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Ambode Gives N5m To Students

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By Modupe Gbadeyanka

Two students of the Lagos State College of Health Technology who designed new technology of generating Biogas through the treatment of animal waste have been given N5 million by the Lagos State Governor, Mr Akinwunmi Ambode.

Mr Ambode made the donation on Thursday during a programme organised for the 422 successful graduates of the Ready, Set, Work (RSW) initiative of the State Government targeted to equip graduates of tertiary institutions in the State with necessary entrepreneurial skills and to make them emerge as ready products for the increasingly competitive labour market, as well as job creators.

The beneficiaries, Mr Sarunmi Oluwafemi and Mr Dada Samuel, were glad to receive the donation from the Governor.

Mr Oluwafemi and Mr Samuel, who emerged as first place winners of the pitch competition of the programme, were equally given N1million seed funding and placed on N100,000 monthly working capital for six months, all geared towards encouraging their business idea to grow.

The business idea, which is biogas production, involves the treatment of animal waste in order to generate biogas which can be used for domestic cooking, generation of electricity and other purposes.

The technology is targeted at providing a potential substitute for the ever costly liquefied petroleum gas.

Speaking at the graduation ceremony, Governor Ambode said his administration remained strongly committed to capacity building, entrepreneurship empowerment, and sustainable youth development, adding that the RSW initiative was one of the initiatives targeted at youth empowerment.

While stating that the future of Lagos and indeed the country lies in the hands of the youth who constitute a significant portion of the population, Mr Ambode said his objective is to allow students of tertiary institutions in the State have access to initiatives such as the RSW and other programmes.

The Governor, who invited public and private sector such as non-governmental organizations, international agencies, and well-meaning Lagosians, to partner with the State Government in raising students and youths who will transform the State, the country and indeed, the world, also vowed to increase the number of students in the pilot scheme of the RSW programme from 500 in 2016 to 1000 in 2017.

Besides, Mr Ambode congratulated the 422 successful graduates of the scheme, recalling that the RSW, which lasted for 13 weeks, had been a journey requiring passion, diligence, discipline and perseverance.

He also advised the students to remain committed to the ideals that brought them so far, especially in the face of ongoing economic challenges.

Mr Ambode said, “This is a time to push ahead with the same strength and focus that brought you to this point, and to pursue with vigour the knowledge, skills, and ideas formed in you over the last three months.

“The private sector would benefit from your passion and professionalism, while the entrepreneurial world awaits your vision driven ideas. As you progress in your journey, strong discipline remains an imperative and as pilots and ambassadors of ‘Ready, Set, Work’, you must uphold the positive values of decorum, respect, and self-management. Stand out and stand apart from the crowd in the outside world,” he said.

The Governor, who announced employment opportunities with the State Government for some of the graduates, also appreciated the private firms who partnered with the government to ensure the success of the 2016 programme.

Apart from the first place winners of the pitch competition, second place winners – One Box Group was given N500,000 and placed on N100, 000 monthly working capital for six months, while the third place winners – Artisans On Campus, a group with online business plan, was given N250, 000 and equally placed on N100, 000 monthly working capital for six months.

Also, 80 students were placed on apprenticeship slots, while 92 were placed on employability module.

Earlier, Special Adviser to Governor Ambode on Education, Mr Obafela Bank-Olemoh, in his welcome address, said the RSW scheme, which witnessed 13 weeks of intensive training in partnership with corporate Nigeria, was in response to the need to churn out graduates who will be equipped with the needed entrepreneurship skills to contribute meaningfully to nation building.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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AI in Agriculture, Retail Sectors May Lead to Double Digit Growth by 2035

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By Adedapo Adesanya

High-impact sectors, including agriculture, wholesale and retail, will see double digit increases with the integration of artificial intelligence (AI) across Africa by 2035.

This is according to a new report by the African Development Bank (AfDB) developed under the G20 Digital Transformation Working Group, Africa’s AI Productivity Gain: Pathways to Labour Efficiency, Economic Growth and Inclusive Transformation, which establishes a strategic roadmap for unlocking the economic and social potential of AI across the continent.

The study, carried out by consulting firm Bazara Tech, finds that inclusive AI deployment could generate up to $1 trillion in additional GDP by 2035 equivalent to nearly one-third of the continent’s current economic output.

The report added that this is underpinned by Africa’s growing digital capacity, favorable demographics, and ongoing sectoral reforms, making it one of the most promising regions for AI-driven growth globally.

According to the report the AI dividend is expected to be concentrated in select high-impact sectors, rather than spread evenly across Africa’s economy. Analysis identified five priority sectors—agriculture (20 per cent), wholesale and retail (14 per cent), manufacturing and Industry 4.0 (9 per cent), finance and inclusion (8 per cent), and health and life sciences (7 per cent)—which together are projected to capture 58 per cent of the total AI gains, or approximately $580 billion by 2035. These sectors combine economic size, readiness to adopt AI, and strong potential to deliver inclusive development outcomes.

“We have set out the key actions in this report, identifying the areas where initial implementation should be focused,” said Mr Nicholas Williams, Manager of the ICT Operations Division at AfDB.

“The bank is ready to release investment to support these actions. We expect the private sector and the government to utilize this investment to ensure we achieve the identified productivity gains and create quality jobs,” he added.

The report also revealed that realising the potential of AI depends on five interlinked enablers: data, compute, skills, trust, and capital. Reliable and interoperable data forms the foundation for AI insights, while scalable compute infrastructure ensures solutions can be deployed efficiently across the continent.

It noted that a skilled workforce is essential to develop, implement, and maintain AI systems, and trust built through governance, and regulatory frameworks underpins adoption.

The report also noted that the enablers, together with adequate capital investment to de-risk innovation and accelerate deployment, would “foster a cycle of AI-driven growth.”

The report also outlines a three-phase roadmap toward Africa’s AI readiness: ignition (2025-27), consolidation (2028-31) and scale (2032-35).

“Achieving early milestones by 2026 will set Africa’s AI flywheel in motion,” said Mr Ousmane Fall, Director of Industrial and Trade Development at the bank. “Africa’s challenge is no longer what to do — it is doing it on time.”

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Crude Oil Tanker Seized Near Venezuela Not Registered in Nigeria—NIMASA

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By Adedapo Adesanya

The Nigerian Maritime Administration and Safety Agency (NIMASA) has clarified that the crude oil vessel, MV Skipper, intercepted by the United States Coast Guard, in collaboration with the US Navy for its alleged involvement in crude oil theft and other transnational crimes is not registered in Nigeria.

NIMASA said the Very Large Crude Carrier (VLCC) SKIPPER with IMO Number 9304667 is not a Nigerian-flagged vessel, and its purported owners, Thomarose Global Ventures Limited, are not registered with NIMASA as a shipping company.

An analysis of the vessel’s movement carried out NIMASA through its Command, Control, Communication, Computers and Intelligence (C4i) Centre showed that the facility was last sighted on Nigerian waters on July 1, 2024.

“After departing Nigerian waters, the vessel continued on its international voyage pattern and was tracked operating in the Arabian Sea (Asia) and later in the Caribbean region, where the US interdiction eventually took place.

“Records indicate that SKIPPER, which was formerly owned by Triton Navigation Corp, has undergone multiple name changes over time.

The Director General of NIMASA, Mr Dayo Mobereola, reaffirmed the agency’s commitment to collaborate with all relevant stakeholders, including US authorities, in the ongoing investigations, noting that in a statement that criminality will not be tolerated on Nigerian waters.

Last week, US forces seized an oil tanker carrying a Panama flag believed to be the VLCC Skipper, after satellite imagery showed the vessel secretly loading over 1.8 million barrels of sanctioned Merey crude at Venezuela’s José Terminal.

The vessel had been transmitting falsified AIS positions during the operation, a tactic increasingly used by “dark fleet” tankers tied to Venezuelan and Iranian trades. It was later revealed that the seized tanker Skipper, was carrying crude contracted by Cubametales, Cuba’s state-run oil trading firm.

The seizure of the sanctioned oil tanker has sharply escalated tensions between the US and Venezuela. The US government also said it is preparing to intercept more ships transporting Venezuelan oil.

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SERAP Threatens to Sue AGF Fagbemi Over Failure to Enforce NDDC Judgment

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By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi, “to immediately enforce the judgment compelling and directing him and president Bola Tinubu to widely publish the names of those indicted in the alleged misappropriation of N6 trillion meant to implement the abandoned 13,777 projects and in the running of the Niger Delta Development Commission (NDDC) between 2000 and 2019.”

The judgment was delivered on Monday, November 10, 2025, by Justice Gladys Olotu following a Freedom of Information suit number: FHC/ABJ/CS/1360/2021 brought by SERAP.

The court also ordered Mr Fagbemi and the president “to publish and make available to the public the NDDC forensic audit report submitted to the federal government on September 2, 2021.”

In the letter dated December 13, 2025 and signed by SERAP deputy director, Mr Kolawole Oluwadare, the organisation said: “The continuing failure and/or refusal to publicly acknowledge the judgment and immediately enforce it makes a mockery of the country’s legal and judicial processes and the rule of law.”

It warned that the ongoing failure and/or refusal to enforce the judgment is a fundamental breach of both the letter and spirit of the Nigerian Constitution and a direct assault on the rule of law.

“Obeying the judgment would reinforce the primacy of the Nigerian Constitution, and the country’s international obligations and show respect for the rule of law.

“The Attorney General is the Chief Law Officer of the Federation and as such has the responsibility to uphold the Nigerian Constitution, advise the government to ensure that its actions conform with judicial decisions, obey the rule of law and generally act in the public interest,” it disclosed.

The group noted that, “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider pursuing contempt proceedings against you to compel you to uphold the Nigerian Constitution and the rule of law.”

“SERAP notes the recent public commitments by President Tinubu to ‘improve the welfare of the Niger Delta region and address the challenges facing the region.’ Immediately enforcing the NDDC judgment would ensure the fulfilment of these commitments,” it concluded.

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