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Unity Bank Holds 7thEdition of Corpreneurship Challenge; DolesOut N10M Grant to Corp Members

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Unity Bank Plc has handed out a total of N10 million in prize money as business grants to 30 NYSC members in the latest edition of its flagship Youth entrepreneurship and empowerment initiative, Corpreneurship Challenge held across ten states recently.

The competition, already in its 7th edition, produced the 30 winners during the final business pitch for the 2021 Batch C Stream I corps members, which took place simultaneously across 10 NYSC camps in Lagos, Bayelsa, Ogun, Benin, Enugu, Sokoto, AkwaIbom, Osun, Kano and Abuja.

Conceived as an Entrepreneurial Development Initiative in 2019, a part of the lender’s strategic drive to penetrate the youth market, the Bank doles out cash prizes of N200,000 as a business grant for each of the second runner up, N300,000 business grant for the first runner ups and a star prize of N500,000 for each of the Corpreneurship Challenge winners.

In this latest edition, some of the winners included Madukwe Juliana Uchenna, who claimed the star prize, while Michael Ngbede Barnabas and Akinpelu FadekemiItunu emerged as the first and second runner ups in the Bayelsa camp.

In Lagos, Olawale Moshood Mohammed, Ifeanyi David Agwu and Aderonke Victoria Ogunyade emerged winners to claim the cash prizes.

The competition has continued to elicit massive interest among the corps members and attracts no fewer than 1,000 applications on each edition. In this edition, 100 applicants were shortlisted, out of which, 30 emerged winners to claim the various cash prizes.

The contestants’ business plans which ranged from fish production, poultry farming, fashion, soap and cake making, printing, piggery to beverages were assessed on originality, marketability, future employability potential of the product and knowledge of the business.

One of the winners, a graduate of the University of Lagos, whose business plan on fingerlings farming won the star prize in Lagos NYSC camp commended Unity Bank for the opportunity, as he said the grant will be utilised to expand his business to bridge the growing deficit in fish supply in Nigeria.

He said: “I pitched about fingerling farming and that was because of the 2.5 million metric tonnes deficit in fish supply in Nigeria. That has encouraged me to try to bridge the gap and I really appreciate Unity Bank for this opportunity.

“I am very happy that they created this avenue to help entrepreneurs like myself, which will really go a long way to improve the economy of the country. This has been a family business and this grant will really help us to expand the business and work towards bridging the deficit.”

Speaking during the finale in Lagos, the Group Head, Retail, E-Business and SME Banking, Unity Bank Plc, Mr. OlufunwaAkinmade, said the competition is gradually maturing as Nigeria’s premium business contest for emerging entrepreneurs.

“We are satisfied with the level of progress we have made with the Corpreneurship Challenge. In every edition, we are excited to see that the level of interest keeps growing stronger and we are impressed with the quality of business ideas that the corps members keep churning out.

“As we have maintained, the grants are not a loan and we want the money to be directed towards profitable ventures. The winners must devote their time to learning the rudimentary lessons necessary to building a successful business.

“We emphasize that the budding entrepreneurs who take part in this initiative constantly think about the challenges they will face and put the same energy they all have displayed in preparing for this contest in their businesses as they face their post-service year ahead.”

Speaking further, Akinmade maintained that the Bank will sustain the programme in order to achieve a record impact on entrepreneurship support and job creation.

He said: “This is a programme that will stand the test of time, but all we are doing is to support NYSC corps members to start their own business no matter how small and then grow with it. Unity Bank is there and we are offering them a startup capital as well as business mentorship.”

 

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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9mobile Denies Shutdown Rumours, Promises Improved Services

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9mobile, telecommunications operator, has described as untrue the rumors suggesting that it has shut down its operations.

 

according to the telcos, these claims are entirely baseless and aimed at causing unnecessary panic among our valued subscribers, the mobile operator said in a statement.

“We understand that some customers have recently faced challenges, particularly with Mobile Number Portability (MNP), a service that enables seamless network switching.

“We want to clarify that 9mobile has never restricted customers from porting to other networks. We remain fully compliant with industry regulations and committed to delivering fair, transparent, and customer-focused services.

“While there have been temporary technical challenges affecting MNP, these issues have now been largely resolved. Some minor delays may still occur due to ongoing system optimizations, but we are actively working to ensure a smoother experience for all users.

“As a proudly Nigerian brand, we embody the resilient spirit of our people and remain steadfast in our commitment to overcoming challenges. We acknowledge the temporary service disruptions some customers may have experienced in different locations.

“However, we assure you that these disruptions are part of a broader transformation effort aimed at modernizing our infrastructure and improving overall service quality.

“Our ongoing investments in network upgrades and service expansion will soon yield significant improvements, ensuring reliable connectivity for individuals, businesses, and communities.

“We sincerely appreciate the patience and loyalty of our subscribers during this transition. While challenges exist, we are making significant progress and are confident that brighter days are ahead. We remain dedicated to providing exceptional service and keeping you connected to limitless opportunities”.


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TikTok and Truecaller Face NDPC Investigation Amid Data Protection Concerns

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Nigeria Data Protection Commission (NDPC) has initiated an investigation into the data processing practices of Tiktok and Truecaller, following growing concerns about potential privacy violations.

Dr. Vincent Olatunji, the Chief Executive Officer of the NDPC, made the announcement today during a press conference in Abuja, where he also revealed the issuance of the Nigeria Data Protection Act – General Application and implementation directive (NDPC Act – GAID), 2025.

Dr Olatunji stated that the commission’s primary concern is how these platforms manage Nigerian users’ personal data, including potential breaches of consent, data sharing with third parties, and overall compliance with the Nigeria Data Protection Act (NDPA), 2023. He confirmed that the NDPC is actively investigating Tiktok and Truecaller’s data processing activities to ensure they comply with Nigeria’s data protection laws.

“The goal is to safeguard the privacy rights of Nigerians and hold organizations accountable for how they collect, store, and use personal data,” he added.

This investigation comes amid increasing scrutiny of global tech companies regarding data privacy, especially concerning how personal information is processed, stored, and transmitted beyond national borders.

The NDPC act – GAID, 2025, issued today, provides a detailed framework for implementing Nigeria’s data protection law, outlining compliance guidelines, enforcement mechanisms, and obligations for both public and private organizations.

Dr Olatunji emphasized that the directive aims to strengthen Nigeria’s digital economy by fostering trust in data governance while ensuring individuals’ rights to privacy are respected in accordance with international best practices.

He reiterated that companies operating in Nigeria must comply with the country’s data protection regulations or face regulatory actions, including fines and potential restrictions.

The NDPC has urged the public to report any data privacy violations and reaffirmed its commitment to transparency and due process in its investigations.

The commission noted that reporting data breaches has become more accessible through dedicated channels on its official website.


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Nigeria Charts New Course to Bridge Gender Digital Divide at UN’s CSW69

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L-R: Esther Eghobamien-Mshelis - President of UN CEDAW, ⁠Iklima Musa - Special Assistant to the Director General of NITDA, ⁠Noimot Salako - Deputy Governor Ogun state, ⁠Maryam Ciroma - former minster of women affairs, ⁠Imaan Sulaiman- Minister of Women Affairs, ⁠Josephine Anenih - former Minister of women affairs and ⁠Dr Maryam Keshinro - Permanent Secretary - Ministry of Women Affairs at the United Nations 69th Session.
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In a resounding commitment to bridging gender digital divide, the National Information Technology Development Agency (NITDA), in collaboration with the Federal Ministry of Women Affairs (FMWA), has taken a decisive step toward closing the gender digital divide by presenting the National Gender Digital Inclusion Strategy (NGDIS) at the United Nations 69th Session of the Commission on the Status of Women (CSW69). Themed “Digital Harmony: Advancing Gender Inclusion by Empowering Women and Children for a Secure Digital Future,” the high-level event reinforced Nigeria’s commitment to fostering equitable access to digital technology, online safety, and economic empowerment for women and children.

L-R: Esther Eghobamien-Mshelis – President of UN CEDAW, ⁠Iklima Musa – Special Assistant to the Director General of NITDA, ⁠Noimot Salako – Deputy Governor Ogun state, ⁠Maryam Ciroma – former minster of women affairs, ⁠Imaan Sulaiman- Minister of Women Affairs, ⁠Josephine Anenih – former Minister of women affairs and ⁠Dr Maryam Keshinro – Permanent Secretary – Ministry of Women Affairs at the United Nations 69th Session.

Speaking at the event, Iklima Musa Salihu, Special Assistant to the Director General on Strategic Partnerships, presented the strategy, emphasizing NITDA’s role in driving digital transformation and creating opportunities for women and girls to actively participate in the digital economy.

The NGDIS, developed in alignment with Nigeria’s Renewed Hope Agenda and Sustainable Development Goals (SDGs) 5 and 8, seeks to remove barriers to digital inclusion by expanding access to digital skills training, infrastructure, and mentorship opportunities for women and girls.

Kashifu Inuwa Abdullahi, Director General of NITDA as represented by the SA, in his special remarks reaffirmed the Agency’s commitment to ensuring that Nigeria’s digital transformation is inclusive and equitable, highlighting NGDIS as a game-changer in achieving gender parity in the digital space.

He noted that the framework prioritizes digital literacy, entrepreneurship, safety, and gender-responsive policies to accelerate women’s participation in Nigeria’s growing digital economy.

The NGDIS is built on five core pillars that will drive women’s access, participation, and leadership in the digital ecosystem. It seeks to expand digital literacy and skills by ensuring at least 40% female participation in all national training initiatives.

Recognizing the role of women in Nigeria’s innovation and entrepreneurship landscape, the strategy emphasizes access to funding, mentorship, and technical assistance for female-led startups, leveraging the Nigeria Startup Act to increase financial and institutional support for women in the tech ecosystem. With 58% of young women globally experiencing online harassment, the NGDIS prioritizes online safety and cybersecurity awareness.

Speaking at the event, Minister of Women Affairs, Honourable Imaan Sulaiman, FSI, underscored the urgent need for action in tackling gender disparities in digital access.

She revealed alarming statistics that demonstrate the stark reality of the digital divide in Nigeria, highlighting that 68% of Nigerian women do not own smartphones, making it difficult for them to access online services and economic opportunities.

She stressed that this divide extends beyond access, as women and children face significant online risks, including cyber harassment, digital gender-based violence, and exclusion from the rapidly growing tech-driven economy.

She called for the swift implementation of the National Gender Digital Inclusion Strategy (NGDIS) 2024-2027, which seeks to remove the structural barriers that prevent women from fully engaging in the digital economy.

She emphasized the need for strong legal frameworks that would accelerate action in promoting digital literacy, providing safe online spaces, and empowering women to thrive in technology-driven industries.

She reaffirmed that President Bola Ahmed Tinubu’s Renewed Hope Agenda is committed to creating an inclusive digital future where no woman or child is left behind.

She urged all stakeholders to work together to transform digital access and security for women and children, making technology a tool for empowerment rather than exclusion.

As the world embraces the Fourth Industrial Revolution, NITDA in collaboration with stakeholders is taking bold and strategic steps to ensure that women and girls are not only participants but also leaders in the digital transformation journey.

The National Gender Digital Inclusion Strategy is a blueprint for action, providing a clear framework for accelerating digital inclusion, fostering entrepreneurship, and strengthening online safety for Nigerian women and children.


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