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Kano School Excels in Entrepreneurship Competition

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Kano School Excels in Entrepreneurship Competition

byBilkisu Kasim
October 16, 2024
in Business
8

 

Darum Noor by Intercontinental Schools, a Kano-based institution, has been crowned the champion of the National Company of the Year (NCOY) competition, an event supported by FirstBank.

 

This achievement places the school ahead of 11 other participating schools from across Nigeria and qualifies it to represent the country at the African Company of the Year competition in Mauritius.

 

The annual NCOY event, organized by Junior Achievement Nigeria (JAN), was themed ‘Greenoovation: Promoting Innovative Entrepreneurship among Nigerian Youths.’ FirstBank’s Managing Director and CEO, Olusegun Alebiosu, represented at the event by the bank’s General Counsel, Raymond Mgbeokwere, highlighted that over 1.5 million Nigerian students from more than 2,500 schools have benefited from FirstBank’s FutureFirst initiative, which provides financial literacy, entrepreneurship education, and career guidance.

 

He stated, “Through our support of JAN’s inventive programs, we actively promote sustainability. Observing the impressive projects showcased by these young entrepreneurs, I am assured that Africa’s future is bright beyond our expectations. I commend the creativity and hard work invested in these projects.”

 

The winning school impressed the judges with its innovative “Smart Sprinkler” system designed to help farmers increase yield through enhanced irrigation methods.

 

The competition’s first runner-up, Innovative Heritage School in Nasarawa, developed De-Amazons, a company producing organic marker ink. Ibesikpo Secondary Commercial School from Akwa Ibom took the second runner-up position with their business, Green Cycle, which creates stylish bags from recycled materials.

 

Olaolu Akogun, JAN’s Senior Programmes Manager, explained that the students’ companies were evaluated based on their business ideas, financial statements, presentations, and exhibition skills by a panel of industry experts. He emphasized that the program helps students gain real-world experience in creating and managing brands, employing marketing strategies, and understanding essential business operations.

 

In an interview with The PUNCH, Hadiza Baba, the school’s proprietress, expressed her joy at the victory. “We invested a lot of effort, and I’m thrilled that it paid off,” she said.

 

Marking its 25th year, the NCOY competition has enjoyed FirstBank’s sponsorship for nearly a decade.

Bilkisu Kasim

Bilkisu Kasim

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