General
We’ve Resolved National Power Outage—FG

By Adedapo Adesanya
The federal government said the national power outage has been resolved. The nation was thrown into total darkness following the collapse of the national grid.
The Minister of Power, Mr Abubakar Aliyu, while briefing State House Correspondents after the week’s virtual Federal Executive Council (FEC) meeting presided over by the Vice President, Mr Yemi Osinbajo, blamed pipeline vandalisation, grid collapses among other challenges as the reason for the recurrent nationwide blackout.
“We have recovered the grid now. The grid is back and we are trying to get more megawatts to push on the grid. We have set up small committees all geared towards getting more megawatts to put on the grid
“The current challenges of electricity supply in Nigeria are being resolved with the ongoing restoration of normal operations. Early in the week, the national grid suffered a decrease in electricity due to so many factors. However, more of the power is being restored.
“The current energy crisis confronting some key sectors of the economy also contributed to the problems we are facing now in the power sector.
“We are where we are today also because of the increasing vandalization of pipelines that also supply gas to the power plants. This too is being resolved in collaboration with the relevant agencies. NNPC and other gas suppliers are working relentlessly to restore gas supply for optimum power supply.
“The government is doing everything — working with the relevant security agencies — to stop the vandalization of pipelines.
“Routine maintenance of power generating plants had also contributed to the current power outages we are experiencing.
“These challenges do not in any way indicate that the ongoing rehabilitation of the national grid by the government is not yielding results.
“Despite all the challenges, we are recording successes and the grid is being restored back to full operation. Government solicits the support of all Nigerians at this time, while efforts will continue to increase and stabilize the electricity supply across Nigeria,” he explained.
Business Post gathered that despite the FG’s claim, many parts of the county continue to face power outages.
General
World Youth Day 2025: NBC Spotlights Young Changemakers Driving Nigeria’s Future

Nigerian Bottling Company (NBC), the official bottling partner of The Coca-Cola Company in Nigeria, is marking World Youth Day 2025 by celebrating the resilience, innovation, and impact of young Nigerians who are transforming their communities and driving inclusive growth.
At the core of this celebration is NBC’s flagship #YouthEmpowered initiative—designed to equip young people with essential life and business skills for the future of work. Since its launch in Nigeria in 2017, the program has empowered over 60,000 youth through hands-on training, digital upskilling, mentorship, and entrepreneurial coaching.
As part of this year’s activities, NBC will premiere a documentary that spotlights inspiring YouthEmpowered alumni who are building businesses, leading change, and shaping brighter futures for themselves and their communities. The documentary will be available to the public on NBC’s official website, YouTube channel, and social media platforms.
Featured in the film is Esohe Ekunwe, who now leads Alpha Connect, a community initiative focused on financial literacy, wellness, and civic engagement. She credits the YouthEmpowered program with not only influencing her business journey but also transforming her mindset.
The documentary also highlights other changemakers such as Doyin Ogunye, founder of Women and Youth Empowerment, whose environmental work in Lagos is tackling waste and creating jobs; and Kingsley Oguchechukwu, founder of Kingsman Luxury in Enugu, who turned a major business setback into a thriving fashion brand.
By shining a light on these stories, NBC reaffirms its commitment to empowering young Nigerians and supporting their vital role in national development.
General
Two Nigerian Innovators Shine at 2025 Anzisha Prize Awards Gala

By Aduragbemi Omiyale
It was a glorious moment for Ms Bunmi Esther Olalude and Ms Christianah Madu, the two Nigerian innovators honoured at the prestigious Anzisha Prize Awards Gala held on August 6, 2025.
They were among the four prize winners who received a $10,000 prize each to further the impactful work they are already delivering in their communities.
Ms Olalude was honoured with the Job Creation Award for creating the most jobs, particularly for women and youth, and she informed the audience, “If I keep on doing what I am doing, I know I can go anywhere and reach my biggest dreams.”
On her part, Ms Madu was awarded the Storytelling Award for her powerful communication and ability to increase visibility for her venture.
Another winner was Ms Cebolenkosi Gcabashe from South Africa, who earned the Revenue Growth Award for his business which showed the greatest increase in profitability.
“As a person from a rural area, this award means the world to me and the community I come from,” he said, urging young business leaders to “start where you are with what you have and the rest will come along with your journey.”
The fourth winner, Mr Tafadzwa Manyanye, received the Systems of Delivery Award for building strong operational systems to scale efficiently, and he advised other aspiring entrepreneurs to “just start,” noting, “whatever you are doing, starting today means you are gearing up for a successful tomorrow.”
The ceremony was part of the Anzisha Entrepreneurship Education in Africa (EEA) Summit, held at the African Leadership Academy campus.
The event concluded with a powerful call to action for business and community leaders to support the continent’s very young entrepreneurs.
The summit brought together policy architects, educators, investors, and business leaders to explore best practices in entrepreneurship education and celebrate the innovative strategies driving youth-led growth.
“Youth entrepreneurship isn’t the backup plan, it’s the blueprint. For too long we have treated entrepreneurship as plan B, the path we take when the real systems fail you. But today has reminded us that youth-led enterprise isn’t what happens when things go wrong, it’s what happens when young people take control of their futures,” Anzisha Prize Managing Editor, Didi Onwu, said.
“We’ve heard from our entrepreneurs who are running digital schools, inventing organic farming alternatives, designing global fashion brands, solving health challenges and more – all before the age of 25. They’re not asking if they’re too young. They’re building anyway,” Onwu added.
General
Nigeria Racing to Meet EU’s Cocoa Sustainability Deadline

By Adedapo Adesanya
The Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole, has described the regulation of the European Union (EU) on cocoa sustainability, which could impact Nigeria’s export, as both a “formidable challenge and a transformative opportunity” for the country.
On Monday, the federal government and stakeholders in the cocoa value chain met to assess the progress so far made towards complying with the EU Deforestation Regulation (EUDR) on sustainability.
She said the regulation was a call to action as it remained a “pivotal moment for Nigeria’s cocoa industry.”
The EU, which accounts for over 60 per cent of Nigerian cocoa exports, had set the December 31, 2020, deadline (later extended to December 2025) for Nigerian cocoa farmers to comply with the regulation which bordered on sustainable cocoa trade under the EUDR Compliance framework.
The deadline applies to the broader EUDR, which includes cocoa and other commodities, and was extended from an earlier date to allow for more preparation time.
Failure to comply could lead to rejection of Nigeria cocoa exports to Europe, among other punitive measures.
Mrs Oduwole said the roundtable was more than a high-level dialogue but a “platform to align national ambition with global standards, as well as a crucial step in ensuring the resilience, sustainability, and competitiveness of our cocoa value chain.”
The Minister pointed out that the the EU deforestation regulation was reshaping the way agricultural commodities are traded globally.
“But beyond that, Nigeria and this administration is at the forefront of climate change and climate justice, and what is important to is the use of our land for sustainability.
“So, without even an external project, this is something that is Nigeria first. As Mr President has put it, always Nigeria first in this issue. We’re thinking first and then joining the rest of the world to see how we’re using our resources for the betterment of everybody.
“So, for Nigeria, Africa’s fourth largest cocoa exporter, it’s both a formidable challenge and a transformative opportunity.
“With the EU accounting for over 60 per cent of our cocoa exports, compliance is not optional. It is an economic, environmental, and developmental imperative. And importantly, we have to support our domestic farmers and investors who are in this space,” she said.
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