Connect with us

News

Tinubu felicitates Elumelu on birthday, hails Africapitalism drive

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

President Bola Tinubu has congratulated economist, banker and philanthropist, Tony Elumelu, on his 62nd birthday, describing him as an African business icon and a leading advocate of enterprise on the continent.

The Chairman of Heirs Holdings, United Bank for Africa and Transcorp, will turn 62 on March 22, 2026.

In a statement issued on Saturday, the president commended him, for his resilience, commitment to excellence and unwavering belief in Africapitalism.

Tinubu praised the impact of the Tony Elumelu Foundation (TEF), noting its significant role in empowering young Africans through entrepreneurship.

Advertisement

He said the foundation’s entrepreneurship programme had trained about 2.5 million youths across 54 African countries and provided over 24,000 entrepreneurs with non-refundable seed capital of 5,000 dollars each.

The President highlighted Elumelu’s continued investment in youth development as critical to Africa’s economic transformation and job creation.

He joined family, friends and associates of the business leader in wishing him good health, strength and more success in his future endeavours.

This is coming as TEF is rallying young entrepreneurs to power Africa’s Sustainable Development Goals (SDGs) agenda ahead of 2030.

Advertisement

The Chief Executive Officer of the Tony Elumelu Foundation (TEF), Somachi Chris-Asoluka, gave the hint during a virtual media parley on Saturday.

The media parley was held ahead of the 2026 TEF selection announcement scheduled for Sunday, March 22 to unveil the newest cohort of 3,200 young African entrepreneurs selected for this year’s TEF Entrepreneurship Programme.

Chris-Asoluka said the foundation was prioritising entrepreneurs whose businesses actively contributed to the United Nations Sustainable Development Goals (SDGs) as part of efforts to reposition Africa for accelerated development ahead of 2030.

While taking questions from journalists, she said the foundation’s selection framework placed strong emphasis on impact, ensuring that supported enterprises are not only profit-driven but also aligned with global development priorities.

Advertisement

She said that TEF encouraged applicants to clearly demonstrate how their business ideas would contribute to the SDGs, noting that such alignment is critical to closing Africa’s development gaps.

“We want our entrepreneurs to actively contribute to the SDGs so that by 2030, Africa will no longer lag behind, but will be able to meet and surpass these goals,” she said.

According to her, this focus is central to the foundation’s broader mission of fostering inclusive economic growth, job creation and sustainable development across the continent.

She said that entrepreneurs were assessed, not just on profitability and scalability, but also on their potential to drive measurable social and economic impact in areas such as education, healthcare, climate action and digital innovation.

Advertisement

Chris-Asoluka said that the foundation believed Africa’s young entrepreneurs hold the key to advancing sustainable development, stressing that innovation from the private sector is essential to achieving long-term growth.

She said that TEF remained committed to supporting early-stage entrepreneurs with training, mentorship and seed funding, while ensuring that their ventures align with the continent’s development priorities.

Continue Reading
Advertisement

News

FCT Traditional Rulers Hail Tinubu’s Developmental Strides, Confers Wike With “Light of Abuja” Chieftaincy Title(Photos)

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Traditional rulers in the Federal Capital Territory (FCT) has conferred on the FCT Minister, Nyesom Wike, the Chieftaincy title of “Hasken Abuja” (Light of Abuja), in recognition of his contributions to the development of the territory.

The traditional rulers, who thanked President Bola Ahmed Tinubu, for the infrastructural development in the FCT, especially the satellite towns, asked for more recognition of the indigenous people of the federal capital.

Speaking during an appreciation visit by the FCT Stakeholders Assembly at the Federal Capital Development Authority (FCDA) Conference Hall in Abuja, the Ona of Abaji and Chairman of the FCT Council of Chiefs, Dr. Adamu Baba Yunusa, praised the administration for improving the welfare of traditional rulers and approved projects such as the construction of a new palace in Abaji.

​The monarch noted that the honor recognizes Wike’s “visionary leadership” and “commitment to the development of the FCT,” specifically citing his recent approval for the construction of a new Ona Palace in Abaji, the upgrading of the status and welfare of FCT traditional rulers, and structural reforms that have restored dignity to the traditional institution.

​Reading out their list of “more work for hard work,” the traditional rulers requested the provision of 17 tractors—one for each of the 17 Chiefdoms—to bolster food security for the territory’s rural agrarian communities.

They also advocated for the elevation of historically significant chiefdoms, such as Garki and Jiwa, to higher statuses.

​Responding to traditional rulers demands, Wike promised to protect the interests of the indigenous people, granting several immediate requests:

He directed the Mandate Secretary for Agriculture to provide tractors for each of the 17 Chiefdoms.

​Also, he instructed the Council of Chiefs to submit names for the creation of third-class traditional stools, stating, “It is not in my position to write who will be… you people should do the right thing.”

​He pledged to resolve issues regarding land certificates based on the numbers submitted by the stakeholders.

​”I’m now from here. For me to be the Light of Abuja, I must do everything to protect your interest,” Wike concluded, while maintaining that the FCT’s political future depends on having a “strong voice” in the National Assembly to lobby for the expansion of senatorial seats.

On the 2027 elections, the minister counselled the FCT stakeholders against electing weak or inexperienced representatives, saying that such choices could leave the territory voiceless at the National Assembly.

“The Senate is not an all-comers’ game. Experience matters, ranking matters… you must have a strong voice there,” he said.

The minister expressed concern that past representation had failed to effectively articulate the needs of the FCT, urging stakeholders to make more strategic decisions in future elections.

“You elected a senator you can’t see… a senator who cannot even organise the indigenous community to ask what their needs are,” he stated.

Wike said that repeating such mistakes would further weaken the territory’s ability to attract development and influence national policy decisions.

“If you make a mistake this time, it will be difficult for you. When it was time to help yourself, you didn’t help… don’t expect miracles,” he added as he endorsed Sen Philip Tanimu Aduda.

Beyond electoral choices, the minister linked political alignment with development outcomes, noting that the administration of President Bola Tinubu had continued to deliver infrastructure projects in the FCT despite low electoral support in the 2023 elections.

“In 2023, most of you did not give Mr. President up to six per cent, yet he has done so much for you… now that you know, do not make that mistake again,” he said.

Advertisement

“In 2023, most of you did not give Mr. President up to six per cent, yet he has done so much for you… now that you know, do not make that mistake again,” he said.

He disclosed that several projects, including water supply schemes in rural communities and new road networks, would soon be inaugurated as part of activities marking the President’s anniversary in office.

“Mr. President has touched virtually all the satellite towns… more roads will be constructed to open up our communities,” Wike said.

The minister also charged incoming area council chairmen to focus on governance and address pressing challenges, particularly in the education sector.

Advertisement

“It cannot continue that our children are at home because of strikes. Education is a first priority… without it, there cannot be development,” he emphasised.

Earlier, President of the FCT Stakeholders Assembly, Dr. Aliyu Daniel Bakna Kwali, commended the minister for ongoing reforms and infrastructural development, while presenting key demands including increased representation for the FCT at the National Assembly and the creation of additional area councils.

​The event, which opened with remarks from former Federal Commissioner Dr. Aliyu Almakura Abdulkadir, underscored a new era of collaborative governance, with the traditional institution positioning itself as a central pillar in the FCT’s drive for political and economic expansion.

Advertisement
Continue Reading

News

Watch moment FCT minister Wike being conferred with title of Abuja Hasken, Light of Abuja by FCT Traditional Council led by Ona of Abaji (Video)

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Watch moment FCT Minister, Nyesom Wike, being conferred with the title of Hasken Abuja (The Light of Abuja) today, by the FCT Traditional Council led by The Ona of Abaji, Dr Adamu Baba Yunusa.

It’s indeed a well deserved title as truly Wike brought light to the Territory.

Watch:

Advertisement
Continue Reading

News

BREAKING: NNPCL jerks up fuel price

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Nigerian National Petroleum Company Limited has increased the premium motor spirit price after Dangote Refinery raised its gantry price.

A market survey by DAILY POST on Thursday showed NNPCL outlets in Abuja and its environs have adjusted their petrol pump price to N1,364 per liter from N1,295. This means that the state-owned oil firm hiked petrol by N69 per liter.

The latest fuel prices have been implemented at Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Zone 4 NNPCL filling stations in Abuja.

“We adjusted our pump price to N1364 per liter from N1295 this morning, an attendant said.

Advertisement

Filling stations in Abuja, such as MRS, BOVAS, and others, have raised their petrol price to between N1365 and N1370 per liter.

Recall that Dangote Refinery had on Wednesday increased its fuel gantry price by N75 to N1,275 per liter from N1,200 due to a hike in crude oil price to above $115 per liter.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News