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Tony Elumelu urges students to embrace entrepreneurship early

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Students should start early to have an entrepreneurial mind-set; that way, they open up other options for gainful employment when they are ready to join the job market, says Tony Elumelu, Chairman Heirs Holdings, UBA Plc and Founder of the Tony Elumelu Foundation (TEF).

In an inspiring speech, which he gave to students at the Loyola Jesuit Memorial College, Port Harcourt, he told the students that the world has changed in a way that students should also respond to by changing their expectations after leaving school from seeking a job to creating jobs.

The Jesuit Memorial College (JCM), Port Harcourt was set up to honour the memory of the 60 students of the Loyola Jesuit School in Abuja that lost their lives in a plane crash in Port Harcourt on December 10, 2005. The school serves as a beacon of hope, where children are given the opportunity to get a sound education and have a chance to contribute to building a brighter future for this country.

Speaking on behalf of the school, Aleruchi Cookey-Gam, a former Rivers Attorney-General commended the Tony Elumelu Foundation, being promoted by Mr. Elumelu, and its impact on the lives of our young people.

“The students are at an impressionable age, and we saw this as a unique opportunity for the Tony Elumelu Foundation to share their message of Africapitalism and the entrepreneurial spirit. These students will always remember this message”

Elumelu also commended the Catholic educational system, as it not only emphasizes academic excellence but also builds in students a sense of responsibility to humanity.

In a statement made to the students, he said: “I was once a student, and in my time, things out there were even rougher than they are now. But the education and training I received in my youth helped me a long way. In the same way, I urge you not to take your quality education for granted. You won’t always see immediate gratification, but you should rest assured that success will eventually come as long as the following are in place – (purpose, hard work, discipline, check-ins to periodically check yourself; resilience and humility.)

· Purpose: What would you like to be in future? What are your dreams and aspirations? However, purpose is nothing if you don’t work towards making it come true.

· Hard work: Hard work is important to achieve your true purpose in life. Good things don’t come easy.

· Discipline: Discipline means you stay focused, and stay on the path. Discipline will allow you realize your purpose.

· Check-ins: identify and set milestones that lead to the accomplishment of your chosen purpose. And you should (need to) periodically check yourself. Ask yourself if you’ve achieved milestones, and if you are on top of things.

· Resilience: You need to be resilient. You need to have staying power even during the tough times. Remember tough times don’t last.

· Humility: Above all, you need to embrace humility. Internalize it and run with it because as you become more successful, the propensity is there for you to forget where you’re coming from. Be disciplined and humble enough not to let your success control you, but instead control your success.

Your education, training and discipline will help you in the long-run just as it helped me in my own life.” Elumelu said.

He explained that it was his belief that the younger generation can address Africa’s development challenges and catapult the continent into being a strong player in the international community that led him to commit $100 million to identify, train and fund 10,000 African businesses, over the next 10 years.

Responding to a question by one of the students on how to balance being financially successful with family life, Elumelu maintained that it is impossible to create sustainable wealth without balance and stability in the home.

In his conclusion, he reminded the students that though their benefactors, the 60 departed that brought the school to life, were victims of circumstance, the best way to immortalize them was to be very successful. He said “I pray that all the souls of the departed rest in peace, and I pray for the students of Jesuit Memorial College, that their light may never dim, and that they (and all youth in the coming generation) shall make Nigeria and indeed Africa, great again.”

“Among you, could be the next Steve Jobs, Bill Gates, Jay-Z, Mark Zuckerberg or Tony Elumelu. You are the future leaders. I believe in this statement, because I believe that you will be able to help us transform our country, improve humanity and bring about prosperity. I want you all to see yourselves as messiahs that have been unleashed into the world. You are young today, but you can and will play a significant part in shaping the future”.

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Organiser unveils speakers, panelists for the 2024 Industry Summit

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The organiser of the Industry Summit, an annual gathering for professionals and experts in brand marketing, finance, sustainability, and entertainment, has announced the speakers for the fifth edition of the summit in Lagos.

 

 

 

The event themed: Sustainable Marketing for Growth would feature the marketing director of Nigerian Breweries Plc, Mr. Emmanuel Oriakhi as keynote speaker while the head of unit, sustainability at Access Bank, Mrs. Omobolanle Victor-Laniyan and manager brand, strategy & communications at Stanbic IBTC, Ms. Rita Akao would feature as guest speakers.

 

 

 

The summit, which is scheduled to hold on Friday, May 3rd, 2024 at the Marcelina’s Place Ikeja GRA, Lagos would feature some exhilarating panel sessions with some of the contemporary professionals in the Nigerian brand and marketing industry.

 

 

 

The panelists include; Ms. Chioma Mbanugo, Head of Marketing PZWILMAR, Mr. Abiodun Coker, Team Member Media, UBA, Mrs. Mabel Adeteye, Head, Brand & Marketing Communications, Wema Bank PLC, Mr. Kevin Olumese, Marketing Communications Specialist, and Mr. Adeola Kayode, Head, Brands & Creative Services, 9mobile Nigeria.

 

 

 

Others who have confirmed participation are Ms. Aisha Anaekwe, Head, Brands & Comms, Coronation Group, Mrs. Victoria N’dee Uwadoka, Public Relations, Public Affairs & Sustainability Lead, Nestle Nigeria Plc, Mr. Samson Adeoye, Public Relations Manager, Airtel Nigeria, Mrs. Oluwatosin Odiagbe, Marketing Manager, Simba Solar and Ms. Arinola Shobande, Head of Marketing, Showmax.

 

 

 

While Oriakhi would be speaking to the topic, ““New Age Marketing – Catalyzing Transformation Through Value Chain Innovation, Technology, Analytics & Sustainability”, Victor-Laniyan and Akao would present papers on the topics; “Aligning organizational objectives with sustainable marketing for the good of the people, society and business, and “Reimagining Sustainable Growth Through Green Marketing” respectively.

 

 

 

In the press statement signed by the Publisher of The Industry Newspaper/Convener of The Industry Summit/Awards (TIES), Mr. Goddie Ofose, he said that “The 5th edition of the Industry Summit is focusing on sustainable marketing, which is a purpose-driven practice that works to orientate businesses, brands and society towards a sustainable future, influencing appropriate awareness, aspiration, adoption and action across economic and sociocultural systems by taking necessary accountability for its impacts and opportunities.”

 

 

 

“In today’s ever-evolving world, debating whether to incorporate sustainability into business strategy is no longer an option. Considering a values-driven approach when developing business strategies can be vital to long-term success” he said.

 

 

 

Therefore, we have carefully selected these professionals and experts to deliberate on the subject matter, highlight challenges and proffer solutions where private and public sectors could take lessons from and improve upon whatever they have been doing,’ Ofose added.

 

 

 

The Industry Summit/Awards is a brainchild of The Industry Newspaper Limited, publishers of The Industry Newspaper (theindustry.ng) and 789marketing.ng.

 

 

 

The summit is designed to bring together industry leaders across the continent in all sectors in the quest to rev up conversations that will move the Nigeria business, economy and communication industry forward.

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IBEDC records 1,459 energy theft cases in January, February

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The Ibadan Electricity Distribution Company said it has recorded 1,459 cases of energy theft by its subscribers between January and February 2024.

This was disclosed in a press statement signed by the firm’s Chief Key Accounts Officer, Mr. Johnson Tinuoye, on Tuesday.

IBEDC added that it is actively pursuing investigations and legal actions against individuals and businesses involved in the theft in collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences.

Identifying the cases, IBEDC said they included various offences such as meter bypass and illegal meter tampering, which resulted in significant financial losses amounting to hundreds of millions of naira for the company.

The statement read, “We want to send a clear message to our customers that energy theft will not be tolerated. Our collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences underscores our commitment to ensuring a fair and just electricity distribution system.

“Energy theft not only undermines the integrity of our operations but also deprives IBEDC of the revenue necessary to provide quality services to our customers.”

Tinuoye emphasised that under the Electricity Act, energy theft is now recognised as a criminal offense, carrying severe penalties including imprisonment stressing, “In the Osun region, two individuals were apprehended for stealing energy through meter bypass and illegal connections. Their cases have been formally charged in court for prosecution.”

IBEDC further urged customers to refrain from engaging in any form of energy theft, emphasising that the consequences can be severe, as there is no room for negotiation with the SIPTEO Task Force team, which is actively patrolling and investigating instances of energy theft for prosecution.

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Copyright Breach: NCC Drags MTN, Others To Court Over Musician’s Works

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The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communications Ltd. and four others over alleged copyright infringement.

The charge with number FHC/ABJ/CR/111/2024 filed in the Abuja Division of the Federal High Court was obtained by journalists on Monday.

News Agency of Nigeria (NAN) reported that the four other defendants in the case include the chief executive officer of MTN Nigeria, Karl Toriola; Nkeakam Abhulimen, Fun Mobile Ltd.; and Yahaya Maibe.

In the three-count charge, NCC alleged that the defendants, between 2010 and 2017, “offered for sale, sold and traded for business’’, infringed the musical works of an artiste, Maleke Idowu Moye, without his consent and authorisation.

The commission alleged that the defendants used musical works and sound recordings of Mr Maleke with subsisting copyright as caller ringback tunes without the authorisation of the artiste.

The musician’s musical works and sound recordings allegedly infringed upon included 911, Minimini-wanawana, Stop Racism, Ewole, 911 instrumental, Radio, Low Waist, and No Bother.

The defendants were also alleged to have distributed the musical works to their subscribers without authorisation, thereby infringing on the rights of the artiste.

In the third count, the defendants were alleged to have in their possession, other than for their private or domestic use, the artiste’s musical works and sound recordings.

According to NCC, the alleged offences are contrary to and punishable under section 20 (2) (a) (b) and (c) of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

The case has yet to be assigned to any judge, and no date has been fixed for the mention.

Meanwhile, no official statement has been released by any of the defendants as at the time of filing this report, while all efforts to get reactions from MTN by New Telegraph proved abortive.

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