News
Wema Bank Partners NYSC to Launch Nationwide Youth Empowerment Initiative
Wema Bank has joined forces with the National Youth Service Corps (NYSC) to launch the NYSC-ALAT Accelerator Programme.
The bank said the strategic partnership would enable smooth and profitable entry into the labour market for young Nigerians through the NYSC.
The NYSC-ALAT Accelerator Programme is an initiative targeted at equipping youth under the NYSC, with resources for skill acquisition, job acquisition and career development, to reduce unemployment and underemployment rates, thereby stimulating economic performance and national development.
The pioneering programme will empower NYSC members with grants and funding to help them build sustainable streams of income, and provide cutting-edge digital training in areas such as design thinking, artificial intelligence, programming languages, and content creation, in collaboration with Microsoft.
Participants will also access mentorship opportunities and undergo a business plan competition to not only help them curate the perfect business plan but also substantially reward the best ideas that foster entrepreneurship and job creation; additionally providing loans for all participants.
Speaking on the partnership, Mr. Tunde Mabawonku, Wema Bank’s Executive Director of Retail and Digital, said: “Wema Bank, with 79 years of financial inclusion, is committed to empowering lives through innovation.
“This partnership with NYSC is a platform for the growth and development of Nigerian youths, intertwining digital technology with daily life and driving economic growth. Our vision is to provide the youth with tools that will accompany them beyond their service year, shaping their career and adult life.”
On his part, Mr. Ayodele Folorunsho Omotade, Director-General of NYSC, representing the expressed gratitude to Wema Bank for their support and commitment to driving the programme.
“This MOU signifies our combined efforts towards wealth creation and the economic advancement of Nigerian youth. With Wema Bank’s support, we look forward to opening up career opportunities for our members and contributing to the development of a digitally skilled workforce”, he said.
The NYSC-ALAT Accelerator Programme has been fully set in motion across NYSC Camps nationwide. All Corps members are eligible to join the programme and access its unique benefits.
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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