexude, added, “Securing the Business Finland TEMPO funding is a significant milestone for Dexude. It underscores our commitment to leveraging technology and innovation to revolutionize the way people learn and grow. We are grateful to Business Finland for believing in our vision, and we are excited to embark on this next chapter of Dexude’s journey.”

Dexude is on a mission to redefine education by providing learners with access to influential experts and thought leaders, live interactions, and a vibrant community-driven learning experience.

Through its platform, Dexude aims to break down barriers to learning and empower individuals to pursue their passions and unlock their full potential.

 

 

 

 


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