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FBNQuest Partners Teach for Nigeria to Deliver the Incubation Hub Pitch Contest

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In line with its commitment to deliver impactful community-focused initiatives, FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, has continued to strengthen its partnership with Teach for Nigeria (TFN) by supporting the TFN Incubation Hub Pitch Contest and the TFN Annual Mentoring Programme.

Teach for Nigeria is a non-profit organization committed to developing leaders and promoting educational development across the nation by recruiting graduates and professionals to teach in under-served schools as full-time teachers.

FBNQuest partnered with TFN on its Incubation Hub Pitch Contest, a 3-month Incubation Programme that provides TFN alumni a unique opportunity to accelerate growth through their social impact projects. The Incubation Hub is designed to equip participants with the practical knowledge required to build and sustain their enterprise.

This is delivered through an intensive training workshop, access to post-program support, mentoring and an opportunity to pitch for seed funding for their enterprise. The Bookaclan Literacy and No Box Initiatives emerged as winners of the contest and were given seed funding to scale their projects in 2021.

Commenting on the Incubation Hub Programme, Folawe Omikunle, CEO, Teach for Nigeria stated “We are on a mission to address educational inequality in Nigeria. We believe that equipping our alumni with the skills and knowledge to start and scale their initiatives will bring us closer to our vision of educating all children in Nigeria”.

Employees of FBNQuest also volunteered to mentor TFN Fellows in the area of professional development as they transition from the Fellowship programme, as well as support them to implement their social impact project themed Be the Change Projects in their placement schools.

Commenting on the partnership with Teach for Nigeria, Lolade Sasore, Head, People & Knowledge Engagement at  FBNQuest stated “We recognise the role education plays as a catalyst for growth and development, and we remain committed to equipping our youth with the right skills to excel.

“Through this and other partnerships, we hope to provide access to more opportunities for young leaders to actively contribute to building a stable economy.” she added.

FBNQuest continues to demonstrate its commitment to supporting and enabling education in Nigeria through its various education investment products designed to secure the future of young adults.

Some of the products include the FBN Education Endowment Plan and the Children Education Trust. FBNQuest also participates in various knowledge and skills development initiatives, as well as people empowerment and financial literacy initiatives to build future leaders.


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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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.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

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.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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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.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

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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