Business

Sterling Bank to implements blockchain solution for SPPG

Published

2 years ago

June 11, 2024

The Centre for Food Safety and Agricultural Research stands as a beacon of innovation and collaboration in the realm of sustainable agriculture and orchestrated this landmark symposium, shedding light on the intricate complexities surrounding genetically modified foods. Held at the prestigious Waterfalls Event Centre in Ikeja, Lagos, this symposium convened under the theme, “GMO Foods: Unveiling the Landscapes and Debates Beyond the Laboratory” served as a pivotal platform for a diverse spectrum of stakeholders to delve into the multifaceted dimensions of GMO technology. Director at CEFSAR Prof. Qrisstuberg Amua, reiterated that “The dangers in GMO foods go beyond genetic engineering. It is a way of pumping toxic chemicals into the environment and ultimately on the breakfast tables. There is an emerging situation short of criminality that is pervading the public space with GMO crops. In the context of our discussion, it appears that some persons outside the country have some business interests to push out these GMO products for wealth accumulation. As a centre, we have begun a journey to aggregate the relevant voices in the sector on the dangers of GMO foods.” While stressing the need for the Government to pay great service to farmers, Former Commissioner of Women Affairs in Anambra State, Honourable Mrs. Bridget Obi stated that, “It’s time we look at our farmers as our greatest asset as a nation. Without the farmers there will be no food or industry. In 2008, during YarAdua’s era, I was a member of the committee on Agriculture and Food Security, where a Vision 2020 plan was developed to make Nigeria great through Agriculture.” She however blamed the lack of continutity in Government as an impediment to that plan, which has now degraded badly into accepting dangerous Genetically Modified options from the outside our borders. In her presentation, Dr Joyce Brown stressed that GMOs involve seed monopoly, increased pesticide use, the emergence of super weeds, and monocultures resulting in the loss of biodiversity and nutritional diversity. Restating the need to revisit the seed law in Nigeria, a legal practitioner, Mr Bismarck Akintoye, urged the legislature to undo the laws signed in ignorance. He points that, “There are laws that allowed biotechnology into the country while we were sleeping. We must engage the lawmakers to undo the laws they did as regards the acceptance of GMO foods and crops in the country.” An IT expert, Segun Adebayo expressed his satisfaction in discussing a topic that directly impacts the food on our tables, highlighting the omnipresence of GMOs in our daily meals. Expanding on his point, he remarked that,“I would like to emphasize the importance of informed decision-making regarding food choices. The potential risks of the foods including health implications and environmental concerns can not be overlooked as there is a references on a two-year study showing severe health implications including liver and kidney issues, tumors, and hormonal imbalances. But I would rather call for a balanced approach to this, where people have the knowledge and freedom to choose what they eat understanding the implications of GMOs and the need for transparency in food production.” On his part, Mr Oluwaseyi Ifelaja, an agribusiness specialist, restated that the proliferation of GMO seeds was aimed at neo-colonisation of the developing countries. He exprsssed, “The discussion on GMOs should have been locked away since three decades ago because we have been having infiltration of into our food system for that long. We consider the crops and seeds as agents of colonisation tied to agric-led growth and food security. The thought of having GMO patented seeds as the order of the day should be vehemently opposed and critically looked into before we sign off our food security.” As the symposium concluded, its reverberations were felt far beyond the walls of the conference hall, sparking a renewed sense of purpose and commitment to forging a path towards a world where agriculture thrives in harmony with nature, nourishing both people and planet alike.

Sterling Bank has partnered with the School of Politics, Policy, and Governance, SPPG, to revolutionise credential verification through blockchain technology.

This collaboration marks a significant milestone in enhancing the efficiency, security, and accessibility of academic credentials in Nigeria.

Acknowledging the pressing need for an effective solution, Sterling Bank has taken the initiative to back the implementation of VX Technologies’ innovative blockchain-based digital certification program.

This initiative arose from the necessity for a transformative solution to address the difficulties faced by SPPG in managing and verifying academic credentials through paper-based systems.

“We are thrilled to partner with VX Technologies and SPPG to introduce this game-changing initiative,” said Obinna Ukachukwu, Chief Growth Officer Sterling Bank.

“We believe in the power of innovation to drive progress and transform lives at Sterling Bank. By supporting the adoption of blockchain technology in education, we are not only revolutionising credential verification but also advancing our H.E.A.R.T strategy for Education, which prioritises Access and Equity,” he added.

Sterling Bank’s investment in this pioneering project underscores its commitment to fostering innovation and driving positive change in Nigeria’s education sector.

By leveraging blockchain technology, graduates from SPPG will now have access to secure, tamper-proof digital certificates, ensuring the integrity and authenticity of their academic achievements.

As VX Technologies maintains its leadership position in integrating blockchain technology across diverse sectors, its collaboration with SPPG and Sterling Bank underscores the significant impact of blockchain technology on education and beyond.

“We are pleased to acknowledge the impactful generosity of Sterling Bank, who has provided the funding necessary for the initial phase of this project,”said Ryan Hawkos, Director of Operations, VX Technologies.

“This support ensures that thousands of SPPG alumni can access their digital certificates, with the first one thousand certificates being provided at no cost,” he maintained.

As Nigeria’s education landscape continues to evolve in the digital age, Sterling Bank remains committed to driving innovation and empowering the next generation of leaders.

Through strategic partnerships and groundbreaking initiatives like the blockchain-based digital certification project, Sterling Bank is leading the charge towards a future where access to education is seamless, secure, and equitable.

According to the Chief Executive Officer of SPPG, Alero Ayida-Otobo, “Sterling Bank’s commitment to quality and positive educational experiences for people is yet again demonstrated here in their commitment to supporting the adoption of innovative technology across the educational ecosystem.

“We are one of the first institutions in Nigeria to embrace blockchain for academic credential management, and we look forward to a near future where this is the norm across Nigeria.”

Renowned for its now famous H.E.A.R.T of Sterling strategy; which focuses on investments in Health, Education, Agriculture, Renewable Energy and Transportation; its irreverent brand voice and enviable talent management practices.