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The Thriving Intersection of Sports and Sports Betting in Nigeria

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The Thriving Intersection of Sports and Sports Betting in Nigeria

In Nigeria, sports are not just a pastime; they are a way of life, ingrained in the cultural fabric of the nation. From the electrifying atmosphere of football stadiums to the spirited debates over boxing matches and athletics competitions, sports capture the imagination and passion of Nigerians across the country. In recent years, the rise of sports betting has added a new dimension to the sporting landscape, transforming the way fans engage with their favorite sports. In this article, we explore the dynamic relationship between sports and sports betting in Nigeria, examining its impact on the sporting community and broader society.

The Passion for Sports:

Football reigns supreme as the most popular sport in Nigeria, with millions of fans rallying behind local clubs like Enyimba FC, Kano Pillars, and international giants like Manchester United and Barcelona. The passion for football transcends age, gender, and socioeconomic status, bringing communities together in celebration of the beautiful game. Beyond football, sports like basketball, athletics, boxing, and cricket also have dedicated followings, with Nigerian athletes making their mark on the global stage.

The Emergence of Sports Betting:

In recent years, sports betting has emerged as a prominent feature of Nigeria’s sporting landscape, fueled by advancements in technology, widespread access to the internet, and a growing middle class with disposable income. Betting companies like Bet9ja, Betking Nigeria, and NairaBet have capitalized on this trend, offering a wide range of betting markets and platforms that cater to the diverse interests of Nigerian sports fans. With just a few clicks or taps, fans can easily login BetKing Nigeria and access a plethora of betting options, from predicting match outcomes to placing bets on individual player performances, adding an extra layer of excitement and engagement to their sports viewing experience.

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Impact on Sports Culture:

The proliferation of sports betting has had a profound impact on sports culture in Nigeria, influencing how fans interact with and consume sports. While traditional forms of fan engagement, such as attending live matches and watching games on television, remain popular, many fans now also enjoy placing bets on their favorite teams and athletes. This heightened level of engagement has contributed to increased viewership, ticket sales, and merchandise revenue for sports organizations and clubs.

Challenges and Opportunities:

While sports betting has brought newfound excitement and revenue to the Nigerian sports industry, it also presents challenges and ethical considerations. Concerns about problem gambling, match-fixing, and the exploitation of vulnerable individuals have prompted calls for stricter regulation and responsible gambling practices. However, with proper oversight and education, sports betting has the potential to drive positive outcomes, including increased investment in sports infrastructure, grassroots development programs, and sponsorship opportunities for athletes and teams.

Promoting Responsible Engagement:

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As sports betting continues to grow in Nigeria, it is essential for stakeholders to prioritize responsible engagement and consumer protection. Betting companies, regulatory authorities, and sports organizations must work together to implement safeguards such as age verification, responsible gambling tools, and support services for individuals at risk of developing gambling-related problems. By promoting responsible betting practices, the sports betting industry can ensure that the thrill of sports wagering remains enjoyable and sustainable for all involved.

Conclusion:

The intersection of sports and sports betting in Nigeria reflects the country’s deep-rooted passion for sports and its embrace of new technologies and entertainment options. While sports betting presents both opportunities and challenges, its impact on the sporting community and broader society cannot be ignored. By fostering responsible engagement, promoting transparency and integrity, and harnessing the potential of sports betting to drive positive outcomes, Nigeria can continue to enjoy the thrill and excitement of sports while ensuring the well-being of its citizens

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AfDBAM2024: Climate Action Window launches second call for mitigation project proposals in 37 low-income African countries

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The African Development Fund has launched the second call for proposals through its  Climate Action Window (CAW) on the sidelines of the 59th Annual Meetings of the Board of Governors of the African Development Bank Group currently underway in Nairobi.

The window was created during the 16th replenishment of the African Development Fund (ADF-16) to support 37 low-income and vulnerable African countries in accelerating and scaling up access to climate finance for actions addressing the impacts and shocks of climate change.

Speaking on Monday 27 May during a special session of donors to the CAW, African Development Bank Vice-President for Vice President for Power, Energy, Climate and Green Growth Kevin Kariuki said the second call would focus on climate mitigation projects aimed at reducing or avoiding greenhouse gas emissions. The goal is to promote approaches that support achieving net-zero emissions.

Kariuki spoke of the effects of climate change across the continent – floods in Kenya and Tanzania earlier this month, cyclone Freddy’s devastating impact in South Africa last year and current droughts in the southern Africa region.

Africa’s massive climate financing needs – currently standing at around $277 billion – can only be met with innovative tools. These include guarantee mechanisms, issuance of sustainable hybrid bonds, and the Bank’s Climate Action Window, which seeks to mobilize $4 billion during the current ADF-16 cycle, Kariuki added.

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He announced the Board of Governors approval of $13.3 million from its net income for the Climate Action Window.

Kariuki also thanked the founding donor countries – Netherlands, Germany, Switzerland and the United Kingdom – for “believing in our dream” on behalf of ADF countries.

The first call for proposals for the CAW saw 359 eligible projects worth $4 billion dollars highlighting the extent of the adaptation needs, Kariuki said. The projects cover all ADF countries through 31 national and 10 multinational projects.

African Development Bank Group Director Anthony Nyong said the projects – “the largest pipeline of adaptation projects on the continent” spanned various sectors, including agriculture, water security, early warning and climate information systems, green finance, and resilient infrastructure.

The Bank has made a commitment to allocate at least 40 percent of its annual investments amounting to $25 billion to climate finance during the period 2020-25 and is on target to meet this if current lending continues. In 2023 it committed $5.85 billion in 2023 as climate finance, Kariuki said. The Bank’s “triple A” of climate finance – availability, access and affordability, would guide the Bank’s efforts.

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The ADF opened the CAW to support the climate financing needs of low-income countries with an initial financing of $429 million. The fund is expected to grow to $14 billion.

The second call is open to government entities, ministries, departments, agencies, departments of the African Development Bank, non-governmental organizations, community-based organizations and inter-governmental organizations (including United Nations organizations, regional economic communities, regional river basin climate centers).

Submission deadline: 8 July 2024 (11:59 GMT).

The CAW is allocating approximately $64 million for this call for mitigation proposals. Financing will take the form of grants. Funding requests for a single project or program may range from $3-5 million. The independent evaluation committee may recommend granting   financing beyond or below these limits in exceptional cases.

Interested parties are invited to submit their proposals in English or French through the online platform here.

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META taps Ghanaian tech influencers Dessy, Delppy for AI push

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Ghanaian tech influencers, Dessy and Delppy, have been selected by META, the parent company for Facebook, Instagram, and WhatsApp, to push the company’s new AI innovations and make the technology more accessible to the Ghanaian community.

Real names – Emmanuel Fianko and Desmond Ofori Appiah, Delppy, and Dessy are leading the charge in promoting META’s cutting-edge AI technologies across the African continent. Known for their dynamic presence in the tech community and their commitment to technological advancement content creation, the two are leveraging their influence to spotlight META’s innovative AI solutions.

Dessy and Delppy have established themselves as pivotal content creators in the African tech landscape. Their influence extends far beyond Ghana, reaching a diverse audience across Africa and beyond with expertise in technology and digital trends. 

META’s AI technologies promise to revolutionize various sectors. Dessy and Delppy are at the forefront of showcasing advancements through a series of engaging and informative content. 

By demonstrating the practical applications of META’s AI, they aim to educate and inspire a new generation of tech enthusiasts and professionals in Africa.

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“We are thrilled to be part of this exciting journey with META. Their AI technologies have the potential to create significant positive impacts across various industries in Africa. We look forward to exploring and sharing these innovations with our audience,” said Dessy.

“Technology is a powerful tool for change, and META’s AI is at the forefront of this transformation. We are excited to highlight how AI can address real-world challenges and opportunities in Africa,” added Delppy.

Dessy and Delppy are renowned tech influencers from Ghana, known for their insightful commentary and engaging content on technology and digital trends. With a passion for innovation and a commitment to education, they have become trusted voices in the tech community.

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MTN Foundation closes submissions of Applications for Bright Scholarship

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The MTN Ghana Foundation has announced that it will close entries for its Bright Scholarship program on May 31, 2024. Eligible applicants who meet all the criteria are urged to apply through the web portal scholarship.mtn.com.gh before the application deadline.

The MTN Bright Scholarship is open to continuing students pursuing a first degree at any public tertiary institution or pursuing vocational and technical skills training. Applicants must be Ghanaians, of good conduct, and have excellent academic results.

The MTN Bright Scholarship covers the cost of tuition, accommodation, provides a stipend for books, and includes a device for the beneficiaries. The MTN Ghana Foundation will award 200 scholarships to continuing students in public tertiary institutions across the country for the 2024/2025 academic year.

Adwoa Wiafe, MTN’s Chief Corporate Services and Sustainability Officer, commented on the scholarship, stating, “we have doubled the number of beneficiaries this year because of the compelling needs in the society. We are confident that this will ease the financial burden on needy students and reduce the number of students dropping out of school due to financial constraints.”

The commencement of the MTN Bright Scholarship in 2018 was in fulfilment of a commitment MTN made to Ghanaians during the commemoration of its 20th Anniversary in 2016. During the celebrations, MTN, through the MTN Ghana Foundation, promised to award a total of 300 scholarships over three years. Considering the impact of the scholarship at the end of the first three years, the MTN Ghana Foundation again approved the renewal of the scholarship program in 2021 during MTN’s 25th Anniversary celebration.

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Bolt Food and Food and Drugs Authority (FDA) Collaborate to Enhance Food Safety in Ghana

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Bolt Food, the leading platform delivery company and a thought leader in Ghana, partnered with the Food and Drugs Authority (FDA) to organise a pioneering one-day hygiene workshop. This inaugural event aims to enhance food safety standards among Food Service Establishments (FSEs) across Ghana, reflecting Bolt Food’s strong commitment to promoting health and safety within the food service industry.

The workshop brought together fifty FSEs using the Bolt Food platform to educate them on the FDA’s stringent food safety regulations. This event also provided a valuable opportunity for vendors to voice their challenges and seek support in overcoming them, fostering a collaborative effort towards improving food safety practices.

In a significant step towards supporting these FSEs, Bolt Food announced that it will sponsor the FDA Food Hygiene Permit licence acquisition for 20 establishments. Additionally, Bolt Food will offer the necessary technical support to ensure these businesses meet all regulatory standards, reinforcing its dedication to maintaining high-quality service and safety.

This initiative marks a milestone in Bolt Food and FDA’s efforts to uphold and elevate food safety standards, ensuring that customers receive safe and hygienic food from their favourite establishments. It was inspiring to witness the FSEs united with a shared commitment to uphold and elevate food safety standards across Ghana. Each establishment made a pledge to maintain these high standards, reflecting a collective dedication to public health and safety.

The Regulatory and Policy Head for Africa at Bolt, Weyinmi Aghadiuno, said: “Our mission is to continually enhance food safety for everyone. This collaboration with the FDA is a key part of Bolt Food’s commitment to promoting health and safety in Ghana’s food service industry.”

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“We aim to cultivate a strong partnership with the FDA and our FSEs. Our objective is to create an ecosystem where customers can trust that every order from Bolt Food comes from establishments that uphold FDA’s rigorous food safety and hygiene standards.” She added. 

Mr. Roderick Daddey-Adjei, Deputy Chief Executive, Food Division, at the FDA emphasised that, “as the

Guardians of food safety in Ghana, it is the responsibility of the FDA to ensure that every meal served, whether in a restaurant, by the streets or delivered to our homes and offices, meets the highest standards of hygiene and safety in alignment with the Public Health Act 2012. The issuance of hygiene permits is not just a formality; it brings a sense of assurance that food service establishments are adhering to Good Hygienic Practices (GHPs) upholding the principles of food safety.

Chief Regulatory Officer at the FDA, Dr. Edward Archer,  addressed the importance of regulatory compliance within the food industry. He urged all food establishments across Ghana to regularise their operations with the FDA, stressing that securing a Food Hygiene Permit is crucial for industry compliance and consumer safety.

“Operating a food business without a Food Hygiene Permit is unlawful. The FDA is ready to collaborate and ensure the safety of FSEs nationwide,” Dr. Archer stated.

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The Country Manager for Bolt Food said: “this collaboration between Bolt Food and the FDA signifies a step towards ensuring the highest quality of food safety and hygiene for our customers. Together with the FDA, we look forward to bringing positive changes to the Food Delivery industry in Ghana.

 

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10 Excuses Top Executives Give About Their Emotional & Mental Health – 1

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Dr. Abiola Salami

As we prepare to host leaders for Dr. Abiola Salami International Leadership Bootcamp in Mombasa, Kenya in June 2024, we consider it important to discuss Emotional and Mental Health (EMH) in leadership this month of May. We started the month by discussing 10 Warning Signs A Leader’s Emotional & Mental Health Might Be At Great Risk. Today, we conclude the discussion with Part 2 of 10 Excuses Top Executives Give About Their Emotional & Mental Health

10 Excuses Top Executives Give About Their Emotional & Mental Health – 1

Excuse #5 – This Is Just The Way I Am

Humans are generally resistant to change even though we talk about it a lot. Many people have adjusted to their traumas and have seemingly built a coping mechanism around such nasty experiences. Seeking professional help for such traumas that have messed up their emotional and mental health for so long would mean, taking off the masks and faux personalities they have carefully built over the years and come face to face with the root of their pain. That’s too much for some top executives, they would rather continue with their lives than deconstruct those layers of alter egos and heal into their authentic selves – hence the lame excuse, “this is just the way I am”. Others are scared to find out who they could become on the other side of getting professional help; they prefer the familiar to the possible.

Excuse #6 – Everybody Does This

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Another excuse bothers on the fallacy of generalization and is usually used in corporate environments where toxicity is entrenched, accepted and a staple. In essence, the ecosystem rewards such bad behaviour that there is no incentive to unlearn it. For example, many top executives don’t see bullying their colleagues from the perspective of having an emotional and mental health challenge because what bullying really speaks to is a lack of a healthy self-image or self-esteem but masked by aggressive behaviour towards others. They rather explain it away by saying that it is how people survive in a space that is akin to a shark-infested water – hence, the best form of defence is attack. Such top executives find solace in the fact that the society is seemingly indifference to their untoward behaviour; so the absence of sanctions or consequences makes them double down on their dysfunctions.

Excuse #7 – It’s Not That Bad

This excuse comes from a perspective of cognitive dissonance and intellectual dishonesty. It’s an attempt by top executives to gaslight people by downplaying the gravity of their emotional and mental health challenges. This view is prejudiced especially coming from business executives because judging by the power dynamics within an organization, they are usually high up the totem pole – which means that there are fewer voices that can challenge such people on the negative impact of their actions on others. It’s very rare to see employees on a much lower cadre, stand up to someone in top management. Even the Human Resource Manager who should be the port of call for those who seek redress are more disposed to protecting their personal interests than ensuring the right thing is down – the lack of moderating influences for top executives eventually hurts them.

Excuse #8 – I Can Handle It On My Own

This excuse bothers on self-help. Here a top executive believes that he or she can apply DIY-solutions to their emotional and mental health challenges. This excuse is underpinned by expertise in other areas of their lives especially their professional endeavours. These top managers extrapolate success in one or more areas of their lives and use such as metric for determining their ability to solve problems in other areas of their lives. In doing so, they underplay the level of skill that is used by professionals to manage emotional and mental health challenges. It takes a level of respect to acknowledge that just as you are an expert in a particular area of life, someone else is also an expert in another area of life.

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Excuse #9 – I Don’t Talk About My Issues To Strangers

For top executives, they are within their rights to be concerned about how much personal information can be shared with third-parties because owing to their being at the helm of affairs, such information could be weaponized by their rivals and used for a smear campaign which could hurt the fortunes of their organization very quickly. However, a simple solution to this is the involvement of legal counsels who will adopt memorandum of understandings, non-disclosure agreements and confidentiality clauses that protects the executive. There is no guarantee that even with familiar faces, personal information would be safe – so seeking professional help for mental health challenges is certainly worth the risks.

Excuse #10 – All I Need Is God

The overly religious executives who hold extreme views about their faith don’t believe that there is anything wrong with them and to engage in therapy would be to imply that a perfect God didn’t create a perfect human. This puritan view downplays the effectiveness of intervention. Some extreme views even reject interventions such as accepting blood transfusions, taking medications, or engaging in therapy. These top executives embrace a perception of divinity that signifies that “man-made” solutions demean their spirituality. This notion is misguided because first, the very definition of human implies to be imperfect and most of the solutions to human problems were discovered by those who took time to study what God created. For example, people were inspired to create the aeroplane from studying the science of how birds fly in the sky, it only presupposes that God can use people to help other people.

Growth Opportunities

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To further position your leaders for peak performance, you can download a free copy of the latest edition of The Peak Performer Magazine You can also enrol your Mid-level  Leadership Team for the Made4More Accelerator Program and your Senior Leadership Team for the Dr. Abiola Salami International Leadership Bootcamp MOMBASA 2024 We also have an upcoming training for leaders in public service 

About Dr. Abiola Salami

Dr. Abiola Salami is the Convener of Dr Abiola Salami International Leadership Bootcamp and The Peak PerformerTM. He is the Principal Performance Strategist at CHAMP – a full scale professional services firm trusted by high performing business leaders for providing Executive Coaching, Workforce Development & Advisory Services to improve performance. You can reach his team on [email protected] and connect with him @abiolachamp on all social media platforms.

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Africa Day at UBA: The Most Unforgettable Moments!

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UBA Ghana has commemorated this year’s Africa Union (AU) Day with a vibrant ceremony held at its head office and other Business Offices across the country.

As the bank marks its 20th anniversary of the Bank in Ghana and 75th anniversary of the UBA Group, it continues to leverage Africa Day to celebrate the continent’s unity in diversity and highlight its rich cultural and economic potential.

Staff members showcased the rich cultural heritage of Africa by dressing in various indigenous attire, representing different tribes, ethnic groups, and countries.

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