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NCOY: FirstBank Powering Next Generation of Innovators, Entrepreneurs

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What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers – accurate or near-accurate answers, that is – to the third, however, will rely entirely on the ability to predict/envision the future and work to invent and create the predicted future.

With a continuing shining legacy of nation building – supporting innovative financial, commercial and other developments in Nigeria and even Africa – one bank is already projecting beyond today to the year 2094 – exactly 200 years from its founding in 1894. The bank, First Bank of Nigeria Ltd, is not just predicting a bright, innovative future for Nigeria but is going all out to foster what is required to invent it. FirstBank is putting its money where its mouth is. The bank has been betting the farm on Nigeria’s young and emerging generation for decades.

Take the last two decades, for example. FirstBank has been involved with Junior Achievement Nigeria (JAN) for over twenty years as one of the many ‘fronts’ in the bank’s engagements with the next generation of Nigerians to collaboratively create the bright, innovative future that Nigerians dream of. For ten years now, FirstBank has been supporting the National Company of the Year (NCOY) competition, an extension of the JAN Company Programme, designed to help senior secondary school students better understand how businesses are organised and operated. The students will be required, during the course of the competition, to develop a business plan, establish production and sales of goods and services for their company, monitor progress toward goals at regular department and company meetings, maintain complete financial records, compile a report to stockholders, and liquidate the company at a given period with the support of a volunteer.

FirstBank’s partnership with JAN on the National Company of the Year competition has meant a decade of impact and innovation illustrated by the very nature of innovative products and services created by young minds to solve real problems facing society and the business systems they put in place in form of student companies to successfully produce and market the products and services sustainably and to impact their local communities. Consider the growing problem of fire accidents and deaths from gas explosions resulting from gas leakage in homes, offices and industries. The students from Taidob College, Abeokuta, through their student company, TC Achievers, created an innovative solution to address it.

TC Achievers produced a domestic and industrial gas leakage detector – a device which raises an alarm and sends SMS to the owner’s mobile phone once there is any gas leakage. Their innovative device fetched TC Achievers first position in the regional competition in Ogun State and at the national level in Lagos, earning them the right to represent Nigeria in Ghana at the 2019 African Company of the Year competition. Taidob College emerged from Ghana with four awards, the most by any of the participating Junior Achievement member countries, including Botswana, Eswatini (Swaziland), Gabon, Ghana, Kenya, Mauritius, South Africa, Uganda, Zambia and Zimbabwe. The Nigerian representatives won the following: Client Focus Award, Entrepreneurial Spirit Award, Facilitator of the Year Award and were second runners-up for Company of the Year Award.

The 2018 National Company of the Year competition winners who went on to emerge the grand winners at the Africa Company of the Year competition in Ghana same year, Inventive Explorers from Caro Favoured College, Ajegunle, Lagos were concerned about traffic accidents, especially in areas with school children crossing busy streets. Their innovative device, a rechargeable handheld LED traffic light, was designed to solve this real problem faced by various congested communities. Besides the grand prize at the Africa Company of the Year competition, they also brought back home the Access Award, given to the business that best exhibits the principles of global connectivity.

Guided by the same spirit of innovativeness and enterprise and a passionate desire to solve a real problem facing society that were at work when TC Achievers and Inventive Explorers devised their award-winning innovative solutions, the first runners-up in 2018, Brain Max, the student company formed by student representatives of Government Girls Secondary School, Abaji, Abuja designed a website and software application for connecting local produce farmers directly to their customers. Brain Box also won Best Corporate Social Responsibility Project Award on account of which they visited camps of Nigeria’s internally displaced persons (IDPs) to provide financial literacy and entrepreneurship education to occupants, including helping the IDPs to secure seed funding. It was the same inspiration for the second runners-up, Sharon Glory Ventures, the student company formed by students of Sharon Rose College, Saki, Oyo State who produced a water-level indicator to enable homeowners to determine the level of water in their tanks. Sharon Global Ventures also received the award for the Most Innovative Product.

In 2020, given the global COVID-19 pandemic, the FirstBank-sponsored National Company of the Year competition will be conducted virtually. The virtual format will, however, not take anything away from the allure and competitiveness that the competition has been noted for over the years. This year’s unique competition, holding on Saturday, 12 December 2020 at 3 p.m. (West/Central African time), will bring together six outstanding student companies across Nigeria to lock horns for a lifetime opportunity to carry Nigeria’s flag at the JA Africa Company of the Year competition later in the year, and possibly repeat the feat achieved by the 2018 Nigerian representatives.

The Virtual Company of the Year (VCOY) competition is the culminating point for the implementation of the Virtual Company Programme. The goal of the VCOY is to create a signature showcase for JAN and the students who benefited from the impact of the digital JA Company Programme. This pilot programme will be in two stages where the first stage will identify the top business ideas from each region and select the top five most viable business ideas and reward them with seed funding to fully develop their ideas into businesses. The second stage of this competition sees the introduction of top professionals across different sectors who would serve as the panel of judges to determine each student company’s performance against a set of established criteria. Judges look out for evidence of innovation and application of new ideas in all aspects of business and select the best team to represent Nigeria at the Africa Company of the Year competition.

Whichever student companies emerge as winners of the 2020 National Company of the Year competition, one thing is certain: All the participants, not just at the national level but also at the regional levels, will join the ever-growing and rapidly-expanding crop of young minds engaged, trained, prepped and reoriented in a FirstBank-sponsored empowerment programme to become innovative and entrepreneurial thinkers and problem solvers. The bank is supporting such programmes so the young participants will join it in the arduous task of nation building and inventing the desired future for Nigeria. FirstBank is confident that the young minds who come through the JAN Company of the Year competition will be Nigeria’s future Steve Jobs, Bill Gates, Warren Buffet, Jeff Bezos, Mark Zuckerberg, Richard Branson, Larry Page and Sergey Brin. In their time and in the envisioned future for Nigeria, the country will stand tall, unintimidated by her Western counterparts, having been catapulted to the status of a leading developed nation by the young and emerging generation FirstBank has been betting big on for years.

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2027: INEC Urges Oba of Lagos to Caution Politicians Against Divisive Campaigns

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The Independent National Electoral Commission (INEC) has urged the Oba of Lagos, Oba Rilwan Babatunde Osuolale Aremu Akiolu, to caution politicians against divisive conduct as campaigns for the 2027 general elections intensify.

INEC Chairman, Prof. Joash Amupitan, made the appeal on Tuesday when he led officials of the commission on a courtesy visit to the monarch at Iga Idunganran on Lagos Island.

The visit was part of activities marking the conclusion of INEC’s South-West Zonal Readiness Assessment and Staff Interactive Session.

Amupitan urged the Oba to deploy his influence as a traditional ruler and father to politicians across party lines to encourage issue-based campaigns and discourage personal attacks, hate speech and inflammatory rhetoric.

He said: “We urge you, as a father to all politicians regardless of their party affiliations, to counsel them to focus on issues rather than insults. Let them debate policies, not personalities”.

The INEC chairman described traditional institutions as important pillars of peace and social cohesion, stressing that their influence was critical to ensuring a peaceful electoral process.

According to him, while INEC is deploying technology to strengthen the electoral process, technological innovations alone cannot guarantee peaceful and credible elections without the cooperation of citizens and traditional institutions.

He appealed to the Oba of Lagos and the Lagos Traditional Council to support the commission in mobilising residents to participate actively in the electoral process.

Amupitan said the National Register of Voters was fast approaching 100 million, adding that managing the electoral process across the 36 states and the Federal Capital Territory required not only technical preparedness but also the cooperation and moral support of traditional institutions.

According to him, traditional rulers remained enduring anchors of their communities, whose influence extended beyond political parties and electoral cycles.

The INEC chairman sought the monarch’s support in encouraging eligible residents to complete their voter registration and collect their Permanent Voter Cards (PVCs).

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NDC Condemns Attack on Obi’s Convoy in Benue

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The Nigeria Democratic Congress (NDC) has condemned the alleged attack and obstruction of its presidential candidate, Peter Obi, during his visit to Benue State.

The NDC National Publicity Secretary, Osa Director, said Obi’s convoy was blocked by suspected thugs who prevented him from gaining access to Yelwata community, where more than 270 people were reportedly killed.

The statement alleged that the group led by an aide of Governor Hyacinth Alia, and was armed with dangerous weapons.

The statement read: “According to reports, the group was allegedly led by an aide to the Benue State governor, Rev. Fr. Hyacinth Alia.

“Armed with dangerous weapons, they blocked Obi’s convoy and prevented him from gaining entry into Yelwata community, where over 270 people were reportedly massacred.

“In his own words, Mr. Obi stated: “I arrived in Benue this morning at about 9 am with the intention of visiting the victims and families affected by the horrific killings in Yelwata. Unfortunately, we were stopped from proceeding to the community by thugs chanting, ‘Peter Obi, go back.’

“The NDC finds it deeply troubling and condemnable that a visit intended solely to mourn with grieving families, offer solidarity, and listen to victims about how to prevent future tragedies was obstructed in this manner.

“Mr. Obi further stated: “I came to Benue not for politics but to mourn with our people, to listen to families who have lost loved ones, and to offer our solidarity during a moment of unimaginable pain. At a time when our nation should be united in grief and committed to preventing further loss of life, we must avoid actions that deepen divisions.”

“The NDC believes that Benue and all Nigerians deserve to live, sleep peacefully, travel safely, and farm their lands without fear. Above all, they deserve a government that priorities the protection of human life above every other consideration.

“Although access to the community was denied today, the hearts and prayers of the NDC and our presidential candidate remain with the victims, their families, and the entire Yelwata community.

“We will not be deterred. The NDC will persist until we restore the fundamental responsibility of government: the protection of every Nigerian’s life.

“We call on the Benue State Government and relevant security agencies to immediately investigate this incident, bring the perpetrators to justice, and guarantee the safety of all citizens and leaders who seek to show solidarity in times of grief.”

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Food for Living: Trust Your Wings

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By Henry Ukazu

Dear Destiny Friends,

Wing means different things to different entities. To a bird, it means the ability to fly; to an angel, it means a medium of delivering goodwill messages; to a bat, it’s seen as a form of movement from one spot to another, and many more. The million dollar question, therefore, is what’s the purpose of a wing to you as an individual? To fly, to jump, or have fun with?

We all have wings, no doubt, but most people are not in the habit of using their wings well. Some even use their wings for the wrong reasons. But your wings can serve as an asset to your personal and professional development if properly activated.

To drive home how wings can serve as a tool for enhancement, I will explain using a bird. As we all know, a bird’s wing is for flying. The eagle is considered the king of the sky or king of the air because its ability to fly far above the earth and reach great altitudes represents untethered freedom, liberation from bondage, and a perspective that rises above worldly troubles.

The reason the eagle can fly is simply because of its wings. The wing does not depend on the eyes to fly; no, the eye serves a unique purpose that enables the eagle to see what other birds can’t see. The eagle’s eye gives it clarity, hyper-focus, heightened awareness, and the ability to see the bigger picture beyond immediate distractions.

The birds are not an exception. Do you know that if a bird lands on a branch, the branch does not break; even if it breaks, the bird is not scared of falling because it trusts its ability to fly because of its wings. Let me ask you a question: when a bird lands on a branch of a tree, does it trust the branch not to break, or does it trust its ability to fly? One may say both to an extent; however,  I will say the bird will trust its wings more because the bird ought to have common sense to know what can protect and sustain it, and that is its wings.

The main reason the bird won’t be scared is simply because of its wings. The bird knows that even if the branch breaks or falls apart, it won’t fall; rather, it will fly away to safety. This is how simple life works: most times, we depend on people, money, and other things to succeed, but the main person we ought to depend on is God, as well as believe in ourselves. And to believe in ourselves, we must have self-confidence.

One of the greatest limiting factors preventing us from succeeding in life is lack of confidence. Many people don’t believe in themselves; even those who believe in themselves sometimes have doubts. In some cases, they lack the confidence to take the bold step. If you have confidence like a bird, you won’t be scared if anyone leaves you. Even if you are fired from your job or experience challenges in life, you will know it’s for a short period of time and that you can bounce back.

Still on the story of the bird, the birds trust their wings to fly and not the branch. The birds know that anything can happen to the branch. For instance, a hunter may try to shoot the tree, and the force can affect the branch; a big animal with weight may try to attack the bird, and the weight may break the branch. It could be any reason.

So, in real life, we’ll be tested; life is going to test the branches we are relying on or standing on. These branches can be our friends, family members, our health, religion, business, money, relationship, academics, jobs, etc. All these branches will shake; some will disappear without warning. Question: What will you do when your “branch” falls apart?  Do you cry over spilt milk, or will you activate your wings of perseverance? Let me tell you, your wings belong to you. Your wings are your power. They cannot be taken away from you no matter what, unless you give them up.

As mentioned earlier, your wings can be your confidence, perseverance, character, knowledge, skill, or even gift/talent. All these virtues don’t come from what you are standing on. They should come from inside of you. So, don’t give up that inherent power in you. Remember, if the whole world is telling you you can do something, and you know you can’t do it, you will fail, but if the whole world is telling you you can’t do something, and you know you can do it, you will succeed because 1 John 4:4 says, he that is in you is greater and strong than he that is in the world.

In my journey through life, I discovered that many people trust their branch for approval, comfort, and sustenance; they forget that they are born to fly.

It’s instructive to note that life doesn’t offer us a straight road. Life is not tested when everything is stable around us; rather, it is tested when there’s chaos and when everything around us begins to shake. And, as such, it does not punish you when your branch breaks; rather, it reminds you who you are, and it instructs you to remember what’s always yours from the start. All you need is the key to activate your wings so you can fly. Don’t allow failure to define you. Do you see why it’s important to trust your wings?

I need you to understand that if you learn to trust yourself by trusting your wings, you won’t be afraid of failing.  Trust me, your wings are not safe because the world is safe. The world is not safe and will never be safe, so trust your wings because you can overcome any storm or challenges that come to you when everything falls apart

As I begin to wrap up, I need you to look into yourself and ask yourself, what’s the wing inside of me? What’s the wing I’m yet to activate? If you find it, please activate it and trust it. Remember, you’ll experience challenges and setbacks, but that’s part of the process of trusting your wings. So, my final message to you today is: Stop trying to fix the branch when it’s time to fly. Fly, because it’s your heritage.

Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer, and author of Design Your Destiny- Actualizing Your Birthright to SuccessUnleash Your Destiny, and The Six Pillars of Success. He can be reached via info@gloemi.com

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