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Ambode Gives N5m To Students

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ambode-students

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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TCN Confirms Destruction of Six Transmission Towers in Nasarawa

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Transmission Towers

By Adedapo Adesanya

The Transmission Company of Nigeria (TCN) has confirmed the destruction of six transmission towers along the Apir–Lafia 330kV line in Nasarawa State, causing significant disruption to electricity supply in parts of the country.

In a statement issued on Wednesday, TCN spokesperson, Mrs Ndidi Mbah, said the incident occurred on May 30 at about 1:15 a.m. during a heavy downpour.

She explained that the transmission line initially tripped, prompting operators to attempt a trial reclosure of Line II at about 2:08 a.m., but the effort failed.

A subsequent inspection of the transmission corridor, however, revealed extensive damage to key components of towers T125 to T130, confirming that the infrastructure had been vandalised.

“The tripping of the lines prompted a physical line trace to determine the fault, which revealed damage to critical components of towers T125 to T130, confirming vandalism on the affected sections of the transmission corridor,” Mbah said.

The incident has forced both Apir–Lafia 330kV Transmission Lines I and II out of service pending the reconstruction of the damaged towers.

TCN said its engineers have been deployed to the site to assess the extent of the damage and determine the materials required to restore normal transmission along the corridor.

As an interim measure, the Lafia 330kV Transmission Station is being supplied through an alternative line to minimise the impact on electricity consumers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC).

The company condemned the persistent vandalism of power infrastructure, warning that such acts undermine investments in the electricity sector and threaten the stability of the national grid.

It also urged residents and host communities to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office.

TCN stressed that safeguarding critical national infrastructure requires collective responsibility to ensure a reliable and uninterrupted electricity supply nationwide.

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IFC, NGX Group, LCCI Unveil Nigeria Gender Country Programme

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Gender and Equal Opportunities Commission

By Aduragbemi Omiyale

A Nigeria Gender Country Programme (NGCP) to advance private sector action on gender equality and inclusive economic growth has been unveiled at a high-level virtual CEO Roundtable convened by the International Finance Corporation (IFC), Nigerian Exchange (NGX) Group Plc, and the Lagos Chamber of Commerce and Industry (LCCI).

The NGCP builds on the momentum of Nigeria2Equal and other initiatives that have advanced workplace inclusion, women’s leadership, entrepreneurship, and sustainable finance across Nigeria’s private sector.

Designed as a more integrated and collaborative platform, the programme seeks to scale impact through coordinated action among development institutions, business leaders, regulators, and the organised private sector.

Anchored on three strategic priorities, the programme aims to increase women’s representation in leadership, improve access to quality employment, and expand access to productive assets—including finance, technology, and markets—for women and women-led businesses.

The partners are expected to formally launch the Nigeria Gender Country Program at a physical event scheduled for July 9, 2026, where stakeholders will further advance implementation of the programme’s strategic priorities.

At the virtual event, the Director General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said, “Gender inclusion is fundamentally an economic growth imperative. Closing gender gaps can unlock billions of dollars in value for Nigeria while strengthening business performance and national competitiveness. We must therefore move beyond viewing inclusion as a corporate social responsibility initiative or compliance exercise, and instead recognise it as a strategic driver of productivity, innovation, and sustainable economic growth.”

Commenting on the initiative, the chief executive of NGX Group, Mr Temi Popoola, said the initiative “presents a significant opportunity to deepen impact and accelerate progress across corporate Nigeria. By expanding women’s access to leadership opportunities, quality employment, finance, technology, and markets, we can unlock substantial economic value while building a more competitive, inclusive, and resilient private sector. At NGX Group, we believe the capital market has a critical role to play in advancing these outcomes through stronger governance, transparency, and stakeholder engagement.”

On his part, the IFC Head of Office in Lagos, Mr Christian Mulamula, said, “Closing the gender gap is one of the most significant opportunities to strengthen competitiveness and productivity. Across Africa, gender inequality is estimated to cost up to $2.5 trillion. Through the Nigeria Gender Country Program, IFC is working with the private sector to expand women’s leadership, improve access to better jobs, and increase opportunities for women-led businesses. Building on Nigeria2Equal, this initiative focuses on practical, measurable solutions that help businesses grow while advancing inclusive growth.”

In her remarks, the DG of LCCI, Ms Chinyere Almona, noted that the programme’s success would depend on leadership accountability and sustained commitment from business leaders, particularly in embedding gender inclusion into organisational strategy and execution.

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VDR, ECDIS Data Retrieved as NSIB Probes Maersk Vessel Collision at Bonny Anchorage

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Maersk Vessel Collision

By Adedapo Adesanya

The Nigerian Safety Investigation Bureau (NSIB) has commenced a forensic investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina at Bonny Anchorage in Rivers State, following the download of Voyage Data Recorder (VDR) and Electronic Chart Display and Information System (ECDIS) data from the vessel for navigational analysis.

The bureau’s Director of Public Affairs and Family Assistance, Mrs Funke Adebayo Arowojobe, explained that in line with the International Maritime Organisation (IMO) Casualty Investigation Code and international obligations, NSIB had formally notified the Transport Safety Investigation Bureau (TSIB) of Singapore as a substantially interested State.

The incident, which occurred on May 20, 2026, has been classified by the bureau as a Very Serious Marine Casualty (VSMC).

She also said that NSIB activated its marine occurrence response protocols immediately after receiving notification of the incident, noting that the investigation Go-Team was deployed to Onne and Bonny on May 22 to commence evidence preservation and preliminary investigative activities.

The bureau disclosed that investigators boarded both vessels and conducted interviews with their masters and key crew members, while operational records and navigational data linked to the incident were secured.

Also, the director stressed that the bureau had commenced collaborative engagement with relevant local and international stakeholders as part of the investigation process, assuring the public and maritime stakeholders that the investigation would be conducted with professionalism, independence and thoroughness, stressing that the objective was to determine the causal and contributory factors of the occurrence and enhance maritime safety.

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