Metro
FirstBank Felicitates with Junior Achievement Nigeria on Nobel Peace Prize Nomination
In recognition of its giant strides and efforts, Junior Achievement Worldwide – the parent body of Junior Achievement Nigeria and other Junior Achievement across 119 countries, saddled with the responsibility of equipping young people to solve societal issues whilst building an entrepreneurship mindset, has been nominated for the 2022 Nobel Peace Prize.
Asheesh Advani, CEO of JA Worldwide, shared his perspective in response to the nomination: “Peace is only possible when youth in all countries and regions have economic empowerment. JA Worldwide is honored to receive this nomination and will continue our work to enable all young people to have the skills and mindset to build thriving communities. Our primary hope for solving the world’s most complex problems rests in the young people of today who will be the leaders of tomorrow.”
The nomination has received commendations from various individuals and corporate bodies across the world, especially those that have been partnering with Junior Achievement to promote self-sufficiency amongst the youth in their quest to making the world a better place.
Amongst the organisations is First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The financial services heavyweight has remained at the forefront of driving youth development and career building in the country.
FirstBank has been partnering with Junior Achievement Nigeria (JAN) to implement FutureFirst programme which is built around career counselling, financial literacy and entrepreneurship. In the last 11 years, the bank, through its partnership with JAN, has hosted its annual flagship event- the National Company of the Year Competition (NCOY)- which convenes winners of the JA Company Regional Competitions across Nigeria to compete for the National Company of the Year Award.
Excited about the nomination, FirstBank’s Group Head, Marketing & Corporate Communication, Mrs. Folake Ani-Mumuney said, “we are proud to be associated with Junior Achievement on the nomination of 2022 Nobel Peace Prize. The nomination is certainly well deserved given the depth and reach of the organisation’s impact on the society based on its programmes worldwide. As an institution that remains woven into the fabric of the society, we are truly delighted for this recognition and it would further reinforce our commitment to drive youth development and empowerment in partnership with JAN’’.
In response to the news, Executive Director of JA Nigeria (Foluso Gbadamosi), commented: “It’s an honour to be part of the JA Network and we join our colleagues across the world in celebrating this recognition of our efforts to educate and empower young people across the world. Through our unique blend of entrepreneurship, digital literacy, financial literacy, and work readiness programs, we, at JA Nigeria, aim to ensure that Nigerian youth, regardless of socioeconomic status, maximise their potential and take ownership of their economic future as they become leaders of tomorrow”
Nominations may only be received from heads of state and certain elected officials, university professors in selected fields, past Nobel laureates, and a few other notable individuals. Although the identity of each nominee is officially to remain anonymous for 50 years, we have received permission to share with you that we were nominated by a distinguished Professor of Law and International Affairs who was impressed by JA’s incredible global reach, our success in delivering economic empowerment to youth at scale, and our ability to find unity in diversity.
About Junior Achievement Nigeria
Junior Achievement Nigeria (JAN) is part of Junior Achievement Worldwide (JAWW), the world’s largest and fastest-growing non-profit economic education organization with a 120-country network. Since its inception in 1999, JAN has reached over one million students in over 20,000 classrooms in all the 36 states across the country and the FCT through over 5000 volunteers. As part of a global network, JAN can leverage resources and expertise to deliver localized cutting-edge experiential programs built on JAWW’s three pillars of work Readiness, Entrepreneurship, and Financial literacy, to in- and out-of-school youths, ages 5 to 27, free of charge.
The Court of Appeal in Abuja has ordered a stay of execution of the judgment that directed the Independent National Electoral Commission to deregister the African Democratic Congress and four other political parties.
In a unanimous decision on Tuesday, a three-member panel led by Justice A. B. Mohammed condemned Justice Peter Lifu of the Federal High Court in Abuja for flouting a May 22 order that directed him to suspend proceedings before him, describing his conduct as the gravest form of judicial misconduct.
“The decision of the lower court to proceed with the judgment despite the express order of this court is a brazen violation of the hierarchy of the court and the 1999 Constitution,” the panel held.
The appellate court went further, invoking a Supreme Court precedent to characterise Justice Lifu’s conduct in the harshest terms available to it.
The court said it had a duty to assert its supervisory authority over lower courts and protect the integrity of the judicial hierarchy.
“Courts are enjoined to protect their integrity. This court has supervisory authority over the trial court. This court has the duty to invoke its powers in ensuring that its orders are obeyed. The application for stay of execution is hereby granted. The enforcement of the judgment is stayed,” the panel ruled.
By Tolulope A. Adegoke PhD
Democracy, at its best, represents far more than periodic elections or formal institutions of government. It is a living covenant between the state and its people — one that promises participation, accountability, justice, transparency, and the genuine opportunity for collective advancement. In Nigeria, Africa’s most populous nation and a key actor on the global stage, the interplay between democracy and the prosperity of its citizens remains central to the nation’s future. When democracy is nurtured with sincerity and competence, it becomes a powerful driver of human development, economic growth, social cohesion, and national stability. When it falls short, it risks breeding disillusionment, inequality, and unrest. This write-up examines this vital relationship, reflecting on Nigeria’s democratic journey, its impact on citizen well-being, persistent obstacles, and realistic pathways toward a more secure, prosperous, and hopeful future for all Nigerians.
The Promise and Practice of Democracy in Nigeria
Nigeria’s return to civilian rule in 1999 ushered in the longest stretch of uninterrupted democratic governance in the country’s post-independence history. The 1999 Constitution, despite its imperfections, enshrines core principles such as separation of powers, fundamental human rights, federal character, and regular elections. For millions of Nigerians, democracy symbolises the chance to have a voice in shaping their destiny and to benefit from responsive governance.
True democratic prosperity goes beyond economic statistics. It encompasses improved access to quality education, healthcare, security, infrastructure, decent employment, and equal opportunities. When citizens experience tangible improvements in their daily lives as a result of democratic processes, public trust in institutions grows stronger. Conversely, when prosperity remains elusive for large segments of the population, democratic legitimacy weakens.
Nigeria has recorded notable achievements within its democratic framework. The liberalisation of the telecommunications sector, banking reforms, the rise of the creative economy (Nollywood, music, and digital content), and increasing participation in regional trade agreements such as the African Continental Free Trade Area (AfCFTA) all occurred in a democratic environment that enabled private enterprise and innovation.
Persistent Challenges on the Path to Prosperity
Despite these gains, significant gaps remain between democratic aspirations and lived realities. Nigeria continues to grapple with high rates of multidimensional poverty, youth unemployment, and widening inequality. Many citizens, particularly in rural areas and among vulnerable groups, feel disconnected from the dividends of democracy.
Key challenges include:
- Insecurity: Persistent threats from insurgency, banditry, kidnapping, and communal conflicts continue to destroy lives, displace communities, and discourage investment.
- Economic Structure: Over-reliance on oil revenue, weak industrial base, and limited value addition in agriculture and solid minerals constrain broad-based prosperity.
- Institutional Weaknesses: Corruption, uneven policy implementation, and limited coordination across government levels often undermine development efforts.
- Human Capital Deficits: Inadequate investment in education, healthcare, and skills development leaves many young Nigerians unprepared for the demands of a modern economy.
- Electoral and Governance Issues: Concerns about electoral integrity, political patronage, and policy inconsistency sometimes erode public confidence.
These issues are not unique to Nigeria. Many democracies worldwide, especially in developing contexts, face similar tensions between democratic ideals and developmental outcomes.
Practical Pathways to a Deciding and Fruitful Democratic Future
For democracy to truly assure prosperity for the Nigerian citizenry, deliberate and sustained actions are required across multiple fronts:
1. Strengthening Institutions and Accountability Independent and well-resourced institutions — particularly the judiciary, anti-corruption agencies, and electoral bodies — are essential. Transparent appointment processes, adequate funding, and robust oversight mechanisms can significantly reduce impunity and enhance public trust.
2. Inclusive Economic Transformation Nigeria must accelerate economic diversification by investing heavily in agriculture, technology, manufacturing, renewable energy, and the creative industries. Policies should deliberately target small and medium enterprises, women, and youth. Human capital development through quality education, vocational training, and digital skills must become a national priority.
3. Security as a Foundation for Prosperity A holistic security strategy that combines effective law enforcement with community engagement, intelligence-led operations, and massive socio-economic interventions in affected regions is vital. Addressing the root causes of conflict — poverty, unemployment, and marginalisation — is as important as tactical responses.
4. Youth and Women Empowerment With a predominantly youthful population, Nigeria’s greatest resource is its people. Deliberate investments in youth entrepreneurship, innovation hubs, sports, and leadership development can transform demographic pressure into a powerful dividend. Similarly, gender-inclusive policies that enhance women’s access to education, finance, and political participation will accelerate national progress.
5. Deepening Democratic Culture and Participation Civic education, responsible media, and active citizen engagement beyond election periods are crucial. Citizens must be empowered to demand accountability while contributing constructively to nation-building.
6. Leveraging Regional and Global Opportunities Nigeria should continue to play a leadership role in ECOWAS and the African Union while attracting responsible foreign investment and technology transfer. Successful democratic governance and economic progress in Nigeria can serve as a beacon for other African nations.
Relevance to the Wider-World
Nigeria’s democratic experience offers valuable lessons for other nations navigating the complex relationship between democracy and development. It demonstrates the resilience of democratic ideals even in challenging contexts, the power of a vibrant civil society, and the potential of a youthful population. At the same time, it highlights the universal truth that democracy must deliver tangible results to remain legitimate and sustainable.
Conclusion: Democracy as an Assurance of a Fruitful Future
Democracy remains the most credible pathway to sustainable prosperity for the Nigerian citizenry. While challenges persist, they should not overshadow the progress achieved or the immense potential that still lies ahead. The deciding factor for a fruitful future lies not in abandoning democracy, but in deepening, refining, and perfecting it.
This requires visionary and ethical leadership that prioritises the common good, active and responsible citizenship that demands accountability, and institutional reforms that translate democratic promises into tangible improvements in people’s lives. When democracy truly works for the people — delivering security, opportunity, justice, and dignity — it becomes the strongest assurance of a stable, prosperous, and hopeful future.
Nigeria stands at a critical crossroads. The choices made by leaders and citizens today will determine whether the promise of democracy translates into widespread prosperity or remains an unfulfilled aspiration. With courage, wisdom, collective commitment, and sustained effort, Nigeria can build a democracy that not only endures but genuinely serves the aspirations of its people — offering inspiration to many nations facing similar journeys around the world.
The future of the Nigerian citizenry can be brighter — if democracy is well defended, strengthened, and made to work for all.
Dr. Tolulope A. Adegoke, AMBP-UN is a globally recognized scholar-practitioner and thought leader at the nexus of security, governance, and strategic leadership. His mission is dedicated to advancing ethical governance, strategic human capital development, resilient nation building, and global peace. He can be reached via: tolulopeadegoke01@gmail.com, globalstageimpacts@gmail.com
There was panic on Friday after human rights activist, Omoyele Sowore, collapsed following a confrontation with the police during a Democracy Day protest at the Unity Fountain in Abuja.
Reports said that Sowore collapsed after police operatives moved to disperse protesters gathered to demonstrate against insecurity, economic hardship and bad governance.
The demonstrators were dispersed after security personnel fired teargas canisters at the protesters in an apparent attempt to break up the gathering.
Following the incident, Sowore has reportedly been taken to an undisclosed hospital for further examination and treatment.
