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Showing posts from March, 2020

MOST INNOVATIVE COMPANIES IN NIGERIA FOR 2020 STARTUPS

Piggyvest, Tizeti, Kobo360 and 54gene are the four most innovative start up companies and are amongst the top 10 African companies for 2020. According to the 2020 World’s Most Innovative Companies (MIC) list by Fast Company, one of the world’s most influential media brands, the list provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. The list features 434 businesses from 39 countries, including more than a few African companies who stand shoulder-to-shoulder with the likes of Snap, Microsoft, Tesla, Spotify, and Canva on the list. “Though the leading companies in Africa are finding solutions to local problems, their applications are relevant well beyond their borders,” the company stated. PIGGYVEST: This four-year-old  company was chosen for helping West African millennials invest and save for the future. The savings platform helps users save by automatically deducting fixed amounts from their accounts at set p...

FIX POWER SECTOR FOR 24/7 ELECTRICITY

Power is a key infrastructural strategy to drive the economy which makes it reflective in a country’s development.   In 2013, the government unbundled PHCN into eleven electricity distribution companies (DisCos), six generating companies (GenCos), and a transmission company (TCN). The Electric Power Sector Reform Act of 2005 also created the Nigerian Electricity Regulatory Commission (NERC) as an independent regulator for the sector. The federal government has in the past three years spent N1.7 trillion on Nigeria’s electricity sector. Nigeria has the potential to generate 12,522MW of electricity power from existing plants but is only able to generate an average of 3,781MW due to the limitations. Power generation and distribution have remained low and insufficient to meet the nation’s diverse energy demands. In January 2020, Nigeria’s power sector attained a peak generation of about 5,375MW. The Vice President, Prof. Yemi Osinbajo, had earlier this year, expressed dissa...

THE NIGERIA POLICE FORCE MUST TAKE RESPONSIBILITY

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Praying in my closet last night as regards the alarming rate of insecurity, it dawned on me that while I had faith for an improved security situation I needed to put work into action which prompted me to pen this message. The internal security, protection of lives & property is a fundamental human right for all citizens and not just the “so called VIPs”. These celebrities, politicians, entertainers etc ought to secure the services of private security firms. It’s quite unreasonable for a country fighting insecurity on multiple fronts to fall short of personnel because the Nigerian Police force (NPF) attaches two or more of its personnel to politicians instead of citizens. Mohammed Abubakar Adamu, the Inspector General of Police should withdraw security details from all Nigerians that are not constitutionally deserving of one. This is to ensure that we have more hands at solving the national security dilemma. Let's do the math. If the national assembly alone has...