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OY-ITC Urges Youths to Take Advantage of the Opportunities Provided by Houston Trade Show

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R-L: Amb Judith Omeche, Director BuyNaija Product, Fed. Ministry of Industry Trade and Investment, Chinedu Amadi, President, OY-ITC, Amb. Obinna Nwaka, Director-General, CYMS, and other dignitaries at a stakeholders' forum held on Tuesday, March 8 2022 at the Lekki Coliseum, Lagos.
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Organisation of Youths in International Trade and Commerce (OY-ITC), In conjunction with it’s partners, BuyNaija Project FMITI and Committee of Youth on Mobilisation and Sensitisation (CYMS) have called on Nigerian youths to take advantage of the upcoming Houston Trade Show to showcase their products to the world.

R-L: Amb Judith Omeche, Director BuyNaija Product, Fed. Ministry of Industry Trade and Investment, Chinedu Amadi, President, OY-ITC, Amb. Obinna Nwaka, Director-General, CYMS, and other dignitaries at a stakeholders’ forum held on Tuesday, March 8 2022 at the Lekki Coliseum, Lagos.

Chinedu Amadi, President, OY-ITC made this call at a stakeholders’ forum held on Tuesday, March 8 2022 at the Lekki Coliseum, with the theme: “The Role of Trade Exhibitions in Promoting Non-Oil Export Trade in Nigeria”.

The president noted that the trade show will expose Nigeria’s budding entrepreneurs to International exhibitors and investors as well as ensure that Made-in-Nigeria products and services are showcased and adopted at the global stage.

He added that OY-ITC is a non-profit organisation that supports the development and advancement of Nigerian youth in international trade and commerce by providing trading and networking opportunities to them.

According to him,” OY-ITC was created to showcase the creativity, productivity and competencies of Nigeria youth in trade and commerce while mentoring them for export trade.

“Our main goal is to, through trade missions and exhibitions, create networking opportunities that Focus on the youth exclusively for non-oil export trade.”

Amadi averred that this year’s theme was apt for its high time we begin to diversify the country’s economic activities from over dependence on oil into manufacturing, production and exportation of non-oil export products.

He explained that the resolutions from the forum will help in yielding accelerated economic growth, create more employment opportunities and arrest youth restiveness.

He further called on public spirited Nigerians and patriots to support the initiative by sponsoring eligible participants to the event starting from 30th May- 4th June 2022.

Earlier, Amb. Obinna Nwaka, Director-General, CYMS, said that the partnership with OY-ITC was conceived to identify and mobilise young entrepreneurs as well as scrutinise and create awareness to attract both state and non-state actors.

According to him, “The OY-ITC created a platform that will showcase and share with the world the creativity and productivity of young Nigerians through trade shows in various countries as the U.S., United Kingdom, Canada, Japan, South Africa, China, Malaysia and several other places.

“The Houston 2022 is a trade mission to the U.S. designed to share with the rest of the world the creativities and productivities of the Nigerian youth to secure patronage for their Made-in-Nigeria products and services.

“The programme which is facilitated by the OY-ITC will also be implemented in partnership with the BuyNiaja Project of the Federal Ministry of Industry, Trade and Investment,” he said.

Nwaka said the implementation committee of the Houston 2022 had also come up with modalities that would ensure the participation of business leaders, organised private sector, philanthropists and multinationals to partake in sponsorship.

He explained that the overall idea was to encourage the Nigerian economic diversification activities from over-dependence on oil into manufacturing, production and exportation of non-oil products to accelerate economic growth.

This, according to him is to reduce unemployment, restiveness among the youth, the attraction of international markets and to make Nigeria the commercial hub of Africa.

“This Houston Trade show intends to encourage and see lots of youths in future transformed into the next generation of Aliko Dangote, Innocent Chukwuma of Innoson Motors and Jelani Aliyu of Chevrolet, who have made the country proud”.

 

 


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NELFUND Investigates 34 Universities Over Students’ Missing Tuition Refunds

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Nigerian Education Loan Fund (NELFUND) says it is investigating about 34 tertiary institutions over allegations that they failed to refund students whose tuition fees were paid twice under the Federal Government’s student loan scheme.

The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this during an interview on Arise Television.

Sawyerr said the agency had deployed a five-member investigative team, including operatives of the Economic and Financial Crimes Commission (EFCC) and internal auditors, to examine the allegations.

According to him, the investigation was prompted by numerous complaints received from affected students.

“As of right now, there are 34 institutions that we are looking at closely with respect to this issue,” he said.

Sawyerr explained that the double payment issue arose because President Bola Tinubu directed that the student loan scheme commence in the middle of an academic session instead of at the beginning.

He said the decision compelled many students to pay their tuition fees to meet registration deadlines while awaiting approval of their loan applications.

“What happened is that a lot of schools got double payment; some from the students and some from us,” he said.

“The refund process is entirely out of our hands. It is the recipient of the double payments that is obliged to make refunds to the students.”

The NELFUND boss noted that many students had borrowed money from family members, friends and other sources to pay their tuition with the expectation of receiving refunds once the loans were disbursed.

He said while some institutions had promptly refunded affected students, others had failed to do so.

“Some have been very good at this. Others haven’t been so good at it,” Sawyerr said.

“I reserve judgement on the intentionality around it because, for some of them, they just didn’t have the process to make refunds.”

Sawyerr disclosed that NELFUND was exploring a tokenised payment system that would enable students to authorise tuition payments directly to their institutions, thereby reducing the likelihood of duplicate payments.

He said the agency deliberately chose not to disburse tuition loans directly to students to minimise the risk of fund diversion.

“Paying the funds to the students could really lead to the temptation for them to divert and do other things,” he said.

The managing director, however, acknowledged that NELFUND lacked the statutory powers to compel institutions to refund students or prosecute officials found culpable.

He added that many frustrated students had submitted complaints not only to NELFUND but also to anti-corruption agencies, including the EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Sawyerr also expressed concern over increases in tuition fees by some institutions following the introduction of the student loan scheme.

He said NELFUND had declined to pay institutions that increased their tuition fees beyond acceptable levels.

“Some schools, because they get paid easily, started to put up their fees. We refused, point blank, to pay institutions who had hiked their fees beyond a certain level,” he said.

He reaffirmed the agency’s commitment to investigating every reported irregularity and strengthening the implementation of the student loan programme through continuous monitoring and internal reviews.


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Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

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Abayomi Arabambi, national vice chairman (South-West) of the Labour Party, has demanded a public apology, a retraction, and N50 billion in damages from Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), over an alleged defamatory statement made during a podcast interview.

Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

The demand was contained in a letter issued by the law firm Neplus Ultra Attorneys and signed by Anderson U. Asemota, Peter O. Asimegbe, and Stanley C. Eziefulle on behalf of Arabambi.

According to the letter, the legal dispute arose from comments allegedly made by Obi during the interview, where he reportedly stated that Arabambi “does not have an address.”

Arabambi’s legal team described the statement as false, malicious, and defamatory, arguing that it portrayed their client as a faceless individual without legitimacy, credibility, or standing in public life.

The lawyers further claimed that the interview was widely circulated on television stations and digital platforms, exposing Arabambi to public ridicule and damaging his reputation.

“Our client has had a known residential and business address, maintains professional and political affiliations within Nigeria, and has never been a person whose whereabouts or identity were unknown,” the letter stated.

The legal team maintained that the alleged publication caused embarrassment and harmed Arabambi’s public image and political standing.

As part of their demands, the lawyers called for an unreserved public apology to be aired on national television, published on Obi’s verified social media platforms, and carried as full-page apologies in national newspapers.

They also demanded the payment of N50 billion as compensation for the alleged injury to Arabambi’s reputation, dignity, political standing, and public image.

 


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Why We’re Partnering With NIHOTOUR To Bring Nigerians In South Africa Home – Steve Babaeko

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When Nigerians began arriving back home on emergency flights following an ultimatum from anti-migrant groups in South Africa, Steve Babaeko, alongside The Nigerian Institute of Hospitality and Tourism (NIHOTOUR), saw an opportunity to step up for his fellow citizens.

Why We’re Partnering With NIHOTOUR To Bring Nigerians In South Africa Home - Steve Babaeko

Steve Babaeko

The CEO of X3M Ideas explains that he saw a deep obligation, one that had nothing to do with advertising and everything to do with hospitality. For Babaeko, it was a reminder that an agency owes a duty of care to the community it exists within.

That conviction shaped the creative agency’s partnership with the Nigerian Institute of Hospitality and Tourism (NIHOTOUR) for the newly launched ‘Welcome Home’ pilot programme at Murtala Muhammed International Airport (MMIA) in Lagos. Rather than simply crafting a messaging campaign around the crisis, X3M Ideas helped design a tangible, physical system.

“This wasn’t built as a campaign about a crisis,” Babaeko said. “It was a hospitality agency deciding what it owes its own citizens the moment they land.”

For Babaeko, what X3M has built is infrastructure, something returnees can physically walk through, use, and benefit from the instant they clear the arrival gate.

With the MMIA pilot now officially running, NIHOTOUR directs returnees to immediate support services and issues them a Returnee Card. This card grants individuals a free first night at partner hotels, immediate transport assistance from the airport, and fast-tracked business registration support.

Furthermore, the initiative features a dedicated Restart Desk to assist returnee entrepreneurs and tradespeople with job placement referrals and business registration. This operates alongside a public Homecoming counter that tracks the cumulative number of returnees welcomed, businesses restarted, and jobs facilitated.


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