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QNET’s FinGreen Empowers Women & Youth in Emerging Economies With Financial Literacy
![Mr. Biram Fall, QNET’s Regional General Manager (RGM](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2023/07/FROM-CHINENYE-2.jpg)
QNET, the international lifestyle and wellness direct-selling company, On the occasion of the 2023 International Literacy Day, reaffirmed its unwavering commitment to advancing financial literacy as a cornerstone for building sustainable and peaceful societies in emerging economies.
![Mr. Biram Fall, QNET’s Regional General Manager (RGM](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2023/07/FROM-CHINENYE-2.jpg?resize=394%2C394&ssl=1)
Mr. Biram Fall, QNET’s Regional General Manager (RGM)
As the world undergoes profound transitions, the importance of financial literacy cannot be overstated. In a world in transition, understanding and managing finances are essential for individuals and communities to thrive. Financial literacy forms the bedrock for creating stable and peaceful societies, aligning perfectly with the 2023 International Literacy Day’s theme: ‘Promoting literacy for a world in transition: Building the foundation for sustainable and peaceful societies.’
Speaking on this year’s International Literacy Day celebration, Regional Manager QNET Sub-Saharan African, Biram Fall, said, “In a constantly changing world, QNET’s FinGreen initiative remains steadfast in its mission to promote financial literacy. As we celebrate the 2023 International Literacy Day, we emphasize the crucial role financial literacy plays in constructing secure and peaceful societies. Through our flagship financial literacy program, FinGreen, we are dedicated to providing people with the knowledge and skills they need to make informed choices about their financial futures, ultimately contributing to a brighter, more stable world.”
The celebration of International Literacy Day offers the opportunity to accelerate progress towards the achievement of Sustainable Development Goal 4, “Quality Education”. One of the targets of this goal is to substantially increase the number of youth and adults with relevant skills, including technical and vocational skills, for employment, decent jobs, and entrepreneurship. A 2015 Nigerian Financial Survey states that Financial illiteracy is prevalent in urban and rural areas, with rates at 31.1% and 68.5%, respectively. Additionally, the study reveals that levels of education are generally low nationwide, as 50.7% of the adult population either lacks formal education qualifications or has only completed sub-primary education.
Biram Fall further said, “The ability to unlock possibilities and construct secure and peaceful societies depends on one’s level of financial literacy in a world that is constantly changing. Through our flagship financial literacy programme, FinGreen, we are dedicated to providing people with the information and skills they need to make educated choices about their financial futures and ensure a better future for themselves.”
The 2023 International Literacy Day theme embraces the reciprocal relations between literacy and other areas of development: Literacy is central to creating such societies, while progress in other areas of development contributes to generating interest and motivation in people. A Corporate Ownership & Control report clarifies that communities with higher levels of financial literacy experience lower crime rates and greater economic stability, as financial literacy is a determinant of individual wealth accumulation and social well-being.
Mr Abiodun Ajisafe, Managing Director, Transblue and QNET’s legal partner in Nigeria, also shared his insights on the importance of financial literacy in a world in transition: “Financial literacy is not just about managing money; it’s about empowering people to take control of their lives and make meaningful contributions to their communities. We are proud to partner with QNET’s FinGreen initiative in this noble endeavour. The programme’s second phase, launched in August, has received encouraging and wonderful responses and engagement from the participants as they reaffirm the value of our efforts in empowering participants with financial knowledge.”
The impact of QNET’s FinGreen program on emerging economies is tangible. Testimonials from beneficiaries of the Financial Literacy Programme, FinGreen phase 2, highlight the transformational power of financial literacy. A beneficiary of the programme’s second phase, Richard Adedayo, said, “I am thankful to have this chance, and I look forward to improving my financial situation as well as fostering empowerment in as many people as I can, particularly young people like myself. I want to make it a point to ensure that I educate other individuals about their financial situations.”
As the world embraces change and transitions into an uncertain future, QNET’s FinGreen remains committed to promoting financial literacy as a cornerstone for building sustainable and peaceful societies. Through partnerships, programs, and testimonials like these, FinGreen empowers women and youth in emerging economies to take control of their financial destinies and contribute to a brighter, more stable world.”
News
TikTok Returns on Apple, Google US App Stores as Trump Delays Ban
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/TikTok-Logo.png)
TikTok returned to the U.S. app stores of Apple and Google on Thursday as President Donald Trump delayed a ban on the Chinese-owned social media app and assured the tech giants they would not be fined for distributing or maintaining it.
The popular short video app used by nearly half of all Americans went dark briefly last month, before a law took effect on January 19 that requires its Chinese owner ByteDance either to sell it on national security grounds or face a ban.
The following day, Trump signed an executive order seeking to delay the enforcement of the ban by 75 days, allowing TikTok to continue its operations in the U.S. temporarily.
Although TikTok resumed service after Trump’s assurances, Google and Apple kept the app removed from their U.S. app stores.
TikTok, the second-most downloaded app in the U.S. last year, said on Thursday that its latest app was now available for download.
The delay could have been because Google and Apple were awaiting assurances that they would not be prosecuted for hosting or distributing the app, according to analysts.
Trump’s directive said the companies, which run mobile application stores or digital marketplaces where users can browse, download and update apps, would not face penalties for keeping the TikTok app up and running.
TikTok had more than 52 million downloads in 2024, according to market intelligence firm Sensor Tower.
About 52% of its total downloads were from Apple App Store, while 48% were from Google Play in the U.S. last year, Sensor Tower said.
The law that requires ByteDance to sell TikTok’s U.S. assets or ultimately face a ban was signed by then President Joe Biden last April, triggered by national security concerns and fears that China could use the video-sharing app to spy on American users.
The U.S. has never banned a major social media platform and the law that passed last year gives the government sweeping authority to ban or seek the sale of other Chinese-owned apps. Trump said on Thursday that his 75-day deadline on TikTok could be extended.
The turmoil at TikTok attracted several potential buyers, including former Los Angeles Dodgers owner Frank McCourt, who have expressed interest in the fast-growing business that analysts estimate could be worth as much as $50 billion.
Trump has said that he was in talks with multiple people over TikTok’s purchase and would likely have a decision on the app’s future in February.
News
FG Order MDAs to Close Commercial Banks’ Accounts, Enforce TSA Policy
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/TSA.jpg)
Federal government has directed all Ministries, Departments, and Agencies (MDAs) operating in states to close their accounts with commercial banks and fully comply with the Treasury Single Account (TSA) policy.
![FG Order MDAs to Close Commercial Banks’ Accounts, Enforce TSA Policy](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/AGF.jpg?resize=553%2C245&ssl=1)
Dr. Oluwatoyin Madein, accountant-general of the Federation,
The directive was issued by Dr. Oluwatoyin Madein, accountant-general of the Federation, during a working visit to the Federal Pay Office in Benin, Edo State.
This was disclosed in a statement released on Thursday by Bawa Mokwa, director of Press and Public Relations at the Office of the Accountant-General of the Federation.
Reaffirming the government’s commitment to the TSA policy, Madein warned that no MDA should operate accounts with commercial banks unless expressly approved by the President and officially communicated by her office.
The statement reads:
“While reiterating the Federal Government’s commitment to the Treasury Single Account policy, the Accountant-General of the Federation urged the Federal Pay Officers to monitor and ensure that Ministries, Departments, and Agencies in the States do not operate any account with the commercial banks or circumvent any provision of the TSA policy.”
She further stressed that any exceptions must follow strict guidelines, requiring presidential approval and formal communication from the Office of the Accountant-General.
Madein also tasked Federal Pay Officers (FPOs) with ensuring compliance, upholding transparency, and maintaining professionalism in their financial operations.
She warned against actions that could undermine the integrity of the Federal Treasury and emphasized the need for accurate financial record-keeping.
As part of ongoing reforms, she revealed that the Federal Government is constructing new Federal Pay Offices in some states to address infrastructure and operational challenges.
She assured that her office remains committed to the welfare of its personnel while enforcing compliance with financial regulations, including the Public Procurement Act and the Constitution.
Her visit to the Benin Federal Pay Office was part of a nationwide tour to assess the operations and challenges of Federal Pay Offices across the country.
News
NBRDA Investigates Biocatalysts for Bioethanol Production
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/NABDA.jpg)
National Biotechnology Research and Development Agency (NBRDA) is investigating the development of biocatalysts from underutilised bioresources through its Young Researchers Forum (YRF) research group for bioethanol production.
Prof. Abdullahi Mustapha, director general, NBRDA sated this in an interview conducted in Abuja on Wednesday
Biocatalysts, which can be either bacteria or enzymes, are biological entities that accelerate chemical reactions.
An alcohol-based fuel derived from renewable resources such as plants and algae is called bioethanol. It can be blended with petrol or used in place of it to cut down on petroleum use.
He asserted that bioethanol is crucial and that Nigeria has the means to fully investigate its possibilities, noting that the production of bioethanol will be helpful in setting up bioethanol plants.
“However, the catalyst for the fermentation of sugar to produce ethanol is what we are after, and we have it locally.
“When we isolate the biocatalyst, it is going to be useful in helping to establish a bioethanol factory, which will function very well due to our varying weather conditions,’’ he said.
Bioethanol has similar uses to fuels used to generate other classes of energy like heat, motor power, transportation, and electricity, the NBRDA chief added.
According to him, bioethanol is the most widely used biofuel in modern civilisation, and the process of turning biomass into bioethanol is receiving a lot of attention.
“Biological energies are renewable fuels with minimal pollution and play an important role in reducing greenhouse gas pollution, and one of them is bioethanol, which is obtained from fermentation operations.
“The world’s attention to the use of bioethanol as an energy source is focused on reducing the cost of production and increasing the efficiency of the ethanol industry.
“By consuming ethanol fuel instead of fossil fuels, the amount of greenhouse gas emissions known to be the cause of global warming will be somehow reduced,’’ Mustapha said.
According to the D-G, the creation of the Young Researchers Forum (YRF) demonstrates the agency’s efforts to support nation-building.
He added that young biotech innovators chosen from across the agency’s departments will use the conference as a training ground and launching pad.
The YRF, according to Mustapha, was a manifestation of his wish to establish an institutional framework for mentoring that would close generational divides.
He stated that one of the projects the YRF would concentrate on was the development of biocatalysts for the manufacture of bioethanol.
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