Business
World Health Day: Let’s Ensure Good Nutrition For Children…
…Because #OurChildrenOurResponsibility
World Health Day (WHD) is celebrated every April 7. This is the day that commemorates the anniversary of the founding of the World Health Organization (WHO) in 1948. WHD aims to focus on a specific theme relevant to public health each year. This year WHO is focusing global attention on urgent actions needed to keep humans and the planet healthy and foster a movement to create societies focused on wellbeing.
Nutrition plays a very crucial role in ensuring humans are healthy. It is an important part of an individual’s overall health and development right from a very young age. Proper and balanced nutrition is directly linked to improved infant, toddler, child, and maternal health and wellbeing. It offers stronger immunity, lowers the risk of health problems such as diabetes and cardiovascular disease, and improves longevity. Also, healthy children are not just physically strong but also mentally sound. Having balanced and healthy nutrition also helps boost their productivity and helps create more opportunities to break the cycle of poverty eventually.
Malnutrition, in any form, poses a significant threat to human health. Not having proper and balanced nutrition can lead to malnutrition. Currently, the world faces two types of malnutrition – undernourishment, and obesity. The former tends to be more prevalent among the economically disadvantaged populations in low and middle-income countries.
Good nutrition in the early stages of life sets the stage for lifelong health. In the words of Anne Mulcahy, “Investing in early childhood nutrition is a surefire strategy. The returns are incredibly high.”
One of the keys to parenting healthy children is providing them with a healthy and nutritious diet..
Key nutrients in supporting optimal growth and development… When a child consumes a balanced diet, they can develop their physical and mental skills in the present and the future. The benefits impacted by nutrition while the child is young are:
- Ensures proper development of the brain, which helps the neurocognitive process
- Improves a child’s physical health and ensures an active social life as the child grows old.
- Supports the immune system to ably fight against various infectious diseases
Key nutrients for brain development… Phospholipids are known to be essential nutrients for brain development. These nutrients are structural components of neurological systems (neural networks), and deficits during early life can impact brain function long-term. Long-chain omega 3s like DHA and ARA and other brain-supportive nutrients may also benefit proper neural network development and enhance visual acuity and cognition.
Key nutrients for physical growth… Proteins are the building blocks of physical growth. Dietary protein requirements are higher in children than in adults because they have faster growth and development rates due to their increased cell turnover. Inadequacy of high-quality dietary proteins can cause stunted growth, poor body composition, and wasting. Calcium and vitamin D play an important role in physical development too. Calcium is the main component of the skeleton, while vitamin D ensures calcium reaches the growing bones.
Key nutrients for supporting immunity… A variety of vitamins and minerals that include micronutrients such as Vitamin A, B, C, D, E, Iron, Zinc, Magnesium, and Selenium, among others, have vital functions in the human body. Several studies have found that children provided with foods high in these essential micronutrients improve their immune system’s response rate and help them steer clear of various immune system diseases.
Childhood is the most significant period of growth and development, both physically and mentally. Setting the foundation with good nutrition during childhood has a profound impact, even during later life, and helps develop society and the world as a whole.
Multi-nutrient fortified Growing Up Milk such as Peak 456 formulated for children ages four to six is an excellent way to ensure optimal intake of several vitamins and minerals in a child’s daily diet.
On this World Health Day, let’s take a pledge to support WHO’s initiative of #OurPlanetOurHealth by focusing on good nutrition for our children’s health which can help them grow strong and smart.
United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is backed by Heirs Holdings; MoMo PSB is MTN Nigeria’s fintech subsidiary.
With this development, MoMo PSB customers can now make payments directly from their MoMo wallets at participating UBA merchant locations using the “Pay with MoMo” feature on RedPay POS terminals; they can also visit any UBA branch to make withdrawals and deposits from and into their MoMo accounts. For online shoppers, e-commerce merchants can now receive payments directly from MoMo PSB customers through Redtech’s payment gateway infrastructure.
The partnership brings together Redtech’s payment technology and enablement capabilities, UBA’s merchant-acquiring and distribution layer, and MoMo PSB’s mobile money wallet ecosystem and customer base. Redtech holds licences as a Payment Terminal Service Provider (PTSP) and Payment Solution Service Provider (PSSP) from the Central Bank of Nigeria, authorising it to provide both POS and payment gateway services. Together, the three organisations are addressing a critical gap in Nigeria’s payments market – connecting banking-led merchant acceptance with telco-led mobile money wallets.
For MoMo PSB customers, Pay with MoMo increases the number of places where their wallets can be used for everyday payments. In the case of merchants, it opens access to a wider pool of customers and provides an additional payment option at the point of sale.
UBA’s Head, Digital Banking, Kayode Olubiyi, who spoke during the launch, noted that this partnership represents the solution to the gap identified in cash transactions and card access.
“What this partnership represents is an honest and effective answer to the gap we identified in cash transactions and card access. Our merchants are already serving millions of customers every day through the UBA network. By bringing Pay with MoMo into that network, we are giving those merchants a direct connection to MoMo PSB’s customer base – and giving MoMo PSB customers more places to use their wallets when they shop. That is a clear win for both sides.”
Redtech’s Chief Executive Officer, Emmanuel Ojo, emphasised that the partnership aims to make payments work better together in a way that is practical for everyday commerce.
“This partnership is about making payments work more seamlessly for everyday commerce and most importantly, It aligns with Africapitalism, as championed by the Chairman of Heirs Holdings, Tony Elumelu, CFR. By integrating our RedPay technology with MoMo PSB’s wallets through the UBA network, we will offer merchants and customers greater choice. Our goal is to build the payment infrastructure that ensures a merchant never has to turn away any customer in Nigeria or across Africa because of their preferred payment method. By connecting our technology with MoMo PSB’s wallets through the UBA network, we are giving merchants and customers more options”
Ag. CEO, MoMo PSB, Omolara Michael-Nwadu, who highlighted the barriers to payment in the country, emphasised the importance of partnerships, explaining how integrating MoMo wallets into UBA’s merchant network through Redtech’s infrastructure will unlock additional merchant touchpoints.
“This partnership marks a significant step toward true interoperability in Nigeria’s payments ecosystem. By integrating MoMo wallets into UBA’s merchant network through Redtech’s infrastructure, we are removing barriers between bank-led and mobile money systems while unlocking access to over 55,000 merchant touchpoints. Our focus is on driving usage at scale, enabling more transactions, deeper engagement, and greater value for merchants. At MoMo PSB, we are building a more connected financial ecosystem where payments aren’t tied to platforms but to a seamless customer experience. At MoMo PSB, our focus is on simplifying payments, expanding access to financial services and helping more Nigerians do more every day. Pay with MoMo gives our customers more places to use their wallets, while supporting broader financial inclusion by bringing useful financial services closer to where people live, work and do business.”
UBA’s Group Head, Brands, Marketing and Corporate Communications, Alero Ladipo, captured the broader significance of the moment at the signing ceremony. “Every institution in this room is a giant in its own right. What makes today meaningful is the decision to come together anyway,” she said. Ladipo added, “Financial inclusion is not a slogan to us at UBA. It is a commitment that requires scale, technology, and the willingness to build ecosystems rather than silos. This partnership is that commitment made concrete.”
Pay with MoMo is being introduced through RedPay POS terminals already deployed within UBA’s merchant network. More than 55,000 RedPay POS terminals have been deployed across the network, with the platform having processed over ₦278.47 billion in transaction value and more than 12.23 million transactions to date.
Starting in Nigeria, Pay with MoMo is now live at participating UBA merchant locations, with plans to extend the rollout to selected African markets where both MoMo PSB and UBA operate.
As part of efforts to promote SMEs and strengthen support for operators in the informal sector, Unity Bank has continued to empower small-scale traders and shop owners across Nigeria through its initiative called Shop Collateralised Facility, SHOCOF.
SHOCOF is an innovative loan product, and Unity Bank has disbursed over N500 million to beneficiaries, significantly improving access to financing, and further driving financial inclusion.
Originally introduced as a targeted intervention for traders in Southeast Nigeria, SHOCOF quickly gained traction and broad acceptance for its flexibility and tailored structure, prompting the Bank to expand the product nationwide.
Under the initiative, eligible customers can use their shops as collateral to access financing. The product simplifies access to credit by leveraging the commercial value and stability associated with fixed business locations, enabling traders to secure funds without the stringent collateral requirements associated with traditional lending structures.
The facility provides working capital support that enables beneficiaries to restock goods, increase inventory turnover, improve cash flow, and respond more effectively to market demand.
Recent reports indicate that more than 80 per cent of Nigeria’s small businesses operate informally, with many relying on personal savings and informal borrowing channels due to limited access to Bank credit. SHOCOF was developed to bridge this gap through a lending model tailored to the realities of market traders and small shop owners.
Speaking on the impact of the product, the Group Head, Risk Management, Unity Bank, Olusegun Oladipo, said the Bank recognised the need for financing solutions aligned with the realities of informal sector businesses.
“SHOCOF was created to address a critical gap within the small business ecosystem by providing access to credit through a structure that traders can satisfactorily meet without much ado,” Oladipo said.
He added: “By recognising the value and stability embedded in their businesses, we have been able to support traders with the capital required to sustain and grow their operations.”
Also commenting, Divisional Head, SME & Retail Banking, Unity Bank, Adenike Abimbola, said the nationwide adoption of the product reflects proper market segmentation to meet the growing demand for accessible financing among small business owners.
“What started as a targeted intervention in the Southeast, which quickly gained momentum because the product directly addressed the realities of everyday traders,” Abimbola said.
Over the years, Unity Bank has continued to introduce targeted solutions aimed at empowering entrepreneurs, including its flagship Yanga account package developed to support female entrepreneurs.
The Bank reaffirmed that expanding access to capital for underserved business segments remains critical to boosting trade, strengthening local economies, and driving sustainable economic growth.
