General
NCDMB, FI to Launch Portfolio Companies to Support Energy Startups
By Adedapo Adesanya
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Founder Institute (FI), is set to launch 17 new portfolio companies that have passed through the board’s Technology Incubation and Innovation Centre (TIIC).
This move is part of its mandate to catalyze research and development and support energy startups.
The launch of the companies will hold on Thursday, August 24, 2023, at the Nigerian Content Tower, Oxbow Lake Road, Yenagoa, Bayelsa State. It will have in attendance international and local venture capitalists, investors, and product development subject matter experts who might be interested in investing or partnering with the new portfolio companies.
In a statement, the board said key highlights of the event will be the pitching by the founders of their business ideas, with the hope of eliciting the interest of investors.
“The launch of the new portfolio companies is a major milestone of the board’s R&D strategy anchored on the commercialization of research and innovation.
“The exposure given to the Founders is anchored on a well-tested NCDMB product development framework, which includes product validation, prototype development, field trial, business development, and product deployment.
“The mission of both NCDMB and FI is to empower Nigerian startups and entrepreneurs to innovate and scale up their minimum viable products,” the statement said.
Speaking on the initiative, the Executive Secretary NCDMB, Mr Simbi Wabote, explained that the board deploys an end-to-end strategy in its projects and does not relent until ideas that it supports are fully deployed, commercialised and begin to solve societal problems.
He noted that some of the solutions proposed by the founders will impact key sectors of the economy beyond the oil and gas sector.
“These are innovative solutions to everyday problems that we face in the country. Nigerian youths are innovative and creative. They are looking for a platform they can get, and NCDMB will be that platform,” he added.
Speaking ahead of the launch, the Director of Planning, Research and Development at NCDMB, Mr Abdulmalik Halilu, explained that Founder Institute was engaged by the agency in December 2022 as a partner in product development. The programme started with 54 incubates.
He further hinted that the collaboration leveraged the institute’s globally recognized accelerator programme that saw the 54 incubates transiting from idea to business development.
He noted that as part of the programme, the founders underwent mentoring, concept development, and patenting processes, and some of them are currently developing prototypes of their various innovations.
At the end of the seven months of intense tutelage, 17 of the incubates completed the business case development phase and are now positioned to establish startup companies and attract investors.
He stated that the incubation process will continue after the launch and will include validation, a startup process, and assuring that the Board will handhold the companies until their minimum viable products are introduced in the market and become successful.
The 17 incubates represent a spectrum of fields in the energy sector and data management, including renewable energy, geological and geophysical, local materials substitution, health, safety, & environmental, and engineering. Other areas are technology development, pipeline monitoring systems, and Artificial Intelligence (AI).
The structured accelerator and the NCDMB incubation programmes have guided incubates to master the art of pitching, understanding market dynamics and customer insights, practical, and mentorship. The accelerator programme also equipped participants to navigate the entrepreneurial landscape effectively.
The impending showcase of the 17 incubates bears immense significance for Nigeria’s economic trajectory.
“By nurturing these talents, NCDMB is not only fostering job creation but also cultivating a pool of capable individuals poised to drive growth across various industries. The programme also ignites an entrepreneurial and innovative culture, with the potential to propel technological innovation and effect positive social change.”
General
Nigerian Bottling Company Bridges Education, Employability Gap
By Modupe Gbadeyanka
The Nigerian Bottling Company (NBC) has reaffirmed its determination to bridge the gap between education and employability in the country by sustaining its flagship Youth Empowered (YE) programme.
This initiative provides hands-on learning, real-world insights, and access to career-shaping opportunities to young Nigerians.
The 2026 edition of the scheme commenced on February 2 at the University of Lagos (UNILAG), with participants mainly young people between the ages of 16 and 35.
A statement from the organisation said this year’s rollout will expand to more tertiary institutions, including the Federal University of Technology, Akure (FUTA). This follows a successful 2025 tour that reached seven cities across the country, including Makurdi, Jos, Benin, Kaduna, Asaba, Akure, and Port Harcourt.
Participants in the 2026 programme will receive training across key modules designed to support personal, professional, and business growth, including Business Life Skills, Adaptability and Resilience, Financial Literacy, Customer Service and Communication, Sales and Negotiation Skills, and Workplace Ethics.
The sessions will also feature breakout workshops on Business Planning, Project Management, and Time Management, alongside the Director’s Grant Pitch Competition, where participants can pitch their ideas for a chance to win business funding.
In addition to skills development, NBC’s People and Culture team will be present throughout the programme to identify outstanding talent for future opportunities within the organisation, further strengthening the connection between learning, employment, and long-term career growth.
One of the participants at the UNILAG training, Waliat Adedogun, who received a cash grant through the Director’s Grant Pitch Competition to support her small business, said: “Youth Empowered gave me more than training; it gave me clarity and confidence. Winning the grant means I can finally take my business idea from a dream into something real. I now feel prepared to build, grow, and create opportunities not just for myself, but for others too.”
Since its launch in 2017, the scheme has impacted more than 70,000 young Nigerians, equipping participants with practical skills, confidence, and exposure needed to succeed in today’s dynamic workplace and entrepreneurial landscape.
This year’s programme is being delivered in collaboration with Fate Foundation as the implementing partner, with funding support from The Coca-Cola HBC Foundation.
Last year, 10 beneficiaries were selected for six-month paid internships across NBC locations in Lagos, Ibadan, Asejire, and Challawa, gaining direct industry exposure.
Additionally, three outstanding participants received sponsorship for an all-expenses-paid intensive culinary training programme and were awarded N1 million each to support the launch of their businesses.
General
INEC Fixes February 20 for 2027 Presidential, NASS Elections
By Modupe Gbadeyanka
The 2027 presidential and National Assembly elections will take place on Saturday, February 20, the Independent National Electoral Commission (INEC) has revealed.
In a notice for the 2027 general polls issued on Friday, the electoral umpire also disclosed that the governorship and state assembly elections for next year would be on Saturday, March 6.
Speaking at a news briefing in Abuja today, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year, which is 12 months away.
The timetable issued by the organisation for the polls comes when the federal parliament has yet to transmit the amended electoral bill to President Bola Tinubu for assent.
This week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.
Recall that on February 4, INEC said it was ready to go ahead with preparations for the elections despite the delay in the passage of the amended electoral law of 2022.
General
NGIC Pipeline Network to Experience 4-Day Gas Supply Shortage
By Modupe Gbadeyanka
The pipeline network of the NNPC Gas Infrastructure Company Limited (NGIC) will witness a temporary reduction in gas supply for four days.
This information was revealed by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Andy Odeh, in a statement on Thursday night.
A key supplier of gas into the NGIC pipeline network is Seplat Energy Plc, a joint venture partner of the state-owned oil agency.
It was disclosed that the facility would undergo routine maintenance from Thursday. February 12 to Sunday, February 15, 2026.
The NNPC stated that, “This planned activity forms part of standard industry safety and asset integrity protocols designed to ensure the continued reliability, efficiency, and safe operation of critical gas infrastructure.”
“Periodic maintenance of this nature is essential to sustain optimal system performance, strengthen operational resilience, and minimise the risk of unplanned outages,” it added.
“During the four-day maintenance period, there will be a temporary reduction in gas supply into the NGIC pipeline network. As a result, some power generation companies reliant on this supply may experience reduced gas availability, which could modestly impact electricity generation levels within the timeframe.
“NNPC Ltd and Seplat Energy are working closely to ensure that the maintenance is executed safely and completed as scheduled. In parallel, NNPC Gas Marketing Limited (NGML) is engaging alternative gas suppliers to mitigate anticipated supply gaps and maintain stability across the network,” the statement further said.
“Upon completion of the maintenance exercise, full gas supply into the NGIC system is expected to resume promptly, enabling affected power generation companies to return to normal operations,” it concluded.
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