I frequently get asked by young people: “Dangote, Elumelu, Ovia, etc. didn’t graduate at the top of their classes, but they are billionaires. How do you reconcile that?” Let me try to explain.

First, let’s recognize that the classroom and the business world have different exams. Just because you got an A in calculus doesn’t mean you’ll ace customer satisfaction when selling noodles. What worked for you in school doesn’t necessarily translate directly into success in business. Grades, while useful in some contexts, often don’t hold the same value when applied to real-world challenges. In fact, grades are largely meaningless in this context. What truly matters is the process you use to achieve those grades.

For example, getting an A in one university and graduating with a First Class doesn’t guarantee success in another, let alone success in a different field, such as business. When I was in secondary school, I wasn’t the smartest student, but I was probably the hardest-working. Where talent could not help, hard work did. If I had to read Modern Biology four times to get an A, then that was the price I was willing to pay. In fact, one of my teachers gave me the nickname “oku na egbu akwukwo,” meaning “the fire that destroys books.”

I took that same relentless work ethic to university. While I was successful academically, I didn’t necessarily have the highest intellectual ability. One of the smartest students I met at FUT Owerri didn’t finish his first year because he was too laid-back and careless. He failed fundamental courses like MTH 101 and PHY 101, which eventually led to his expulsion.

Now, looking at the success of figures like Aliko Dangote, Tony Elumelu, and Jim Ovia, it’s essential to focus on their processes, not just their grades. Over the long term, a student who worked hard to earn a C is often in a better position than someone who made a B without putting in the effort. Why? The C student likely honed better processes—like resilience, discipline, and perseverance—that will serve them in the future.

When companies hire individuals with high academic achievements, they aren’t just looking at the grades themselves. What those grades signify is the ability to set a goal, follow through, and achieve it. That is the process that companies value. If those students retain the same work ethic and processes, they can excel in any career.

In conclusion, the most important takeaway is this: focus on developing the right processes—the processes of hard work, consistency, discipline, and the ability to push through challenges. These processes are universal for success, regardless of the short-term outcome like school grades. A focus on process rather than product is what ultimately leads to long-term achievement, both in school and in business.

 

December 2024, COP29, Azerbaijan – Tariye Gbadegesin, the Chief Executive Officer of the Climate Investment Funds (CIF), shared his insights on two critical climate issues during a busy weekend at COP29. His statements underscored the urgency of tackling industrial emissions and promoting clean cooking solutions, both of which have significant implications for the climate and global health.

Decarbonizing Industry: A Vital Climate Strategy

Addressing the pressing challenge of decarbonizing industry, which accounts for 25% of global greenhouse gas emissions, Gbadegesin emphasized the need for rapid action. He highlighted the importance of fast-tracking decarbonization strategies and bringing promising low-carbon technologies to the market. “We need to accelerate the transition to cleaner, greener industries,” said Gbadegesin.

In support of this goal, CIF is a proud partner in the newly launched Global Matchmaking Platform. This initiative, which was unveiled on Friday at the conference, aims to connect developing countries with the necessary finance and technical assistance to implement decarbonization strategies. Gbadegesin explained that the platform is in perfect alignment with CIF’s own program, which focuses on accelerating the decarbonization of industries in developing regions.

Clean Cooking: Dual Climate and Health Benefits

Gbadegesin also addressed the importance of clean cooking, which is both a climate and health target. “Universal access to clean cooking can prevent 1.5 gigatons of CO2 equivalent emissions while providing substantial health, equality, and biodiversity benefits,” he explained. This dual benefit of clean cooking not only tackles climate change but also improves public health and empowers vulnerable populations.

At COP29, Gbadegesin participated in a vibrant event hosted by the International Energy Agency (IEA) and the Azerbaijan Presidency. The session provided a platform for CIF to share its experiences in financing clean cooking projects across developing nations. Gbadegesin expressed gratitude to CIF’s international partners—including India, Ghana, Uganda, Zambia, Kenya, the Netherlands, the UK, the US, France, Namibia, Tanzania, and Brazil—for their collective efforts in addressing this urgent global issue.No alt text provided for this image

Strengthening Partnerships and Innovations in Climate Finance

The CIF CEO also took time to appreciate the support of the International Finance Corporation (IFC), led by Makhtar Diop. He conveyed his thanks for the IFC’s contribution to the successful implementation of CIF’s Capital Markets Mechanism, which aims to leverage private sector investments for climate projects in developing countries.

Additionally, Gbadegesin shared his excitement about meeting Habiba Ali, CEO of SOSAI Renewable Energies Company, at the conference. They discussed Ali’s innovative work in making energy more affordable, efficient, and sustainable. “Her vision for energy access is inspiring, and CIF is committed to supporting such visionary leaders in our shared goal of building a sustainable future for all,” Gbadegesin remarked.

With his remarks at COP29, Gbadegesin reinforced CIF’s ongoing commitment to driving impactful climate solutions that benefit both the planet and the global community, especially in developing nations. The conversations and collaborations at the event have set the stage for future progress in industry decarbonization and clean cooking initiatives.

 

By: Cybersecurity specialists at ESET Southern Africa

 

South African shoppers are turning to their social media feeds to find the best Black Friday deals – unfortunately, cybercriminals aren’t far behind. In 2023, an estimated 90.6 million people worldwide shopped online on Black Friday, with South Africa’s BankservAfrica recording 1.4 million online transactions – an 11% increase from the previous year. While seasoned shoppers may feel confident in avoiding scams, fraudsters have become adept at blending in with the flood of social media discounts. Leveraging the trust consumers place in these platforms, cybercriminals mimic legitimate brands and deals, making it all too easy for shoppers to overlook critical warning signs in their rush to snag a bargain.

 

Common social media shopping scams

 

  1. Fake or cloned websites. One of the most common scam tactics involves directing shoppers to websites that look identical to those of reputable brands. These sites use similar branding, logos, and layouts, but have subtle differences in the URL, such as .co instead of .com or .co.za. The pressure of losing out on Black Friday deal can make consumers less vigilant, which fraudsters exploit by creating fake sites that lure shoppers in with unbeatable offers.

 

  1. Deceptive dropshipping ads. A number of ads on social media lead to dropshipping sites masquerading as local businesses, promising quick delivery and premium products. Shoppers may not realise they’ve purchased low-quality knockoffs until their orders arrive, with little to no recourse for returns or refunds. These ads often present as South African-based companies but are actually sourcing cheap goods from overseas, relying on the perception that because the advert appears on a reputable social media platform, the store is 100% legitimate too.

 

  1. Phishing for personal and payment details. Social media scams frequently employ fake checkout pages or order forms to harvest sensitive information. These sites often display trusted payment icons, creating a false sense of legitimacy.

 

If a site linked from social media seems suspicious, avoid entering personal details. Scammers often use this information for fraudulent transactions.

 

4)   Black Friday giveaways and limited offers. Scam ads offering Black Friday giveaways or urging users to act quickly are designed to bypass normal caution. These pages might ask users to claim a prize by entering personal information or paying a small fee. Countdown timers and ‘last chance’ messages are used to create a sense of urgency, but it’s worth keeping in mind that legitimate retailers don’t use these methods like this to pressure shoppers.

 

Tips for social media shoppers

 

  • Only trust ads from verified brand accounts, indicated by a blue checkmark, and review their post history and follower count to ensure you’re engaging with the real account.
  • Double-check URLs carefully. Scammers use slight URL variations to mimic official sites. When in doubt, type the brand’s website into your browser directly.
  • Take a second look at deals that seem too good to be true. While Black Friday discounts are enticing, extreme markdowns, especially on high-end products, are red flags not to be ignored.
  • Check for clear contact details. Legitimate sites usually display a customer service phone number, address, or live chat. A lack of contact options should be viewed with suspicion.
  • Ensure your security is up to date. Cybersecurity solutions like antivirus, firewalls and internet protection must be installed on any connected device, especially your mobile phone.

 

It’s important to balance the excitement of shopping with a healthy dose of caution. By being a bit more vigilant, consumers avoid cybercriminals looking to make a quick buck. If a deal or an ad feels off, take a moment to double-check because protecting yourself online is just as important as finding a Black Friday bargain. To help shoppers have a safer online experience, ESET is offering up to 50% off its award-winning Home Security products this Cyber Monday, 2 December 2024.

 

Ends.


About ESET
For more than 30 years, ESET® has been developing industry-leading IT security software and services to protect businesses, critical infrastructure and consumers worldwide from increasingly sophisticated digital threats. From endpoint and mobile security to endpoint detection and response, encryption and multifactor authentication, ESET’s high-performing, easy-to-use solutions unobtrusively protect and monitor 24/7, updating defences in real-time to keep users safe and businesses running without interruption. Evolving threats require an evolving IT security company that enables the safe use of technology. This is backed by ESET’s R&D centres worldwide, working in support of our shared future. For more information, visit www.eset.com/za or follow us on LinkedIn, Facebook, and Instagram.

 

In today’s fast-evolving digital landscape, the rise of cybercrime and identity theft has left many organizations grappling with the consequences of hacked social media accounts. The recent hacking of the social media handles of Mr. Chiedu Ebie, Chairman of the Governing Board of the Niger Delta Development Commission (NDDC), is a stark reminder of how vulnerable both public figures and institutions are to online fraud.

The perpetrators behind this criminal act not only impersonated Mr. Ebie but also misused the Commission’s name and logo to issue fraudulent business proposals. This malicious act has put the NDDC at risk of reputational damage, while preying on unsuspecting members of the public who may fall victim to these scams. It’s an unfortunate reality that criminal minds exploit the trust people place in established institutions, especially when those institutions are involved in development initiatives and public service.

What is particularly disturbing is the deliberate attempt to tarnish the image of a government agency entrusted with significant responsibilities for the Niger Delta region. The NDDC has worked hard to build credibility, and now, these cybercriminals are using their digital platforms to undermine that progress. It is a serious matter, and one that calls for immediate and decisive action.

However, this also serves as a crucial lesson for all of us — both public figures and the general public — to be more vigilant about online security. The public needs to understand that just because an account appears legitimate, it doesn’t guarantee authenticity. Scammers are becoming increasingly sophisticated in their tactics, and they often target those who may not be familiar with how to spot these red flags.

At the NDDC, we are taking proactive steps to address this issue. Security agencies have been notified, and we are working diligently to recover the compromised accounts. But this issue highlights a broader challenge we all face: How do we protect our digital identities in a world that is becoming more interconnected?

The truth is that no one is immune. From top-level officials to the average internet user, everyone must be aware of the potential dangers lurking online. It is not enough to rely solely on government action or corporate responsibility. Each of us must also play our part in ensuring that we do not fall prey to these malicious schemes.

I urge the public to remain cautious when engaging with any online communication, particularly if it involves financial transactions or sensitive personal information. Always cross-check details through official websites and verified social media handles before making any decisions. The NDDC is committed to ensuring transparency and integrity in all its dealings, and we will not condone any activities that threaten the well-being of the public or our mission.

To those who have been affected by these fraudulent activities, we understand your frustration and reassure you that we are doing everything in our power to hold the criminals accountable. It is a difficult battle, but one that we must face together. As we continue to strengthen our security measures, let’s all remember: the fight for trust in the digital age is ongoing, and we must be ever vigilant.

Seledi Thompson-Wakama
Director, Corporate Affairs
November 18, 2024

 

 

A high-ranking delegation from Nigeria’s Ministry of Foreign Affairs recently visited the MTN Group headquarters in Johannesburg, South Africa. The visit highlighted the growing efforts to deepen economic and diplomatic relations between the two largest economies in Africa.

The Nigerian team was led by Rt. Hon. Wole Oke, Chairman of the House Committee on Foreign Affairs, and included prominent figures such as Amb. Ahmed Sulu-Gambari, the Head of the Ministry of Foreign Affairs; Nigeria’s High Commissioner to South Africa, H.E. Alexander T. Ajayi; and other senior officials.

MTN Group’s top executives welcomed the delegation, including Group Chairman, Mcebisi Jonas; Chief of Staff (CEO’s Office), Jerry Varachia; Executive for Network Design, Amith Maharaj; Executive for Core Mergers and Acquisitions, Annemarie Krijnauw; Executive for Internal Audit, Motselisi Molapo; and Senior Manager for Strategic Public Affairs, Dominic Khumalo.

During the meeting, discussions focused on fostering stronger ties between Nigeria and South Africa. Both parties acknowledged MTN’s significant role in bridging economic and cultural gaps between the two nations. The Nigerian delegation emphasized the importance of private sector contributions to advancing regional integration, while MTN executives reiterated their commitment to contributing to Africa’s shared growth story.

This engagement comes ahead of Nigeria’s President, His Excellency Bola Ahmed Tinubu’s planned state visit to South Africa. MTN Group Chairman, Mcebisi Jonas, assured the delegation of MTN’s continued support for the Nigerian presidency’s economic and diplomatic initiatives.

The visit further cements MTN’s role as a key player in enhancing collaboration and fostering goodwill between Nigeria and South Africa. It also underscores the potential of private-public partnerships to drive economic development across the continent.

#DoingGoodTogether

 

 

In a move to simplify Nigeria’s often complicated telecom tariffs and improve the overall consumer experience, the Nigerian Communications Commission (NCC) has announced a new initiative aimed at reducing the overwhelming number of tariff plans and promotions in the telecommunications sector. This decision reflects the commission’s commitment to fostering transparency and empowering consumers to make more informed choices about their telecom services.

Speaking at a media capacity-building session held on Thursday at the Digital Bridge Institute (DBI) in Oshodi, Lagos, the NCC’s Director of Consumer Affairs Bureau, Ikechukwu Adinde, highlighted the need for clarity and simplicity in the sector.

“The current tariff structure is inundated with multiple promotions and add-ons that leave many consumers puzzled. It’s often difficult for users to discern which plans truly meet their needs,” Adinde explained. “Our goal is to simplify these options, creating a seamless process that allows every consumer to select what works best for them without confusion.”

Overloaded Tariff Options

Adinde provided striking examples of the complexity that consumers currently face. According to the NCC’s data, some telecom operators offer up to 145 data plans and 14 voice plans, while others have 41 data plans and 27 voice plans.

“With this level of variety, even the most tech-savvy users can find themselves overwhelmed. For the average consumer, the choices can feel almost impossible to navigate,” he said.

To address this, the NCC has proposed a cap, limiting telecom operators to seven tariff plans each. This streamlining effort is expected to significantly enhance consumer clarity and make it easier for Nigerians to choose affordable and relevant services.

Data Depletion: A Growing Concern

Adinde also addressed a pressing issue for many Nigerians—data depletion. For years, consumers have expressed frustration over the rapid consumption of their data plans, often without understanding why it happens.

“The relationship between data tariff plans and consumption needs to be better understood by consumers. That’s why the NCC is rolling out awareness campaigns to educate users on managing their data effectively,” he said.

These campaigns aim to demystify the factors that influence data usage. For instance, smartphone apps often consume large amounts of data in the background, a fact many users are unaware of. Adinde advised consumers to regularly review their app settings, disable automatic updates, and monitor high-data-consuming apps to stretch their plans further.

Additionally, the NCC is taking proactive steps to ensure transparency by publishing all approved tariff plans on its website. This will serve as a reliable resource for consumers, providing accurate and up-to-date information to help them make better decisions.

A Consumer-Focused Approach

For the NCC, these reforms are about more than just simplifying tariffs; they’re about putting consumers at the heart of the telecom experience.

“These changes are designed to restore trust and confidence in the sector,” Adinde emphasized. “We want every Nigerian to feel empowered, to know that their needs and concerns are being heard and addressed. Simplifying the market is just one step in a larger journey toward a more consumer-centric telecommunications industry.”

What’s Next?

As the NCC rolls out these initiatives, industry stakeholders and consumers alike are watching closely. For many Nigerians, the promise of simplified tariffs and greater transparency represents a much-needed shift in an industry often criticized for its complexity.

By prioritizing consumer education, simplifying choices, and fostering transparency, the NCC is setting the stage for a telecommunications sector that works better for everyone—one that is easy to navigate, fair, and consumer-friendly.

For now, the message from the NCC is clear: telecommunications in Nigeria are about to become less complicated and more empowering.

Anthony Emeka Nwosu

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has emphasized the critical importance of corporate governance for the survival and sustainability of Nigeria’s telecom sector. Speaking at the 2024 Annual Corporate Governance Conference, Dr. Maida addressed the theme: “Corporate Survival and Sustainability—The New Face of Governance in the Nigerian Telecoms Sector.”

Reflecting on the industry’s remarkable progress, Dr. Maida highlighted its significant contributions to Nigeria’s Gross Domestic Product (GDP). He underscored the shift in governance practices, which now extend beyond regulatory compliance to becoming key drivers of corporate survival, innovation, and long-term growth.

“Survival and sustainability are no longer optional; they are essential for corporate success,” Dr. Maida stated. He noted the increasing regulatory, environmental, and societal pressures facing companies in the sector. To navigate these challenges, he advocated for governance frameworks that inspire trust, encourage innovation, and create enduring value.

“At the Nigerian Communications Commission, we view corporate governance as more than a checklist; it must be a culture ingrained at every level of an organization,” he added.

Dr. Maida concluded by stressing the role of adaptable governance frameworks in a rapidly changing global landscape, urging telecom leaders to adopt robust governance structures as a foundation for industry resilience and sustainability.

The conference served as a platform to explore strategies for embedding corporate governance into the core of Nigeria’s telecom sector, reinforcing its role as a catalyst for economic growth and innovation.

 

 

The Honourable Minister of State for Defence, H.E. Dr. Bello Matawalle, has initiated high-level discussions with Major General Mohammed Bin Saeed Al-Moghedi, Secretary General of the Islamic Military Counter Terrorism Coalition (IMCTC). The talks, held at the IMCTC Headquarters in Riyadh on Monday, November 18, 2024, aim to foster collaboration and share expertise in combating terrorism.

The meeting underscores Nigeria’s commitment to addressing security challenges through international partnerships. Dr. Matawalle is set to engage with top counter-terrorism strategists and logistics experts during his visit.

Speaking on the significance of the discussions, defence analysts anticipate the outcomes will strengthen Nigeria’s approach to counter-terrorism and enhance its capacity to tackle insurgency and extremism. This visit represents a crucial step in leveraging global alliances to safeguard national and regional security.

 

 

Renowned Food Research Scientist and Commonwealth Scholarship Alumni, Nicholas Alifa, has emphasized the transformative power of STEM (Science, Technology, Engineering, and Mathematics) education in addressing global food challenges. Sharing his insights, Alifa, also a Harvard Executive Education alumnus, described STEM as the key to unlocking innovations essential for feeding a growing global population sustainably.

According to Alifa, the future of food hinges not just on technological advancements but on nurturing minds capable of driving innovation. He highlighted the urgency of empowering individuals through STEM education to understand complex systems and create practical solutions. “What excites me about STEM education is its ability to empower individuals to not only understand complex systems but also to create practical solutions,” he said.

Alifa pointed out that STEM education is pivotal in food science innovations, such as developing technologies that reduce waste, improve efficiency, and transform food cultivation, processing, and consumption. Beyond research, he emphasized action: using knowledge to create a real-world impact.

“Whether it’s designing more efficient food systems or creating sustainable alternatives to traditional protein sources, STEM plays a vital role in shaping that future,” he stated, urging stakeholders to prioritize the next generation of innovators to tackle the food system’s biggest challenges.

Supporting STEM Education in Food Science

Alifa’s statement calls for a multi-faceted approach to supporting STEM education, including:

  • Investing in Education Infrastructure: Establishing and upgrading STEM-focused schools, laboratories, and research centers.
  • Incentivizing Young Minds: Offering scholarships, mentorship programs, and showcasing career opportunities in food science to attract talent.
  • Public-Private Partnerships: Encouraging collaboration between industry and academia to bridge the gap between research and practical applications.
  • Raising Awareness: Promoting the societal importance of food science to inspire interest and innovation.

As the world faces increasing challenges in food security and environmental sustainability, experts agree with Alifa’s assertion that STEM education will be pivotal in driving transformative solutions.

Join the Conversation

Alifa concluded by inviting stakeholders to share ideas on how to better support STEM education and encourage more young minds to enter the field. “How can we better support STEM education in food science? What changes do you think are necessary to encourage more young minds to enter this field? Let’s discuss,” he said.

This call to action serves as a timely reminder of the critical role education plays in securing the future of food and the planet.

 

Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has highlighted the transformative potential of blockchain and AI in positioning Africa as a global technology leader.

 

In his keynote address, titled “Blockchain Technology & AI: Positioning Africa for the Future,” and delivered at the Africa Tech Alliance (AfriTECH 4.0) Forum held in Lagos recently, Abdullahi emphasized Africa’s unique position to leverage these technologies for economic and social development.

 

With mobile penetration at 80% and a rapidly growing youth population, Africa, he noted, is fertile ground for digital transformation, noting that Blockchain and AI offer unparalleled opportunities to propel Africa into the future as a leader in the global digital economy.

 

“Both blockchain and artificial intelligence are powerful technologies that offer Africa unprecedented opportunities. By strategically integrating these technologies, we can propel Africa forward as a dynamic leader in the global digital economy,” he said.

 

Abdullahi who was represented at the event by Mrs. Rita Shoremi, Head, Startup Innovations and IT solutions, NITDA, South West Zone, outlined the potential of blockchain to address challenges in financial inclusion, governance, and property rights across the continent arguing that with over 57% of Africans unbanked, blockchain can extend financial services to underserved regions, adding an estimated $300 billion to Africa’s GDP by 2025.

PHOTO: DG of NITDA’s representative: Mrs. Rita Shoremi, Head, Startup Innovations and IT solutions, NITDA, South West Zone.

 

“Africa stands at a unique juncture. Our continent has seen remarkable digital growth, with mobile phone penetration reaching 80% across sub-Saharan Africa according to a World Bank, 2022 report.

 

“Africa is also home to one of the world’s fastest-growing youth populations, over 60% of whom are under the age of 25 by a UN Population Data of 2022. These dynamics offer a fertile ground for digital transformation, and emerging technologies like blockchain and AI have the potential to redefine key sectors that fuel Africa’s economy,” Abdullahi stated.

 

Blockchain technology, he said, is gaining global recognition for its potential to bring transparency, security, and efficiency to multiple sectors, noting that for Africa, the applications of blockchain are wide-ranging and transformative especially in   combating corruption and securing land ownership through transparent digital records.

 

On Artificial Intelligence and its role at driving productivity and innovation, the NITDA DG averred that AI, as a cornerstone of the Fourth Industrial Revolution, is expected to contribute over $15 trillion to the global economy by 2030, adding that for Africa, AI can transform critical sectors, from healthcare to agriculture and education, driving progress and closing infrastructural gaps.

 

Abdullahi highlighted AI’s transformative role in agriculture, healthcare, and education, and stressed that AI-driven solutions are improving crop yields and optimizing resources in agriculture, while AI diagnostics help bridge healthcare gaps.  Additionally, AI-powered education platforms can address Africa’s shortage of teachers by providing personalized learning at scale.

 

To fully capitalize on blockchain and AI, Abdullahi emphasized the need for supportive policies, strategic partnerships, and youth empowerment and noted that NITDA’s eight-pillar strategy aligns with Nigeria’s goals for digital literacy, infrastructure access, and global research collaboration, with a goal of achieving 70% digital literacy by 2027.

 

He opined that there has not been a time when the government of the day in Nigeria, has shown much interest as well as being intentional about economic transformation rooted in technical efficiency and innovation than now.

 

“The focus on AI research with an ambitious global target is just one aspect. Presently we are already operating a centre called The National Centre for Artificial Intelligence and Robotics which has remained focused on supporting young entrepreneurs with innovative ideas as well as building the capacity of young Nigerians in the Area of AI,” he said.

 

Abdullahi insisted that while technological innovation is one single factor that can change the story of Nigeria as a nation, AI is the force to power these innovations, democratize its access and catalyse the nation into a new horizon.

 

He expressed the hope for a future where the collaboration between governments and the AI research community leads to new frontiers of knowledge and economic prosperity and underscored Africa’s potential as a pioneer in the digital revolution.

 

While urging stakeholders to harness these technologies to drive economic prosperity and social inclusion, Abdullahi tasked participants by declaring: “Africa’s potential in the digital age is boundless. By embracing blockchain and AI, we can create a future where technology serves as a bridge to economic growth, social inclusion, and sustainable development.

 

“We are not just spectators in the digital revolution; we are pioneers. Let us seize this moment to place Africa at the forefront of global innovation.”