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Osinbajo to Deliver Lecture at Oxford University

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By Dipo Olowookere

Nigeria’s Vice President, Mr Yemi Osinbajo, will be in the United Kingdom on Friday, October 12, 2018 to let the world know how the present administration of President Muhammadu Buhari is working hard to boost human capital development investments in the country.

Mr Osinbajo is making the UK trip on the on the invitation of Oxford University, United Kingdom, where he would be inaugurating the International Advisory Board (IAB) of Oxford University’s African Studies Centre, under the School of Global and Area Studies (OSGA).

Members of the board are eminent leaders from across the world including several African countries like Nigeria and South Africa.

Members of the board to be inaugurated by the Nigerian Vice President include Mr Tito Mboweni, an international advisor of Goldman Sachs, and former Chairman of the South African Reserve Bank, who will chair the board; Madame Monica Geingos, First Lady of Namibia, lawyer and entrepreneur; Professor Ibrahim Gambari, former UN Under-Secretary for Political Affairs, one-time Nigeria’s Permanent Representative to the United Nations and former Nigeria’s External Affairs Minister and Dr Charlotte Scott, former First Lady of Zambia and development specialist.

Others are Mr Gareth Ackerman, Chairman of Pick’n Pay, South Africa; Mr. Alex Duncan, Director and Consultant Economist, The Policy Practice, Brighton, United Kingdom; Mr Ivor Agyeman-Duah – Economist and author, Accra, Ghana; Governor Nasir El-Rufai, Governor of Kaduna State, Nigeria and Ms Linda Mabhena-Olagunju, founder and Managing Director, DLO Energy Group (Pty) Ltd, South Africa.

The Vice President, who departed Nigeria on Thursday for London, will be received by Oxford’s Pro-Vice-Chancellor and Warden, St. Antony’s College, Prof. Roger Goodman; Head, Oxford School of Global & Area Studies, Tim Powers and the Director of the African Studies Center, Prof. Wale Adebanwi.

During the lecture, Prof. Osinbajo would highlight the progress made by the Buhari administration in improving the country’s Human Capital development indices and investment climate, as well as the widespread impact of the National Social Investment Programmes (N-SIP).

The N-Power Volunteer Corps, which is a part of the N-SIP, and has so far provided employment for 500,000 young Nigerian graduates, demonstrates the commitment of the Federal Government to invest in the human capital development of Nigerian citizens, particularly the young people.

Also, the N-SIP includes schemes such as the Conditional Cash Transfer, which has helped lift thousands of the poorest Nigerians out of poverty, through the provision of N5,000 monthly stipends; the TraderMoni, which provides collateral & interest-free loans from N10,000 to petty traders nationwide, among other initiatives of the Buhari administration.

Besides, there is also the Homegrown School Feeding programme which provides one free meal a day to over 9 million primary school pupils, thereby boosting school enrichment and also addressing stunting concerns among young Nigerians of school age.

Only last week, Prof. Osinbajo presided over a meeting of the National Economic Council’s Human Capital Development Core Working Group on Wednesday at the Presidential Villa, Abuja, and reiterated Buhari administration’s commitment to accelerate human capital development in the country.

According to the VP, “lifting our people out of poverty is a crucial agenda towards attaining intended developmental outcomes.”

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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Dangote Cement Ibese Commissions Cassava Processing Plant in Ogun

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Cassava Processing Plant in Ogun

By Aduragbemi Omiyale

In order to aid alternative and sustainable means of livelihood amid rising food prices and growing concerns over food security in Nigeria, the Ibese Plant of Dangote Cement Plc has handed over a state-of-the-art garri and fufu processing plant to the Kajola host community in Ewekoro Local Government Area of Ogun State.

The facility is expected to support cassava farmers and processors by improving efficiency and expanding income-generating opportunities.

According to the organisation, the project, delivered under the Community Development Agreement (CDA) with its host communities signed in 2022, is a strategic intervention aimed at boosting agricultural value addition, reducing post-harvest losses and strengthening livelihoods for rural farmers and women.

The Ibese Plant Director, Mr Ayyagari Subbaraidu, at the commissioning, said, “This project is aimed at improving cassava processing, reducing losses and creating sustainable employment for women and farmers in the community.”

He disclosed that the facility features separate garri and fufu processing units equipped with modern machinery, including a five-tonne-per-day peeling machine, hydraulic presses, frying systems, fermentation basins, solar-powered boreholes and sanitation infrastructure, adding that it will serve as a catalyst for local economic growth by enhancing productivity and supporting small-scale agribusinesses across Kajola and neighbouring communities.

The Plant Director also urged the community and the Project Governance Committee to maintain transparency in the management of the facility to ensure long-term sustainability.

The Ogun State Commissioner for Agriculture and Food Security, Mr Bolu Owotomo, who was at the unveiling of the project, said it aligns with Governor Dapo Abiodun’s vision of making agriculture a key driver of economic growth through value addition and enterprise development.

The Commissioner disclosed that “over 166,000 farmers, including more than 90,000 cassava farmers, have been registered under the Ogun State Farmers Information Management System (OGFIMS) to benefit from government interventions.”

He urged the community to safeguard the facility and assured residents of the continued support of the state government towards agricultural development and food security.

“This processing plant will strengthen the cassava value chain, improve product quality, create jobs and enhance food security while boosting farmers’ incomes,” the Commissioner stated.

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FG Backs US Sanctions on Three BDC Operators Linked to Terror Financing

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bdc operator

By Adedapo Adesanya

The federal government has hailed the recent sanctioning of three Nigerian bureau de change (BDC) operators by the United States’ Office of Foreign Assets Control (OFAC) for alleged terrorism financing.

“The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC).

“These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026,” it disclosed in a statement.

It said that the naming of the three companies and six people followed extensive intelligence gathering, financial investigations, and inter-agency assessments, which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported, or otherwise contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.

“The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), Babangida Muhammed Adamu Hammajam (NLISWi.24), Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), Nine to Nine BDC Limited (NLISWe.27),” the statement read in part.

The federal government reiterated its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions obligations, including asset-freezing requirements, the filing of suspicious transaction reports, and the reporting of all relevant matches to the appropriate authorities.

The sanctions committee commended the work of the Federal Ministry of Justice, Office of the National Security Adviser (ONSA), Central Bank of Nigeria (CBN), Department of State Services, Economic and Financial Crimes Commission, and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.

It stated that Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.

The committee also said that the Federal Government would continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global efforts to combat terrorism and its financing.

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Lagos Seals Radio Station, Others for Noise Pollution

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Wise FM Lagos

By Aduragbemi Omiyale

A radio station, Wise FM, has been sealed by officials of the Lagos State Environmental Protection Agency (LASEPA).

The premises of the broadcast media platform, located on Ogabi Street, Meiran, Ile-Iwe Bus Stop, were shut by the state government on Tuesday, June 23, 2026, alongside other establishments across different parts of Lagos State for alleged persistent violations of environmental regulations despite repeated warnings, abatement notices, and opportunities provided for compliance.

In a statement by LASEPA, it was disclosed that the enforcement exercise was carried out in response to various environmental infractions, including noise pollution, air pollution, obstruction of official duties, and failure to comply with its directives.

As regards Wise FM, it was said that it was sealed for noise and air pollution as well as non-compliance with the Agency’s directives.

Another organisation affected, Star-View Terrace, located in Amuwo Odofin, Lagos, was shut down for noise pollution and non-compliance with the agency’s directives, while Premiership Suites, located at Akin Osiyemi Street, Off Allen Avenue, Ikeja, was sealed for non-compliance with the agency’s directives.

Speaking on the enforcement operation, the General Manager of LASEPA, Mr Babatunde Ajayi, reiterated the organisation’s unwavering commitment to safeguarding public health and ensuring a cleaner, safer, and more sustainable environment across Lagos State.

He stressed that both individuals and corporate organisations have a responsibility to comply with environmental laws and regulations, stressing that environmental protection remains a collective duty that requires the cooperation of all stakeholders.

The LASEPA boss warned that the agency would continue to intensify enforcement actions against violators in order to curb environmental nuisances and protect residents from the harmful effects of pollution.

Mr Ajayi urged residents, business owners, and operators of commercial establishments to adopt environmentally responsible practices and cooperate with regulatory authorities in promoting a healthier, cleaner, and more livable Lagos.

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