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South-East Startup Boom Gains Momentum as 210 Ventures Advance in Funding Race

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By Gloria Ikibah

The South East Development Commission has moved 210 startups into the next phase of its venture capital programme, marking a major step in its push to boost innovation and enterprise across the region.

The shortlist emerged from a pool of more than 1,200 applications submitted by entrepreneurs from across the South East, reflecting growing interest in technology-driven business solutions.

In a statement signed by the Executive Director, Finance and Chairman of the programme, Rt. Hon. Stanley Ohajuruka, the selected group includes 128 startups placed in the Incubator Track and 82 in the Accelerator Track, each targeting different stages of business development.

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He said the selection followed a rigorous and structured screening process designed to ensure only the most viable and scalable ideas progressed.

The Commission described the outcome as a significant milestone in its broader strategy to nurture innovation, support emerging businesses and strengthen the region’s entrepreneurial ecosystem.

It also pointed to the strong quality and volume of applications as evidence of a rising wave of enterprise, particularly in sectors driven by technology and innovation.

Strict evaluation benchmarks were applied throughout the process, with emphasis placed on transparency, credibility and maintaining high standards as the programme advances.

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The statement read:“The  evaluation  process  was  designed  to  ensure  fairness,  consistency,  and  alignment  with  the objectives of the program. Applications were first screened for eligibility, including demonstrable ties to the South East, the presence of a meaningful technology component, and full compliance with submission requirements.

“Eligible startups were then assessed across key criteria such as problem–solution  fit,  execution,  market  opportunity,  and  technology.  For  more   advanced ventures, traction and revenue were critical considerations, while early-stage startups were evaluated based on validation and evidence of emerging demand.”

The Commission said the startups that made it to the next stage showed strong potential for growth and scalability.

“The startups advancing to this stage have demonstrated clarity of thought, tangible progress, and credible potential for scale. They now proceed to the next phase of the competition, which will involve a video pitch assessment designed to provide deeper insight into founder capability, strategic thinking, and execution readiness”, it added.

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The Commission further announced that the competition will climax in May with a grand finale and investment ceremony.

“The competition will culminate in a Grand Finale scheduled for Monday, May 25, 2026, where top- performing  startups  will  present  their  ventures  before  a  live  audience  of  investors,  operators, policymakers, and other key stakeholders within the innovation ecosystem.

“This will be followed by an Investment Ceremony scheduled for Tuesday, May 26, 2026, where selected startups will receive funding and enter the next phase of structured support under the SEVCP.

“The  South  East  Development  Commission  remains  committed  to  building  a  strong  pipeline  of investable ventures,  strengthening  the regional  innovation  ecosystem,  and  creating pathways  for startups to scale sustainably.

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“We extend our appreciation to all founders who applied and to our ecosystem partners, Genesys Tech Hub, Startup South, and The Garage, for their role in supporting a credible and high-quality evaluation process. The work continues,” it stated.

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Atiku alleges ₦8.8tn off-budget spending, demands probe of Tinubu administration

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Former Vice President Atiku Abubakar has called for an immediate investigation into what he described as alleged off-budget public expenditure amounting to about ₦8.8 trillion, following findings contained in the latest International Monetary Fund (IMF) Article IV consultation on Nigeria.

In a statement posted on his verified Facebook page on Saturday, Atiku said a Reuters report published on July 1, 2026, quoting the IMF, indicated that public expenditures equivalent to about 2 per cent of Nigeria’s Gross Domestic Product (GDP) were not captured in recent official budgets.

According to him, the alleged omission translates to approximately ₦8.8 trillion, which he claimed was spent outside Nigeria’s statutory budgetary framework.

The former presidential candidate described the development as “the most consequential act of fiscal impunity in Nigeria’s recent democratic history,” urging Nigerians, the media, civil society organisations, the National Assembly and other democratic institutions to demand accountability.

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Atiku alleged that the unrecorded expenditures arose from large-scale government projects executed outside the official budget, arguing that such spending bypassed legislative oversight, procurement regulations and scrutiny by the Auditor-General.

He further claimed that the alleged practice mirrored what he described as an off-budget revenue management model previously operated in Lagos State, alleging that it had now been replicated at the federal level.

The former vice president also alleged that about ₦800 billion had been unlawfully deducted from statutory allocations due to state governments, claiming the funds were diverted without constitutional or legislative approval.

According to him, the combined value of the alleged off-budget expenditures and deductions from state allocations suggested the creation of a political war chest ahead of the 2027 general elections.

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Atiku further linked the allegations to the recent controversy surrounding the Presidential Foreign Intervention Promotion Council (PFIPC), describing both issues as evidence of what he termed a pattern of fiscal opacity.

He argued that while Nigerians had been subjected to economic reforms, including fuel subsidy removal, exchange rate adjustments and high interest rates, significant public funds were allegedly being spent outside official budgetary processes.

The former vice president maintained that greater fiscal transparency could have provided resources to stimulate economic growth, support businesses, create jobs and stabilise the economy.

He called on the National Assembly to immediately convene investigative hearings into the IMF findings and urged the Auditor-General of the Federation to conduct a comprehensive audit of all alleged off-budget expenditures.

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Atiku also demanded that the Federal Government publish details of all projects executed outside the approved budget, including contractors involved, procurement processes followed and officials who authorised the spending.

He further called on the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other anti-corruption agencies to investigate the alleged unrecorded expenditures and deductions from state allocations.

“The National Assembly must convene emergency investigative hearings on the IMF’s findings without further delay,” Atiku said.

He added that the Federal Government should restore the alleged ₦800 billion deducted from state allocations and provide a full account of how the funds were utilised.

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The former vice president urged civil society groups, professional bodies, the business community and international development partners to press for greater transparency and accountability in public finance management.

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Immigration graduates 62 senior officers from Command Course

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The Nigeria Immigration Service, NIS, has graduated 62 senior officers from the 13th Command Course.

The Comptroller-General of the Service, Mrs Kemi Nanna Nandap expressed the Service’s unwavering commitment to leadership development and institutional capacity building following the development.

Nandap charged the 62 graduating senior officers of the 13th Command Course, drawn from Commands and Formations across the Service, to uphold professionalism, integrity, and excellence in leadership upon completion of the three-month intensive training focused on strategic leadership, Border Security, and Migration Management.

Mrs Nandap was represented at the graduation ceremony by the Assistant Comptroller-General in charge of the Directorate of Human Resource Management, ACG SU Agba.

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According to the Public Relations Officer of the NIS, Akinsola Akinlabi, the officers graduation ceremony was held at the Immigration Command and Staff College (ICSC), Sokoto.

Akinlabi said the Commandant of the Immigration Command and Staff College, ACG A.D. Bagari, also commended the Officers for successfully completing the rigorous training programme.

He urged them to apply the knowledge and leadership skills acquired during the course to improve operational effectiveness, remain responsive to the demands of public service, and continue to demonstrate vigilance in safeguarding Nigeria’s borders.

He said the Immigration boss reaffirmed the Service’s resolve to build a highly professional, disciplined, and technology-driven workforce capable of effectively addressing emerging migration and Border Security challenges.

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He encouraged the graduating officers to justify the confidence reposed in them by exhibiting integrity, accountability, innovation, and transformational leadership in the discharge of their responsibilities.

Other highlights of the ceremony included the conferment of the Pass Command Course (PCC) honour on the 62 graduates and presentation of awards to outstanding participants by the representative of the CGI and other distinguished guests, as well as the decoration of Course Provosts with a Badge of Honour by the Commandant in recognition of their exemplary service.

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Step-By-Step Guide To Apply For 2026 FRSC Recruitment

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The Federal Road Safety Corps (FRSC) has opened its recruitment portal for the 2026 nationwide recruitment exercise, inviting qualified Nigerians to apply for vacancies across its Officer, Marshal Inspectorate and Road Marshal Assistant cadres.

The application portal will remain open for four weeks, while the Corps has emphasised that the recruitment exercise is free of charge and warned applicants against paying anyone for employment.

Interested applicants are advised to ensure they meet the eligibility requirements for their preferred cadre before beginning the registration process.

Below is a step-by-step guide on how to apply for FRSC recruitment.

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Step 1: Confirm your eligibility

Applicants must be Nigerian citizens by birth, medically, physically and psychologically fit, single, and of good character with no criminal record.

Male applicants must be at least 1.65 metres tall, while female applicants must have a minimum height of 1.58 metres.

Step 2: Choose your preferred cadre

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Applicants should select the cadre that matches their qualifications.

Officer Cadre: B.Sc., B.A., HND, MBBS, LLB, B.Pharm or B.Eng., with a valid NYSC discharge or exemption certificate. Age limit: 18 to 35 years.

Marshal Inspectorate Cadre: ND, NCE, Registered Nurse/Midwife (RN/RM) or CHEW qualification. Age limit: 18 to 30 years.
Road Marshal Assistant Cadre: Minimum of three to five O’Level credits, including English Language and Mathematics. Age limit: 16 to 30 years.

Drivers and Riders: O’Level qualification, valid driver’s licence and relevant trade certificate where applicable. Heavy truck drivers must be between 26 and 40 years.

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Step 3: Get your documents ready

Before starting the application, applicants should have the following:

National Identification Number (NIN)
Primary and secondary school certificates
Tertiary institution certificates and transcripts (where applicable)

NYSC discharge or exemption certificate
Local Government Certificate of Origin
Birth certificate or age declaration
Recent passport photograph
Valid email address and phone number

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Step 4: Visit the recruitment portal
Go to the official FRSC recruitment portal at recruitment.frsc.gov.ng and create an applicant account using your email address, phone number and NIN. Applicants are advised to avoid unofficial websites.

Step 5: Verify your account

After registration, check your email for the activation link sent by the FRSC and verify your account before proceeding with the application.

Step 6: Complete the application form

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Log in to the portal, choose your preferred cadre and accurately fill in your personal information, educational qualifications, contact details, next-of-kin information and work experience where applicable.

Step 7: Upload your credentials

Upload scanned copies of the required documents and passport photograph, ensuring all files meet the specified requirements.

Step 8: Submit and print your acknowledgement slip

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Review your application carefully before clicking the submit button.

Applicants are advised to print the completed application form and acknowledgement slip immediately after submission, as both documents will be required during the screening and Computer-Based Test (CBT) for shortlisted candidates.

The FRSC reiterated that the recruitment exercise is free and urged applicants to report anyone demanding payment or promising employment in exchange for money.

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