The #EndBadGovernanceInNigeria Protests erupted today as citizens stormed the streets to voice out their frustrations over hunger and high living costs.
This protest comes despite appeals from government officials, including Lagos State Governor Babajide Sanwo-Olu, who has called for patience and dialogue in addressing the nation’s challenges.
In a statement delivered yesterday, Governor Sanwo-Olu urged Lagosians to consider the broader implications of the protests, reflecting on the events of the #EndSARS movement in 2020.
He warned that while protests may begin peacefully, they are vulnerable to being hijacked by elements with “devilish intentions,” potentially leading to chaos and destruction.
“Is protest the practical catalyst for progress the nation requires at this time?” Governor Sanwo-Olu asked. “Will such a protest suddenly ensure that all of our challenges disappear in ten days?”
He stated that economic reforms currently underway require time to yield results, and he cautioned against allowing protests to disrupt the modest gains already achieved.
Sanwo-Olu highlighted recent government initiatives, including President Bola Tinubu’s signing of a new minimum wage law and the disbursement of student loans aimed at alleviating financial burdens. He also noted the financial autonomy granted to local governments and efforts to stabilise the foreign exchange crisis as signs of progress.
“We need patience for the benefits of these economic reforms to blossom,” Sanwo-Olu said. “Protests can’t achieve in days what economic reforms can in weeks and months. Our nation, under President Tinubu’s courageous leadership, is on the right path.”
To mitigate the impact of economic reforms, Sanwo-Olu outlined Lagos-specific programs under the EKOCARES initiative. These include reduced transportation costs, free medical care, and increased bursaries and scholarships for students. He reassured Lagosians that the government is committed to improving living standards.
Reflecting on the destructive aftermath of the 2020 protests, Sanwo-Olu recounted the damage to essential infrastructure, including the Lagos High Court and numerous police stations. “No true Lagosian or friend of Lagos will encourage us to go this route again,” he asserted.
To ensure safety during the current #EndBadGovernanceInNigeria Protests, the governor announced that the Police have designated Gani Fawehinmi Park and Peace Park as official protest venues in Lagos. He encouraged protesters to utilise these secured locations to prevent chaos.
Governor Sanwo-Olu emphasised the importance of dialogue and collaboration in addressing grievances. “Our strength lies in our unity, and our future depends on our collective efforts to maintain peace and stability,” he said, urging citizens to reject violence and disorder.
The focus remains on balancing the right to protest with the need for constructive engagement.
Government officials continue to advocate for a peaceful approach to resolving national issues, hoping to steer the country toward lasting stability and prosperity.
The Lagos State government plans to generate an annual revenue of N200 billion by expanding its income tax base to include remote workers.
This initiative, which also involves leveraging digital solutions, aims to increase the state’s internally generated revenue (IGR) to N5 trillion under Governor Babajide Sanwo-Olu’s administration.
The government is set to introduce a Resident Global Digital Citizen Tax Management System, targeting not just local remote workers but also foreign firms and digital influencers operating within the state.
This system will include the accreditation and licensing of digital economy operators, supported by an e-Portal, a Marketplace, and a Recovery Platform. The budget for this digital taxation initiative is estimated at N250 million.
Scheduled for September 25-26, 2024, the EKO Revenue Plus Summit will explore strategies to unlock new revenue streams for Lagos State. The summit, themed “Unlocking New Revenue Streams for Lagos State,” will focus on technology-driven methods to broaden the tax base and reach the ambitious N5 trillion IGR goal.
The digital economy sector alone aims to contribute N200 billion annually, drawing from about two million residents. The state has identified four core sectors for additional revenue generation: the Property Industry, expected to generate N1.5 trillion; the Digital Economy, projected to add N750 billion; the Informal Sector, anticipated to bring in N460 billion; and the Circular Economy, expected to contribute N20 billion.
To achieve these targets, Lagos State plans to use technology to enhance tax administration and explore new revenue avenues. The state aims to lay a strong financial foundation through innovative strategies and optimisation of current processes.
In addition to these, the Lagos State government is considering implementing a N500 entertainment tax, which could generate up to N20 billion annually. This proposal will be a key discussion point at the upcoming summit, as the government explores multiple avenues to bolster its fiscal capacity.
Beyond the entertainment tax, the government is exploring several initiatives, including a Content Aggregation Platform and Gateway, a Digital Schools Project, a BPO and Open TechHub Project, and Smart City Infrastructure and Services.
These projects aim to capitalise on digital advancements and the growing demand for tech-driven solutions in education and entertainment.
For instance, the Digital Schools Project is expected to provide quality education to 20,000 students, each paying N50,000 per semester, thereby generating N1 billion annually.
Collaborations with tech giants like Microsoft, Huawei, and Google are also in the works, alongside investment partnerships with firms like Partech Africa and Chevron Nigeria.
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed fuel supply and distribution challenges in some parts of Lagos and the Federal Capital Territory (FCT) but promised to work on restoring normalcy.
Olufemi Soneye, Chief Corporate Communications Officer of the NNPC, announced in a statement posted on the company’s official X handle (formerly Twitter} on Saturday.
“The NNPC Ltd. wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels.
“The Company further states that it is working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations,” Soneye said.
NNPCL’s comment came amid long queues in some parts of the country with the commodity’s price soaring. Prices of the product have reached close to N1,000 per litre in some parts of Lagos and Abuja.
President Bola Tinubu had last year announced the stoppage of subsidy on the product, pushing the price of the commodity more than thrice higher.
The move was part of the Federal Government’s plan to save scarce foreign reserves and funnel them into infrastructure and other projects.
As the demand for global talents and international mobility continues to weigh on organizations across the world, an outsourcing firm in Nigeria, All Talentz has restated its commitment to passionately empowering the best talents in Africa with rewarding and meaningful careers and matching them with different global businesses to help them scale up their operations.
This was the thrust of the conversation during the celebration of its second anniversary with an exclusive cocktail event, hosted in partnership with the American Business Council (ABC).
Cross Section of Guests
The event took place at Radisson Blu Anchorage Hotel and well attended by clients of All Talentz, visiting Nigeria for the first time, US Consulate Lagos Team, members of the American Business Council and along with distinguished guests from the government, private sector, and media.
As a member of the American Business Council, an organization representing the interests of US businesses in Nigeria, ABC is committed to fostering stronger bilateral business relations.
The ABC serves as an intermediary for US businesses seeking to invest in Nigeria and ensuring a level playing field for American Companies operating in Nigeria.
This partnership highlights All Talentz’s dedication to promoting goodwill and establishing itself as a premier outsourcing giant in Nigeria.
Since the launch of All Talentz in 2022, their goal has been to provide talent outsourcing services to businesses across the world, leveraging Nigeria’s growth as an emerging Global Business Outsourcing hub.
The anniversary event provided a platform to engage All Talentz’s diverse stakeholders, including government officials, private sector leaders, clients, and media representatives, to promote the company’s interests both in the United States and Nigeria.
Attendees also had the opportunity to network, celebrate the company’s achievements over the past two years, and explore avenues for future collaboration.
“We are excited to celebrate our second anniversary with our esteemed partners and clients,” said Sadiq Isu, CEO of All Talentz. “Our collaboration with the American Business Council, underscores our commitment to building strong international partnerships and enhancing business opportunities between Nigeria and the United States. This event is a testament to our growth and the invaluable relationships we have forged over the past two years.”
Sops Ideriah, president of the American Business Council, expressed enthusiasm about the rapid growth of All Talentz, and noted,
“We are thrilled with the progress All Talentz has made in just two years. Their success is a clear indicator of the opportunities they introduce to the Nigerian economy. At ABC, we are committed to supporting their continued growth, aligning with the Federal Government’s mandate to export talent globally.”
Since its inception, All Talentz has achieved significant milestones, including expanding its client base, enhancing service delivery, and contributing to the economic growth of Nigeria through job creation and skills development.
The anniversary event served as a platform to showcase these accomplishments and outline future plans to further solidify All Talentz’s position in the outsourcing industry and it’s a further step to achieving their vision of restoring excellence globally.
Some notable guest such as Hon Folashade Mebedem, Hon Commissioner, Industry, Trade, Investment, Lagos State, Julie LeBlanc, Commercial Counselor, US, Department of Commerce, Michael Ervin, Senior Foreign Service Officer, US Department of State, Kenechukwu Onyeke, ESTH Specialist, US Department of State, Nigeria, Emmanuel Asika, Country Manager HP Nigeria, Olaniyi Yusuf, CEO Verraki partners, Craig and Jenny Hawkins, Owner, PuroClean of Redmond, Johnetta Johnson, SVP Operations, Alacrity Solutions, Adam Runyan, President, PuroClean of Marysville, Washington State, Brian Towne, PuroClean of Bloomington, Illinois, Christian Carpico, Director of Operations, PuroClean of Plymouth, Pennsylvania amongst other notable guest in attendance.
“As the talent acquisition landscape continues to evolve leveraging the convergence of economic diversification, technological advancement, and evolving work cultures, our commitment at All Talentz remains unwavering. We will continue to create avenues for strategic engagements with key stakeholders, with a keen focus on advancing discussions surrounding outsourcing, job creation, and fostering mutual prosperity for our stakeholders in the United States and Nigeria”, Isu said.
The Federal Government has disbursed a total sum of N438, 368,915,030.24, to 34 states and the Federal Capital Territory (FCT) as reimbursement for their investments in the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme.
Minister for Budget and Economic Planning, Abubakar Bagudu said the reimbursement was made after the third independent verification intervention assessment.
The NG-CARES Programme is a World Bank-supported initiative aimed at providing households with credit portfolios and grants to support poor and vulnerable individuals and firms.
Under the programme, states and the FCT invest their resources following agreed protocols and receive reimbursement from the Federal Government after an independent verification exercise. The total amount disbursed to the 34 states and FCT stood at N438, 368,915,030.24.
Also, the top five states that received the highest amounts are Zamfara (N49.182 billion), Nasarawa (N27.204 billion), Plateau (N26.312 billion), Gombe (N25.305 billion), and Kebbi (N21.589 billion).
Bagudu therefore commended President Bola Ahmed Tinubu for his administration’s reforms, which have enabled states and the FCT to invest heavily in the Programme.
He also acknowledged the commitment of state governors and the Honourable Minister of the FCT for their efforts in building resilience among poor and vulnerable Nigerians using the programme.
NG-CARES is one of the Social Protection Programmes implementing the tenets of the “Renewed Hope Agenda” of Mr President and a cornerstone for economic resilience and sustainability among the
Today, the UK Government hosted a multi-stakeholder meeting in Abuja to discuss how its Serious & Organised Crime (SOC) Prevent Programme is making significant strides in deterring vulnerable young people from joining Organised Crime Groups in Nigeria.
Launched as a three-year pilot in December 2021, the programme is designed to disrupt Nigerian Organised Crime Groups by redirecting at-risk youth towards positive alternatives in Bayelsa, Edo, Zamfara and Lagos states.
In select local governments of these states, the SOC Prevent Programme has established robust structures and delivered various interventions, including Back-to-School Initiatives, Digital Skills Acquisition, Dance and Drama Workshops and Sports Interventions.
Collaborating closely with the Nigeria Police Force, the programme has trained 83 officers in the Prevent methodology, reinforcing the commitment to institutionalise this approach in tackling Serious & Organised Crime.
To date, approximately 1,500 beneficiaries across the four states have been diverted from potential involvement in organised crime.
Speaking at the meeting, the Acting British High Commissioner to Nigeria, Gill Lever said:
“Serious & Organised Crime is a priority for both Nigeria and the UK, and can take many forms. Ranging from online focussed activities like cybercrime to the physical movement of illicit commodities and people in the form of trafficking.
Our results in Nigeria have proven that the Prevent methodology works, and it has been successful in diverting young people from choosing a life of crime. I believe that the valuable discussions that took place today will smoothen the way for Prevent to be fully institutionalised in Nigeria.”
The meeting included representatives from the Federal Ministry of Justice, Ministry of Police Affairs, the Nigeria Police Force, Nigeria Security & Civil Defence Corps (NSCDC), National Agency for the Prohibition of Trafficking in Persons (NAPTIP), National Drug Law Enforcement Agency (NDLEA), INTERPOL, Office for Strategic Preparedness and Resilience (OSPRE), Ministry of Police Affairs, Defense Intelligence Agency (DIA), Economic and Financial Crimes Commission (EFCC), and others.
The Lagos State Governor, Mr. Babajide Sanwo-Olu, oversaw the signing of a new joint venture partnership between the state-owned corporation, IBILE Holdings Limited, and CIG Motors Company Limited on Monday.
According to the Lagos state government, the partnership involves the acquisition of 5,000 brand-new vehicles for the LAGRIDE fleet, injecting $260 million into Lagos’ economy.
In the coming weeks, the state is set to receive the first delivery of 2,000 vehicles, with the remaining units to be delivered in phases.
Notably, the new fleet will include 1,000 electric vehicles in the state’s efforts to reduce its fossil fuel footprint.
The Governor stated that this initiative is part of his administration’s vision to transform and modernize public transportation.
The goal is to provide the state with an integrated urban transit system, offering a sustainable alternative to the outdated vehicles currently used for transportation.
He noted “This is a transportation solution that we are developing to meet all our citizens’ needs to commute safely and comfortably within the metropolis. We are using our investment arm as a vehicle to execute what will become a successful Joint Venture partnership between Lagos State Government and CIG Motor Company Limited in the acquisition of 5,000 brand new GAC vehicles for the LAGRIDE initiative.”
“The partnership with CIG Motors started two years ago with 1,000 brand new cars and we have seen the benefits to our people in terms of job creation and economic empowerment. We are set to enhance the scope and expand the fleet to extend the e-hailing service to other parts of the State. The introduction of electric-powered vehicles into the fleet is to change the narrative”
Furthermore, Mr. Seun Osiyemi, Commissioner for Transportation, stated that the deal would help LAGRIDE meet the increasing demand and improve customer satisfaction while also enhancing fintech support solutions.
Osiyemi noted that the initiative would create more jobs in driving, maintenance, and administrative roles, boosting the local economy by increasing accessibility and improving the transportation system.
Mr. Tobi Lawal, Managing Director of IBILE Holdings Limited, explained that the collaboration would enhance transportation infrastructure, boost tourism, and improve the aesthetics and efficiency of the state’s transport system.
Official records from the National Bureau of Statistics (NBS), have revealed that Local government Areas from Lagos State got the most allocations this year
The top 10 include Alimosho (N9.27 billion), Ajeromi/Ifelodun (N7.42 billion), Kosofe (N7.33 billion), Mushin (N7.24 billion), and Oshodi/Isolo (N7.21 billion).
Others are: Ojo (N7.14 billion), Ikorodu (N7.01 billion), Surulere (N6.86 billion), Agege (N6.73 billion), and Ifako/Ijaye (N6.63 billion).
Furthermore, local Government Areas (LGAs) in Nigeria got N1.42 trillion from disbursed federal allocations in the first five months of 2024.
This amount is 73% of the N1.95 trillion states got and 75% of the N1.88 trillion allocated to the federal government in the same period.
According to the Federal Account Allocation Committee (FAAC) disbursement reports by the National Bureau of Statistics (NBS), there was a 47% increase in the amount LGAs got, rising from N963.9 billion recorded in the same period of 2023.
There is a notable increase in allocations across each month from 2023 to 2024 for January to May.
In January, the allocation rose from N221.81 billion in 2023 to N288.93 billion in 2024, marking an increase of N67.12 billion (30%)
February saw an even more pronounced rise, with allocations jumping from N183.23 billion in 2023 to N278.04 billion in 2024, an increase of N94.82 billion or 52%.
March continued this upward trend, with allocations increasing from N173.94 billion in 2023 to N267.15 billion in 2024. This increase of N93.22 billion reflects a 54% rise year-on-year.
April saw a particularly large increase, with allocations growing from N171.26 billion in 2023 to N288.69 billion in 2024, a difference of N117.43 billion, translating to a 69% rise.
In May, the allocation increased from N213.67 billion in 2023 to N293.82 billion in 2024. This represents an increase of N80.14 billion, or 38%.
In 2024, the month-over-month trend shows more variability. Allocations decreased from approximately N288.93 billion in January to N278.04 billion in February, a 3.77% decrease.
The downward trend continued into March, with allocations falling to N267.15 billion, representing a 3.91% decrease from February.
However, April saw a reversal of this trend, with allocations increasing to N288.69 billion, an 8.07% rise from March.
May continued this positive trend, albeit with a smaller increase, as allocations rose to N293.82 billion, marking a 1.78% increase from April.
Under the current revenue-sharing formula, the federal government gets 52.68% of the revenue, states 26.72%, and local governments 20.60%. The fund enables the three tiers of government to meet their obligations.
The Supreme Court of Nigeria on Thursday faulted state governments for exploiting the Local Government Areas for “decades”.
The apex court further ordered the federal government to “henceforth” pay a 20.6% allocation from the federation account directly to 774 local government areas accounts for the development of the LGAs.
The verdict was given following the federal government’s suit which sought to stop the governors of 36 states from spending or tampering with 20.6% allocation from the federation account to local government areas, among other reliefs.
The Lagos State Government has designated five operational parks for trucks in the Lekki-Epe corridor as part of a comprehensive strategy to manage truck movements and alleviate congestion.
These parks include Hog Marketing Limited in Okorisan, Epe; Nilmage Two4Seven in Poka, Epe; Goldspeed Freight Agency Ltd. opposite Dangote Refinery on Lekki Coastal Road; Diamond Star Ports and Terminal Ltd. in Abule Panu, Lekki-Epe; and Tal Concept Ltd. at HFP Brick Industry on Lekki-Epe Expressway.
The initiative is in preparation for the launch of an innovative e-call-up system on August 1, 2024, which aims to prevent the traffic issues that have plagued areas like Apapa and Tin Can Ports.
The system, driven by technology and sustainability, will regulate truck movements to ensure smoother logistics operations within the corridor.
An important component of this strategy is the mandatory installation of Radio Frequency Identification (RFID) tags on all trucks.
These tags will facilitate automated tracking and management of truck movements, greatly enhancing efficiency and safety. Measures such as the separation of wet and dry cargo and vehicle inspection services at the parks will also ensure compliance and simplify operations.
The e-call-up system will go beyond reducing congestion to also address environmental issues and decrease the number of accidents caused by heavy truck traffic. This is particularly important given the increased activity expected from major projects like the Dangote Refinery and Lekki Port.
To support this initiative, the Lagos State Government is also focusing on expanding the road network and implementing intermodal transport systems to enhance free movement and efficiency in one of the state’s most critical economic zones.
In anticipation of the system’s launch, a joint task force comprising state and local government agencies, security forces, and stakeholders is working to clear illegal tankers and other obstructions from the roads.
This interim measure is essential for easing current congestion and ensuring the new system’s successful implementation.
Compliance with the e-call-up system will be mandatory, with strict enforcement starting on August 7, 2024. Trucks that do not comply will be impounded.
The government emphasises the necessity of cooperation from all stakeholders, including truck operators and logistics companies, to ensure the initiative’s success.
Active participation and commitment from these groups will be key in creating a more efficient, safe, and environmentally friendly transport environment in Lagos.
The Lagos State Government has declared that beginning October 1, 2024, only Danfo buses that enact the Vehicle Inspection Service (VIS) standards will be permitted to operate on the Lekki-Epe corridor.
This initiative is a core component of the state’s Bus Reform Initiative (BRI), aimed at overhauling commercial bus operations to improve the commuting experience.
The primary goal of the BRI is to revamp the bus system along the Lekki-Epe axis, ensuring a more efficient and safer public transportation network.
Under this initiative, only Danfo buses that meet VIS standards will be allowed to operate as mid-capacity buses.
Added to this, Korope minibuses, which also must comply with VIS standards, will be integrated into the First Mile Last Mile services to serve interior roads stretching from Obalende/CMS to Ajah, specifically targeting areas like Eleko.
As part of this comprehensive reform, all participating buses will undergo roadworthiness checks to ensure they meet the required safety standards.
To further enhance the safety and professionalism of the service, drivers will receive specialised training at the state’s driving institute.
This training is designed to improve their driving skills and ensure adherence to best practices in road safety and passenger service.
To maintain order and efficiency on the Lekki-Epe corridor, designated routes will be assigned to these buses, with strict monitoring in place to ensure compliance.
This measure aims to streamline bus operations, reduce traffic congestion, and improve overall traffic flow within the corridor.
Again, the introduction of an e-ticketing system via the existing Cowry platform is expected to reduce cash transactions and expedite the boarding process, thereby enhancing passenger convenience and comfort.
The initiative also seeks to address the prevalent issue of illegal passenger pickups and unauthorised bus stops along the Lekki-Epe corridor.
In implementing stricter regulations and more vigilant monitoring, the government aims to eliminate these practices, which contribute to traffic congestion and cause safety risks to commuters.
Transport operators on the Lekki-Epe corridor are required to register for new franchises with the Ministry of Transportation. This registration process is essential for maintaining an organised and accountable transport system, ensuring that all operators adhere to the necessary government standards and regulations.
Through these reforms, the Lagos State Government seeks to create a more organised, efficient, and safe public transportation system on the Lekki-Epe corridor, greatly improving the daily commuting experience for thousands of passengers.
Stakeholders in the telecommunications industry have said the Federal Government’s plan to deploy 90,000 kilometers of fiber optic cables across the country will face several obstacles, especially from state governments, that might truncate the project.
According to them, without addressing the current issue of Right of Way charges, multiple taxation, and levies, which are under the control of state governments, the project which is to be implemented through a Special Purpose Vehicle (SPV) would be an exercise in futility.
The stakeholders, who spoke during the Sixth Edition of the Policy Implementation Assisted Forum (PIAFO) in Lagos on Wednesday, cited the botched InfraCo project initiated by the Nigerian Communications Commission (NCC) some years ago as an example of how the new initiative could end.
Presenting a paper on the topic, ‘Harmonizing Nigeria’s Fibre Deployment Strategies for Effective Implementation’ Executive Director of Broadbased Communications, Mr. Chidi Ibisi, noted while the government’s SPV initiative is a good plan that could help the country bridge its current digital infrastructure gap, the government would need to address current challenges.
“The issues of high cost of Right of Way (RoW), destruction of fiber by road construction companies and vandals all need to be addressed for this new SPV initiative to be successful,” he said.
Highlighting some of the challenges telecom operators face when deploying infrastructure, the Group Chief Operating Officer of WTES Projects Limited, Mr. Chidi Ajuzie, said the biggest challenge to fibre cable laying in Nigeria is the informal RoW by hoodlums in states.
“For states, a formal right of way is set and some states are adopting it but the informal side of the right of way is where the complexity has come today.
“If I’m trying to lay fibre in some communities here in Lagos, the first thing that happens is the so-called land owners (omo onile) coming out and a different set of people will keep coming from one street to another and they charge you. How do we achieve adequate broadband infrastructure in this kind of situation?” he said.
Engr. Gbenga Adebayo, the Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) noted that for the 90,000 kilimeters fibre project to succeed, the state governments have to take ownership.
“For the project to succeed, I think the governments at sub-nationals should take ownership. This issue of state governments seeing right of way as IGR should be a thing of the past. We can’t talk about the digital economy on one side and the government is seeing those who provide the services as sources of revenue.
“The government has always come up with good policies, but the implantation, particularly when they are tested far afield is the biggest problem. Governors will go to Abuja and say ‘in my state, I will give right of way free of charge.’
“When you go to such state, they may give you right of way for zero or one Naira, but they will give you developmental levy, education levy, state impact levy, ecosystem levy. When you add all of these together, it is more than the right of way charges. So, who is playing who?” he said.
Earlier in his opening address, the convener of Mr. Omobayo Azeez, PIAFo, said the conference was to create a midpoint dialogue platform for digital economy stakeholders across both the public and private divides to brainstorm, exchange perspectives, clear grey areas, harmonize thoughts and create a sense of collective responsibility towards accelerating our collective prosperity through technical efficiency.
The Federal Government recently launched a Special Purpose Vehicle (SPV) for the delivery of an additional 90,000km of fibre optic cable to complement existing connectivity for universal access to the internet across Nigeria.
According Dr. Bosun Tijani, to the Minister of Communications, Innovation, and Digital Economy, working with partners and stakeholders from the government and private sector, the SPV would build the additional fibre optic coverage required to take Nigeria’s connectivity backbone to a minimum of 125,000km, from the current coverage of about 35,000km.
The Management of Nigerian Education Loan Fund (NELFUND) has announce the onboarding of an additional twelve (12) state government-owned tertiary institutions to the student loan application portal.
Nasir Ayitogo head, Media and Public Relations, Nigerian Education Loan Fund (NELFUND) revealed.
The expansion comes following the successful submission and verification of data completeness and accuracy required from the institutions.
With this latest addition, the total number of participating state government-owned tertiary institutions has now increased from the initial 36 announced earlier to 48. Students data from 121 institutions is outstanding.
Whilst paying a courtesy call on His Excellency the Governor of Osun State in Oshogbo on Tuesday,
Mr Akintunde Sawyerr, NELFUND Managing Director expressed his immense gratitude to all who have submitted their data so far, and gave special recognition to the Governor His Excellency, Senator Ademola Jackson Nurudeen Adeleke for his exemplary leadership in this regard.
The Fund urges all institutions that are yet to submit their students data to the Student Verification Portal (SVS) of the fund to kindly do so to enable their students benefit from the scheme.
It also urges states whose data has been captured and successfully uploaded to urgently sensitize their students to apply, thereby bringing succour to students who are struggling financially whilst also bringing guaranteed revenue to the institutions.
Students from the following state government-owned tertiary institutions can now visit nelf.gov.ng to apply for the loan.
NEWLY ONBOARDED INSTITUTIONS
1.Abia State Polytechnic.
2.Benue State University, Makurdi.
3.College of Education, Waka-Biu.
4.University of Medical and Applied Sciences Enugu State.
5.Aliko Dangote University of science and Technology Wudil, Kano State.
6.KWARA POLYTECHNIC.
7.Lagos State University of Science and Technology.
8.Ibrahim Badamasi Babangida University Lapai, Niger State.
9.Olabisi Onabanjo University
10.Abraham Adesanya
Polytechnic.
11.Taraba State Polytechnic
12.Yobe State University
EARLIER AVAILABLE STATE-OWNED INSTITUTIONS.
1.Adamawa State University, Mubi
2.Ramat Polytechnic, Maiduguri.
3.Borno State University.
4.Mohammet Lawan college of Agriculture, Borno State.
5.Edo State University, Uzairue.
6.Ekiti State University, Ado-Ekiti.
7.Gombe State University
8.Kingsley Ozumba Mbadiwe University, Imo State
9.Imo State University of Agriculture and Environmental Sciences Umuagwo.
10. Nuhu Bamalli Polytechnic, Zaria.
11.Yusuf Maitama Sule University, Kano.
12. Umaru Musa Yar’adua University, Katsina.
13.Katsina State Institute of Technology and Management.
14.Kebbi State University of Science and Technology, Aliero.
15.Confluence University of Science and Technology, Kogi state.
16. Lagos State University of Education.
17.Lagos State University.
18.Nasarawa State University, Keffi.
19. Tai Solarin University of Education, Ogun state.
20. University of Medical Sciences, Ondo.
21. Osun State University.
22. UNIVERSITY OF ILESA, OSUN STATE.
23. GTC, ARA Osun State.
24. GTC, GBONGAN Osun State.
25. GTC, IJEBU-JESA Osun State
26. GTC, ILE-IFE Osun State
27.GTC, INISA Osun State
28 GTC, IWO Osun State
29. GTC,OSU Osun State
30. GTC, OTAN AYEGBAJU Osun State.
31. OSUN STATE COLLEGE OF EDUCATION, ILA-ORANGUN.
32. GOVERNMENT TECHNICAL COLLEGE ILE-IFE
33. OSUN STATE COLLEGE OF TECHNOLOGY.
34. Taraba State University, Jalingo
35. Umar Suleiman College of Education, Gashua, Yobe State
The Nigerian Education Loan Fund (NELFUND) has announce that students enrolled in the following 36 state-owned tertiary institutions can now apply for student loans, effective 7th July 2024.
The management of these institutions have successfully submitted their student data to the NELFUND Student Verification System (SVS).
“We urge all other state-owned tertiary institutions to submit their complete student data to the NELFUND Student Verification System timely to enable their students benefit from the scheme”, the Fund said.
Students from the following institutions can now apply:
Adamawa State University, Mubi
Ramat Polytechnic, Maiduguri
Borno State University
Mohammet Lawan college of Agriculture, Borno State
Edo State University, Uzairue
Ekiti State University, Ado-Ekiti
Gombe State University
Kingsley Ozumba Mbadiwe University, Imo State
Imo State University of Agriculture and Environmental Sciences Umuagwo
Nuhu Bamalli Polytechnic, Zaria
Yusuf Maitama Sule University, Kano
Umaru Musa Yar’adua University, Katsina
Katsina State Institute of Technology and Management
Kebbi State University of Science and Technology, Aliero
Confluence University of Science and Technology, Kogi state
Lagos state university of education
Lagos State University
Nasarawa State University, Keffi
Tai Solarin University of Education, Ogun state
University of Medical Sciences, Ondo
Osun State University
University of Ilesa, Osun State
GTC, ARA Osun State
GTC, GBONGAN Osun State
GTC, IJEBU-JESA Osun State
GTC, ILE-IFE Osun State
GTC, INISA Osun State
GTC, IWO Osun State
GTC,OSU Osun State
GTC, OTAN AYEGBAJU Osun State
Osun State College of Education, Ila-Orangun
Government Technical College, Ile-Ife
Osun State College of Technology
Taraba State University, Jalingo
Umar Suleiman College of Education, Gashua, Yobe State
As the Center of Excellence, Lagos continues to thrive as a hub for various sectors, including technology. Lagos Startup Week is poised to take center stage again, bringing together founders, investors, government officials, and technology enthusiasts. With the theme ‘Limitless,’ the event promises to showcase an entrepreneurial atmosphere where innovation knows no bounds.
To attend the Lagos Startup Week, there is a need for you to sign up for your tickets. You can get them for FREE at www.lagosstartupweek.com. Each ticket gives you access to our interesting activities for the entire event week – July 8th to July 13th, 2024.
The agenda for this year features a variety of sessions for exploration and participation, such as Lagos Startup Week’s Campus Day, our famous innovation tour, and panel sessions across our popular tracks – Founders and Funders, Women Who Launch, and Dev Jam. Throughout the event, attendees will enjoy various startup spotlights, and relive the limitless experience on all counts.
Learn more about activities to look forward to this year by going through the event agenda:
Day One & Day Two: Monday, July 8th 2024 – Tuesday, July 9th 2024
The week commences with a two-day career development workshop, featuring masterclasses and hands-on sessions designed to empower future job seekers and tech enthusiasts alike. Covering a spectrum of topics such as product management, Python programming, and career transitions into tech, these sessions cater to both beginners and experienced professionals.
Day Three: Wednesday, July 10th 2024
This year’s innovation tour invites participants to explore the vibrant Lagos startup scene, showcasing some ecosystem players. Previous attendees have had the opportunity to visit pioneering companies such as Paystack, Microsoft, TalentQL, and ZoneTech Park, gaining firsthand insights into their innovative practices and contributions to the tech landscape.
This year promises an equally exhilarating experience, with the innovation tour designed to offer an immersive journey. It will highlight the dynamic evolution of Lagos’ tech ecosystem, allowing participants to engage with industry leaders and see how these companies are driving change both locally and globally.
Day Four: Thursday, July 11th 2024
On the first day at the Federal Palace Hotel, the exhibition floors will open, inviting attendees to explore cutting-edge products and startup spotlights. Panel sessions such as ‘Beyond Borders: Understanding the African Ecosystem’ will provide valuable insights into the unique opportunities and challenges within the African tech landscape.
It is a prime opportunity to engage in conversations with successful entrepreneurs, who will share their journeys, challenges, and the secrets behind their successes.
Day Five: Friday, July 12th 2024
The second full day begins with a masterclass on attracting and retaining top talent led by Ventures Platform followed by a discussion led by Business Insider on scaling startups through strategic distribution channels.
Throughout the day, participants can attend three additional masterclasses: digital disruption, data security, and leveraging technology in healthcare. Each session is designed to equip participants with critical skills and knowledge in these pivotal areas.
Special sessions include ‘Women Who Launch,’ celebrating and empowering female entrepreneurs, and the Aurora Tech Award, recognizing female-founded and funded startups. Partnering with track leader, Isioma Utomi, the ‘Women Who Launch’ panel will host an inspiring discussion tagged “EmpowerHER: Catalyzing Women’s Success in the African Tech Ecosystem.” The panel will feature Somachi Chris-Asoluke, CEO, The Tony Elumelu Foundation; Mope Abudu, Managing Partner and Co-founder, AfriGloCal VC; and Amaka Opara, Founding Partner, WEAV (Women’s Enterprise Acceleration Vehicle).
Celebrating female entrepreneurs through Aurora Tech Awards, founders like Damilola Olokesusi, Co-founder, Shuttlers; Jumoke Dada, Founder, Talieo; Eniola Edun, CEO & Co-founder, Gamr; and Ifeoma Nwobu, Co-founder, Sendstack, will share the spotlight to be recognized and to recognize fellow women.
According to Isioma Utomi, CEO of Catalyst Experience Solutions and track leader, Women Who Launch, women ought to be recognized better for how far they’ve come in dialing up representation in the startup ecosystem.
“Empowering women isn’t just the right thing to do, it’s the smart thing to do. The ‘Women Who Launch’ track at Lagos Startup Week celebrates the trailblazing spirit of female entrepreneurs in the ecosystem, paving way for a more inclusive and innovative future. We need to celebrate platforms like Lagos Startup Week, that allow women to shine and advocate for even stronger representation.”
Olumide Olayinka, Co-founder, Prime Startups, the governing corporate company driving Lagos Startup Week in the last nine years said that the firm’s approach to female participation in the ecosystem has been very intentional and strategic.
“Limitless, the theme for this year strongly resonates with women. We have seen this in the way that they have broken through barriers, taken a seat at every table across the globe, built and scaled their businesses with limited access to funding and support. Yet, they still keep at it. This is why women’s participation is at the core of Lagos Startup Week.”
Olayinka stated that in 2023, Lagos Startup Week realized 45% female participation, and there are plans to increase this number in the ninth edition.
“Last year, we had over 4500 females register and attend Lagos Startup Week. This year, we have seen even more interest from females through their registration and we are positive that we will surpass our record of female participants. We are intentional about leading this year’s event with women, including them in panels other than the ‘Women Who Launch’ track. There are so many stories to be told about these women shaping new narratives in tech, and we are excited that our audience will get to hear it all in a few days from now.”
Investor and founder sessions will also explore topics such as VC-founder dynamics, emerging trends in logistics and mobility, and global investors exploring Africa’s thriving tech ecosystem. Speakers across these sessions will include Tito Cookey-Gam, Principal, Partech; Lexi Novitske, CFA, Norrsken 22; Tosin Faniro-Dada, Partner, Breega; Mope Abudu, Managing Partner, Afriglocal VC; Kayode Adeyinka, Co-founder, Gigmile; Deepankar Rustagi, Co-founder & CEO, Omniretail; Damilola Thompson, Partner and Co-founder, Diligence Africa, and others.
The day concludes with Demo Day, featuring innovative startups, and an investment readiness session focusing on startup governance dynamics. This fifth day is one of the few full-day events during Lagos Startup Week, running from morning till evening, ensuring an intensive and enriching experience for all participants
Day Six: Saturday, July 13th 2024
On the final day of Lagos Startup Week, the focus remains on sharing valuable insights and fostering networking opportunities. The day begins with sessions covering topics such as growing influence as a designer, developing product strategy, and navigating employment law challenges while scaling a startup amidst global competition.
The week concludes with the “Leaders in Tech” networking event, where participants can connect with industry leaders, exchange ideas, and build valuable relationships to propel their ventures forward.
As the D-day gears closer, prepare to go in to seize the best opportunities of your life. Read up about our speakers, draw up a list of potential connections, write down questions you have for industry models, and own the grounds of the Federal Palace Hotel, because you deserve to be there!
Register now at www.lagosstartupweek.com to save a seat.
Lagos recently played host to a delegation of German entrepreneurs, innovators and investors, underscoring the importance of exchange programs in bridging talent and opportunities across continents.
The visit, organized by the Delegation of German Industry and Commerce in Nigeria (AHK Nigeria) and German Corporation for International Cooperation (GIZ) aimed to foster international collaboration between Germany and Nigeria.
German Delegation Courtesy visit to Olatunbosun Alake, Honorable Commissioner, mimistry of Innovation Science and Tech. L-r: Marc Wasserek (Co-founder Neudorfer); Kai Wageringe; Alicia Reimer (Founder Alo Akademia); Aditi Mishra (Chief Innovation Officer, Cynteract), and Gernot Sümmermann (Founder Cynteract).
One of the critical areas of focus was the health sector.
Gernot Sümmermann, founder of Cynteract, highlighted a significant issue:
“There are not many physiotherapists in the country.
“Not enough therapists and healthcare which we confirmed. Some Nigerians complain about their parents not having access to basic healthcare in local areas, especially physiotherapy.”
This sentiment was echoed by Aditi Mishra (the chief innovation officer of Cynteract) who, despite the warm reception in Nigerian hospitals, noted the need for improved healthcare infrastructure and support from the government.
Some of the delegates
The delegates also pointed out the complexities in the regulatory framework.
“There are Federal and State taxes on productions. There are also no clear guidelines on how to operate here, which makes it challenging and complicated. We will have to import everything which is unfortunate. The case is different in Rwanda given the government’s receptiveness to change and development” said Gernot.
This regulatory uncertainty makes it difficult for foreign entrepreneurs to establish a manufacturing base in Nigeria, a goal many had hoped to achieve.
The delegates were particularly impressed by the potential of Nigeria’s young talent pool. With 60% of Africa’s population under the age of 25, there is immense opportunity for growth and development.
However, as Brian Mohr, founder of Brian Mohr Consulting, pointed out,
“Mobility for young people is a challenge in Nigeria. Transportation system is subpar here in Nigeria. The government needs to step in as mobility rides on the back of existing infrastructure.”
Alicia Reimer, founder of Alo Akademia, emphasized the need for structural changes. “It is important to close the education gap between the poor and the rich. This is a structural problem.
Courtesy visit to Olatubosun Alake, commissioner, Ministry of Innovation Science and Technology
“From my observation, Nigerians are open to development and there are innovators ready to solve these problems. But there is a need for good structures and systems to support innovation and growth” she said. Her vision includes creating free open spaces where children can safely work on their ideas and connect with others, thus avoiding being a victim of the system.”
Talent export and training infrastructure were also key topics during the visit. Deborah Aboagye, founder and CEO of Ivory Tech Hub, noted the need for high-quality training to develop local talent.
“Nigeria has a lot to offer with respect to talent and skilled people. Yes, they are available, but they are not so useful for the complexities global companies are working on a day-to-day basis,” she said. Aboagye also highlighted the need for step-by-step progress evaluation to assess eligibility for global opportunities, and stressed the importance of investing in talent to create a win-win situation for everyone.
While hosting the delegates at The Nest, Oluwajoba Oloba, founder of The Nest Innovation and Technology Park said “We are proposing to the government to help educate out-of-school children. We are looking to build infrastructures which provide young children opportunities to explore their creativity.” he said. Despite the challenges, Oloba remains optimistic: “All my cards are on Nigeria.”
The tech sector was another area of interest. Kaif Ali, founder of Space Era, stressed the importance of communicating value on the continent.
“There’s a big gap of awareness and in communicating value in Nigeria and Africa as a whole,” he said. Ali emphasized the need for better strategies to track development and communication to attract foreign investments.
The visit also highlighted the need for collaboration and mutual growth. As the delegates engaged with over 40 companies across various sectors, they gained invaluable knowledge and identified potential avenues for partnerships.
This exchange program has opened up new opportunities for growth, innovation, and mutual prosperity between Germany and Nigeria.
While the visit highlighted numerous challenges, it also underscored the immense potential for collaboration and growth.
Strengthening ties with Nigerian businesses and entrepreneurs is vital for creating sustainable economic development and innovation in Africa.
The Nest Innovation and Technology Park played a huge role in introducing the delegates to entrepreneurs, high-profile innovators and organizations in Nigeria.
As these relationships continue to develop, the future looks promising for Germany and Nigeria.
