Tag: invest

  • Invest in livestock, African countries urged

    • ‘Sector’s global value hits $1.4 tr

    A Livestock expert and Executive Director of Forum for Agricultural Research in Africa (FARA), Dr. Yemi Akinbamijo, has challenged African countries to invest in livestock.

    He spoke as a guest lecturer at the  yearly lecture of  the Department of Animal Science with the Directorate of International Programmes, University of Uyo (UNIUYO), Akwa Ibom State.

    He decried the low level of investments and lack of interest by most African countries, including Nigeria, in the sector, saying the situation was pathetic.

    Akinbamijo said the major challenge that livestock investors face in Africa is  low capacity for innovation.

    On why African countries must take action, Akinbamijo said total asset value of the global livestock market stood at $1.4 trillion and the sector globally employs about 1.3 billion people with Africa gaining or contributing very little.

    He said of the five highest value global commodities, four are livestock.

    The FARA chief said by 2040, 70 percent of global beef and milk will be produced in developing countries by small holders.

    On global food production, Akinbamijo said by 2050, the meat and milk markets are projected to increase 145 percent and 155 percent, respectively, over 2005/07 levels.

    He said over this period, Africa’s increase in volume of meat consumed will be at par with that of the developed world and Latin America and gains in the size of Africa’s milk markets will be stronger than in any other region except South Asia.

    He said further that the yearly growth rates in both meat and milk consumption are projected to be higher in Africa than in any other region except in South Asia. In both volume and value, beef, milk and poultry will provide business opportunities for Africa’s livestock producers, sellers and investors, the FARA Boss submitted.

    He however regretted that since livestock do not get the attention it deserve in most part of Africa, its potential to contribute to economic well-being of the continent is under-exploited.

    According to him, three quarters of Africa’s rural households, who possess livestock, employ about 50 per cent of agricultural labour force. He added that the trend accounts for about one third of agricultural Gross Domestic Product GDP (contributes about 10 per cent of GDP).

    He said that livestock which is the fastest growing agriculture subsector, provides food; employment and income; soil fertility improvement; traction (ploughing and transport), including capital accumulation to cope with food crises and major life events.

    He, however, advised African governments and investors in livestock to add value to their stock for greater markets outreach.

    The lecture with the theme “Livestock and the economic wellbeing in Africa” was sponsored by by Dantata Foods and Allied Products.

  • Lagos accountants urged to invest in agric

    Accountants in the Lagos State public service have been urged to take advantage of the present economic situation in the country by investing in the agricultural sector.

    President, Institute of Chartered Accounts of Nigeria (ICAN), Otunba Femi Deru, who spoke yesterday at the fifth Annual Public Lecture of Lagos State Public Service Chapter of the association, said agriculture before now contributed about 42 per cent to the country’s revenue, adding that it remains one area that the country is capable of utilising to resolve its economic challenges.

    In his opening remarks, Chapter chairman, Mr. Abdul Adekunle, said agriculture has the potential to contribute immensely to the economy of the country if well harnessed.

    He explained that the theme for the lecture was carefully chosen after appraising recent happenings in the nation  urging the accountants to take advantage of the opportunities within the sector.

    “ICAN, since its formation, has consistently been in the fore front of awakening its immediate society in the areas of national issues with the aim of providing a platform by which issues of national interest are discussed. There cannot be a more appropriate time than this with the emergence of a new government which inherited a bewildered economy.”

    He said the Nigerian economy has largely depended on the proceeds from the sale of oil, which is at the expense of other sectors such as solid minerals and agriculture that contribute significantly to the nation’s economy.

    In his lecture titled ‘Agriculture: Catalyst for Socio-economic Development’, Permanent Secretary, Lagos State Ministry of Agriculture and Cooperatives,  Dr. Yakubu Bashorun, stressed the need to diversify and explore opportunities within the sector.

  • Dangote to invest $16b in Africa

    Dangote to invest $16b in Africa

    Africa’s largest independent cement producer, Dangote Cement Plc, plans to invest $16 billion in new projects and existing cement plants across Africa within the next three years, its President/CEO, Alhaji Aliko Dangote, has said.

    Speaking at the inauguration of Dangote Cement Plant, Ethiopia, yesterday,  he said the investment is in line with the company’s long term vision to become one of the world’s biggest cement producers.

    “We envisage that by the time we complete all our ongoing African projects, we will be on track to achieving our target,” he said.

    To achieve the target, he said the company is currently simultaneously setting up new cement plants and terminals across 16 African countries, including Ethiopia, which is the sixth offshore plant that has commenced operations outside Nigeria. Other countries where the company’s plants are currently running include Senegal, Cameroon, Ghana, South Africa, and Zambia.

    While the company’s cement plant in Tanzania is set for commissioning in few months time, he said other plants in other countries are in various stages of construction, and are scheduled for completion next year. He said construction on the new 2.5 million metric tonnes per annum (mmtpa) Dangote Cement Plant in Mugher District in Ethiopia started in March 2012.

    While promising that the company would double the capacity of the plant starting from this year, he explained that the choice of Mugher, a village located about 85 kilometers from Addis Ababa, the Ethiopian capital, for the $480 million project was informed by the availability of abundant natural resources required for the manufacture of cement

    He listed them to include limestone, gypson, clay, silica sand, and ferrogeneous basalt.  Besides, Mugher, he said, is a major cement hub in Ethiopia.

    “The plant will produce our premium 42.5 cement quality grade that has raised the bar as far as cement usage in Africa is concerned because of its superior qualities that include extra strength, extra yield and extra life,” he said, adding that the plant will create direct employment for about 2, 000 people in the main plant operations and logistics with a fleet of about 600 trucks, as well as over 5, 000 indirect jobs.

  • Invest in research, govt told

    The Vice-Chancellor of Adekunle Ajasin University in Akungba-Akoko (AAUA) in Ondo State, Prof Igbekele Ajibefun, has urged government at all levels to invest in quality research that would aid development of education for national growth.

    Ajibefun, a professor of Agricultural Economics, gave the charge while presenting a paper titled: Enhancing research and development in the educational sector to the participants in the Senior Executive Course 37 of the National Institute for Policy and Strategic Studies (NIPSS) in Akure, the state capital, last week.

    Ajibefun said that no nation could achieve progress without heavy investment in education and research.

    He said: “The challenges facing countries in the 21st century are enormous and require prompt and adequate attention .These challenges range from unemployment, poverty to security and health issues. The challenges are interlinked and interwoven and as such, require comprehensive approach to tackle them.

    “The global society is faced with challenges that require in-depth research that could lead to scientific and technological breakthrough to address such challenges. Investment in both basic and applied research and development seems to present options to tackling the challenges.”

    The VC said the role of quality research could not be underestimated in process of development, adding that no nation could make adequate progress without huge investment in the university education and research, which, he said, could engender scientific and technological successes to solve societal challenges.

    Ajibefun lamented the attitude of Africans to research and development, which he said was discouraging compared to that of the developed nations. He urged African leaders to fund researches, saying they are capable of providing solutions to ailments afflicting the continent.

  • Invest in your alma mater

    The National President FUNAAB Alumni Association, Prof Lateef Sanni, has urged members of the association to look for avenues to invest in the university.

    Sanni, who is also the Dean, College of Food Science and Human Ecology (COLFHEC), said this during the 18th annual convention and 17th annual lecture series of the association.

    “What I am calling for is that you need to come back to the university and invest either as individuals or as groups,” he said.

    Sanni said they could invest in the International Scholars’ and Resources Centre (IS&RC), the Zoological Park and the various crop and livestock projects on the campus.

    The Vice-Chancellor, Prof Oyewole, praised the association for its contribution to the overall development of the university through its yearly scholarship awards for indigent students and other initiatives.

    The convention’s lecture entitled: “Improving Rural Livelihood for National Food Security”, was delivered by Prince Adetokunbo Ogundipe, Director of Agriculture and Natural Resources, Ibarapa Local Government, Eruwa, Oyo State.

    Highpoint of the event was the conferment of distinguished awards on two personalities, the first VC, Prof Julius Okojie, and the Pioneer Registrar, Princess Adebisi Gbadebo-Soboyejo, for their contributions to the development of the university over the years.

     

  • Flour Mills to invest in rice production

    Flour Mills to invest in rice production

    Flour Mills of Nigeria (FMN) will soon invest in the production and processing of locally grown rice through the participation of local farmers and other stakeholders in the supply chain.

    The company’s Group Managing Director Paul Gbededo, spoke in Lagos.

    “Nigeria consumes about 4 million metric tonnes of rice and we need about 1 million acres of land to achieve that. We want to start aggregating by involving others in the supply chain,” said Gbededo.

    FMN, which used to produce wheat-based products, initially began its rice business in 2009 by importing par-boiled rice into Nigeria. In 2010, the company constructed a rice mill which had the capacity to process brown rice to par-boiled rice.

    “We are commissioning and improving our capacity utilisation. Our new investments and projects are reaching maturity.”He further stated that the production of rice was affected by the tariff on its import as imported rice was cheaper than rice produced locally. He said that the increase in import tariff would also enhance its profit margin.

    Gbededo continued: “We are commissioning and improving our capacity utilisation. Our new investments and projects are reaching maturity.

    “We would start production at the 350,000 metric tons per annum edible oil processing company in Ibadan by the end of this year, our snack business is reaching maturity with the completion of Golden snack facility in Agbara, the $250m Golden sugar investment, our oil palm processing, all these investments would start impacting on the bottom line moving forward.”

    FMN saw a 22.45 percent appreciation in its profits for  last  year.

  • Don to govt: Invest in agric to reduce unemployment

    The Provost, Oyo State College of Agriculture, Igboora, Prof. Gbemiga Adewale,  has called on the government to invest in agriculture to reduce unemployment in the country.

    Adewale said more investment and concentration on agricultural development would reduce unemployment to a minimal level.

    According to him, unemployment can only be eradicated in Nigeria if the federal and state governments invest in agriculture.

    “They should provide conducive environment that will entice jobless youths to the sector,” he said.

    He urged the government to enhance the capacity of the youths through support for vocational studies to make them self-reliant, adding that the government should also provide soft loans for young farmers.

    “God has been so kind to this country because we are blessed with fertile land on which we can plant any crop across the nation and you can be sure of good harvest at the end.

    “But I sincerely believe that millions of our unemployed youth will go back to farm if the governments, I mean the federal, state and local governments, can make it a point of duty to provide enabling environment.

    “They should do that by making tractors and other equipment available, provide storage facilities, soft loans and buy the goods from them, possibly for export when necessary,” the provost said.

    He said the institution was ready to provide technical assistance, including consultancy to farmers.

  • ‘Why companies must invest in community’

    ‘Why companies must invest in community’

    Nonny Ugboma is the Executive Secretary of the MTN Foundation (MTNF), the vehicle for driving MTN’s Corporate Social Responsibility strategy. She holds a Bachelor’s degree in Accounting and Financial Analysis from the University of Warwick, England and a Master’s degree in International Management from King’s College, University of London, England, she joined  MTN in 2003 as a Financial Analyst/Business Planner in the Marketing Division. In this interview with Bukola Afolabi, she speaks on the functions of the Foundation 

    MTN Foundation has received considerable visibility in the media via its interventions in different segments across the length and breadth of Nigeria. What is the strategy behind your intervention projects?

    Let me start by saying MTN Foundation is very appreciative of the media for their untiring efforts at coverage of all the Foundation’s activities and we hope that you would continue to avail us your support. We consider the media as critical in MTN’s quest to improve on the lives of people living in the communities where we operate, and to be a critical agent for social economic development of Nigeria as a whole.

    For us, MTN has adopted corporate culture to do good, it is not only important for us to give back to communities where we operate but it is also smart business. We believe that healthy communities are important to the wellbeing of the society. MTN’s Corporate Social Investment (CSI) is an integral part of the business and so we believe that the Foundation is a vehicle to implement MTN’s CSI agenda. We have adopted a systematic approach in delivering our interventions. We consider things like wide impact, replicability of projects – we must be able to replicate projects across the six geo-political zones of the country. We also look at the sustainability of the projects to ensure that the impact is long-lasting

     You mentioned that MTNF’s projects have a wide reach. Can you be more specific?

    MTN Foundation has 20 projects located in over 300 project sites in the 36 states of the Federation and the FCT under three core areas – Education, Economic Empowerment and Health.  The reality is that we are unable to intervene in all the areas of need nationwide, but we certainly hope that we can act as catalysts to encourage other organisations and individuals to do their bit by giving back.  Prior to the Foundation being set up, a study was done and the three core areas of intervention were agreed.  Subsequently, stakeholder forums were held under each of the three portfolios to prioritise areas of needs that we as a Foundation should concentrate on.

    What do you consider critical when selecting your implementation partners?

    For us to deliver the quality of projects that we conceptualise in the Foundation, we have instituted clear project consultants’ selection criteria. It is a rigorous process and we go through this with the procurement department to determine the best fits with regard to competence and values. Competence is very key as the organisation must have the technical ability to roll out the project. Values are also very important to us in terms of corporate governance and ethics.  These two points are critical agents that can affect the spirit of partnership. In the past, we have had to end relationships with project consultants because they could not deliver on the projects assigned to them. We have also ended relationships with organisations whose corporate governance fell short of the acceptable level. So they go hand in hand. An organisation can have all the competences but if their values do not align with that of MTN’s we would not engage them in any of our activities.

    Your initiatives in the health sector have been lauded by many stakeholders. You seem to focus a lot of attention and resources on the health sector. Could you tell us why this is so?

    Well the importance of good health in the life of an individual cannot be overemphasised. We are very proud of the interventions we have made under our health portfolio because a healthy nation is a wealthy nation. Some of our interventions under the health portfolio are the Eyesight Restoration Scheme, Y’ello Doctor Mobile Clinic, Medical Support Project under which we have Haemodialysis and Mammography Centres. We support people living with the sickle cell disorder, we support orphanages, we engage in community health screening and we have taken care of many children who were in need of medical intervention here and abroad. I guess health initiatives tend to touch the flesh more because we are either restoring eyesight or we are giving hope through treatment or curing one form of ailment or the other. We also attribute the same level of importance to the other portfolios we have which are education and economic empowerment because they all go hand in hand. We cannot speak about a healthy nation without mentioning education and empowerment really so we are trying to maintain a balance with regard to the projects that we roll out. We try as much as possible to ensure that sustainability is woven into each of our unique projects. The definition of sustainability is different depending on the project so you could have sustainability for income generating activities. For example, at the haemodialysis centres that we have provided, patients pay a reduced fee of N15,000 into the treating hospital’s account compared to an average of N35,000 at other unsubsidised centres across the country.  This account is jointly managed by the project consultant and the hospital authorities and the generated funds in this case are used to maintain and keep the facility running.  This is an illustration of sustainability from an income generation perspective.  Now in the case of the Eyesight Restoration project people may ask, what is the sustainability there? For us, the fact that we have helped people to regain the use of their eyes means that we have contributed to them leading a sustainable life. Ultimately, by helping them to regain their eyesight, we are making it possible for them to continue their education or employment that way they are positioned to be empowered economically. That, to us, is also a sustainable intervention.  We also have the situation where we give out scholarships to university undergraduates. The sustainability here is the fact that we are providing students with financial assistance to enable them get education and upon graduation they will be able to lead and maintain a sustainable life, all things being equal. Bottom line is that we are flexible in defining sustainability and ultimately it is the longevity of the impact of the project in the lives of the beneficiaries.

    What were the factors you considered before embarking on the EYERIS project? Did you consider sight impairment to be more critical than say, malaria, HIV and AIDS, among other diseases that afflict many people?

    The fact is, we consider every debilitating and adverse circumstance to be tragic and awful and can’t say one situation is better than the other. Regrettably, we cannot intervene in every area. For HIV and AIDS, for example, we’ve had a number of initiatives in the past that have touched lives like voluntary counselling and testing centres. As I explained earlier, we help sickle cell sufferers. We have five sickle cell clinics across the country, we have haemodialysis and mammography centres and so on and so forth. But for the Eyesight Restoration scheme, we are aware that the incident of cataract is quite high in Nigeria. Cataract is known to be one of the most common causes of preventable blindness and has very significant social-economic impact on the Nigerian economy. So for us, it was an area we could easily go into and we had the right project partner – the Eye Foundation. The idea was to spend three weeks in each beneficiary state and try as much as possible to screen the eyes of patients and give treatment to those deserving it and conduct cataract surgeries for those who require it. For the EYERIS project, we had the endorsement of the Federal Ministry of Health and we implemented it in six states – Osun, Niger, Abia, Delta, Sokoto and Jigawa. It was a very collaborative experience in these states. You know, when we had the expressions of interest published in the media, many states wanted to be part of it so we shortlisted states where we conducted verification inspections and finally we selected those who were able to provide sites for the exercise to be conducted. Each state must also provide the logistics such as transportation for the beneficiaries to get to the screening and surgery venues. So these six states emerged successful and the project was implemented in the states between April and November 2013 and we touched the lives of 33,000 people across the six states. The 33,000 beneficiaries were broken down as follows:  over ten thousand cataract surgeries were performed; twelve thousand pairs of glasses were also given out to those who needed them and in addition we gave out drugs to about eleven thousand patients to treat the various eye conditions they had. This project is very heartwarming especially when you see individuals wrestle back their dignity and their economic empowerment from the scourge of blindness. There are several personal stories of individuals whom I saw when I went round the beneficiary states.

    Do you have any success stories from the perspective of your beneficiaries that you would love to share with us?

    Yes we have quite a lot of them from all our projects but I will say this one for the EyeRIS project. There is this particular gentleman in Delta State that comes to mind, he used to be a commercial motorcyclist commonly called Okada rider and sadly  he lost his sight in both eyes due to cataract and he is the bread winner of the family. He was first brought in by his wife and other family members for the surgery one eye at a time because our surgeons don’t operate on both eyes at the same time. When this gentleman came out of the second surgery, he was alone and the fact that he sat on his motorbike and drove after healing from the surgeries was really remarkable. His family members were extremely elated and the out pouring of gratitude to the Foundation for providing succour is most touching. We have also had lots of stories around our Medical Intervention scheme wherein we help families who have children with congenital conditions especially those of them with holes in their heart. We helped them with the necessary treatment here and in India. We are always very thrilled to see them when they return hale and hearty laughing and running around like normal children. There is a particular child from the Heart of Gold Hospice who had a Fistula and as a result she could not pass out faeces like normal children and she had to be in diapers even at nine years old.

    A surgery was done and a pathway was created for her to pass out faeces like every other child like herself. This is very moving and touching. I can be here all day talking about success stories. There is the story of the MTNF MUSON Scholars who have been undergoing music training at MUSON School of Music through our scholarship programme. Nearly 200 students have graduated with diplomas from this institution in six years. To see these students graduate from this institution and go on to further their studies in schools here in Nigeria and abroad is very satisfactory. Three students from the first set became the first African students to graduate with honours from the University of Dayton, Ohio. Some have become professional performers singing in concerts with the likes of London Philharmonic Orchestra, some have also become music teachers teaching music in primary and secondary schools. It gives us great pleasure to know that the graduates from this institution are successfully engaged. There are so many success stories to talk about should we talk about people who have used our haemodialysis centres across the country and how their family members show their appreciation when we visit these centres for evaluation purposes.

    Or do you want us to talk about the scholarship which is worth two hundred thousand naira that we are giving to brilliant but indigent tertiary students which we have also extended to the blind students? So there are so many success stories to share.  Since its inception, the Foundation had spent N10.2 billion in carrying out its CSR obligations and we have over 300 project sites in the 36 states and FCT. So with that kind of reach you would have lots and lots of success stories coupled with lots and lots of requests which also takes us back to the fact that we can’t do everything.

  • Video on how to invest in Africa launched

    T he Initiative for Global Development will be releasing a series of videos featuring experts and senior business executives to change perceptions about investing in Africa

    The Initiative for Global Development (IGD) launched yesterday a new series of videos featuring experts and senior executives from top African and American businesses and addressing misperceptions of investing in Africa.

    The video series covers important topics on the subject of investing in Africa such as, “Why misperceptions exist,” “Real risks vs. perceived risks,” “Dealing with corruption in Africa,” and “Leveraging African entrepreneurs and small and medium enterprises (SMEs).” To watch the trailer of the video series, visit: http://www.igdleaders.org/media-center/changing-perceptions/

    Africa presents a wealth of opportunities, boasting valuable resources and a growing population. However, as IGD promotes and encourages investments in Africa, it recognizes and must confront commonly-held misperceptions and assumptions regarding the investment environment in Africa. These misperceptions dissuade new companies’ market entry, resulting in stifled economic growth, stagnated community, and social development. IGD’s President and CEO, Dr. Mima Nedelcovych, channels his four decades of experience working in business across most of Africa’s 54 countries when he explains, “IGD understands that to drive poverty reduction through business investment, it is critical that we directly address and help to overcome these misperceptions, focusing instead on Africa’s lesser-known success stories as a continent with considerable economic and human potential.” The campaign to change perceptions is especially timely, as Washington D.C prepares to welcome African Leaders to the U.S-Africa Leaders Summit this August 5 and 6.

    The videos series features top CEO and senior executives and experts like Thad Simons, Former President & CEO of Novus International Inc. and current President of IFAMA, and Austin Okere, CEO of Computer Warehouse Group Plc, an African ICT company with the potential to become the next Google. The videos highlight perspectives of various voices from African businesses, investors, the public sector, capital advisors, and media representatives. “The concerns of corruption are usually overblown. Investors can actually find local partners to engage in productive business,” said Mel Okudo, an investor advisor focusing on Africa, in his interview for the videos. He continued, “Investors who are seeking high uncorrelated returns are well advised to look at investments in Africa to find those that best fit their portfolio.”

    Starting July 15 and working with partners Devex and Business Fights Poverty; companies including Accenture Nigeria, Cartica Capital, Computer Warehouse Group, Pricewaterhouse Coopers Nigeria, Media Insight; and such organizations as the Nigeria Leadership Initiative, International Republican Institute, and The Moroccan American Trade and Investment Center, IGD will release the videos on its website and YouTube channel on a weekly basis. Throughout the campaign, the videos will be shared widely across various social media channels. The public is encouraged to join the conversation online using the hashtag #AfricaEmerging. Additionally, the entire video series will be featured at the 2014 New York Frontier 100 Forum in October, which attracts top Africa’s investors and IGD Frontier Leaders who are CEOs and senior executives of sector-leading companies. The theme of this year Forum is “Africa – Innovative Investing in Emerging Markets.”

  • ‘Why we invest in ICT’

    The Rector, Abia State Polytechnic, Aba Sir Allwell Onukaogu has stated that the reason why the management of the institution is investing in the teaching and learning of Information and Communication Technology (ICT) in the institution is to produce human capacities that will be relevant to the economy of the state and the country.

    Onukaogu, speaking at the 7th Nigerian Association of Computer Science Students (NACOSS) South East Zonal Conference held in the polytechnic, thanked Abia State government and the Federal Government for providing them with computer and other educational facilities through TETFUND, PTDF and the National Communication Agency, Abuja which he said, has made the institution one of the schools with the best computer facilities in the country.

    According to him, “There are reasons why my administration has invested in computer studies. It is our duty as educators to produce human capacities that will be relevant to the economy. Nobody can excel in today’s world in any field of human endeavour if the person doesn’t possess a reasonable level of computer proficiency and anybody who distances himself from acquiring knowledge beyond the ordinary level in computer application may be in this world but would not be of this world. Such a person would be no more in the community of his birth.”

    Mr. Godfrey Chukwuemeka, Head of Department, Computer Science in the institution in his address, described the theme for the conference “Developing Internationally Acceptable Software (DEVINTAS) -Youths’ Role in ICT Towards Government and Cyber Security” as a square peg in a square hole.

    Chukwuemeka, describing cyber security as one of the great challenges facing the present world, observed that a high percentage of youths are now involved in various internet scams because of their desire to make quicker money through fraudulent means and as such putting the entire society at great risk.

    He was optimistic that only internationally acceptable software would end the activities of fraudsters who he said “keep sleepless nights working on diversified ideas and hacking systems to achieve their criminal objectives.”

    Contributing, the Dean School of Science and Industrial Technology in the polytechnic, Engr. David Dimoji, stated that developing a software that was going to be generally accepted across the globe calls for more commitment, hard work, skill and desire for excellence on the part of the students, adding “if we get the theme of this conference right, our youths will no longer roam around the streets in search of what to do both here and outside the country in order to survive.

    “The future of Nigeria belongs to the youth who are leaders of tomorrow. The youth have tremendous roles to play towards the national development of international acceptable software. The experience of India shows that if we invest rightly and adequately on IT skills, job will be created, and the economy will pick up. These will only happen if the young people and government show serious commitment to the development of the ICT infrastructure.

    He advised that  higher institutions and research centres should be motivated through annual grant, encouragement of the study of VB, C++ Java, Cobra Oracle and other new generation rapid application development tools.

    He further said: “The federal and state Ministry of Youths must be proactive in its responsibility. The menace of cyber crime and other crimes will reduce drastically when  youths are gainfully employed. The increase in crime can be traced to youth unemployment and frustration. When the youth are empowered and engaged with skills, the rate of poverty and crime in our nation would be greatly reduced.”

    In an address, Comrade Anene John Okwudiri, the South East Zonal Coordinator, NACOSS believed that developing software generally acceptable would help in no small measure to resolve economic, agricultural, social, voting and security challenges that has bedeviled the country.

    According to the coordinator, “Over the past 12 months, since the baton of leadership was passed to us  , we have remained resolute to rebrand, reshape and repackage NACOSS South East in order to maintain the record of the best geopolitical zone at the national level with creativity and one voice, adding “DEVINTAS was reformed from three days convention to one week conference to enable us have a standard practical hands on training sessions with practicing IT (Information Technology) entrepreneurs on Mobile Development, Desktop Application Development, Networking/Hardware Web Development and also a better room for investors, NGO’s etc to connect with us. We sincerely assure all NACOSSITE present that after this conference, you will nurture provoking ideas to develop international acceptable software towards the enhancement of government and cyber security in our nation,” he assured