Featured Government

Onitsha economic empowerment: lifting the poor in Onitsha out of poverty, set for takeoff

Arrangements have been finalised for takeoff of an Onitsha Economic Empowerment Programme.

The programme, which was recently announced by Igwe Nnaemeka Achebe, the Obi of Onitsha, is part of a strategy for medium to long term sustainable interventions in the fight against the COVID-19 pandemic and its aftermath.

A statement released from Ime Obi, Onitsha noted that the Implementation would be under the auspices of the Onitsha Advancement Foundation (OnAF), an incorporated entity promoted by the Onitsha Traditional Council.

“The OnAF has been restructured with an expanded Board of Directors, made up of part-time members, all highly experienced, hardworking and dedicated Onitsha indigenes.’’

The Advisory Board comprised members of the Onitsha Traditional Council and constituent groups; and Workgroups of Onitsha professionals focused on implementing specific aspects of the Economic Empowerment Programme.

It notes that Igwe Achebe acknowledges the efforts made in conceptualising the programme stating: “this exercise has called for substantial hard work as we progress from the Onitsha Community COVID-19 Response Programme (OCCRT), which focuses on education and enlightenment.

The statement notes, the exercise includes the distribution of palliatives, face masks and sanitisers, to the Economic Empowerment Study Panel (EESP).

It also addresses the medium to long term economic and social consequences of COVID-19 on the community, and now the Onitsha foundation’s interventions, which we are embarking upon to implement the outcomes of the EESP.

The statement adds: “there is more hard work ahead, and I plead that we do not relent since we can now clearly see the great possibilities that lie ahead as we work toward lifting the poor in Onitsha out of poverty.

“Three initiatives spanning business learning, technological skills acquisition, and financial intermediation will serve as the arrowhead of the Economic Empowerment Programme.

“These are the Onitsha Leadership and Entrepreneurship Centre (OLEC); (Onicha) Ado Business Incubation Centre (ABIC), and a Microfinance Institution/Microfinance Bank (MFI/MFB).

According to the statement, OLEC will focus on creating passion for learning about businesses, and how to create and grow small businesses.

“The OLEC workgroup is led by Prof Alex Ike Ikeme, teacher, coach, facilitator and mentor with not less than three decades of experience in entrepreneurship development studies and practice.

“ABIC will serve as a catalyst tool to help new technology start-ups to grow and develop, including helping to accelerate and make optimum use of incubator resources.’’

The statement added that Mr Charles Uchenna Emembolu, an information technology architecture expert would lead for the ABIC workgroup.

“The MFI/MFB will offer financial resources to low/medium income populations, in addition to targeting financial services at self-employed, micro and small businesses generally overlooked in the society.’’

The statement also said that Mr Nnamdi Anammah, a financial expert with a track record covering commercial banking, corporate finance and stock broking would lead the MFI/MFB workgroup.

“It is also planned to establish a health and well-being workgroup that will determine the modalities for a community’s basic healthcare programme.’’

It then added that a values reorientation campaign would be set up as a critical enabler for the Economic Empowerment Programme.

“The campaign is designed to drive a new work/study/life ethic for Onitsha indigenes, which is in tune with the times and able to power a rebirth of thrift, industry, achievement and pride on a global scale.

“The campaign will also prepare a significant number of persons from the community with vital foundational principles to key into and avail themselves of other elements of the Economic Empowerment Programme.

“This initiative will be led by Mr Nn’emeka Maduegbuna, a Communications Consultant, who brings three decades plus of experience in strategic communications planning, corporate positioning and reputation management.’’

According to the statement it has been conceptualised by a panel of Onitsha experts, who have been charged by Igwe Achebe, to map out strategies to support the struggling and budding entrepreneurs in our domain in weathering the COVID-19 storm.

The Economic Empowerment Programme builds on a broad-based 2017 project with the theme: “Take Onicha Ado N’Idu to the Next Level’’, which explores developmental and repositioning needs of the ancient kingdom. (MOI)

By Tony Nezianya

  1. Keto Vibe 2 years ago

    Hi, Neat post. There’s an issue together with your website in internet explorer, may test this…
    IE still is the marketplace leader and a good component of people will leave out your great writing because of this problem.

    Feel free to visit my website – Keto Vibe

  2. Exit Login 2 years ago

    I simply wanted to thank you once again for that amazing website you have developed here.
    It really is full of ideas for those who are definitely
    interested in this particular subject, particularly this very post.

    Your all actually sweet in addition to thoughtful of others plus reading your website posts is a wonderful
    delight in my experience. And such a generous gift!

    Ben and I really have enjoyment making use of your ideas
    in what we must do in a month’s time. Our collection of ideas is
    a distance long which means your tips are going to be put to very good use.

    Feel free to visit my web site; Exit Login

  3. bsa scopes 2 years ago

    Hello.This article was really motivating, particularly since I
    was investigating for thoughts on this topic last couple of days.

    Here is my page: bsa scopes

  4. Jasper Sirosky 1 year ago

    Nice article, I would love to visit the city

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Technology Technology Trends

Protect against Business Email Compromise – or it may cost you dearly 


Don’t let your business be punished for, and by cyber fraud 


As the business landscape rapidly evolves, a general awareness of security vulnerabilities is no longer enough. Cyber fraud, data and payment breach risks need to be managed urgently and strategically with the right tools, says Ryan Mer, CEO at eftsure Africa, an automated Know Your Payee™ (KYP) platform provider.  


South African companies are facing a surge in Business Email Compromise (BEC) and other cyberattacks, exposing gaps in organisations’ payment systems with serious financial, reputational, and legal consequences. In January 2023, leading South African law firm, Edward Nathan Sonnenbergs (ENS) was ordered by the High Court in Johannesburg to pay R5.5 million including interest to a property buyer, Mrs. Judith…

Read More
Business Economy

Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022


Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with 8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23%


Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state of the ecosystem, revealed that despite the global VC downturn, the African tech ecosystem grew faster than all other markets globally.

Total funding invested into tech startups on the continent reached $6.5B, an increase of 8% vs 2021, spread across 764 deals – compared to 724 rounds in 2021. The report, consisting of disclosed and confidential deals, saw debt funding more than double in volume, reaching…

Read More
Business Gadgets Security Technology Technology Trends Telecoms




In a constantly evolving digital world that is fast paced, many organizations today are going fully digital or virtual. These processes have been known to deepen corporate organizations productivity and business continuity, but there are snags such as exposure and cyber threat. Criminals today are constantly evolving and finding new ways to breach the virtual and digital security infrastructures of organizations and individuals. These breaches cost as much as bullions of dollars in damages and loses when it has to get to fintechs and , identity firms other financial institutions. Having seen this loophole in the ecosystem in the area of having skilled manpower to monitor, abate and proactive these cyber threat, Zora Communications, an indigenous information technology (IT) firm Located in Lekki Area of Lagos recently launched one of a kind facility that will offer public and private sector players the desired and required tools and manpower that…

Read More
Business Events Society Technology Technology Trends

EVENTNEWS Lagos hosts gathering of Nigeria’s Top 50 Digital Economy Enablers 2023


Lagos, Nigeria’s commercial capital, is hosting the opening edition of Nigeria’s Top 50 Digital Economy Enablers February 14, 2023 at the prestigious Sheraton Hotel & Towers.  Nigeria’s Digital Economy is evolving positively in spite of a diversity of challenges for organisations in the public and private sectors.

Inspired by the need to express both the challenges and the iconic actors that have emerged to drive Africa’s fastest growing digital economy, the continent’s major tech-biz publication, published since 2007, IT Edge News.Africa (www.itedgenews.africa) and its Partners will be focusing on Nigeria’s Leading Lights referencing Nigeria’s Top 50 Digital Economy Enablers at an Industry Colloquium &Award Ceremony this February just before as the country goes to the poll to elect new political leaders.

The One Day Industry event is featuring a Nigeria’s Top 50 Digital Economy Enablers Recognition Ceremony; an Industry Networking Lunch; Nigeria Digital Economy Special Report; and the forum on  ‘Nigeria’s Digital Economy – Myth or Fact?’


Read More
Business Finance Gadgets Sponsored Technology Technology Trends




Dexter Digital Technologies Limited, a Nigerian financial technology (Fintech) startup company with core emphasis in churning out world-class financial solutions – informed by research – into the ecosystem, has announced their plans for 2023 starting with the launch of their flagship product called Crowdbux, this first quarter.

Speaking to the media, the Founder and Chief Executive Officer of Dexter, Chidebere Onwuzurike said “We are a research-based software startup founded in May 2021, we are leveraging the boundless powers of data and insights from excellently curated user experience research to develop and innovate more powerful, and inclusive software for the fintech sector. When asked if Crowdbux as a solution will make the needed impact in the fintech sector of the software industry, he responded “Yes, I can confidently say that it definitely will. For starters, we only develop and innovate software premised on credible insights from diligently curated consumer research; and…

Read More
Business Investments Opinion Security Technology

Fraud trends every CFO should know




PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider, gives a rundown of what to look out for.


  1. Fraud protection is no longer optional

It’s hard to believe today, but just a few years ago, even large organisations didn’t have payment fraud protection in place. One of our clients, a listed company, had an ongoing issue with payment fraud totalling over R3 million in losses in the year prior to adopting eftsure. They haven’t lost a cent to payment fraud since.


Businesses are taking the threat of payment fraud a lot more seriously than they did even two years ago. They’re acknowledging that the payment fraud risk is there and that it’s ubiquitous – not only large corporations and banks are…

Read More
Business Economy Finance Gadgets Society Technology Technology Trends

Cellulant Named Number One Payment Brand in Kenya


Pan-African payments technology company, Cellulant (Cellulant.io), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a leader in fintech and payments acknowledging the company’s commitment to excellence and customer satisfaction.


The Top Star Brand Awards recognise the “crème de la crème” brands that authentically lead their respective industries in brand presence. Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry. It is a display of those brands that have acquired unparalleled branding standards and have all the necessary components to become household names on a global scale. The awards are organized by Digital Events Ltd in conjunction with an independent panel of judges drawn from digital tech consultants, academia, IT professional bodies, relevant government department representatives,…

Read More
Announcements Business Economy

Saudi Arabia to Take Latest Giant LEAP into New World Economies with Multi-Sector Future Technology Event and AI-Focused DeepFest


100,000-plus participants anticipated as world’s most visionary tech event gets even bigger with globe’s leading disruptors heading to Kingdom in February 2023; Billionaire investors, technocrats, tech integrators, and sporting royalty from 50 countries among stellar 700-plus talent line-up.


After breaking a host of industry records during its 2022 launch, LEAP – the world’s most visionary technology event – returns to Riyadh in February with an even bigger format promising to attract the greatest digital thinkers and doers to empower the entrepreneurs, ignite innovation and leap into new worlds.


An expected 100,000 global tech innovators and disruptors will gather at the Riyadh Front Exhibition & Conference Centre from February 6-9, 2023, to unveil and accelerate a huge platform of breakthrough products and ideas, and forge partnerships that will drive new worldwide collaborations leveraging technology’s limitless potential.


Taking place alongside LEAP, the inaugural DeepFest – in partnership with the Saudi Data & AI Authority (SDAIA)…

Read More