News
Co-creation Hub Plans $700,000 Investment in Edo Startups
Co-creation Hub, a technology innovation centre has announced an investment of $700,000 in tech startups based in Edo State through its Innovation Challenge and Support programs.
This initiative which was announced in a statement on Friday aims to accelerate the growth of technology-driven enterprises within the state.
Under the investment programs, a total of 30 startups are set to receive $10,000 each, while an additional 20 startups will be granted $20,000 each, aggregating to the $700,000 commitment by Cc Hub.
The programs are also being organized with the support of the Bill & Melinda Gates Foundation.
Working hand-in-hand with the Edo State Government, Cc Hub envisions strengthening the foundation of Edo State’s digital solutions ecosystem
Cc Hub was co-founded by the current Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani.
The Minister said, “We are offering investment support to 50 startups through two programs – the Inclusion-Focused Support and the Innovation Challenge Program for diverse startups with underrepresented founders and teams (women) and the Innovation Challenge for all tech startups with innovative ideas and products, offering funding for those with market potential.
“Dive into opportunity with our Inclusion-Focused Support Program: 30 selected startups, each receiving $10,000 for growth and innovation!
“Innovate, transform, and thrive! with our Innovation Challenge Program: 20 startups, each awarded $20,000 to drive game-changing ideas forward!”
According to the Hub, the deadline for the applications is 12 February 2024 and interested startups based in Edo State can apply.
In 2022, the Edo State government announced that it had recorded an exponential rise in the number of tech startups and a boom in entrepreneurial activities in the state.
It said in a statement that with the surge, the state was being repositioned to become the leading startup ecosystem on the African continent, ready to contribute its fair share to the $6.6bn Africa’s startup ecosystem.
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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