Connect with us

Business

Social Media Has Reduced Youth Unemployment – ICT Experts

Published

on

Some ICT experts have said
that the impacts of social media in the lives of the youths are more positive as many of them have been gainfully engaged thereby reducing unemployment.
The experts made this known in separate interviews with newsmen in Abuja.
President and Chief Executive Officer of High-Tech Centre for Nigerian Women and Children Mrs Omowunmi Hassan said that social media had created employment for youths in the country.
She said that social media was one of the best things that happened to the world, especially the younger generation, “who are ICT savvy”.
“In the face of the economic challenges where young people don’t really have a platform, the social media is like their office, their work space, where they could air their opinions,” she said.
She said that the social media was a platform where the youths showcased their talents and works; they make themselves known to people and connect with friends and associates from all over the world.
“This is a whole lot of attraction to young people who obviously are not always in one place.
“There are a lot of social media platform, you have the Twitter, Whatsapp, Facebook, Instagram with different social importance.
“Our young people have found this platform very expressive to say what they feel and how they feel, especially in the time of democracy like this, they speak their minds freely, ” she said.
Hasan explained that the medium was also an avenue for online journalism, adding that information from the local, states and even the federal levels were shared.
She said that this had assisted in reporting what had been happening around and had created avenue for learning.
“The social media for me is a wonderful platform, though it has its lapses and disadvantages but I believe with time it will be one of those things that we will overcome, ” she added.
Mr Anietie Etuk , the Managing Director of Teencoders, an ICT training platform for teenagers said a lot of micro businesses that were coming up were conceived from the social media.
Etuk noted that these businesses were managed by the young people and this had created employment for them.
He said that social media and ICT, if properly harnessed and funded could boost economic development “in no small way”.
On her part, Ms Fatima Danjuma, another ICT expert urged the youths and other social media users to ensure security of any sites before opening them, saying unsecured sites could be identified by their addresses.
According to Danjuma, visiting social media sites has more positive values that outweigh its disadvantages.
“Social media sites are available for all, including youths, but should be visited with caution.
“Each secured site has security icon “https’ in its address, but any site that has only `http’ without the `s’ is not a secured site.
“It is therefore important for internet users, especially the youths to look out for such code before opening any site.
“The world is fast becoming internet world, where banking, buying, and other services are done online, that is the more reason for all internet users to look out for the security of any site before opening them.
“A situation where somebody gives his or her bank details or personal details to an unsecured site can be regrettable at times,” she added.
In a related development, some parents also expressed their views on the use of social media.
Mrs Yinka Bello, a parent said: “knowledge is not restricted to a source; social media is a good means of enriching ones knowledge, especially as the world has become a global village through internet.
“Students who are studying any course in Nigerian tertiary institutions can add to their knowledge through positive visits to sites that are related to their courses.
“Just like everything in life, social media also has its downside, but its good side highly outweighs its negative side,” he said.
Similarly, Mr Paul Agwu, another parent urged parents and guardians to always task their wards on likely implications of visiting social media sites that promote bad habits like pornography, homosexuality and financial fraud.
“As parents, we should always educate our youths to explore positive side of internet and shun the bad sites where bad habits are being promoted.
“Not every parent can afford those schools that teach high standard education, but through internet (social media), everyone can acquire standard knowledge,” he said.
It would be recall that losses to cybercrimes are on the increase globally, while some sites promote illicit habits to visitors.

Continue Reading

Business

Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

Published

on

The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
Continue Reading

Business

NPA Targets N1.489tn Revenue In 2026

Published

on

The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
Continue Reading

Business

NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

Published

on

Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
Continue Reading

Trending