1st Edition of “Tech Your Passion” Series— A Short Recap

On October 18th at Leadspace Yaba — a coworking space helping entrepreneurs build sustainable businesses, the 1st edition of our “Tech Your Passion” Series in partnership with Union Bank of Nigeria took place. This is a short recap of everything that happened!
The event began with a welcome address by Edwin Ajogun, Program Director at Passion Incubator. Ed, as we like to call him, took time to share with the audience what Passion Incubator is all about and why we’re hosting the “Tech Your Passion” Series.
Ubong UmoEssien, a Business Planning Analyst with Tech Venture (of Union Bank, partners for the event) also took a few minutes to shed more light on why they’re partnering with the organizers, amongst other things.
Following an introduction by Ed, the first speaker, Peace Itimi, Head of Marketing at KoraPay was invited on stage. She spoke on the topic “Leveraging Social Media to increase your income”. According to her, these are the 4 ways one can increase one’s income leveraging social media:
- Sharing Knowledge — One way to do this is through creating online courses on platforms like Udemy, Skillshare, Skill Success, etc. Her formula for achieving this is Research-Plan-Create-Promote!
- Building a brand — Through Social Media Influencing or Content Creation. According to Peace, this takes time but it’s a great way to increase one’s authority and earn more. Another way is by building a brand through content creation.
- Selling something — With the advent of social media and DIY website building platforms, selling has become easier. Dropshipping and Instagram/Twitter Commerce are ways to achieve this. Things one can sell include books, gadgets, etc.
- Using one’s skill outside one’s 9–5 to earn more — One can become a freelancer with one’s 9–5 skill to earn even more. Freelance sites include UpWork, Fivver, etc.
The second speaker was Akintoye Akindele, Head of Treasury Sales at Union Bank. He took about 40 minutes to share investment opportunities in the Bank with the participants’. These opportunities include the following:
- Local Currency Deposit
- Foreign Currency Deposit
- Treasury Bills
- Bonds (types include FGN Bonds, Eurobonds, Corporate Bonds, etc)
- Commercial Paper
- Banker’s Acceptance
- Foreign Exchange (FX)
To learn more about these opportunities, click this link
The final speaker was Tega Edwin-Ajogun, who works at Wild Fusion as the Assistant Business Director/Marketing Strategist. She shared simple and lucrative investment opportunities for salary earners.
Before delving into what investment is, how it works and current investment platforms for salary earners, Tega mentioned investing would be nearly impossible without saving, which is putting money aside for emergencies or future purposes. Furthermore, she stated saving would be impossible without budgeting.
How do you budget? The 50 /20 / 30 budgeting rule can help. It basically means 50% of one’s salary should be set aside for Essentials, 20% for Savings and 30% for Personal matters. Tools that help with budgeting include Mint and Excel.
What is investment? According to Tega, investment is putting one’s money to work through the purchase of assets, stocks, etc with the expectation of getting more money in future.
What are the types of investments? Tega mentioned four types of investments salary earners can leverage. They are Mutual Funds, Real Estate, Farming (Traditional or Agritech) and Treasury Bills.
What are the current investment platforms? There are many options available to salary earners, however, the following were mentioned by Tega: Farmcrowdy, Money Market with a bank, CowryWise, RevolutionPlus (Real Estate) Treasury Bills and Side Business.
The event ended with a closing remark, photo sessions and lots of good food and drinks.
PS — “Tech Your Passion” Series will hold quarterly (last Friday in the quarter) and will cover several sectors such as Music and Fashion.
