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Over 2000 People From 50 Countries Set To Attend Africa Social Impact Summit

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Sterling One Foundation announced that over 2000 people have registered to participate in the premier edition of the Africa Social Impact Summit, slated to be held on July 13 and 14, 2022 at the Transcorp Hilton Hotel, Abuja.
The hybrid event which was officially announced by the Foundation and its partners at a press conference held on July 5, 2022 is expected to have participants from over 50 countries.
The Africa Social Impact Summit is a 2-day event that collaboratively brings together players in the African civil society space, the private sector and the public sector to share ideas, learnings, plans and practical solutions to ensure the holistic achievement of the Sustainable Development Goals in Africa. With a focus on climate action, education, health, agriculture, circular economy and women empowerment, the summit aims to provide opportunities for impact investors to collaboratively scale market-led solutions which have the potential for long-term impact.
Abubakar Suleiman, Chief Executive Officer, Sterling Bank stressed the need for a new approach to reducing poverty which he says is the real goal of the Summit. He opined that while commitments were good, action was crucial, “and this Summit presents a good opportunity for Sterling Bank and other partners to start intensifying efforts.”
Also speaking to the need for the Summit, Olapeju Ibekwe, CEO of the Sterling One Foundation, explained that the negative impact of the COVID-19 pandemic has necessitated an urgent framework for Africa to recover some of the progress it made on the Sustainable Development Goals and further accelerate growth.
“Over the last two years, we have lost a lot of ground on the progress being made regarding the SDGs especially in Africa, with reports showing that 37 million more people will go below the poverty line just because of the recent pandemic. Therefore, we decided that it was necessary to bring key stakeholders to discuss how we can collaborate better, as government, corporate and civil society to drive impact investments into critical areas of the economy in a bid to recover and meet the SDG targets over the next 8 years”, she said.
The Summit is expected to feature panel sessions with the likes of Bankole Oloruntoba, CEO, Nigeria Climate Innovation Centre, Daniel Ikuenobe, Country Director, Tony Blair Institute, Malawi and Olayinka Makinwa from Delegation of German Industry and Commerce, Nigeria, keynote addresses from Matthias Schmale, the UN Resident and Humanitarian Coordinator in Nigeria and Patricia Obozuwa, Vice President, Public Affairs, Communications, Sustainability – Africa, The Coca-Cola Company, and a deal room session hosted in partnership with the Impact Investors Foundation, where investors will listen to vetted sustainable solutions from social entrepreneurs working in different African communities, with a view of helping them scale to more communities on the continent through impact investments.
While explaining why they joined as partners for the Summit, Soromidayo George, Board Chair of the United Nations Global Compact Network Nigeria, expressed delight at the opportunity this convening provides to further help make sustainable impact commonplace in how companies operate across Africa, moving beyond one-off projects to a framework that empowers the continent.
Echoing her remarks, Nwamaka Onyemelukwe, Director, Public Affairs, Communications & Sustainability, Coca-Cola Nigeria stressed that the goal from the Summit is to collaborate in a way that helps empower more people.
In her words; “Coca-Cola has been able to empower over two million women across Africa in the last few years, and this Summit presents an opportunity to do much more than that, because we are now coming together with other like-minded organisations to achieve one goal.”
Some of the countries to be represented at the Summit include South Africa, Egypt, Tunisia, Ghana, Sierra Leone, Malawi, Rwanda, Morocco, Cameroon, Namibia, Central African Republic, Malaysia, Madagascar, and the United Kingdom. Others who wish to join can still register on the event website – https://theimpactsummit.org/
About the Organisers
Sterling One Foundation is driven by the unique challenges facing Africa and the need for progressive change. The Foundation is committed to being the benchmark of positive social impact in Nigeria by creating sustainable solutions for youth empowerment and job creation via five impactful sectors which are Education, Food security, Climate Action, Gender Equality and Health.

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.
The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Kebbi.
The financial inclusion initiative is being implemented with technical support from National Identity Management Commission (NIMC), to help the farmers acquire the relevant documentation and identification required to open bank accounts.
Union Bank will facilitate account opening and expand its agency banking network to cover the areas while supporting its agents on ground with digital banking solutions to enable seamless transacting and account management.
Farouk Gumel, Chairman WACOT and Board Chair, Union Bank was on ground in Kebbi State to kick-off the drive and paid a visit to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to discuss expanding the programme state-wide.
In his recent keynote address at the recently concluded and  Chartered Institute of Bankers of Nigeria (CIBN) Conference, Mr. Gumel said:
 “As we work towards achieving financial inclusion to reach the unbanked, we must commit the same resources and investments to rural-local customers as we have done to urban-global clients to help create the growth that will lift us all to collective prosperity.”
WACOT Rice is a subsidiary of TGI Group. TGI Group, through another of its subsidiary Titan Trust Bank, recently acquired Union Bank in a landmark transaction which was announced in 2021.

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FIRSTBANK PARTNERS VERVE INTERNATIONAL, MAKES CUSTOMERS MILLIONAIRES IN THE FIRSTBANK VERVE CARD PROMO

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In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.

The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers monthly.

On the other hand, 2620 FirstBank verve cardholders that double their transactions every week, stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking on the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank said “we appreciate our partnership with Verve Card through the years; a partnership of empowerment and opportunities which include growing the economy, supporting new businesses and preventing unemployment. FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes safe, convenient and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. Verve card is accepted across all ATMs, POS, Web and Mobile Platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank – in partnership with Verve – rewarded over 2601 FirstBank verve cardholders with various prizes; including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas, smart TV and the grand prize of a brand-new car to a lucky winner.

 

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Federal Government Orders University Vice-Chancellors To Reopen Schools, Begin Lectures Amid 7 Months Lecturers’ Strike

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The government issued the directive through the National Universities Commission (NUC), and a letter signed by its Director, Finance and Accounts, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed.

The Nigerian government has directed vice-chancellors to re-open universities and allow students to resume lectures immediately.

The government issued the directive through the National Universities Commission (NUC), and a letter signed by its Director, Finance and Accounts, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed.

 

The letter which The PUNCH obtained on Monday, was reportedly addressed to all vice-chancellors; Pro-Chancellors and chairmen of governing councils of federal universities.

 

“Ensure that ASUU members immediately resume/commence lectures; Restore the daily activities and routines of the various University campuses,” the letter partly reads.

We had reported that the National Industrial Court of Nigeria (NICN), on Wednesday, September 21, 2022, ordered the Academic Staff Union of Universities (ASUU) to call off its ongoing nationwide strike.

 

It reported that the umbrella body of the lecturers in public universities had declared a warning strike on February 14, to force the Nigerian Government to implement agreements it earlier signed with the union.

 

The agreement stipulated how university education would be funded for better improvement.

 

The strike has since rolled over and is now in its seventh month following the government’s failure to implement all the agreements.

 

Several meetings between ASUU and the Federal Government have ended in a deadlock.

 

Consequently, the Federal Government went to court to challenge the strike.

 

The government through its counsel, James Igwe, prayed the court for an interlocutory injunction restraining ASUU from taking further steps as regards the strike, pending the determination of the substantive suit.

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