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Ehizua Hub drives creative technology school with partnerships

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Ehizua Hub has reiterated its commitment to working with schools to provide creative technology programmes for kids.

In a statement, the Managing Director of Ehizua Hub, Peter Ipemidayo, said creative technology had changed the way people interacted and solved societal challenges. 

He said, “Creativity has been revolutionised with technology, which is the new meaning of innovation. Creative technology ushers in a more integrated and immersive experience in interacting with computers.” 

Ipemidayo explained that creative technology could take the form of multi-sensory experiences recorded using computer graphics, video production, digital cinematography, virtual reality, augmented reality, video editing, software engineering, 3D printing, the Internet of Things, CAD/CAM and wearable technology.

He said, “Our educational system and curriculum have not changed, so Ehizua Hub is working with schools to provide creative technology programmes for kids and prepare them for the future.” 

Continuing, Ipemidayo stated that in a bid to make children ready for the digital world, the company was helping to grow their interest in tech skills and proficiency in creative technology.

This, he said the company does by providing full team support for creative technology programme delivery using Classroom Lab Set Up, Curriculum Design, and Instructor Led Programme.

He stated that learning tech skills was easier when children had hands-on experience with what was being taught using current creative technology programme kits. 

“We equip and train children in digital skills, multimedia skills, and future skills such as coding, game development, web development, app development, animations, graphics design, cinematography, video editing, robotics, drone, AR/VR, and app development,” he said.

According to Ipemidayo, Ehizua Hub also offers training models to suit the convenience, pace and ease of the pupil via its hub, virtual classes, school, boot camps, summer programme and creative club.

“We are excited in successfully delivering creative technology programmes at S-TEE Schools, Corona School Lekki, The Livingsprings Schools, Caleb British International School, Kayron International School, Crane College, and Fundamental High School. 

“Ehizua Hub invites other schools to join its Clients Schools in driving Creative Technology programmes in school to enhance students’ output,” he said. 

As a social enterprise, Ehizua Hub provides equal access to affordable vocational training, quality higher education, fosters innovation and entrepreneurship by bridging financial and digital divides while democratising access to information and knowledge.

W’Africa gets three Oxford scholarship slots from Rhodes Trust

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Rhodes Trust has increased the number of permanent yearly scholarships for West Africa to three, commencing from the 2024 academic session.

Established in 1903, the Rhodes scholarship programme is the oldest and, perhaps, the most prestigious international scholarship in the world. Administered by the Rhodes Trust in Oxford, the programme offers over 100 fully-funded scholarships yearly for postgraduate studies at University of Oxford in the United Kingdom, one of the world’s leading universities.

The Rhodes Scholarship for West Africa was established in 2017 with only one slot. Although two Rhodes scholars were selected that year, it was not until 2020 that the slot was raised to two permanent scholarships yearly, and now three. 

The Chief Executive Officer of Rhodes Trust and Warden of Rhodes House, Elizabeth Kiss, said, “We are delighted to announce that three scholarships will, henceforth, be available yearly for applicants for the Rhodes Scholarships for West Africa. This is particularly cheerful news, given the large pool of applications we receive, despite that this is our youngest constituency, having been established only six years ago.”

Rhodes scholarships are for young leaders of outstanding intellect and character, who are motivated to engage with global challenges and are committed to the service of others. They must show promise of becoming value-driven, principled leaders for the world’s future, wherever their careers might take them, and in any field.  

The criteria for selecting Rhodes scholars are powerful and have remained largely unchanged over the past century, having been drawn directly from the founder’s Will. They include academic excellence (Oxford University is one of the most competitive graduate environments in the world; hence, applicants must meet or exceed the entry requirements of their chosen course, which requires graduating with First Class Honours or a minimum Cumulative Grade Point Average of 3.70 out of 4.00 or equivalent); energy to use their talents to the full (this can be as demonstrated by success in areas such as sports, music, debate, dance, theatre and artistic pursuits, including where teamwork is involved); demonstrating the virtues of truth, courage, devotion to duty, sympathy for and protection of the weak, kindness, selflessness and fellowship; as well as moral force of character and instinct to lead and take interest in their fellow humans.

Additional eligibility criteria for West African applicants are that they must have to be between 18 and 24 years of age by October 1 in the year they apply, and must have lived at least five out of the last 10 years in West Africa. 

Interested applicants, who believe they can meet all these requirements, are invited to apply online at www.rhodeshouse.ox.ac.uk between June 1 and August 28 to stand a chance of winning a fully-funded scholarship to Oxford the following year.

The 2024 application window closed only a few weeks ago with the receipt of 319 completed applications, comprising 144 females and 175 males for the three slots available. With 193, Nigeria has the largest number of applications, followed by Ghana’s 77 and Sierra Leone’s 14. The Gambia and Liberia have eight applications each. Benin Republic, Mali and Senegal got four each. Cote d’Ivoire and Niger Republic two apiece, while Mauritania, Gunea and Togo got one each.

The West African Selection Committee, made up of 15 distinguished individuals from disciplines that cut across banking, finance, law, medicine, architecture, healthcare and academia, has already commenced evaluation of the completed applications and will be concluding its selection of three new Rhodes scholars by mid-November.

The 2024 selection committee members include Prof Maryam Aminu, a Senior Fulbright Scholar and Dean of the Faculty of Life Sciences, Ahmadu Bello University, Zaria, Nigeria; Prof Bello Mukhtar of the Department of Chemical Engineering, ABU; Alexa Fleischer, a consultant with Reindorf Chambers based in Accra, Ghana; and Fatumata Soukouna-Coker, Group Chief Executive, Ygroup Holdings Inc, Monrovia, Liberia.

Also in the committee are Prof Ifeoma Nwaoha of the Department of Food Science and Technology, Faculty of Agriculture, University of Nigeria Nsukka, Enugu State, Nigeria; Prof John Danjuma Mawak, Director of Academic Planning of Karl Kümm University, Vom, Plateau State, Nigeria; Fui Tsikata, Senior Partner at Reindorf Chambers, the Ghanaian affiliate of the international law firm, DLA Piper; Prof Preye Fiebai of the Department of Obstetrics and Gynaecology, University of Port Harcourt, Rivers State, Nigeria; and Kate Onyejekwe, Director of International Division for JSI and JSI Research & Training Institute based in Boston. 

The rest are Dr Abdullateef Bello, CEO of DatStrat Consulting Limited and independent board member, Jaiz Bank, Abuja, Nigeria; Dr Pascal Brenya, Coordinator of the Kufuor Scholars Programme, Accra, Ghana; Dr Innocent Okpanum, founder and director of the architectural practice of Ngonyama Okpanum and Associates, Abuja, Nigeria; Kobby Bentsi-Enchill, Executive Director and Head, Investment Banking, Stanbic Bank, Accra, Ghana; and Sangu Delle, CEO of CarePoint (formerly Africa Health Holdings), Accra, Ghana. 

Members of the selection committee have, over the years, shown diligence, integrity, transparency and professionalism in the selection process.

“These fine women and men have ensured that we have chosen only the best candidates from our applicant pool, which has averaged about 3,000 applications yearly,” according to Ike Chioke, National Secretary for the Rhodes Scholarships for West Africa.

“Kiss, members of the Rhodes House team and, more importantly, benefactors of the Rhodes Scholarships have contributed in diverse ways to making the scholarships increasingly available for deserving West African youths,” Chioke stated. 

The Rhodes Scholarships for West Africa has, so far, awarded 10 scholarships since inception, including the two pioneer scholars, who graduated from Oxford University with PhD in their chosen fields in 2022, six scholars still in residence and two scholars that came up to Oxford this September. 

The scholarship covers all Oxford University fees plus a stipend for two to three years.

The Rhodes Trust sponsors the Rhodes Scholarships, in partnership with the Second Century Founders, John McCall, MacBain O.C., The Atlantic Philanthropies and many other benefactors.

Nigeria still in election mode until judicial process ends, says Oby Ezekwesili

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Other stakeholders berate elections, chart way forward 

Former Minister of Education, Dr. Oby Ezekwesili, has said that the 2023 general elections are not over until the ongoing constitutional judicial process is determined.

Speaking during interview on Africa Independent Television (AIT)  at a forum organised by #FixPolitics Initiative and AIT in Lagos, she said that democracy is the anchor on which citizens determine how they are governed. 

“It becomes very important that the bedrock of democracy, which is elections that are credible, based on fairness and transparency, should matter to all citizens regardless of their political persuasion. To the extent of the 2023 elections, it is very clear, even by the most charitable of people, that the elections were subpar,” she said.

According to her, Nigeria is still in election mode, and to that fact lies this concept of all eyes on the judiciary. 

“Will the judiciary be very competent in the way it decides? Will it be ethical in the way it decides? All of these would matter for the future of our democracy,” she added. 

She said that FixPolitics Initiative has carried on with topical engagement for citizens of this country around our democracy. 

It is citizens that own democracy; without citizens there is absolutely nothing called democracy when you compare it with all the other systems of government,” she said. 

Continuing, she said: “Two things come for me in terms of lessons of the 2023 elections. We do not have a work programme set out for us. We could see clearly that the matter of result management is below standard in our electoral process and we have to use legal instrument to fix this. We must  also fix all the administrative things that are necessary. Technology cannot fail in our own case when technology does work in another jurisdiction”.

Ezekwesili said it was  not proper for Nigeria  to have a candidate sworn into office while judicial petitions are still flying around. 

“It just creates too much instability in the system for a society like ours. So, l believe that as we go forward, the third pillar of our FixPolitics group will focus on mobilising society towards the deepening of reforms that are necessary to build the institutions, nuances, precepts and ethos of democracy. We cannot have pseudo democracy and call it democracy. We do not need properly so-called democracy; we need  a system that will deliver the kinds of competencies, ethics and capabilities necessary to build us into an economically free and progressive society.”

“I wish there were answers in the light of what we see clearly to be a systemic captive by a predatory political class; that is really what everyone has been saying. Though we don’t have the answers, we have some lessons from the past. One of the lessons is that it actually took the work of some people seated here, the ones online and, perhaps, some of the ones that are watching us, to get President Muhammadu Buhari, who was adamant about reforming the electoral system, to sign the bill. You know how long the amendment act, which is simple, something that was just going to advance the quality of elections in our country, lasted in parliament. Our own politicians fought it, for what purpose? One of the best outcomes of this election, for me, was that the Office Of The Citizen (OOTC) came to life,” she added. 

She explained that OOTC is the most important office in the land adding that if the citizen cares about changing society, society would change. 

“That is the only thing we see in every environment; until citizens step up and determine the quality of governance they want, nothing happens. The politicians act like monopoly. Monopolies have no incentives to give you anything of value. The monopoly is a price giver; it dictates the price. The monopoly is a quality giver; it determines the threshold of quality you get. Monopoly swallows the efficiency gains;  it does not pass on value to the consumers. In the case of our politics, the consumers are the citizens.”

Ezekwesili said the last election has revealed that the citizens have power and can use their power collectively. 

“You can see clearly that whereas people want to pretend that what happened in this election has ethnic colouration, you could see the emergence of what the young people call a different tribe. I do not like using the word ‘tribe’. This new different tribe is neither religious nor ethnic; it is simply a tribe of Nigerians, who said enough of poor governance. Poor governance is giving this country the worst outcomes in terms of people’s capacity to do well for themselves”. 

According to her, they are demanding a different Nigeria; a Nigeria that is functional, a Nigeria that respects and rewards efforts; a Nigeria that operates on the basis of equality of opportunity to be the best that you can be. “Democracy is the worst type of government until you price all the others. And so, the gift of working our democracy to a functional level, where it is credible and we have competent, credible and ethical people governing our public spaces, is one that must be done and it requires citizens working collectively”.

Continuing, she said: “I am not going to do anything, but to congratulate the young ones that are powering this tribe; this new tribe of Nigerians, who believe that they deserve better. Now, look at the election tribunal, who do you think is sustaining this information that all of us are getting? We asked for a simple thing: judicial credibility, judicial integrity and judicial transparency, which is the norm these days. We said, open up the Presidential Elections Tribunal, so that citizens can follow the case that is being advanced. The judiciary did not do that. But guess what; there are citizens who go to the court everyday, follow the proceedings and provide information.” 

She said these young ones are not moving on; they are saying to the rest of Nigerians, if you want to move on, move on. But as for us, we are interested, we invested our efforts to vote and that has to be respected all the way. So, l think the first step, we already have it: the nucleus of Nigerians, who think differently about the fact that Nigeria matters to us. I think this idea that Nigeria belongs to slim percentage of politicians is such a misnorma. 

“So, l am so happy that there is an amalgam of Nigerians, North, East, West and South of this country, as well as the centre, that are now building a massive movement of citizens. Now, following all of this in whatever direction it goes is for the same group to sit down and be very analytical about the gaps that exist. They are so intelligent. I believe in the power of young people. They are so smart,” she stated. 

Ezekwesili said : “They will be able to look at each of the barriers that stood in their way of getting to an outcome they would have lived by. I have heard many of them say that if the process of this election was fully complied with and they ended up not working according to what their definition of a win is, that they would have lived with it. So, now that they know that they can plug some of the holes that created this mess. I totally believe that they will win. I am actually more optimistic today than l was about Nigeria years ago.”

According to her, the judiciary has a role to play in this. And it depends on how they get this society to accept that a proper credible adjudication of the final leg of this election has happened either way. That is one. The second part is what we say about the electorate. 

“The electorate must not retreat and permanently leave the space for a monopolistic political class that has not done well. So, the electorate must be reinvigorated and be totally determined to carry forward an agenda, forgetting a Nigeria that is democratically enlightened and able to solve problems that other countries have solved,” she stated.

Asides Ezekwesili, other  Nigerians have berated the exercise, while charting the way forward.

Public Affairs Analyst, Jide Ojo, noted that despite the resources put into the elections under review, which was the seventh in the Fourth Republic, fell short of expectations.

He said, “We had a successful transition. It’s a huge challenge. What happened in 2023 is sub-optimal in terms of the high expectations Nigerians had about what would be the outcome. But as we know, in every human activity, the best of plans could go wrong and the Independent National Electoral Commission would always say this is the best-planned election.

Ojo explained that there are endogenous and exogenous factors that would always impact one way or another on the success of every election. 

On how Nigeria can get it right, he canvassed prompt prosecution of electoral offenders, as a measure of deterring those who may want to engage in electoral offences.

Country Director of ActionAid, Ene Obi, lamented that despite huge funds allocated to INEC, and its declaration of readiness for the exercise, it served Nigerians disappointment.

She said, “INEC was prepared for this election, which is supposed to be technology-driven. We budgeted for it. We asked for the Electoral Act (and got it). Technology was quoted, was budgeted for with suffering Nigerians’ money.

“I tell you, INEC was fully prepared and had the capacity to give Nigerians the best election ever. But what happened? Close to the election, Nigerians suffered financially. No cash. l could not believe, even on the election day, how we had such turnout.”

Obi wondered how a technology that was tested and certified okay in recent off-cycle governorship elections decided to flounder when it was needed most.

Insinuating a plot by the electoral umpire to compromise the exercise, the activist cited the appointment of politicians and card carrying members of political parties into INEC.

“We came up and issued many statements. We protested. Our protest was not against persons, such as Lauretta Onochie, a card-carrying party member. We were trying to protect the integrity of the election. The civil society organisations have a sense of patriotism to Nigerians,” Obi noted.

On the lessons from the election, she said some people won the election without even campaigning, pointing to the fact that Nigerians are tired of career politicians’ rhetorics.

She added, “We are watching the judiciary keenly. Each and everyone of them is writing their history. So, we are not only looking at INEC.” 

Executive Director, Civil Society Legislative Advocacy Centre (CISLAC), Auwal Rafsanjani, saw a mixed bag of fair as well as manipulated elections in the states.

“In some of the elections, especially at the state level, there was some demonstration of fairness. In some other elections, you could see clearly that it was programmed to be what it was. But overall, it is also a huge betrayal of Nigerian people,” he stated.

He appealed to Nigerians not to lose hope, as the country could be fixed.

“For the fact that we are talking and engaging, it is possible to make it uncomfortable for old politicians, whose only motive is to capture power with their self-centred interest to continue to destroy and dehumanise Nigerians using ethnic, religious and geographical sentiments, while people are going to the same market and facing same challenges.

“Young people should channel their energy and anger on this 2023 to reform and rebuild strong movement that will make it impossible for any election rigger to rig them out.”

Another speaker,  Chinenye Mba-Uzoukwu, said that technology deployment was a plus in the election, as it enabled simplification on some of the logistics that were previously handled manually, and transferred a lot of trust to the public.

“I guess some people may have underestimated the implication of having technology in place because the records are there. Now, the records can properly be interrogated without having to depend on any human being.’

He asserted that what is happening at the election tribunals are closing the gaps for election fraud.

Accolades as Obiano, father of modern Anambra, clocks 68

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*Residents extol selflessness, commitment to citizens’ wellbeing

 

Father of modern Anambra State, Chief Willie Obiano, on Tuesday, August 8, 2023, marked his 68th birthday. 

The former Anambra governor is known for building massive infrastructure, funding education, promoting good governance and passion for charity.

While in office as governor from 2014 to 2022, his accomplishments blossomed, impacting many people within and outside the state positively. 

Akpokuedike, as he is fondly called, ranks among the best governors Anambra has produced in the Fourth Republic. 

Anambra joined the league of oil-producing states during his tenure, and the state has earned over N7bn as derivation since July 2022.

Obiano, who succeeded Peter Obi as Anambra helmsman, is not only passionate about seeing the people happy and prosperous, but gives to the less-privileged to make life better for everyone.

That explains why  every of Obiano’s birthday, since he became governor, has become a period of celebration for  citizens and residents of Anambra because of the peace and prosperity he brought to the state during his tenure.

Michael Oduah, a trader in Onitsha Main Market, said Obiano’s tenure was the best for him so far, as his business witnessed exponential growth.

“Our businesses thrived because of the peaceful atmosphere created during his tenure. We congratulate him for this milestone of a new age and for the giant strides he made during his tenure as Anambra governor,” he said.

Nnewi-based business woman, Roseline Okafor, described Obiano as a kind-hearted governor, who fought for his people to have a good life. 

“He is a good politician, who is never desperate for power. Another attribute of Obiano that is rare in this clime is that, unlike other former governors, who see the Senate and other political offices as their retirement benefit, he handed over without going to the Senate, giving others opportunity to also build their political careers,” she said.

Mrs Adanna Ezennia, a teacher based in Awka, the state capital, said she would never forget the outstanding performance of Obiano in the education sector.

“Governor Obiano loves to see the education sector thrive. He made sure that the schools were equipped and teachers motivated. We will continue to miss his sterling leadership qualities,” she said.

She added that having received quality education, Obiano does not joke with education, especially that of children.

Obiano affirmed this when he said, “It was one of my initiatives to demonstrate my belief that every Nigerian child has the right to access quality and affordable education in a peaceful and secured environment. Hence, I initiated ‘No Child left Behind’ policy – an inclusive policy to recruit more teachers and educate all children across the state.”

He further enhanced this policy by building hundreds of school blocks and creating of Anambra Teach-on-Air programme for radio and television, to eradicate illiteracy. He was a true champion of justice and equity and fought for the rights of the most vulnerable.

Ezennia disclosed that Obiano had been feeding communities and individuals quietly as part of his plan to give back to society.

“It is obvious Obiano has accomplished so much in life, but his selfless impact on humanity is particularly endearing. He is a strong and compassionate leader, who always put the people around him first. He made Anambra a better place to live and do business.

“Obiano tarred over 1,000 kilometres of road, built 17 bridges and three iconic flyovers in Awka. He was the first to integrate social media and e-Governance. The workers were not ignored. He paid salaries and pension, in line with his commitment to deliver on physical and human infrastructure,” she added.

The International Cargo and Passenger Airport, Umuleri; the 13,000-capacity Convention Centre, Awka, and the FIFA-rated Awka City Stadium were all built during Obiano’s tenure.

Obiano’s positive records were also evident in other notable areas, such as the completed Onitsha Shopping Mall and Agulu Lake Hotel, as well as rebuilt roundabouts across the state,” she stated.

Sustainable development in Africa via innovative ideas

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With a vibrant population and abundant natural resources, Africa is still on the lowest rung of development among the continents. This discourse charts a course of sustainable development for the continent

Africa, the second largest continent, has a rich history. It is home to some of the oldest human civilisations, with over 1.3bn people, according to recent statistics.

A diverse continent, with variety of cultures, languages and religions, Africa also has a vast range of ecosystems, from the Sahara Desert to the rainforests. Its diversity comes with abundant resources, both natural and human.

Fifty-four countries call the continent home. However, most part of the continent is underdeveloped. So many factors contribute to its underdevelopment. One might say that Africans are hungry in a land of abundance. This is true, for the most part. What is so striking about the African condition is its lack of development, despite its young, vibrant population and abundant natural resources. 

Africa is home to 30 per cent of the world’s mineral assets, eight per cent of the world’s natural gas and 12 per cent of the world’s oil reserves. The continent has over 40 per cent of the world’s gold and up to 90 per cent of its chromium and platinum. It hosts the largest reserves of cobalt, diamond, platinum and uranium in the world.

However, according to the World Bank, Africa is the poorest region in the world, with over 41 per cent of its population living below the poverty line. Poverty is caused by poor infrastructure, conflict, corruption, lack of access to education and healthcare, among others.

Politicians as clogs

The political leaders have deliberately behaved like the proverbial ostrich; putting the head in the sand, and the rump outside. The decline of an entire continent confounds one’s preconceptions about human advancement. 

Speaking at the launch of Big Ideas Platform in Abuja, recently, National Vice Chairman of All Progressives Congress, North West Nigeria, Dr Salihu Lukman, said most of the challenges bedevilling the country are because political parties have not lived up to expectations.

The ruling party chieftain noted that since 1999, the country has not been lucky to have a clearly functional political party to deliver dividends of democracy to the people.

Lukman added that rather than invest in political parties, the politicians only see the parties as means to produce candidates for elections.

“Almost as a generation, we have focused more, at least since 1999, in candidates for elections, thinking that the most important thing in politics is to produce candidates, while imagining that once that is addressed, we will likely produce good leaders. That has, in turn, produced a lot of frustration.

“The big missing element is that, over time, we have failed to invest in our political parties. As it is today, we do not have any clearly functional party running its affairs democratically, in a way that citizens can access it, and when they become members, they can explore the possibility of emerging as candidates,” he stated.

Further, the continent has the lowest literacy rate in the world, and access to quality education is still a major problem for many Africans. This lack of education is a major barrier to economic development and social progress. The challenges remain substantial: more people are poor today than in the 1990s. Two in five adults are still illiterate, and violence is on the rise in the region.

The 2030 agenda for sustainable development aims at transforming the world into an idealistic state of peace and economic prosperity. But most of the world’s low-income countries have been struggling to achieve even a single goal, including the two key targets: eradication of extreme poverty and hunger.

Young continent 

Sadly, almost all low-income countries are found in Africa, which boosts a very large youth population.

Still at the Big Ideas launch, former World Bank Vice President, Dr Oby Ezekwesili, said with such enormous resources and youthful population, there is no excuse for Africans to be wallowing in abject poverty. So, she urged governments in the region to invest in youths and women.

“I have often said that, for Nigeria, there are three game-changers, which have been in great exhibition today. One is the young people. Africa’s mean age, or median age is about 18.6 years, compared to global average of more than 40. What that means is that this is the youngest continent.

“Africa’s young people are already showing the world that they can compete globally, despite some of the challenges that hold them back due to poor governance. If they find their feet, they can even surpass the ideas others put on the table. So, Africa’s young people have economically proven to be game-changers.”

Technology

Innovation is the process of creating new ideas or products that have the potential to improve people’s lives. It is a key driver of economic growth, and can play a significant role in helping Africa achieve its development goals. For example, innovation can be used to develop new agricultural technologies that can help farmers to produce more food. This can help to alleviate poverty and boost food insecurity.

She said, “The third factor is technology. Technology has been Africa’s most insignificant revolution. We did not participate in the Agrarian Revolution and we were not part of the Industrial Revolution. We were not really that much part of the early days of the Knowledge Revolution, but the Information and Communication Technology Revolution has been our first participation, and not even as a major producer of the ideas, but just a consumer.

“Yet, we have begun to learn how to participate in innovations within it. So, even if you are the most pessimistic person, you have absolutely no business leaving today’s programme without a boost of optimism, that with our young people and women, joined with the capacity that technology offers, we will definitely be the ones that will determine the 21st century.”

Also, the Executive Director of Women in Management, Business and Public Service, Hansatu Adegbite, stressed the need to have more women on the decision-making table, adding that “the cost of inequality is extremely high,” and Nigeria had been paying the cost for the longest time.

Innovative ideas birth more knowledge because knowledge is akin to innovation. An educated population will gradually imbibe good governance, and good governance enhances development.

Innovative ideas will foster the development of new African solutions to African problems, charting a course towards a stronger and more sustainable system that benefits all.

Way forward

There are many opportunities for innovation in Africa. The continent has a young and growing population, which means that there is a large pool of potential innovators. Innovation will launch new thinking and illuminate bold ideas that can enhance the quality of life in African communities.

With the right investment and support, innovation can play a significant role in helping Africa achieve its development goals. By promoting innovation, Africa can create a better future for its people and contribute to the global economy.

Additionally, sustainable Africa’s development is achievable, if Africans come together and amplify life-changing strategies to implement transformative ideas. Fortunately, some African organisations like the School of Politics, Policy and Governance have already taken steps in this direction. SPPG recently established the Big Ideas Platform, to facilitate the generation and sharing of fresh ideas, innovative solutions and implementation strategies aimed at addressing the continent’s challenges.

Last line

To sum it up, sustainable African development is attainable with effective implementation of innovative ideas.

By exploring innovative approaches, we can address the challenges Africa faces and propel the continent towards a future of sustainable growth, elective governance and inclusive development.

Afrinvest guides investors on investment opportunities for huge returns in period of reforms

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Afrinvest West Africa Limited has provided intelligent guidance to domestic investors on opportunities available in this period of massive reforms across key sectors of the economy.

At the company’s mid-year investment parley held on Tuesday in Lagos, the Group Managing Director, Afrinvest West Africa Limited, Ike Chioke, spoke on the opportunities provided by the naira and energy reforms to investors and how they could be explored for optimum returns on investment.

Speaking on the theme: “The Turning Point: Positioning for Optimal Return,” he called on investors to position themselves for the opportunities in the economy, which had been magnified by ongoing reforms.

Chioke said the factors seen in both domestic and global economies showed that the country’s economy was at turning point for greatness.

“We’ve seen global inflation rates are dropping alarmingly over the last six, seven months. We’ve seen that the rate tightening by global central banks have kind of come to a point where they are pulling back. They have achieved the objective of reining in inflation. For Nigeria, the new government and ongoing forex reforms also have implications,” he said.

He said removal of the petrol subsidy was expected to provide fiscal savings of N2tn in 2023. This, together with earnings from improved oil exports and non-oil sources, would buoy revenue.

According to him, although the naira has been devalued by significantly about 40 per cent, but it has great benefits, including government making huge savings around N2tn, just from the subsidy removal.

He however, kicked against spending the savings on palliatives, saying “a palliative is not a permanent solution.”

Chioke added that the forex reforms by the Central Bank of Nigeria “has raised hope on sustainable economic development.”

He said the spike in forex rate at the parallel market would be short-lived as more foreign investors pump dollars to the economy.

He said naira would face pressures at the parallel market but that would be for a short time. He said the bigger picture was that more foreign direct investments would find their way into the economy.

“The forex reforms has rekindled hope of domestic and foreign investors in the economy, and we expect it to pay out positively on the naira and foreign reserves in the long run,” he said.

On his part, the Managing Director of Afrinvest Consulting, Abiodun Keripe, said the reforms were courageous, and were previously thought impossible. He said the reforms in the forex market had opened the possibility of Nigeria growing its foreign reserves to $60bn by year end.

He said achieving the target will require increased oil production, boost in diaspora remittances, sustenance of tax and oil subsidy reforms.

Keripe said implementing these reforms would also strengthen the naira from current status to around N550/N600/$ by year end.

Keripe said that despite the improved export earnings, Nigeria’s heavy dependence on importation impeded the trade balance gains.

“No policy can artificially fix the rate at 600 without further worsening the delicate condition. In fact, the incentives to substantially push the exchange rate lower are quite minimal for revenue mobilisation,” he said.

He explained that more interesting to investors was also the impact of forex unification on the reduction in government deficit by about N350bn (greater gain from oil revenue vis-à-vis increase in external debt service).

He said: “Inflation is likely to touch 24.0 per cent before decelerating in fourth quarter on the back of the base effect and weakened demand pressure. Hence, monetary policy would tread cautiously by maintaining the status quo.

“We expect a more market-responsive FX rate, which will boost investors’ confidence and enhance trade and capital flows. However, the path to FX stability would be somewhat rocky. The FX rate is expected to stay above N700 in the near to medium term,” he projected.

“The removal of the petrol subsidy and the process to stop the electricity subsidy are expected to keep prices elevated for the rest of 2023. Although this would spur an improved and more efficient allocation of resources by the Federal Government. Investors interest in alternative investments has consistently improved in the last decade. Thanks to innovative financial products that have consistently addressed its drawbacks — illiquidity, prolonged gestation period, lumpiness, and relatively high expense ratio,” Keripe stated.

He advised investors to remain overweight in fixed-income investments, with a particular emphasis on yield play.

“Sovereign with strong fundamentals should be the center of focus while corporates should also take a substantial part for stability. The juiciest yield are seated on the short and belly of the curve. A higher yield with a shorter maturity will deliver a better risk- adjusted return,” he said.

“Given that we expect muted volatility toward the downside, activity should be moderate. The surest bet remains to long the market. However, investors can short when the opportunity arises,” he added.

Also speaking, Managing Director/Chief Business Officer, Optimus by Afrinvest, Mr Ayodeji Eboh, said the reforms represented a turning point because with Nigeria’s new government, there was going to be short term pains, which would ease as time progresses.

He however, said savings from subsidy should be tied to specific projects, that add value to the people.

He kicked against sharing palliatives, saying such move would not enable the government to achieve desired goals for the people.

He called for investment in infrastructure and in boosting policies that promote ease of doing business.

My US varsity fellowship, dream come true –Obiano’s daughter

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Dr Winnie Ogechukwu Obiano, an associate professor and daughter of former governor of Anambra State, Chief Willie Obiano, has said that her University of Iowa fellowship is a dream come ture.

The medical doctor was recently recognised for her contributions to the Faculty of Medical Sciences, Carver College, University of Iowa, United States of America, a prestigious medical college, where students learn to become accomplished physicians, top-flight researchers and educators.

Scholars go to Iowa to study medicine in a programme that deploys case-based learning. 

With emphasis on problem-solving skills, early exposure to patients and enhanced community-based experiences, the university is one of the best in medical sciences.

The board-certified doctor of internal medicine and psychiatry was decorated as a Fellow of Sleep Medicine and Sleep Health by the university.

Speaking on the fellowship induction, Dr Obiano stated that the award is a dream come true, as she believes her extensive research in the field of medicine will benefit humanity. 

“Good health is not a destination we arrive at; it is a path we forge every day through the decisions we make. Having a healthy lifestyle is important for everyone, and I will always be an advocate for healthy living.

“This award showed that they recognised my little contributions to the development of polysomnography, sleep science, general health and wellbeing. On this note, I am pledging to continue with what I am known for, which is promoting good health through comprehensive research,” she said.

She expressed gladness for the honour done to her by the induction.

“I feel very happy and so honoured receiving this award, as this means a lot to me and my family,” she added.

Congratulating her fellow awardees, she prayed to God to give them the strength and wisdom to continually excel and be shining examples in their respective careers.

The associate professor thanked her parents and the University of Iowa for the opportunity to progress her medical career.

EnterpriseNGR launches 3rd YoE internship scheme

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EnterpriseNGR, an independent advocacy group, is set to launch the Cohort 3 of its Youth of Enterprise internship programme.

The YoE internship programme offers invaluable paid internship opportunities to young graduates between 18 and 26 years of age, over a six-month period. It commences with a three-week intensive online orientation course designed to equip the interns with robust employability skills required to succeed in the workplace.

Chief Executive Officer of EnterpriseNGR, Ms Obi Ibekwe, said the core vision of the organisation is to empower and upskill the Nigerian youth demography. 

She said: “We are thrilled to flag off the third cohort of the YoE Internship Programme, as we continue our mission of empowering Nigerian youth. The programme is the flagship initiative of EnterpriseNGR and our commitment to nurturing the next generation of workplace talent.

“By connecting talented young people with prestigious organisations such as PricewaterhouseCoopers, Access Bank, Aluko & Oyebode, Chapel Hill Denham, Coronation Merchant Bank, FBNQuest Merchant Bank, FMDQ Group, Templars, The Nigerian Exchange Group, Meristem and others, we aim to drive economic growth, reduce unemployment, and foster a prosperous future for our country.”

According to the CEO, the programme is committed to bridging the gap between talented young individuals and reputable organisations, offering a platform for growth and development.

The YoE internship, she added, is now accepting applications from aspiring youth across the 36 states of Nigeria. “It welcomes ambitious individuals, who meet the requirements to apply and join the organisation on this transformative journey.”

To register and submit applications, interested candidates can visit www.enterprisengr.com/yoe or connect via social media platforms, including Instagram, Facebook, Twitter, and LinkedIn @EnterpriseNGR or @YouthofEnterprise.

“The internship programme welcomes applications from all eligible Nigerian young graduates, ensuring inclusivity and accommodating a broad range of talents, interests and career aspirations,” she noted. 

At Sallah, Obiano felicitates with Muslims, preaches charity

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Former governor of Anambra State, Chief Willie Obiano, has congratulated Muslim faithful nationwide on the festival of Eid al-Adha, while urging other Nigerians to be charitable.

Eid al-Adha, a major holiday in the Islamic calendar, is the commemoration of the Quranic tale of Prophet Ibrahim’s willingness to sacrifice his son Ismail as an act of obedience to God.

In a statement on Wednesday, Obiano sent his best wishes to Muslim communities in Nigeria, stating that the festival is one of sacrifice and unity.

He said: “Eid al-Adha is celebrated to commemorate the devotion of Ibrahim and Ismail. The season symbolises celebration, faith and charity. As the pillars of Islam encourage unity, I use the occasion to urge Nigerian Muslims to be steadfast in working and praying for the peace, unity and progress of our beloved country.

“Nigeria is confronted with difficulties. The present challenges are problematic. However, this is a passing stage in our course of national development. Regardless, Nigerians have kept the tenets of their faith and have continued trudging forward, with renewed hope. We are a resilient people that can overcome anything, with unity.”

According to him, charity is the act of giving money, goods or food materials to the unfortunate, either directly or indirectly.

“The feast is also a time to serve the less fortunate, a reminder of the obligations that people of all faiths have to one another,” he added.

The erstwhile governor stated that Nigeria’s economic growth was beginning to gather momentum, but that unity, patriotism and prayers were required to take the country to the next level. He urged Nigerians to constantly seek to become a better version of themselves through patriotism, dedication to duty and honesty.

Eid-al-Adha’s significance, Obiano added, revolves around the profitability of being patient with God in all things, including the country’s growth.

“My warmest wishes go out to all Muslims on this festival of Eid al-Adha. On this occasion, may Allah fill your life with joy, your heart with love, your soul with happiness and your mind with wisdom. Wishing you a very happy Eid,” he said.

Obiano urges unity, collaboration for nation building

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Former governor of Anambra State, Chief Willie Obiano, has called for unity and collaboration among Nigerians for effective nation building.

In a statement on Monday, as Nigeria celebrates Democracy Day, Obiano dwelt on hope, cooperation and nation-building, while tasking Nigerians to live in unity, irrespective of ethnic and religious differences.

He said, “Nigeria has come a long way democratically, from the days of various pro-democracy movements to the advent of democracy in the late 1990s. Achieving democracy is a gradual process, which was attained by putting aside religious and ethnic divides. Sustaining our democracy thus far has been a collective struggle, and I congratulate Nigerians, particularly leaders of our democratic institutions, on their determination to ensure that Nigeria remains a shining example of democracy.

“However, to remain a shining example, we must be united and collaborate with each other. It is only when we live together in peace that we can work together to develop the country.”

He asserted that the country must rise above the tides of discord, degradation and underdevelopment. According to him, that is the only way the country can take its rightful place as the true giant of Africa.

“I urge the Federal Government to intensify cooperation among the 36 states and the Federal Capital Territory as regards job creation, develop agriculture, healthcare, education and infrastructure for a better society.”

The country, Obiano said, has the potential to succeed, if the tenets of democracy are adhered to.

“The celebration of Democracy Day provides us an opportunity to reflect on our journey as a nation, our achievements and struggles. It is a day to honour our founding fathers, who toiled to establish our republic and every Nigerian that has worked tirelessly to sustain it. God bless Nigeria,” he said.