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Oviosu, Paga Boss Speaks @ 2017 Spring Meetings, Washington DC

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Tayo Oviosu, founder and CEO Paga,

Tayo Oviosu, founder and CEO Paga, Nigeria’s #1 Digital Financial Service company, spoke at the Spring Meetings hosted by World Bank Group and International Monetary Fund (IMF) in Washington DC recently.

The Spring Meetings, each year brings together central bankers, ministers of finance and development, private sector executives and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

The conference featured a variety of seminars, panel discussions, regional briefings and many other events.

As part of the 2017 Spring Meetings, Paga was used as a case study for Digital Financial Services during the session “Driving Digital Financial Inclusion in Africa”.

This is evident of World Bank Group and IMF recognition of Paga’s role in championing the growth of digital financial services to the mass market in Nigeria.

Paga’s innovation is at the core of transformation of financial inclusion in Nigeria by providing technology that benefits individuals and small businesses in Nigeria – those who have no access to formal financial services and credit.

Speaking on digital financial services in Nigeria, Carla Grarsso, deputy managing director of the International Monetary Fund said: “It’s really fantastic what technology is doing. Financial inclusion and the broader availability f financial services are critical. It is critical for women and young people to build their assets in creating new enterprise. Africa leads the world in the use of mobile technology and these developments being challenges of their own – regulation and educating consumers about new products. This session showed us insights into how Nigeria is navigating these complex issues. Financial inclusion goes hand-in-hand with financial instability which is our core of business. We are supporting financial inclusion through our capacity development activities and the more we learn from innovators like Tayo Oviosu, the better equipped we are to serve our membership. We are excited to be part of this wave of technological progress and we can wait to see how it will improve the lives of millions of people in the not so distant future.”       

Tayo shared his entrepreneurial experiences with Paga aiming to solve two problems – ease of payments, and access to finance for the mass market.  

He shared Paga’s role in delivering digital financial services to all areas across Nigeria through the Paga Agent Network of over 11,000 entrepreneurs in all states of the country.

Compared to the 5,358 branches of all banks in Nigeria, the Paga Agent network is the single largest and most active network of financial services access points in Nigeria.

Paga Agents offer a convenient location for customers to send money to anyone using the recipients phone number, deposit money to any bank account, withdraw money from bank accounts, and pay bills.

Reflecting on his invitation by the IMF to be a keynote speaker at the Spring Meetings Oviosu said “It is a great recognition of the work of our 200-person strong team that the IMF would invite me to give a keynote talk on digital financial services using Paga as a case study.

At Paga we are very focused on building Africa’s #1 payments and digital bank. Our strategy and approach is unique in that we have built an agent network that is open to banks to leverage and we will also over financial services in partnership with the banks leveraging our platform. Our goal is to bring access to financial services to 30m Nigerians by 2020.”

Tayo founded Paga in 2009 with a mission to deliver innovative and universal access to financial services for individuals and businesses across Africa.

Today, Paga has over 200 employees, 6 million unique customers and over 11,000 authorized agents enabling trade, business and economic growth across Nigeria.

Paga continues to innovate and work closely with banks and other financial institutions to introduce more services that will make it even easier for people to conveniently make payments and get access to financial services.

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Speakers At CFA Startup Hangout Urge Youths to ‘Stay & Invest’ in Nigeria

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(L-r): Wale Ajisebutu, vice-chairman, 21st Century Technologies; Dr. Nkiru Balonwu, managing partner, RDF, both speakers at the October 2017 edition of the CFA's Startups Hangout, with Chukwuemeka Fred Agbata Jnr, Founder, CFAtech.ng, Presenter of Tech Trends on Channels Television and the Convener of the Hangout.

By Justice Okemgba

The October 2017 Edition of the CFA’s Startups Hangout really lived up it’s expectation, as the Startups were fed with priceless nuggets on how to run their businesses successfully and improve on their lives and uplift the nation.

CFA’s Startups Hangout, is an event that brings Startups together to learn how to run and grow their businesses from invited successful entrepreneurs, as well as network with each other.

The two invited speakers for the October 2017 edition, which was held at Adna Hotel, GRA, Ikeja last Friday, were Mr. Wale Ajisebutu, vice-chairman, 21st Century Technologies and Dr. Nkiru Balonwu, Managing Partner, RDF, a Consultancy outfit.

First to speak, was Dr. Nkiru Balonwu. She stated that Startups need to be determined and stay focused, as these are key to achieving what they want to achieve. “Be sure of what you want to do and set milestones for the achievement of goals”, she emphasised.

She admonished the Startups to note each achievements as they are met and also know why they are not met and fight to see that they are met in the end.

She made it known to the Startups that, from her own experience at starting her own business outfit, not everyone will encourage them in their quest, but they should not be deterred. She advised them to seek for sponsors and mentors, but should also be ready to give them something in return.

Nkiru stated that Startups should ensure that whatever it is that they are doing, should be centered around solving a problem for their clients. She gave the example of her own experience, where her personal need to track the income and expenses of her income and expenses, prompted her to develop the Bukkipa App, a simple accounting solution, but she had to ask for inputs from those who are also in need of such a solution, so that they can patronise it.

Wale Ajisebutu, in his presentation to the Startups, gave the narrative of Nigeria as a country blessed by God, with lots of opportunities, which, unfortunately, the citizens are only seeing  and complaining about as problems.

He advised the Startups to stop complaining about what the government has not done and see all the problems that we have in Nigeria in the areas of inadequate water supply, bad roads, poor transportation, scarcity of food and agriculture, etc., as opportunities they can key into and start a business on, because the government cannot do them.

“You cannot see all these kinds of opportunities in England, for instance, because they have light, they have houses and they have roads, etc. You don’t need to run there. If you go there, you will just go and wash toilets and plates”, he observed.

“It was individuals that developed America and not the government”, he stressed. He gave the example of Cornelius Vanderbilt, who invested in and built railroads, John D. Rockefeller Snr, who invested in the oil and oil pipeline business and J. P. Morgan, who invested in the banking industry, all in America.

He stated that a good example of such individual, doing a similar thing in Nigeria, is Aliko Dangote, who invested in problem areas in Nigeria and is today, the richest African in the world.

Wale advocated for the adoption of a four-tier government, namely, Federal, State, Local government as well as Youth and Entrepreneurs, to take care of the interest of SME’s. He advised Startups to work hard, be consistent, dream big, think big, start small, be open, be curious and take risks. “If you do the right thing in your business in Nigeria, you will become a multi-billionaire in any currency”, he assured.

Wale further advised the Startups to build great teams, have good business concepts, build wide network of mentors and cover their costs to stay relevant in the business world. “You are in Nigeria for a purpose. Take advantage of it. The country is for you. You have to build it”, he concluded.

Other attractions during the October 2017 edition of the CFA’s Startups Hangout, include presentations by officials of The Bridge Clinic, who took the Blood Pressure of the Startups that attended the event and TAMS on Time Management, Payroll and Human Resource solutions for the Startups.

The event ended with the networking session, where the Startups interacted with each other to form alliances, friendships as well as synergize their operations.

The November 2017 edition of the CFA’s Startups Hangout, which will be the last for this year, also promises to be an exciting one. Watch out for details @ http://startups.cfatech.ng

 

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U.S. Promotes STEM Education in Nigeria, Trains 460 Students, Teachers on Robotics

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By peter oluka

Monday, the United States Diplomatic Mission to Nigeria, in collaboration with RoboRave International, a U.S.-based robotics education academy, began a week-long robotics workshop for 460 elementary, secondary, and university students, STEM teachers, robotics enthusiasts, and scientists.

The training is being hosted at the American Corner at Co-Creation Hub (CCHUB), Yaba, Lagos (October 23-25) and at the Olusegun Obasanjo Presidential Library Complex, Abeokuta, Ogun State (October 26-28).

The workshop seeks to boost technology education in Nigeria by engaging the participating students in hands-on robotics activities to stimulate their interest in math and science as well as careers in the STEM fields.

One hundred (100) robots will be donated free-of-charge to participating schools in Lagos and Ogun states, many of them with little or no experience in robotics.

This is expected to provide the students and their teachers with an opportunity to put their skills to use following the completion of the training.

United States Consul General F. John Bray explained that the U.S. Mission is supporting the capacity building workshop in hopes that participants will be inspired to work collaboratively with the aid of technology to create innovative solutions to shared global challenges.

“In a world that’s becoming increasingly technology-driven, it’s more important than ever before for our youth to be equipped with the knowledge and skills to become innovators, educators, researchers, and leaders who can solve the most pressing challenges facing our world, both today and tomorrow.  We are honored to support this initiative that promotes science, technology, engineering, and mathematics — subjects collectively known as STEM— in Nigeria,” Consul General Bray said.

Mr. Kingsley Imade, program partner and director RoboRAVE Nigeria, explained that the training sessions will be facilitated by an international faculty, including RoboRAVE International Director of Global Programs Russ Fisher-Ives, and RoboRAVE North America Director Brian Montoya.

According to him, the sessions focusing on robotics designs and programming will provide a platform for teachers to learn how to implement the STEM approach in the educational process via practical scientific activities, throughout the training days.

“An education to develop robotics skills places students on track to develop such STEM enabling competencies like critical and computational thinking, collaboration and creativity that has lifelong advantages,” Mr. Kingsley Imade, director, RoboRAVE Nigeria, said.

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Ojobo, NCC Spokesman To Receive ESUT Honours

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By peter oluka

The Enugu State University of Science and Technology (ESUT) will on Thursday, October 26 confer an award of Excellence on Nigerian Communications Commission (NCC), Director of Public Affairs, Mr. Tony Ojobo.

This award ceremony is part of the high point of the Alumni Home Coming and 32nd Anniversary Celebration of the Faculty of Management Sciences.

In a notification letter of the conferment addressed to Ojobo, it was stated that the decision to confer the award on him was taken by the Faculty Board of Management Sciences at its 136th meeting held on September 25, 2017 where it “proudly took cognizance of your remarkable achievements in life, especially in your chosen career as a renowned technocrat and Public Servant, and unanimously nominated you to be conferred with an award of Excellence.”

The letter was jointly signed by Prof. Fredrick O. Eze, Dean Faculty of Management Services and Prof. Ike S. Ndolo, chairman, Alumni Home Coming Committee.

Governor Ifeanyi Ugwuanyi of Enugu State is the Special Guest of Honour, while the Chief Host is the Vice Chancellor, ESUT, Prof. Luke Okechukwu Anike.

The event is due for Dome Event Centre, New Haven, Enugu at 11am.

Ojobo is an Alumnus of ESUT.

The Man Tony Ojobo

Ojobo is an experienced director of Public Affairs with a demonstrated history of working in the telecommunications industry.

Skilled in negotiation, business development, strategic planning, strategy, and public speaking, he is a strong media and communication professional with a Master of Business Administration (MBA) focused in Marketing from ESUT Business School.

Currently, director of Public Affairs at NCC; Ojobo was the director, Human capital and Infrastructure at the Commission between October 2009 – October 2011 (2 years 1 month).

He holds Master’s degree, Public Administration from the University of Lagos (1993); and currently pursuing a doctorate honours in Business Administration, Entrepreneurship/Entrepreneurial Studies at the Walden University.

Ojobo is a certified member, Institute of Public Private Partnership, Washington, DC, USA., and has garnered many awards for his professionalism and outstanding performances at the NCC.

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