Connect with us

News

Osun Trains 20,000 Youths on ICT

Published

on

Kindly share this post

Osun State Government said it has engaged several youths in productive venture through its various empowerment programmes, especially, the training of about 20,000 indigenes in Information Communication Technology, ICT.

This was revealed over the weekend during a briefing by Mr. Abiodun Fesobi, Project coordinator of Osun Youths Empowerment Scheme Technology (OYESTECH), in Osogbo, the Osun state capital.

According to him, the programme is designed as an exit plan for OYES volunteers in the state and also to serve as support base for other interested participants to be self-reliant.

He hinted that the objective of the programme is to impact participants with required skill which will enable them to be employable by any organisation and become business owners.

“OYESTECH is an information and Communication Technology branch of the widely accepted Osun Youth Empowerment Scheme, OYES which is aimed at impacting the participants with required skills so as to enable them employable and become business owners.

Advertisement

“The scheme is all about skill acquisition through knowledge transfer with 10 training centres across the state which gives training on various sections such as phone repairs, electronics computer assembling, computer usage and entrepreneurship.

Aside 5,000 participants trained in the first batch of the scheme, additional 15,000 have been trained in different aspect of applied technology and they also re-trained many others.

He said, “Some of our graduates have also gone ahead to train over 150 persons; with success stories in their businesses.

“In order to achieve this set objectives, the government, through its investment arm- Osun State Investment Company Limited, OSICOL- embarked on selection of technical partner- RLG- and through signing of memorandum of understanding and admission of 5000 trainees per batch in four batches and at the end of it certificate were issued to participants.

In separate interviews, the beneficiaries said that the programme has enhanced their living condition and that of their families by making them productive and enable them to give back to the society.

Advertisement

One of the beneficiaries identified as Oseni Ibrahim, said, “I am one of the beneficiaries of the OYESTECH, the government have tried by giving us the best and also sending us to Ghana for training. We were trained on information technology and at our return; government equipped us with necessary tools which we are all satisfied with.

Another beneficiary who is now Mr. Abdul-Hakeem Babatunde, Director of Bayotek Computer Service, relaying his experience, said, “Bayotek computer service was founded after I graduated from the Osun Youth Empowerment Scheme Technology in 2011 and we were given a mandate to empower other youths so as to complement government’s efforts at reducing unemployment among the youth.

“I have one of my centres at Federal Polytechnic Ede, Osun State and also have a Cybercafe as an extension where I also train students on how to work on software and hardware of computers. I have trained over 100 youths.

Also speaking, Anthonia Ogundare lauded the state government for the opportunity given her and many others to be part of the scheme adding that the scheme has made youths in the state productive.

“I have been a beneficiary of this programme; I was privileged to be chosen among 150 beneficiaries who were sponsored to Ghana by Osun state government for a month internship and at our return I was employed and I have since been working at Adulawo Technology City in Ilesa.

Advertisement

“This is one programme that has helped the youths in securing jobs to help their family and future. I have been learning a lot and gaining more knowledge every day”.

It would be recalled that the scheme which is aimed at job creation through ICT was inaugurated by the state governor, Ogbeni Rauf Aregbesola, in 2011.

OYESTECH is one of the components of Osun Youth Empowerment Scheme (OYES) which has recruited over 40,000 youths.

The programme now in its sixth year, has successfully scaled down youths unemployment and profitably engaged them in various areas of ICT.

Also, the United Nations in its latest Global multi-dimensional poverty index report on Nigeria ranked the state of Osun as the 2nd state after Lagos with least poverty amongst the 36 states in Nigeria.

Advertisement

This is due to the several empowerment programmes of the government which has successfully moved hundreds of thousands away from the poverty line.

Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

Moove Achieves Unicorn Status With $250m Funding

Published

on

Kindly share this post

Mobility technology company, Moove has raised $250 million in a Series C funding round at a valuation of $2.1 billion, reaching unicorn status.

The startup will deploy the fresh capital to build out autonomous vehicle infrastructure, expand fleet ownership, construct robotics-focused “Nests” for charging and maintenance, and grow its autonomous workforce from 150 to 500 by year-end.

The company plans to enter additional global markets, reflecting a strategy to build the operational infrastructure required for large-scale autonomous transportation rather than simply supplying vehicles.

Led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific, the round also included new investors BlueCrest Capital Management, Sona Asset Management and The Raptor Group, alongside existing backers BlackRock, MUFG, Franklin Templeton and Uber.

“Autonomous mobility is becoming an infrastructure race requiring fleets, charging systems, maintenance, data infrastructure and continuous city-level operations,” said Ladi Delano, co-founder, co-CEO and advisory board chairman of Moove.

Advertisement

Founded in Lagos in 2020, Moove has grown into a global mobility platform employing about 3,300 people across 29 cities in 13 countries, operating approximately 42,000 vehicles and reaching $420 million in annualised recurring revenue.

It has expanded organically and through acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan. Moove also operates autonomous vehicle fleets in partnership with Waymo in Phoenix and Miami, with London expected to join its footprint.

The $2.1 billion valuation places Moove among Africa’s small group of tech unicorns, alongside Flutterwave, OPay, Moniepoint, Andela, Chipper Cash, Wave, Tyme, MNT-Halan and Interswitch.

The $250 million round is the largest single funding deal announced by an African startup this year, though EV mobility firm Spiro raised $270 million cumulatively across two separate rounds.

Advertisement

Kindly share this post
Continue Reading

News

Heirs Life Names Pastor Jerry Eze Board Member, Targets Greater Financial Inclusion

Published

on

L – R: Tony Elumelu, Chairman, Heirs Life Assurance; Pastor Jerry Eze, incoming director, Heirs Life Assurance
Kindly share this post

Heirs Life Assurance, the specialist life insurance company of Heirs Insurance Group, has appointed Pastor Jerry Eze as an Independent Non-Executive Director on its Board, effective August 10, 2026.

Heirs Life Names Pastor Jerry Eze Board Member, Targets Greater Financial Inclusion

L – R: Tony Elumelu, Chairman, Heirs Life Assurance; Pastor Jerry Eze, incoming director, Heirs Life Assurance

The appointment reinforces Heirs Life Assurance’s commitment to expanding financial inclusion and accelerating insurance adoption by strengthening public trust, consumer education, and long-term financial resilience across Nigeria.

Despite being Africa’s largest economy, Nigeria’s insurance penetration remains below one percent – among the lowest globally – highlighting the need to expand financial protection and build greater public trust in insurance.

As Heirs Life continues to pursue its mission of making insurance accessible to every Nigerian, Eze’s appointment brings a unique perspective on community engagement, value-based leadership, and broad societal impact.

Pastor Jerry Eze is the Founder and Lead Pastor of Streams of Joy International Ministry, a growing multinational ministry with 34 branches across West Africa, Southern Africa, Europe and North America.

He is also the convener of the New Season Prophetic Prayers and Declaration (NSPPD), one of the world’s largest digital prayer platforms, reaching millions of people daily. Through his ministry and humanitarian initiatives, he has become one of Africa’s most influential voices, championing hope, compassion, and community transformation.

Advertisement

Beyond ministry, Eze is the Founder of the Jerry Eze Foundation, a faith-led philanthropy where he provides housing support and grants to vulnerable and underserved communities.

In 2026, he announced N1billion in grants to support young entrepreneurs across agriculture, technology, and manufacturing, further advancing enterprise development and economic opportunity.

Before entering full-time ministry, Pastor Jerry Eze built a career in development communications, serving as a Communications Specialist on a World Bank HIV/AIDS programme and with the United Nations Population Fund (UNFPA).

He holds a Bachelor’s degree in History and International Relations from Abia State University and a postgraduate degree in Business Administration from Enugu State University of Science and Technology.

Speaking about the appointment, Tony O. Elumelu, CFR, Chairman, Heirs Life Assurance, said: “Pastor Jerry brings an exceptional combination of integrity, influence, and a deep understanding of people and communities.

Advertisement

“As we continue our mission to democratise access to insurance, his insight will help strengthen consumer trust, deepen financial inclusion, and reinforce our commitment to protecting the financial future of millions of Nigerians.

“We are delighted to welcome him to the Board of Heirs Life Assurance and the broader family of Heirs Insurance Group.”

Commenting on his appointment, Pastor Jerry Eze said: “I am honoured to join the Board of Heirs Life Assurance at a defining moment for the insurance industry. Financial security empowers individuals, families, and businesses to pursue their aspirations with greater confidence and resilience.

“I look forward to working with the Board and Management to advance the company’s mission of making insurance more accessible, relevant, and impactful for every Nigerian.”

Heirs Life Assurance has become one of Nigeria’s leading specialist life insurance companies, ranking 7th on the Financial Times list of Africa’s fastest-growing companies.

Advertisement

It is one of the three insurance businesses of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents.

Combining an omni-channel digital presence with physical branches spread across the country, Heirs Life continues to redefine life insurance through innovation, customer-centric solutions, and a commitment to making financial protection accessible to every Nigerian.

Heirs Insurance Group, comprising Heirs Life Assurance, Heirs General Insurance, and Heirs Insurance Brokers, collectively serves over 3 million people directly and indirectly.

The Group is championing financial inclusion and leading the digital insurance play in Nigeria, demonstrating its mission to democratise access to insurance.

Advertisement

Kindly share this post
Continue Reading

News

World Bank Debars United Aviation Services, Owner over Fraudulent Activities

Published

on

Kindly share this post

The World Bank Group has announced the 31-month debarments of United Aviation Services Limited (UNASEL), a transportation services company based in Nigeria, and Air Vice Marshal Alkali Mamu, its owner and president, “in connection with fraudulent practices under the Enhancing Niger Northeastern Connectivity Project,” according to a press release issued by the multilateral development bank.

World Bank Debars United Aviation Services, Owner over Fraudulent Activities

The statement said that the project aims to enhance connectivity and road safety along the Zinder-Agadez Road section and improve access to basic socioeconomic infrastructure for selected communities in that road section.

However, according to the statement: “UNASEL and Mr. Mamu presented false experience documents in a prequalification application to qualify for a contract under the project. This was a fraudulent practice under the World Bank’s sanctions framework.”

“The debarments make UNASEL and Mr. Mamu ineligible to participate in projects and operations financed by Bank Group institutions. The debarments are part of two settlement agreements under which UNASEL and Mr. Mamu admit culpability for the underlying sanctionable practices,” it added.

The statement further said: “Per the Bank Group Sanctioning Guidelines, the settlement agreements provide for a reduced period of debarment in light of UNASEL and Mr. Mamu’s cooperation.

Advertisement

As a condition for release from sanction under the terms of the settlement agreements, UNASEL and Mr. Mamu commit to developing and implementing integrity compliance measures that reflect the relevant principles set out in the Bank Group Integrity Compliance Guidelines, and Mr. Mamu further agrees to complete corporate ethics training.

UNASEL and Mr. Mamu also commit to continue to fully cooperate with the Bank Group’s Integrity Vice Presidency.

“The debarments of UNA SEL and Mr. Mamu qualify for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.”

Kindly share this post
Continue Reading

Trending