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UNDP trains 200 youths, women in vocational skills, SMEs in Ekiti

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The UN Development Programme (UNDP) in its bid to complement government’s efforts of addressing insecurity and unemployment has trained 200 women and youth, victims of violence in different skills acquisition and empowerment in Ekiti.

The UNDP Governance, Peace and Security Team Lead, Mr Matthew Alao, said this at the closing of a two-week orientation programme for the beneficiaries, at National Youth Service Corps, (NYSC) Permanent Orientation Camp, Ise/Orun, Ekiti.

Alao said that the programme facilitated by the UNDP and its partner, the Norwegian government, would help in the prevention of crisis and resolution of conflicts.

The Team Lead said that the platform was aimed at transforming the lives of beneficiaries selected from all the 16 local government areas of Ekiti.

He said that after the orientation programme the participants would still go through a six-month skill acquisition programme in trades and skills of their choice.

According to him, this will help beneficiaries gain lifelong skills and enjoy support for the establishment of small-scale businesses with starter pack grants.

Alao said equipping women and youth with lifelong skills and empowering them would “make them economically viable to contribute meaningfully to the development of their communities, states and country.”

“I am enthused to say that this programme will positively impact on these women and youth and will make them become self-reliant at the completion of the six months acquisition programme,” he said.

According to him, the candidates will begin their six months skill acquisition programme in the first week of June at the Ekiti Board for Technical and Vocational Education, (ESBTVE) Centre in Ekiti.

Speaking, the Ekiti Commissioner for Budget and Economic Planning, Mr Femi Ajayi, appreciated the UNDP livelihood scheme, especially because of its impact on crisis prevention and conflict resolution.

Ajayi said that for any meaningful development to occur in any society, efforts must be intensified towards prevention of crisis and resolution of conflicts.

“Business thrives only in societies where peace avails. Nigeria in recent times is faced with a lot of crisis resulting in insecurity thereby being a clog in the wheel of the country’s development.

“You will also agree with me that the effects of these crises have greatly demanded accelerated needs for improved social protection to close the gaps created by the menace.

“And, also to build a sustainable conflict sensitivity mechanism for the prevention of conflict occurrence at all levels of government,” Ajayi said.

According to him, the enrollment of 200 women and youth victims of violent conflicts in different skill acquisition programmes of their choice in Ekiti is part of UNDP’s efforts to ensure that Ekiti is at peace, thereby engendering development.

“Ekiti Government, under the current administration led by Gov. Kayode Fayemi, is well disposed towards development partners among whom is the UNDP.

“Since this government came on board, there have been tremendous and fruitful partnerships with the development partners in the state.

“This government is also committed to creating an enabling environment for intervention of donor agencies towards improving the well-being of the people of  the state.

“Fayemi subscribed to the UNDP programme to promote peaceful coexistence in the state in a bid to making Ekiti indigenes live a life of dignity,” the commissioner added.

The Ekiti Coordinator, NYSC, Mrs Mary Chikezie, urged the participants to see the programme as life time opportunity which should not be handled with levity

She told them that their utilisation of the leadership skills impacted on them through the training would go a long way to help them live a desirable life.

Also speaking, the President of Mediation Training Institute, (MTI-Nigeria), Mr Segun Ogunyannwo, lauded the UNDP initiative which he described as the best option to address the myriad challenges in the country.

He urged the state governors to key into the scheme and replicate the same in their different states to address challenges of security and employment and enhance their efforts of developing and stabilising their states.

He said that such a programme would not only help in job creation and provision of employment opportunities, but would also promote peaceful coexistence in their states and make them live a life of dignity as well.

A participant, Hanna Adebanwo, was full of appreciation to the UNDP for creating the opportunity for the teaming youth and violence victims in the state to learn skills and become entrepreneurs.

Hannah, a graduate of College of Education said that she had been at home for the past five years searching for a job but could not get, adding that the skill and entrepreneur training acquired at the programme would make her start a new life.

Also, another participant, Joseph Oluwabanse, whose family was a victim of herdsmen attack, also thanked UNDP for the training

Joseph, who said he learnt fashion designing, which would be completed in the next six months, said that the knowledge acquired in programme would help stabilize his life after the herdsmen crisis in his village.

He pledged to make use of the skill to positively impact the lives of other youths in his community by encouraging and training them in fashion designing after graduation. (NAN)

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FG Rules Out Electricity Tariff Hike, Targets 24-Hour Power Supply

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The Federal Government has ruled out any plan to increase electricity tariffs, saying its priority is to improve power supply and ensure reliable electricity across the country.

The Minister of Power, Joseph Tegbe, gave the assurance in Ibadan, Oyo State, on Thursday, amid concerns and speculation about a possible increase in electricity tariffs.

Tegbe spoke during the groundbreaking ceremony for five interconnected mini-grid projects with a combined generation capacity of 17.7 megawatts and a 17.74-megawatt-hour Battery Energy Storage System (BESS).

“I want to say this clearly and without ambiguity: there is no plan to increase electricity tariffs. What we are planning is a power sector that works around the clock. Our commitment is 24/7 power,” the minister said.

He urged Nigerians to disregard reports suggesting an impending tariff hike, stressing that the government was focused on improving electricity generation, transmission and distribution.

The five mini-grid projects are located in Bola, Jiboye, Molade-Adelubi, Ogo Oluwa and Sooko-Elega. They are expected to provide electricity to communities across Akinyele, Ido, Ibadan North, Egbeda and Lagelu Local Government Areas of Oyo State.

According to the minister, the projects are designed to expand electricity access, reduce dependence on petrol and diesel-powered generators, and create a more favourable environment for businesses, investment and job creation.

Tegbe said the Federal Government was also implementing a broader energy strategy aimed at improving electricity supply through designated energy corridors, including the Lagos-Ogun, Abuja-Kaduna-Kano and Benin-Enugu-Port Harcourt corridors.

He added that efforts were underway to strengthen the national grid and upgrade generation and transmission infrastructure across the country’s eastern, western and central corridors.

The minister described the mini-grid initiative as part of President Bola Tinubu’s Renewed Hope Agenda, noting that similar electricity interventions had been implemented in communities across several states with support from the Rural Electrification Agency (REA).

He commended Tinubu for his leadership and acknowledged the contributions of the REA, project developer Paras Energy and Natural Resources Development Limited, the World Bank and the Ibadan Electricity Distribution Company.

Tegbe also recognised the Oyo State Government, traditional rulers and other stakeholders for their roles in facilitating the projects.

The initiative is expected to improve electricity reliability in the beneficiary communities, support local economic activities and reduce energy costs for households and businesses.

 

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Oyedele Warns Against New Taxes, Urges Governments to Explore Revenue Alternatives

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President Bola Ahmed Tinubu
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Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has cautioned governments against imposing new taxes or increasing the tax burden on vulnerable citizens and productive sectors amid economic pressures.

Oyedele spoke on the sidelines of the 2026 annual meetings of the International Monetary Fund (IMF) and the World Bank in Bangkok, Thailand, where he presented the communiqué of the Intergovernmental Group of Twenty-Four (G24), which he chairs.

The minister said governments should prioritise identifying areas of savings, improving revenue mobilisation and strengthening fiscal management rather than introducing additional tax burdens that could further strain households and businesses.

“This is the wrong time to impose new taxes or increase the burden of tax, particularly on the vulnerable population and productive sectors of the economy,” he said.

Oyedele made the remarks while responding to questions on how developing countries could reduce debt-servicing costs without cutting essential public expenditure.

He urged governments to look inward for savings and explore more efficient ways of generating revenue while protecting vulnerable populations from further financial pressure.

On public borrowing, the minister said debt financing remained necessary to support economic growth but stressed that borrowed funds should be deployed to stimulate job creation and promote inclusive development.

He noted that governments should prioritise limited public resources for essential services, including healthcare and education, while leveraging private capital to support other investment needs.

Oyedele also cautioned against treating taxation and borrowing as mutually exclusive options, explaining that both have economic implications and must be carefully balanced.

According to him, excessive taxation of vulnerable households could reduce their capacity to afford basic necessities, including food, healthcare and education.

He described public debt as a future tax burden, emphasising the need for governments to adopt fiscal policies that balance present revenue needs with long-term economic sustainability.

“Debt is future taxes, so it’s not one or the other. It’s to strike a balance, bearing in mind ultimately that the essence of tax and of debts is to cater for the people,” he said.

The minister’s remarks underscore the need for developing economies to strengthen domestic revenue mobilisation, improve public spending efficiency and manage debt sustainably without undermining household welfare or productive economic activities.

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Over 67,000 Nigerians Benefit From Consumer Credit Scheme — Tinubu

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President Bola Ahmed Tinubu
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President Bola Tinubu has said that 67,512 Nigerians across 25 states and the Federal Capital Territory (FCT) have so far benefited from credit backed by the National Credit Guarantee Company (NCGC).

Tinubu disclosed this on Monday in a series of posts on his official X account as Nigeria prepares to celebrate its 66th Independence Day.

According to the President, the NCGC has issued ₦21.59 billion in guarantees, enabling participating financial institutions to provide ₦46.95 billion in loans.

He said 11,374 of the beneficiaries are women, while 33.5 per cent are first-time formal borrowers.

Tinubu noted that more than 22,000 Nigerians had entered the formal credit system for the first time through the scheme, giving them an opportunity to build credit records that could improve their access to future loans.

The consumer credit scheme was launched in July 2026 by the Nigerian Consumer Credit Corporation (CREDICORP), in partnership with the Federal Ministry of Communications, Innovation and Digital Economy.

The President said the initiative was part of his campaign promise to move Nigeria towards a credit-based economy and make financing more accessible to individuals and businesses.

He said CREDICORP enables working Nigerians to access consumer credit, while the National Education Loan Fund (NELFUND), Bank of Industry and Development Bank of Nigeria provide financing in other sectors.

Tinubu explained that the NCGC was established to reduce the risks faced by financial institutions when lending to businesses and individuals without sufficient collateral or credit history.

He said the company currently works with 19 financial institutions, comprising 13 commercial banks, three microfinance banks and three development finance institutions.

The President added that businesses supported through the NCGC scheme were estimated to have created 661,291 direct and indirect jobs.

He said the impact of the scheme showed how government reforms could translate into economic opportunities for Nigerians.

“Our reforms laid the foundation. Credit gives Nigerians the means to build on it,” Tinubu said, adding that the Federal Government would continue to expand access to credit across the country.

He described the development as evidence of his administration’s efforts to fulfil its campaign promises, saying, “Promise made, promise kept. We are moving from reforms to opportunities. Nigeria First.”

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