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Business News

We Must Join Hands to Lift Our Young Ones from Poverty to Prosperity – Tony Elumelu 

Tony O. Elumelu, Founder Tony Elumelu Foundation and Chairman UBA Group and Heirs Holdings charged everyone to join hands to lift Nigeria’s youth from poverty to prosperity.

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Tony Elumelu

Tony O. Elumelu, Founder Tony Elumelu Foundation and Chairman UBA Group and Heirs Holdings charged everyone to join hands to lift Nigeria’s youth from poverty to prosperity. He made this statement while receiving an Honorary Doctor of Business (Hon D.B) degree by one of Nigeria’s foremost universities, Bayero University, Kano.

According to the Vice Chancellor, Bayero University, Prof. Muhammad Yahuza Bello, Elumelu’s conferment was in honour of his immense contribution to human capital development across Africa and especially in Northern Nigeria. Through the Tony Elumelu Foundation, Africa’s leading philanthropy empowering entrepreneurship which he founded in 2010, he has empowered 7520 entrepreneurs across Africa; almost 1000 of the entrepreneurs are from Northern Nigeria.

In addition to the current beneficiaries, United Nations Development Programme (UNDP) recently partnered with Tony Elumelu Foundation to empower an additional 1,000 African entrepreneurs from the seven countries in Africa’s Sahel and Lake Chad regions, including the Northern Nigerian region. By the end of 2019, total beneficiaries of the Tony Elumelu Foundation will be 8,520.

l-r: Former Head of State, Gen. Yakubu Gowon; Chancellor, Bayero University, Kano(BUK), and Amanyanabo of Tom Brass, King Alfred Diete-Spiff; Founder, The Tony Elumelu Foundation and Group Chairman, United Bank for Africa (UBA), Tony Elumelu; and Chancellor, Chairman, Governing Council, BUK, Professor Ibrahim Gambari; and Vice Chancellor, BUK, Professor Muhammad Bello, during the conferment of Honorary Doctor of Business on Elumelu by BUK in recognition of his foremost contribution to the Africa’s economic development through the promotion of entrepreneurship and philanthropy……in Kano on Saturday

In his acceptance speech, Elumelu emphasized the importance of collaboration between the public and private sector to create more jobs on the continent. According to him, “Our young people need jobs that governments and big corporates alone cannot provide. By promoting entrepreneurship, creating favourable policies and building infrastructure to help these entrepreneurs, we enable them to create jobs, and become employers of labour”.

Elumelu commended the declaration made by the President of Nigeria, H.E President Muhammadu Buhari on Nigeria’s Democracy Day to lift 100million lives out of poverty. He stated that job creation and entrepreneurship will help to achieve this goal.

Elumelu said:

“There are a variety of ways to lift 100 million citizens from poverty, but two stand out. We can increase the number of jobs in the economy or we can create more opportunities for our young entrepreneurs to transform their ideas into small businesses that employ labour.

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“By promoting entrepreneurship, creating favourable policies and building infrastructure to help these entrepreneurs, we enable them to create jobs, and become employers of labour”.

Elumelu has been an active advocate for entrepreneurship as the key to catalysing the economic development of Africa. He has achieved this through empowering African entrepreneurs in the Tony Elumelu Foundation’s flagship Entrepreneurship Programme. In 2010, Elumelu and his family committed $100million to identify, train, mentor and fund 10,000 African entrepreneurs in 10 years Half-way through the commitment, he has empowered 7,520 African entrepreneurs across 54 African countries who have received $5,000 non-refundable seed capital, access to mentors and an intensive 12-week business training; a commitment which the President in his address said enviably complements some of the government-led initiatives aimed at enhancing the capital base of small businesses.

During the conferment, the Dean, School of Postgraduate studies, Bayero University, Professor Umar Pate commended Elumelu’s commitment to lifting young Africans out of poverty. In his citation he spoke of Elumelu as “an illustrious son of Africa that has excelled at home and abroad, an economist that has empowered countless people through job creation and philanthropy, and a symbol of the African spirit of hope.”

Elumelu ended his speech by speaking on the importance of gender inclusion and a focus on quality healthcare and education to develop the over 60% of Africa’s population – the youth. “For Africa to avert a demographic catastrophe, and achieve sustainable growth, we must support gender inclusion, education, healthcare and entrepreneurship,” he said. “National prosperity can only come from widespread economic empowerment. This empowerment will come from inclusion, education, healthcare, and entrepreneurship.”

Other awardees were Senator Bello Hayatu-Gwarzo, LLD, Dr. Folake Solanke, the first female Senior Advocate of Nigeria, LLD and Prof. Abdulkadir Dangambo. Guests at the ceremony included HRH Sanusi Lamido Sanusi, the Emir of Kano; H.E. General Yakubu Gowon, Former Head of State; Chief Alfred Papapreye Diete-Spiff, Chancellor Bayero University Kano; H.E. Abdullahi Umar Ganduje OFR, Governor of Kano State; and the visiting Vice Chancellors from over 25 Nigerian universities.

Editor’s Note: This is a sponsored content.

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Coronavirus

COVID-19 Update in Nigeria

On the 7th of March 2021, 269 new confirmed cases and 5 deaths were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 158,506 confirmed cases.

On the 7th of March 2021, 269 new confirmed cases and 5 deaths were recorded in Nigeria.

To date, 158,506 cases have been confirmed, 137,875 cases have been discharged and 1,969 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.54 million tests have been carried out as of March 7th, 2021 compared to 1.49 million tests a day earlier.

COVID-19 Case Updates- 7th March 2021,

  • Total Number of Cases – 158,506
  • Total Number Discharged – 137,890
  • Total Deaths – 1,969
  • Total Tests Carried out – 1,544,008

According to the NCDC, the 269 new cases are reported from 19 states- Enugu (78), Bauchi (37), Rivers (22), Imo (18), Ogun (16), FCT (15), Akwa Ibom (13), Kaduna (13), Kebbi (11), Kwara (9), Edo(7), Ekiti (6), Borno (5), Yobe(5), Kano (4) Nasarawa (3), Osun (3), Anambra (2) and Plateau (2).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 56,444, followed by Abuja (19,350), Plateau (8,944), Kaduna (8,658),  Oyo (6,766), Rivers (6,680), Edo (4,670), Ogun (4,437), Kano (3,844), Ondo (3,066), Kwara (2,962), Delta (2,582), Osun (2,457), Nasarawa (2,251), Enugu (2,156), Katsina (2,060), Gombe (2,010), Ebonyi (1,951), Anambra (1,813), Akwa Ibom (1,610), and Abia (1,588).

Imo State has recorded 1,569 cases, Borno (1,308), Bauchi (1,274), Benue (1,188), Adamawa (942), Niger (919), Taraba (863), Ekiti (834), Bayelsa (779), Sokoto (769), Jigawa (496), Kebbi (412), Cross River (334), Yobe (293), Zamfara (222), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

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On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

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On Tuesday, 2nd March 2021, the National Primary health Care Development Agency announced the arrival of the expected COVX Astrazeneca/Oxford covid-19 vaccines.

On Saturday, 6th March 2021, President Muhammadu Buhari and his vice, Yemi Osinbajo received vaccination against the covid-19 as the State House in Abuja.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

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Tech News

Twitter CEO auctions his first-ever tweet on Twitter, bidding at $2.5 million

Jack Dorsey is auctioning his first-ever tweet on a website that sells tweets as non-fungible tokens.

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Square buys $50 million worth of Bitcoins, Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 , Twitter founder, Jack Dorsey invest N2.3 million in Nigerian startup, DevCareer , Some Verified accounts may not be able to tweet, as Twitter freezes password reset to address cyberattack

Twitter CEO, Jack Dorsey is auctioning his first-ever tweet on Twitter “just setting up my twttr” on a website that sells tweets as non-fungible tokens (NFTs).

The tweet was listed for sale on ‘Valuables by Cent’ – a tweets marketplace that was launched three months ago. The tweet was first made in March 2006

The tweet received offers as high as $88,888.88 within minutes of Jack tweeting a link to the listing on” Valuables by Cent” on Friday.

Currently, bidding has reached $2.5 million (€2.1 million) indicating the potential in selling virtual objects that have been authenticated through blockchain technology.

The highest bid for the tweet — $2.5 million — came from Bridge Oracle CEO Sina Estavi. It topped cryptocurrency pioneer, Justin Sun’s $2 million bid.

The final buyer of the tweet will receive a certificate, digitally signed and verified by Jack Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents. Most of this information, however, is already publicly available.

According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remainder will go to the website.

What you should know

  • NFTs is a unique digital certificate that states who owns a photo, video, or other forms of online media.
  • Dorsey’s 15-year-old tweet is one of the most famous tweets ever on the platform.
  • Bidding had reached $2.5 million (€2.1 million) on Saturday, indicating the potential in selling virtual objects that have been authenticated through blockchain technology.
  • More people are currently bidding their tweets on the platform.

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