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Corporate Citizenship

Children’s Day: Moniepoint celebrates children, promotes financial literacy

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Children’s Day Celebration Event (Image: Supplied).

In recognition of the transformative power of education and children as the lynchpin of a nation’s future, Africa’s fastest growing financial institution according to the Financial Times, Moniepoint Inc has provided opportunity for kids in low-income and underserved communities in Lagos to receive life-changing financial literacy in a fun, and relaxed environment to commemorate this year’s Children’s Day celebration. 

At an august celebration which was held at the Let It Shine Academy, LISA in Lagos, students were provided with school bags, books, educational tablets and learning accessories to power academic aspirations, as volunteers from Moniepoint took them through interactive and engaging sessions around budgeting, savings and spending,earning money, investing, personal financial management so as to instill a positive culture of financial literacy. 

Children’s Day prioritizes children’s rights and participation in the wider world and financial literacy is a very important life skill considering that financial decisions cut across every aspect of their lives, and a solid foundation in this regard can transform them and the nation at large. 

Speaking to Moniepoint’s observance of Children’s Day, Aderayo Adesokan, Manager, Brand and Communications, Moniepoint Inc said, “We are here at LISA to celebrate Children’s Day with the kids. For us at Moniepoint, we are firm believers in powering the dreams of not just businesses or individuals but those associated with them, especially a vulnerable segment like the children. We believe that we can serve as a catalyst to their dreams while helping them understand that as a brand we exist to ensure a society where everyone experiences financial happiness and we’ll be there for them. 

We are excited that this platform has afforded us the opportunity to introduce these kids to critical life changing skills around financial inclusion and literacy, and help them better under the concept of money. It is our expectation that armed with the information and skills that they have received, they in turn are well positioned and better able to educate their friends and family such that Nigeria’s socio-economic development is safe guarded even as all stakeholders continue to work towards entrenching UN’s Sustainable Development Goals.”   

According to Damilola Feyide, Founder & Executive Director of LISA“At LISA, we’re not just teaching; we’re elevating communities through digital empowerment, creative learning, and skill development. We believe in equipping the youth for a rapidly evolving future where they can thrive and lead. I am grateful to Moniepoint for supporting our vision and bringing the dreams of a lot of the kids to pass. They have demonstrated in very clear tones by their actions that it is possible to end neglect and marginalization & provide equal opportunity for children to fully develop especially in underserved communities.” 

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Moniepoint provides over 3 million people and businesses across Nigeria with access to banking, payments processing, loans and business management tools that they need with a view to helping them thrive and contribute to economic growth while driving financial inclusion across the country. LISA is empowering Nigeria’s future by providing free & quality secondary education for children from low-income households and marginalized kids.

Watch a recap of the event  – https://bit.ly/LISAChildrensDay

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Corporate Citizenship

LG Electronics Donates Solar-Powered Borehole to Abule-Osun Community

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LG Electronics, a renowned global leader in technology and innovation, has made a generous contribution by providing a solar-powered borehole to the Abule Osun community in Lagos, Nigeria. This marks the second similar project in Nigeria, demonstrating the company’s commitment to addressing the pressing issue of access to clean drinking water in local areas. The solar water pumping system reaches a depth of 120m and has a pumping capacity of around 40m3 per day, equipped with advanced treatment technology to guarantee safe drinking water. Moreover, a 3000-liter tank ensures a continuous 24-hour water supply for the residents of Abule Osun, significantly improving their daily lives.

The solar-powered borehole is a vital initiative aimed at delivering clean and safe drinking water to the community, in line with LG Electronics’ unwavering dedication to environmental sustainability and social responsibility. By harnessing solar energy, this borehole not only ensures access to quality water but also plays a crucial role in mitigating the spread of waterborne diseases, thereby fostering better health and well-being within the community. LG Electronics’ commitment to this project signifies a significant step towards creating a healthier and more sustainable future for all those involved.

“We are proud to contribute to the development of the Abule Osun community,” said Mr. Hyoung Sub Ji, Managing Director of LG Electronics. “Access to clean water is a fundamental human right, and we are committed to doing our part to ensure that communities like Abule Osun have access to this basic necessity.” We have already given a community in Abuja a solar-powered borehole, and here today we are doing likewise. I am assuring Nigerians that before the end of this year, we will give as many as possible to several communities both in Lagos and other states of the federation.

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We express our gratitude for the chance, appreciating the backing from our distributor Fouani Nigeria Limited, along with the Youth and Community Leaders, in aiding this community’s welfare. It is our aspiration that this borehole will not only bring happiness but also enhance health and stimulate economic development for future generations, as conveyed by the spokesperson.

According to Mr. Mohammed Fouani (Jnr), Fouani Nigeria Limited Factory Manager, “the donation of the solar-powered borehole is a key component of LG Electronics’ ongoing endeavors to support sustainable development and enhance the well-being of individuals in Nigeria. The company’s admirable commitment to giving back to the communities it serves is evident in this gesture, showcasing LG Electronics’ long-standing dedication to corporate social responsibility. This donation underscores the company’s focus on making a positive impact on both the environment and society, by providing clean, dependable water access through solar-powered technology and thereby enhancing the quality of life for Nigerians.”

“The donation made by the company showcases its enduring commitment to enhancing the communities it serves. This gesture highlights its steadfast dedication to promoting positive change for the environment and society. Through this act of giving back, the company reaffirms its significant impact and influence on the world”. He added.

At the ceremony, Mr. Hyoung Ji Sub, Managing Director of LG Electronics Nigeria, officially commissioned the borehole alongside Mr. Mohammed S. Fouani, Manager of Fouani Factory, Mr. Hari Elluru, Head of Corporate Marketing at LG Electronics, and Prince Kasali Abiodun, Chairman of the Road Transport Employees Association of Nigeria and Youth Leader of Abule Osun. The community leaders, landlords, and association members were delighted by this act, knowing it would greatly enhance residents’ access to clean water.

In his remark, Prince Kasali Abiodun, Chairman of the Road Transport Employers Association of Nigeria RTEAN Abule Osun expressed his appreciation, saying, “I am delighted that we have come together today to commemorate health and vitality. Our community owes a debt of gratitude to LG Electronics for their invaluable support.” He added, “The provision of clean water is pivotal to enhancing our everyday existence and securing the well-being of our loved ones.” This acknowledgment underscores the essential role played by accessible clean water in promoting healthier lives and nurturing stronger communities.

More than 70 individuals gathered at the event, with a notable presence of distinguished guests such as officials from the Road Transport Employees Association of Nigeria, members of the Landlord Association of Abule Osun, and esteemed Community Leaders. The diversity of attendees represented different sectors and perspectives, contributing to the richness and depth of discussions held during the event. It was a gathering that showcased collaboration and cooperation among various stakeholders, emphasizing the importance of unity in addressing common challenges and advancing shared goals within the community.

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NGOs - SDGs

Climate Launchpad: Beyond competition, a catalyst for change

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Climate Launchpad Competition 2023 Image.

Despite the success of The Climate Launchpad Competition 2023, Climate Launchpad through the support of Climate-KIC and Irish Aid provided additional support to the participants of the competition through the Post-Climate Launchpad Accelerator. Given that the majority of the participants are early-stage businesses, capacity building is a necessity. The post-competition support is divided into 2, The masterclasses that are being handled by the Climate Launchpad Global team which has participants from over 7 African countries, and The national capacity-building session handled by the Climate LaunchPad Nigeria Team. 

The Masterclass session featured a business-changing session on important modules like funding options & Instruments, Gender and Climate, Communications and Storytelling, Climate Impact etc.  The national capacity-building session focuses on marketing strategies, practical and optimal use of social media and analytics. As an early-stage business in Nigeria, one of the major challenges you face is reaching and communicating with your potential customers at the market entry stage. The modules were selected after feedback from alumni of the competition. 

The modules have been proven to be useful as we have started seeing the tractions of the businesses on social media. Overall, the post-competition support program has been no short of helpful to the businesses. We had 5 active participants from Nigeria who have expressed their gratitude for the post-competition support. Each of them will be given a grant of EUR200 to facilitate their marketing and social media usage.

The National Lead for Climate Launchpad Nigeria, Oluwatosin Ajide affirms the importance of the accelerator program “If we have more competition dedicating their support beyond just the pitching like Climate Launchpad does, We would have more green businesses with solid foundations”. He also thanked the Climate Launchpad central team and the sponsors the Climate-KIC and Irish Aid for their constant support in building the green ecosystem in Nigeria.

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NGOs - SDGs

GEANCO Foundation and Archewell Foundation Announce Mental Health Initiative for Nigerian Youth

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The GEANCO Foundation and The Archewell Foundation has announced an expansion of their partnership, currently serving girls and young women across Nigeria with menstrual health products and education, to include mental health resources and training for young men and women. 

This expanded partnership kicked off with its inaugural Mental Health Summit, taking place over two days and serving nearly 200 students in Abuja, Nigeria’s capital. Prince Harry and Meghan, The Duke and Duchess of Sussex and co-Founders of The Archewell Foundation opened the Summit by delivering inspiring remarks to the young people in attendance.

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GEANCO intends to hold summits throughout the country over the next year, providing teenage girls and boys with the information, skills, and coping mechanisms necessary to flourish mentally.

“Youth in Nigeria are critically underserved in terms of mental and menstrual health”, said GEANCO’s CEO Afam Onyema.  “I am deeply grateful to The Duke and Duchess for partnering with us to address this crisis and provide this vulnerable but inspiring young generation with what they need to thrive in body, mind and spirit.”  

A strong stigma also surrounds mental health in Nigeria, which is critically neglected in the country. The World Health Organization estimates that only 3% of the federal government’s health budget goes to mental health, and while up to one-third of Nigerians have mental health challenges, fewer than 500 mental health professionals serve the country’s 200 million plus citizens.  Nigeria’s teens and youth in particular have little to no access to mental health support.

The expanded partnership will also continue the ongoing work to support young girls with menstrual health products and education. An estimated 37 million women and girls in Nigeria experience “period poverty”, meaning they are unable to access or afford menstrual products like pads, tampons, and underwear. Because of the material difficulties caused by period poverty and the deep stigma surrounding menstruation, millions of girls in the country miss school every month, crippling their educational advancement and deepening Nigeria’s already vast levels of gender inequality.

GEANCO Foundation provides critical health care and education services in Nigeria. Its David Oyelowo Leadership Scholarship provides full tuition, medical care, and social and emotional support to young female victims of terrorism and gender inequality in Nigeria.

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