News
NITRA 3rd Quarter Forum to Focus on Digital Payment
The Nigeria Information Technology Reporters Association (NITRA) Third Quarter Forum will focus on Digital Payment as Central Bank of Nigeria and money deposit banks aim at financially inclusive Nigeria.
Meanwhile, stakeholders in the Banking, ICT and FinTech sectors of the Nigerian economy have continued to throw their weight behind the event.
The latest to confirm his support for the programme is Mr. Austin Okere, Founder/Vice Chairman of Computer Warehouse Group (CWG) Plc, who has accepted to chair the one-day event.
In a personally signed terse email dated August 14, 2017, and addressed to NITRA, Mr. Okere said: “Thank you for the invitation to chair this event. I am honoured and pleased to accept. I trust I shall be receiving more information in due course.”
Digital disruption is changing how traditional banking services, payments, and remittances are now offered in the digital economy. Almost all sectors of financial services including payments, money transfers, banking and more are being re-imagined by non-traditional providers and FinTechs, while the traditional incumbent providers are reinventing themselves very quickly to understand better, the puzzle presented by FinTech and how they can leverage on the digital movement.
The Nigeria Information Technology Reporters Association (NITRA), an umbrella body for journalists reporting information and communications technology in Nigeria is organising the third edition of its quarterly forum entitled “Digital Payment: Prospects and Challenges of a Financially Inclusive Nigeria.”
The event which holds on September 29, 2017 at Eko Hotels, Victoria Island, Lagos, will not only highlight the challenges and opportunities in the FinTech space in Nigeria, but will also provide knowledge and networking platform that will bring the Nigeria Fintech industry at par with its counterparts across the globe.
The event also offers the Banking, ICT and FinTech industries an excellent opportunity to showcase some of their achievements before the largest gathering of the sectors players under one roof. It affords them the opportunity to share their contributions to Digital Payments as well as efforts towards actualizing financial inclusion in the country.
Okere is Founder of CWG Plc and served as its Chief Executive Officer and Managing Director.
He has been Vice Chairman of Computer Warehouse Group Plc since June 2015 and also its Director.
He serves as a member of the World Economic Forum Business Council on Innovation and Intrapreneurship.
He serves on the Board of the National Competiveness Council of Nigeria and Initiative for Global Development, a Washington based nonprofit organization that drives poverty reduction by catalyzing business growth and investment in the developing world.
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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