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MainOne Discusses Economic Recovery, Growth Plan at 2017 IOD Fellows’ Luncheon

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The prestigious Institute of Directors (IoD) Nigeria recently hosted at its annual Fellows’ Luncheon themed “2017 Budget Implementation and Challenges” with ‎Funke Opeke, CEO MainOne, highlighting the need for ‎ the nation to drive ICT sector development in order to trigger sustainable, economic growth.‎

This year luncheon held ‎at the Civic Center, Victoria Island, Lagos State had in attendance directors and executives from major industries in Nigeria deliberating on the Nigerian economic situation and the effect of government projected policies on businesses.

It also served as a platform to honor two distinguished Nigerians as Fellows of the Institute.

Funke Opeke, CEO MainOne, was one of the guest speakers at the event and presented a paper on the “2017 Economic Recovery and Growth Plan” and its impact on the business, with a particular focus on the ICT Sector.

She highlighted the elements of the plan and emphasized the need for the nation to drive ICT sector development in order to trigger sustainable, economic growth citing examples of developed countries like China who improved their economy using technology.

According to Ms. Opeke, “while the erosion in the economy appears to have slowed, the real transformation or expansion required to diversify the economy from oil or gain access to new enabling infrastructure is still quite nascent”.

She also touched on the challenges that the Nigerian business environment faces which makes business operations costly and inefficient with Nigeria currently occupying the 169th position out of 190 countries in the World Bank’s “2017 Doing Business Index”.

In concluding her presentation, she commended the ERGP as being laudable but stressed that effective implementation will be critical for its success.

Andrew Nevin‎, chief economist of PwC, also made a presentation on the macro-economic situation in Nigeria and highlighted the need for foreign capital to grow the economy.

The major highlight of the event was the conferring of the Honorary Fellowship Award on His Majesty, Nnaemeka Alfred Achebe, the Obi of Onitsha and the Distinguished Fellowship Award on Dr. Michael Olawole Omolayole based on their significant contributions to Corporate Nigeria. 


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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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.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

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.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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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.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

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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