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Ekeh, Zinox Boss Counsels Techprenuers, Urges Creation of Nigerian Bill Gates
Leo Stan Ekeh, Nigeria’s icon of Hope and chairman, Zinox Group has urged Nigerian technology entrepreneurs to create their own future by digging deeper into different areas of technology.
Ekeh who is also global partner adviser of Microsoft Inc, told technology entrepreneurs who engaged with him in London last week, that Nigeria needed at least one true Bill Gates, in addition to the present crop of Nigerian genuine billionaires to become a successful and sustainable global brand.
According to him, it is an undisputable fact that the richest men in the world are all in businesses that influence choice and decisions aided by the deployment of knowledge like publishing, media and communications, among others.
For example, the family of Walmart makes money from what customers want by deploying knowledge gathered from ICT tools.
“I believe that God’s purpose for this technology-driven century is to reduce the inequalities among peoples but only serious nations with highly resourceful citizens and leaders would take advantage of this knowledge century to emerge on the global stage. How on earth would an Asian or African nation think of competing with any of the developed economies of the world without the power of the brain?” Ekeh added.
Ekeh who brought legitimacy to ICT business in Nigeria, said, that he was sure looking at most of them who were between the ages of 25 to 30, that a lot of them started hearing about Mr. Bill Gates from infancy till date and that the net sustained wealth from the platform launched by a young man and few of his friends created few years ago could challenge the wealth of our nation with a population of 173million.
He urged them to “Think about the multiplier effect and then you will appreciate why you should dig deeper into different areas of technology to at least brand yourself and your families,”
When confronted with the issue of infrastructural challenges in Nigeria which was responsible for the failure of a great number of SMEs, Ekeh told them Rome was not built in a day and that advanced nations such as United Kingdom achieved their current level of technological development over time.
He apprised them that until they come back with world class exposures to make their contribution in different sectors, the nation might continue to struggle.
The Zinox boss reassured them that the country was moving in the right direction and that their parents sent them abroad to study so that when they return, they will better the lots of their families and by extension the whole country.
On their fear on the stability of the country and national economy, he made them realise that only cowards run away from war fronts in a knowledge century.
While telling them that he restricted himself to technology business, he pointed out that it was the duty of every Nigerian to defend the homeland and that they should “not join few of our brothers and sisters in the UK praying for the Naira to be devalued so that their few pounds could be exchanged for more Naira so that they could visit home to intimidate other Nigerians”
He equated such people to those Nigerian elites praying for oil price to continue to go up so that they would have more cash in their banks forgetting that the higher the oil price, the less quality of life for the general populace.
Ekeh analysed that lower oil price would stimulate quality life, reduce cost of doing business and engender the creation of more successful SMEs.This in turn, he said, would reduce the challenges of unemployment which has remained a major headache to the country.
Going further he said, “I am sure you are feeling the global panic over falling oil price in some nations while some structured knowledge-driven nations are celebrating. How can you depend on what you don’t have control over when you can use a free gift from God – that is your brain power and create unimaginable wealth? “
On the question of how he has managed to survive in the technology business in the last 26years with all the challenges facing the country, he said, “You have to be very positive about yourself, your business and the nation before you can achieve anything. My team and I have struggled against all odds to remain relevant in a nation that sees oil as almost everything. I must also inform you that there have been positive signals from government in the last ten years to support technology entrepreneurs.
At Zinox Group, we talk about technology evolution and not revolution and are confident that as one of the main pioneers of the ICT sector in West Africa we shall benefit from our sweat.”
He affirmed that very soon Zinox Group would launch the “Zinox Vision 2040” which would encapsulate the Group’s road map for the nation, West African Sub-region and the continent of Africa. He ended by apologizing for not engaging with them before then.
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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