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Swarovski Foundation Awards €20,000 Grants to Young Innovators

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The Swarovski Foundation, a global NGO committed to advancing sustainability, is currently seeking the next generation of innovators through its renowned “Creatives for Our Future” program. This initiative is designed to identify and support young visionaries whose projects align with the United Nations Sustainable Development Goals (SDGs).

The program offers a substantial grant of €20,000 (approximately N35 million) to each selected winner, empowering them to develop and implement their groundbreaking ideas. Applications are now open and will be accepted until October 15, 2024.

In collaboration with the United Nations Office for Partnerships, the program aims to foster creative solutions to some of the world’s most pressing challenges. It is open to young creatives aged 21 to 30 from various fields, including fashion, design, art, architecture, and engineering. Applicants are expected to be engaged in original projects or products that utilize the creative process to promote sustainability and contribute to the SDGs.

Since its inception, the program has supported 21 pioneering projects led by young innovators who are addressing sustainability and development issues. This support has ranged from funding for research to providing mentorship and networking opportunities to further their work.

Among the notable past recipients is Joshua Ichor from Nigeria, who developed a hand pump monitoring system and a clean water kiosk for rural communities in sub-Saharan Africa. His initiative has delivered over 50,000 liters of clean water daily, benefiting more than 10,000 people. With the program’s support, Joshua expanded his efforts to Kenya and Uganda and plans to install 50 new water monitoring systems by the end of the year.

Another recipient, Stanley Anigbogu, also from Nigeria, created an eco-friendly energy solution by repurposing electronic waste and plastic bottles. His project, the AVATAR Station, is a solar-powered hub built from recycled shipping containers that provides clean energy and educational resources on climate change. Stanley also launched the Eco Heroes program, which educates children about renewable energy with mentorship from global sustainability experts.

Jakhya Rahman-Corey, Director of the Swarovski Foundation, expressed excitement about the program, saying, “We are thrilled to open applications for the Swarovski Foundation Creatives for Our Future program and nurture the next generation of inspiring talent. Creativity has the power to solve global challenges and achieve sustainability goals.”

Annemarie Hou, Executive Director of the United Nations Office for Partnerships, emphasized the program’s significance, stating, “We need young talents, from fashion to engineering, to use their creativity to tackle sustainable development challenges. With mentorship, industry connections, and funding, these young people are turning obstacles into opportunities and driving real progress toward the SDGs.”

Founded in 2013, the Swarovski Foundation honors the legacy of Daniel Swarovski by supporting charitable initiatives that make a positive social and environmental impact while advancing the SDGs.

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Shehu Sani Criticizes World Bank Over Nigeria’s Economic Outlook

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Former Kaduna Central Senator Shehu Sani has criticized the World Bank for worsening Nigeria’s economic difficulties. In a post shared on X, Sani accused the institution of projecting that Nigeria’s hardship would extend for another 15 years before the country could reach a better economic future. He questioned how many Nigerians would be left to enjoy that future, and how many African nations the World Bank has successfully helped to prosperity.

Sani’s remarks follow the World Bank’s latest *Africa’s Pulse* report, which forecasts that the Nigerian Naira will be among the worst-performing currencies in Sub-Saharan Africa by August 2024. The report placed the Naira’s decline alongside that of the Ethiopian Birr and South Sudanese Pound.

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HIG: Building Trust and Driving Innovation in Nigeria’s Insurance Market

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Heirs Insurance Group (HIG) recently announced impressive financial results for the 2023 fiscal year, marking significant growth across all key metrics. The Group’s Gross Written Premium (GWP) surged by 59.3%, from N19.9 billion in 2022 to N31.7 billion in 2023. This remarkable performance underscores HIG’s resilience and operational efficiency, further solidifying its position as one of Nigeria’s fastest-growing insurance firms.

Heirs General Insurance (HGI) saw a 77% increase in GWP, reaching N12 billion in 2023. HGI’s profit before tax (PBT) also rose by 203%, reflecting the company’s effective cost management. Similarly, Heirs Life Assurance (HLA) reported a 71% GWP increase and a staggering 395% rise in PBT. Both companies have demonstrated a strong commitment to customer satisfaction, disbursing billions in claims.

Beyond financial success, HIG actively engages in corporate social responsibility (CSR) projects, contributing over N100 million to education, community development, and financial literacy. With plans for future expansion and innovation, HIG is poised to remain a key player in Nigeria’s evolving insurance market.

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Wike Urges Nigerians to Pay Taxes for Improved Social Services

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Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to fulfill their tax obligations, emphasizing that government revenue is essential for delivering social services. Wike made this appeal during the inaugural Abuja Business and Investment Summit, held in Abuja on Wednesday.

Speaking on the summit’s theme, “Optimising Investment Through Partnerships,” Wike stressed the importance of collaboration to generate investment opportunities. He dismissed the misconception that the government does not need revenue, explaining that taxes are crucial for funding public services.

Wike reiterated that both investors and the government must benefit from such partnerships, ensuring that both parties “go home smiling” through a fair exchange of services and taxes.

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