Business
5 important life skills every youth needs to make it in today’s world
Currently, global youth unemployment stands at a shocking 75 million, and that number is still increasing.
In this fast-paced and ever-changing world, young people must equip themselves with the right set of skills to navigate the challenges and seize opportunities that come their way.
By actively developing these skills through practice, learning opportunities, and real-world experiences, young people can position themselves for success.
In honour of World Youth Skills Day, here are five important skills that young people must prioritise to make it in today’s world:
Digital literacy
Our world is now a digital village which means, being digitally literate is not just a bonus, but a necessity. Every young person must be able to use and navigate digital technologies proficiently and responsibly.
Prioritising digital literacy is not only beneficial for your personal growth but also for your professional success.
To boost your digital literacy, start by acquiring basic computer skills, such as using word processing software, spreadsheets, and presentation tools.
Also, staying updated with the latest digital trends is vital. As a young person preparing for the workforce, being knowledgeable about new technologies will make you an attractive candidate to future employers.
Entrepreneurial spirit
Young people must embrace an entrepreneurial mindset, regardless of their career path. Having an entrepreneurial spirit means being proactive, resourceful, and willing to take calculated risks. It involves seeking opportunities for growth, embracing challenges, and constantly looking for ways to add value.
Develop this by embracing a continuous learning mindset. Stay updated, attend workshops or conferences, and engage in professional development activities that align with your interests and goals.
You must understand that an entrepreneurial mindset is not confined to starting a business or learning a trade, it is a mindset that empowers you to thrive in any setting.
Emotional intelligence
Emotional intelligence is the ability to manage your own emotions effectively and understand the emotions of others. It includes qualities such as empathy, self-awareness, and the ability to work through relationships with finesse.
To develop this skill, start by practising self-reflection. Take time to understand your own emotions, triggers, and patterns of behaviour. By becoming self-aware, you can better regulate your emotions, make more informed decisions, and respond thoughtfully in various situations.
Empathy is an important aspect of emotional intelligence. It involves actively listening to others, seeking to understand their perspectives, and showing genuine care and concern. Practice putting yourself in someone else’s shoes, suspending judgment, and validating their experiences.
Prioritise healthy relationships as a means of developing emotional intelligence. Invest time and effort in building positive connections with others. Communicate openly, express your needs and boundaries, and really listen to the thoughts and feelings of those around you.
Adaptability
The ability to adapt to change is a recipe for success, as it involves embracing new situations, adjusting to different environments, and being open to continuous learning and personal growth.
To adapt this skill, start by cultivating a growth mindset. This is an attitude that embraces challenges, sees failures as opportunities for learning, and believes in personal development.
Embrace change as an inevitable part of life and approach it with optimism. Do not be afraid to step out of your comfort zone.
Financial literacy
This skill is one of the most important as it guides you to make informed decisions for your financial well-being.
Adapting key financial strategies such as budgeting, saving, investing, and managing debt would give you a solid foundation for a secure future. Practice disciplined spending, differentiate between needs and wants, and prioritise saving for the future.
Note that financial literacy is a lifelong journey. To learn more about this skill, seek out resources and educational opportunities. Take advantage of online courses, workshops, or seminars that focus on personal finance.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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