General
Fayemi Calls for More Investments in Arts, Culture
By Adedapo Adesanya
The Governor of Ekiti State, Mr Kayode Fayemi, has called for more investments into the arts and culture sector of the country.
This charge was given by the state governor at the opening session of the 34th National Festival of Arts and Culture (NAFEST).
Declaring open the cultural fiesta themed Celebrating National Unity in Diversity, the Ekiti State Governor, who is also the Chairman, Nigeria Governors’ Forum (NGF), described the annual cultural celebration as a vital tool for integration, unity, economic prosperity and political stability of the country.
He maintained that the current economic and political state of the country requires concerted efforts and investment in arts and culture to give room for the expression of talents, promotion of the unity of the country in its diversity and harnessing human potentials for economic prosperity.
Stressing the import of culture for national development and economic growth, the Governor said culture impacts economic growth by strengthening social virtues, creating a trust which facilitates relationships and inspiring motivation that stimulates entrepreneurship.
“We know and understand that culture is one of the main pillars of development, for, without culture, it is certain that development would be greatly hindered. The critical state of our nation requires that efforts be intensified to revive our diverse culture and enhance the potential of our arts to ensure social and political stability, both of which hinge on the viability of the economy.
“The burden of our national commitments which has rested solely on the performance of our crude oil in the international market has continued to render the nation immobile. This calls for an innovative solution. Investing in culture is crucial to the general development of any society.
“As a country with diverse cultures, it is imperative for us to take advantage of the innate strength in our diversity, and our human and natural resources, to build a united, just and prosperous country for the present and future generations,” he said.
The Governor disclosed that his administration in Ekiti has taken arts and culture beyond mere performance to the realm of cultural re-orientation, attitudinal change, value orientation and its integration into the State’s educational curriculum to be taught at primary and post-primary levels.
Mr Fayemi added that the national event was in fulfilment of his administration’s efforts at exposing Ekiti to both national and international attractions to woe more stakeholders in the culture, tourism and creative world to the State.
On his part, the Director-General, National Council for Arts and Culture, Mr Segun Runwese, commended Governor Fayemi for not only demonstrating strong political will in hosting this year NAFEST but for also mobilizing government apparatus to take an active role in ensuring the success of the event.
He disclosed that this year event would feature several completion including tales by moonlight, Drama, traditional board games, children’s drawing and painting, children’s essay writing, traditional cuisines, archery, indigenous fabric and fashion and the cultural market display where winners would be given prizes and award.
Mr Runwese added that participants would also have the opportunity to visit the rich cultural tourist centres in the State like the popular Ikogosi warm spring, Arinta waterfall, Fajuyi park and amusement, Ogun Onire groove and others in the course of the week-long event.
At the event, where representatives across the states of the federation observed a cultural parade that reflected their rich cultural heritage in colourful attires and peculiar cultural instruments witnessed the staging of a melodious drama titled “Children of the rolling hills” that was orchestrated by the Wife of Ekiti State Governor, Erelu Bisi Fayemi.
By Modupe Gbadeyanka
The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.
This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.
The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.
It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.
Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.
TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.
The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.
TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.
By Adedapo Adesanya
The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.
The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.
The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.
The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.
The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.
Despite receiving presidential assent, the Act has yet to be fully operationalised.
He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.
The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.
He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.
The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.
The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.
By Adedapo Adesanya
The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to provide funding and support for the next generation of Nigerian youth entrepreneurs.
The announcement coincides with International Youth Day 2026, whose global theme this year — Different Contexts, Common Aspirations — calls on institutions to close the gap between young people’s circumstances and their opportunities. The pilot is an early step toward NiYA’s broader ambition to train and empower 7 million Nigerian youth within two years.
The NiYA and Cascador Founders Programme will begin with a pilot cohort of 20 early-stage Nigerian youth founders, including entrepreneurs without formal business registration or established financial records.
Over four weeks, participants will undergo intensive training focused on business fundamentals, investment readiness and pitch preparation. At the end of the programme, the eight top-performing founders will receive non-dilutive funding of up to N5 million each from Cascador, alongside an Enterprise Resource Planning (ERP) solution to help them structure, manage and scale their businesses.
The funding and support will be presented at a Pitch Day organised by NiYA and the Federal Ministry of Youth Development.
The Minister for Youth Development, Mr s Ayodele Olawande, said the partnership would enable NiYA to move beyond training by helping young people transform ideas into investable businesses and achieve sustainable economic participation through business preparation and access to capital.
“The pilot is deliberately designed to test a model that can go beyond one cohort. If young founders can be identified early, prepared properly, connected to credible capital and supported to build stronger business systems, then access to opportunity becomes less dependent on background or existing networks. That is the larger objective: to build a youth entrepreneurship ecosystem in which readiness, ideas and execution can increasingly determine who gets the opportunity to grow.”
The pilot will run in-person in Abuja with virtual touchpoints and 1:1 mentorship. All 20 graduates retain NiYA alumni status, with priority consideration for future opportunities.
NiYA and FMYD have already shown what real commitment to Nigeria’s youth looks like — the platforms, the reach, the ambition to train millions. What we’re building together now is the missing piece, a practical bridge from the ideation stage to real capital-readiness. When a Ministry so dedicated to its young people asked Cascador to help build that bridge, it was an easy decision,” said Trish Thomas, CEO of Cascador.
Ms Oyin Solebo, COO of Cascador and former Managing Director of the ARM Labs Lagos Techstars Accelerator, highlighted the partnership’s impact, saying, “This is what innovative capital deployment looks like: a government building real investment readiness at scale, and a partner meeting that foundational work with non-dilutive funding at exactly the moment it’s needed. Partnerships like this open doors that neither of us could open alone.”
