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Transforming Nigeria’s Fintech Ecosystem: The Benjamin Oyemolan Way

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Nigeria’s fintech industry is experiencing a wave of transformation spearheaded by Benjamin Oyemolan, CEO of Platnova Technologies Limited. With a focus on innovation and digital empowerment, Oyemolan is revolutionizing financial services and paving the way for a more inclusive and efficient financial landscape.

In a recent interview, Oyemolan shared his journey from personal challenges in managing cross-border financial transactions to founding Platnova Technologies. Utilizing blockchain technology, his platform offers a range of services including multi-currency savings vaults, instant currency conversion, and international remittances, simplifying global financial interactions for users across the globe.

Beyond business, Oyemolan is committed to youth empowerment and digital literacy. As the Ecowas Youth Ambassador, he champions workshops, seminars, and mentoring programs to inspire young people to explore opportunities in technology and entrepreneurship. Through these initiatives, he aims to foster socio-economic growth in the region.

Oyemolan sees fintech as a catalyst for employment and financial inclusion in Africa. By promoting digital entrepreneurship and financial literacy, he believes blockchain and fintech can create job opportunities and empower the unbanked. His efforts align with broader goals of economic development and poverty alleviation.

In terms of skill development, Oyemolan emphasizes the importance of continuous learning and technical proficiency. He encourages aspiring tech enthusiasts to focus on coding, blockchain principles, and system design, while also nurturing soft skills like problem-solving and collaboration.

Despite challenges, Oyemolan remains optimistic about Nigeria’s tech ecosystem. He highlights the country’s vibrant startup culture, increasing investment, and supportive community of tech enthusiasts as key factors driving growth in the industry. Opportunities abound for career advancement in fields like software development, data science, and cybersecurity.

In summary, Benjamin Oyemolan’s journey exemplifies the transformative potential of technology in driving socio-economic development. Through his work, he inspires and empowers a new generation of tech enthusiasts to harness the power of innovation for positive change in Nigeria and beyond.

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Interview

200 Jobs At Risk As Microsoft Shuts Down Centre In Nigeria

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In a significant setback to Nigeria’s burgeoning tech industry, reports suggest that Microsoft is considering the closure of its African Development Centre based in Lagos.

This move, if confirmed, would have profound implications for the country’s technological landscape, potentially impacting job opportunities and innovation in the sector.

According to industry insiders who spoke to The Guardian newspaper on Tuesday, Microsoft informed staff on Monday of the closure plans.

According to reports from the newspaper, affected employees are slated to receive salary payments up until June and will continue to be covered by health insurance

While the precise motives behind the decision remain ambiguous, sources suggest Nigeria’s challenging economic conditions likely played a role

The closure appears to affect only the ADC’s West Africa operations in Nigeria, not its East Africa facility in Nairobi, Kenya.

Microsoft launched its $100 million African Development Centers initiative in 2019, establishing facilities in both Lagos and Nairobi.

The Nigeria centre employed over 120 engineers upon launch in 2022, growing to more than 200 total staff members.

At the time, Gafar Lawal, Managing Director of Microsoft ADC West Africa, said as quoted by The Guardian, “We intended to recruit 500 full-time engineers by the end of the year or by 2023. However, currently, we have exceeded 500. This is to tell you about the abundance of talents we have in Africa.”

The Lagos Centre was inaugurated to develop innovative technology solutions to address challenges across Africa and globally.

A Microsoft statement stated, “This also creates opportunities for engineers to do meaningful work from their home countries and be plugged into a global engineering and development organisation

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Interview

Japa: Nurses Drag Ministers, Others To Court Over New Policy

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Some Nurses in the country have dragged the Nursing and Midwifery Council of Nigeria (NMCN), the Minister of Health, and six others before the National Industrial Court of Nigeria, over a new certificate verification guidelines issued by the Council.

The NMCN had on February 7, 2024, issued a circular revising the guidelines for requesting verification of certificates for Nurses and Midwives in the country.

The Council stated that applicants seeking verification of certificates from foreign nursing boards and councils must possess two years of post-qualification experience from the date of issuance of the permanent practising license.

The new guidelines came into force on March 1, 2024.

There have been series of protests by Nurses in Abuja and Lagos, demanding the reversal of the new guidelines.

Consequently, some aggrieved Nurses have dragged the Registrar of NMCN; Coordinating Minister of Health and Social Welfare; Federal Ministry of Health and Attorney General of the Federation before the court demanding the suspension the policy.

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INEC Warns Political Parties Against Frequent Changes in Primary Election Dates

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The Independent National Electoral Commission (INEC) cautioned political parties against the frequent changing of primary election dates, citing disruptions and costs incurred. INEC Chairman, Prof Mahmood Yakubu, emphasized the need for parties to adhere to proposed dates and modes of primaries for optimal resource deployment.

The warning came during the first regular quarterly consultative meeting with political parties in Abuja. Yakubu highlighted the upcoming Ondo State governorship primary elections, urging parties to maintain consistency to ensure certainty and efficiency in the electoral process.

He also addressed issues of acrimonious primaries and the emergence of multiple candidates, stressing the need for parties to avoid unnecessary litigations and disruptions. Additionally, INEC revealed that only six out of 16 political parties interested in the Edo governorship election had uploaded candidate details, urging parties to adhere to the Commission’s schedule to avoid last-minute rush and ensure successful nomination of candidates.

In his address during the first regular quarterly consultative meeting with political parties in Abuja, INEC Chairman, Prof Mahmood Yakubu, expressed concern over the recent trend of frequent changes in primary election dates by political parties.

He emphasized the disruptive and costly nature of such changes and urged parties to adhere to their proposed dates and modes of primaries to ensure efficiency and optimal resource deployment. Yakubu specifically referred to the upcoming Ondo State governorship primary elections scheduled to commence on April 6, 2024, cautioning against last-minute adjustments that could undermine the electoral process.

Yakubu highlighted the need for political parties to conduct primaries without acrimony and avoid the emergence of multiple candidates, which often lead to unnecessary litigations and disputes. He urged parties to find solutions to these challenges to streamline the electoral process and minimize disruptions.

Moreover, Yakubu addressed the issue of parties granting waivers to candidates who recently defected from other political parties, leading to conflicts and legal disputes. He emphasized the need for parties to adhere to the rules and regulations governing candidate nominations to prevent unnecessary legal battles that drain resources and time.

Regarding the Edo State governorship election scheduled for September 21, 2024, INEC revealed that only six out of 16 political parties that expressed interest had uploaded details of their candidates on the Commission’s portal. Yakubu urged parties to adhere to the Commission’s schedule and avoid last-minute rush to ensure successful nomination of candidates within the stipulated timeframe.

Overall, INEC’s message underscored the importance of stability and adherence to electoral timelines by political parties to enhance the integrity and efficiency of the electoral process.

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