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Leo Stan Foundation Taps Emelonye as DG, to Manage N1.5Bn Revolving Loan Project

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Leo Stan Ekeh, chairman, Leo Stan Ekeh Foundation (LSF), has appointed Engr. Amasike Emelonye as director general (DG) to head a team set up to manage the N1.5bn revolving loan scheme for entrepreneurs and indigent students in Imo State.

 

Ekeh had announced a three-year revolving interest free loan of N1b over the next 10 years to petty traders and small and medium businesses in Imo State on August 28, 2019. T

 Leo Stan Ekeh

he intervention, he revealed, is to reduce hardship, stimulate business activities and give hope to majority of the people in the state.

 

Further, Ekeh launched an educational support project for indigent but intelligent students of the state to enable them acquire proper university education.

 

For this, Ekeh set up a non-interest revolving loan scheme of N500m which shall stretch over the next 10 years to help others benefit from the scheme.

 

Emelonye, a first class British trained technology guru was the pioneer managing director of Zinox Technologies, one of the companies founded by Ekeh. Educated in the United Kingdom with multiple degrees and professional certifications, Emelonye is a thoroughbred ICT professional.

 

He led the Zinox team that designed the INEC electronic voter register system and co-developed the INEC SmartCard Reader and PVC system, amongst several other notable national and state projects.

 

A renewable energy and biometric solutions consultant to several Agencies, Emelonye is a tech guru who has led major ICT infrastructural developments.

Engr. Amasike Emelonye

He hails from Ideato South Local Government of Imo State and is happily married with a lovely wife and two brilliant children.

 

Ekeh disclosed that Emelonye was appointed based on his solid pedigree.

 

Furthermore, he affirmed that the platform for the N1.5bn loan scheme will be digitally-driven and with less human interface to avoid manipulations and compromises.

 

As a result, Emelonye’s industry experience will come in handy. In addition, he informed that other members of the management team will be unveiled soon.

 

Ekeh, who was reluctant to go further, when asked, disclosed that he is a product of a trust economy.

 

He added that he has done business in the last 37 years based on trust and not by pledging his assets based on collateral.

 

“The biggest collateral you can have today is your integrity. You cannot build a multinational company based on pledging your assets. So, I am giving a chance to others in this regard, even though it is a huge risk. If this works, it will help a lot of needy entrepreneurs and indigent children acquire quality education and challenge the status quo or what I call wealth disruption in the 3rd world.

 

“This is not a political-oriented programme and, as such, politicians are barred from participation.  It is also not a showbiz. Therefore, I urge the media to see themselves as partners in progress and only focus on sharing relevant information pertaining to the scheme.”

 

On the likely commencement of the scheme, Ekeh revealed that the project will take off before September ending.

 

“The first set of beneficiaries, about 1400, will take off before the end of September while we build remote technology to on-board the next batch. At the moment, our tech guys are working on the back-end. We want to limit human interference by at least 90% and instead, drive the project through technology,” he said.

 

Ekeh, who was met on arrival from a closing ceremony of a summer re-training exercise for teachers in his local government, Ubomiri in Mbaitoli Local Government which he funds every year, was quizzed as to whether the beneficiaries of the loan scheme will be able to repay the investment.

 

“Well, with human beings, you have to take a risk. The human capital in Imo State is very strong. I have no doubts about that. However, the infrastructural readiness of the state is a bigger problem. From what I have seen, Imo State is in a pitiable state and only God can save the state from its current level of infrastructural decay.

 

“The young Governor I can see is almost desperate to change the Imo story. You visit Imo and leave very depressed. It is really unfortunate.”

 

The serial digital entrepreneur who decried the sorry state of infrastructure in the State, further called on other well-meaning Imo indigenes to rise to the challenge.

 

“I plead with other indigenes of the state to contribute no matter how small to enhance the profile of their respective kindred. It will count,” he concluded.

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Digital Economy is Most Promising – Obaseki

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Mr Godwin Obaseki, governor, Edo State, has called for the adoption of smart Information and Communications Technology tools and solutions as an alternative to oil in diversifying the Nigerian economy.

Digital Economy is Most Promising – Obaseki

Mr Godwin Obaseki

He warned that the country would not develop if the bulk of the savings remained tied to buying foreign exchange for importation.

The governor spoke at the Edo State Annual Banker’s Dinner held in Benin City, according to a statement by the state government.

He said, the growth of the digital economy was vital in providing the ICT-driven solutions to everyday problems.

Obaseki added that the sector was the most potent in mobilising other sectors to align with the Economic Recovery and Growth Plan of the Federal Government.

He said for Nigeria to develop, the citizens must utilise deposits and savings effectively to drive growth and advancement.

“Nobody will bring their savings here as capital for your development; we have to do it ourselves,” Obaseki said.

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EdTech Sector to Witness Radical Disruptions in 2020, says Wowbii CEO

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Mrs Terae Onyeje, the Co-Founder and Chief Executive Officer of Wowbii Interactive, has said that 2020 will witness continued technology disruption in the Enterprise space, and even more so in EdTech .

According to Wowbii Interactive CEO, the EdTech landscape is bringing radical transformation to the traditional models of learning. “In Nigeria, we are seeing a more aggressive push towards the emergence of a digital economy, which will lift the impetus for educational institutions, enterprises, policy formulators and decision makers to explore technologies that will transform learning”, Mrs Onyeje says.

Nigeria, which is not left out of the wave of digitisation sweeping across the global economy, has taken the major initiative to rename the Federal Ministry of Communications to Federal Ministry of Communications and Digital Economy, to underscore the strategic vision towards a knowledge-based economy, according to Wowbii Interactive CEO.

According to her, “these initiatives will directly impact the EdTech sector and will see policy makers and the whole ecosystem of gatekeepers to knowledge radically refocusing a range of technologies to support learning and teaching.”

Mrs Onyeje made the announcement in Lagos in the Wowbii Interactive CEO EdTech Outlook for 2020, explaining the previous years have witnessed the rising awareness, refocusing and deployment of EdTech solutions across public and private institutions.

WOWBII Interactive is Africa’s first original equipment manufacturer (OEM) of interactive flat panels (IFPD). With a mission to ‘transform the way Africa works and learns’, Wowbii delivers application bundles on their IFPDs in the enterprise and education to achieve end-to-end 21st century communications solutions.

“To give Africa her pride of place at the forefront of learning technology, Wowbii is enabling Educators and Learners leapfrog to the fore of global learning best practice. We are delivering an explosive combination of lifelong learning by layering interactive learning applications and curricula using the native tool of the youth (tap n swipe hardware).

‘Our front-of-classroom devices and all-in-one desktops give educators creative options to manage learning areas; completing the robust interactive experience.

“Today, we are proudly motivating learners to deliver improved outcomes; empowering educators with immersive experiences that make them love teaching again and enabling institutions transform the education ecosystem”, according Wowbii Interactive CEO.

According to her, “to effectively deliver 21 st Century learning, the interactive learning experience we offer must reach the schools in the lower income bracket, where about 80 per cent of the Nigeria’s learners are.

We are therefore really excited about our new solution that brings affordable interactivity to the classroom – reinforcing our success in offering open, futuristic technology that connect legacy learning technologies. We plan to announce the new addition to our stable of solutions this quarter.”

Mrs Onyeje adds that increased workplace mobility is leading to the redesign of today’s enterprise workspaces. As the Enterprise seek expansion of legacy unified communications solutions, affordability, effortless legacy systems compatibility and ease-of-use are premium requirements.

She further explains that, “in the Enterprise, we are transforming business workspaces to 21st Century environments; creating immersive engagements by seamlessly connecting our technology to legacy Unified Communications systems.

Easy-to-use technology that delivers phenomenal collaboration and communication options for the modern business are some of the reasons why large enterprise businesses prefer the Wowbii experience.

“MTN, Nigeria’s largest telecoms company, was an early tech adopter as they were keen to test the Wowbudd at a showcase in 2017. A first unit was purchased for an executive boardroom. Fully satisfied with functionality and performance, MTN expanded their footprint the following year by equipping executive meeting rooms and offices with the updated solution. In 2019, they updated major offices across the country with the Wowbudd.”

According to key infrastructure users, “Prior to the deployment of Wowbii solution, we needed the help of IT Personnel support meetings that required the use of technology but now, everyone is able to initiate meetings with ease.”

Today, MTN staff “can seamlessly collaborate across locations via video with crisp sound quality, sharing multimedia content with ease”. The solution also allows us to analyze data with remote staff fully engaged with high quality video. Wowbii’s Interactive Telepresence comes to life with the large 4k screens.”

She adds that in education, major learning transformations are underway in Charles Dales School, Port Harcourt and Greensprings School, Lagos. Greensprings, a forerunner private school with three campuses catering to Primary and Secondary, has deployed Wowbii education solutions to their Ikoyi Campus.”

According to her, “with projectors going end of life, the transition to interactive flat panel displays is an inevitable transition education stakeholders worry about. Greensprings, The Thinking School, was an early adopter – familiar with typical challenges technology may come with the infusion of technology, Greensprings was cautious in making the 21 st Century classroom adoption. Key pain points the school needed to address was content, classroom management, hardware reliability and support. Beginning with the Ikoyi Campus in 2018, Wowbii actively engaged tutors to drive adoption.

“As a tech-savvy school, the users were very excited to use technology that enhanced their school ethos. Using the train-the-trainer method because the Wowbudds were not installed across campus, all teachers were converts in less than 12 months.

The interactive applications are changing the way the children respond to teaching and learning. It is a joy to see how well Greenspring has layered interactive technologies on their blended curriculum. Today, our learning solutions are across Greenspring Schools campuses in Lekki, Anthony and Ikoyi” according to Mrs Onyeje.

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MTV Base Features 2Baba on The Second Episode Of Behind The Story Season II 

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The second episode of the MTV Base Behind The Story season II will air on Tuesday, 28th of January and will see the host, Sammy Walsh delve into the personal life of the legendary Innocent Idibia, popularly known as 2baba.

 

In the episode, Sammy Walsh will dig into the superstar’s past and present, discover what makes him tick and how he has been able to overcome the various challenges he has encountered over the years.

 

 

2Baba will be sharing deep insight about his past, his struggles with how his personal life has been heavily scrutinized and criticized by the public, as well as a couple of other never-before-shared truths.

 

 

Speaking on what the last decade was like for him, the legend said, “It wasn’t easy. Some people focused on my belle matter more than they did on me, there was so much negative press and negative representation of me. I had to re-convince people that I’m more than that.”

 

 

Last week, Teni the Entertainer was on Behind The Story being very candid about her experience so far in the limelight and the challenges that have come with it.

 

 

This season of Behind The Story promises to be insightful and entertaining with the biggest acts in Nigeria sharing some of their deepest truths.

 

MTV Base Behind The Story season 2 continues Tuesday, January 28, 2020 on MTV Base channel 322 on DStv and channel 72 on GOtv.

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