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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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Breaking: Finally police rescue Adelabu’s sister, her twins

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By Kayode Sanni-Arewa

Operatives of the Nigeria Police Force have rescued Olaide Busayo Adegoke John-Paul, the sister of a former Minister of Power, Adebayo Adelabu, and her 12-year-old twin sons: Peter and Paul.

According to available information, they were rescued at about 7:30pm on Saturday in a heavy gun duel with their abductors.

Sources revealed that no fewer than two of the kidnappers were neutralised, while others escaped with gunshot wounds.

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Recall that John-Paul and her twins were kidnapped on June 3, 2026 around 7:30am while she was driving them to school.

Details shortly…

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‘If You Can’t Halt Insecurity, Step Aside’ — Apostle Suleman

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The General Overseer of Omega Fire Ministries International, Johnson Suleman, has urged President Bola Ahmed Tinubu to consider stepping down if his administration is unable to effectively tackle the growing insecurity threatening lives and livelihoods across Nigeria.

The outspoken cleric made the remarks while addressing members of his congregation during a church service, where he expressed concern over the persistent wave of terrorism, banditry, kidnappings, and violent attacks in different parts of the country.

Suleman argued that the government’s approach to combating insecurity must shift from targeting only armed attackers to identifying and dismantling the networks of individuals allegedly financing and sustaining terrorist activities.

According to him, the true challenge facing Nigeria is not merely the criminals carrying out attacks but the powerful sponsors who provide them with resources, weapons, logistics, and financial support.

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The preacher stressed that any serious effort to defeat terrorism must begin with exposing and prosecuting those behind the scenes who enable extremist groups to operate.

“The sponsors of terrorism are the real problem confronting the nation. The government should focus on them. If the President cannot deal decisively with those people, then he should resign and allow someone else to take over the responsibility,” Suleman declared.

He further claimed that many of the young men currently involved in violent activities are products of extremist networks that have existed for years and were allegedly allowed to expand unchecked.

According to him, some of the individuals now seen carrying sophisticated weapons were children during the early stages of insurgent activities and have since grown into active participants in criminal and terrorist operations.

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Suleman maintained that arresting or eliminating foot soldiers alone would not end insecurity, insisting that authorities must trace and neutralize those who recruit, fund, and arm violent groups.

“The young boys carrying assault rifles today did not emerge overnight. There are people empowering them, financing them, and providing the resources that sustain their activities. Until those sponsors are identified and brought to justice, the problem will persist,” he said.

Despite his criticism of the government’s handling of the security situation, the cleric praised Nigeria’s security institutions, describing them as highly professional and capable of confronting the country’s challenges when adequately supported.

Drawing from his international travels, Suleman said he has confidence in the abilities of the Nigerian military, the police, and the Department of State Services (DSS), arguing that the country possesses competent personnel capable of delivering results.

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“I have visited many countries around the world, and I can confidently say that the Nigerian Army, the Nigeria Police Force, and the DSS rank among some of the finest security institutions globally. The issue is not necessarily a lack of capacity but the willingness to take bold action against those driving insecurity,” he stated.

The cleric emphasized that stronger political resolve is required to dismantle criminal and terrorist networks operating across the country. He warned that insecurity would continue to worsen unless those allegedly sponsoring violence are exposed, arrested, and prosecuted under the law.Politics

His comments come at a time when many Nigerians are increasingly concerned about the security situation, particularly in regions affected by recurring kidnappings, terrorist attacks, communal violence, and banditry.

Citizens, civil society groups, religious leaders, and political stakeholders have repeatedly called on the Federal Government to intensify efforts aimed at restoring safety and public confidence.

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Suleman’s remarks are likely to add to the growing national conversation on security and governance, as pressure mounts on the Tinubu administration to deliver lasting solutions to the country’s security challenges.

The cleric concluded by urging the government to stop treating insecurity as a routine criminal issue and instead confront what he described as the broader network allegedly sustaining terrorist operations throughout Nigeria.

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Famous US actor stabbed to death in his apartment

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Popular US actor James Handy, known for his roles in films including Jumanji and Top Gun: Maverick, has been stabbed to death at his home in Los Angeles, police have said.

Handy, who was 81, was found unconscious in the front garden of his home in Tarzana, California, on Wednesday with several stab wounds to the chest.

Michael Gledhill, 44, the son of Handy’s girlfriend, has been arrested on suspicion of murder, the Los Angeles Police Department said.

Officers responded to a report of “unknown trouble” after a caller dialled 911 and told police: “I am the son of man, I just killed the man of sin.”

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Handy was born in New York and appeared in a string of films and TV shows over six decades, often as a supporting character or for a small number of episodes.

Despite rarely being the leading star, Handy racked up a long string of credits, including NYPD Blue, K-9, Law & Order, CSI: NY, Logan, Alias, Castle, NCIS, The West Wing, Arachnophobia, The X Files, and Murder, She Wrote.

His most recent film role was in 2022’s Top Gun: Maverick, in which he played Jimmy, a bartender who works with the character played by Jennifer Connelly, Tom Cruise’s love interest.

Paying tribute, entertainment writer Jay Bobbin said he was “heartbroken to learn about the passing of a superb character actor”.

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Writer and producer Don Winslow, who created the 2001 procedural drama UC: Undercover, in which Handy appeared, described Handy as a “terrific actor”.

“We were honoured to have him on UC: Undercover in a recurring role,” Winslow said. “His performances were always special.”

Following Handy’s death, the LAPD said Gledhill “flagged down nearby responding officers, telling them he was the one they were looking for”.

“The suspect resides at the location with his mother, who is the victim’s girlfriend,” a statement added.

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“Detectives believe this is an isolated incident and there appears to be no danger to the public.”

After his arrest, Gledhill was transported to Van Nuys Jail and booked for one count of murder, with his bail set at $2m (£1.5m).

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