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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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Food for Living: Make Efficiency, Effectiveness Your Watchword
By Henry Ukazu
Dear Destiny Friends,
To be successful, everyone needs to be effective and efficient in all they do. Success does not come from nicety, speech articulation or fine diction, spotless dressing, connections, good proposal or even from having a good product. Though all these factors might play a role, a business man must not only be efficient in their business, they must also be effective.
These words, effective and efficient no doubt, are so closely related, however there’s a thin line of difference between the two. If you stay with me for awhile, you’ll understand.
One might be wondering what the difference between being effective and being efficient is. According to Dr. Yomi Garnett, a prolific and exceptional ghost writer, efficiency is the ability to do something well without wasting energy or effort, whilst to be effective is simply to do something well. Let’s talk a minute to explain how this works. One can be efficient and not effective, and one can be effective and not efficient. But a truly great mind is both effective and efficient. When one is efficient, it means that he can do the work within the shortest possible time. This may be because he has done it over and over again, and have mastered its nitty-gritty.
There’s a saying, if someone can’t explain something to a six-year-old child, that person doesn’t understand the subject very well. I agree with this saying because when someone understands something, he/she won’t go through stress explaining it, and will spend minimum time doing it. Whilst for someone who is effective, he knows the issue or has a subject matter expert on the business very well. He can literally do it when he wakes up from sleep without rehearsing. So, in summary, an effective person saves time, while an efficient person explains better.
As progressive beings, we must be proactive with not only our life, but also our business, career, and whatever we find our hand worthy of doing. By doing so, people will appreciate us and support us. In business, one of the best forms of advertising is referral. When one’s work is exceptionally good, he doesn’t need too much advertising; his work will speak for itself. For instance, anyone who may have used the product might say ‘I have used this product or service, and I can guarantee its effectiveness’. Another person might say ‘the staff are very efficient, professional, and great at customer service’.
All these are great reviews. Trust me, one doesn’t need too many reviews to believe in the authenticity of what people are saying. They can sense a genuine review devoid of sentiments and vested interest. So, imagine a case where there’s no review, one might have a challenge in believing the durability and effectiveness of the product/service.
As a business owner, one must be intentional with respect to how he treats his employers and customers. What most uninformed business owners don’t know is that when you take care of your staff, they will in turn take care of your business. When the staff are happy, they’ll treat the customers well, and when the customers are happy, they’ll in turn tell the world. Do you see how effectiveness and efficiency work in a company?
In a similar way, if one is consistent in publishing articles every week like I do, opportunities are bound to arise soon when there’s alignment. As a business owner, I can authoritatively tell you being good at what you say you do is a currency. Nobody likes shady or dirty work. I can also tell you people are ready to pay for premium services provided you can deliver.
Let me share a personal experience with you; two months ago, I visited my home country – Nigeria, for a business opportunity. During my meeting with some established institutions, I had to submit proposals to them. But because I wasn’t proficient in writing proposals, I had to hire a consultant to do the job for me. Not only did I hire a consultant, I also flew him for business meetings because I trusted his judgment, and guess work, it paid off.
Imagine, if I had to do it myself, I doubt if the work would have been given the kind of positive attention it attracted. Why am I sharing this information? When one is good at what they do, it won’t take long for them to be seen when the right opportunity comes.
Being efficient and effective does not only apply to our professional lives, it’s also applicable in our personal lives. In the world we currently live in, things are governed by perception. When people see how effective and efficient you are, they will be inclined to associate with you, but when you appear like an unserious person, they will find it hard to recommend or refer you for business opportunities.
So, today, take stock and ask yourself if are you an effective and efficient person; if your company is effective and efficient. If your answer is no; ask yourself what you can do to make you and your company effective. The answer will set you on the right path to success.
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 Design and Unleash Your Destiny . He can be reached via info@gloemi.com
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Security Outfit Captures Wanted Notorious Bandit Usman in Delta Forest
The Delta State security outfit – SafeCity Security Service – in collaboration with operatives of the State police command, have arrested a wanted notorious bandit, Abubakar Usman.
His arrest followed the kidnapping of one Mrs. Blessing Chiedu, a native of Umunede Kingdom, who was abducted on July 2, 2026, along the Ani-Ifekide Farm Road, Ubulu-Uku. The kidnappers had demanded a ransom of N100 million from her family.
Spokesperson for the SafeCity Security Service, Harrison Gwamnishu, disclosed this in a post on X on Wednesday
According to Gwamnishu, upon receiving the information, he escalated the matter, and the Delta State Police Command’s Anti-Kidnapping Squad, Asaba, led by CSP Osakpolor, swung into action.
He said using their Hydra Tech Surveillance System, a coordinated rescue operation was launched, Mrs. Blessing Chiedu, a native of Umunede, was successfully rescued alive and unharmed along the Ubulu-Unor/Ashama Road.
After her rescue, he said the team immediately launched a manhunt for the fleeing kidnappers until the early hours of Wednesday when their surveillance system located the gang to their hideout in the Ogwashi-Uku/Adonta Forest of the state.
“A gun battle ensued, during which our combined team overpowered the criminals. One of the most wanted suspects, Abubakar Usman, was successfully captured, while other members of the gang escaped into the forest with their firearms.
“Investigations reveal that Abubakar Usman and his gang have been responsible for several kidnapping operations across Igbodo, Umunede, and surrounding communities, where they have extorted millions of naira in ransom from innocent families,” he said.
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Shoot Bandits, Terrorists on Sight, Defence Minister Mandates Troops
The Minister of Defence, Gen. Christopher Musa (rtd.), on Wednesday, directed troops engaged in counter-terrorism and anti-banditry operations to shoot terrorists and bandits on sight without waiting for further authorisation, declaring that the Federal government would no longer tolerate hesitation in confronting armed criminals.
Musa gave the directive in Sokoto during the commissioning of security assets worth N27.6 billion procured by the Sokoto State Government to strengthen ongoing operations against terrorism, banditry, kidnapping and other violent crimes across the state.
Addressing military personnel and other security operatives at the Giginya Memorial Stadium, the Defence Minister said soldiers deployed to operational theatres must act decisively whenever they encounter terrorists or bandits, warning that any operative who refuses to engage criminals under the guise of awaiting orders would be treated as an accomplice.
“Once you are deployed, do not wait for any order from anybody to shoot any bandit or any terrorist. Anybody who refuses to shoot or kill any bandit or terrorist in the name of waiting for an order, we will treat you like a bandit. This is a general order”, Musa said.
The minister stressed that the Armed Forces were determined to sustain the offensive against criminal groups threatening Nigeria’s peace and security, insisting that troops must seize every opportunity to neutralise terrorists before they inflict harm on innocent citizens.
His remarks came as the Sokoto State Government unveiled one of its biggest security intervention programmes, comprising armoured personnel carriers, tactical vehicles and 300 motorcycles to enhance security operations across vulnerable communities.
The equipment was commissioned in the presence of senior military officers, heads of security agencies, traditional rulers, government officials and residents.
Governor Ahmed Aliyu described the ₦27.6 billion investment as a strategic intervention aimed at strengthening the operational capacity of security agencies to combat terrorism, banditry, kidnapping and other violent crimes.
He said the procurement forms part of his administration’s broader strategy to restore peace, particularly in rural and border communities that have suffered repeated attacks by armed groups.
According to the governor, security remains the bedrock of development, noting that agriculture, commerce, investment and social progress cannot thrive in an environment plagued by fear and instability.
Aliyu added that the newly acquired armoured vehicles, tactical vehicles and motorcycles would improve rapid response, intelligence gathering, surveillance operations and troop mobility, especially in difficult terrains where criminal elements often operate.
The governor commended President Bola Tinubu, the Armed Forces and other security agencies for their sustained support in tackling insecurity, pledging that his administration would continue investing in initiatives that complement the Federal government’s security efforts.
He also praised Musa for his leadership and commitment to the fight against terrorism and banditry.
In recognition of the Defence Minister’s contributions to national security, the governor inaugurated a major road in the Sokoto metropolis and named it General Christopher Musa Road.
Responding, Musa lauded the Sokoto State Government for prioritising security, describing the investment as evidence of visionary leadership and a strong commitment to protecting lives and property.He said overcoming insecurity requires close collaboration among the federal, state and local governments, as well as active support from citizens through the provision of credible intelligence.
The Defence Minister noted that the newly commissioned security assets would improve operational effectiveness and boost the morale of troops and other security personnel deployed across Sokoto State and the wider North-West region.
He assured Nigerians that the Armed Forces remained fully committed to eliminating terrorists, bandits and other criminal elements threatening the country’s peace and stability.
The ceremony ended with the inspection and symbolic handover of the security assets to the relevant security agencies, with stakeholders describing the intervention as a significant boost to Sokoto State’s security architecture and Nigeria’s wider campaign against insecurity.






