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LSETF HAS SUPPORTED OVER 40,000 STARTUPS WITH ACCESS TO FINANCE – SANWO-OLU
Published
5 years agoon
By
News Editor
LSETF HAS SUPPORTED OVER 40,000 STARTUPS WITH ACCESS TO FINANCE – SANWO-OLU
…Says Tech Firms Have Received Millions Of Grants From State Science And Research Council
…As First Lady Hosts First Lagos Inter-Youth Collaboration
Lagos State Governor, Mr Babajide Sanwo-Olu on Tuesday disclosed that the Lagos State Employment Trust Fund (LSETF) has so far supported over 40,000 startups with access to finance which in turn has created jobs and contributed to the bid to ensure an enabling environment for businesses, especially budding entrepreneurs to thrive.
The Governor spoke at the maiden edition of the Lagos Inter-Youth Collaboration organized by the Office of the First Lady of Lagos State, held at LTV Blue Roof, Agidingbi, Ikeja, with the theme: “Youths and Moral Values in an Evolving Society: Challenges and Recommendations.”
The programme, according to a statement signed by the Assistant Director, Public Affairs, Office of the Lagos State First Lady, Mrs Olubukonla Nwonah, was designed to expose over 1,000 participants drawn from 100 youth groups both from formal and informal sectors as well as paramilitary institutions across the state to the various intervention programmes of the state government specifically targeted at the youth.
Mr Governor said: “The LSETF is also here. If my calculation is not wrong, they have intervened in over 40,000 start-ups. They have given some people soft loans; they have given some people grants directly; they have given other businesses development plans so that they can indeed develop their businesses to full fruition.
“They have been on for a couple of years and every year, they are doing lots and lots of great things. The programmes are available irrespective of who you are, where you are from or who you know, as long as you are a resident of Lagos.”
The Governor, who also spoke on activities of the Lagos State Science and Research Council, said in the last two years, grants worth millions of naira have been given to various tech firms through the council to support them to grow and build on their innovations.
“The council, headed by the VC of UNILAG, reviews a lot of tech start-up businesses that we have and once they see some of them, they pass them; they give them grants. In the last two years, they have given grants of N10million, N20million, N5million, and N2million to different categories of individuals.
“Our youth need to take advantage of these programmes. See how you can partake and how you can be part of it because it is published everywhere before they get entries. We have been doing it for the past two years and there is another one coming before the end of the year again,” Sanwo-Olu said.
He commended the Office of the First Lady for putting the programme together, saying it would go a long way to build conversations around various initiatives of the government for young people.
In her opening remarks, the First Lady, Dr Ibijoke Sanwo-Olu said the Inter-Youth Collaboration was aimed at sensitizing youths on the inculcation of moral values which were gradually being eroded in today’s society, as well as how they can take advantage of intervention programmes of government for the youth.
“Our objectives, among others, are to encourage youth participation in Nation-building, create awareness on civic rights and responsibilities, provide access to opportunities profitable for youths, enlightenment of the youths about the activities of the state government, and re-orientation,” she said.
At the programme, key government MDAs including Ministries of Agriculture, Education, Finance, Wealth Creation and Employment, Youth and Social Development, Science and Technology, Health Management Agency, and Office of Sustainable Development Goals and Investment were on hand to educate participants on programmes of government including Bursaries and scholarship opportunities, low-interest loan packages of the Lagos State Employment Trust Fund, innovation funds, among others.
Representatives of the Independent National Electoral Commission (INEC) were equally on ground to enlighten participants on how to participate in the voting process, while various prizes including laptops, phones, cash rewards and other gift items were won through raffle draws personally supervised by Mr Governor and the First Lady.
The highpoint of the programme was special appearances by Nigerian star actress and producer, Funke Akindele-Bello (Jenifer); as well as hip hop musicians – Humblesmith and CDQ.
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43 Feared Dead as Illegal Fuel Siphoning Turns Fatal in Rivers Community
Published
5 days agoon
September 3, 2026By
News Editor
OKRIKA, Rivers — What began as an overnight attempt by hundreds of youths to siphon petroleum products from an illegal pipeline connection has ended in tragedy, with at least 43 people feared dead in Okrika Local Government Area of Rivers State.
The incident occurred around midnight on Thursday at Okari Jetty in Okrika Mainland, leaving families searching for loved ones and the community grappling with the scale of the disaster.
Community sources said more than 200 youths from neighbouring communities arrived at the jetty in wooden boats and attempted to collect petroleum products from an illegally connected tapping point on a pipeline linked to the facility.
The operation reportedly turned deadly after the youths were exposed to concentrated fumes while loading the product into waiting boats.
Several people reportedly lost consciousness. Some fell into the river and drowned, while others managed to escape and are receiving treatment for respiratory complications.
Of the 43 people reportedly dead, 37 have been identified as indigenes of Okrika, while six others remain unidentified. Several people are also still unaccounted for.
The incident has left relatives and community members facing the painful task of searching for missing family members and identifying those who died.
Blessing Agabe, spokesperson for the Rivers State Police Command, confirmed the incident and said investigations were underway to determine the circumstances surrounding the deaths and establish the actual number of casualties.
Fyneface Fyneface, Executive Director of the Youths and Environmental Advocacy Centre (YEAC-Nigeria), said the victims were allegedly involved in an illegal operation at a tapping point on a pipeline transporting petroleum products from the Indorama Eleme Petrochemicals area through the Port Harcourt refinery corridor to export vessels.
According to him, the victims were loading the product into waiting boats while a vessel was receiving supplies from the pipeline.
Fyneface described the incident as a major warning about the dangers associated with tampering with oil and gas infrastructure and illegal bunkering activities in the Niger Delta.
YEAC-Nigeria has called on the National Oil Spill Detection and Response Agency (NOSDRA) to conduct a joint investigation into the incident and determine what led to the deaths.
The organisation also urged operators of oil and gas facilities to strengthen security around critical infrastructure to prevent vandalism and unauthorised access.
Beyond the immediate investigation, Fyneface called for stronger measures to reduce the economic pressures that drive young people into dangerous activities, including the creation of alternative livelihood opportunities, industrial development programmes and other sustainable economic initiatives across the Niger Delta.
For families in Okrika, however, the immediate concern is more personal: finding missing relatives, identifying the dead and coming to terms with a tragedy that has claimed dozens of lives in a single night.
News
Uber Exits Nigeria After 12 Years, Cites Changing Business Priorities
Published
6 days agoon
September 2, 2026
Global ride-hailing giant Uber has ended its ride-hailing operations in Nigeria, bringing its 12-year presence in the country to a close.
Uber announced the decision on Wednesday, September 2, 2026, saying it would wind down its operations in Nigeria following a review of its business priorities and investment focus across Africa.
The company, which launched its service in Lagos in 2014, said the decision takes effect immediately.
“After a thorough review, we have taken the difficult decision to wind down operations in Nigeria and Uganda, effective September 2, 2026,” Uber said in a statement.
Uber stressed that the decision is limited to Nigeria and Uganda and does not represent a withdrawal from the wider African market.
The company said it remains committed to Sub-Saharan Africa, which it described as a region with strong growth prospects and long-term opportunities.
Why Uber is leaving Nigeria
Uber attributed its Nigerian exit to its “evolving business priorities and investment focus across the continent.”
The company said it was concentrating investments on markets where it could create the greatest value for drivers by providing earning opportunities at scale while allowing passengers to move around seamlessly.
Uber did not cite regulatory difficulties in Nigeria as the reason for its withdrawal.
The company also specifically denied that its decision was linked to a recent directive by the Federal Airports Authority of Nigeria (FAAN) concerning e-hailing operations at Nigerian airports.
“No,” Uber said when asked whether the FAAN directive was responsible for its decision.
FAAN had recently clarified that it had not imposed a blanket ban on e-hailing services at Nigerian airports, explaining that discussions with operators were focused on establishing an appropriate framework for their operations within airport premises.
Drivers, riders affected
Uber said its immediate priority is supporting drivers, riders and employees affected by the shutdown.
The company said it is communicating directly with affected stakeholders about the implications of the decision and arrangements for the transition.
Uber has operated in Nigeria for more than a decade, expanding beyond Lagos to several cities, including Abuja, Port Harcourt, Ibadan, Enugu, Kano and other major urban centres.
Its departure is expected to reshape Nigeria’s increasingly competitive ride-hailing market, where operators compete for passengers and drivers amid rising operating costs and evolving regulatory requirements.
End of an era
Uber’s exit marks the end of a significant chapter in Nigeria’s digital transport industry.
The company helped popularise app-based ride-hailing in the country after launching in Lagos in 2014, offering passengers an alternative to conventional taxi services and creating new earning opportunities for thousands of drivers.
Its withdrawal also comes at a time when ride-hailing companies across Africa are reassessing their operations and investment strategies.
Uber previously withdrew from Côte d’Ivoire in 2025 and ended operations in Tanzania in January 2026, reflecting the challenges global mobility platforms can face in adapting their business models to individual African markets.
For Nigerian passengers and drivers, however, the immediate question is what Uber’s departure will mean for competition, fares, driver earnings and service availability.
While Uber is leaving Nigeria, the company maintains that its broader commitment to Sub-Saharan Africa remains intact.
The exit therefore represents a strategic withdrawal from the Nigerian market rather than a retreat from Africa, according to the company.
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Kogi Information Perm Sec Pledges Support for NUJ Chapel, Urges Journalists to Uphold Trust
Published
6 days agoon
September 2, 2026
The newly appointed Permanent Secretary, Kogi State Ministry of Information and Communications, Mr. Awulu Tijani David, has pledged his full support to information officers in the state, stressing that effective information management remains critical to the success of government and its policies.
Awulu Tijani made the commitment on Wednesday, September 2, 2026, when the leadership of the Nigerian Union of Journalists (NUJ), State Information Chapel, led by its Chairman, Mr. Solomon Musa, paid him a courtesy visit at his office in Lokoja to formally introduce the newly elected executives of the chapel.
The Permanent Secretary, who described the position of leadership as a privilege and a responsibility entrusted to individuals by the people, urged the new NUJ Information Chapel leadership to justify the confidence reposed in them by members.
He advised the executives to remain accountable, trustworthy and committed to the welfare and professional advancement of members, noting that records of every person entrusted with responsibility would eventually speak for them.
“People trusted and elected you. It is my prayer that you succeed better than those who have been there before you,” he said, while assuring the chapel of his willingness to work with the new leadership for the advancement of the information profession in Kogi State.
Awulu particularly emphasised the strategic importance of information officers to government, describing them as the “eyes” of the Ministry of Information and Communications and key players in communicating government policies, programmes and achievements to the public.
According to him, the success of the ministry is closely tied to the effectiveness of its information officers, stressing that the leadership of the ministry must provide the necessary support and working environment for them to perform optimally.
“If the Ministry of Information does not do whatever it will take to make the information officers work well, then what are we here for? You are the eyes of the Ministry of Information. Without you, the ministry cannot do anything,” he stated.
The Permanent Secretary also encouraged the chapel leadership to always communicate its needs and challenges to his office, assuring them that issues within his capacity would receive prompt attention, while matters requiring higher-level intervention would be referred appropriately.
He said his door would remain open to members of the chapel, describing the ministry as their own home and urging them not to hesitate to approach him whenever they required his intervention.
“This is your office; it is your home. Whenever you need the office to intervene, call on me. I don’t know everything that you do, and I am not a journalist; I am an administrator. That is why I need people to advise me,” he said.
Awulu further noted that his appointment as Permanent Secretary should be seen as a privilege rather than a position that places him above others, stressing that any member of the service could attain similar responsibility in the future.
He also commended the Chairman of the NUJ Information Chapel, Mr. Solomon Musa, whom he described as a humble and experienced professional who understands the demands of the information business.
He assured the chapel that he would support programmes that would contribute to the professional development and welfare of information officers, urging the leadership to formally present its proposals for consideration.
Earlier, the Chairman of the NUJ State Information Chapel, Mr. Solomon Musa, said the visit was aimed at formally introducing the newly elected executives to the Permanent Secretary as the Chief Accounting Officer of the Ministry and to seek his support and that of the ministry for the chapel’s activities.
Musa introduced the new executives, including the Vice Chairman, Mrs. Olajumoke Ajani, a State Information Officer with the Ministry of Local Government and Chieftaincy Affairs; Secretary, Miss Gloria Amodu, State Information Officer with the Ministry of Works; Treasurer, Mr. Salau Ibrahim of SEMA; Financial Secretary, Mrs. Mariam Tenimu, State Information Officer with the Ministry of Environment; and Auditor, Mr. Abah Benjamin Eneojoh Treasure, State Information Officer at Government House.
He said the new leadership had come into office with a commitment to strengthen unity, professional development and collaboration among information officers across ministries, departments and agencies.
Musa also appealed for the ministry’s continued support for the chapel’s annual professional and social programme, which brings together serving and retired information officers, including former Permanent Secretaries and Directors who had served in the information sector.
He recalled that the inaugural edition of the programme held last year provided an opportunity for retired senior officers to share their experiences with younger information officers, describing the engagement as an avenue for knowledge transfer and mentorship.
According to him, the chapel intends to make this year’s edition bigger and more impactful, with plans to incorporate activities including a visit to an orphanage, sporting activities and professional lectures designed to strengthen the capacity of members.
He also sought the support of the ministry for the enrolment of chapel members into the Nigerian Institute of Public Relations (NIPR), noting that the proposal had previously been discussed with the relevant authorities.
The chapel’s Auditor, Mr. Abah Benjamin Eneojoh, further appealed to the Permanent Secretary to accept the role of a fatherly figure and strategic partner to the chapel, stressing that the support of the ministry’s leadership would be critical to the success of its programmes.
Eneojoh emphasised the need for government to continue strengthening State Public Relations Officers and other information professionals, noting that adequately supported information officers would be better positioned to effectively communicate government policies and achievements to the people.
He commended the Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, for what he described as his consistent support for the activities of the chapel and his commitment to the rebranding and repositioning of Kogi State through effective communication.
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