General News
Closing the Gap in Social Inequality with Education, Employment and Entrepreneurship

By Dayo Aderugbo
For most developed countries, the youths remain an important focus in areas such as economic development, sustainability and nation building. When organisations and the government drive conversations and activities around social investments, these discourse are usually focused on empowering young people as they hold the power to drive growth across all levels of the economy both locally and internationally.
In a country like Nigeria, with lots of liquid resources and just about 2.11 trillion Naira in circulation as at May 2019 according to the CBN, the standard of living for the average citizen does not exactly reflect the volume of Nigeria’s asset. There is an existing gap in connecting education, employment and entrepreneurship within the youths, creating a great layer of social inequality.
Globally, more than 200 million young people are either unemployed, or they have jobs, but continue to live in poverty due to low income. This social and economic inequality is a challenge shared by many countries.
Infact, it is estimated that 1% of the world’s population will own two thirds of its wealth. This level of inequality stifles growth and creates disharmony. It significantly affects disadvantaged young people who often can’t access the skills and opportunities needed to close this income gap.
The question for us now is how do we build a sustainable development agenda, spearheaded by young people now and in the future. How do we invest in them and equip them to learn, earn and grow?
Achieving a more developed and sustainable society as a nation, calls for youth inclusion in closing the obvious existing inequality and prosperity gap. Heavy and consistent investment in the youth through education employment and entrepreneurship will contribute greatly to tackling this challenge.
Youths are often referred to social actors with the abilities to bring revolutionary changes and improvement in any society so there is a need to implement long term strategies to invest in future economies. Active youthful engagement in the labour market is a necessary prerequisite to generating a young people pool of resources for both government and private entities.
In Standard Chartered Bank, we believe that education, employment and entrepreneurship are three key pillars through which young people can be empowered. We do this through our Future Makers project, which seeks to tackle the issue of inequality and promote greater economic inclusion for young people in our communities. We encourage young people especially from low income households to take part in programmes focused on education, employability and entrepreneurship.
Our strong ambition is focused on raising USD50 million through fundraising and Bank-matching between 2019 and 2023 to empower the next generation of young people. We also realized that the success of some of our existing community programmes are projective to include expanding our goal to education programme for girls, incorporating financial education into all of our programmes and developing new global community programmes in employability and entrepreneurship.
We must not also forget the entrepreneurs in our communities, who remain valuable assets. There is a need to inspire and encourage them to their greatest potential as they possess what it takes to change the dynamics of how we live and work. Their innovations may improve standards of living and also create wealth.
Despite the strides made in technology, the “gender digital divide” remains a major concern. There is significant difference in access to technology and financial services for women owned enterprises than men.
In Nigeria, female population comprises of 49.34 per cent of the total population of Nigeria. With fewer income generating opportunities for the population at large, this leaves nearly half of the Nigerian population constituting women deprived of economic empowerment through employment, professional growth and livelihood opportunities. For us at Standard Chartered, this just isn’t good enough.
Similar to several emerging markets like Pakistan and Brazil, Nigeria is currently passing through a demographic transition, which has resulted in an increase in the working-age population i.e. youths comprising nearly half of the population, as a share of the total population.
To reap the ‘demographic dividend’ of this change, the economy needs to provide education and create productive and remunerative employment for young workforce entrants. Moreover, innovation through digitisation and entrepreneurship is a crucial and workable element in human capital development.
The bank has recently launched the Women in Tech Incubator programme (WiT) to help close this divide. WiT Tech targets female-led entrepreneurial teams and we provide them with training, mentorship and seed funding.
The incubators includes mentorship with the Bank’s own staff, connecting Women in Tech to other prominent brands like Google and Apple, and providing a platform for them to engage with experts so they could learn how to grow their business. The programme creates tangible and measurable impact to ensure that female entrepreneurs have the right opportunities to grow and nurture their business.
We are optimistic about the impact this programme will have on the socio-economic empowerment of female led entrepreneurs in Nigeria. The support the beneficiaries will get will go a long way in ensuring the sustainability of the businesses while creating employment for more women and youths in the country.
“This initiative builds on the Bank’s track record of increasing women’s access to entrepreneurial finance, employability and supporting adolescent girls and women through financing and capacity building.”
From our standpoint, the development and sustenance of a good economy in any nation is dependent on the level of quality education, employment and entrepreneurship opportunities especially available to young people.
Conscious steps must be taken towards equipping the youth regardless of class and economic status, with access to opportunities needed to realize their full potential to foster greater economic inclusion.
(Dayo Aderugbo is the Head of Corporate Affairs, Brand & Marketing Standard Chartered Bank for Nigeria and West Africa)
General News
Indwelt Studios Seeks Increased Awareness @ World Sickle Cell Day

Every June 19th, the world pauses to recognize something that, for millions of families, never pauses at all. World Sickle Cell Day is observed across the globe to bring sickle cell disease out of the shadows; to name it, to understand it, and to stand with the people who live with it every single day.

This year, the world marks the day under the theme “Closing the Survival Gap: Equity in Sickle Cell Disease.” It’s a phrase that asks a hard, necessary question: why should where you’re born, or what your family can afford, decide whether you live well, or live at all?
For us at Indwelt, that question isn’t abstract. It has names and faces we know.
Why this day means something to us;
Here in Nigeria, sickle cell isn’t a distant statistic. Our country carries the heaviest burden of the disease anywhere in the world; roughly 150,000 babies are born with it here each year, and millions of Nigerians live with it into adulthood. Behind those numbers are real people: managing pain that often goes unseen, navigating crises that arrive without warning, and carrying on with a quiet courage that most of us will never fully understand.
Some of those people are our colleagues.
Since our inception, we’ve had and still have team members who live with sickle cell. They show up, they create, they pour themselves into the work we’re proud to put our name on; and they do it while carrying something most of us never have to think about.
Our team member with sickle cell, put it to us simply:
“People see the work I deliver, but they don’t see the days I show up after a night I didn’t think I’d get through. Sickle cell is part of my story, but it isn’t the whole of me; and being a part of an organization that understands that, supports me and let’s me do work I’m proud of continues to make a difference for me. I don’t want sympathy. I want a world that takes this seriously enough to change the odds for the next person.”
Supporting them, through medical interventions and through simply being a workplace that sees them fully, has never felt like a policy or a perk. It’s felt like family looking after family.
That’s where our commitment began. Not in a boardroom, but in the everyday reality of caring for our own.
If you’ve ever asked; this is the reason we’ve chosen to anchor our Corporate Social responsibility around sickle cell, supporting initiatives that improve care, and backing the research working toward a future where this disease no longer steals so many years from so many lives.
We believe the survival gap can close. We’ve seen what changes when someone living with sickle cell is met with the right care, the right understanding, and the right support; they don’t just survive, they thrive. They build, they lead, they make beautiful things. We know this because we work alongside them.
So, our promise is simple: to put our resources, our voice, and our craft behind the people and the science fighting for better outcomes. To keep learning. To keep listening to those who live this reality. And to use whatever reach we have to make sure that, in this country with the world’s heaviest burden, no one feels they’re carrying it alone.
For someone living with sickle cell, care that comes to you and care you can actually afford aren’t luxuries; they’re often the difference between a crisis managed and a crisis survived. We’re proud to walk alongside teams doing that quiet, necessary work.
To anyone living with sickle cell, today and every day; we see your strength; including the kind that doesn’t look like strength, the kind that’s just getting through a hard day and showing up for the next one. You are not your diagnosis. You are not a burden. You are someone we’re honoured to stand beside.
And to everyone reading: you don’t need a CSR budget to make a difference today. Learn what sickle cell really is. Know your genotype. Have the conversation. Give blood if you can. Be gentle with the people around you who may be carrying more than they let on.
Awareness is where compassion begins; and compassion, multiplied, is how survival gaps close.
This World Sickle Cell Day, we’re thinking of our own. And we’re committed to doing our part, not just today, but in all the days that follow.
To our clients, we owe a particular thank you. Every brief you trust us with, every project we build together, every time you choose Indwelt; you are doing more than growing your business. You are helping fund the care, the awareness, and the research behind this cause. The work we do for you is quietly working for someone living with sickle cell, too. That partnership means more to us than you may realise, and we’re deeply grateful for it.
Awareness is where compassion begins; and compassion, multiplied, is how survival gaps close. This World Sickle Cell Day, we’re thinking of our own. And we’re committed to doing our part, not just today, but in all the days that follow.
General News
Police Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions

Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has uncovered a major telecommunications fraud syndicate accused of compromising a telecom company’s billing infrastructure and fraudulently generating data valued at more than N7.7 billion.

The breakthrough led to the arrest of several suspects and the recovery of assets believed to be proceeds of the crime, including nearly N90 million in cash, two residential houses, a mini-plaza, and a Toyota RAV4 vehicle.
In a statement issued on Thursday, June 18, 2026, DSP Unwana Imah, Police Public Liaison Officer of the NPF-NCCC, disclosed that investigations revealed the involvement of both insider collaborators and external accomplices in the large-scale cyber fraud operation.
According to the statement, the investigation was launched following a petition by a leading telecommunications service provider, which reported the unauthorized use of staff login credentials and a breach of its network billing system.
Preliminary findings showed that between October 1 and November 28, 2024, the suspects unlawfully accessed the company’s billing infrastructure and generated fraudulent airtime.
The airtime was subsequently converted into data bundles and distributed through a network of vendors operating across the country.
The criminal operation reportedly caused losses running into billions of naira before it was detected by the telecom provider, which promptly alerted security agencies.
“The Nigeria Police Force through the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has recorded significant progress in the investigation of a case involving Computer Related Fraud, Unauthorized Access to Computer Systems, and Theft of Telecom Services,” the statement said.
During the course of the investigation, operatives arrested several suspects and recovered more than 400 laptops, 1,000 mobile phones, Point of Sale (POS) machines, cash exhibits, and other evidential materials.
The telecommunications company was also able to reverse approximately 2,931.79 terabytes of fraudulently obtained data, valued at about N3.8 billion.
Further investigations uncovered the participation of insiders working alongside external collaborators to execute the scheme.
In a second phase of operations carried out in May 2026, NPF-NCCC operatives acted on intelligence and conducted coordinated raids across Kano, Katsina, and Zamfara states, leading to the arrest of key suspects identified as Musa Muhammed Kwandi, Nura Sadauki, and Aminu Muhammed.
Other suspects arrested include IT specialist Musa Hassan Mohammed, Samson Alisigwe, and Yusuf Shehu, all of whom are believed to have benefited from the proceeds of the fraud.
Through extensive financial investigations and asset tracing efforts, police recovered almost N90 million and seized properties linked to the alleged criminal enterprise.
The NPF-NCCC said investigations are ongoing to identify additional accomplices, trace more proceeds of the crime, and ensure that all individuals found culpable are prosecuted.
Olatunji Rilwan Disu, Inspector-General of Police (IGP) reaffirmed the Nigeria Police Force’s commitment to safeguarding the nation’s critical digital infrastructure and intensifying efforts to combat cybercrime across the country.
General News
AfreximBank Urges Nigeria, Others to Strengthen Continental Trade

The African Export-Import Bank (Afreximbank) has urged Nigeria and the rest of Africa to strengthen intra-African trade and resilience to protect against geopolitical shocks.

In a recently released Trade and Development Finance Brief, titled: ‘Africa’s Trade and Investment Landscape’, which examines the structural challenges shaping Africa’s trade performance and investment outlook in an increasingly uncertain global environment, it pointed out that Africa’s trade landscape remained heavily dominated by the export of raw materials, including agricultural products, oil, gas and minerals.
The report, however, regretted that imports continued to be heavily skewed towards manufactured goods and machinery.
The report noted that the existing export-import configuration leaves many African economies overly exposed to unfavourable terms of trade shock on account of external headwinds, including commodity price volatility, geopolitical tensions and associated global supply chain disruptions.
According to the report, the African Continental Free Trade Area (AfCFTA) remained central to efforts aimed at diversifying the continent’s trade base, strengthening regional value chains and increasing intra-African trade.
It further expressed that alongside the African Union’s Agenda 2063, the AfCFTA provides a practical framework for integrating fragmented markets, expanding industrial production and boosting productivity, with intra-African exports projected to increase by more than 20 per cent within a decade as implementation advances.
Also, the report further highlighted the importance of scaling investment in trade-enabling infrastructure, including energy, transport, communications networks, ports and logistics systems, to reduce the cost of doing business and improve cross-border trade flows.
It expressed that targeted infrastructure investment could support industrialisation, strengthen regional specialisation and improve Africa’s competitiveness as an investment destination.
It also pointed to a wider set of priorities for strengthening the continent’s trade and investment ecosystem, including regulatory coherence, institutional strengthening, economic diversification, improved access to finance for small and medium-sized enterprises and greater use of digital financial technologies.
Besides, the report stated that domestic and foreign investment were increasing across many African economies, notwithstanding the observed dominance of foreign investment.
It further mentioned that the direction of investment flows was uneven across sub-regions, with Eastern and Southern Africa receiving a larger share of foreign direct investment compared to Western and Central Africa.
Afreximbank said the findings reinforced the need for coordinated action to expand trade finance, improve trade-enabling infrastructure, deepen regional integration and accelerate value addition across the continent.
Managing Director, Research for AfreximBank, Dr Yemi Kale, said regional development finance institutions, including AfreximBank, were playing an increasing role in supporting intra-African trade through trade finance and related initiatives.
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