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Digital Encode Empowers Young Talents to a Great Height

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Millennials are currently the largest generation in the Nigeria labour force and will comprise more than 75% of the workforce by 2025 (globally). In fact, Millennials now have the most spending power of any generation, which means that creating a work environment that they can thrive in matters a lot for them.

Yes, change is certainly happening among the Millennials, yet progress is still needed. Unfortunately, many corporate entities are stuck in outdated norms, many of which are still tailored to older generations. This is particularly true when it comes to management.

So, it is usually heart-warming to see firms like Digital Encode doing everything to develop this group of leaders. Digital Encode, itself is a millennial company; the leading cybersecurity and compliance advisory firm was founded in 2003. In other words, it turns 19 this year!

The Founders, Oluseyi Akindeinde and Dr. Peter Adewale Obadare have demonstrated great understanding that today’s workforce (i.e, the Millennials) don’t need some ‘Big Brother’ figure hovering over them to tell them that budgets are cut, “that we will be in big trouble if we don’t meet deadlines, and to ‘make do with less’”.

So many things set Digital Encode apart from its peers – it understands and speaks the language of the Millennials without missing out on the needs of the laggards too.

They have shown leadership qualities by setting these young people (team members) up for success; instil in them a sense of bigger purpose, and giving them the confidence to persevere when the work gets challenging.

In line with Digital Encode philosophy of making its employees better than as they were employed that the Company took them to a retreat in Dubai.

According to Dr. Wale Obadare, co-founder and chief operating officer, Digital Encode, “Since inception of Digital Encode in 2003, It has always been our dream, our passion, to build a game-changing organisation; a place where employees have a sense of belonging, a big family, a great place where everyone is proud of. This year in pursuant of the dream, we decided to take all of our staff on this trip to Dubai for the 2019 Annual Retreat. Digital Encode is passionate to attract, motivate and develop a dynamic workforce that conquer the world from Lagos, Nigeria”.

“The only way that each and every person is going to get better at what they do is through reflection. The best CEOs always take time out to get away from work and think. They may sit on a luxury cruise ship or run away to a cabin in the woods, which was part of the team retreat activities.

“A time to reflect enables everyone to look back at what they have done in the past few months. They have the chance to consider how they can improve and what their flaws are.

Not only is this crucial for self-development it’s essential for the continuing progress of the company”.

Also speaking Dr. Oluseyi Akindeinde, co-founder and chief technical officer, Digital Encode, said: “We all can attest to the bustles and hustles in Lagos (Nigeria). The big issue that a lot of people have with the office is that it can become a stressful place. There are always busy times during the year. So, retreat is an avenue to come around, and ease-off.

“By taking the team away from a stressful environment, Digital Encode has made sure that they decompress all over again because as the saying goes, “less stress means more productive workers”.

“Workers are more demanding than ever before. Just because you are paying them doesn’t mean that they are going to give it their all. As far as they are concerned, a salary is just a means to an end. They do it because they have to, and that’s not a good mindset to have for your (modern) business.

“You need to come up with ways in which you can improve company morale. Studies indicate that companies with high morale outperform their counterparts by 20%.

The way to do this is through a corporate retreat. You are showing that the company cares about the well-being of its employees. It’s supposed to be a treat and a reward. It’s not something you have to do but it’s something you should do. So, Digital Encode has achieved this too!

Empowers young talents to a great height

Digital Encode, a multi-award winning and leading consulting and integration firm that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures, recently sponsored some kids among whom where children of the Company staff, to five-week training on Robotics, Artificial Intelligence (AI), Internet of Things (IoT), 3D Printing and game development.

This is a clear demonstration of believe in the Generation Y; the generation of people born during the 1980s and early 1990s. Importantly, they are grooming talents that will bring new digital skills and tech savvies that will be critical to transforming the business. This is one reason why so much is written about millennials.

With what Digital Encode is doing, these youngsters will bring their values, ideas and skills to shape society, markets and companies. Of particular interest are their attitudes to work and the implications these hold for firms and economies.

In the heel of that development, the firm sponsored the team to one-week retreat at the United Arab Emirates; Dubai precisely! Team retreat is a growing trend in the corporate world. There are so many benefits of team retreats that even smaller companies are thinking about how they can take the office out of the office for a weekend or just for a day.

Discovering hidden talents

A company can spend millions of naira to hire event comperes without knowing that Engineer (in the office) who carries wire about can also ‘talk’. If you’re doing the same things every single day, the chances are people are not going to realize their true talents. Coworkers often fail to realize just how extraordinary each person is because nobody ever gets the chance to reveal who they truly are.

Team retreats allow a group of people to indulge in tasks that just don’t happen in the normal office environment. For the first time, you may discover that Nkechi from accounting is really good at storytelling. But how does this translate to any actual value for the company?

To put it simply, you learn to know a person. You can better identify with them. You may even bond over the fact that you have the same interests as them. A hard skill can reveal a bunch of other soft skills, so it’s always useful to find out more about a person.


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E-Business

Abdullahi, NITDA Boss Harps on Partnership to Drive Advance Digital Transformation Agenda

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Mallam Kashifu Abdullahi, director-general, National Information Technology Development Agency (NITDA), has reaffirmed the importance of collaboration in advancing Nigeria’s digital transformation agenda.

Abdullahi, NITDA Boss Harps on Partnership to Drive Advance Digital Transformation Agenda

L-R: Mallam Kashifu Abdullahi,  director-general, National Information Technology Development Agency, with Brig. Gen., Abdulrahman Idris, team lead of the Senior Executive Course 46 2024, National Institute for Policy and Strategic Studies, Kuru, Jos during a strategic tour visit to the agency headquarters in Abuja.

Abdullahi disclosed this during a strategic engagement with participants of the 2024 Senior Executive Course 46 from the National Institute for Policy and Strategic Studies (NIPSS), a delegation led by Brigadier General Abdulrahman Idris.

Abdullahi emphasised that no organisation can achieve its goals in isolation, stressing the need for collaborative efforts to harness ideas, experiences and insights for national development. He highlighted the potential of collaboration between NITDA and NIPSS to leverage technology and digital innovation for driving economic growth, creating job opportunities and attracting foreign direct investment (FDI).

“At NITDA, we have re-imagined our social contract with Nigerians, focusing on improving service delivery and fostering the swift growth of the ICT sector,” said Abdullahi. He emphasised the agency’s commitment to serving Nigerians and outlined the strategic direction outlined in NITDA’s Strategic Roadmap and Action Plan (SRAP 2024-2027) 2.0. The SRAP is structured around eight pillars aimed at fostering digital literacy, building a robust technology research ecosystem, strengthening policy implementation, promoting inclusive access to digital infrastructure, enhancing cybersecurity, nurturing innovation and entrepreneurship, forging partnerships and cultivating a vibrant organisational culture.

The brigadier-general provided insights into NIPSS’s role as Nigeria’s foremost policy think-tank, tasked with developing top-class technocrats to drive national development initiatives. He highlighted NIPSS’s contributions to policy formulation and implementation over the years, emphasising the institution’s mandate to address issues of national interest, particularly in the digital economy sector.

The collaboration between NITDA and NIPSS underscores the importance of synergistic efforts in harnessing technology and innovation for national development. By leveraging each other’s expertise and resources, both organisations aim to drive economic growth, foster job creation, and position Nigeria as a leading player in the global digital economy.

Through strategic partnerships and collaborative initiatives, NITDA and NIPSS are poised to chart a path towards sustainable development, leveraging digital innovation as a catalyst for socioeconomic transformation and inclusive growth.

 


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E-Business

IvoryPay, Tether to Drive Crypto Transfers Across Africa

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Ivorypay, a blockchain-based payment and remittance firm, has teamed with Tether, the stablecoin pioneer, to improve crypto-based transactions across Africa.

Tether is the business that developed the stablecoin, USDT, and with this agreement, it will mint and issue USDT straight to IvoryPay.

According to the partners, this agreement would provide more dependable and economical digital transaction choices to businesses and consumers across Africa.

Ivorypay will leverage Tether’s widespread acceptance to provide a buffer against the typically unpredictable nature of crypto-currencies, increasing user confidence in using digital currencies for daily transactions as well as cross-border transfers.

“Partnering with Tether is a strategic move that aligns perfectly with our vision of simplifying and securing crypto transactions across Africa,” said Oluwatobi Ajayi, CEO, IvoryPay.

He added: “It gives us easy access to the liquidity we need to cater to more businesses and individuals across the continent and to do that cheaper and faster than anybody else, which we believe will significantly enhance user trust and increase adoption rates across our platforms.”

“This strategic partnership between Ivorypay and Tether represents a transformative step for digital transactions across Africa,” said Aly Madhavji, managing partner of Blockchain Founders Fund.

“By incorporating USDT into their payment systems, IvoryPay aims to increase financial inclusion and streamline cross-border remittances, establishing a new standard for stability and efficiency in the region’s financial services We are thrilled to assist Ivorypay as they endeavour to create new opportunities for businesses and consumers across Africa.”


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CAC Revokes NIPOST Subsidiaries’ Certificates

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The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited.

This revocation followed the discovery of an illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance to the agency’s subsidiaries.

The CAC, in a statement on Monday, said, “The General Public is hereby informed that the Commission, sequel to its powers contained in Section 41 (7) of the Companies and Allied Matters Act No. 3 of 2020, revoked the Certificates of incorporation of the below-mentioned companies because the same was improperly procured. These companies are:

“1. NIPOST Transport and Logistics Services Company Ltd RC 1673881 and 2. NIPOST Properties & Development Company Ltd RC 1673971.

“By virtue of these revocations, the Companies are deemed to be dissolved and their Assets and Liabilities transferred to the Nigeria Postal Services established under the Nigerian Postal Services Act Cap N127 LFN 2004.”

It was gathered that CAC records confirm that as of November 8, 2023, some top officials of BPE control significant shares in the subsidiaries.

Responding to these discoveries, the Senate passed a resolution on December 30, 2023, for a probe into the matter.

The resolution declared the NIPOST subsidiaries in question “irregular and illegal” and recommended their immediate winding-up and deregistration.

The Senate resolution goes beyond immediate action; it demanded a thorough investigation into the N10 billion voted by the Ministry of Finance for NIPOST’s restructuring and recapitalisation.

Should evidence of “injudicious utilisation” surface, the Senate said the committee responsible must recover the full amount.

In its resolution of December 30, 2023, the Red Chamber said it uncovered an alleged illegal transfer of Federal Government shares in two NIPOST subsidiaries to private individuals.

The discovered infractions sparked outrage, prompting the lawmakers to call for immediate action.

Some individuals in key positions within the Bureau of Public Enterprises (BPE) and NIPOST were listed as shareholders of the two NIPOST subsidiaries.

 


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