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2024 Winners Emerge, as FirstBank/JAN Partnership Produces 1.5m Student Entrepreneurs

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FirstBank in partnership with Junior Achievement Nigeria (JAN), a non-profit organisation has produced new winners in its 2024 National Company of the Year (NCOY) competition.

The 2024 competition held in Lekki, Lagos on Friday comprised of 12 schools representing different states, who were finalists from an earlier contest, locking horns.

Speaking at the event, First Bank Managing Director, Olusegun Alebiosu, said that with the announcement of the 2024 winners, they had achieved a new milestone of producing 1.

5 million student entrepreneurs.

Alebiosu said that the 2024 NCOY edition marked its 25th anniversary, having started the programme in 1999 and metamorphosing through various phases.

He said that the programme was part of efforts by the two organisations to inculcate entrepreneurship knowledge and practice among senior secondary school students.

The First Bank boss explained that the competition would help the students understand business organisation and operation.

He explained the importance of the bank’s sponsorship of the programme, while commending JAN’s consistency in nurturing young creative minds to drive national development.

Alebiosu, who was represented by the General Counsel of the bank, Raymond Mgbeokwere, said the competitions bridged the gap between the classroom and the larger world, while also commending the finalists.

He said the programme aligned with FirstBank’s FutureFirst Initiative, which was its financial literacy and career counselling programme, established to promote financial inclusion amongst the youth.

“This is why FirstBank, since the past 10 years, has been fully committed in its partnership with JAN, and sponsorship of the National Company of the Year competition.

“More than 1,500,000 young Nigerians in over 2,500 schools have been impacted through the Bank’s FutureFirst initiative, providing financial literacy, entrepreneurship and career counselling to students.

“We have also continued to strategically drive sustainability practices through our commitment to these innovative programmes organised by JAN,” he said.

Alebiosu added that the various innovations showcased at the competition revealed that there was hope for Africa.

He noted further that the 2024 theme – “Greenovation” showcased innovative solutions for environmental challenges in various sectors.

Alebiosu emphasised the importance of sustainability and the need for collaboration to tackle pollution, waste disposal and environmental infractions through recycling or upcycling.

Olaolu Akogun, Senior Programmes Manager, JAN, said the team of judges were carefully chosen from different fields to assess the businesses of participants.

He said that the businesses were assessed in terms of ideas, financial reports, presentations and exhibitions before winners were picked.

Akogun enumerated the benefits of the entrepreneurship programme in helping the students run real brands, marketing strategies and other factors required for an ideal company’s operations.

“So, what I would say instead is that we’ve raised 1.5 million young people that have what it takes to own their economic future,” he said.

The JAN manager gave examples of notable Nigerians running successful conglomerates who started with JAN and currently form part of its alumni body.

Report says that all the schools took turns to make presentations and answer questions before proceeding for exhibition and demonstration of their inventions.

Darun Noor Intercontinental School, Kano, whose company name was Smart Sprout Solutions, emerged overall winner of the 2024 NCOY competition for their invention of a Smart Sprinkler for farmers.

The school went away with First Bank’s cash reward of N500,000.00 and also qualified to represent Nigeria in Mauritius in an upcoming African competition.

The second prize went to Innovative Heritage School, Nasarawa, owners of De-Amazons, for producing organic marker ink from coconut shells, charcoal and used engine oil.

Ibesikpo Secondary Commercial School, Akwa Ibom, owners of Green Cycle, came third place for producing fashionable bags from recycled plantain stems.

Other awards won include best female leadership, CEO of the year, best Corporate Social Responsibility (CSR) and Public Choice. (NAN)

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NYSC Members Lack Nothing in Daura – Emir

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The Emir of Daura, Alhaji Faruk Umar- Faruk, says National Youths Service Corps (NYSC) members do not suffer anything in his domain, as they lack nothing.

The emir made the statement when he received the NYSC Coordinator in the state, Alhaji Ibrahim Sa’idu, on a courtesy visit on Thursday in Daura.

According to the emir, NYSC is the only programme left for all Nigerians that ensure unity, from government to communities and individuals.

Umar-Faruk called on all Nigerians to see the NYSC members as, ”Children of necessity, orphans who has no family, Children that also need assistance, protection, guidance and comfort.

“NYSC members should not be seen as vulnerable for exploitation and molestation, they should be provided with shelter, food and everything that will make them comfortable in any place they found themselves

“Corps members don’t suffer anything in my domain, they lack nothing, because I always do my best to ensure they are well accommodated.

He advised other communities in the country to do the same for the development and sustenance of the scheme, stressing that NYSC has done so much for the unity and integration of Nigeria after the civil war.

Earlier,  Sa’idu told the emir that he was in his palace being one of the critical stakeholders to report that he has resumed office as the new NYSC coordinator in the state, and also to request for his blessings.

The coordinator assured the emir that the scheme would continue to collaborate with the Emirate Council towards the development of the country and the nation’s unity.

The highlight of the visit was the presentation of the NYSC Katsina State End of Service Year Publication to the Emir. (NAN)

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Host Communities, Litigations Delay Trust Fund Implementation – HOSTCOM

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The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) says some delays in Host Community Development Trust (HCDT) Fund creation and implementation are caused by community members and litigations.

The HOSTCOM said pending issues by host communities in choosing members and chairman of the Board of Trustees (BoT) delayed the implementation of the HCDT funds.

Dr Benjamin Tamaranebi, National President, HOSTCOM, disclosed this to newsmen on Thursday in Abuja while making clarifications on recent claims on the Host Community Project Funding in Akwa Ibom.

Report says that  HCDTs are responsible for managing and distributing oil company funds to the host communities, ensuring that resources are used effectively for community development projects.

Host communities in Akwa Ibom had expressed frustration over the delayed release of funds by oil companies to HCDT which it said hindered the implementation of projects outlined in their respective development plans.

Community representatives from HCDTs in Ibeno, Eket, Mbo, Esit Eket, Uruan and Ikot Abasi LGAs claimed that the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) failed to enforce statutory sanctions on oil companies that delay funds.

Tamaranebi, who condemned the recent publication regarding alleged delays in funding development projects in host communities in the state, urged the public to disregard it as it was unfounded.

“We must state clearly that some of the delays of HCDTs creation are caused by community members and litigations over who wants to be a member and chairman of the Board of Trustees which has nothing to do with NUPRC.

“So, we advise communities to conduct themselves properly for the benefit of the HCDT funds,” he said.

He recalled that the NUPRC initiated the HCDTs Forum to meet with community representatives through its HCDT trustees to address broader issues and grievances ensuring continuous dialogue between host communities and the operators.

The national president said the forum had promoted transparency and accountability ensuring that community voices were heard at a higher level.

Tamaranebi said there was registration of reputable 34 asset/fund manager to invest 20 per cent of the three per cent Operating Expenses or Expenditure (OPEX) on behalf of the trusts.

“Some of the trusts are already benefiting from the dividend of this investments.

“These achievements underscore the commitment of the NUPRC and Settlors to the sustainable development of host communities.

“We encourage all stakeholders, including community members and operators, to maintain open lines of communication with the HOSTCOM or NUPRC,” he said.

On concerns regarding funding or implementation of projects, he urged parties to engage with HOSTCOM directly for resolution rather than resorting to public statements that may misinform or escalate tensions.

He added that HOSTCOM was actively monitoring the situation in Akwa Ibom and other states to continue to advocate for the rights and developmental needs of local communities.(NAN)

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Nigerian Army Emphasises Responsible Social Media use for National Security

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The Nigerian Army has stressed the importance of responsible social media usage in contributing to national security and development.

Maj. Gen. Sanusi Dahiru, Deputy Director-General of the Nigerian Army Heritage and Future Centre, made this remark at the 37th Nigerian Army Social Media Seminar in Calabar on Thursday.

Dahiru, who was the Special Guest of Honour said the seminar, noted that social media could shape the security environment but could also be misused to spread harmful content.

He encouraged Nigerians to support the army and promote community engagement.

On his part, Maj. Gen. Nosakhare Ugbo, Chief of Civil Military Affairs, emphasised responsible online behaviour to enhance national security.

He warned against spreading unverified information and urged Nigerians to be mindful of those sowing discord.

Dr Erasmus Ekpang, Cross River’s Commissioner for Information, acknowledged social media’s impact on society but also highlighted its negative tendencies, such as cyberbullying and depression.

He advocated for the military’s involvement in social media to address security challenges.

(NAN)

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