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63rd Birthday: Tinubu Lauds Elumelu’s Africapitalism Drive

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By Modupe Gbadeyanka

The Chairman of Heirs Holdings, United Bank for Africa (UBA) and Transcorp Plc, Mr Tony Elumelu, has been praised by President Bola Tinubu for his Africapitalism drive as he clocks 63 today, Sunday, March 22, 2026.

In a statement on Saturday, Mr Tinubu described the economist, banker and philanthropist as an African business icon and a leading advocate of enterprise on the continent.

He hailed him for his resilience, commitment to excellence and unwavering belief in Africapitalism, which birthed the Tony Elumelu Foundation (TEF), which has significantly empowered young Africans through entrepreneurship.

The President said the foundation’s entrepreneurship programme had trained about 2.5 million youths across 54 African countries and provided over 24,000 entrepreneurs with non-refundable seed capital of 5,000 dollars each.

He highlighted Mr Elumelu’s continued investment in youth development as critical to Africa’s economic transformation and job creation, joining family, friends and associates of the business leader in wishing him good health, strength and more success in his future endeavours.

TEF is rallying young entrepreneurs to power Africa’s Sustainable Development Goals (SDGs) agenda ahead of 2030, according to the chief executive of the organisation, Ms Somachi Chris-Asoluka, during a virtual media parley on Saturday.

The media parley was held ahead of the 2026 TEF selection announcement scheduled for Sunday, March 22, to unveil the newest cohort of 3,200 young African entrepreneurs selected for this year’s TEF Entrepreneurship Programme.

Ms Chris-Asoluka said the foundation was prioritising entrepreneurs whose businesses actively contributed to the United Nations Sustainable Development Goals (SDGs) as part of efforts to reposition Africa for accelerated development ahead of 2030.

While taking questions from journalists, she said the foundation’s selection framework placed strong emphasis on impact, ensuring that supported enterprises are not only profit-driven but also aligned with global development priorities.

She said that TEF encouraged applicants to clearly demonstrate how their business ideas would contribute to the SDGs, noting that such alignment is critical to closing Africa’s development gaps.

“We want our entrepreneurs to actively contribute to the SDGs so that by 2030, Africa will no longer lag, but will be able to meet and surpass these goals,” she said.

According to her, this focus is central to the foundation’s broader mission of fostering inclusive economic growth, job creation and sustainable development across the continent.

She said that entrepreneurs were assessed, not just on profitability and scalability, but also on their potential to drive measurable social and economic impact in areas such as education, healthcare, climate action and digital innovation.

Ms Chris-Asoluka said that the foundation believed Africa’s young entrepreneurs hold the key to advancing sustainable development, stressing that innovation from the private sector is essential to achieving long-term growth.

She said that TEF remained committed to supporting early-stage entrepreneurs with training, mentorship and seed funding, while ensuring that their ventures align with the continent’s development priorities.

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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Tinubu’s Decisive Leadership Against Terrorists Thrills Trump

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By Modupe Gbadeyanka

President Bola Tinubu has been praised by the United States President, Mr Donald Trump, for his decisive leadership against terrorists.

The presidency, in a statement on Wednesday, disclosed that the American leader conveyed the commendation in a letter dated July 6, 2026, to President Tinubu, saying the Nigerian leader’s “to tackle the issues plaguing Nigeria, especially the violence affecting Christian communities” have not gone unnoticed.

According to Mr Trump: “It is a true honour to stand with you in the fight against these terrorists and to make the Federal Republic of Nigeria stronger and more prosperous.”

The US-Nigeria relationship flourished in recent times, with the two sides working closely in key areas, especially in tackling security challenges afflicting parts of Nigeria.

In November last year, President Trump and President Tinubu agreed to establish a Joint Working Group co-headed by the National Security Advisers of Nigeria and the United States. Through the work of the working group, the two sides agreed on several steps, including training, intelligence sharing, and joint operations to roll back terrorist activities.

A highlight of the collaboration was the May 16 coordinated attack on ISIS hideouts in the Lake Chad area, which led to the killing of the group’s top leader, Abubakar Al-Minoki, and many of his lieutenants

Last week, the US Assistant Secretary of State for Africa, Frank Garcia, visited Abuja, where he held meetings with senior government officials and pledged to strengthen the cooperation between Abuja and Washington DC in security and other areas of collaboration.

Below is the full text of the letter;

Dear Mr President,

Thank you for your thoughtful letter. Your kind words mean a great deal to me, and I appreciate your decisive leadership on behalf of the Nigerian people. I applaud your resolve to tackle the issues plaguing your nation, especially the violence affecting Christian communities and it is a true honor to stand with you in the fight against terrorists and to make the Federal Republic of Nigeria stronger and more prosperous.

The United States-Nigeria relationship is crucial at a time where conflict has spread across West Africa and around the world. We both share a mutual goal of confronting terrorism in all its forms, and our historic US-Nigeria 2026 Defence Cooperation Roadmap has established a robust framework to accomplish this feat.

I am proud to have deployed the United States Special Operations Forces—among the most elite military units anywhere in the world—to equip the brave men and women in the Armed Forces of Nigeria with the skills, tools and intelligence they need to protect your homeland and ensure the safety and security of citizens, particularly those of faith who have been under attack. I look forward to our continued discussions over the course of my Presidency.”

Sincerely,

Donald J. Trump, President of the United States of America

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17 States on Flood Alert as NiHSA Predicts Rising Water Levels

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By Adedapo Adesanya

The Nigeria Hydrological Services Agency (NiHSA) has warned that 17 states across the country face a medium flood risk between July 21 and July 27, 2026, urging governments, emergency agencies and residents in vulnerable communities to take immediate precautionary measures to minimise potential loss of lives and property.

The warning was contained in the agency’s National Flood Advisory (Alert No. NFA-2026-200) issued on Tuesday, following hydrological assessments indicating rising water levels in several rivers and critical monitoring stations nationwide.

Director-General and Chief Executive Officer of NiHSA, Mr Umar Mohammed, said the forecast identified Bauchi, Edo, Imo, Kaduna, Plateau and Benue among the states expected to experience flooding during the period, alongside 11 others.

According to Mohammed, the latest hydrological data revealed that water levels at key monitoring stations, including Saminara on the Karam River, Waya Dam Site on the Waya River and Amber on the Amber River, have exceeded established watch and warning thresholds, increasing the likelihood of localised flooding along major river channels and adjoining floodplains.

He disclosed that 16 hydrological gauging stations across the country have recorded elevated river stages, placing several communities at heightened risk of inundation.

“Our hydrological monitoring network indicates that river stages at critical monitoring stations have exceeded watch and warning thresholds. Communities located along these river channels face imminent localised flooding, and we strongly advise state governments, local authorities and residents in flood-prone areas to take immediate preventive action,” Mohammed said.

NiHSA’s impact assessment showed that Bauchi State has the highest level of exposure, with 1,841 communities, 145 schools, 101 health facilities and eight markets identified within areas vulnerable to flooding.

In Edo State, the agency identified 148 communities, 131 schools, 123 health facilities, four markets, seven religious centres and approximately seven hectares of farmland as being at risk.

The advisory also listed 415 communities, 423 schools, 198 health facilities, 49 markets, 111 religious centres and 75 hectares of farmland in Imo State as vulnerable to flooding, while Kaduna State has 168 communities, 16 schools, three health facilities and three religious centres within areas likely to be affected.

For Plateau State, NiHSA identified 205 communities, 137 schools, 44 health facilities, 16 markets, 81 religious centres and 64 hectares of farmland as susceptible to flooding, while Benue State has five communities, eight schools, two health facilities and four religious centres within the projected flood-risk zone.

The agency urged the National Emergency Management Agency, NEMA, State Emergency Management Agencies, SEMAs, local government authorities and community leaders to activate emergency response measures without delay.

Among its recommendations, NiHSA advised the immediate evacuation of residents, livestock and valuables from flood-prone communities to designated safe locations, while emergency agencies were urged to pre-position food supplies, medical equipment, potable water and other relief materials in vulnerable areas.

The agency also called for the activation of community-based early warning systems, continuous public sensitisation, regular clearing of blocked drainage channels and strict adherence to safety guidelines, warning residents against attempting to walk, drive or ride through flooded roads or fast-flowing water.

NiHSA further advised state governments and the public to monitor its daily flood forecasts and advisories to support timely decision-making and reduce the impact of anticipated flooding during the forecast period.

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NLC Hints at Fresh Nationwide Strike as New Minimum Wage Review Stalls

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NLC protests in Abuja

By Adedapo Adesanya

The Nigeria Labour Congress (NLC) has warned that it is ready for a major nationwide struggle to secure a new national minimum wage and better pensions for retired workers.

NLC President, Mr Joe Ajaero, said the union would not accept a review of workers’ salaries without a corresponding increase in pension benefits, adding that organised labour would also push for the creation of a National Minimum Pension.

Mr Ajaero made this known during the commissioning of the Comrade Godwin Abumisi Pensioners Legacy House and Multipurpose Hall in Abuja, noting that rising inflation and the high cost of living have made the current minimum wage and pension inadequate, leaving many workers and retirees struggling to survive.

“We are currently preparing for a major national struggle for a comprehensive review of the national minimum wage,” Mr Ajaero said.

“But it is no longer acceptable to discuss the welfare of workers without also discussing the welfare of those who have retired after years of service.”

He said the NLC would campaign for both a new minimum wage and a National Minimum Pension.

“It is a historical injustice that men and women who devoted their youth and productive years to serving this nation should be forced to live below the poverty line after retirement,” he said.

According to the unionist, the rising cost of food, healthcare and transportation has made life increasingly difficult for pensioners.

“We cannot continue to allow our senior citizens to survive on pensions that have become poverty wages. Every retiree deserves to live with dignity after decades of faithful service to the nation,” he added.

The NLC president urged pensioners to remain united and prepare for the struggle ahead, describing the newly inaugurated Legacy House as a centre for mobilisation and solidarity

He also called on workers to stand together, saying unity would strengthen labour’s ability to compel the government to fulfil its obligations to both serving workers and retirees.

Mr Ajaero further demanded the immediate payment of outstanding pension arrears and the implementation of a pension system that guarantees every retiree a decent standard of living.

“Together, we shall continue to fight until every Nigerian worker and pensioner receives the justice, respect and welfare they deserve,” he said.

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