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Npower News: FG Receives More than 6m Applications for Npower Batch C Programme

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The Federal Government through the Ministry of Humanitarian Affairs, Disaster management and Social Development has said it received 6.4 million applications for its Npower Batch C programme.

Sadiya Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development, disclosed this in Abuja at the ministry open house event/inauguration of Internally Displaced Persons Policy.

She said the ministry has now enrolled 510,000 applicants while another 490,000 are expected to come on board.

Farouq said, “The ministry successfully exited the 500,000 Batches A and B N-Power beneficiaries in 2020 and received about 6.4 million applications for Batch C.

“From Batches A and B, 109,823 beneficiaries have gone on to set up businesses in their communities, underlining and highlighting the impact and importance of the N-Power programme.

“Under Batch-C stream 1 there are 510,000 currently enrolled and  benefitting from the programme, while an additional 490,000 will be enrolled following presidential approval to increase the number to one million.”

Speaking on the inauguration of the National Policy on IDP, Farouq explained that the Federal Executive Council approved the policy in September 2021.

“The process of developing and adoption of the policy commenced in 2001, within this period the initial draft of the policy have been reviewed severally to reflect new realities and emerging trends in humanitarian space in Nigeria,” Farouq stated.

She added, “This policy intends to provide a framework for national responsibility towards prevention and protection of citizens and, in some cases, non-citizens, from incidences of arbitrary and other forms of internal displacement.

“It will meet their assistance and protection needs during displacement, and ensure their rehabilitation, return, reintegration and relocation after displacement.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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United Arab Emirates Passport is the Most Powerful Travel Document in the World

UAE beats the likes of Germany, Sweden, Finland and Luxembourg in the latest Passport Index ranking

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The United Arab Emirates passport has been adjudged the most powerful passport in the world with the privilege to enter 121 countries without a Visa.

The middle east country beats the likes of Germany, Sweden, Finland and Luxembourg in the latest Passport Index ranking, Investors King learnt.

According to the latest publication of the Passport Index, the Emirati passport has the highest form of mobility and freedom from travel restrictions with 121 countries without a visa and 59 states with a visa on arrival. 

This means if you hold an “Emirati Passport”, you can travel to 121 countries visa-free and get a visa on arrival in 59 others. Only 19 countries of all countries in the world require a visa from an Emirati passport holder.

Subsequently, the report rates Emirati passports with 91% mobility access ahead of the United States which was rated with 83% mobility access. 

The United States passport allows visa-free travel to 109 countries and visa-on-arrival to 56, while 26 countries require Americans to apply for visas in order to enter, the report noted. 

Investors King understands that the United Arab Emirates has become a destination for business and tourism, attracting millions of visitors every year. 

Similarly, it now hosts many headquarters of multinational companies in the Middle East country. The country has also introduced several economic and administrative reforms to stimulate trade and diplomatic positions among the committee of nations. 

In addition, the economic nerve of the country, Dubai was recently ranked as one of the world’s top five cities for expats to live. 

“What sets the UAE passport apart in particular is its ability for holders to enter countries with a visa on arrival”.

 “Whilst the passport’s power to enter countries visa-free is comparable to its competitors, those with a UAE passport can enter 13 more countries with a visa on arrival than those with a German passport, the second-ranked passport,” the report stated. 

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Brain Drain is Really Brain Gain in Greece

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Brain Drain

By Dimitris Tsingos, Founder, Starttech Ventures

The tech talent shortage in Greece is often blamed on the so-called “brain drain”. But I see nothing wrong with software engineers from Greece moving to other countries and exploring opportunities there.

It is a necessary step for progress, development, and modernization, writes Dimitris Tsingos, Founder of Starttech Ventures, a Greek network of start-up companies.

The so-called brain drain has been observed in many countries, not just in countries in the Middle East and Africa but also in my country Greece. Hundreds of thousands of highly skilled young professionals have migrated after the financial crisis in search of better prospects in more developed economies.

The real problem lies in the unidirectional nature of the flow; many skilled workers leave, and fewer are coming to our countries to work in them.

Traditionally “brain drain” has been considered quite a significant problem. To put it simply, it is thought to be wrong. What if we looked at it from another perspective? Could this phenomenon bring something good? Could we talk about “brain gain” instead of “brain drain”?

Countries that have continuously experienced high economic growth, such as China and India, demonstrate that the mobility of a high-skilled workforce can play a decisive role in improving the home country’s economy. And on top of that, modernizing its society.

You see, many of them will finally return home. Others will stay there and act as ambassadors and ‘bridges’ between the home and the host nation. Also, many send money home to their families (called remittances). As the world bank states: “there is strong and unambiguous evidence that supports the argument that remittances alleviate poverty in developing countries.”

Many studies also show that diversity in the form of people from different walks of life, with different experiences and networks from other countries, helps companies grow faster and find new opportunities. Many of our companies witness that the diversity in their teams contributes immensely to the company’s creative output.

It is just a different point of view: The mobility of people is in many ways good for the world! When mobility increases, new opportunities will present themselves while old ones disappear.

At Starttech Ventures, we recognized the power of “brain gain” long ago. In our portfolio companies in Athens, we already employ individuals of more than twelve nationalities who, for various reasons, decided to move and work here. And we encourage people to see opportunities in other parts of the world. So, we would be happy for people from Greece to find work in start-ups in different countries and vice versa. That would make us learn more from each other and strengthen ties between our countries, helping both economies grow.

I firmly believe that there’s no reason for our countries not to be able to attract skilled workers that want to live and work in them. There are many fabulous places worldwide with a booming tech scene, and we should help more people worldwide know about the opportunities we provide. And we could work together to do that.

Thus, we are proud to announce the Work-in-Greece initiative, which aims to support the relocation of innovative Software Engineers that want to work in Greece. And, with that, build stronger ties and collaborations between companies in both countries to mutually benefit all societies!

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FirstBank, Others Partner With Junior Achievement on Africa’s Largest High School Entrepreneurship Competition

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FirstBank has partnered with JA Africa on Company of the Year (COY) Competition, Africa’s largest high school entrepreneurship competition scheduled to take place in Lagos, Nigeria from 7th to 9th December under the theme, “Fueling Changemakers.”

The JA Africa Company of the Year (COY) Competition which returns for the 12th year in a row and the first in-person meeting post-COVID, after two successful virtual competitions is JA Africa’s annual celebration of winning teams from the JA Company Program, a program which equips senior secondary school level students with the entrepreneurial skillset and mindset to solve problems in their communities by launching a business venture and unleashing their entrepreneurial spirit.

The young entrepreneurs who compete at JA Africa’s COY go through qualifying competitions at national and sub-national levels, competing against thousands of youth startups to qualify for the regional competition. This program transitions them into employment and transforms them into employers. Having emerged as national winners, they will represent their countries on the continental stage where they have the arduous task to impress a panel of international business professionals who serve as judges.

FirstBank’s sponsored winners of the 2022 Junior Achievement Nigeria (JAN) National Company of the Year (NCOY) Competition – Green Apex from the International School, University of Lagos – will represent Nigeria in the JA Africa Company of the Year (COY) Competition.”

“Given the increasingly complex set of global challenges facing young people around the world from unemployment to climate change and food shortage, we focus on equipping our students to be solution providers who bring about positive change within their communities while developing businesses that generate wealth,” said Simi Nwogugu, JA Africa’s CEO. “Our students have demonstrated great resilience and innovation in grappling with these challenges and I am extremely proud of all of them. I am also deeply grateful to all our sponsors who stayed with us throughout the pandemic period and contributed greatly towards making this a live event again.”

Also speaking on the forthcoming Africa Company of The Year Competition, Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank said; “the 2022 Junior Achievement Company of The Year competition remains another viable opportunity to promote the entrepreneurship skills, spirit and talent innate in school children, across Africa. We commend Junior Achievement Africa on the COY initiative as it serves as an avenue to expose participants to inter-cultural values and traditions that will foster the unity of the continent.

We wish all participants, particularly the Nigerian representatives – Green Apex from the International School, University of Lagos – the best as learnings from every initiative could solve critical problems facing mankind as we collectively make the world a better place.

This year, nine student startups representing Eswatini, Kenya, Ghana, Nigeria, South Africa, Tanzania, Uganda, Zambia and Zimbabwe will put their business acumen to the test as they present the achievements of their businesses in numerous formats to win the prestigious title of JA Company of the Year and other amazing prizes from the sponsors. The highest among the prizes at stake will be the opportunity to represent the African region at the Ralph de la Vega Global Entrepreneurship Competition which will bring together COY winners from the six regions where JA Worldwide operates to compete for awards, $15,000, educational opportunities, and more.

The 2022 JA Africa COY Competition is made possible by the generous support of Headline sponsors FedEx, Citi Foundation and PMIEF; Platinum sponsors: Bloomberg, Johnson & Johnson, Delta Air Lines and First Bank of Nigeria Limited; Gold sponsors: Tomorrow Foundation, Nascon, GB Foods and Rise, who by supporting this competition are demonstrating their commitment to job creation and youth empowerment on the African continent.

For more information, visit: www.ja-africa.org/coy2022

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