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AfDB, Tony Elumelu Foundation Partner to Support Youth Entrepreneurs in Africa

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Tony Elumelu, chairman, United Bank for Africa (UBA) plc.
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The African Development Bank and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship across Africa.

The partnership will bring about future collaboration focused on strengthening small to medium sized enterprises, talent and skills development and optimisation initiatives for Africa’s youth.

A total of 3,050, young entrepreneurs across 54 African countries over the next year will receive support under this partnership. The Bank’s participation will enable an additional 1,000 entrepreneurs to benefit from the Tony Elumelu Entrepreneurship Program (TEEP), which provides much needed opportunities to help stem the rising tide of unemployment and inequality facing the continent’s youngest citizens.

The agreement was signed in Abuja, Nigeria on 22 March 2019. Parminder Vir, the outgoing CEO of the Tony Elumelu Foundation signed on behalf of the foundation, while Mrs. Oley Dibba-Wadda, the Bank’s Director of Human Capital, Youth and Skills Development represented the development finance institution.

“Youth are not Africa’s future, but our present. When youth have the chance to succeed, economies across Africa will grow, job opportunities will increase and the quality of life for the people of Africa will improve,” said Dibba-Wadda.

Each year, more than 12 million youth enter the labor market, yet only 3 million jobs are created, leaving vast number of youth unemployed. Consequently, the poverty rate among youth in sub-Saharan Africa is 70%, and expected to rise if urgent action is not taken. The bank is committed to reversing this trend, working with public and private sector partners to help young people secure meaningful employment.

This year, the Tony Elumelu Foundation received a total of 215,000 entries from African entrepreneurs, up from 151,000 applications last year, with female representation from 62,000 in 2008 to 90,000 in 2019.

“These rising figures demonstrate the burning desire of the African entrepreneur to develop our continent; and we must urgently convert this passion into viable businesses to develop our continent” said Ifeyinwa Ugochukwu, the Foundation’s incoming CEO.

This is a good signal for African youth, and a testimonial to the fact that strategic alliances between African institutions can achieve great impact for the benefit of Africa’s young men and women.

The partnership is aligned to the Bank’s mission to leverage the expertise of African institutions, optimizing proven solutions that empower African youth at scale, while ensuring their active contribution to the socio-economic growth of the continent.

In 2018, the Bank secured $40 million for the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, in partnership with the Governments of Norway, Denmark, Sweden, Italy and the Netherlands. The fund is a grant vehicle managed by the Bank to support the African entrepreneurship ecosystem. Its interventions will equip Africa’s youth with the requisite tools to establish start-ups and micro, small and medium enterprises (MSMEs).

Launched in 2016, the Jobs for Youth in Africa initiative aims to create 25 million jobs and equip 50 million youth with the right skills to succeed in the digital economy. Through this initiative, the Bank has invested over $19 billion in 374 projects focused on job creation, youth entrepreneurship and equipping young people with the skills needed for a rapidly changing workplace.

 

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Buhari Taps Sunday Dare, NCC EC as Minister

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Mr Sunday Dare
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President Muhammadu Buhari has nominated Mr Sunday Dare, executive commissioner (Stakeholder Management) of the Nigerian Communications Commission (NCC) as the ministerial nominee from Oyo State.

 

Dare, a quintessential public servant was nominated alongside 42 others.

 

Until his appointment at NCC, he was the Convener of the Social Media Clinic (SMC), a Media/Information Technology (New Media) initiative committed to educating private citizens on IT development and also in the use of telecommunication as an information tool and creating awareness on how to responsibly use the platform provided by advancements in Information and Communication Technology (ICT).

 

He combined this role with being the chief of staff / special adviser (Media) to Ahmed Bola Tinubu, former Lagos State Governor.

 

He graduated with a Bachelor of Science (BSc.) in International Studies from Ahmadu Bello University in 1991.

 

He then proceeded to obtain a Master of Arts in Law and Diplomacy from the University of Jos.

 

He was a Freedom Forum Fellow and Visiting Scholar, School of Journalism – New York University (NYU) in 1998. He later proceeded to Harvard University under the prestigious Harvard Nieman Journalism Fellowship between 2000 and 2001 where he studied Media and Public Policy.

 

In 2011 he won the Reuters Foundation Journalism Research Fellowship, University of Oxford, UK where he researched “New Media and Citizen Journalism in Africa – A Case Study: Using New Media Tools and Citizen Journalism to Investigate Corruption in Nigeria.”

 

Dare has decades of multimedia journalism experience spanning about 25 years (1991 and 2016) when he was nominated as Executive Commissioner.

 

He was the Chief, Hausa Service, African Division, Voice of America (VOA) in Washington, DC from 2001 to 2009, where, apart from directing the production of radio and online broadcast news and programs daily, he designed and implemented the adoption of new IT and Telecoms tools for international radio news-gathering and information dissemination to boost audience size and expand reach.

 

He supervised the work of eleven (11) International Radio Broadcast Journalists based in Washington DC alongside 24 reporters/stringers based in West Africa for VOA.

 

He was a founding member of the Nigerian weekly magazines The News and Tempo in the heady days of the military, where he served as Editor, Tempo magazine and pioneer Online Editor/General.

 

He had been reporter/columnist with several international publications such as The Nation magazine in New York and a production editor/writer with the European funded Fourth Estate magazine during the struggle against military dictatorship in Nigeria.

 

In 2009, he became Senior Special Assistant (Media) / Chief of Staff to the Minister of Information and Communications during which he guided decisions on all media and communications related matters, government information dissemination and media policies under the purview of the Ministry.

 

He was at this time assigned to oversee aspects of the operations of the NCC and brief the Minister of Information and Communications on issues, challenges and opportunities in Nigeria’s emerging telecommunications market.

 

He also participated in strategic meetings between the office of the Minister, Information and Communications and the NCC leadership at that time, including being a member of the Minister’s advisory team on the sale of the 2.3GHz spectrum frequency.

 

Dare is a recipient of many awards and has been recognized internationally, including being identified as one of the 50 Leading Nigerians in North America 2010 in commemoration of Nigeria’s 50th Anniversary.

 

He also won the Voice of America Meritorious Honor Award 2009 in recognition of his skillful leadership and outstanding performance; and he also bagged a Committee to Protect Journalists Citation in 2000 by the New York based organization in acknowledgement of his courage as a journalist.

 

His published works include; Making A Killing – The Business of War (Public Integrity Books, Washington DC – March 2003), which won the Sigma Delta Chi International investigative award; Guerrilla Journalism: Dispatches From The Underground (Xlibris Corporation, USA. – March 2007); We Are All Journalists – Africa In The Age Of Social Media (Oxford University Press, UK – 2011) the product of Mr. Dare’s research at the Reuters Institute for the Study of Journalism, Oxford University; and Datelines – A Journalists’ Narrative (May 2016). Ongoing works include; Butting Heads – Traditional Media Versus Social Media – Who Blinks First and Marriage that Works – The Convergence of Telecoms & ICT.

 

He is a member and associate of several professional bodies including the US based International Consortium of Investigative Journalists (ICIJ) the Investigative Workshop, American University and a former Knight Fellow, International Center for Journalists (ICFJ), Washington DC.

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Tragedy Averted as Air Peace Crash Lands in Lagos

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Air Peace flight from Port Harcourt to Lagos experienced a hard landing which caused a tyre burst and damage to the aircraft’s nose wheel at the Murtala Muhammed International Airport (MMIA) in Ikeja Lagos.

 

The aircraft with 133 passengers and six crew members after making emergency landing reportedly veered off the runway on 18R.

 

However, passengers on board the flight were safely disembarked while authorities at the airport were swiftly mobilized to the scene.

 

The incident blamed on “sudden weather change” happened around 11:30 am, causing flight disruptions as the aircraft, a Boeing 737-300 with 5N- BQO, has not been evacuated from the runway as of the time of filing this report.

 

The 18R is the runway used by international flights while the other runway (18L) is only used for daytime operation at the domestic wing.

 

Mrs. Oluwatoyin Olajide, chief operating officer of Air Peace, who confirmed the incident said Captain Ajibola who commanded the flight and her crew handled the incident professionally.

 

According to the Airline, Capt. Ajibola noticed sudden weather changes when approaching Lagos and demanded to land on the International runway which is longer and wider than the domestic runway.

 

In a statement, Olajide said, “After landing safely and rolling to the runway exit, the nose gear developed a problem and partial collapse. The crew notified the airport authorities who quickly ensured the safe disembarkation of the passengers via the passenger door.

 

“We are committed to the safety of our passengers at all time. We will continue to operate in line with international practices and in accordance with regulatory guidelines. We are being assisted by the various authorities to determine to cause of the incident.”

 

Accident Investigation Bureau (AIB) said it was notified of the incident and has commenced investigation.

 

Akin Olateru, AIB Commissioner/CEO, called for public support, adding, “We want the public to know that we would be amenable to receiving any video clip, relevant evidence, or information any members of the public may have of the accident; that can assist us with this investigation.”

 

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Omotola Jalade-Ekeinde, Yetunde Babaeko, TeeA and Others Celebrate Steve Babaeko’s ADWeek Recognition In Lagos

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Leading actress, Omotola Jalade-Ekehinde, Media Entrepreneur, Fade Ogunro, Singer, Praiz, DJ Spinall, On-Air Personality, Gbemi Olateru Olagbegi, Media Personality ,Lamide Akintobi, Comedian and MC, Tee A and other friends, family and close associates of Steve Babaeko, the CEO/CCO of Nigeria’s leading advertising and media production company, X3M Ideas, gathered together on Sunday 21st July at The George Lagos Hotel, Ikoyi, to celebrate Steve Babaeko’s recent recognition by Adweek as one of the top 100 creatives in 2019.

Other guests included; Publisher YES Magazine, Azuh Arinze, CEO Red Media, Debola Williams, Publisher, Brand Crunch, Lekan Babatunde, Chief Strategy Officer, EbonyLife Films, Eunice Omole, CEO Plaqad, Gbenga Sogbaike, Creative Director, STB McCann Lagos, Samson Adeoye, Assistant General Manager, Operations, Channels Television, Kingsley Uranta, CEO ID Africa, Femi Falodun, CEO Smooth Promotions, Ayo Animashaun, Ace Producer & Director, Femi Odugbemi, Supervising Producer, CNN Africa, Stephanie Busari and CEO Daria Media Ltd, Kadaria Ahmed amongst others.

 

The annual honorary list was created by Adweek to celebrate trendsetters and innovators in creative industries across the globe whose ideas are advancing advertising worldwide.

Steve’s wife and ace photographer, Yetunde Babaeko, their three sons and other members of his family also graced the occasion to honour Steve for his distinctive contribution to the Nigerian advertising and creative industry.

 

Speaking at the event, Steve expressed his joy on the Adweek recognition and other accomplishments by him saying,

 

“I’m glad that Nigerian creatives and companies are rising up to change the African narrative and tell original stories.

 

“We are not erasing our history, we are simply redefining the future and this is birth from a place of passion, as well as hard work.

 

“I feel honoured to be celebrated today. We will keep pushing boundaries and changing the way Africa is perceived.

 

We will continue inspiring younger generations and challenge practicing creatives, because this is how we can move Africa forward.” 

Other international accomplishments by Steve Babaeko include being on the jury of the New York Advertising Festival in 2016, 2017 and 2018; serving as a judge at The Loerie Awards in 2017; and recently sitting on a panel at the Cannes Lion International Festival this June.

 

Steve Babaeko is the Vice President of the Association of Advertising Agencies in Nigeria (AAAN), and an associate member of the Advertising Practitioners Council of Nigeria (APCON).

 

His company, X3M Ideas, has also won numerous awards including the Marketing World Awards, Cristal Awards, and Lagos Advertising and Festival Awards.

Steve founded X3M Ideas, a digital advertising agency, in 2012 after an amazing advertising career that spanned over 15 years. The agency, today, is present in over four African countries, catering to some of Africa’s biggest brands like Globacom, Dangote and Multichoice.

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