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AfDB President, Akinwumi Adesina Won African Man of the Year Award

African Development Bank President Dr Akinwumi Adesina has been named 2022 Man of the Year (Africa). 

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Akinwunmi Adesina - Investors King

African Development Bank President Dr Akinwumi Adesina has been named 2022 Man of the Year (Africa). 

Several encomiums poured in as African Development Bank President Dr Akinwumi Adesina was named African 2022 Man of the Year. The award which was organised by EMY Africa Magazine recognised outstanding African men for their visionary leadership.

Dr Akinwumi Adesina was recognised for his visionary leadership as the president of the African Development Bank Group. He was also recognised for his outstanding contribution to Africa during his period as agriculture minister in Nigeria.

The award ceremony which was hosted in Accra, Ghana witnessed the presence of important personalities in Ghana and beyond. 

Presenting the award, the UN Resident Coordinator in Ghana, Charles Abani stated that Akinwumi Adesina has exemplified himself with his contribution to people, the African agricultural value chain and the African society at large. 

It will be recalled that Akinwumi Adesina was Nigeria’s Minister of Agriculture from 2011 to 2015. During his time as minister, he turned the agricultural sector around with several innovations. 

He also ended Nigeria’s age-long corruption in the fertiliser sector by developing and implementing an innovative electronic wallet system, which directly provided farmers with subsidized farm inputs at scale using their mobile phones. Within four years, the mobile wallet system reached more than 15 million farmers scattered across the nooks and crannies of Nigeria. 

As AfDB President, Adesina achieved the highest capital increase since the establishment of the bank in 1964. 

In 2019, all stakeholders from 80  member countries raised the general capital from $93 billion to a historic $208 billion. 

AfDB under Adesina’s leadership also played a major responsive role to the Covid-19 pandemic. The bank launched a landmark $3 billion Covid-19 Social Bond which was made available to African countries. The continental bank also issued a Crisis Response Facility of up to $10 billion.

Similarly, AfDB approved $1.5 billion Food Facility to tackle the global food crisis sparked by the Russian-Ukraine conflict. 

The funds will help 20 million African farmers to produce an extra 38 million metric tons of food to address the growing fears of starvation and food insecurity on the continent.

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Education

Generation Z Turn to Online Learning to Sharpen Their Skills

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Generation Z

The transition from traditional to virtual and hybrid workplace environments has proven to be irreversible. Reports by Google data on Generation Z behavior indicate that a significant majority of this population has become accustomed to online-based learning through visually rich, technology-based, and socially interactive platforms.

Many Generation Z learners have expressed a high preference for virtual and blended learning over traditional programmes that usually require them to enroll and attend physical classrooms to attain certain qualifications.

Learning is ubiquitous and second nature to Generation Z employees. Markedly, the period spanning the last three years has seen an accelerated rate of employees enrolling for various L&D programs, most notably online courses, which offered the convenience and accessibility needed amidst health safety threats and inconveniences caused by the pandemic.

Anca Gosling, Aeroclass’s Director for Content Development, notes that Generation Z, colloquially known as “Gen Zers” or Zoomers, grow up immersed in technology, hence they value technology solutions, inclusivity, and construct their identities around self-reliant and pragmatic solutions. It is not surprising that Gen Z prefers ‘learning at the point of need’ using modern technologies, smartphones, or personal computers. At Aeroclass we use technology to anticipate and cater to the needs of the next generation to create a unique and personal learning experience.

In 2020, Gen Z learners interacted with digital learning content 50% more than in 2019. Most generation Z learners consider learning indispensable to build a flourishing career. Unlike traditional programs, virtual learning options provide a set of learning and development pros, from increasing internal mobility for individuals pursuing up-skilling and re-skilling courses to providing opportunities for leadership development, management development, and virtual onboarding.

A survey conducted by LinkedIn in 2021 reported that over 86% of Generation Z have enrolled in online courses to build hard and soft skills. Further, the report showed that this population spends 12% more of their private time on online-based learning platforms building skills than the average learner.

The past 2-3 years have offered significant lessons for many organizations – lots of unexpected challenges and considerable opportunities to capitalize on. In fact, the learning and development industry has moved to the forefront. It is now a matter of interest for many individuals, including those in employment and those looking to secure jobs in different sectors, including the aviation industry. Many employees and those seeking employment have recognized that learning is a “must-have” requirement to succeed. Therefore, they are exploring learning options that can provide the opportunity to further develop their careers and access C-suite level. This has led to a tectonic shift toward digital learning options where this generation of learners can access quality content and interact with a wide range of information pertinent to the challenges and complexities that characterize contemporary workplace environments.

Besides offering convenience and access to quality content, online learning increased robustness as a learning solution, providing superior coverage regarding instructional materials and reach. “Compared to classroom training, online learning offers a more inclusive option. Leave no one behind (LNOB) is the transformative promise of the United Nations (UN) 2023 Agenda for Sustainable Development and can be achieved only by empowering people through education. Technology is a powerful tool that allows people to access information that otherwise they would not be able to access.” explained Anca Gosling.

From an economic perspective, virtual training has presented a cost-effective alternative, enabling students to access L&D programmes at a lower budget than they would incur if they were to enroll in classroom-based courses. Two years ago, over 38% of individuals taking learning and development courses projected less spending on classroom-based learning, and 57% anticipated bigger budgets for online learning. In 2022, these figures have changed significantly, with current statistics indicating a high predisposition toward online learning. Today, 73% of learning and development professionals predict less spending on classroom training, while 79% have estimated higher budgets for online learning.

Furthermore, online learning offers a smart and innovative way for learners to evaluate themselves and quantify the learning outcomes from various programmes. Employees can use online-based engagement surveys to measure program effectiveness and assess their value in producing the desired learning outcomes and satisfaction.

Anca Gosling emphasizes that organizations must develop robust L&D programmes and infuse a continuous learning culture to build a future-proof workforce. Considering the complex business environment that we are currently facing, investing in employees will surely pay off. At the same time, organizations should consider aligning their learning strategy with the core business objectives.  This will increase retention, and motivation and ultimately the business will perform better. As Gen Z represents the dominant cohort of employees in the workplace, online-based training comes as a natural choice and a feasible solution for organizations to imbue a strong learning culture.

Research shows that the pandemic had a strong effect on Gen Zers. For those that are looking for a career change, perusing other opportunities or simply learning a new skill, online learning provides an effective way to develop skills that can connect them to their new career paths and offer the desired job. Besides, online training shifts learning from the static, one-off classroom courses to an impactful, flexible, and sustainable environment. Simply put, the sky is the limit!.

 

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The Place Restaurant Opens New Outlet in Abuja

The Place Restaurant has expanded its presence in Abuja with a new outlet in the Central Business District (CBD)

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One of the leading Quick Service Restaurants (QSR) in Nigeria, The Place Restaurant has expanded its presence in Abuja with a new outlet in the Central Business District (CBD).

The new outlet which opened to customers yesterday, Monday 28 November will graciously serve people within and outside the CBD, Investors King learnt. 

According to a statement released by the restaurant, the new outlet is located at the newly constructed Tropic Galleria Mall beside the prestigious Grand Square. 

While speaking at the launch, Chief Operations Officer, Chinelo Umeugochukwu noted that The Place restaurant is a customer-oriented restaurant with its customers at the core of the company’s mission. 

Similarly, Chinelo added that every decision made is to cater to the needs and preferences of their customers.

“In line with our expansion goals for the year, we will be bringing a variety of healthy meals closer to our customers. We appreciate our customers for being loyal and for standing with us all through our years of operations,” she said. 

Additionally, the Chief Operating Officer noted that the quick service restaurant will continue to enhance its service delivery to its amazing customers with quality and healthy meals in a nice environment and hygienic place. 

Also speaking at the event, the company’s Head of Marketing, Susan Izenegu noted that the new outlet in the central business district makes it the company’s third outlet in Abuja and the 25th in Nigeria. 

She disclosed that the expansion is a result of the company’s hard work and dedication to serve its numerous customers with top-notch services. 

“We are excited to launch our 3rd outlet in Abuja and 25th outlet in Nigeria. This landmark is a result of our persistent journey that began over 15 years ago filled with hard work and commitment to our customers” she said. 

While she hinted that the company is set to open another outlet on Freedom way, Lekki, Lagos on Monday 19 December 2022, she noted that The Place restaurant will continue to deliver its promise of “making a variety of homemade meals available at an affordable price”. 

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Immigration Service Orders Passport Offices to Work on Saturday

Passport offices to work on Saturdays across the country amid the surge in demand

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Nigeria Immigration Service (NIS) has directed passport offices across the country to work on Saturday amid the surge in demand for international passports. 

The directive which was contained in a statement released yesterday by the Public Relations Officer, Mr. Tony Akuneme, noted that the directive is aimed to enable the Service to reduce the backlog occasioned by the 2020 and 2021 prolonged lockdown due to the COVID-19 pandemic.

“The CG has directed that passport offices across the country with a high volume of pending applications to work on Saturdays. (However), the Saturdays preceding the Christmas and New Year holidays are exempted.

“The period for this exercise is expected to be every Saturday commencing from December 3, 2022, to January 28, 2023, between the period of 10 am and 2 pm,” the statement partly read.

Investors King understands that Nigerians have been going through a long queue while trying to acquire an international passport. In some cases, it could take as long as four to six months.

This long queue has created room for racketeering. A standard passport which normally costs N26,000 is being done at the rate of N50,000. It could be as high as N70,000 to N100,000 in some cities such as Abuja and Lagos.

According to the statement, the Controller-General of the immigration service has also approved the deployment of the Passport Controller in Ekiti to Jigawa, while the one in Ondo was moved to NIS Zonal Office in Ibadan.

The CG added that he will hold passport officers accountable for any acts of indiscipline by officers under their watch.

Meanwhile, the Nigeria Immigration Service (NIS) has cautioned Nigerians on the dangers of irregular migration, so as not to waste their future. 

The CG who gave the advice disclosed that the service will intensify its efforts to sensitize Nigerians on the danger of irregular migration.

He noted that most of the victims are being brainwashed by travel agents who only care about making money from such trips. 

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