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FG Gives 120 Youths N6m Grant for Business

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Nigerian youths

By Adedapo Adesanya

Through its Unlock Training Programme for unemployed youths, the federal government has given N6 million made up of N500,000 grants each to 120 persons to start their businesses.

Ms Abiola Arogundade, Senior Special Assistant to President Bola Tinubu, said that the grants were given to those that presented the best business proposals.

She spoke at the official closing of the Unlock Training Programme, the award of grants and Solar Kiosks, and certificates of completion to deserving participants.

Ms Arogundade explained that the programme resulted from a six-week campaign initiated by her office, during which Nigerian youths were asked to record and submit a one-minute video on their current technical, vocational and entrepreneurship skills.

She said that the youths were also asked to drop a video of what their plans were, for the future on such skills and how they wanted government to assist them achieve their goals.

Ms Arogundade said the purpose of the programme was to boost the potential of Nigerian youths for economic development.

“At the end of that campaign, we trained about 10,000 participants in a 10-day intensive training session on how to write and execute business plans.

“During the programme, both online and physical participants were trained on the components of a good business plan, including executive summary and business overview.

“We also trained them on marketing strategies, pricing, money and risk management among others. After the course, participants were asked to write and submit business plans.

“Today, we are giving out N500,000 grants each to 120 winners with the best business plans,” she said.

She added that her office was also giving out honourary awards to 80 persons seen to be doing well in their technical, vocational and entrepreneurship skills, but needed support to upscale their businesses.

She, therefore, expressed optimism that the grants would serve as an incentive for progress in their businesses going forward.

“We would like to also say that this is one of our many programmes in supporting skills and enterprise and we intend to continue to do so in our office.

“So, if you are not a winner today, please continue to apply to participate in our future programmes,” the presidential aide said.

She expressed appreciation to all the ministers and other stakeholders, who in one way or the other, encouraged technical, vocational and entrepreneurship education across Nigeria.

Arogundade congratulated the participants for their successful completion of the programmes and the honourary winners for their dedication to the development of technical and vocational skills in the country.

“We do not doubt that you learnt very valuable lessons on how to conduct businesses henceforth and, to that extent, we celebrate you today; you are all winners,” she said.

Four solar kiosks designed for hairdressing, catering and food vending and general purposes, were also given to some of the winners to support their business growth.

The kiosks were also equipped with sockets for phone charging and spaces for POS and other businesses.

Arogundade said the kiosks were among the job creation projects designed as part of contributions to the Renewed Hope Agenda of President Tinubu’s administration.

Speaking at the event, Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, congratulated Arogundade for the programme and appealed to winners of the grants and other facilities to effectively utilise them.

He also encouraged youths to embrace skills acquisition, saying that it was the way to go to make ends meet.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Lolu Akinwunmi, Iquo Ukoh to Co-chair 2026 CMO Circle

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2026 CMO Circle

By Modupe Gbadeyanka

The duo of Lolu Akinwunmi and Iquo Ukoh will co-chair the 2026 Chief Marketing Officers Circle (CMO Circle), slated for June 5, 2026, with the theme The C-Suite Mandate: Talent Density and Marketing Leadership.

The invitation-only forum for CMOs and senior marketing leaders will bring together the most influential voices in marketing to shape strategy at the highest levels of business and public policy.

As Co-Chairs, Akinwunmi and Ukoh will curate and lead high-level discussions focused on innovation, talent density, enterprise growth, and the expanding mandate of the CMO within the C-suite. Their stewardship reinforces the Circle’s role as a convening authority—one that not only reflects industry thinking but actively defines it.

Akinwunmi, Group CEO of Prima Garnet (Ogilvy Nigeria), brings decades of experience advising leading national and multinational brands, alongside a distinguished record of industry leadership.

Ukoh, Chief Executive Officer of Entod Marketing and former Director of Marketing Services at Nestlé Nigeria, is widely regarded for her leadership in brand strategy, consumer engagement, and cultural storytelling.

Convened by MarkHack in partnership with StatiSense and Brand Communicator, the CMO Circle operates at the intersection of enterprise leadership and national development. Beyond dialogue, the Circle institutionalises its influence through the quarterly CMO Index. This flagship publication aggregates executive sentiment, market intelligence, and forward-looking insights to inform policy conversations and economic decision-making. In doing so, the Circle positions marketing leadership as a critical voice in shaping Nigeria’s business environment and policy direction.

“The CMO Circle is intentionally designed as a premium, outcomes-driven platform—one that moves marketing leadership beyond the boardroom into the sphere of policy influence.

“With Iquo Ukoh and Lolu Akinwunmi as Co-Chairs, we are setting a clear tone of authority, depth, and relevance. Through the CMO Index and our quarterly convenings, the Circle will play a defining role in shaping both industry direction and policy dialogue,” the convener of CMO Circle, Mr Victor ’Gbenga Afolabi, stated.

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Court Grants El-Rufai N100m Bail in DSS Case 

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nasir el-rufai icpc

By Adedapo Adesanya

Justice Joyce Abdulmalik of the Federal High Court in Abuja has granted bail to former Kaduna State Governor, Mr Nasir El-Rufai, in the sum of N100 million with one surety in like sum.

Delivering the ruling, Justice Abdulmalik imposed a series of stringent conditions that the defendant must meet before perfecting the bail.

The court held that the proposed surety must reside in either the Maitama or Asokoro districts of Abuja and must deposit the original Certificate of Occupancy (C-of-O) of a landed property at the court registry.

The surety is also required to be a federal civil servant not below Grade Level 17 and must provide evidence of salary payments for at least three months, authenticated by a letter from the manager of a bank within the jurisdiction of the court.

The court further ordered the surety to depose to an affidavit of means, enter into a bail bond, and submit a recent passport photograph to the court registry.

As part of the bail conditions, Mr El-Rufai is to deposit all valid international passports with the court registry.

The court also directed that a verification letter from the surety’s immediate department be submitted, alongside a tax clearance certificate covering the last six months.

Justice Abdulmalik further ordered the defendant to report to the headquarters of the Department of State Services every last Friday of the month by 10 a.m. to sign an attendance register pending the determination of the case.

The judge warned that failure to comply with the conditions would lead to an automatic revocation of the bail.

The court additionally directed the defendant to submit a letter of attestation from the Chairman of the Kaduna Traditional Council.

This comes a month after a Kaduna Court granted bail to the former Minister in a corruption case filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over charges related to alleged corruption and abuse of office during his tenure in the North-Western state from 2015 to 2023.

He was alleged to have abused his office and to have intended to commit fraud and confer undue advantage, which were alleged against the opposition politician.

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PenCom Proposes Full Salary Pension for Retired Police Officers

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police retirees

By Adedapo Adesanya

The National Pension Commission (PenCom) has proposed a sweeping reform of retirement benefits for officers of the Nigeria Police Force under the Contributory Pension Scheme (CPS), including lifetime monthly pensions equivalent to 100 per cent of their final salary and a gratuity of 200 per cent of their annual emoluments upon retirement.

According to the Leadership newspaper, the measure is part of federal government efforts to address persistent agitation from retired police personnel who say CPS payouts are inadequate.

The reform will see retired police officers receive a monthly pension equivalent to 100 per cent of their final salary for life and gratuity payments amounting to 200 per cent of annual emoluments, benefits that many officers have been clamouring for years.

According to the newspaper, retirees under the scheme have raised concerns over poor pension payouts, with some saying they receive as little as N30,000 to N80,000 monthly, while also lamenting the inadequacy of their lump-sum retirement benefits.

Some other recommendations include increasing active officers’ monthly pension contribution for serving police officers from the current 10 to 20 per cent, while employee contributions will remain at 8 per cent.

The new arrangement, which includes a monthly pension equivalent to an officer’s last salary and increased gratuity benefits, is expected to strengthen financial security for retired personnel and boost the morale of officers still in active service.

The measure is expected to significantly improve Retirement Savings Account (RSA) balances, enhance pension payouts, and strengthen the long-term sustainability of the pension structure.

If approved by President Bola Tinubu, the augmentation plan for police personnel will reflect the government’s recognition of the police’s critical role in maintaining national security and public order, as well as the need to ensure officers’ dignity and stability after retirement.

Police pensioners who have been protesting against the CPS insisted that the scheme, which requires both employers and employees to contribute monthly into Retirement Savings Accounts (RSAs) managed by Pension Fund Administrators (PFAs), has worsened their welfare.

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