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NNPC unveils business opportunities for youth corps members

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7 months ago

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A total of 2,659 members of the National Youth Service Corps across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise.

According to a statement issued by the Chief Corporate Communications Officer

NNPC Ltd, Olufemi Soneye, billed to hold from July 2 to 10, 2024, the exercise is an integral part of the NNPC Foundation’s Financial Literacy programme for Nigerian youths that witnessed the engagement of over 284,000 corps members, who underwent rigorous training and assessments.

Speaking on the exercise, the Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, said the selection criteria would focus on the feasibility and sustainability of the business idea, market relevance, competitive edge and innovation, scalability, the potential impact on the community, and the entrepreneurial spirit of the corps members.

“We have identified these 2,659 individuals who are ready to present their business ideas to a distinguished panel of assessors,” Arukwe stated.

Arukwe informed that the Financial Literacy Programme is aligned with the NNPC Foundation’s mission of equipping young Nigerian graduates with the necessary skills for personal and professional development.

“By educating corps members on financial management and entrepreneurship, the program aims to empower them to become economically self-sufficient and to contribute positively to society,” she added.

During the pitching exercise, projects that stand out will receive startup packs, business advisory services, and opportunities to scale their ventures.

In a related development, the management of the NNPC Foundation has facilitated a significant 50 per cent reduction in the registration fee for corps members’ businesses with the Corporate Affairs Commission (CAC).

The NNPC Foundation is the Corporate Social Responsibility arm of NNPC Limited. Its initiatives focus on enhancing Nigeria’s socio-economic development through targeted interventions in education, health, the environment, access to energy and youth empowerment to foster economic empowerment, promote entrepreneurship, and support sustainable development across the nation.

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Education

FG approves establishment of Bola Tinubu polytechnic

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22 hours ago

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January 21, 2025

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The Nigerian Government has approved the establishment of Bola Ahmed Tinubu Federal Polytechnic in Gwarinpa, Abuja.

This move is part of a national effort to ensure that every state in Nigeria has at least one federal polytechnic.

The decision, made public in a letter dated January 9, 2025, was addressed to Nyesom Wike, the Minister of the Federal Capital Territory, by Education Minister Dr. Tunji Alausa.

The letter, which was received by Wike’s office on January 16, 2025, urged the FCT Minister to propose possible locations for both the temporary and permanent sites of the polytechnic in Gwarinpa.

A team from the Federal Ministry of Education and the National Board for Technical Education will assess the suggested locations before final approval.

The new institution aims to foster training in technology, vocational skills, and entrepreneurship.

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Education

ASUU kicks against Senate attempt to dismantle the Tertiary Education Trust Fund (TETFund) through the proposed tax reform bill.

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7 days ago

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January 15, 2025

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The Academic Staff Union of Universities (ASUU) has warned the National Assembly and the National Economic Council against any attempt to dismantle the Tertiary Education Trust Fund (TETFund) through the proposed tax reform bill.
In a press conference at Bayero University, Kano, on Wednesday, ASUU Zonal Coordinator for Kano Zone, Professor Abdulkadir Muhammad, stressed that the union would not stand by while its key initiative is dismantled.

Titled Nigeria Tax Bill 2024 and Its Consequences on TETFund: Killing the Brainchild of ASUU, Professor Muhammad argued that Nigerian universities could face imminent collapse if the bill currently before the assembly is passed

Read the full story www.ekwutosblog.com follow our social media handles @ekwutosblog

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Education

Ibadan stampede: Court grants Principal, Hamzat, Silekunola bail

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January 13, 2025

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An Oyo State High Court sitting in Ibadan, the state capital, has granted bail to the principal of Islamic High School, Bashorun, Ibadan, Mr. Abdullahi Fasasi; the proprietor of Agidigbo FM, Alhaji Oriyomi Hamzat; and Olori Naomi Silekunola, an estranged wife of the Ooni of Ile-Ife, Oba Enitan Adeyeye Ogunwusi.

The bail was granted by Justice K.B. Olawoyin on Monday.

Our correspondent reports that the trio were granted bail after the judge listened to the arguments of their counsels.

DAILY POST reports that the three were being prosecuted over a stampede that occurred at the school.

No fewer than thirty-five children died during the incident, which happened on Wednesday, December 18, 2024.

An Oyo State Magistrate Court in Iyaganku had earlier ordered that the trio be remanded at the Agodi Correctional Facility.

Details later…

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