Writer and Social entrepreneur.

Before I go any further, let me at this point note that this is a time in our country when creativity and innovation are attributes meant to be well encouraged. So it would be safe to say that this new development served as a sort of relief to us.

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Union Bank, one of Nigeria’s most-respected financial institutions, has announced its partnership with Co-Creation Hub to launch the Centenary Innovation Challenge. The launch was announced at a press conference held at the bank’s Head Office on Wednesday, April 12, 2017.

The Centenary Innovation Challenge is a platform that would provide support for young technology startups and businesses to impact their environment and improve the country, which could be in line with bank’s 100 year centenary theme to Celebrate, Impact and Lead.

At the launch, the Chief Executive Officer of Union Bank, Emeka Emuwa, made known that innovation, one of the core values of the bank, has been the forefront in ensuring the Bank meets and exceeds customer needs and drive social innovation.

Emeka Emuwa, CEO Union Bank
Emeka Emuwa, CEO Union Bank

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“As an Institution we are taking the lead in tackling social problems in communities where we do business in a sustainable way.  Last year, we kicked off our first ever internal innovation challenge in the bank – The Annual Case Challenge and we are currently working on implementing the transformational ideas that came through that would allow us provide the simplest and smartest solutions, making our customers’ lives better.”

“We also believe that we cannot tackle these social problems alone which is why today we are partnering with Co-Creation Hub (CcHub) to launch the Centenary Innovation Challenge”.

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TheFounder of Co-Creation Hub, Bosun Tijani talked about the partnership with the Bank during his keynote address where he said that “Based on our work for the past 7 years, we have seen that there are very few credible platforms to leverage on to build sustainable businesses in Nigeria. This partnership with Union Bank for the Centenary Innovation Challenge is important to us, especially in implementing platforms that can help us provide solutions for our communities and the country as a whole”.

Well, I guess young entrepreneurs should be gearing up already for when a date is released as just this might be the turning point for your innovative business.