News
Stakeholders at CFA’s Startups Hangout Say Collaboration & Trust key to building sustainable partnerships
Stakeholders in the ICT sector have said that trust is the right ingredient for building an enduring business relationships and partnerships in Nigeria
They made this call at the May edition of CFA’s Startups Hangout held recently in Ikeja, Lagos.
Speaking at the event, Muhammad Rudman, CEO, Internet Exchange Point of Nigeria, said that partnership or collaboration, is the coming together of individuals, families or businesses, with a view to achieving certain results.
“There has to be a reason for collaborating, to achieve a common goal”, he stated.
Rudman illustrated a typical example of collaboration, when he stated that the internet, as we have it today, is a combination of the efforts of experts from Stanford University and university of California in 1969 when they decided to connect to each other just to share resources, which eventually resulted into this global thing we know today as internet.
He noted also that even though most of our network providers are competitors public but privately they are collaborating to ensure that we are able to make phone calls within their different networks.
Ojikutu Adeniyi, President, CAPDAN and CEO of Pacific Network Solutions Limited, while making his remarks said that there is need to build trust when going into partnership business with any partner.
He noted that, challenges will come in any partnerships, but we have to find a way around those challenges.
In his words, “Challenges are constant, but how constantly you solve those challenges, will determine how far the partnership will go”.
He also stated that, for the partnership to work effectively, the partners must be faithful to each other.
Ojikutu emphasized that, before going into a partnership, you need to have a roadmap and know what you will gain from in it and this must be connected to your vision and mission.
Dr. Nkiru Balonwu, Managing Partner, RDF Strategies, said that, the main reason for going into a partnership is that, no one has all the answers to everything; so, you need to partner with those who know about that aspect of the business you want to engage in and collaborate with them.
She decried our penchant of wanting to be the sole CEO or Founder at all cost, when your business can be better managed by going into a partnership.
She added that, for us to go into partnerships we should ensure that our partner have something of value to bring to the table, adding that trust must exist among the partners for it to work effectively.
CFA’s Startups Hangout is a platform where entrepreneurs meet, network, learn and grow. It is designed to help startups succeed.
News
Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
News
As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
News
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.
Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.
The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.
Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”
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