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Innovation

Nigerian students ranked top in New Zealand, compete for $10,000
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Nigerian students ranked top in New Zealand, compete for $10,000

by Sopuru Sopuru
written by Sopuru Sopuru 1 minutes read

Two Nigerian students, Angela Odiete and Oludolapo Olanrewaju, have been recognized among the top 30 students in the Architecture, Engineering, and Construction Management sector in New Zealand. Their outstanding performance also earned them a spot among the top 10 students in construction management in the country.

As a reward for their achievements, Odiete and Olanrewaju have been granted an all-expenses-paid trip to Christchurch, New Zealand. There, they will participate in a three-day client brief challenge, aiming to devise innovative solutions to pressing industry issues. The competition promises a grand prize of $10,000 for the winning team.

The event, organized by Brandz, was announced on LinkedIn, highlighting the selection of 30 top students for the 2024 edition of ArchEngBuild. “The students will compete in teams to solve a real-world building and construction challenge – with a winning prize of $10,000,” Brandz stated.

Participants from nine tertiary institutions across Aotearoa have converged in Ōtautahi Christchurch for this intense competition. The students, representing the University of Canterbury, Unitec, The University of Auckland, Otago Polytechnic | Te Pūkenga, Auckland University of Technology, Ara Institute of Canterbury, Victoria University of Wellington, WelTec, and the Western Institute of Technology at Taranaki, began their journey with insights from industry experts and a tour of the Tūranga Central Library.

Currently, these aspiring professionals are working diligently in teams of three to tackle a real-world building and construction challenge, showcasing their skills and creativity in hopes of winning the prestigious prize.

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PalmPay Resumes Customer Onboarding After CBN Lifts Ban
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PalmPay Resumes Customer Onboarding After CBN Lifts Ban

by Sopuru Sopuru
written by Sopuru Sopuru 1 minutes read

PalmPay, a leading financial technology platform, has announced the resumption of customer onboarding following the lifting of the ban imposed by the Central Bank of Nigeria (CBN).

Chika Nwosu, Managing Director of PalmPay, confirmed the news in Lagos, expressing delight at the opportunity to once again provide Nigerians with access to secure and reliable financial services.

The CBN had previously halted the onboarding of new customers for four fintech companies, including PalmPay, OPay, Kuda Bank, and Moniepoint. However, with the recent review by the CBN, PalmPay is now able to resume onboarding both individual and business users.

During the ban, some customers expressed concerns about the disruption in services and contemplated discontinuing their patronage with affected banks. Nonetheless, Nwosu reassured customers, emphasizing the resilience of the fintech industry and its commitment to providing enhanced services.

Moniepoint, OPay, and others’ account opening suspension sparks concerns

Nwosu highlighted ongoing engagements with regulatory authorities and stakeholders, including the Economic and Financial Crimes Commission (EFCC), National Security Agency (NSA), and CBN, aimed at improving the fintech ecosystem in Nigeria.

He emphasized that the measures undertaken by regulatory bodies were aimed at enhancing the overall fintech landscape and ensuring better services for the people.

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nwamaka igbo woman range rover
Featured PostsTrending Now

Nwamaka Leads Quality Assurance for New Range Rover Sport SV

by Ikem Emmanuel
written by Ikem Emmanuel 3 minutes read

In a remarkable announcement, Nwamaka, an Igbo woman, has been revealed as the head of the Quality Assurance team for the newly launched Range Rover Sport SV. Nwamaka, who is known by the username @rubylaren on X (formerly Twitter), shared the news by quoting a tweet about the car, saying: “Every single part used to assemble this car went through my desk and received my approval first.”

nwamaka igbo woman range rover2

Nwamaka: The Quality-Assured Brains Behind the Range Rover Sport SV

The Range Rover Sport SV, officially launched by Jaguar Land Rover on May 31, 2023, has been hailed as the fastest, most dynamic, and technologically advanced Range Rover Sport SUV ever produced. Initially available by invitation, only, this limited-edition model features a 626-horsepower twin-turbocharged V-8 engine with 553 pound-feet of torque, paired with an eight-speed automatic transmission. With a starting price of $181,775, it stands as a pinnacle of luxury and performance.

range rover sport sv

Range Rover Sport SV Edition One

Nwamaka’s tweet quickly gained traction, drawing a mixture of congratulations and skepticism from netizens. While many lauded her remarkable achievement, others were quick to doubt her claims, accusing her of fabricating the story. Despite the initial disbelief, Nwamaka provided proof of her employment with Jaguar Land Rover, sharing that her colleagues were celebrating her on the day her news broke on the internet.

In response to the skepticism, Nwamaka condemned the negative attitude of some Nigerians who, instead of celebrating success, seek to undermine it. She shared that someone even went as far as calling the company to verify her employment. This act, she pointed out, reflects a broader issue where achievements are often met with doubt rather than support.

Nwamaka’s story is not just about her success but also a powerful message about perseverance and excellence in the face of doubt. Her journey underscores the importance of recognizing and celebrating accomplishments, particularly those of women and minorities in high-tech industries.

Linda Ikeji Reveals She Is Still In Search Of Her Better Half After Buying Latest Range Rover

As the world continues to recognize and celebrate her contribution, Nwamaka’s story serves as an inspiration to many, showcasing that hard work and expertise can indeed lead to groundbreaking accomplishments.

And on a special note, we wish Nwamaka a very happy birthday! May her day be filled with joy and her year ahead be as remarkable as her achievements. Happy Birthday, Nwamaka!

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Benue State Takes a Sip: Building a Homegrown Brewery to Stem Capital Flight In a bid to address the significant outflow of funds caused by residents’ consumption of beer from other states, the Benue State Government is set to embark on a groundbreaking venture: the establishment of its own brewery. This ambitious project, spearheaded by the Benue Investment and Property Company (BIPC), aims not only to retain capital within the state but also to provide high-quality, locally-produced beer to its citizens. Dr. Raymond Asemakaha, the Managing Director of BIPC, recently unveiled plans for this pioneering initiative during a press briefing. He highlighted the alarming statistics that propelled this decision, revealing that Benue residents currently spend a staggering N850 million monthly on beer sourced from outside the state. Recognizing the economic implications of this trend, the government resolved to take action by creating a brewery that utilizes local raw materials and offers a premium alternative to imported brands. The brewery, scheduled to commence operations in December, promises to revolutionize the local beer industry. With an estimated production capacity of 180,000 bottles per day and a fermentation period of 15 days, it aims to meet the growing demand for beer while simultaneously driving down prices. However, Asemakaha emphasized that this endeavor is not about competition; rather, it's about empowering local communities and retaining financial resources within the state. One of the most compelling aspects of this project is its commitment to sustainability. By sourcing raw materials locally and fostering partnerships with farmers, the brewery seeks to create a self-sustaining ecosystem that benefits the entire region. Asemakaha outlined plans to distribute seedlings to farmers, enabling them to cultivate crops for brewery ingredients and thus stimulating agricultural productivity. As the countdown to December begins, anticipation is mounting among Benue residents. The prospect of enjoying a homegrown beer, crafted with care and passion, resonates deeply with many. Beyond its economic impact, this venture symbolizes a spirit of innovation and self-reliance that defines the essence of Benue State. In conclusion, the journey towards establishing Benue’s own brewery represents more than just a business endeavor; it's a testament to the state's resilience and determination to chart its own course. By seizing control of its beer market, Benue is not only reclaiming its financial independence but also celebrating its rich cultural heritage. With each sip of locally-brewed beer, residents will toast to a brighter, more prosperous future for their beloved state. "Title: Benue State Takes a Sip: Building a Homegrown Brewery to Stem Capital Flight In a bid to address the significant outflow of funds caused by residents’ consumption of beer from other states, the Benue State Government is set to embark on a groundbreaking venture: the establishment of its own brewery. This ambitious project, spearheaded by the Benue Investment and Property Company (BIPC), aims not only to retain capital within the state but also to provide high-quality, locally-produced beer to its citizens. Dr. Raymond Asemakaha, the Managing Director of BIPC, recently unv : Benue State Takes a Sip: Building a Homegrown Brewery to Stem Capital Flight
AgricultureFeatured PostsFoodindustry

Benue State Takes a Sip: Building a Homegrown Brewery to Stem Capital Flight

by Chidera Perpetual
written by Chidera Perpetual 2 minutes read

 

In a bid to address the significant outflow of funds caused by residents’ consumption of beer from other states, the Benue State Government is set to embark on the establishment of its own brewery. This ambitious project, spearheaded by the Benue Investment and Property Company (BIPC), aims not only to retain capital within the state but also to provide high-quality, locally-produced beer to its citizens.

Dr. Raymond Asemakaha, the Managing Director of BIPC, recently unveiled plans for this pioneering initiative during a press briefing. He highlighted the alarming statistics that propelled this decision, revealing that Benue residents currently spend a staggering N850 million monthly on beer sourced from outside the state. Recognizing the economic implications of this trend, the government resolved to take action by creating a brewery that utilizes local raw materials and offers a premium alternative to imported brands

.FIRE CONSUMES GUINNESS NIGERIA BREWERY IN ABIA

The brewery, scheduled to commence operations in December, promises to revolutionize the local beer industry. With an estimated production capacity of 180,000 bottles per day and a fermentation period of 15 days, it aims to meet the growing demand for beer while simultaneously driving down prices. However, Asemakaha emphasized that this endeavor is not about competition; rather, it’s about empowering local communities and retaining financial resources within the state.

One of the most compelling aspects of this project is its commitment to sustainability. By sourcing raw materials locally and fostering partnerships with farmers, the brewery seeks to create a self-sustaining ecosystem that benefits the entire region. Asemakaha outlined plans to distribute seedlings to farmers, enabling them to cultivate crops for brewery ingredients and thus stimulating agricultural productivity. Beyond its economic impact, this venture symbolizes a spirit of innovation and self-reliance that defines the essence of Benue State.

In conclusion, the journey towards establishing Benue’s own brewery represents more than just a business endeavor; it’s a testament to the state’s resilience and determination to chart its own course. By seizing control of its beer market, Benue is not only reclaiming its financial independence but also celebrating its rich cultural heritage. With each sip of locally-brewed beer, residents will toast to a brighter, more prosperous future for their beloved state.

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Moniepoint, OPay, and others' account opening suspension sparks concerns
Featured PostsNews

Moniepoint, OPay, and others’ account opening suspension sparks concerns

by Sopuru Sopuru
written by Sopuru Sopuru 2 minutes read

Leading fintech players including Kuda Bank, Moniepoint, OPay, and Palmpay have pressed pause on new account registrations for customers. This decision, reportedly stemming from a directive issued by the Central Bank of Nigeria, has sparked a flurry of speculation and concern among industry observers and users alike.

According to insider sources within one of the affected banks, the move appears to be a response to the Economic and Financial Crimes Commission (EFCC) cracking down on 1,146 bank accounts involved in unauthorized forex transactions. This crackdown, coupled with mounting concerns over cryptocurrency traders exploiting fintech platforms to manipulate the foreign exchange market, has intensified regulatory scrutiny on the sector.

attempt to create new accounts through the impacted fintech apps hit a roadblock, with users encountering difficulties and receiving notifications indicating signup unavailability. Moniepoint took a proactive stance, officially announcing the suspension of new sign-ups through a platform-wide message. Similarly, Palmpay users faced similar hurdles, with the app displaying a message indicating signup unavailability.

Protest Erupts as OPAY Account Users Face Unauthorized Transactions

While the suspension of new account openings has caused jitters among users, there have been no reports of disruptions in other banking services offered by these platforms. However, the lack of official statements from regulatory authorities has left many questions unanswered regarding the motive behind the directive and its potential implications for the fintech ecosystem in Nigeria.

The situation also underscores the ongoing debate surrounding the regulatory oversight of fintech companies compared to traditional commercial banks. Critics argue that commercial banks may enjoy a closer regulatory relationship, potentially influencing regulatory actions against their fintech counterparts.

As stakeholders await clarity from regulatory authorities, the temporary halt on new account openings serves as a reminder of the delicate balance between innovation and regulation in Nigeria’s rapidly evolving financial landscape. Stay tuned for further updates as this story unfolds.

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University of Ilorin Disciplines 19 Students for Infractions
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University of Ilorin Disciplines 19 Students for Infractions

by Sopuru Sopuru
written by Sopuru Sopuru 2 minutes read

The University of Ilorin, situated in Kwara State, has recently enforced disciplinary measures against 19 students, including six final-year students, for their involvement in a range of infractions. This decision, sanctioned by Vice Chancellor Prof. Wahab Egbewole (SAN), comes following recommendations from the Students’ Disciplinary Committee during its 220th/221st meeting.

Director of Corporate Affairs, Kunle Akogun, relayed this development in a press release issued in Ilorin on Monday. The infractions leading to expulsion or rustication varied from misconduct, theft, examination malpractice, and hostel bed-space racketeering to assault and admission racketeering.

Prof. Egbewole also extended appreciation towards the university’s unions for their support during the recent warning strike declared by NASU. He highlighted the smooth conduct of ongoing semester examinations, emphasizing the unions’ responsible approach.

The penalties meted out to the erring students include rustication for either one semester or one academic session, as well as expulsion. These students, representing various academic disciplines such as Arts, Education, Life Sciences, Physical Sciences, Engineering & Technology, Basic Medical Science, and Performing Arts, span different academic levels.

UNILORIN Will Not Halt Academic Activities Due To Elections -VC

Furthermore, Prof. Wahab Egbewole SAN clarified that the recent 7-day nationwide warning strike declared by NASU/SSANU did not disrupt the ongoing semester examination process at the University of Ilorin. He expressed gratitude towards the unions and the university staff for ensuring a seamless examination process.

Reiterating the commitment to foster an enabling environment for the university’s ‘Smart Agenda,’ the Vice-Chancellor emphasized the importance of sustainable development, adaptive capacity, and team building. He highlighted infrastructural enhancements and workforce augmentation as part of the university’s progress.

Prof. Egbewole underscored the university’s ambition to become a global player by adopting innovative strategies and ensuring self-sustainability. He emphasized the need for unconventional thinking to propel the university into the global arena.

In conclusion, the University of Ilorin’s disciplinary actions underscore its commitment to upholding academic integrity and fostering a conducive learning environment. Additionally, the institution’s strategic initiatives aim to position it as a leading player on the global stage, reflecting its dedication to excellence and innovation in education.

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Davido Declares Global Dominance in Afrobeats
EntertainmentFeatured Posts

Davido Declares Global Dominance in Afrobeats

by Ikem Emmanuel
written by Ikem Emmanuel 2 minutes read

**In a recent conversation with Billboard, Davido, the acclaimed Nigerian artist, confidently asserted his leadership in the Afrobeats genre, not just in the United States but globally.**

During the interview with Nadine Graham, Davido, also known as David Adeleke, interrupted Graham when she referred to him as the leader of Afrobeats in the United States, correcting her by claiming leadership “everywhere.” This bold declaration reflects Davido’s ambition to transcend geographical boundaries and establish himself as a force to be reckoned with in the music industry worldwide.

The CEO of DMW Records emphasized his commitment to delivering “just good music,” underscoring the universal appeal of his artistry by noting, “It’s crazy, because people in jail have heard my music.”

Such widespread recognition speaks volumes about Davido’s global impact and the reach of Afrobeats as a genre. His music transcends barriers, resonating with audiences from diverse backgrounds and even reaching unexpected places.

**Davido also revealed insights into his current projects, disclosing that he is diligently working on two albums—one tailored for African listeners and the other for the American audience.**

Afrobeats Is Nothing, Lacks Substance — Burna Boy

This strategic approach highlights Davido’s intention to cater to different audiences while staying true to his roots. By creating music that speaks to both African and American listeners, Davido aims to bridge cultures and foster greater appreciation for Afrobeats on a global scale.

**Furthermore, Davido emphasized the importance of cultural fusion in music, citing his favorite collaboration as “2 AM” with Casanova and Tory Lanez.**

This track seamlessly merges Canadian, Nigerian, and American influences, showcasing the power of collaboration in bringing diverse cultures together. Through such collaborations, Davido continues to push the boundaries of Afrobeats, elevating the genre to new heights while promoting cultural exchange and unity.

As Davido continues to assert his dominance in the music industry, his dedication to creating innovative, boundary-pushing music ensures that his influence will only continue to grow, captivating audiences worldwide with his unique blend of African rhythms and global sounds.

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live forever fact about death
Featured PostsGeneral postsLifestyleTimeless

The Ten most Interesting Facts About Death

by Ikem Emmanuel
written by Ikem Emmanuel 9 minutes read

Death is an inevitable part of life, a certainty that touches us all.

Yet, it doesn’t have to be shrouded in fear and dread.

There are fascinating and unusual aspects to death that can offer unique perspectives. Let’s explore intriguing facts about mortality in this blog.

  1. Nature Takes Everything:

    Three days after someone dies, the enzymes that were present in their last meal begin to eat their body. This natural process is known as autolysis or self-digestion.

    Within a few hours to days after death, the cells in the body lose their structural integrity, and cellular membranes begin to break down. This process releases digestive enzymes, such as proteases, lipases, and amylases, which start to break down proteins, fats, and carbohydrates within the body’s tissues.
    self digestion - death

  2. Burial:

    The tradition of burial, according to historical records, dates back more than 350 thousand years, making it one of the oldest known rituals practiced by humans.

    This ancient practice reflects the deep cultural and religious significance attached to the handling of the deceased throughout human history.

    This fact about death has evolved and diversified, encompassing a wide range of rituals, beliefs, and practices aimed at honoring the deceased and facilitating their transition to the afterlife, as per respective cultural and religious beliefs.

    burial death

  3. How Many Deaths

    It is estimated that approximately 100 billion people have died since the dawn of humanity.

    This staggering fact about death underscores the profound impact of mortality on the human experience and highlights the universal inevitability of death as an integral part of the human condition.

    Throughout history, the cycle of life and death has shaped societies, cultures, and civilizations, leaving behind legacies that endure through memory, tradition, and the collective consciousness of humanity.

    how many deaths

  4. Birthday

    Around 153 thousand people died on the day you were born.

    The statistics serve as a poignant reminder of the cyclical nature of life and death.

    While birthdays are often celebrated as joyous occasions marking the beginning of life, this sobering fact underscores the simultaneous presence of mortality woven into the fabric of existence. Each birth is accompanied by the departure of others, reflecting the intricate tapestry of human experiences that intertwine in the vast continuum of time.

    Birthday

  5. Prescription Medicine

    The alarming revelation from a 2006 study conducted by the National Academies of Science’s Institute of Medicine sheds light on a lesser-known peril lurking within the realm of healthcare: bad handwriting on medical prescriptions. According to the findings, an estimated seven thousand lives are lost annually due to the misinterpretation of illegible handwriting on medication scripts. This sobering statistic underscores the critical importance of clear and concise communication in the medical field, serving as a stark reminder of the potential consequences when clarity is compromised.

    prescription medicine

  6. The Sense of SoundHearing is the last sense to go when we die.
    Hearing, often regarded as one of our most vital senses, retains its function until the very end of life. In the journey of death, it’s the last sense to depart, offering a poignant reminder of the profound significance of sound in our existence.While there may not be a mystical foundation per se, the phenomenon of hearing being the last sense to go when we die does evoke a sense of profound significance and symbolism. In many cultures and spiritual traditions, sound is deeply intertwined with the human experience and is often associated with spirituality, consciousness, and the journey of the soul.

    hearing sense

  7. Mount Everest:

    Mount Everest has 200 bodies spread along its trails that are used as points of reference for hikers trying to get to the top.

    In the shadow of these silent witnesses to Everest’s formidable might, climbers confront the ultimate truth about death – that in the face of nature’s unyielding power, our lives are but fleeting moments amidst the grandeur of the mountains. Yet it is precisely this recognition of mortality that lends a profound sense of meaning and purpose to the quest for Everest’s summit, reminding us of the importance of cherishing each moment and embracing the challenges that define our journey through life.

    Mount everest deaths

  8. Spicy Facts

    The inventor of the Pringles can, Frederic J. Baur, requested that his ashes be stored in a can after his death.

    Following Baur’s passing in 2008 at the age of 89, his family honored his unique request, fulfilling his wish to be memorialized in a vessel that bore testament to his innovative contributions to the world of snack packaging. In a nod to his legacy and the enduring popularity of Pringles chips, Baur’s ashes were interred in a Pringles can, symbolizing his lasting imprint on the culinary landscape.

    This serves as a quirky footnote to Baur’s remarkable career, highlighting the intersection of innovation, creativity, and a dash of unconventional humor. It stands as a testament to the enduring legacy of those who leave their mark on the world in unexpected and memorable ways, ensuring that their memory lives on in the most distinctive of fashions.


    Cross River Govt Pledges To Eradicate Infant Mortality
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    pringles can ash death wish

  9. Probabilities:

    You are more likely to die from slipping in the bathtub or being struck by lightning than in a terrorist attack.

    In highlighting these probabilities, we’re reminded of the importance of assessing risks with a balanced perspective, considering not only the sensationalized threats but also the more mundane yet statistically significant dangers that surround us.

    By understanding these probabilities, we can adopt a more informed approach to personal safety and prioritize precautionary measures accordingly.

    lightning

  10. Importance of exercise –

    Various studies show that lack of exercise is one of the most preventable death causes in the world.

    The most interesting facts about death

    AnaedoOnline

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Abas metal scrap market
BusinessFeatured Postsindustry

Unveiling Aba’s Metal Scrap Market

by Ikem Emmanuel
written by Ikem Emmanuel 10 minutes read

Aba, the commercial nerve center of Abia State, Nigeria, boasts a bustling metal scrap market that plays a pivotal role in the local and National economy. This market is colloquially known as the “iron condemn”, “iron scrap”, or “akpakara” market as it is fondly called in Aba, where various metals, including iron, copper components, brass, and aluminum, are bought and sold in abundance. These metals, sourced from spoilt gadgets and appliances that people no longer use, form the backbone of the iron scrap trade in Aba.

dump yard metal scrap market aba

A metal scrap market within Aba’s dump yards

My recent trip to Aba was motivated by a desire to delve into the inner workings of this multibillion-dollar market, which remains relatively unknown to many outside the region. Through firsthand exploration and engagement with market participants, I aim to shed light on the intricacies of the iron scrap market in Aba and uncover its socioeconomic significance within the broader context of Nigeria’s industrial landscape.

History of the Metal Scrap Market in Aba

The metal scrap market in Aba has a rich history that boomed after the Biafran War. In the wake of widespread destruction and devastation, many Igbo traders, who had prior experience in steel mills, recognized the untapped potential of the abundant metal scraps left behind.

Following the war, Aba became a hub for metal scrap trading as traders saw the opportunity to extract value from the debris of destroyed properties. Copper emerged as a particularly sought-after metal due to its high reuse value, although other metals such as aluminium, iron, cast, and armature were also in demand.

What started as a local enterprise soon expanded beyond Aba, with traders venturing into neighboring countries like Cameroon, Togo, and Benin in search of spoilt components and appliances containing valuable metals. These traders capitalized on the ignorance of sellers regarding the true value of their scrap materials, offering them money for items they considered worthless.

Scrap metal merchants workers salvaging iron and steel in the 1960s

Scrap metal merchants workers salvaging iron and steel in the 1960s

Over time, metal scrap traders in Aba amassed significant quantities of scrap metal, attracting the attention of both local steel companies and foreign investors. Despite the challenges of working with dirty and unclean materials, these traders transformed their businesses into lucrative enterprises, establishing themselves as millionaires and billionaires in the process.

The history of the metal scrap market in Aba reflects the resilience and entrepreneurial spirit of its traders, who turned adversity into opportunity in the aftermath of the Biafran war. Their ingenuity and resourcefulness continue to shape the thriving metal scrap industry in the region today.

Economic Impact and Future Prospects.

In Aba and Nigeria at large, the metal scrap market plays a pivotal role in the economic landscape, with far-reaching impacts on both individuals and communities. Stemming from the aftermath of the Biafran war, this market has evolved into a vibrant hub for entrepreneurial activity and economic empowerment. It’s not uncommon to see individuals, from young boys to seasoned businessmen, navigating through piles of discarded metal, scavenging for valuable scraps that hold the promise of financial gain.

These scraps, ranging from copper extracted from ceiling fans to aluminum salvaged from standing fans, hold significant value in today’s market, fetching prices that can change the fortunes of those who stumble upon them. The market’s influence extends beyond monetary gains, fostering a culture of resourcefulness and ingenuity among its participants. Young apprentices learn the trade alongside seasoned professionals, gaining valuable skills that enable them to carve out their paths in the industry. Moreover, the market catalyzes community development, offering employment opportunities and driving economic growth in the region. As technology continues to advance, the metal scrap market in Aba and Nigeria holds immense potential for further growth and innovation, paving the way for a sustainable and prosperous future.

The metal scrap market in Aba and Nigeria has had a profound economic impact, contributing significantly to wealth creation and job opportunities. The economic impact extends beyond wealth creation to job creation, especially for the youth. Many young men have become millionaires through their involvement in the metal scrap market, establishing scrap yards or ‘dumps’ to store and categorize metals. Employment opportunities abound as individuals are tasked with extracting metal components from condemned appliances and organizing them for sale.

Moreover, the market has facilitated an apprenticeship system, allowing young men to learn the trade while working in the industry. This has led to the emergence of successful entrepreneurs within a short period. The disposable income generated by the metal scrap market has bolstered the Aba economy, creating a ripple effect of financial stability and prosperity.

Looking ahead, the metal scrap market holds immense potential for growth and innovation. Technological advancements can further streamline operations and enhance environmental sustainability by promoting the reuse of metal components. Additionally, the market provides essential raw materials to manufacturing companies, ensuring a steady supply chain and supporting local industries.

In conclusion, the metal scrap market in Aba and Nigeria has not only transformed lives and communities but also emerged as a cornerstone of economic growth and sustainability. With continued support and innovation, its prospects remain bright.

Interview with a Metal Scrap Trader:

We had the privilege of engaging in a conversation with Ebuka Jaguar, a seasoned metal scrap trader boasting over two decades of experience in the bustling Aba market. He inherited this trade from his father, carrying on a legacy that spans generations. Ebuka’s insights offer invaluable perspectives into the intricate dynamics of the industry and illuminate the challenges encountered by traders like himself.

Interviewer: Why Jaguar?

Ebuka: That was the nickname of my dad during his market days. He was known to be a resilient trader and hardworking, which earned him the nickname.

Interviewer: How long have you been in the business?

Ebuka: I’ll say 20 years, as I was indulged in it by my parents after my secondary education, which prompted me to marry early and take responsibility for the family legacy and business as the only child.

When asked about the origins of the metal scrap market in Aba, Ebuka reminisced about the aftermath of the Biafran war and its impact on the local economy. “After the war, My father and his friends saw an abundance of destroyed properties and infrastructure, many of which contained valuable metal components. They realized there was an opportunity to salvage these materials and turn them into a profitable business.”

Ebuka highlighted the importance of networking and relationships in the metal scrap trade. “Building trust with suppliers and buyers is crucial in this industry. We rely on word-of-mouth referrals and long-standing relationships to secure quality materials and favorable deals.”

He also shared insights into the challenges facing metal scrap traders in Aba, including fluctuating market prices and logistical hurdles. “The market prices for different metals can vary widely from day to day, making it challenging to predict profits. Additionally, transportation costs and access to reliable suppliers can be obstacles in sourcing materials.”

Despite these challenges, Ebuka remains optimistic about the future of the metal scrap market in Aba. “As technology advances and environmental awareness grows, there’s a growing demand for recycled materials. We’re constantly adapting our practices to meet these evolving demands and contribute to a more sustainable future.”

He stated further, “As a buyer of metal scrap materials, I’m committed to promoting environmental sustainability and responsible recycling practices. We carefully sort and process the materials we acquire, ensuring that they are recycled and reused in an eco-friendly manner.”

He highlighted the economic benefits of the metal scrap market for local communities. “The metal scrap market provides valuable income-generating opportunities for individuals and families in Aba. By purchasing scrap materials from local traders, we’re able to support livelihoods and contribute to economic growth in the region.”

Ebuka also stressed the need for collaboration between stakeholders in the metal scrap industry. “Collaboration between traders, buyers, and policymakers is essential for the sustainable growth of the metal scrap market. By working together, we can address common challenges and explore opportunities for innovation and development.

Challenges Confronting Metal Scrap Traders in Aba

The Abia State government once closed 31 scrap and disused materials markets in Aba has highlighted one of the significant challenges faced by metal scrap traders in the region. The closure, aimed at identifying and addressing illegal activities within the market, underscores the need for government intervention to regulate the industry effectively.

Additionally, the prevalence of theft poses another significant challenge for metal scrap traders in Aba. The availability of highly sought-after metals in everyday appliances has led to incidents of burglary, where thieves target houses to steal these valuable materials. This not only disrupts the operations of legitimate traders but also poses risks for unsuspecting buyers who may inadvertently purchase stolen goods, leading to potential legal issues.

Moreover, the fluctuating exchange rate between the dollar and the naira further compounds the challenges faced by metal scrap traders. The unpredictable nature of currency fluctuations can result in financial losses for traders who have purchased materials at a certain price, only to see their value diminish when the exchange rate changes unfavorably.

In light of these challenges, it is imperative for metal scrap traders in Aba to navigate the regulatory landscape carefully while implementing measures to safeguard against theft and mitigate the risks associated with currency fluctuations. Government intervention and support, coupled with enhanced security measures, are crucial in ensuring the sustainability and integrity of the metal scrap market in Aba.

The metal scrap market in Aba stands as a testament to the resilience and ingenuity of its traders, who have turned adversity into opportunity in the aftermath of the Biafran war. From its humble beginnings as a local enterprise to its current status as a multibillion-dollar industry, the market has played a pivotal role in shaping the economic landscape of Aba and Nigeria as a whole.

Through our exploration of the history, economic impact, and future prospects of the metal scrap market, we have gained valuable insights into its socioeconomic significance and potential for growth and innovation. From providing employment opportunities and driving economic growth to promoting environmental sustainability and resourcefulness, the market continues to make a profound impact on the lives of individuals and communities in Aba and beyond.

As we look to the future, it is imperative that stakeholders in the metal scrap industry collaborate to address common challenges and seize opportunities for development. By fostering partnerships and embracing technological advancements, we can ensure that the metal scrap market remains a cornerstone of economic growth and sustainability in Aba and Nigeria for generations to come.

With continued support and innovation, the metal scrap market in Aba holds immense potential to thrive and contribute to the prosperity of the region. As we celebrate its rich history and enduring legacy, let us also look forward to a future filled with promise and opportunity in the vibrant world of metal scrap trading.

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Ambode Urges Unity and Bold Leadership for Nigeria's Economic Struggles
Featured PostsNews

Ambode Urges Unity and Bold Leadership for Nigeria’s Economic Struggles

by Ikem Emmanuel
written by Ikem Emmanuel 3 minutes read

Ambode Former governor of Lagos State, took the stage at the 2024 Leadership Colloquium and Award hosted by the Akinjide Adeosun Foundation (AAF) in Ikoyi, where he addressed a diverse audience on the pressing theme, “Economic Asphyxiation – The Importance of Genuine Leadership”.

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In his insightful address, Ambode emphasized that the current economic challenges plaguing Nigeria are deeply entrenched and predate the administration led by President Bola Tinubu. He urged for a departure from the blame game mentality and emphasized the need for a bold leader like Tinubu to confront these challenges head-on.

“It (challenges) has nothing to do with the singular person called Mr. President,” Ambode asserted, highlighting the imperative of understanding the fundamental issues at play. He stressed that Nigeria’s problems require a collective effort and called for unity among Nigerians to support President Tinubu in navigating the country through these turbulent times.

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Ambode implored his fellow citizens to refrain from disparaging Nigeria and instead focus on constructive actions to address the nation’s issues. “Until we decide ourselves to say that we should unite for the common cause called Nigeria, the security issues will not go,” he remarked.

The former governor underscored the importance of thinking innovatively and collaboratively to find solutions to Nigeria’s challenges. “We must think out of the box. We have to feed ourselves. When we start to think by ourselves and today we will resolve the issues concerning Nigeria, we will smile,” Ambode added, encouraging a proactive approach to nation-building.

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Ambode’s address resonated with attendees, offering a timely reminder of the need for genuine leadership and collective responsibility in steering Nigeria towards a brighter future. As the nation grapples with economic hardships, his words serve as a call to action for unity, innovation, and unwavering support for leadership committed to addressing Nigeria’s longstanding issues.

 

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