Entrepreneurship
Nigerian government virtually inaugurates seven digital economy projects in five zones
The Federal Government on Friday in Abuja virtually inaugurated seven Information Technology (IT) projects located in five geo-political zones of the country. The Minister of Communications and Digital Economy, Dr Isa Pantami, said at the event that they were part of efforts to consolidate on implementing the National Digital Economy Policy and Strategy (NDEPS). Pantami said that the projects were in line with President Muhammadu Buhari’s key agenda, which included economic development, security and fight against corruption. Newsmen report that the projects were actualised by parastatal agencies under the Ministry of Communications and Digital Economy. The projects commissioned included a Community ICT Centre in Dutse, Jigawa, for North West; an IT Hub at Abubakar Tafawa Balewa University,...
Kwara governor appoints 24-year-old as SSA on youth engagement
Gov. AbdulRahman AbdulRazaq of Kwara has appointed 24-year-old Kaosarah Adeyi as his Senior Special Assistant on Youth Engagement. Malam Rafiu Ajakaye, Chief Press Secretary (CPS) to the Governor, said this in a statement in Ilorin on Tuesday. Similarly, the governor has appointed Hajia Fatima Audu as Special Adviser on Women Affairs. Adeyi, an author who is renowned for her extensive reach within the youth constituency, is a graduate of the University of Ilorin where she is a mentor for the varsity’s empowerment beneficiaries. A youth entrepreneur, her roles entail sharing practical examples with mentees, giving mentorship on entrepreneurship and advising on how to manage school activities with their business goal-setting, planning and implementation. According to the statement, the mille...
#EndSARS: Lagos assembly committee commends council chairmen’s resilience
Member of the Lagos State House of Assembly, Mr AdbulSobur Olawale, has commended the Executive Chairman of Ajeromi Local Government, LG, Mr. Fatai Ayoola, management and staff members for the resilience to rebuild the Secretariat that was destroyed during the aftermath of the ENDSARS protest. Olawale, who is also the Chairman of, House Committee on Local Government and Community Relations, disclosed that the Secretariat was among those government facilities that were destroyed by hoodlums during the aftermath of the ENDSARS protest. In the same view, the lawmaker applauded Council Chairman of Ifelodun Local Council Development Area, LCDA, Mr Shaibu Ajidagba for building the legislative chamber during his tenure in office. Speaking with journalists, after the oversight function to both Aje...
US hails Nigerian women for advancing global development
In commemoration of the 2021 Women’s History Month, the U.S. Embassy’s public affairs chief Aruna Amirthanayagam has acknowledged the importance of women in the leadership and economic growth of every country. Women’s History Month is celebrated during March in the U.S., the United Kingdom, and Australia, to mark the contributions of women to society. Mr. Amirthanayagam, in his opening remark at an event with the acting Vice-Chancellor of the University of Port Harcourt, Stephen Okodudu, and the Rivers State chapter of the United States Government Exchange Alumni Association (USGEAA), said the non-inclusion of women in science advancements would lead to an unsustainable economy, a statement seen by newsmen read. “The U.S. Mission in Nigeria recognises the importance of women’s inclusion fo...
Ex-VP Namadi Sambo advocates shift in Nigerian educational system
Reuters Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others. Sambo made the call in his goodwill message at the 22nd Matriculation of Igbinedion University, Okada, on Saturday in Edo. The former vice president noted that it was the best time for the country to refocus from one size-fits-all approach that creates employees that are not fit for complex jobs. According to him, Nigerian universities must refocus on building of graduates that will create and end poverty among the people and ultimately close the wide social inequality and promote social coefficient in the communities. “As a nation, we must focus our educational system to o...
Ekiti moves to reposition MSMEs for economic growth
Ekiti State Government has expressed its determination to enhance the growth of Micro, Small and Medium Enterprises (MSMEs) to boost economic prosperity of the state. The government had before now reconstituted a 22-member Council to address the myriad of challenges confronting MSMEs in Ekiti , with intention to upscale industrial growth and development . The Commissioner for Investment, Trade and Industry, Mr Muyiwa Olumilua, stated this during a one-day sensitisation workshop with the theme: “Making Economy A Private Driven Economy” held in Ado Ekiti. He said the state government will partner federal government and corporate agencies to facilitate opportunities for business owners in the state. Olumilua at the event, which brought together medium and small scale business owners from acro...
Kogi Assembly passes 2021 budget estimate of N130.54 billion into law
The Kogi House of Assembly on Tuesday passed the N130.54 billion Appropriation Bill tagged “Budget of Accelerated Recovery” into law. Newsmen report that the House considered the bill Clause-by-Clause at the “Committee of the Whole” of the House at plenary in Lokoja. Aderonke Aro (APC-Yagba West) and Chairman, House Committee on Finance, Budget Monitoring and Economic Planning, presented the committee’s report for consideration. Aro declared that Ministries, Departments and Agencies (MDAs) with genuine reasons for adjustments in their allocations were taken care of during the defence of their respective budgets. In the budget presented to the House on Dec. 1, Gov. Yahaya Bello of Kogi had said that the budget was indicative of the assessment of the amount the state could generate on its ow...
Federal government launches portal for exited N-Power beneficiaries to apply for central bank empowerment options
The federal government has launched a portal for exited N-Power beneficiaries to apply for Central Bank of Nigeria, CBN, empowerment options. Ministry of Humanitarian Affairs, Disaster Management and Social Development, which announced the launch of the portal in a statement, explained that the platform was developed in collaboration with the CBN. The platform, according to the statement released, Friday, by Nneka Anibeze, Special Assistant to the Minister, Sadiya Umar Farouq,” will enable exited N-Power beneficiaries to log on and apply for the various economic, empowerment and entrepreneurship options provided by the CBN.” In the statement signed by the Permanent Secretary of the ministry, Bashir Nura Alkali, the Minister Sadiya Umar Farouq urged and encouraged interested exited benefici...
Nigeria ratifies membership of AfCFTA
The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...
Governor Okowa begs Nigerian government to revive Warri port in order to decongest Lagos
Delta Governor Ifeanyi Okowa, has called on the federal government to quickly resuscitate the Warri port, in order to curb unemployment in the state. The governor made the call at a town hall meeting with youths, including #ENDSARS protesters, civil society groups, students, social groups, community leaders and stakeholders across Delta South and Delta Central Senatorial Districts in Warri this week. He said that with the congestion of the ports in Lagos, the federal government should revive Warri port and other seaports in Delta State to boost the nation’s economy and create employment for the youths. He stated that the rate of unemployment in Nigeria is very high, and that checking unemployment is not just about employing people into public service. Okowa disclosed that to tackle the une...
Adamawa governor urges prayers to end insurgency, kidnapping, coronavirus
Gov. Ahmadu Fintiri of Adamawa on Sunday appealed to religious leaders to intensify prayers to end insurgency, kidnapping and COVID-19 pandemic. Fintiri made the appeal at the inauguration of new executive officers of Zawiyyatu Dariqatit Tijjaniyat Foundation of Nigeria, Adamawa branch in Yola. The governor, represented by his Special Adviser on Special Duties, Alhaji Bamanga Nuhu, said kidnapping, insurgency and the pandemic were among major challenges slowing the nation’s development. Fintiri expressed readiness to support religious bodies to ensure peaceful coexistence among faithful in the state. He congratulated the new executive officers and urged them to contribute their time and experience for the success of the Foundation. The governor advised members of the Foundation to embrace ...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...