Broadcasting
Interswitch Injects 12.5M into SPAK Project
Interswitch Group, a leading Pan-African electronic payment and digital commerce Company, is set to host the first edition of the InterswitchSPAK project with a N12.5 million-scholarship among other prizes for the winners.
The project, which is a new CSR initiative of the company, is focused on driving increased interest in the study of Science, Technology, Engineering and Mathematics (STEM) subjects among Senior Secondary School students across Nigeria.
The InterswitchSPAK initiative is a multifaceted one, made up of the TV quiz show which includes the Innovation Challenge, the MasterClass, and the InterswitchSPAK volunteers’ week, all targeted at students aged between 14 and 17 years in SS 2 or year 11, as the case maybe.
InterswitchSPAK aims to encourage and guide the students on career paths that will help them achieve full optimization of their potentials and dreams to become innovators and entrepreneurs.
InterswitchSPAK 1.0. began with a National Qualifying Examination from which the top 81 students out of the over 11,000 students from various private and public secondary schools across the 36 states of the federation, including the FCT, qualified to compete in the TV Quiz Show.
The TV Quiz Show will be preceded by a Masterclass taking place on August 27, in Lagos. The Masterclass is a full-day of knowledge sharing and engagement sessions where some of the most inspiring and successful men and women in our society will discuss relevant topics with the students.
Speaking about the Masterclass, Mitchell Elegbe, Founder & GMD, Interswitch, stated that the session would give the students the opportunity to meet real-life models who prove that success is possible, regardless of existing challenges.
It will focus on knowledge sharing, as well as motivating the students on character building and assuming leadership responsibilities in all their spheres of contact.
He said: “The Masterclass is a real experiential window for the students, where they do not only meet successful people who are providing solutions, they are motivated and prepped by these people to begin to develop the right mind set and attitude for leadership and success”.
The Masterclass will feature three 45-minute sessions where the qualified students who emerged from the qualifying examinations will be intellectually motivated by high-profile speakers led by Mr. Mitchell Elegbe, GMD, Interswitch Group.
Also speaking at the event will be: Mr. Yinka Sanni, CEO, Stanbic IBTC Holdings Ltd, and Eloho Omame, MD, Endeavour Nigeria.
Mr. Yinka Sanni will lead the first session and would be speaking on “Social Innovation – The Power of Transformative Ideas, while Eloho Omame will handle the second session titled: ‘Entrepreneurship – A Tool to Creating Impact in Our Society’ and Mitchell Elegbe will round off the session with the topic: ‘Emotional Intelligence and the Leadership Responsibility of Youths’.
After the Masterclass, the TV quiz show will commence with the InterswitchSPAK Innovation Challenge, a two-day intensive boot camp, where the 81 finalists, working in groups, will have the opportunity to brainstorm with their peers and proffer solutions to various issues affecting our society.
The group with the most innovative and viable solution will be presented with the InterswitchSPAK 1.0 Founders Prize for Innovation.
Cherry Eromosele, Group Chief Product and Marketing Officer, Interswitch, disclosed that the Innovation Challenge is aimed at accentuating critical thinking and problem-solving abilities in the students who will be guided by staff of the Interswitch Group.
She said: “InterswitchSPAK is a project we are very much committed to. When we started this journey, our goal was very clear: to find gifted students in secondary schools and guide them to achieve their dreams.
InterswitchSPAK was created to help shape the future of Africa’s brightest science students, and our immediate objective is for each student to go away with the awareness of their capacity to do great things”.
With N7.5 million worth of university scholarship for Five (5) years for the 1st place winner, N4 million worth of scholarship for three (3) years for the 2nd place winner, and N1 million worth of scholarship for 1 year for the 3rd place winner, the atmosphere is set for exciting times on InterswitchSPAK 1.0.
Interswitch’s decision to give the grand prize money in the form of tertiary education scholarship, reinforces the company’s commitment to improving lives through sustainable long-term investments.
InterswitchSPAK 1.0 will be rounded off with the ‘’InterswitchSPAK Volunteers Week’’ where staff of Interswitch will volunteer one hour of their time to teach STEM subjects in selected public schools.
Broadcasting
CADEF Launches Platform to Promote Renewable Energy in Nigeria
Consumer Advocacy and Empowerment Foundation (CADEF) has launched a one-stop-shop website to provide Nigerians with information and resources on renewable energy.
The platform, dubbed Distributed Energy Resources (DER), aims to promote awareness and adoption of renewable energy solutions in Nigeria.
Speaking at the launch event, Professor Chiso Ndukwe-Okafor, Executive Director of CADEF, emphasized the importance of exploring renewable energy alternatives.
“It’s not just about solar energy, but also solar cookers and hot water systems,” she said. “The key is to find options that fit within your budget.”
“The Nigerian government has set a target of generating at least 30% of the country’s electricity from renewable energy sources by 2025. While this goal may be ambitious, CADEF is working to promote awareness and adoption of renewable energy solutions”.
The DER website provides information on renewable energy options, including solar power, financing options, and installers. It also offers a platform for individuals and businesses to explore solutions and connect with experts in the field.
CADEF is collaborating with government agencies, such as the Ministry of Environment and the Ministry of Power, to promote the adoption of renewable energy solutions.
The organization is also committed to promoting awareness and adoption of renewable energy solutions, particularly among rural communities.
In response to questions about affordability, Professor Ndukwe-Okafor emphasized that renewable energy solutions can be tailored to individual needs and budgets.
“While solar energy may not be affordable for everyone, it can provide a viable alternative for those who can afford it,” she said.
CADEF’s initiative is a step in the right direction towards promoting renewable energy in Nigeria. As the country continues to grapple with energy challenges, it is essential to explore alternative solutions that can provide sustainable and clean energy for all Nigerians.
Broadcasting
Copyright Commission Warns School Proprietors Against Pirated Books
AS the Nigerian Copyright Commission (NCC) intensifies its public awareness campaign, school proprietors in the FCT have been advised to exercise due diligence by procuring books from legitimate sources to curb copyright infringement and help sanitise the book value chain.
This was disclosed by Mr. Emeka Ogbonna, the Director Operations, NCC, in his address at the General Meeting of National Association of Proprietors of Private Schools (NAPPS), FCT held at Veritas University, Abuja on 9th October, 2024.
Speaking to the participants, Mr. Ogbonna acknowledged the contributions of the proprietors to the educational development of the nation, emphasising the need for wholesome practices to protect the book ecosystem. ‘’If you must sell or distribute books, ensure you get them from the right sources”, he cautioned.
He said the warning was imperative in view of complaints from right owners and publishers about schools selling pirated books. He stated that the NCC is not opposed to schools selling books, but maintained that due diligence must be exercised by ensuring that all purchased books are properly documented with authentic receipts.
Sensitising the school proprietors further on the tenets of the new Copyright Act 2022, the Director said it is a criminal offence to sell, distribute or be in possession, other than for private or domestic use, works that are pirated. Harping on the stiffer punishments prescribed for offenders by the new Act, he said schools selling or distributing books will be treated as booksellers and subject to the same standard of care.
The NAPPS FCT President, Mrs. Ruth Agboola, commended the NCC and other government agencies in attendance and lauded the Management of Veritas University for hosting the event.
The meeting was also attended by the Vice-Chancellor, Veritas University, Abuja, Rev. Fr. (Prof) Hyacinth E. Ichoku and other officials of the University.
Broadcasting
TETFund Suspends Foreign Scholarships Due to Rising Costs and Abscondment
Tertiary Education Trust Fund (TETFund) has announced the suspension of the foreign component of its TETFund Scholarship for Academic Staff (TSAS) Intervention, effective January 1, 2025.
This decision, outlined in a letter dated November 25, 2024, and signed by TETFund’s Executive Secretary, Arc. Sonny Echono, cites the escalating cost of overseas training and an increasing number of scholars absconding as reasons for the suspension. The letter was addressed to heads of beneficiary institutions, including vice chancellors, rectors, and provosts.
“In response to the current excessive cost of training in foreign institutions, coupled with the high rate of abscondment of scholars, the Board of Trustees of the Fund has approved the suspension of the foreign component of the TSAS Intervention,” the letter stated.
TETFund has directed beneficiary institutions to prioritize local training within Nigerian universities, polytechnics, and colleges of education. This shift, according to Echono, is aimed at reducing pressure on foreign exchange, enhancing local capacity, and significantly increasing the number of beneficiaries.
“It is expected that this will conserve and reduce pressure on the foreign exchange rate, boost investment and local capacity in our institutions while significantly increasing the number of beneficiaries of the intervention,” Echono wrote.
However, scholars already enrolled in foreign institutions under the TSAS programme will continue to receive sponsorship until they complete their studies, ensuring a smooth transition for ongoing commitments.
- News2 days ago
TCN Reveals N8.8 Billion Expenditure on Restoring Destroyed Transmission Towers
- Telecom2 days ago
Google, Meta Criticize Australia’s Rush to Pass Social Media Ban for Under-16s
- Broadcasting1 day ago
TETFund Suspends Foreign Scholarships Due to Rising Costs and Abscondment
- News1 day ago
Stanbic IBTC Asset Management Unveils Anti-scam Measures to Protect Mutual Fund Holders
- E-Financial1 day ago
UBA Group Sets Foot in France with Full Banking Services
- E-Financial1 day ago
MoneyMaster Promotes Financial Inclusion, Offers more Bonus to Customers
- E-Financial2 days ago
PenCom, PenOp to Integrate Uncovered Workers into Micro Pension Plan
- Uncategorized1 day ago
NAICOM Signs Agreement with NDPC on Data Protection in Insurance Sector