Lagos, (Nigeria), 11 October 2022 – First Bank of Nigeria Limited has partnered with Junior Achievement Nigeria to implement the 22nd National Company of the Year (NCOY) competition which will be held on Thursday, 13th October 2022.
The annual flagship event which was last held physically in 2019 will bring together 12 winning student companies from the Regional Company of the Year competition to compete for the National Company of the Year award sponsored by First Bank of Nigeria Limited. The winner of the National Company of the Year competition will proceed further to represent Nigeria at the Junior Achievement Africa’s Company of the Year (ACOY) competition.
The goal of the Junior Achievement Company Program is to inspire senior secondary school students to start and run their own business(es), develop a product or service, and market their brand. With the support of seasoned volunteers, students come together to form a company, choose a business name and elect company officers to oversee the operations of the company for the program duration. These activities help them hone some in-demand skills like creativity, accountability, teamwork, leadership, problem-solving, critical thinking, and public speaking needed to succeed in this competition and thrive globally. In the end, the student companies present the results of their enterprise before a panel of judges.
The judges for this year’s competition are Osayi Alile -CEO, of Aspire Coronation Trust(ACT) Foundation; Molade Adeniyi -CEO, Wave; Nneka Itabor, Head, Transaction Banking Sales, Commercial Banking, FirstBank; Afolake Oredola, Business Manager, Commercial Banking, FirstBank; Uchenna Achunine, Director, Business Development and Communications, Nigerian Conservation Foundation (NCF); David Adegboyega – Sound Character Coach & Nation Builder; Femi Iromini – Co-founder/CEO Moni Africa.
According to the Executive Director, of Junior Achievement Nigeria, Foluso Gbadamosi, she stated:
“We are glad that the National Company of the Year competition will once again be held physically after 2 years of being virtual. We are eager to see the tremendous business solutions and enterprises that our young leaders have doggedly built. More than ever, it is extremely important to equip young people for a global economy and we are grateful to selfless minds in the form of people and organizations who have partnered with us on this mission. We celebrate our sponsors, First Bank of Nigeria Limited for their continual support in building young leaders and we say a big thank you to every friend and stakeholder of JAN.”
Folake Ani-Mumuney, FirstBank’s Group Head, Marketing & Corporate Communications said “we commend Junior Achievement Nigeria for organizing the 22nd edition of the National Company of the Year Competition, a competition that has been impactful in promoting the entrepreneurship skills, spirit, and talent innate in school children, who are unarguably the leaders of tomorrow.
Our sponsorship of the National Company of the Year competition aligns with our FutureFirst initiative driven to promote financial literacy, entrepreneurship, and innovative development and career counseling of school children at an early age. We are excited to be part of the entrepreneurship journey of all representatives of the participating teams and we wish everyone the best”, she concluded.
The 12 student companies competing at Junior Achievement Nigeria 2022 National Company of the Year are:
- Green Apex student company from the International School, University of Lagos; produced a biodegradable sanitary pad for women
- Champion Squad student company from Taidob College, Asero, Ogun State produced the wearable totes made from a revamping process of used clothes with creative and fashionable local adire
- Nexus Queens Creation student company from Queens School, Ibadan developed a Decorative led lamp structured with 80% carton.
- Octagram student company from Redeemer’s Int’l Secondary School, Rivers State developed a Gas detector that alerts users about leakages and Honey candy that aids digestion, heals the sore throat, and reduces cholesterol
- Amazing Explorer student company from Government Secondary School, Tundun, Wada, Jos developed pig dung, a renewable energy product that produces methane gas which when connected to a burner produces the required energy for cooking and a free energy generator produced from scrap materials.
- Unique Standard Technology student company from Unique Standard Academy, Kaduna, developed an Infinity DC Generator
- Kundila Energy concept student company from Government Arabic Secondary School, Kundila, Kano, developed the Kmasgas
- Government Science and Technical College, Garki, Abuja developed Interlocks
- Peace Elshadai Model Academy, Auta Balefi, Nasarawa developed a laptop power bank
- Top Faith International Secondary School, Akwa Ibom developed a Vacuum cleaner
- De Perficient student company St. John’s of God Secondary School, Enugu developed the Verso bot(a robot)
- The straw recyclers company, from Special Education School, Tudun MALIKI (School for the blind and Deaf) used abandoned straw and take away plastic spoons from the garbage and recycled them into different home accessories: bags, doormats, home decorations, tissue papers containers, coin purses and more.
About Junior Achievement Nigeria
Junior Achievement Nigeria (JAN) is part of Junior Achievement Worldwide (JAWW), the world’s largest and fastest-growing non-profit economic education organization with a 120-country network. Since its inception in 1999, JAN has reached over one million students in over 20,000 classrooms in all 36 states across the country and the FCT through over 5000 volunteers. As part of a global network, JAN can leverage resources and expertise to deliver localized cutting-edge experiential programs built on JAWW’s three pillars of work Readiness, Entrepreneurship, and Financial literacy, to in and out-of-school youths, ages 5 to 27, free of charge.
For more information, visit www.ja-nigeria.org
Foluso Gbadamosi
Executive Director
Junior Achievement Nigeria
About FirstBank
First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 128 years.
With over 750 business locations and over 189,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers. The Bank has an international presence through its subsidiaries, FBNBank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone, and Senegal, as well as a Representative Office in Beijing.
The Bank has been handy in promoting digital payment in the country and has issued over 10 million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 12 million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 4.5 million people on the FirstMobile platform.
Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management, and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatization and commercialization schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, with an internationally competitive world-class brand, and a credible financial partner.
FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is always to put customers, partners, and stakeholders at the heart of our business, even as we standardize customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of the first choice in building your future”. Our brand promise is always to deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership, and people, to position You First in every respect.
Folake Ani-Mumuney
Group Head, Marketing & Corporate Communications
First Bank of Nigeria Limited