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ASBON Partners Jiji to Promote 50 Women-led Businesses

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Jiji ASBON

By Modupe Gbadeyanka

Over 50 women will have their businesses enjoy more visibility online this month via a popular online marketplace, Jiji.

This has been made possible by the collaboration between Jiji and the Association of Small Business Owners of Nigeria (ASBON).

The digital entrepreneurship is under the Biz Queens run the world on Jiji campaign designed to accelerate economic empowerment for female entrepreneurs.

This campaign aligns with the theme for International Women’s Day 2025 Accelerate action and is set to support women in business by providing them with digital tools to scale their ventures.

The female entrepreneurs will have access to essential business tools like a brand new laptops, smartphones, or free business boost on Jiji to help them establish a strong online presence.

The month-long initiative (from March 1 – 31, 2025) encourages female entrepreneurs across the country to grow their businesses online by simply registering on Jiji, posting at least one ad, and filling in their business details.

“This month of International Women’s Day, we celebrate the incredible role of digital transformation in empowering women entrepreneurs.

“Initiatives like Jiji Nigeria are pivotal in helping women-led SMEs thrive in today’s digital economy.

“At ASBON, we are proud to support these women in their journey to success, ensuring they have the tools and resources to lead and innovate,” the president of ASBON, Femi Egbesola, said.

Also, the Regional Head of PR and Marketing at Jiji, Majolie Obaje, said, “At Jiji, we’re firm believers that when women thrive in business, the economy thrives.

“This initiative isn’t just about celebrating female entrepreneurs, but giving these business queens the confidence and tools to succeed in the digital marketplace.

“When they list their products and services on our platform, they gain visibility, credibility, and direct access to millions of potential clients.”

With Nigeria’s SMEs contributing nearly 48 per cent to the nation’s GDP, and women led businesses raking in around 33 per cent to the total number of SMEs in Nigeria, according to reports by PWC, the challenge remains that many female entrepreneurs lack access to digital opportunities that can amplify their reach and profitability.

According to a 2024 research by Genderdigital marketplacepedia, 60 per cent of informal businesses in Nigeria are owned and run by women, which limit their potential for expansion.

The initiative aims to shift this narrative by equipping women with online business tools that would enable them to build sustainable and profitable businesses in digital commerce.

To be part of it, intending participants must register for free on Jiji, post at least one ad showcasing their product or service, and complete their biz details for better visibility on the Jiji platform. Businesses who gain access to these tools would be announced every Friday in March and April 1, 2025 on Jiji’s platforms.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Terra Industries Unveils Defence Drones, Robots to Support Nigerian Military

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Terra Industries

By Adedapo Adesanya

Nigeria-backed startup Terra Industries has launched drones and mine-clearing robots for the country’s military use to fight Islamic militants and reduce reliance on imported defence equipment.

The startup on Monday unveiled interceptor drones, mine-clearing unmanned vehicles and battlefield intelligence software that officials said could help troops confronting insurgents who have increasingly used roadside bombs and drones in recent attacks.

The launch shows a growing effort by Nigeria to reduce dependence on imported military hardware and build domestic defence manufacturing capacity, after years of buying aircraft, armoured vehicles and surveillance systems from countries including China, Turkey, Pakistan and the United States.

However, procurement delays, maintenance bottlenecks and rising foreign exchange costs have strengthened the case for local production, with Terra Industries among the first of such beneficiaries.

Terra Industries had previously focused on civilian drones and security technology before expanding into defence systems. In February, it signed a pact with Defence Industries Corporation of Nigeria (DICON) as part of efforts to boost the country’s defence industrial capacity and advance indigenous high-technology development.

“We are unveiling new defence systems such as our interceptor UAVs, our minesweepers, ground vehicles that can detect IEDs on the ground, and our battlefield intelligence software,” according to Mr Nathan Nwachukwu, the chief executive officer of the firm.

The need for security has risen in recent years, as groups such as Islamic State and al-Qaeda are gaining ground in Africa, converging along a swathe of territory that stretches from Mali to Nigeria, which is also battling with Boko Haram and other cells which remain active despite repeated military offensives.

Militants have stepped up ​attacks against army positions using improvised explosive devices (IEDs) and drones, forcing armies to invest in counter-drone systems, electronic warfare and autonomous ground equipment.

Major General Babatunde Alaya, head of the state-owned DICON, said collaboration with Terra Industries was necessary, given troop casualties caused by hidden explosives and roadside bombs.

DICON has long been central to Nigeria’s ambition to produce more of its own defence equipment, but progress has historically been slow. Partnerships with private firms are increasingly seen as a faster route to innovation and scale.

Terra Industries, which is valued at $100 million, has also announced plans to expand beyond Nigeria, including a manufacturing facility in Ghana, signalling ambitions to serve a wider African market and position itself in the region’s growing security technology industry.

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Tinubu Tasks Ambassadors to Attract Foreign Investment

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foreign direct investment

By Adedapo Adesanya

President Bola Tinubu has charged Nigeria’s newly appointed ambassadors and high commissioners to help pursue foreign investments from their designated countries, charging them to strengthen strategic partnerships and reposition the country’s global image in line with evolving diplomatic realities.

This is contained in a statement by Mr Yomi Odunuga, Special Adviser on Media and Publicity to the Secretary to the Government of the Federation (SGF), Mr George Akume.

According to Mr Odunuga, the President, represented by the SGF, gave the charge at the opening of an induction course for the envoys in Abuja.

The President said that the appointments of the envoys reflected the administration’s confidence in their capacity to advance Nigeria’s interests on the international stage.

He noted that the global system was undergoing rapid transformation driven by shifting geopolitical dynamics, economic uncertainties, technological disruptions, climate challenges and emerging security threats.

He added that the developments had made the role of diplomats more critical than ever.

”The international system is evolving rapidly. We must be prepared to meet these challenges by focusing on how best to protect and promote Nigeria’s national interest,” he said.

President Tinubu urged the envoys to adopt a modern, results-oriented approach to diplomacy by combining traditional methods with digital engagement, public diplomacy and strategic communication.

He underscored the importance of telling Nigeria’s story in a compelling and credible manner while projecting the achievements of his administration, also calling on them to be proactive and innovative in fostering partnerships, promoting trade and attracting foreign direct investment and technology to Nigeria.

According to him, safeguarding the welfare of Nigerians in the diaspora must remain a top priority.

He also announced a reordering of Nigeria’s foreign policy framework, known as the 4D Doctrine.

He said that the doctrine, originally anchored on Democracy, Development, Demography and Diaspora, had now been rearranged to Demography, Development, Diaspora and Democracy.

According to him, the adjustment places Nigerians at the centre of foreign policy and is aimed at ensuring that international engagements deliver tangible benefits to citizens.

The president further stressed the need for professionalism, integrity and patriotism in the conduct of diplomatic duties, reminding the envoys that they serve not only as government representatives, but also as custodians of the country’s image abroad.

He also emphasised accountability, urging missions to be result-driven, prudent in resource management and guided by clear, measurable goals that would contribute to economic growth and national development.

He encouraged the participants to fully engage in the induction programme, noting that it was designed to equip them with the knowledge and skills required for effective diplomatic service in a rapidly changing world.

He commended the National Assembly for the swift confirmation of the nominees and urged the envoys to justify the confidence reposed in them.” You have a special responsibility in helping to reposition Nigeria in global affairs. The world is watching,” he said.

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Aisha Achimugu Denies $13m Discovery Claim, Calls Report Misleading

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Aisha Achimugu

By Adedapo Adesanya

Lagos-based socialite and chief executive of Oceangate Engineering Oil & Gas Ltd, Ms Aisha Achimugu, has denied reports that $13 million was discovered in her residence, describing the claim as inaccurate and misleading.

Ms Achimugu denied the claims during an appearance on Channels Television’s Politics Today late on Monday, where she addressed allegations surrounding a raid on her home by the Economic and Financial Crimes Commission (EFCC).

Addressing the widely circulated claim, Ms Achimugu insisted that no such sum was recovered from her residence.

“Let me also correct an impression that 13 million dollars was not found in my house when my house was raided. And let me also correct that what is published on the website of EFCC is a certain state. I want to believe that it is not Lagos state because the state was not clear.

“So, it’s what is out there. So I won’t also entertain that it’s a Lagos state because that hasn’t been thrown at me. My house was raided, yes, but only $50,000 and 13 million naira belonging to my mom were found in my house and then again, my personal belongings. I don’t know where Nigerians got the impression that I had 13 million dollars in my house. I’m not a bank, so I won’t keep 13 million dollars in my house,” she stated.

She, however, declined to comment extensively on the matter, citing ongoing legal proceedings, but explained that the foreign currency in her possession was kept for practical reasons, noting that her children study abroad.

“It is important to have some foreign currency available for emergencies,” she said.

Speaking on the source of her wealth, Ms Achimugu maintained that her financial success is rooted in legitimate business ventures.

She disclosed that her company participated in oil block bidding rounds between 2022 and 2024 and emerged successful through what she described as a transparent process. Achimugu also dismissed suggestions that her success is tied to political connections.

Recall that Justice Emeka Nwite of the Federal High Court in Abuja affirmed the final forfeiture of $13 million linked to the Lagos socialite in March.

Justice Nwite had, on August 22, 2025, granted the anti-graft agency’s motion ex parte for an interim order forfeiting the sum of $13 million linked to Oceangate Ltd to the Federal Government over allegations that the fund was proceeds of unlawful activity.

The judge had then directed the commission to publish the order in a national daily for interested people to show cause within 14 days why the fund should not be permanently forfeited to the federal government.

In 2024, the businesswoman gained significant media attention for a seven-day birthday celebration in Grenada, which was attended by high-profile guests, reportedly including Lagos State Governor Babajide Sanwo-Olu.

The socialite also defended her widely publicised birthday celebration, noting that it had been “planned for 10 years” and was not funded with any money under investigation.

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