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UNHCR, TGI Group Forge Alliance to Empower Nigeria’s Displaced Communities

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Tropical General Investments (TGI) Group a contributor to Nigeria’s economy, and UNHCR, the UN Refugee Agency, have signed a five-year cooperation agreement to advance socio-economic inclusion and co-create sustainable solutions for forcibly displaced people in Nigeria.

This partnership was formalized by the signing of a Memorandum of Understanding (MOU) at a ceremony attended by key representatives from both organizations in Abuja on Tuesday.

This novel partnership between UNHCR and TGI leverages both parties’ core expertise and knowledge to advance the socio-economic inclusion of forcibly displaced persons and their host communities in Nigeria.

This will be achieved by designing fit-for-purpose and market-relevant solutions that enable target populations to actively engage in agricultural income-generating activities.

TGI’s Vice Chairman, Farouk Gumel, commented on the partnership and TGI’s expertise in creating community-centric initiatives as part of its broader commitment to driving inclusivity and adding value to communities.

“We are proud to cement our partnership with UNHCR, which will see to the integration of Internally Displaced Persons (IDPs) and refugees into the forefront of Nigeria’s workforce.

“We believe in inclusive growth and community empowerment and we will leverage our work with smallholder farmers in our outgrower programmes as a model to integrate these communities.”

Nigeria is estimated to have an arable land area of 34 million hectares, of which only 6.5 million hectares are used for permanent crops. The agricultural sector in Nigeria accounts for about 23 per cent of the country’s GDP and employs around 70 per cent of the country’s workforce.

Leveraging the country’s growth potential in the agriculture sector and the skills of IDPs, refugees and host communities, the collaboration between TGI and UNHCR will explore prospects for investments that unlock livelihood opportunities for thousands of people in need.

“Nigeria is home to 3.6 million IDPs and 108,000 refugees. UNHCR is at the forefront of addressing their urgent needs. One of our key priorities is to create self-reliance opportunities for refugees and IDPs.

“This partnership with TGI is central to our collaborative approach, aiming for sustainable solutions and reducing dependence on humanitarian assistance,” said Arjun Jain, UNHCR’s Representative to Nigeria.

The collaboration will focus on value chain integration, land recovery, agricultural inputs, skills development, employment, and financial inclusion.

Working closely with government authorities, development actors, and community leaders, TGI and UNHCR will facilitate large-scale agricultural projects and other economic initiatives that provide employment opportunities and foster stronger connections between displaced communities and state services.

Approximately 120 million people worldwide are forcibly displaced today due to persecution, conflict, violence, and climate change. Over 3.7 million forcibly displaced people reside in Nigeria, representing almost 3% of the global displaced population.

Most IDPs in Nigeria have been living in the middle-belt, northeast and northwest of the country for over a decade, within states that face grave economic challenges. Some 70 percent of the refugees in the country live within the host community with the rest residing in settlements.

Additionally, there are around 400,000 Nigerian refugees who are living in exile, largely in the Lake Chad Basin countries; many are keen on returning home voluntarily, in safety and dignity.

UNHCR has been at the forefront of responding to the needs of IDPs and refugees. The increasing number of displaced persons has exacerbated resources and increased dependency on aid, prompting UNHCR and other humanitarian actors to shift strategies towards sustainable solutions and self-reliance.


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NCC, ALTON, MainOne Back Oketola’s Book on Tech Evolution

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Dr. Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, has confirmed his participation as the immediate past Editor of The PUNCH, Dayo Oketola,  launches a book on Information and Communications Technology evolution.

The book, ‘The Catalyst: Nigerian Tech Evolution Through a Journalist’s Lens,’ will be launched on September 17, 2024, at an exaugural lecture to mark the end of Oketola’s time as Editor, The PUNCH and celebrate his nearly 20 years in journalism and leadership practice.

The Head, Media Relations at the NCC, Dr Omoniyi Ibietan, who communicated NCC’s support to the author, said, “It is a consequential work. Congratulations.”

Read Also: NCC Threatens to Fine Telcos over Poor QoS

Similarly, the Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), Engr. Gbenga Adebayo, and the CEO, MainOne, an Equinix Company, Ms. Funke Opeke, have also thrown their weight behind the book launch and exaugural lecture while congratulating the author.

“We would like to express our sincere gratitude for the invitation to your upcoming exaugural lecture and book launch. Congratulations on reaching this significant milestone,” MainOne said in a letter.

Former President Olusegun Obasanjo, GCFR, will be the Special Guest Speaker at the event.

Oketola said the evolution of Nigeria’s telecommunications sector, which began with the introduction of GSM in 2001 by Obasanjo, had attracted over $70bn in investments and created over 500,000 jobs in the country.

He highlighted the bold initiatives that opened the sector to private investment, from 450,000 telephone lines before 2001 to a vibrant market today, and also charts a path through which Nigeria can maximise its digital economic potential.

Oketola, now a senior member of the PUNCH Editorial Board, left as Editor of The PUNCH  in June.

While serving as editor, he won the Editor of the Year prize at the Nigeria Media Merit Awards (NMMA) in December 2023.

He also led the organisation to win the Newspaper of the Year at the same award ceremony.

Oketola, a consistent journalism prizeman, also won Editor of the Year Award at The Industry Awards 2022.

He is a two-time winner of the Zimeo Excellence in Media Awards in Johannesburg 2015 and Nairobi 2016, among numerous awards during his illustrious journalism career.

In a statement, Oketola said, “I am excited to announce the upcoming launch of my book, The Catalyst: Nigerian Tech Evolution Through A Journalist’s Lens, scheduled for September 17, 2024.

“On the same day, I will also be hosting an exaugural lecture to celebrate my tenure as Editor of The PUNCH and nearly 20 years in journalism.”

Speaking further, the former editor described his years in journalism as one that had driven advocacy and impacted different sectors of the economy.

“My 20 remarkable years of stewardship to the nation via media and leadership practices have driven advocacy and impacted areas such as business and economy, ICT, energy, agriculture, social inclusion, anti-corruption, drug trafficking prevention, and nation-building, a testament to the power of journalism in shaping our society,” Oketola remarked.

Read Also: NCC Unveils DMS to Protect Mobile Phone Users

Other influential guests hosted at the media event are a former Chief Executive Officer of MTN Nigeria, Michael Ikpoki, who will chair the occasion, and the Convener of the Centre for Social Media Research, Dr Akin Olaniyan, who will be the book reviewer.

The Minister of Information, Alhaji Mohammed Idris, will grace the occasion as the Chief Host.

Similarly, the Managing Director/ Editor-in-Chief of PUNCH Nigeria Limited, Mr. Adeyeye Joseph, is the host, while the President of the Nigerian Guild of Editors, Mr. Eze Anaba, is the co-host.


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DLM Asset Management Partners Your Study Path on “School is an Asset” Webinar

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DLM Asset Management, a subsidiary of DLM Capital Group, in collaboration with Your Study Path, is excited to announce the “School is an Asset” webinar, scheduled for September 19, 2024.

This engaging virtual event will spotlight the crucial role of education as a foundation for a prosperous future and spotlight the Child Education Plan designed to help parents secure their children’s educational opportunities.

The “School is an Asset” webinar will emphasize that education is not just a path to personal success but a significant investment with lasting benefits for individuals, families, and communities.

As the world evolves, the importance of education in fostering personal and professional growth cannot be overstated. This event aims to inspire students and parents to fully embrace and leverage their educational opportunities.

We are pleased to feature an esteemed lineup of speakers, including Egunjobi Daniel Ololade, CEO of Your Study Path; ThankGod Ojabugbe, Portfolio Manager at DLM Asset Management; Goziem Nancy Idonor, Business Development Manger at DLM Capital Group; and Gbotemi Kolowale, Digital Marketer at DLM Capital Group.

Each speaker will provide valuable insights into the significance of education and discuss the Child Education Plan designed to assist parents in financially planning for their children’s education. Attendees will also have the opportunity to engage with the experts during live Q&A sessions to receive personalized advice and answers to their questions.

The webinar will take place on September 19, 2024, from 11:00 AM (WAT). It will be hosted virtually, and free registration is available here.  Join us for the “School is an Asset” webinar and take an essential step toward securing a brighter future through education.

 


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Vale Finance Unveils New Business Banking App to Empower Nigerian Businesses

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Vale Finance has launched a new business banking web app. The app is designed to provide innovative financial solutions to empower businesses to thrive amidst the current economic landscape.

According to Sola Adeyinka, Managing Director and Co-founder of Vale Finance Limited, the company has positioned itself as a key partner to Nigerian businesses by launching the new web app. He noted that Vale Finance Limited became fully operational in January 2022 and has since demonstrated its resolve to be a bank that truly pays its customers.

Natasha Atirene, Head of Strategy, Innovation, and Products, emphasized that the Vale Business Banking app is designed to address the challenges faced by Nigerian businesses, particularly the lack of accessible financing options with competitive interest rates. She highlighted that the platform offers quick and easy access to low-interest loans, enabling businesses to secure the necessary capital for growth.

Ayodele Adebayo, Business Development Lead at Vale Finance Limited, stated that the company’s mission has always been to leverage technology to bring financial freedom to businesses and individuals. He added that the launch of Vale Business Banking is a crucial step towards empowering business owners across the country.

Segun Ojo, Chief Technology Officer and Co-founder, spoke about the app’s capabilities, stating that Vale Business Banking offers seamless transaction capabilities, ensuring that every business owner can manage their finances and customer interactions efficiently. He added that the web app provides a user-friendly interface, allowing businesses to easily register and set up accounts.

Patrick Osadebe, Director of Business Banking at Vale Finance Limited, concluded by saying that the launch is a testament to the company’s commitment to supporting Nigerian businesses. He emphasized that Vale Business Banking is providing businesses with the tools they need to overcome challenges and achieve sustained growth.

The Vale Business Banking web app is now available for registered businesses, marking a new era of financial empowerment for entrepreneurs across Nigeria.


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