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Tunde Onakoya Emerges Business Insider Social Entrepreneur of the Year

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Tunde Onakoya Chess in Slums Africa initiative

By Adedapo Adesanya

The convener of the Chess in Slums Africa initiative, Mr Tunde Onakoya, has emerged as the winner of the Social Entrepreneur of the Year Award organised by Business Insider Africa.

The inaugural Business Insider Africa Awards recognised outstanding business leaders across Sub-Saharan Africa who have been instrumental to the growth and advancement of the region’s economic landscape.

There were 55 nominees, including some of the continent’s top business leaders, achievers, and innovators across various industries and sectors who have made noteworthy contributions to their various communities through charitable works and leadership roles.

After two weeks of intensive voting from people around Africa and beyond, 11 outstanding leaders emerged winners across each of the award categories, the organisers noted.

The recognition for Mr Onakoya comes at a time when he is getting recognition for his works to take children off the streets and provide them with a platform through chess among others.

“Although the NGO is barely two years old, its impacts are already being felt, even as leading global media companies such as Reuters and DW have taken note,” the organisers noted.

Embattled Flutterwave CEO, Mr Olugbenga Agboola, currently embroiled in a scandal revolving around unfair practices with the unicorn, emerged the winner of the Tech Investor of the Year Award.

Besides his current job at Flutterwave, he is also a notable investor in the African startup space. He recently partnered with Norrsken House to launch a $200 million fund to support growth-stage African startups.

Novelist, Ms Chimamanda Ngozie Adichie won the Creative Leader of the Year Award.

Business Insider Africa remarked that she is “one of the finest writers the world has seen in a long time, Adichie has written many best-selling and award-winning novels. Be it in Half of a Yellow Sun or Americannah; her stories are known to tackle societal issues, albeit in a refreshingly entertaining literary manner.”

Other winners were Ms Olajumoke Kujero who emerged winner of the Marketing Professional of the Year Award. She is the Head of Marketing at Jumia Nigeria, a role she has held since March 2020. Prior to working at Jumia, she worked as the Head of Marketing at Wakanow.

Mr Andrew Takyi-Appiah won the Fintech Leader of the Year Award. He is the co-founder and Managing Director of Zeepay, a Ghanaian fintech startup established in 2016. Prior to that time, he worked at UT Bank Ghana as a General Manager. He has held several other high profile positions in top firms, including PwC Ghana, PwC UK, Ecobank Transnational Incorporated and GTBank.

Mr Onyeka Akumah was awarded the winner of the Internet Entrepreneur of the Year Award. He is a Nigerian serial entrepreneur and the Co-Founder/CEO of Treepz – one of Africa’s largest shared mobility companies.

“Over the years, Onyeka has partnered with other entrepreneurs to launch several businesses, including Farmcrowdy – Nigeria’s first digital agriculture platform. Today, he sits on the board of leading tech startups across Africa and North America while constantly seeking ways to impact African youths through media and technology,” his winning profile reads.

Former Special Assistant to President Goodluck Johnson, Mr Reno Omokri was conferred as the winner of the Business Influencer of the Year Award. The UK-trained Nigerian lawyer was noted as a very active and influential voice across social media platforms, especially Twitter, where he discusses various topics, from career tips to business and the economy.

Mrs Tara Fela-Durotoye was crowned the winner of the Entrepreneurship Lifetime Achievement Award.

“Mrs Durotoye is a Nigerian beauty entrepreneur and the Founder/Chief Executive Officer of House of Tara International. She built the company from scratch into one of Africa’s most notable beauty brands. And in return, she has been recognised for her audacious entrepreneurial spirit,” her profile read.

Mrs Eunice Ajim was regaled as the winner of the Tech Serial Entrepreneur of the Year Award. She is Founding Partner at Ajim Capital, an early-stage fund targeting African startups. Prior to starting the company, she worked at Apple as a product consultant and held various positions at Texas-based OpenTeams.

Mr Gregory Rockson emerged as the winner of the Young CEO of the Year Award. The Co-founder and Chief Executive Officer of mPharma, an Africa-focused health tech startup started the company in 2013 and has served as its CEO since then.

The organisers remarked that, “Under his leadership, mPharma has raised about $88.2 million from investors and expanded operations to Nigeria, Zambia, Kenya, Uganda, Ethiopia, Gabon, Rwanda, Malawi and Ethiopia. Besides his work at mPharma, Gregory Rockson is also the Executive Chairman at Halsons Limited. The Ghanaian national is a World Economic Forum Global Shaper. He holds a Bachelor’s Degree in Political Science from Westminster College.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Power Outage in Nigeria as National Grid Collapses

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national grid collapse

By Aduragbemi Omiyale

Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.

This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.

Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.

However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.

On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.

One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.

“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”

Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.

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NLNG to Replace Vessels in Move Towards Decarbonisation, Sustainability

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Nigeria LNG Limited NLNG

By Adedapo Adesanya

The Nigerian LNG Limited (NLNG), which produces Nigeria’s Liquified Natural Gas (LNG) and natural gas liquids (NGLs) for export, is planning to replace all its vessels with modern ships within the next decade.

This was disclosed by Mr Nnamdi Anowi, the General Manager of Production, NLNG, during the World Leaders’ Panel session on Tuesday in Berlin, Germany, as part of the 2024 World LNG Summit and Awards.

Speaking at the event themed “Achieving the Balance Between Energy Security and Decarbonisation,” he said the company which was incorporated in 1989 was making plans to boost its vessels to ensure proper transportation of gas for export.

“We are making significant strides in our shipping operations. Over the next 10 years, we aim to transition from our current steam-powered vessels to modern ships.

“Earlier this year, we took a major step by entering into a long-term chapter of our first modern ship Aktoras, and we are already planning to acquire a second ship next year,” he said.

On the critical issue of net zero emissions, Mr Anowi said that NLNG aspires to achieve net zero emissions by 2040.

According to him, this goal is attainable through implementing a combination of solutions that include operational efficiency, natural sinks/offset projects, carbon capture and storage (CCS), net zero expansion, digital solutions and shipping efficiency.

“Our pathway to net zero aligns with Nigeria’s target of reaching net zero by 2060, while many major players in the industry are aiming for 2050.

“We are actively expanding our initiatives in this area, including several low-carbon projects,” he explained.

Regarding Liquefied Petroleum Gas (LPG), Anowi noted that the company had committed 100 per cent of its LPG production (propane and butane) to the Nigerian market.

He pointed out the urgent need for cleaner energy, citing a report that revealed that not less than 100,000 Nigerians died yearly from smoke inhalation caused by cooking with firewood, predominantly affecting women and children.

“This underscores our commitment to sustainability. It’s important to recognise that about 80 per cent of Africans lack access to cleaner energy.

“When discussing sustainability, we can not overlook the necessity of providing energy to these communities,” he added.

He further elaborated on NLNG’s strategy, stating, “Our objective at Nigeria LNG is to maintain safety, enhance capacity, foster growth, and future-proof our business.

“The recent transformation programme includes a rebranding initiative, evidenced by the unveiling of a new logo and the company’s renewed purpose: providing energy for life’s sustainability.

Mr Anowi also noted that NLNG was working diligently to improve its production capacity from 23 million tons to 30 million tons through its Train 7 Project.

“We are actively engaging with stakeholders and the government to ensure our LNG trains are filled by the end of next year,” he said.

On sustainability, Mr Anowi explained that 75 per cent of NLNG’s emissions result from its operations, with the remaining 25 per cent coming from its shipping activities.

He emphasised the importance of measurement, reduction, avoidance and mitigation strategies in their sustainability efforts.

He said that the company was also exploring CCS opportunities through partnerships with the government and other international oil companies.

“We are in the early stages of CCS implementation, assessing potential reservoirs for this purpose,” he said.

In terms of renewable energy, Anowi said that NLNG was investigating solar power projects at its offices in Abuja and Port Harcourt as part of its broader sustainability initiatives.

“We are committed to abatement efforts and are collaborating with experienced private companies to explore carbon credit opportunities.

“We must balance sustainability with affordability and reliability in energy supply.

“The African region must progress at its own pace, prioritising immediate energy needs before addressing long-term sustainability goals,” he explained.

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National Grid, Mr Ibu Among Top Trending Searches by Nigerians in 2024

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By Dipo Olowookere

Many events happened in 2024 in Nigeria but a few shook the nation because of their impact on residents of the country.

According to a report released by Google, the incessant collapse of the national grip, which plunged the nation into darkness, was among trending searches on its platform.

In the report made available to Business Post on Tuesday, the tech giant said this year’s results show a continued interest in the political and economic landscape, with searches related to the US elections, the new national anthem.

“The 2024 Year in Search offers a unique lens into the questions, interests, and conversations that shaped the lives of Nigerians this year.

“From cultural milestones to pressing concerns, these insights reflect how Search continues to be a valuable tool for users to navigate and better understand their world,” the Communications and Public Affairs Manager for Google West Africa, Taiwo Kola-Ogunlade, stated.

Google’s 2024 Year in Search for Nigeria showcased the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention in the year.

Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do.

The music scene in 2024 was marked by a surge in popularity for artists like Shallipopi and Khaid, who also featured prominently in the overall personalities list. The top trending song was “”I Don’t Care” by Boy Spyce”, followed closely by “Ozeba” and “Commas” by Ayra”. Nigerians also showed a keen interest in understanding the lyrics of various songs, with “Ogechi lyrics”, “Ozeba lyrics”, and “Omemma by Chandler Moore lyrics” leading the searches in the lyrics category.

This year, Nigerians continued to demonstrate a strong interest in entertainment with movies like “A Tribe Called Judah”, “Treasure In The Sky”, and “Damsel” topping the movie charts. The top TV series that captured the interest of Nigerian netizens included “Supacell”, “My Demon”, and “Queen of Tears”. In the culinary world, Nigerians explored diverse recipes with “Pornstar Martini recipe” leading the searches.

Concerns about personal well-being and global events were also reflected in search trends. Questions like “How much is dollar to naira today?”, “How to get perfectly defined curls for African hair?”, and “Who won the US presidential election?” topped the list of queries. Nigerians were curious about the meaning of words like “demure,” “steeze,” and “pet peeves,” turning to Search for answers.

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