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UNICEF Urges Massive Investment in Digital Skills as Youth Population Surges

The United Nations Children’s Fund (UNICEF) has called for urgent, large-scale investment in digital skills to prepare Nigeria’s rapidly expanding youth population for the jobs of the future. Speaking at a media dialogue in Lagos, UNICEF’s Chief of Field Office, Celine Lafoucriere, warned that failure to act now could deepen inequality and undermine Nigeria’s development. By 2030, Nigeria will be home to an estimated 126 million children, making it one of the world’s youngest nations. Over 28 million children are already out of school, and 15% of Nigerian girls aged 15–24 are neither in school, employment, nor training. This digital gap, driven by poor infrastructure and limited device access, is a critical obstacle. UNICEF has helped train 62,000 girls in digital skills but says far larger investment is needed across infrastructure, teacher training, learning environments, and technology access. Media and […]

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Elon Musk’s record $1 trillion Tesla pay package faces shareholder vote

Tesla shareholders are set to vote Thursday on whether to approve a record-breaking $1 trillion pay package for CEO Elon Musk — a deal that could cement his control over the company but has drawn intense scrutiny from investors and governance experts. The package, tied to performance-based milestones in market capitalization, profit, and production, would be the largest compensation deal in corporate history. If approved, it could raise Musk’s ownership stake in Tesla from about 12 percent to over 25 percent. Tesla Chair Robin Denholm has led a public campaign in recent weeks to rally support for the plan, arguing that Musk’s leadership is vital to maintaining the company’s innovative edge. “Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become — a transformative force in mobility, energy, and […]

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Africa’s Digital Economy to Hit $1.5 Trillion by 2030 – Mastercard

Africa’s digital economy is projected to reach $1.5 trillion by 2030, according to insights shared at the Mastercard Africa Edge Summit. The event gathered leaders from across the continent’s payments and technology sectors to explore how collaboration and innovation can drive digital transformation. The summit focused on improving infrastructure, building trust, and enhancing interoperability to accelerate Africa’s digital growth and create opportunities for consumers and small businesses. Hosted by Mark Elliott, Mastercard’s Division President for Africa, the summit featured senior representatives from banks, fintech firms, telecommunications companies, regulators, and technology partners. Elliott said Mastercard remains committed to supporting Africa’s economic progress. “Africa Edge is about collaboration and supporting partners to deliver secure, seamless, and accessible digital experiences that help people and businesses grow. Africa’s digital economy is scaling fast, and Mastercard is proud to be a trusted technology partner helping […]

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TRCN, GMIND AI to Launch Lesson Platform for 1.5 Million Licensed Teachers

The Teachers Registration Council of Nigeria (TRCN) has signed a partnership with GMIND AI to introduce an artificial intelligence-powered lesson planning platform designed for the country’s 1.5 million licensed teachers. The platform, set to launch on October 6, will provide teachers with two categories of resources: AI-generated lesson plans with simulations for digitally skilled teachers. Ready-to-use lesson plans for teachers with limited ICT knowledge. TRCN Registrar, Dr. Ronke Soyombo, who spoke during the Memorandum of Understanding (MoU) signing, said the innovation would transform lesson preparation and raise teaching standards nationwide. She explained that the platform would integrate Nigerian culture, history, and local realities into lessons, ensuring learners relate better to the content. “Our children can still learn about the Victorians, but they must also learn about the Ife and Benin Kingdoms in the same breath,” Soyombo said. Before the official […]

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Elon Musk Sells X to xAI in $33 Billion All-Stock Deal

Elon Musk has announced the sale of his social media platform X to his artificial intelligence company, xAI, in an all-stock transaction valued at $33 billion. The deal, revealed on March 30, 2025, marks a significant shift for both companies, which are privately held and not required to disclose detailed financial information. Musk emphasized that this merger would create "immense potential" by merging xAI’s advanced AI capabilities with X’s vast user base.The deal values xAI at $80 billion and X at $33 billion. Musk, who had acquired Twitter (now X) for $44 billion in 2022, previously overhauled the platform’s staff and policies before rebranding it to X. A year later, he launched xAI.Musk described the combined efforts of xAI and X as a way to create smarter and more meaningful experiences for billions of users while staying true to the […]

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