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GE Organises Business Training Scheme for NYSC Members

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By Dipo Olowookere

In order to improve on and increase the capacity of the youth in building Micro, Small and Medium Enterprises (MSMEs), General Electric (GE) has announced a partnership with the management of the National Youth Service Corps (NYSC) to empower corps members with valuable entrepreneurial skills in line with its commitment to skills development in Nigeria.

GE, the world’s premier Digital Industrial Company, is coming up with a scheme known as the Start & Improve Your Business (SIYB) training programme.

The initiative is based on the curriculum of the International Labour Organization (ILO) and will see thousands of youth corps members receive critical entrepreneurial training.

The training will make participants operate effectively and be sustainable long-term.

It has been recognized that even at the best of times, employers of labour in the economy will not have the capacity to absorb all the entrants. This has led to a need to promote the development of small and medium scale enterprises, to create self- employment opportunities and expand the scope for job creation, as research findings indicate clearly that 60-70% of new jobs are created by the SME sector.

Speaking when he led a team on a courtesy visit to the Director General of the NYSC in Abuja on Monday, Managing Director of GE Gas Power Systems in Nigeria, Mohammed Mijindadi, explained that the initiative was one of the many ways GE is supporting skills development in Nigeria.

“We are committed to the sustainable development of Africa and Nigeria in particular, and as such we invest in skills development initiatives that empower people with valuable skills, equip communities with new tools and technology and elevate ideas that are helping to solve Africa’s challenges,” Mijindadi said.

Giving more insights, he explained that the program works using a Train the Trainer approach where NYSC personnel and facilitators are trained utilizing an international curriculum benchmarked to global standards.

Following that, the facilitators are supported to execute training programs for all youth corps members across the country.

The initiative, Mijindadi added, “is a practical business management-training programme with a focus on starting and improving small businesses.”

The SIYB program initiative is part of GE’s commitment to skills development in Nigeria in support of the Federal Government’s job creation objectives.

The government plans to create 15 million jobs by 2020 as indicated in its 2017 Economic and Recovery Growth Plan (ERGP) and for Nigerian youth to embrace this opportunity they need to have the right skills.

Speaking on the partnership, Roti Balogun, Chief Talent and Skills Development Leader for GE Africa and Corporate Champion for the Nigerian Economic Summit Group Human Capital Development commission added “We are pleased to lead a private sector response to some of our commitments from the recently concluded NES23 summit on skills, competencies and capacity building with a focused strategy on faculty development in Nigeria. We remain committed to entrepreneurial leadership development across the continent with programs such as the SIYB.”

Responding, Brigadier-General Kazaure commended the partnership with GE stating that the SIYB program is aligned and complimentary to the NYSC’s efforts in setting up skill acquisition centres in the country’s six geo-political zones.

He expressed interest in continuing to partner with GE to build capacity and encouraged other private sector players to look for similar ways to support the agency.

GE has created several skills development initiatives in Nigeria, a prime example being the Lagos Garage- a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration.

Co-located with the GE Lagos offices in Victoria Island, the Lagos Garage offers a year-round series of skills training programs focused on building the next generation of Nigerian entrepreneurs.

Till date, 140 entrepreneurs have graduated the program having been trained to use the latest in advanced manufacturing technologies; 3D printers, CNC mills, and laser cutters as well as in business development.

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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Elumelu Quits as UBA Chairman, Nnorom Takes Over

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tony elumelu and emmanuel nnorom

By Aduragbemi Omiyale

In line with the 12-year tenure prescribed for non-executive directors of banks by the Central Bank of Nigeria (CBN), Mr Tony Elumelu will on August 21, 2026, cease to be chairman of United Bank for Africa (UBA) Plc.

The board of the financial institution at its meeting on July 6, 2026, has elected Mr Emmanuel Nnorom as the new chairman.

In a notice to the Nigerian Exchange (NGX) Limited, the lender said Mr Elumelu’s successor, a non-executive director of the company, will assume the new role on August 21, 2026.

Mr Nnorom is a chartered accountant with over 40 years of experience in banking, finance and audit. He brings to the role extensive leadership experience and deep institutional knowledge of UBA.

“I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit.

“I look forward to working with my colleagues on the board, management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders,” Mr Nnorom stated.

Commenting on his retirement, Mr Elumelu said, “Serving United Bank for Africa has been one of the great privileges of my career.

“UBA has a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future.

“Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”

The board thanked him for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.

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WACT-APM Terminals Appoints Obadagbonyi as Managing Director

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Courage Obadagbonyi

By Adedapo Adesanya

WACT-APM Terminals Nigeria has announced the appointment of Mr Courage Obadagbonyi as Managing Director, effective July 1, 2026, succeeding Mr Jeethu Jose and becoming the first Nigerian to hold the post.

The appointment reflects the organisation’s continued focus on developing strong leadership from within its global talent pool while ensuring sustained growth and operational excellence.

A seasoned executive with more than two decades of international experience, Mr Obadagbonyi has held leadership roles across finance, operations and general management at leading global organisations, including APM Terminals, General Electric and Lafarge.

Prior to this appointment, he served as Chief Financial Officer (CFO) for the APM Terminals Nigeria cluster, with responsibility for financial strategy across Nigeria and San Pedro, Côte d’Ivoire.

He also served in an acting capacity as Managing Director of APM Terminals Apapa between 2025 and March 2026, further strengthening his operational leadership experience.

With experience spanning sectors such as oil and gas, power generation, logistics and healthcare, Mr Obadagbonyi brings deep expertise in financial management, risk optimisation and business performance.

Speaking on his appointment, he said, “I look forward to building on the strong foundation already in place at WACT. The terminal plays a critical role in connecting businesses in Eastern Nigeria to global markets, and we will continue to focus on safe, reliable and efficient operations.”

On his part, the Chief Executive Officer of APM Terminals Nigeria, Mr Frederik Klinke, noted that the appointment reflects the company’s commitment to leadership development and long-term growth.

“Across APM Terminals globally, we see strong collaboration and talent development across our teams. This appointment reflects the depth of experience within our organisation and our continued focus on building capabilities that support sustainable growth. Nigerians have continued to distinguish themselves through exceptional performance and leadership. Colleagues from our Apapa and Onne terminals have contributed their expertise internationally while also bringing back valuable best practices to strengthen operations in Nigeria.”

He added that Mr Obadagbonyi’s experience would support the next phase of operational excellence and value delivery at WACT.

The outgoing MD, Mr Jose, said, “It has been a privilege to lead WACT-APM Terminals Nigeria during a period of meaningful progress. The team has built a strong platform for the future, and I am confident in the continued success of the organisation.”

West Africa Container Terminal (WACT)-APM Terminals in Onne, Rivers State, is one of Nigeria’s leading container terminals, having commenced commercial operations in 2006.

The company has continued to invest in capacity expansion and modernisation, including a $115 million terminal upgrade project launched in 2020. The upgrade also includes the deployment of reefer racks with a 600-plug capacity, as well as the expansion of the existing yard, a new workshop, a new terminal auto gate, modernised offices and state-of-the-art technology. These investments have enhanced efficiency, strengthened service delivery and reinforced WACT’s role as an important gateway for trade beyond Lagos.

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Unilever Nigeria Appoints Modupe Femi-Okunbanjo to Board

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Modupe Femi-Okunbanjo

By Aduragbemi Omiyale

A new member has joined the board of Unilever Nigeria Plc, and she is Mrs Modupe Femi-Okunbanjo, who was appointed as an executive director of the organisation.

Her appointment, according to a statement from the company, is effective June 30, 2026. It followed the resignation of Mr Ibrahim Sodipe as an executive director of the firm with effect from June 30, 2026.

Mr Sodipe was praised for his valuable service and significant contributions to the entity, particularly in driving improved turnover and profitability and supporting Unilever Nigeria’s continued progress towards sustainable and profitable growth.

Mrs Femi-Okunbanjo was described as an accomplished finance and governance leader who, for more than 15 years, has steered finance teams, shaped strategy, and strengthened risk management frameworks in the fast-moving consumer goods and telecommunications sectors.

She is currently the Financial Controller of Nigeria and Regional Controls Lead for West Africa at Unilever Nigeria, where she oversees financial governance, regulatory compliance, and enterprise risk management.

Her work has been pivotal in embedding ethical leadership and data-driven decision-making at board level, while ensuring organisations remain resilient in the face of shifting market dynamics.

The new board member has established a reputation for elevating financial reporting, advancing audit excellence, and strengthening governance frameworks, thereby positioning organisations for sustainable growth and long-term value creation.

In her previous roles, she has a consistent track record of delivering margin expansion, enhancing governance & control environments, and leading transformation in challenging macroeconomic conditions.

She is equally committed to developing future talent and advancing financial literacy among younger generations.

Prior to her joining Unilever Nigeria Plc in 2018, Mrs Femi-Okunbanjo held key roles at UAC of Nigeria Plc, Helios Towers Nigeria, and Makasa Sun Nigeria Limited, where she pioneered control frameworks from the ground up, eliminating revenue leakages, digitising operations and embedding financial discipline.

A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Member of the Chartered Institute of Management Accountants (CIMA), she holds a Bachelor’s degree in Accounting from Lagos State University and an MBA with Specialisation in Strategy from the Edinburgh Business School, Heriot-Watt University, UK.

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