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TGNYES 2017 Exposes Youths to Business Opportunities, Others Receive IT Training
By peter oluka
The Generation Next Youth Empowerment Summit 2017 (TGNYES) has spurred young people to innovate and put on their thinking cap.
The Summit, an initiative of Elbativeni Foundation and Elbativeni Impressions and Consult invested with the Project’s mission to build youth leaders and empower them with right resources, world class speakers, job opportunities, grants, loan facilities, entrepreneurship ideas and available physical gifts and tools to enhance their lives and held in Abuja recently, was attended by notable dignitaries and speakers including, His Excellency, Ambassador Leopoldo Rovayo Verdesoto, of the Embassy of the Federal Republic of Ecuador to Nigeria, and Nigerian Communications Commission’s Executive Vice Chairman’s (EVC) Senior representative, Ms Olawaiye Olasumbo.
Others were: MD of Nanet group, Mr Ini Akpabio; Nigeria’s Former Minister of information, Mr Frank Nweke Jnr.; CEO of Elbativeni Foundation and Elbativeni Impresions and Consult, Ms Destiny Ruth Obiakoeze; CEO of O&S Services, Mr Oba Boniface, CEO of Media Range Ltd, Mr Hassan Abdul; Flex NG’s Mr Kabir Bayo Shittu; Ocean Hill’s Mr Chinonso Opurum; Speaker Arnold Pms Arnold Ayomide Afolayan amongst others.
Nigeria’s former minister of information, Mr Frank Nweke Jr. who was the edition’s “Success Icon” appreciated the team for the vision and seeing themselves as partners in Nigeria’s development emphasized: “I say this because more often than not, we find many people who believe that they have no role to play in national development. So when I meet young people like Destiny and her team who envision this kind of empowerment programmes and it has encouraged others on what must be done; one must duff his hats, one must respect them. So I pay my due respect to them”.
He spurred on participants to ask themselves hard questions and stressed on the need for passion and drive and the desire to push against all odds noting that he had faced challenges over the course of 7 years, implementing an idea that would employ over 15000 people.
The Ambassador of the Republic of Ecuador to Nigeria, H.E Leopoldo R Verdesoto shared varied experiences both as a diplomat, professionally and personally.
According to him, “I have served abroad in three different places, all of them nice from my point of view but they were considered not easy. One of the fact that I carry my career and I am very proud of it is some people didn’t want to go to the places that they had offered me to go but I say okay because for me, it’s a privilege to serve my country and I go! No Wahala on it”.
Nigeria’s Former Minister of information, Mr Frank Nweke Jnr. (m) flanked by CEO of Elbativeni Foundation and Elbativeni Impresions and Consult, Ms Destiny Ruth Obiakoeze; CEO of O&S Services, Mr Oba Boniface, CEO of Media Range Ltd, Mr Hassan Abdul; Flex NG’s Mr Kabir Bayo Shittu; Ocean Hill’s Mr Chinonso Opurum; Speaker Arnold Pms Arnold Ayomide Afolayan
He recounted his diplomatic experiences and the importance of relations to the diaspora citing shared similarities and values of Ecuador and Nigeria including economic.
The Ambassador advised that “youths and young people must be interested in what is going on in their country and their region, their…and make the compromise to go into politics and activism; not to take advantage of managing public funds but to serve their people and their country”.
The Managing Director of Nanet Group and Nanet Hotels, Mr Ini Akpabio, success Icon of the maiden edition and patron of the Summit spoke on “The roles of youths in a united Nigeria”. He raised salient issues of unity stressing that Nigeria had lots of things threatening to divide her.
He noted that the world boasts of youths as Presidents – the 31 year old President of Austria and 39 year old President of France.
He noted that there was need for less discrimination, Full rights of residence in any part of the country, and political and economic emancipation amongst others; mentioning that schemes such as the federal govt colleges, the National Youth Service Corps were great initiatives and were targeted at the unity of the country.
Speaking on some of the take home for youths at the Summit Mr Ini Akpabio said “The Youths are very powerful so the first thing they must do is to recognize their power. The youths don’t know how powerful they are. In exercising their power, they will be able to make changes. The changes I have been advocating are those that can be embedded in our constitution. We should have a percentage set aside…maybe like 25%, and say that at all levels of governance, that 25% must go to the youths; defined as people between the ages of 15 to 35.
Earlier in her welcome address, the CEO of Elbativeni Foundation and Elbativeni Impressions And Consult the hosting organizations of the youth Summit, Ms Destiny Ruth Obiakoeze, explained that the youth Summit was to bring people of different sectors and proffer ideas and actions capable of helping the young people move forward.
She said the idea of the summit remains to fire youths up from the inside to the outside and help them to realize that the things that they want is inside of “them”, that they can make things happen for themselves regardless of the economy, the circumstances of life and that they can do what they want to do to become the leader that they want. She added that the summit was paramount to give hope to youths who did not have hope and give assistance to youths who did not have the right resources to help themselves and empower them with available opportunities.
Nigerian Communication Commission’s Executive Vice Chairman (EVC) who was represented by the Principal Manager in the public affairs department, Ms Olasumbo Olawaiye said that since the youths make up a huge percentage of the telecom consumers ‘the Generation Next Youth Empowerment Summit’ was indeed a great platform to enlighten them on the various telecom issues.
The Commission had earlier in March 2017 flagged off the ‘year of the Telecom Consumer Campaign’ focused on the needs and satisfaction of the Nigerian Telecom Consumer of which part of its purpose is to inform and educate the consumer with the sole intent of protecting and empowering them to make the right decisions and from unfair practices of network operators.
The Commission in its eight point agenda with two being to improve the quality of service and a sixth which is to protect and empower consumers specifically addressed… Key components of the campaign in the year of the Telecom Consumers Include: Creation of great awareness of quality of service; research based fact on electromagnetic field radiation; The do-not-disturb code,2442 and the NCC toll free 622 line.
Noting that information was very important for the youths and users of telecom services to be properly aware in their consumer experiences, she said the, “Do-Not-Disturb code 2442 is a dedicated command short code which will enable consumers to stop unsolicited text messages, including voice and take informed and independent decision of what messages to receive from the network and protect themselves from the nuisance of unsolicited messages and take it as a direct response to the yearning of subscribers.
During the Entrepreneurship session, Mr Oba Boniface who facilitated the session said that the difference between a successful entrepreneurs and the unsuccessful entrepreneurs were their abilities to bring out revenue out of rubbish, see prosperity out of problems, and cash out of crisis.
According to him, there was need for youths to see entrepreneurship as a great option and see the business in problem. They need to see opportunities in problems.
They need to think of how to add value to others and increase their integrity since innovation in a better way to solving people’s problems. They need to be ready to invest in their own businesses and ideas and not just expecting others to invest in them.
The Summit also hosted an innovative mind teaser session hosted by the Technical Director of the Nigerian Scrabble federation, Mr Farouk Babaina.
In a session on Brand Power, the CEO of Media Range Ltd, Mr Hassan Abdul taught that there were series of things that were important to becoming more marketable as personal and business brands and it is indeed important to increase performances in them. Attributes that differentiate individuals and business in the industry must be developed and improved.
Cross section of guests and speakers at the Summit
According Mr Hassan Abdul, Personal branding can accelerate communications strategy, ease career transitions, increases long term career and business objectives as well as expected outcomes.
He spoke on the essence of communications and branding to individuals and business and how to leverage its capacities in life and business.
Mr. Peter Oluka, IT Correspondent with the Nigerian Communications Week coordinated the ‘opportunities Panel‘ with CEO of MicroFlex,-Mr Kabil Shittu; CoFounder of Ocean Hill, Mr Nonso Oprum; Representative of Elbativeni Foundation, Ms Biodun Ogundipe where opportunities for soft loans, Business support services and ICT Training for women were offered participants.
The last session was the Google Digital Skills for Africa session facilitated by the CEO of the hosting company and foundation- Elbativeni Impressions and Consult and Elbativeni Foundation., Ms Destiny Ruth Obiakoeze.
The session highlighted the need for an online presence, the opportunities available through online presence and possible career opportunities that youths could leverage to earn money.
Given Google’s target to train 10 million African’s especially youths, the session explored digitals skills, the need to be digitally savvy and increase the use of technology online and in businesses.
According to Destiny, the future of technology would considerably progress and will continue to be profitable considering the principles of the digital world.
However she noted that youths have incredible opportunities with the advent of technology and the digital world than ever before.
Some of the success stories of the year’s event was achievements of the free admission for participants at the summit, exposure to world class resources, facilitators and speakers including:
Ten (10) Start Up Business winning FREE Business Support services; 20 Ladies selected from participants to attend FREE SIX MONTHS ICT training from February 2018 to July 2018; Soft Loans; Job Opportunities for select participants and Free Summit shirts won by raffle.
According to The Generation Next Youth Empowerment Summit’s Convener, Ms Destiny Ruth Obiakoeze, Now, we are looking forward to 2018.
News
How Moniepoint’s Founders, Tosin Eniolorunda and Felix Ike are Redefining African Tech and Finance
In an era where global tech giants dominate headlines, two Nigerian entrepreneurs are quietly revolutionizing financial services across Africa, proving that world-class innovation can emerge from homegrown talent and local institutions.
Tosin Eniolorunda and Felix Ike, co-founders of Moniepoint Inc, have built one of Africa’s fastest-growing fintech companies, not despite their exclusively Nigerian education, but in many ways, because of it.
Their journey from the lecture halls of Obafemi Awolowo University and the University of Lagos to the TIME100 Most Influential Companies list stands as a powerful testament to the caliber of talent nurtured within Nigerian universities and the transformative potential of locally-rooted vision.
Tosin Eniolorunda’s path exemplifies how Nigerian educational institutions can cultivate entrepreneurial excellence. After earning his degree in Mechanical Engineering from Obafemi Awolowo University, he didn’t follow the well-trodden path abroad but instead chose to build solutions for Nigerian challenges within Nigeria itself. This decision proved prescient.
Understanding the unique financial ecosystem and infrastructure gaps firsthand from the work at TeamApt Ltd where they were building from majority of the country’s banks, Tosin pioneered several industry firsts: introducing instant POS transfers to Nigeria, launching the country’s first virtual account services, and constructing a vertically integrated payments processing switch with full switching and processing licenses.
These feats and technological achievements must be viewed from the prism that these were deeply contextual innovations born from intimate knowledge of local needs, the kind of understanding that comes from being educated and embedded in the communities one serves.
Felix Ike’s contribution complements this vision with technical brilliance equally rooted in Nigerian educational excellence. Graduating with first-class honors in Computer Science from the University of Lagos, Felix brought to Moniepoint the kind of engineering rigor required to build mission-critical financial infrastructure.
As Chief Technology Officer, he has architected systems that are not just functional but scalable, resilient, and secure enough to serve over 10 million businesses and individuals across Nigeria and Africa. His work demonstrates that Nigerian universities are producing software engineering leaders capable of building world-class technology that can compete on the global stage with technology that processes millions of transactions daily and underpins the financial dreams of an entire continent.
Since its founding in 2015, Moniepoint has evolved into Africa’s largest distributor of financial services in Nigeria, with presence across all 774 local government areas. The company’s all-in-one financial ecosystem offering seamless payments, banking, credit, and business management solutions reflects a sophisticated understanding of what African businesses and individuals actually need to thrive.
The accolades have followed: recognition by TIME as one of the 100 Most Influential Companies in 2025, listing among CNBC’s top UK fintech firms, and ranking in the Financial Times’ Africa’s Fastest-Growing Companies for three consecutive years.
The Moniepoint story as an indigenously rooted but globally compliant player challenges prevailing narratives about where innovation must originate and what credentials are necessary for building transformative companies. Tosin and Felix’s success illustrates that Nigerian universities, when their graduates are empowered with vision, opportunity, and determination, can produce founders who don’t just participate in the global economy but reshape it.
Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will automatically serve as the Tax Identification Number (Tax ID) for all Nigerian citizens, while registered businesses will use their Corporate Affairs Commission (CAC) registration numbers.
FIRS
The disclosure was made during a public awareness campaign on the new tax laws posted on X (formerly Twitter) on Monday.
According to the Service, the Nigeria Tax Administration Act (NTAA), which comes into force in January 2026, mandates the use of Tax IDs for certain financial and commercial transactions, including bank account ownership.
FIRS explained that the measure is part of efforts to unify all previously issued Tax Identification Numbers (TINs) by both the federal and state revenue services into a single identifier.
“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used. You do not need a physical card; the Tax ID is a unique number linked directly to your identity,” the Service stated.
The agency noted that the requirement has been in place since the Finance Act of 2019 but has now been strengthened under the NTAA to ensure compliance and ease of administration.
Officials emphasized that the reform would simplify tax processes, reduce duplication, and improve transparency in Nigeria’s tax system.
The Service added that the integration of NIN and CAC numbers into the tax framework would also enhance data accuracy, curb tax evasion, and streamline the monitoring of taxable activities across the country.
Tax experts have described the development as a significant step toward modernizing Nigeria’s revenue administration, noting that it aligns with global best practices where national identity systems are linked to tax compliance.
The FIRS urged Nigerians to ensure that their NINs and CAC registration details are up-to-date, stressing that the identifiers would be required for transactions such as property purchases, contract awards, and access to certain financial services once the NTAA takes effect
The United States will begin a partial suspension of visa issuance to Nigerians from January 1, 2026, following a new presidential proclamation aimed at strengthening border and national security.
The US Mission in Nigeria announced on Monday that the restriction will take effect at 12:01 a.m. Eastern Standard Time in accordance with Presidential Proclamation 10998, titled ‘Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States.’
According to the mission, Nigeria is one of 19 countries affected by the measure.
Others listed are Angola, Antigua and Barbuda, Benin, Burundi, Cote d’Ivoire, Cuba, Dominica, Gabon, The Gambia, Malawi, Mauritania, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia and Zimbabwe.
The proclamation provides for a partial suspension of visa issuance covering nonimmigrant B-1/B-2 visitor visas, as well as F, M and J student and exchange visitor visas.
It also applies to immigrant visas, though with limited exceptions.
The statement read in part, “Effective January 1, 2026, at 12:01 a.m. EST, in line with Presidential Proclamation 10998 on “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States,” the Department of State is partially suspending visa issuance to nationals of 19 countries – Angola, Antigua and Barbuda, Benin, Burundi, Cote D’Ivoire, Cuba, Dominica, Gabon, The Gambia, Malawi, Mauritania, Nigeria, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia, and Zimbabwe – for nonimmigrant B-1/B-2 visitor visas and F, M, J student and exchange visitor visas, and all immigrant visas with limited exceptions.”
US officials clarified that the policy does not apply to all travellers. Exemptions include immigrant visas for ethnic and religious minorities facing persecution in Iran, dual nationals applying with passports from countries not affected by the suspension, and Special Immigrant Visas for eligible US government employees.
Other exempted categories include lawful permanent residents of the United States and participants in certain major international sporting events.
The US government emphasised that the proclamation applies only to foreign nationals who are outside the United States on the effective date and who do not hold a valid US visa as of January 1, 2026.
“Foreign nationals, even those outside the United States, who hold valid visas as of the effective date are not subject to Presidential Proclamation 10998. No visas issued before January 1, 2026, at 12:01 a.m. EST, have been or will be revoked pursuant to the Proclamation,” the statement added.
Visa applicants from affected countries may continue to submit applications and attend interviews. However, the US Mission noted that such applicants “may be ineligible for visa issuance or admission to the US” under the new rules.
The announcement comes amid a series of recent US policy decisions that have raised concerns among Nigerians seeking to travel, study or migrate to the country.
In October, the United States added Nigeria back to its list of countries accused of violating religious freedom, citing persistent insecurity and attacks on Christian communities. This was followed by Nigeria’s inclusion on a revised US travel ban list that imposed partial entry restrictions on Nigerians.
The US has also tightened immigration and visa policies affecting Nigerians. Earlier this year, the validity of most non-immigrant visas issued to Nigerians was reduced to single-entry visas with a three-month duration.
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