Economy
Lagos to Train 15,000 Youths, Women in Agripreneurship
By Adedapo Adesanya
As part of efforts to expand its agricultural value chains, the Lagos State government has introduced the Lagos Agripreneurship Programme (L.A.P.) under its Agriculture-based Youth Empowerment Scheme (Agric-Yes). The programme is expected to train 15,000 youths and women in various agricultural capacities by year 2023.
Commissioner for Agriculture in the state, Mr Gbolahan Lawal, said the programme was aimed at improving capacity, creating wealth and employment in the agricultural value chains such as poultry, piggery, aquaculture and vegetables. According to him, the scheme will commence with the one-month training of no fewer than 200 participants
“The current reality and exigencies of job creation for the teeming youth population and attainment of food security require that a more aggressive, strategic and efficient approach be employed in the training and empowerment of women and youth if Lagos State is to achieve a significant reduction of unemployment, create more jobs and wealth and also significantly enhance food security in the State by year 2023.
“Hence, the introduction of the Lagos Agripreneurship Programme (L. A.P) under the Agriculture-based Youth Empowerment Scheme (Agric-Yes) which aims to train 15,000 women and youths at the training facilities across the State by the year 2023,” he said.
According to Mr Lawal, the training will take place at the Agricultural Training Institute, Araga, Epe, adding that the introduction of L. A. P would efficiently reduce unemployment, create jobs and alleviate poverty in the state; attract and pay more attention to the creation of jobs for women in agribusiness.
He noted that other objectives of the L.A.P were the fact that it would enhance skill acquisition and improve productivity; produce versatile agripreneurs; increase food production substantially to local food demand within the State; facilitate the attainment of food security; and improve the well being of citizens of Lagos State.
Mr Lawal reiterated the significance of the training, stressing that expected impacts of the training include the creation of 2000 Agro-Entrepreneurs who would in turn become job creators; promotion of food security, improved nutrition and general well-being of Lagosians; and the creation of at least 4000 indirect jobs by every 2000 beneficiaries per year through the engagement of support staff such as attendants and artisans, among others.
Others expected impacts, according to the Commissioner include: the enhancement of the economic activities of the surrounding communities; reduction in the overall rate of unemployment; reduction in crime rate within the state; and promotion of the state’s target of producing at least 25 percent of the food consumed by residents the state before the end of year 2025.
Speaking on the implementation strategy for the programme, he explained that the training and empowerment programme would be done in two stages; the first being the training session in various agricultural value chains to attain a more efficient training of a large number of women and youths in a short time, using fewer resources which will be enterprise-specific thereby encouraging the adoption of forward and backward integration of businesses by participants in their subsequent agribusinesses.
Mr Lawal noted that through the empowerment, the establishment of additional enterprise-specific Farm Estates across the state would be promoted as participants would be allocated land space according to the enterprise of interest and location of residence.
He urged interested participants with passion for agriculture, minimum of senior secondary school certificate, satisfactorily physical and health condition to collect the application forms free of charge at Room 9 at the Ministry in Alausa or at any of the State Agricultural Inputs Supply Authority Offices at Ojo or Odogunyan in Ikorodu or the Coconut House in Mowo, Badagry.
By Adedapo Adesanya
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of N68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates N4.799 trillion for statutory transfers and N15.8 trillion for debt service.
It further sets aside N15.4 trillion for recurrent expenditure and N32.2 trillion for capital expenditure through the Development Fund.
In a statement signed by Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Friday, it was that, “The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.”
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” it added.
The 2026 Appropriation Act took effect on April 1, with the federal government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
President Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
He directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives, the statement noted.
President Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms and boost revenue generation.
By Adedapo Adesanya
Pipeline Infrastructure Nigeria Limited (PINL) says Nigeria has lost an estimated $226.734 billion in revenue from stalled crude oil production in Ogoniland over the past 32 years.
The group at the company’s monthly stakeholders’ meeting in Port Harcourt called for an urgent, structured restart of operations in the region.
PINL described the resumption of oil production in Ogoniland as a “strategic national priority,” stressing that the process must be driven by host communities and grounded in environmental sustainability.
Speaking at the event, Mr Akpos Mezeh, General Manager, Community and Stakeholder Relations at PINL, said the scale of losses highlights both the cost of inaction and the opportunity ahead.
“Available data shows that over $226.734 billion has been lost due to the suspension of crude oil production from 96 oil wells in Ogoniland over the past 32 years. This clearly underscores both the economic cost of inaction and the immense opportunity that lies ahead,” he said.
Ogoniland, covered under Oil Mining Lease (OML) 11, has the capacity to produce over 500,000 barrels of crude oil per day. Production was halted in 1993 following unrest and environmental concerns linked to oil exploration activities.
PINL outlined key conditions for restarting operations, including active community participation, sustained environmental remediation, adoption of community-based security models, and prioritisation of economic inclusion.
“The position of PINL aligns with growing calls from stakeholders in the Niger Delta for the Federal Government to restart oil production in Ogoniland in a manner that balances economic benefits with environmental justice and community interests,” Mr Mezeh added.
He further affirmed the company’s readiness to support the process, stating: “At PINL, we stand ready to support this process by applying our experience in stakeholder engagement and infrastructure protection to ensure a peaceful, secure, and sustainable resumption.”
PINL maintained that with the right framework, resuming production in Ogoniland could significantly boost Nigeria’s crude output, increase government revenues, and support broader economic growth.
By Aduragbemi Omiyale
Additional shares of Champion Breweries Plc have been listed on the Nigerian Exchange (NGX) Limited.
A circular from the NGX Regulation Limited confirmed this development on Wednesday, April 15, 2026.
The new stocks of the brewery company came from its hybrid offer comprising rights issue and offer for subscription.
Through the two exercises, Champion Breweries issued fresh 2,375,615,342 ordinary shares of 50 Kobo each to subscribers, which were brought to the stock exchange for listing.
Business Post reports that 931,712,324 units arose from the rights issue of 994,221,766 ordinary shares of 50 Kobo each at N16.00 per unit, indicating a subscription rate of 93.71 per cent; and 1,443,903,018 units from the offer for subscription of 2,625,000,000 ordinary shares of 50 Kobo each at N16.00 per unit, reflecting a subscription rate of 55.01 per cent.
The listing of the new shares of the organisation has increased the total issued and fully paid-up shares to 11,323,611,234 ordinary shares of 50 Kobo each from 8,947,995,892 ordinary shares of 50 Kobo each.
“With this listing of the additional 2,375,615,342 ordinary shares of 50 Kobo each, the total issued and fully paid-up shares of Champion Breweries Plc have now increased from 8,947,995,892 to 11,323,611,234 ordinary shares of 50 Kobo each,” a part of the circular signed by the Head of Issuer Regulation Department of NGX RegCo, Mr Godstime Iwenekhai, stated.
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