Moniepoint Partners Nithub UNILAG to Train HatchDev Participants

By Adedapo Adesanya The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced a plan to help Nigerian tech startups raise a total of $5 billion yearly in funding rounds by 2027. He disclosed the plan in the ministry’s 31-page Strategic Blueprint document titled Accelerating our Collective Prosperity through Technical Efficiency, released and seen by Business Post on Monday. Mr Tijani said the ministry’s primary objective is to stimulate the growth and sustainability of startups, with a specific focus on developing innovative solutions for critical sectors of the economy. “Recognising the critical role of patient capital in the

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, intends to close the world’s tech talent shortage by almost a quarter with Nigerian workers. He said this would be achieved through the federal government’s plan to train 3 million technical talents over the next four years. The initiative could help achieve President Bola Tinubu’s goal of creating a million tech jobs in the first two years of his administration. “I believe, based on data that LinkedIn has projected, Nigeria can fill about 23 per cent of the current global shortage in technology talents,” Mr Tijani

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has revealed that plans to onboard three million tech talents in Nigeria will be done in phases, starting with the training of 30,000 persons in the next three months. Appearing as one of the lead guests at Moonshoot by TechCabal, a two-day event organised by the tech publication in Lagos on Wednesday, he said his ministry would apply a 1-10-100 model, which by definition is a three-phase model. “We are using a 1-10-100-model. We are starting with 1 per cent of our 3 million target, and

By Adedapo Adesanya The federal government through the National Information Technology Development Agency (NITDA) has opened applications for a tech startup accelerator fellowship program to empower Nigerians with innovative ideas. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the preparations for the training commenced in August with a meeting of stakeholders in tech to co-create innovative ways to achieve the target. He added that the meeting was the first in a series of ecosystem engagements to ensure that the government gets the best solutions from within. The new initiative from the NITDA is part of the

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has assured information security stakeholders and the general public of its commitment to curb the rising cases of cyber attacks within Nigeria’s cyberspace. This was disclosed by the Director of the Payments System Management Department of the CBN, Mr Musa Jimoh, in his keynote address at the annual Information Security Society of Africa – Nigeria (ISSAN) Cybersecurity Conference in Lagos. He stated that the apex bank was firmly committed to building a sustainable payments ecosystem in the country. He also commended ISSAN for organizing the event, stressing that the apex bank

By Adedapo Adesanya The Ondo State government has intensified its efforts to build a deep seaport in the state as Governor Rotimi Akeredolu has received the Outline Business Case (OBC), which is one of the critical requirements preceding port declaration which reveals the project as a multi-purpose deep seaport. Speaking at the event in Akure, Mr Akeredolu noted that the level of cooperation for his administration to establish Port Ondo coupled with the confidence of the consulting firm on the viability of the project is a pointer to its eventual success. The Governor said the abundance of resources in the

By Dipo Olowookere Former spokesman of the President Goodluck Jonathan Campaign Organisation, Mr Femi Fani-Kayode, has been granted bail by a Federal High Court. Mr Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge bordering on money laundering to the tune of N26 million. He was arrested at the premises of a high court in Lagos last month, where he is facing a 17-count charge of money laundering ‎to the tune of N4.9 billion and then taken to Abuja by the EFCC. However, the Osun State-born politician was granted bail on Thursday by Justice

By Modupe Gbadeyanka No fewer than seven winners emerged in the final draw of the Paypoint Double Up promo organised by Quickteller, one of the leading consumer digital payments platforms in Africa. The winners were picked at an event held on Thursday, April 14, 2022, in Lagos in the presence of the Federal Competition and Consumer Protection Commission (FCCPC), the Lagos State Lottery Board (LSLB), and the National Lottery Regulatory Commission (NLRC). They were chosen from the Southwestern region of Nigeria and sorted from categories such as Silver, Gold, and Platinum. The last round saw four agents emerge winners in

By Modupe Gbadeyanka Shareholders of Law Union and Rock Insurance Plc will receive a reward of 2 kobo per share for the 2018 financial year, the board of the firm has declared. In a notice to the Nigerian Stock Exchange (NSE), the insurer said the dividend would be paid electronically on June 26, 2019 to shareholders whose names appear on the register of members as at May 31, 2019 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts. However, it stressed that the cash dividend is subject to approval

Nigeria’s latest Consumer Confidence Index (CCI) for the third quarter of 2018 has shown a four point decline to 118, while Ghana’s CCI for the same quarter has risen five points to 113, all in all a fairly stable picture for West Africa, a new report by Nielsen Africa has revealed. In terms of Nigeria’s performance, Nielsen Sub Saharan Africa MD Bryan Sun noted that, “The combined effects of the slowdown in economic growth, the strain of continued high inflation, and the current political climate with the upcoming elections, have led to a drop in consumer confidence in Nigeria. “Consumer

By Modupe Gbadeyanka For the second straight year, Olam has been certified the Top Employer Institute, a global authority on recognising excellence in people practices, as the Top Employer in Africa. The agri-business firm having was certified as an employer of choice in the African region for 2022 at a virtual event held on January 20, 2022, to celebrate businesses with stellar HR practices globally. The auditing survey from the Top Employers Institute highlighted Olam as excelling in each of the assessment categories, which included people strategy, organisation and change, career development, digital HR, work environment, employer branding, talent acquisition