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TGNYES 2017 Exposes Youths to Business Opportunities, Others Receive IT Training

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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.

 

 


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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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Transcorp Power Reports N67.86Bn Revenue

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Transcorp Power Plc, also known as Transcorp Power, reported N67.86 billion in revenue for the quarter that concluded on March 31, 2024, on Friday.

Transcorp Power Reports N67.86Bn Revenue

Peter Ikenga

The amount represents a notable 223 percent increase from the N21.04 billion reported in the first quarter of 2023.

This was disclosed in the electricity generating company’s unaudited financial report, which was made available in Lagos, for the period ending March 31.

Transcorp Power reported that its Profit Before Tax (PBT) increased to N28.77 billion in the first quarter of 2024 from N3.29 billion in the same period the previous year, a 775 percent increase.

In the first quarter of 2024, the company’s Profit After Tax (PAT) increased by 665% year over year to N20.1 billion, from N2.6 billion in the same period the previous year.

The total assets of the electricity-generating subsidiary increased as well, rising from N223.3 billion in the same period of 2023 to N276.2 billion in the first quarter of 2024.

Mr. Evans Okpogoro, chief fnancial officer, Transcorp Power, commented on the financial highlights, stating that the company’s first quarter results for this year showed a cost to income ratio of 70% and a gross margin of 51%.

According to Okpogoro, the company also reported a gross margin of 37%, an expense-to-income ratio of 87%, a net profit margin of 13%, and a net profit margin of 30% as of the first quarter of 2023.

He stated that this highlighted the remarkable operational efficiency gains of the company.

According to him, Transcorp Power has continued to grow its revenue aggressively and consistently over the last five years.

“We expect that by the end of the year 2024, we will see a similar growth trajectory recorded between 2022 and 2023 financial year.

Also, Mr Peter Ikenga, managing director/chief executive officer (CEO), Transcorp Power, expressed the company’s delight to report further robust financial performance, despite sectoral challenges such as gas supply issues and macroeconomic challenges.

Ikenga said the ability of the electricity subsidiary to sustain growth amidst the environment shows the resilience of its business model and the efficient execution of its strategic initiatives.

As part of the Transcorp Group’s implementation of its integrated power strategy, the managing director went on to say that the company’s strong performance is evidence of its strategic focus and effective execution.

Strategically investing in the power, hospitality, and energy sectors, Transcorp Power Plc is an electricity-generating subsidiary of Transnational Corporation Plc (Transcorp Group), one of Africa’s top listed companies.


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PIN, Pan-Atlantic University Partner to Empower Journalists with Digital Rights and Inclusion Knowledge and Skills

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Paradigm Initiative (PIN) and the School of Media and Communication, Pan-Atlantic University (SMC, PAU) have sealed a partnership aimed at increasing knowledge and skills in reporting and responding to digital rights and inclusion issues in Africa.

This collaborative effort is aimed at equipping journalists with the expertise needed to effectively document and report on digital rights violations and advocate for inclusive digital spaces across Africa.

The partnership is part of PIN’s Digital Rights and Inclusion Media Programme (DRIMP) which encompasses media fellowships run collaboratively with academic institutions and sector experts. Through the programme, PIN partners with academic institutions and key digital rights experts to deliver capacity-building training sessions to early-career media practitioners and media students. DRIMP exposes relevant programme fellows to digital rights and inclusion, enhancing their ability to report and respond to any violations that may arise.

“Building a strong network of informed advocates and reporters is crucial for promoting and protecting digital rights in Africa and this collaboration marks a defining moment for the documentation of digital rights developments within Africa,” said Bridgette Ndlovu, PIN’s Partnerships and Engagements Officer. “Through this partnership with the School of Media and Communication, Pan-Atlantic University, we will empower media students to hold governments and the private sector accountable for upholding digital rights standards,” she said.

Commenting on behalf of SMC, PAU, Senior Lecturer at the School of Media and Communication, Dr. Nwachukwu Egbunike highlighted that the partnership is in line with SMC’s commitment to providing industry relevant skill sets to her students. The partnership will foster experiential learning, which is one of the cardinal teaching objectives of Pan-Atlantic University, Lagos. .

“We are excited to partner with Paradigm Initiative. Equipping media students with the knowledge and skills to report on digital rights issues is essential for building a more just and equitable digital space in Africa,” Dr. Egbunike added.

The collaboration comes at a time when rapid digitalisation and adoption of digital policies is gaining traction in Africa. Through the partnership, PIN will provide technical facilitation on digital rights topics which include: Surveillance, data privacy and digital legislation in Nigeria and Africa. Media students at Pan-Atlantic University will publish research papers on digital rights and inclusion. PIN will also offer internship opportunities to a maximum of two interns to recommended outstanding students who are part of the School of Media and Communication, Pan-Atlantic University programme per cohort. The Internship slots will allow student beneficiaries to learn from and contribute to PIN’s or any of its partners’ work.


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NELFUND Says UTME, NIN, BVN Mandatory for Student Loans

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Nigerian Education Loan Fund (NELFUND) has said that Nigerian students will need to present their Unified Tertiary Matriculation Examination registration number (UTME); National Identification Number (NIN); and Bank Verification Number (BVN) to access student loans.

NELFUND Says UTME, NIN, BVN Mandatory for Student Loans

Mr Akintunde Sawyerr, managing director of NELFUND, assured that the body would ensure that those he called ‘ghost students’ would not have access to the soon-to-be-launched scheme.

The MD noted that NELFUND has put processes in place to ensure that all applicants and beneficiaries are traceable to prevent the loan from turning into a sort of national cake.

“We are using technology to run the system. The process of application is online and we are limiting human contact as much as possible. Once you have a Bank Verification Number, BVN and National Identification Number, NIN, which are parts of the requirements, we will have access to your data and all your accounts. This will also help us to know if you are qualified or not,” he explained.

He explained further that those who are already in school can apply for the loan at any level of their study, but must be at the beginning of each session. They would also have to provide their admission and matriculation details in addition to BVN and NIN.

According to the NELFUND boss, about 1.2 million Nigerian students in tertiary institutions and government-recognized skill acquisition centres would be among the first batch of beneficiaries. The number may increase as time goes on.

The programme, he noted, will be funded with one per cent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS), which will amount to N194 billion if the agency meets its projection.

He explained that the loan would be paid in two segments. The first, he said, is the chargeable school fees which would be paid directly to the institutions while stipend would be paid into individual student’s account for day-to-day upkeep.

Mr. Sawyerr stated that the amount individual applicants will access will vary because of the course of study, school fees payable and geographical location of the institutions among others.

On the method of payback, he said, “You don’t start paying back the loan until two years after your National Youth Service Corps, NYSC Scheme and that is, if you have secured a job or business. A beneficiary can defer repayment if he has not secured a job, but if after due diligence, he defaulted, then he becomes a criminal and we will work with every agency that can help us get the money back, for example, EFCC, ICPC etc.”

 


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