Broadcasting
Africa’s Biggest Entrepreneurship Reality TV Show Debuts
Africa’s Biggest Entrepreneurship Reality TV Show Debuts
Season 2 of the reality TV show of Africa’s Young Entrepreneurs (A.Y.E), the world’s largest entrepreneurship network with over twelve million members, started airing yesterday on key African TV stations and run for 13 weeks.
Over 25,000 applicants from all walks of life will pitch their business ideas to an international panel of judges including Mr. Stephen Read; International Business Coach, Zunaid Amod, Development Partner, Barclays; Raliat Oyetunde, Lead Consultant, Prinsult Global; Best Selling Author and Business Coach, Tiamara Williams and A.Y.E President Summy Smart Francis.
At the end of the contest, 500 brilliant African entrepreneurs will be empowered with grants, single digit interest loans, equipment, training and web business campaigns that will expose them to angel investors.
“This reality show will not follow the traditional knock out arrangement of other reality TV formats. Rather, we are featuring the most interesting and diverse entrepreneurs and will juxtapose this with the intrigue and excitement of the CIA (Caught in the act) segment where A.Y.E operatives go about their investigation on power bike, canoe, tricycle or any means necessary to establish the credibility of proposed ventures,” said A.Y.E’s Regional Manager, Joy Michael.
The 30-minute reality TV Show, its promoters averred, will serve a weekly menu of amazing ideas, startling facts, statistics and some interesting insights on the economics of Nigeria and Africa as a whole. The show which is brought to you by Fidelity Bank and supported by other key partners premiers last Sunday, October 1st at 6:00pm on DSTV Africa Magic Family, 8.30pm on TVC, 9pm on OneMusic and 10pm on Wazobia Max. It will run on Mondays at 10.30am on STV, Fridays at 6pm on NTA network, 9pm Play TV and Saturdays at 9.30pm on Rave TV.
The entrepreneurship network said it has since inception remained at the forefront of promoting private entrepreneurship, funding innovation and facilitating intra-trade amongst its members across Africa as a key solution for social-economic development.
Its core objective has been to empower budding entrepreneurs across Africa which ultimately creates job opportunities. A.Y.E also has the support of esteemed patrons such as, Dr. Christoffel Wiese, the majority shareholder Shoprite Holdings, former President Olusegun Obasanjo, Asiwaju Bola Ahmed Tinubu, Mrs. Folorunsho Alakija, Dr. Sam Jonah, Richard Maponya and others.
Broadcasting
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Broadcasting
BON Establishes Six Ad Hoc Committees to Modernize Broadcasting

Broadcasting Organization of Nigeria (BON) has established six committees to help strengthen and modernize the country’s broadcasting industry.

The committees will focus on content creation, skills development, digital transformation, sustainability, policy and commercial opportunities
The initiative aims to support industry growth and improve collaboration between broadcasters, regulators and media experts
The official launch recently, was led by Tony Akiotu, president, BON and attended by media professionals, program directors, former journalists and heads of specialized media organizations.
The event brought together several prominent figures in Nigeria’s media industry, including veteran broadcaster and trainer Bimbo Oloyede, Tony Uyah of M4S TV, Kingsley Uranta of Channels Television, Ismael Sani of Platinum TV and Ibrahim Shehu of Trust TV.
Together, they are expected to help drive innovation and support the growth of Nigeria’s broadcasting sector.
According to Akiotu, the committees are intended both to help shape industry policy and to provide a forum for dialogue between BON and broadcasting experts.
Akiotu said the ad hoc committees were intended to strengthen BON’s work and ensure that the umbrella body for Nigeria’s broadcasters played a more direct and meaningful role in developing the country’s broadcasting sector.
The six committees reflect the sector’s main priorities. The first focuses on collaboration and innovation to promote content creation.
The second is dedicated to training and talent development, while the third focuses on industry sustainability by improving the sector’s long-term financial viability.
A fourth committee will focus on digital transformation and work with the National Broadcasting Commission (NBC) on regulatory issues.
The remaining two committees will oversee public policy advocacy and the development of sports and commercial rights to help broadcasters increase revenue and attract more investment. Together, the committees are expected to guide BON’s efforts to modernize and strengthen Nigeria’s broadcasting industry.
The committees, chaired by members of BON’s General Assembly and supported by the organization’s Secretariat, have an initial 12-month mandate that may be renewed if necessary.
They are required to submit a progress report within three months and implement approved recommendations within the following six months.
The arrangement is intended to ensure close oversight and the timely implementation of their work.
Akiotu also reminded committee members that Nigeria pioneered television broadcasting in Africa and urged them to carry out their work with greater effectiveness and efficiency.
Broadcasting
NELFUND Investigates 34 Universities Over Students’ Missing Tuition Refunds

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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