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Kwara Injects N2.5bn in SMEs, Budgets Fresh N500m

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  • Kwara Injects N2.5bn in SMEs, Budgets Fresh N500m

The Kwara State Governor, Alhaji Abdulfatah Ahmed, said his administration had invested N2.5bn in supporting business owners in the state through its Kwara Small and Medium Enterprises Intervention Scheme.

He added that the state government had budgeted additional N500m for the funding of the scheme in the 2017 budget.

Ahmed, who was represented by the Secretary to the State Government, Alhaji Sola Gold, spoke on Friday during the investiture of Alhaji Adeoye Raji as the new President of Kwara Chamber of Commerce, Industry, Mines and Agriculture, in Ilorin, the capital.

According to the Speaker, Kwara State House of Assembly, Dr. Ali Ahmad, private concern like the KWACCIMA adds more value to the economy of the state and nation at large.

He urged KWACCIMA to synergise with all the tiers of government for solution to resuscitate some of the moribund industries in the state through guaranteeing of loans from the Bank of Industry.

He commended the governor for providing 10 hectares of land at Lasoju-Ogbomosho Road as permanent Trade Fair Ground.

Raji said there was no better time than now for every Nigerian to think out of the box to redirect the country’s economy to prosperity.

He said, “Therefore, our new face is all about solution. We will work with speed and accuracy to restore confidence in the business community. We believe KWACCIMA is the vehicle to lead business revolution in Kwara. It is our hope that Kwara State will no longer be referred to as Civil Service State but a commercial centre.

“My council will strengthen the business development unit of the chamber to be equipped for research and development. On this premise, we shall ensure a functioning research group which will collaborate with relevant research institutions and business schools to come out with policies, models and innovations that can revolutionise the business community.

“We shall offer business development training to the public and private sector within Kwara State and beyond. We shall collaborate with the government to ensure that skill acquisition centres produce skilled personnel that have hands-on capacity to function effectively.

“This will help in reviving the dearth of skilled manpower in business industry which has been expressed as a challenge by the business community.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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2021 Maltina Teacher Of The Year Contest Begins

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The Nigerian Brewery Plc, on Tuesday in Lagos, announced the commencement of entries for the 2021 edition of the Maltina Teacher of the Year competition.

Entries for the 7th edition of the competition begin today, Tuesday 20th April to Friday, June 25th, 2021.

Mrs. Shade Morgan, Corporate Affairs Director, Nigerian Breweries Plc, organiser and sponsor of the competition, announced the kick-off at a press conference in Lagos.

Morgan declared that the seven-year-old initiative had continued to impact, motivate teachers, promote the teaching profession and quality learning across the country.

The competition that had been on the Felix Ohiwerei Education Trust Fund, is to identify, showcase and celebrate exemplary teachers in both the public and private secondary schools nationwide.

The 2021 winner of the competition would go home with a trophy and a N6.5million cash prize.

Besides, the winner would also benefit from an all-expense paid capacity development training abroad, while the school represented would equally get a block of six classrooms or computer laboratory depending on the needs of the school.

A breakdown of the winning prize shows that aside from the N500,000 as state champion, the winner also wins N1 million as a national champion and would also be paid N1 million yearly for the next five years provided he or she remains in the teaching profession.

Morgan explained that all participants must be certified by the Teachers Registration Council of Nigeria (TRCN).

According to her, the first and second runner-ups would receive N1 million and N750,000 respectively, in addition to another N500,000 as champions from their respective states, saying that other state champions would go home with N500,000 each.

Since its inception, the Maltina Teacher of the Year initiative has produced six grand winners; Rose Nkemdilim Obi, Anambra (2015), Imoh Essien, Akwa Ibom (2016), Felix Ariguzo, Delta State (2017), Olasunkanmi Opeifa, FCT (2018), Ezem Collins (2019) and Anani Olubunmi Adamawa (2020).

At the hybrid event, Registrar of the Teachers Registration Council of Nigeria (TRCN), Professor Josiah Ajiboye, in his remarks online, lauded NBL through the Felix Ohiwerei Education Trust Fund for sustaining the competition that had promoted excellence and put the names of teachers in Nigeria in the global arena.

Ajiboye described the Maltina Teacher of the Year Competition as a permanent feature in the nation’s education calendar and pledged continued support of TRCN in uplifting the rating of teachers in the country.

In the same vein, the National President of the Nigeria Union of Teachers(NUT), Dr. Idris Nasir, represented by Mr. Segun Raheem, the National Treasurer urged other corporate organisations to take a queue from the NBL initiative that had become a platform for demonstration of excellence by teachers in Nigeria.

Besides, the reigning champion, Anani Oluwabunmi of Concordia College, Jimeta, Yola, Adamawa State, who was part of the briefing online, said the award had added to her confidence and enhanced her rating as a teacher.

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MILO Cereal Launches New Online Campaign, ‘Beast Mode – Activated’

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MILO Cereal has launched its first major marketing campaign for its newly launched Protein cereal, via independent creative communications agency Connecting Plots.

Building on MILO’s brand message of fuelling active kids, the new campaign platform, ‘Beast Mode – Activated’, evolves the master brand’s focus on team sports.

This aims to celebrate how MILO Protein helps active kids unleash their own full potential, take their training to the next level and successfully compete with their peers.

The campaign launched on 16 April and will run across various social channels and online videos.

Connecting Plots creative partner Dave Jansen said the approach to the MILO Protein cereal campaign was about tapping into the teen mindset and being less overt and more authentic.

“Creating advertising that doesn’t feel like a ‘sell’ is the challenge when targeting teens,” Jansen said in a statement.

“We’ve shied away from the polished tropes of traditional, achievement driven sports ads to bring this to life in a way that hopefully gives life to a teenager’s desire to do their best, feel like they are stepping into their future adult self and showing how MILO Protein Cereal can help on that journey.”

Cereal Partners Worldwide’s marketing manager, Keara Deignan, added: “Aussies grew up with MILO cereal, it’s a staple of every Australian pantry.

“However, we’ve seen that as teens start to carve out their own identities, their consumption habits change so this product aims to keep pace with their active on-the-go lifestyle.”

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Global Digital Consumer Spent $900B In 2020 – Mastercard

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According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900bn being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019.

For retailers, restaurants and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted.

Roughly 20-30% of the Covid-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymised and aggregated sales activity in the Mastercard network and proprietary analysis by the Mastercard Economics Institute. The analysis dives into what this means by country and by sector, for goods and services, and within countries and across borders.

“While consumers were stuck at home, their dollars traveled far and wide thanks to e-commerce,” says Bricklin Dwyer, Mastercard chief economist and head of the Mastercard Economics Institute. “This has significant implications, with the countries and companies that have prioritized digital continuing to reap the benefits. Our analysis shows that even the smallest businesses see gains when they shift to digital.”

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