News
CIBN to Engage Youths on Future of Banking, Payment Ecosystem
The Chartered Institute of Bankers Nigeria (CIBN) has announced plans to engage over 5000 youths within the financial systems ecosystems on the trends that would guide banking of the future at the ‘Generation Next Forum.’
The forum which is slated to hold in Lagos would converge stakeholders to discuss the theme, “Industry 5.0 Banking Revolution: Insights for Generation Next.”
The President/Chairman of the Council, Ken Opara in a press conference recently stated that the primary objective of the forum is to offer strong platform for stakeholders to analyse the significance of the Fifth Industrial Revolution and its far-reaching effects on the banking and finance sector.
Opara said: “This forum aims to provide a robust platform for stakeholders to examine the criticality of the Fifth Industrial Revolution and its profound impact on the banking and finance industry especially as it affects the young generation which has been a cardinal focus of my Agenda as the 22nd President/Chairman of Council of the Institute. From available statistics, Nigeria has the largest population of youths in the world, with a median age of 18.1 years.
About 70 per cent of the population are under 30 and it is not controvertible that the future belongs to this segment of the population. We believe that the future is now, as such, our focus is to attract, groom, mentor, prepare, and collaborate with this special segment to get them ready for the task ahead.”
He added that the Generation Next Forum will bring together over 5000 participants, comprising majorly Gen-Z and millennial participants, decision-makers, operators and other key players within the financial services ecosystem.
He added: “We are confident that the Generation Next Forum will inspire a new generation of banking professionals, facilitate knowledge sharing, and foster the development of innovative solutions to address the challenges in our society. It will be an opportunity to engage with the brightest minds and emerging talents who are shaping the future of banking and finance in Nigeria.”
On his part, the Chairman of the Planning & Organizing Committee, Generation Next Forum, and Managing Director, Nova Merchant Bank, Nath Ude noted that this forum is which is a maiden edition would henceforth hold annually.
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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