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JUST IN: Tinubu’s Govt approves N110bn for youth empowerment nationwide to tackle poverty

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By Kayode Sanni-Arewa

The Federal Government has approved N110 billion to revitalise the National Youth Investment Fund (NYIF) for the empowerment of youths in the country

Minister of Youth Development, Dr. Jamila Bio – Ibrahim, disclosed this during the closing ceremony of the ministry’s two – day management retreat on presidential priorities and deliverables with the theme: ‘Achieving the Eight Presidential Priorities and Deliverables’ in Abuja on Friday.

Bio – Ibrahim stated that the funds, which have been approved under the 2024 fiscal year, would serve as a cornerstone for youth empowerment.

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She said the fund is not just a financial reservoir but a catalyst for youth entrepreneurship and innovation aimed at bridging the gap between ambition and opportunity.

 

In a statement on Saturday in Abuja by the Director, Press and Public Relations of the ministry, Omolara Esan, the minister stated that President Bola Tinubu administration was committed to empowering every Nigerian youth through actionable policies and innovative programmes which align with the Renewed Hope Agenda.

The minister said: “We celebrate the rejuvenation of the National Youth Investment Fund, approved by the Federal Executive Council to restart with an allocation of N110 billion for the 2024 fiscal year. This fund will serve as a cornerstone for youth empowerment, bridging the gap between ambition and opportunity.

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“The fund is not merely a financial reservoir but a catalyst for youth entrepreneurship and innovation. It represents our commitment to transforming the economic landscape by investing directly in the potential of our young people.

“The Federal Executive Council also approved: the integration of Skills and Entrepreneurship Development into the NYIF program; the immediate transition of the NYIF Committee into an interim coordinating unit for project management office, pending the drafting and passing of an executive bill for the Establishment and the Institutionalisation of the National Youth Fund by the National Assembly. Also approved by the FEC is the investment of N5 Billion in the soon to be established Youth Development Bank.”

The minister explained that the Retail Development Financial Institution will be dedicated to providing financial solutions tailored specifically for young entrepreneurs, youth-backed ventures, and youth-sector enterprises.

She added that with an initial capitalisation of N10 billion, the bank was poised to be a pillar of support for youth-led enterprises, offering not just loans and equity but development, guidance, mentorship, and a network of resources.

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She said: “National Youth Development Bank (NEXTGEN BANK), a pioneering effort in partnership with the Bank of Industry, and their private sector partners, represents a ground-breaking stride towards economic independence for our youth. With an initial take-off shareholders fund of N10 billion, this institution will be instrumental in nurturing young entrepreneurs and innovators who are the bedrock of our nation’s future. The Retail Development Financial Institution will be dedicated to providing financial solutions tailored specifically for young entrepreneurs, youth backed ventures and youth sector enterprises. With an initial capitalisation of N10 billion, the bank is poised to be a pillar of support for youth-led enterprises, offering not just loans and equity but development, guidance, mentorship, and a network of resources.

“The Bank of Industry will be investing N2.5 billion and their private sector partners have committed to the balance of N2.5 billion investment and the bank will be private-sector managed.”

The minister said the government would soon commence the rehabilitation and transformation of youth development centres across the country.

“These centres will be transformed into hubs of technical, digital, and creative skills training; bastions of social, political, and cultural engagement, amongst our youths; and sanctuaries for mental health and combating the scourges of substance abuse and social decay. By investing in these centres, we are investing in safe spaces that foster the holistic development of the Nigerian youth,” she added.

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She added: “These initiatives are just the beginning. The path we are charting today is comprehensive and designed to tackle the challenges faced by our youth head-on. But these plans cannot reach their full potential without your dedicated cooperation and active participation.

“We must enhance our synergy and focus our efforts on delivering the results every Nigerian youth deserves, which our Leader, His Excellency President Bola Ahmed Tinubu, demands of us.”

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Disclaimer: NDLEA alerts public on fraudulent auction offers impersonating officials

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The National Drug Law Enforcement Agency (NDLEA) has drawn attention to a fraudulent scheme orchestrated by criminal elements and scammers targeting unsuspecting members of the public.

The fraudsters have been found using the names of top NDLEA officials, most notably the Secretary to the Agency, Barrister Shadrach Haruna, to issue fake private letters and messages offering cheap forfeited vehicles for sale on auction.

The public is hereby notified that these offers are a complete scam. The Agency wishes to categorically state that these fraudulent offers are a malicious gimmick designed solely to defraud targeted individuals of their hard-earned money.

No official of the Agency has the mandate to privately offer, allocate, or sell forfeited vehicles or any other seized assets to individuals. Vehicles and other assets forfeited as proceeds of drug crimes are strictly auctioned through public processes managed by appointed, government-registered auctioneers. Any legitimate auction exercise is widely publicized in national dailies and through the Agency’s official channels, in line with established legal and public procurement guidelines.

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Members of the public are strongly urged to discountenance, ignore, and report any such private letters, text messages, or social media offers claiming to originate from Barrister Shadrach Haruna or any other NDLEA official.

The NDLEA remains committed to maintaining transparency and integrity in all its operations. Do not fall victim to these criminal elements. If you are approached with such fraudulent offers, please report immediately to the nearest NDLEA command or via our official communication channels.

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2027 reggae dance: New ADC presidential candidate emerges

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By Kayode Sanni-Arewa

A faction of the African Democratic Congress (ADC) led by Nafiu Gombe has picked Professor Chris Uba as its presidential candidate for the 2027 general election.

The party disowned former Vice President Atiku Abubakar as its flag bearer.

The group said the party had already completed its presidential nomination process in line with its constitution and the Electoral Act, adding that Uba emerged as the recognized candidate after all required procedures were concluded.

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The faction also disowned the National Working Committee headed by former Senate President David Mark, saying it has no constitutional or legal authority to act on behalf of the party.

It maintained that the recognized leadership of the ADC remains in charge of the party’s affairs.

According to the statement released on Wednesday, the clarification became necessary to stop attempts to create confusion about the party’s position ahead of the 2027 general elections.

The group said the ADC had not entered into any alliance, merger or coalition with any political party.

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added that the party remains independent and intends to contest the elections with its own structure, manifesto and leadership.

The faction said it believes Uba has the experience, character and capacity to lead the country if elected in 2027.

It also warned Atiku against presenting himself as the ADC’s presidential candidate, saying such a claim is false and could mislead party members and the public.

The group added that the ADC would not allow its platform to be used by politicians pursuing personal ambitions or by coalition groups seeking to take over the party’s structure.

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It said every constitutional and legal step would be taken to protect the party from what it described as unauthorised use of its name and platform.

The faction also dismissed reports suggesting that there were plans to stop the ADC from participating in the 2027 elections, expressing confidence in the Independent National Electoral Commission and the country’s electoral process.

It said the party is preparing to present candidates for the presidency, governorships, National Assembly, state assemblies and local government elections across the country.

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ANGER: Three Brothers Face Murder Charge for Beating man to death for dating Their Mom

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Three brothers have appeared before the Mbabane Magistrates Court in Swaziland on a murder charge following the brutal de@th of their mother’s boyfriend.

The accused, Mlondi Mbuli, 25, Sakhelwe Mbuli, 18, and Lindani Mdziniso, 23, all from the Hholoshini area in Eswatini’s Hhohho Region, are alleged to have fatally assaulted Njabulo Ngwenya on June 28, 2026.

According to police, the brothers att@cked Ngwenya with bricks, stones, sticks, open hands, and kicks to different parts of his body. Investigators allege the assa¥lt was motivated by the brothers’ belief that Ngwenya was having a relationship with their biological mother.

Court records state that the incident was reported after Sibongile Motsa, also from Hholoshini, informed police that she discovered her son, Njabulo Ngwenya, lying deed inside her sister’s house at about 1 a.m. on June 28, 2026.

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The matter came before Principal Magistrate Sfiso Vilakati during the trio’s initial court appearance.

The three defendants have been remanded in custody until July 10, 2026, pending committal of the case to the High Court for further proceedings.

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