An interview with Seyi Tinubu, CEO & Founder of Loatsad Promomedia; Founder of Noella Foundation, on his role on mentoring young millennials in the tech sector and other inspiring empowerment programs to ensure greater economic growth.
RECENTLY, YOU HAVE EXECUTED SOME GREAT INITIATIVES TO EMPOWER CERTAIN SECTORS OF THE ECONOMY; WHAT MOTIVATES THESE PROGRAMS?
ANS: I think we are in an era like no other where individuals with innovative ideas need to be empowered so they can add value to society. Also, I feel individuals who demonstrate winning spirit despite the challenges they go through should also be empowered; and so giving back to the community through various programs and initiatives would help us achieve greater economic growth, which eventually leads to achieving the Millenium Development Goals (MDGs)
PLEASE TELL US ABOUT SOME OF THESE INITIATIVES
ANS: OK, my wife and I came up with the Noella Foundation, birthed from the idea of giving back to humanity. We thought about what we could do to empower people, children and adults alike. So the Foundation is the umbrella body of these initiatives. The maiden initiative of the foundation is the STEP initiative where my passion lies, developing the tech space so we can develop and play on a global scale through technology. So, the STEP initiative was to fuel innovative tech startups with mentorship and seed funding of 5 million Naira, so these young businesses can grow with the knowledge and capital provided them. We also go further to ensure that we keep tabs with these startups to ensure that the required growth and expansion is achieved. We have other initiatives like scholarship schemes, empowering disabled, welfare schemes, equipping schools with facilities etc These initiatives are carried out by the foundation and supported by Loatsad Promomedia.
DO YOU HAVE ANY KIND OF PARTNERSHIP TO ENSURE THE INITIATIVES ARE ACHIEVED?
ANS: Oh yes, for the STEP initiative, I bring together some of the top players in various sectors to help coach and mentor the young millennial entrepreneurs, guiding them on how to grow their business, making the right business decisions, co-partnering with other businesses and other best practices they require to build, nurture and expand their businesses. For other forms of empowerment which Noella Foundation embark on, Loatsad Promomedia stands as a sponsor and partner to these initiatives, because the Noella Foundation is solely a non-profit organization.
WHAT SPECIFIC GOALS WOULD YOU SAY THE FOUNDATION HAS ACHIEVED
ANS: Through the STEP initiative, we have impacted tremendously in the tech sector by disbursing a seed fund of 5 million Naira to the winner to grow and expand their operations. In addition, we monitor the tech startup closely to ensure that growth is achieved after providing the winner with money and mentorship. We are not just interested in giving these startups money but we want to achieve a significant growth and expansion through our impact and initiative. In addition, one of our goals is to ensure that we see 10 students through university, 20 pupils through secondary school with the disbursement of scholarships. We also want to ensure that certain schools in certain communities within Lagos State get materials to better equip their pupils and increase their education standards. Recently, we donated six inverter batteries to Pacelli School of the Blind in Surulere, Lagos, while Eagle Wings School at Ilaje, Bariga got classroom chairs and tables and renovation of a flooded area within the school. Consequently, our goal is in giving back in key areas that would help achieve Millennium Development Goals (MDGs).
HOW HAVE YOU MANAGED TO CARVE A NICHE FOR YOURSELF IN ADVERTISING, BEING A YOUNG LEADER AND MENTORING YOUNG MINDS?
ANS: It has taken a great deal of hard work, commitment to adding value and dedication to achieving our goals. Most importantly, it has been about having the right team who buy into your vision of empowerment and innovation. We are a young workforce, driven, and with a great deal of passion. Everyone at the company is involved in decision making and finding locations. We sit as a group and try to find out what is missing in the country or where we could have a presence. We are persistent and tenacious and we believe we offer real value. Our aim is to let brands thrive in the best possible way and we see our services as a unique medium to facilitate that process. For mentoring young minds, I would say at some point in your hustle, you have to share your journey with people to inspire them and let them know that they can achieve success as well. So I have to let young people see the brighter future by teaching them the tricks, not forgetting that the process requires a lot of effort from them as well.
WHAT ARE YOUR EXPECTATIONS FOR 2019
ANS: We want to empower more people. Several initiatives that would be executed to create opportunities for people to excel. We envision a new year of growth and greater empowerment. For Loatsad, 2019 will be a better year than the last four, we expect to create more iconic sites and to expand on our digital offerings as well. We hope to give more brands better locations for advertising opportunities; also, to have more strategic partnerships. We want to light Lagos up. In all, we are optimistic we will conquer new grounds in business and empower more people for greater economic growth.
James Hope College Acquires American International School Lagos Property, Offers Full Scholarship To 40% Of Students
The James Hope College (JHC) has announced the acquisition of the American International School Lagos (AISL) Lekki Campus facility to establish James Hope College in Lagos. This was disclosed at the signing ceremony held yesterday at the Civic Centre, Victoria Island, Lagos.
The event had the Governor of Lagos State, His Excellency Babajide Sanwo-Olu, the United States Ambassador ably represented by Carol Cox, the Chairman of AISL Board, Ali Safieddine and other prominent persons in attendance.
While giving his speech at the event, the Founder/Chairman of James Hope College, Mr. Jim Ovia stated that the College would continue to offer full scholarship based on merit, to 40% of all the students that would be admitted into the school.
James Hope College, a co-educational initiative of the Jim Ovia Foundation, offers a combination of British and Nigerian curricula. James Hope College is a Cambridge Associate School, a member of the Council of British International Schools (COBIS) and Association of British Schools Overseas (AoBSO). JHC is in partnership with Microsoft Imagine Academy and GL Education. JHC is accredited by Cambridge Assessment International Education (CAIE), Pearson Edexcel Examinations, and British Schools Overseas (BSO).
With the acquisition of this property, James Hope College is set to replicate in Lagos the outstanding academic performance it is known for. More importantly, the offer of full scholarship to 40% of the students on merit ensures that the school’s equal opportunity model of academic excellence is extended to all students regardless of their state of origin.
James Hope College Lagos will open its doors to students in September 2020.
M.D School Embarks On 2019 Community Project
M.D Nursery and Primary School has announced the programmes for the 2019 edition of its yearly community project.
This year, the school, located in Agidingbi and New Oko Oba areas of Lagos State, will be providing medical support, legal advice, and other professional support to members of the two communities.
Scheduled for October 19, the theme for this year is: “Home, Emotions, Aspirations and the Child.”
It will hold between 10 am and 2 pm.
The Proprietress of the school, Omolara Adedugbe, described it as M.D Nursery and Primary School’s way of giving back to society.
Adedugbe said: “We won’t stop giving back to society.
“This is just one of the ways in which we show our gratitude to the communities in which we operate.
“We also do yearly visits to public primary schools around us, where we do a project for the benefit of the pupils and also visit the less privileged in homes close to us.”
STOP PRESS! Before We Crucify VP Osinbajo
Hysteria is in the DNA of many Nigerians, especially those who are, for parochial or partisan reasons, decidedly and desperately against the administration of President Muhammadu Buhari.
Since the president announced the dissolution of the Economic Management Team headed by Vice President Yemi Osinbajo, SAN, and replaced it with an Economic Advisory Council, there has been mass hysteria in the traditional and new media.
This is apparent in the deluge of dilettante opinion articles, editorials, blog posts, blurbs, and tweets all alluding to the fact that the VP has been politically emasculated by a phantom ‘cabal’ in the presidency because of his growing popularity and influence and the need to whittle them down before 2023.
Some even said he has been marked for impeachment on trumped-up charges that could only have been products of a puerile imagination.
What the President simply did was to change the economic direction of his Next Level agenda; not ‘reduce’, as some also implied, the statutory functions of his beloved VP.
As the chairman of the constitutionally created the National Economic Council, the VP will continue to play a pivotal role in all economic matters in singular support and assistance of his Principal, Mr. President.
For emphasis, the NEC meeting, held monthly, deliberates on the coordination of the economic planning efforts and economic programmes of the various levels of government.
The council comprises the 36 state governors, Governor of the Central Bank of Nigeria, Minister of Finance, Secretary to the Government of the Federation and other government officials and agencies whose duties hinge on the economy.
Last Thursday, the VP still chaired the NEC at the Presidential Villa.
Osinbajo told attendees at the NEC meeting that both councils (NEC and EAC) are for the benefit of the president; and, “If NEC wants to be briefed regularly by the Economic Advisory Council, EAC, we will request the president to do that.” So, nothing has changed, except for the new song by dissidents.
What further sent the rumour mill into overdrive was an alleged directive that the Vice-President should, henceforth, seek presidential approvals for agencies under his supervision.
VP Osinbajo is the chairman of the governing boards of the National Emergency Management Agency (NEMA), the National Boundary Commission (NBC) and the Border Communities Development Agency (BCDA).
He is also the chairman of the board of directors of the Niger Delta Power Holding Company (NDPHC), a limited liability company owned by the three tiers of government; and the National Economic Council (NEC), a constitutional body made up of state governors and key federal government officials, as well as the National Council on Privatisation (NCP).
Under the laws setting up the agencies, the president is empowered to give final approvals but those who chose to ignore this constitutional provision went to town, gloating and ululating, that the VP has eventually been cut to size.
A careful introspection is critical here. Apart from the fact that he is a Senior Advocate of Nigeria, the Vice President, as the whole world knows, is a Professor of Law. So, if anybody should know what the constitution stipulates as the roles and powers of a VP, it is Osinbajo.
So, why would he want to overreach himself knowing what the constitution states? At what point does doing the right thing require a directive? Some things just don’t add up in the name of playing politics.
Late 2018, the House of Representatives Committee on Emergency and Disaster Preparedness invited the VP to explain his role in the N5.8 billion North East Intervention Fund which the lawmakers said was mismanaged by the National Emergency Management Agency (NEMA).
The NEMA is one of the agencies under the VP. The committee said the authorisation for the release of the fund for emergency food intervention in the North East contravened Section 80(4) of the 1999 Constitution as amended. And that the funds were credited directly to the individual banks of the companies and NEMA’s bank account, in violation of the approval limit allowed by law.
Nowhere in the report was the VP alleged to have benefitted from the fund. Good enough, the Presidency issued a public statement to say that the money Osinbajo, in his capacity as the Acting President, approved for release in the dire emergency was sourced from the Rice Levy which had already been appropriated in that year’s budget. And that explanation settled the matter.
However, in the desperation of the strident opposition, the allegation, which had since been dispelled by the House Committee, is now being unearthed as if it were new, in a mere political contrivance intended to distract the President Buhari-led administration.
Every discerning mind should be above this outright fake news and sheer inanity. Just as they should about rumours that some unspecified amount of money was found in some private accounts related to the VP’s family or that some Federal Inland Revenue Services, FIRS, funds were traced to his office. The purveyors of this particular rumour even said that the National Leader of the All Progressives’ Congress, APC, Asiwaju Bola Ahmed Tinubu and a former National Chairman of the party, Chief BisiAkande, had been duly informed. Another such report maintained that Asiwaju himself is behind the attempt to smear the VP.
These are mere fabrications intended to drive a wedge between the VP and those he holds in very high esteem. Thankfully, the president and the party leaders are above such frivolous distractions.
Indeed, at no time since Nigeria’s democratic experience began that the President and his VP have enjoyed the kind of cordial relationship and mutual respect that exists between President Buhari and VP Osinbajo.
The president believes so much in the competence, character, and capacity of his VP that he allows him to handle some of the populist programmes of the administration. And, this has not been without politically-motivated hiccups.
The VP is the ‘face’ of TraderMoni, the empowerment scheme of the Federal Government created specifically for petty traders and artisans across Nigeria. The launch of the scheme saw the VP crisscrossing the country, enlightening the people about it and generally pressing the flesh to the delight of Nigerians. Yet, those who do not know the workings of the scheme have gone to town, falsely accusing the VP of mismanaging the Tradermoni Funds.
Instructively, the Bank of Industry is in charge of the Tradermoni; the funds never get into the hands of the VP or his aides; the money is sent to the people via their phones. The VP has just been monitoring to make sure people received what they were promised and the program was working. So any imputation of embezzlement is nothing but a frantic attempt to soil a hard-earned reputation of loyalty, integrity, and capability which the VP has built in the last four years, and which has helped to steady the incumbent administration in no small measure.
Conclusively, the news and noise of a rift or whittling down of the VP’s powers is akin to a storm in a teacup; both the president and the Vice President are still working in tandem to ensure that Nigerians are genuinely taken to the Next Level in their own time.
Abdullai Rimi, is an Abuja-based media practitioner and businessman