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Ford, McArthur Foundations Raise $5M for Nigeria Youth Futures Fund

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The Ford Foundation and MacArthur Foundation, have launched Nigeria Youth Futures Fund (NYFF), a new $5,000,000 fund that will support and strengthen the youth leadership ecosystem in Nigeria.

In close partnership with LEAP Africa, who will be managing the fund, NYFF will build on momentum in the region inspired by the youth-led #EndSARS movement.

Young people under the age of 30 comprise more than 70 percent of Nigeria’s population, with projections that this figure will continue to grow over the next few decades.

Given the significant number of youth, researchers have suggested that the future progress of Nigeria is based upon the extent to which young people are educated, skilled, healthy, and active in civic and political processes, including their involvement in the formation of long-term development strategies.

“We’re excited about this launch because over the last decade, several analyses have shown that there is likely to be a great return on investment in youth across the economic, social, political, and technological domains of Nigeria’s development,” said Dabesaki Mac-Ikemenjima, programme officer in the office of West Africa, Ford Foundation.

“I believe that the fund is a critical part of efforts to empower youth, enhance their leadership capabilities, expand opportunities for them to be engaged in national development, and facilitate a proactive and constructive relationship between the youth and governments across Nigeria.”

NYFF is a five-year collaborative fund seeded by $3,000,000 from the Ford Foundation and $2,000,000 from the MacArthur Foundation to facilitate young people’s leadership and civic engagement in Nigeria, with the goal of raising $15,000,000 from additional partners and other foundations.

“Today’s youth embody the hope and promise of a thriving Nigeria that will lead the African continent for generations to come,” said Kole Shettima, MacArthur Foundation, programme co-director and director of the Nigeria office.

“There is no better time to invest in the civic engagement and participation of our young people, and the Nigeria Youth Futures Fund will sustain their work locally and amplify their voices in the halls of power.”

Building on the momentum gained from the youth-led #EndSARS protests against police brutality in 2020 and social movements over the last decade, NYFF will:

  • Convene an Imaginative Futures Working Group of young people ages 35 and below at the national and state levels to explore and discuss visions, challenges, and opportunities for Nigeria in 2025, 2030, and 2050 as part of official government vision strategy efforts;
  • Support hubs of innovation to advance the development of ideas including economic, civic, and social enterprises by and for young people;
  • Create a fund that will provide small- to medium-sized action grants for young activists and anchor organisations at national and sub-national levels; and
  • Enable young people to take advantage of social and economic opportunities provided by governments and international agencies through an online portal.

Leadership, Effectiveness, Accountability & Professionalism (LEAP) Africa, which will manage and operate the fund, is a youth-focused leadership development nonprofit with a mission to inspire, empower, and equip a new cadre of leaders with skills and tools for personal, organisational, and community transformation.

Its youth interventions bridge gaps in effective leadership, education, employability, and entrepreneurship, and awaken civic participation in citizens to demand good governance and creatively address social issues across the continent.

“Young people hold a world of promise and it is strategically imperative that a country like Nigeria has leaders ensuring the delivery or actualisation of this promise. Our role in youth development is creating platforms, opportunities, and room to ensure that young people and their agencies are well supported. Amidst the numerous challenges that the Nigeria youth ecosystem has faced—especially in the wake of the pandemic, we remain committed to advancing the inclusion of youth voice, abilities, and agency,” said Femi Taiwo, executive director of LEAP Africa.

“We are leveraging our 19 years of experience working with Nigerian youth and our multi-sectoral convening power, to build a stronger and more resilient youth ecosystem that will decisively contribute to the long-term development plans of Nigeria.”

“It is important for young people to realize they have a powerful voice. As a vibrant group, youth have the power to unite, harness their potentials, and stir positive change,” said Sarah Egbo, policy support lead, Gender Mobile Initiative.

“The Nigeria Youth Futures Fund comes at an opportune time for young people because in order to hone the skills and knowledge of young people for effective participation, decision-making, and co-creation of knowledge in diverse spaces, there is a need for nuanced capacity building sessions and interventions aimed at fortifying young leaders for sustainable development.”

To kick off the engagement of youth, NYFF will launch an online competition to encourage young people to design the logo for the new Nigeria Youth Futures Fund.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Airtel Boosts NIPR Public Relations Week with Onsite Unlimited Data Connection

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Telecommunications service provider, Airtel Nigeria has collaborated with the Nigeria Institute of Public Relations (NIPR) to provide with unlimited internet access at the institute’s inaugural edition of the Nigeria Public Relations Week.

The trailblazing event themed ‘Leveraging Public Relations as a Critical Asset for Nigeria’s Economic and Reputation Renaissance’ is set to run from Monday, April 22nd to Friday, April 26th, 2024, and will welcome thousands of delegates across Nigeria to the prestigious June 12 Cultural Centre, nestled in the heart of Abeokuta, the Ogun State capital.

Speaking on the strategic collaboration, Femi Adeniran, Director, Corporate Communications and CSR, Airtel Nigeria, expressed enthusiasm about the partnership, stating, “Airtel is proud to support the Nigeria Institute of Public Relations in its endeavor to advance the field of public relations.

“The relevance of public relations practice in Nigeria cannot be overstated, as it plays a vital role in shaping perceptions, managing reputations, and influencing public opinion. Hence, our support is a demonstration of our commitment to empowering individuals and organizations with innovative solutions that drive progress and create an enabling society.”

According to NIPR, through the PRWeek Organizing \Committee Chairman, Mr Yomi Badejo Okusanya, the NPRW will gather over 2,000 experts in the fields of economics, PR, and nation-building to discuss strategies for effectively communicating government policies and initiatives to the public.

Other activities at the NPRW will include conferences, the annual general meeting, workshops, induction of new members, breakout sessions with students as well as traditional rulers and a tour of some legacy projects in Ogun state.

With Airtel’s provision of onsite unlimited data connection, attendees and participants can enjoy unparalleled access to online resources, real-time updates, and interactive engagements throughout the duration of the event. This will significantly support the exchange of ideas, foster networking opportunities, and elevate the overall experience for all stakeholders involved.

Airtel Nigeria remains committed to offering unwavering support for initiatives aimed at driving innovation, collaboration, and nation-building.


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World Earth Day: Kuda Partners with Wecyclers to Clean up Communities in Lagos

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In a landmark partnership aimed at promoting sustainable waste management practices, Kuda Microfinance Bank and Wecyclers collaborated to commemorate World Earth Day on April 22, 2024. The collaboration featured a series of impactful activities designed to raise awareness and foster environmental stewardship.

The activities on the day included a webinar session facilitated by renowned expert in environmental management and head of ESG at Wecyclers, Omobolanle Olowu, during which she shared startling data on plastic pollution in Nigeria. She also discussed the importance of proper waste management and its significance in preserving the planet for future generations, providing valuable insights and practical tips on reducing, reusing, and recycling waste.

In a published study on plastic pollution in Nigeria, the country ranked ninth globally for plastic pollution with an estimated 2.5 million tons of plastic waste generated annually and less than 12% of those waste materials recycled.

Also on the day, Kuda staff volunteered for an environmental cleanup exercise, during which they took to parts of Apapa Road, Ebute Metta to empty gutters and collect plastics and other recyclable materials for recycling.

In addition, volunteers from Kuda gained firsthand knowledge of innovative waste management solutions during a guided tour of Wecyclers’ facility in Ebute Metta. The tour showcased Wecyclers’ pioneering efforts in recycling and waste upcycling, demonstrating how technology can be leveraged to address environmental challenges effectively.

Speaking about the collaboration, Emmanuel Femi-Adejobi, Senior Brand Manager at Kuda, expressed enthusiasm for the partnership’s potential to drive positive change. “We [Kuda] are committed to promoting sustainability and environmental consciousness. We also believe that our responsibility is not only to our customers and other stakeholders but also the environment that we all share. Partnering with Wecyclers allows us to inspire communities to adopt eco-friendly practices,” he said.

“Our initiatives towards achieving a sustainable environment and achieving a green earth goes beyond just recycling. We aim to inspire a broader commitment to waste minimization, reusing materials and proper sustainable waste management. As we commemorate World Earth Day, we encourage our staff, customers and general public as a whole to embrace actions that promote a green, safe earth for all,” he added.

Likewise, Esther Chibueyin Fagbo, Head, Human Resources and Partnerships at Wecyclers, emphasised the importance of collective action in addressing environmental issues. “It is very important for organisations to collaborate on initiatives that help save the environment. We are excited about this partnership because such partnerships are crucial to creating awareness and educating people about the impact of plastic waste on the planet and how they can contribute to a change that we all deserve.”

Kuda’s collaboration with Wecyclers emphasises its commitment to sustainability and championing proactive efforts through education, engagement and action to create an environmentally conscious population and a sustainable tomorrow.


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Defending the Foundations for Connectivity

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By Engr. Gbenga Adebayo

In 2001, when the first GSM call was made in Nigeria, how many of us would have envisaged the digital world that we live in today?

Defending the Foundations for Connectivity

Gbenga Adebay, chairman, ALTON

The pace of growth and the rate of adoption of telecoms solutions in Nigeria has been revolutionary. It is a globally acknowledged case study that we should be proud of and a clear demonstration of what can be achieved.

Almost all of us today are reliant on the network connectivity that it has enabled in different shapes and forms. From the simple need to communicate with loved ones, to the digital platforms that enable our access to and consumption of entertainment, financial products and other critical services.

Our reliance on these systems is becoming more and more acute, whether it is citizens, governments, or corporations.

System downtime is increasingly disruptive and offline manual redundancies are often in the advanced stages of being phased out. The pace of this transition is not slowing down. With the core infrastructure in place, innovation is driving the exponential growth of services that ride on it. From the fully adopted social media that has changed the way we interact, to the emerging Artificial Intelligence (AI) revolution.

While this innovation is enabling exciting new possibilities, there is a tendency to focus on those opportunities, to the detriment of the core infrastructure on which it rides.

It is imperative that we retain a focus on the optimisation of that infrastructure and enable continued investment in its development.

We have seen how the transition from 2G, through to 3G, 4G and 5G have each enabled the development of more and more sophisticated solutions.

The continued development of core infrastructure has to be sustainable, and over the last few months we have begun to see the challenges that the operators that provide it are facing.

Both MTN and Airtel have declared significant foreign exchange (FX) losses in Nigeria, and the stress is not linked to them alone.

The entire ecosystem is battling with a range of challenges that must be addressed. If we fail to do so, the downstream impact on innovation will be severe. Telecoms infrastructure requires a base level of investment to maintain its current capabilities, and significant additional investment to expand and grow. It is capital intensive and that capital has to be generated through sustainable business models.

At the heart of the challenge the industry faces is the issue of rising costs.

Recent financial losses are directly linked to the cost of operating towers that rely on inputs like diesel, which have increased significantly as the Naira has depreciated.

The provisions large telecom companies have had to make, and the consequent losses and impact on their reserves is a red flag.

It tells us that business as usual is not sustainable. If we continue as we are, then those companies will struggle to continue to invest in and maintain existing services.

But those costs are not the only challenge. General cost inflation, multiple taxation, regular and damaging vandalisation of infrastructure and the costs associated with regulatory compliance all help contribute to the high cost of operations.

We cannot continue to follow a path that asks those companies to simply accept those rising costs. It is no longer sustainable, and we have reached an inflection point.

This is a critical moment for the industry.

How we approach and resolve it will define the future of Nigeria’s digital economy.

If you want to be able to enjoy the benefits that digitisation brings. If we want the infrastructure that enables AI and helps us drive growth, then we must take action now.

Cost-reflective tariffs, like it or not, are simply non-negotiable. We have seen the impact of price controls in other segments of the economy, like power.

If providers cannot operate sustainable business models, then they stop investing. When that happens, the existing infrastructure starts to crumble.

For power, a consumer can choose to take ownership of the solution by buying a generator, or a solar panel.

For fuel, the government can step in as the provider of last resort and manage a subsidy regime that mitigates the impact on the population. Those options are not available in the telecoms sector. There is no self-help solution.

We fully understand and appreciate the financial stress that Nigerians are experiencing today. The cost of living is the single most significant factor in most people’s daily lives.

But those people are still able to enjoy the benefits that connectivity brings, at the price they paid before these challenges became so acute.

Imagine a future in which the gains of the last twenty years are reversed. Nigeria, and Nigerians simply cannot afford it. The pain that we would feel under those circumstances would be exponentially worse.

We need to find a long-term, sustainable and manageable solution to this problem. Prices will need to rise, but action needs to be taken in a measured way, through sustainable conversations and partnership with the government. It is time to address this head on.

 

Engr. Gbenga Adebayo is chairman, Association of Licensed Telecom Operators of Nigeria (ALTON).


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