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CBA Foundation Takes Intervention Among Underprivileged Widows to the Next Level, With Their Social Enterprise Initiative

If indications from two separate but related events that were held few months ago are anything to go by, then one of Nigeria’s most vulnerable groups may be on the verge of experiencing better times.

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CBA Foundation

If indications from two separate but related events that were held few months ago are anything to go by, then one of Nigeria’s most vulnerable groups may be on the verge of experiencing better times. The events, hosted in two separate states/regions and split by a 20-day interval, held at a time when self-splurging by many young Nigerians was at octane levels, and saw young men and women behind an NGO that caters to the welfare of underprivileged widows and their vulnerable children, passionately putting the widows’ needs above their wants. 

The NGO, CBA Foundation, its dedicated and passionate staff, some supporters and donors came out in their numbers on two dedicated days to give widows in selected communities in Lagos and Anambra a treat. The Lagos outreach benefitted, in a unique way, widows in six communities in Ibeju-Lekki, namely: Badore, Iberekodo, Museyo, Magbon Alade, Okunola Ilado and Magbon Iga. 

CBA Foundation seized the opportunity of the outreach to launch a new initiative it tagged Social Enterprise Initiative. The Initiative, which is aimed at ensuring the long-term sustainability of all efforts to protect and promote the welfare of widows as well as their children, is to cater to the financial, mental and physical health needs of beneficiaries. The Initiative is designed to provide comprehensive support, including health interventions, skill acquisition, business set-up, food and drinks, clothes and shoes.It also includes general support for all affected widows.

The Founder/CEO of CBA Foundation, Mrs Chinwe Bode-Akinwande explained the reason for the Foundation’s shift to the new Initiative: “We have been doing outreaches and it has been non-stop, but the essence of this Social Enterprise Initiative is for the widows to have something that will sustain them even for a longer period, something that will give them hope, knowing that they have a sustainable source of livelihood and activities that remind them that they need to keep going.” 

Continuing, she reveals when the idea for the new initiative began: “When the lockdown came during the peak of covid 19, we realised that there was a need again to have something sustainable for these women. With the Social Enterprise Initiative, we identify the skills they need to possess, and what they are passionate about, we also empower them with the necessary training and then set them up with all they need for the business. At the end of the day, they won’t have to wait daily for the CBA Foundation to give them food or clothing.”

Mrs Bode-Akinwande noted that the Initiative had been informed by a rigorous analysis of the data in their database, gathered over the years on widows whom they have reached out to and the support they have been receiving from both individual and corporate donors. She said that they had dimensioned all the critical issues from widows with critical needs, where the Foundation needed to begin its interventions, to widows who needed to be set up in business and to several widows’ children who needed to be reinstated back in school.

She also remarked that plans were underway at the Foundation to take the skills acquisition training further, beginning with adire-making (tie and dye). She announced that the Foundation would have a line of products that would be its adire pattern, displaying its unique signature. When sold, the net proceeds would be ploughed back into the Foundation as a constant stream of income. 

The idea, the Foundation’s CEO stressed, would inspire the widows who show a keen interest in adire-making as they would be involved and exposed to its value chain which is essential to optimising their execution after their training. So, the adire-making training followed with tutorials on the step-by-step processes involved in it, materials needed and how to identify them, necessary safety precautions, various tie and dye techniques, packaging and distribution and how to make a living from adire-making.

For widows with impaired vision at the event, they were able to have free consultations with an ophthalmologist, get free eye tests and free reading glasses, courtesy of a partnership between FirstBank and Vision Spring. What followed when beneficiaries had the free reading glasses fitted and could see clearly were scenes similar to ones where people had experienced supernatural miracles. The ecstatic joy was palpable. 

Take 59-year-old Hassanat Oyewunmi, for example. Tears of joy rolled freely from her eyes as she remarked that her farsightedness challenge had been addressed. She confessed excitedly that she felt “better, much better now with the glasses, and I can even see everyone clearly. It is good to know that we are not forgotten.” 

Olabode Sadiat, 62, could not contain her joy as she wore her glasses and pointed in the distance, while indicating that she could see everything in her line of sight. She had suffered from a blurry vision that made reading her Bible difficult. “Nothing is more painful than not being able to read your Bible,” she had noted following the medical intervention. 

The widows also received food, drinks, clothing and other materials that were distributed during the outreach. They were also given a final charge by Mrs Bode-Akinwande in which she reminded them that they were not alone and could always count on the support of the CBA Foundation. 

In all, 165 widows across the six communities of Ibeju-Lekki benefitted when the Lagos outreach was held. The Anambra outreach, on the other hand, benefitted 75 widows from four communities in the Nnewi area of the state. 

Food items and financial empowerment constituted the bulk of the support CBA Foundation gave the Anambra widows to celebrate the festive season. The Anambra initiative has enjoyed tremendous support from a donor who has been consistent over the past four years. The Founder of the Foundation expressed gratitude to the donor while remarking that the outreach is a source of enablement for the underprivileged widows and their children. 

She continues: “We give hope to the hopeless. We are driven to support underprivileged widows to have a positive outlook on life despite the problems they experience by losing their loved one, mostly the breadwinner of the family.”

Both Lagos and Anambra outreaches were in some sense CBA Foundation’s way of giving underprivileged widows a “December to Remember” treat annually. Of course, that treat would at best be modest compared to how people who were not in any known vulnerable categories took care of themselves and themselves alone. Even with the best of intentions, CBA Foundation could only work with donations received from donors and supporters at a time of the year when most (young) people were dedicating more resources to the self-splurging that December has come to represent.

While it may not be in one’s place to dictate to others how they should spend the money they have worked so hard to make, one cannot help but try to point them to ways they could better dispense their hard-earned cash that would be in their enlightened self-interest. Or what sense is there in spending on oneself so lavishly and ostentatiously as though spending was going to go out of fashion at any moment only to provoke the have-nots to make one the target of their misdirected anger in a society that is largely dysfunctional?

A similar question should be addressed to the government and public officials: What sense is there in expending huge public resources on projects that have no direct bearing on the welfare of vulnerable groups when it only widens the gap between the haves (including public officials) and have-nots and exacerbates the conditions that heighten security concerns among the haves? At what point will the government, public officials and the privileged class start acting in their enlightened self-interest by committing genuine efforts to narrow the gap between those who have and those who can only wish? 

It is high time public officials and the privileged began building strong coalitions and partnerships with groups and organisations that have been working to protect and support as well as advocate for the vulnerable for years now. They must begin to key into and support the organisations’ laudable initiatives that show great potential in helping to narrow the frightening gap.

CBA Foundation’s Social Enterprise Initiative represents one of such laudable initiatives. It is a well-thought-out initiative capable of transforming the existing arrangement for care and support of vulnerable groups such as underprivileged widows and their children and taking their welfare to the next level. The Government, individuals as well as corporate organisations must join hands with the Foundation if the Initiative is to have any chance of success.

Through its avowed commitment to “touching lives, giving hope…” not in mere words and empty promises but genuine and visible action on the ground (see ample examples captured on its website: www.cbafoundation.org), CBA Foundation has already demonstrated its readiness to do more with additional support. It has shown that it is living true to its #CareIsAction DNA and can thus be trusted with more support. The Social Enterprise Initiative, therefore, will be delighted to have interested partners (individuals and corporate bodies) to send an email to: cbafoundationng@gmail.com to partner with the Foundation in the drive to take the welfare of underprivileged widows to the next level where its long-term sustainability is guaranteed.

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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Fidelity Bank Set to Host 2 Days of Family Entertainment

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In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend.

Scheduled to hold on Saturday, 16 and Sunday, 17 December 2023 at the Fidelity Grounds, Oniru, Victoria Island, Lagos, the event is designed to create a fun and relaxed atmosphere for children to play, parents to relax and young adults to unwind during the festive season.

“The Yuletide season is all about coming together and spending quality time with loved ones especially as we wind down the year in anticipation of a new year. As a bank committed to providing memorable experiences for its clients, we pioneered the Fidelity Family Weekend to fete host our customers and clients to two fun filled days of family entertainment. We believe this is one more way of thanking our customers for a successful year,” noted the Divisional Head, Brand & Communications, Fidelity Bank Plc, Meksley Nwagboh, Ph.D. in a chat with journalists.

The Fidelity Family Weekend would run from 10am to 10pm daily and would feature dedicated fun activities for children including dancing competitions, bouncing castles, train rides, Santa’s Grotto, balloon games, amongst others.

Similarly, the programme for the adults’ section would feature exciting activities like karaoke competitions, games arcades, couple games, musical performances and so many more fun games that are geared towards providing a memorable experience for guests.

Entry into the event is free but guests are required to pre-register at www.fidelitybank.ng/family-weekend before 12 December 2023.

Commenting further, Dr Nwagboh said, As a bank dedicated to helping individuals grow, businesses thrive and economies to prosper, we boast of an array of products and services for our diverse client base.  These include the Fidelity SWEETA account for young children below the age of 17 years, Fidelity Flex for teenagers and undergraduates; and even the Fidelity Vintage Account for senior citizens; all tailor-made to meet our customers specific needs. The Fidelity Family Weekend is therefore another demonstration of this devotion to provide platforms for our customers to fulfill their lifestyle requirements”.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

 

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Egypt Eyes Tourism Boom Despite Regional Tensions

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Despite the recent Israel-Hamas conflict, Egypt’s tourism sector remains optimistic about meeting its target of 15 million arrivals in 2023 with expectations of further growth in 2024.

The North African nation is gearing up for a hotel-building initiative to address the pressing need for additional capacity, aiming to add at least 25,000 rooms in 2024 and 40,000 the following year.

Tourism Minister Ahmed Issa emphasized that the scarcity of hotel rooms is the primary challenge, prompting the government to consider incentives such as tax breaks to expedite construction.

“The No. 1 challenge that Egypt faces today is the number of hotel rooms. We need at least 25,000 additional rooms in 2024 and 40,000 the year after,” said Issa.

Tourism, a crucial component of Egypt’s economy, is gaining increased significance amid the country’s fiscal challenges.

Despite concerns raised by the Israel-Hamas conflict impacting nearby countries, including Egypt, the relative containment of the conflict and the favorable exchange rates due to currency devaluations have made Egypt an attractive destination.

In the past financial year, tourism revenue in Egypt reached a record $13.6 billion, with a focus on attracting higher-spending tourists and solid visitor numbers from countries like Germany and Russia.

The government is also looking to tap into the vast potential of Chinese tourists, aiming for 1 million Chinese visitors between now and 2028. While Red Sea cities like Sharm El-Sheikh and Hurghada continue to be popular, efforts are underway to promote tourism in the northwestern Mediterranean coast.

To encourage further development, the tourism and finance ministries are proposing incentives for hotel builders, including rebates for funding costs and potential tax holidays on capital expenditure.

Issa stated, “We’re going to seek the approval of the cabinet over the coming couple of weeks” and expects to announce the incentives “before the end of December.”

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N-Power Beneficiaries Decry Delay in Monthly Stipends, Seek Government Intervention

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Some participants in the Federal Government’s N-Power Programme have voiced their frustration over the persistent delay in receiving their N30,000 monthly stipends.

In interviews with the News Agency of Nigeria (NAN) on Monday, beneficiaries expressed concern about the prolonged delays, citing the impact on their livelihoods.

Mr. Francisco Noah, a teacher in the N-Teach segment of Batch C1, serving at a Nomadic School in Keffi, Nasarawa State, revealed that the delay had forced him to halt his educational activities, affecting his ability to commute to the Nomadic School due to transportation challenges.

Noah, dismayed by the situation, mentioned that he last received his stipend in November 2022.

“Our program is for two years, starting from January 2021 and ending in December. However, since its commencement, I have only been paid for 12 months, with the last payment received in November 2022,” he explained.

Mr. Usman Dantala, a beneficiary from Batch C2 in the Agro segment, echoed similar sentiments, stating that despite being enrolled in October 2022, he was owed nine months of stipends with repeated promises of payment.

Dantala emphasized that, despite making inquiries about his posting, he has not been assigned to a specific place to serve.

Reacting to the beneficiaries’ concerns, Dr. Akindele Egbuwalo, the National Programme Manager of the N-Power Scheme, assured them that the government is committed to settling all outstanding claims.

He explained that the temporary suspension of the program was implemented to investigate and address genuine claims, urging Nigerians to understand the rationale behind these measures.

The N-Power scheme, initiated by the Federal Government on June 8, 2016, as part of the National Social Investment Programme Agency (N-SIPA), aimed to tackle youth unemployment and enhance social interventions.

The concerns raised by beneficiaries underscore the importance of timely and consistent support to sustain the program’s positive impact on participants’ lives.

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