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TGNYES 2017 Exposes Youths to Business Opportunities, Others Receive IT Training

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By peter oluka

The Generation Next Youth Empowerment Summit 2017 (TGNYES) has spurred young people to innovate and put on their thinking cap.

The Summit, an initiative of Elbativeni Foundation and Elbativeni Impressions and Consult invested with the Project’s mission to build youth leaders and empower them with right resources, world class speakers, job opportunities, grants, loan facilities, entrepreneurship ideas and available physical gifts and tools to enhance their lives and held in Abuja recently, was attended by notable dignitaries and speakers including, His Excellency, Ambassador Leopoldo Rovayo Verdesoto, of the Embassy of the Federal Republic of  Ecuador to Nigeria, and Nigerian Communications Commission’s Executive Vice Chairman’s (EVC) Senior representative, Ms Olawaiye Olasumbo.

Others were: MD of Nanet group, Mr Ini Akpabio; Nigeria’s Former Minister of information, Mr Frank Nweke Jnr.; CEO of Elbativeni Foundation and Elbativeni Impresions and Consult, Ms Destiny Ruth Obiakoeze; CEO of O&S Services, Mr Oba Boniface, CEO of Media Range Ltd, Mr Hassan Abdul; Flex NG’s Mr Kabir Bayo Shittu; Ocean Hill’s Mr Chinonso Opurum; Speaker Arnold Pms Arnold Ayomide Afolayan amongst others.

Nigeria’s former minister of information, Mr Frank Nweke Jr. who was the edition’s “Success Icon” appreciated the team for the vision and seeing themselves as partners in Nigeria’s development emphasized: “I say this because more often than not, we find many people who believe that they have no role to play in national development. So when I meet young people like Destiny and her team who envision this kind of empowerment programmes  and it has encouraged others on what must be  done; one must duff his hats, one must respect them. So I pay my due respect to them”.

He spurred on participants to ask themselves hard questions and stressed on the need for passion and drive and the desire to push against all odds noting that he had faced challenges over the course of 7 years, implementing an idea that would employ over 15000 people.

The Ambassador of the Republic of Ecuador to Nigeria, H.E Leopoldo R Verdesoto shared varied experiences both as a diplomat, professionally and personally.

According to him, “I have served abroad in three different places, all of them nice from my point of view but they were considered not easy. One of the fact that I carry my career and I am very proud of it is some people didn’t want to go to the places that they had offered me to go but I say okay because for me, it’s a privilege to serve my country and I go! No Wahala on it”.

Nigeria’s Former Minister of information, Mr Frank Nweke Jnr. (m) flanked by CEO of Elbativeni Foundation and Elbativeni Impresions and Consult, Ms Destiny Ruth Obiakoeze; CEO of O&S Services, Mr Oba Boniface, CEO of Media Range Ltd, Mr Hassan Abdul; Flex NG’s Mr Kabir Bayo Shittu; Ocean Hill’s Mr Chinonso Opurum; Speaker Arnold Pms Arnold Ayomide Afolayan

He recounted his diplomatic experiences and the importance of relations to the diaspora citing shared similarities and values of Ecuador and Nigeria including economic.

The Ambassador advised that “youths and young people must be interested in what is going on in their country and their region, their…and make the compromise to go into politics and activism; not to take advantage of managing public funds but to serve their people and their country”.

The Managing Director of Nanet Group and Nanet Hotels, Mr Ini Akpabio, success Icon of the maiden edition and patron of the Summit spoke on “The roles of youths in a united Nigeria”. He raised salient issues of unity stressing that Nigeria had lots of things threatening to divide her.

He noted that the world boasts of youths as Presidents – the 31 year old President of Austria and 39 year old President of France.

He noted that there was need for less discrimination, Full rights of residence in any part of the country, and political and economic emancipation amongst others; mentioning that schemes such as the federal govt colleges, the National Youth Service Corps were great initiatives and were targeted at the unity of the country.

Speaking on some of the take home for youths at the Summit Mr Ini Akpabio said “The Youths are very powerful so the first thing they must do is to recognize their power. The youths don’t know how powerful they are. In exercising their power, they will be able to make changes. The changes I have been advocating are those that can be embedded in our constitution. We should have a percentage set aside…maybe like 25%, and say that at all levels of governance, that 25% must go to the youths; defined as people between the ages of 15 to 35.

Earlier in her welcome address, the CEO of Elbativeni Foundation and Elbativeni Impressions And Consult the hosting organizations of the youth Summit, Ms Destiny Ruth Obiakoeze, explained that the youth Summit was to bring people of different sectors and proffer ideas and actions capable of helping the young people move forward.

She said the idea of the summit remains to fire youths up from the inside to the outside and help them to realize that the things that they want is inside of “them”, that they can make things happen for themselves regardless of the economy, the circumstances of life and that they can do what they want to do to become the leader that they want. She added that the summit was paramount to give hope to youths who did not have hope and give assistance to youths who did not have the right resources to help themselves and empower them with available opportunities.

Nigerian Communication Commission’s Executive Vice Chairman (EVC) who was represented by the Principal Manager in the public affairs department, Ms Olasumbo Olawaiye said that since the youths make up a huge percentage of the telecom consumers ‘the Generation Next Youth Empowerment Summit’ was indeed a great platform to enlighten them on the various telecom issues.

The Commission had earlier in March 2017 flagged off the ‘year of the Telecom Consumer Campaign’ focused on the needs and satisfaction of the Nigerian Telecom Consumer of which part of its purpose is to inform and educate the consumer with the sole intent of protecting and empowering them to make the right decisions and from unfair practices of network operators.

The Commission in its eight point agenda with two being to improve the quality of service and a sixth which is to protect and empower consumers specifically addressed… Key components of the campaign in the year of the Telecom Consumers Include: Creation of great awareness of quality of service; research based fact on electromagnetic field radiation; The do-not-disturb code,2442 and the NCC toll free 622 line.

Noting that information was very important for the youths and users of telecom services to be properly aware in their consumer experiences, she said the, “Do-Not-Disturb code 2442 is a dedicated command short code which will enable consumers to stop unsolicited text messages, including voice and take informed and independent decision of what messages to receive from the network and protect themselves from the nuisance of unsolicited messages and take it as a direct response to the yearning of subscribers.

During the Entrepreneurship session, Mr Oba Boniface who facilitated the session said that the difference between  a successful entrepreneurs and the unsuccessful entrepreneurs were their abilities to  bring out revenue out of rubbish, see prosperity out of problems, and cash out of  crisis.

According to him, there was need for youths to see entrepreneurship as a great option and see the business in problem. They need to see opportunities in problems.

They need to think of how to add value to others and increase their integrity since innovation in a better way to solving people’s problems. They need to be ready to invest in their own businesses and ideas and not just expecting others to invest in them.

The Summit also hosted an innovative mind teaser session hosted by the Technical Director of the Nigerian Scrabble federation, Mr Farouk Babaina.

In a session on Brand Power, the CEO of Media Range Ltd, Mr Hassan Abdul taught that there were series of things that were important to becoming more marketable as personal and business brands and it is indeed important to increase performances in them. Attributes that differentiate individuals and business in the industry must be developed and improved.

Cross section of guests and speakers at the Summit

According Mr Hassan Abdul, Personal branding can accelerate communications strategy, ease career transitions, increases long term career and business objectives as well as expected outcomes.

He spoke on the essence of communications and branding to individuals and business and how to leverage its capacities in life and business.

Mr. Peter Oluka, IT Correspondent with the Nigerian Communications Week  coordinated the ‘opportunities Panel‘  with CEO of MicroFlex,-Mr  Kabil Shittu; CoFounder of Ocean Hill, Mr Nonso Oprum; Representative of Elbativeni Foundation, Ms Biodun Ogundipe where opportunities for soft loans, Business support services and ICT Training for women were offered participants.

The last session was the Google Digital Skills for Africa session facilitated by the CEO of the hosting company and foundation- Elbativeni Impressions and Consult and Elbativeni Foundation., Ms Destiny Ruth Obiakoeze.

The session highlighted the need for an online presence, the opportunities available through online presence and possible career opportunities that youths could leverage to earn money.

Given Google’s target to train 10 million African’s especially youths, the session explored digitals skills, the need to be digitally savvy and increase the use of technology online and in businesses.

According to Destiny, the future of technology would considerably progress and will continue to be profitable considering the principles of the digital world.

However she noted that youths have incredible opportunities with the advent of technology and the digital world than ever before.

Some of the success stories of the year’s event was achievements of the free admission for participants at the summit, exposure to world class resources, facilitators and speakers including:

Ten (10) Start Up Business winning FREE Business Support services; 20 Ladies selected from participants to attend FREE SIX MONTHS ICT training from February 2018 to July 2018; Soft Loans; Job Opportunities for select participants and Free Summit shirts won by raffle.

According to The Generation Next Youth Empowerment Summit’s Convener, Ms Destiny Ruth Obiakoeze, Now, we are looking forward to 2018.

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. 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

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FRC, ICPC Seal Anti-corruption Alliance

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The Fiscal Responsibility Commission (FRC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have signed a memorandum of understanding (MoU) to enhance institutional synergy and accountability in public finance management.

The partnership is also to deepen transparency and strengthen the fight against corruption in Nigeria.

The Executive Chairman of the FRC, Mr. Victor Muruako, and the Executive Chairman of the ICPC, Dr. Musa Adamu Aliyu, expressed profound satisfaction over the partnership, describing the signing as timely and symbolic, coming on a day dedicated globally to integrity, transparency, and the fight against corruption.

Speaking at the ceremony, both chairmen reaffirmed their agency’s shared commitment to prudent management of Nigeria’s resources, fiscal discipline, and the coordinated strategies to confront corruption and financial mismanagement.

Under the MoU, both agencies will collaborate extensively in capacity building, joint investigations, information sharing, asset recovery, and enforcement operations.

The ICPC, through its Anti-Corruption Academy of Nigeria (ACAN), will provide specialised training to FRC staff in forensic investigations, financial crime detection, digital evidence recovery, and prosecution strategies. In turn, both agencies will exchange resource persons for workshops and public enlightenment programmes.

The agreement further empowers both institutions to conduct joint investigations and coordinated operations where violations cut across the mandates of both the Fiscal Responsibility Act, 2007 and the ICPC Act, 2000. It also establishes a framework for mutual assistance in tracing, freezing, confiscating, and recovering stolen public funds.

On information sharing, the MoU guarantees the confidential exchange of intelligence, financial records, and technical data, while upholding strict ethical standards and full compliance with all applicable laws.

According to the parties, the collaboration will significantly enhance Nigeria’s anti-corruption architecture by eliminating institutional silos and strengthening enforcement outcomes.

The Memorandum of Understanding, which can be terminated with a 30-day notice by either party, marks a renewed and expanded phase of cooperation between the two key integrity institutions.

The signing ceremony concluded with both chairmen reaffirming their resolve to work tirelessly to promote accountability, transparency, and sustainable national development in line with the Constitution of the Federal Republic of Nigeria and existing anti-corruption laws.

Meanwhile, the Chairman of the FRC, Victor Muruako, has commended the ICPC Chairman, Dr. Musa Adamu Aliyu, and his team for sustaining the Commission’s legacy as one of Nigeria’s frontline anti-corruption institutions. Muruako particularly highlighted the signing of the MoU between the two agencies, describing it as a major step toward strengthening inter-agency collaboration in tackling corruption at all levels of government.

According to him, both agencies have, in recent months, intensified joint efforts to enhance accountability and prevent corruption at the local government level. These efforts, he noted, focus on improved budget preparation, prudent management of public funds, and the modernisation of tax, financial and asset administration systems.

He emphasised that where acts of corruption are detected, the law must take its full course to deter future offenders.


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Debt Rises in AI Data Centre Boom

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As AI fever has propelled global stocks to record highs, the data centres needed to power the technology are increasingly being financed with debt, adding to concerns about the risks.

A UBS report last month said AI data centre and project financing deals surged to $125 billion so far this year, from $15 billion in the same period in 2024, with more supply from the sector expected to be pivotal for credit markets in 2026.

“Public and private credit seems to have become a major source of funding for AI investments, and its rapid growth raised some concerns,” said Anton Dombrovskiy, fixed income portfolio specialist at T. Rowe Price.

“Although up until now an increase in supply has been met with relatively healthy demand, this is the area to watch especially taking into account large financing needs estimates,” Dombrovskiy added.

The Bank of England warned last week that the growing role of debt in the AI infrastructure boom could heighten potential financial stability risks if valuations correct.

Christopher Kramer, portfolio manager and senior trader on Investment Grade Credit team at Neuberger told Reuters that the market has seen a structural shift as the largest technology companies finance their AI infrastructure ambitions.

“They really haven’t been focal points in our market from a debt issuance standpoint, and that’s obviously shifting really dramatically … anytime you have that, it creates a lot of opportunity,” he said on November 28.

“We’re excited just from the standpoint that the market’s changing. You’re going to have a different dynamic, it creates an opportunity to take risks and create value for our investors,” Kramer added.


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FG to Use Digital Economy Initiatives to Curb Corruption Among Youth

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Lateef Fagbemi (SAN), the Attorney-General of the Federation and Minister of Justice, has said that Federal Government is intensifying its use of digital-economy initiatives to curb corruption among young Nigerians.

Speaking at the commemoration of the 2025 International Anti-Corruption Day held on Tuesday in Abuja, the AGF said the administration of President Bola Ahmed Tinubu has deliberately positioned technology, innovation training, and digital-skills development at the heart of its anti-corruption strategy for young people.

The event, organized by Technical Unit on Governance and Anti-Corruption Reforms (TUGAR) domiciled at the Nigeria Extractive Industries Transparency Initiative (NEITI) had the theme: “Uniting with Youth Against Corruption: Shaping Tomorrow’s Integrity”.

Fagbemi, who delivered the keynote address, said the government believes that empowered, skilled and economically engaged youths are less vulnerable to corrupt influences.

According to him, programmes such as the 3 Million Technical Talents Programme (3MTT) and the recently launched Nigerian Youth Academy (NiYA) are already equipping millions of young Nigerians with ICT and digital-innovation skills, reducing their dependence on patronage systems that fuel corrupt practices.

“A hopeful youth is harder to corrupt; an engaged youth is harder to mislead; and an empowered youth is a powerful force for national transformation,” Fagbemi said.

He explained that by investing in digital literacy, tech entrepreneurship and innovation-driven training, the Tinubu administration aims to create a generation of young Nigerians who are globally competitive and resistant to corruption.

Beyond digital skills, the AGF pointed at several government efforts to expand educational access through the Nigeria Education Loan Fund (NELFUND), and support youth entrepreneurship via the Nigeria Youth Investment Fund (NYIF) and the iDICE programme, providing funding, training and mentorship for young innovators in tech, entertainment, agriculture and design.

Fagbemi added that the inclusion of young people in governance, through appointments and expanded civic-engagement platforms, was another strategic tool to strengthen integrity and transparency in public life.

He urged stakeholders to deepen efforts to integrate anti-corruption values into school curricula, establish integrity clubs, mentor young leaders, and leverage ICT tools to promote transparency, whistleblowing and public accountability.

Earlier, the Head of TUGAR, Mrs Jane Onwumere said the gathering was especially meaningful because it reflected a shared truth: that tomorrow’s integrity rests significantly in the hands of the youth.

“The theme therefore, is not just a slogan but a call to action and a reminder that young people are not only beneficiaries of good governance, they are co-architects of it.

“Corruption has affected lives and the economy negatively in many ways. One of such is the “japa wave” which has seen young Nigerians leave the country in droves in search of greener pastures. This syndrome has drained the country of resources and human capital. It has in many situations split the family unit, a critical foundation for anti-corruption efforts”, Onwumere, added.

In his speech, the Executive Secretary, NEITI, Hon. Musa Sarkin Adar expressed the agency’s commitment to empowering young Nigerians not only as advocates for accountability but also as active partners in shaping the future of integrity in the extractive industries and beyond.

“At NEITI, we recognize that corruption undermines opportunities for growth, distorts resource governance, and deepens inequality. We also know that a united, informed, and courageous generation can dismantle these barriers.

“This is why NEITI will continue to expand civic education, strengthen our reporting mechanisms, support youth-led innovation, and create more platforms for constructive engagement with young professionals, students, and entrepreneurs”, he added.

 


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