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Ambode Presents Cheques To 2,000 Beneficiary Of Employment Trust Fund

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Ambode Presents Cheques To 2,000 Beneficiary Of Employment Trust Fund

…I’m fulfilled Initiative Is Meeting Set Objectives, Says Gov

…As Fund Disburses N7bn To 10,000 SMEs, Creates 25,000 Jobs In Three Years

Lagos State Governor, Mr Akinwunmi Ambode on Monday presented cheques to another batch of over 2,000 beneficiaries of the Lagos State Employment Trust Fund (LSETF) loan programme, saying it was gratifying that the initiative was meeting the objectives of creating jobs and contributing to the growth of the economy.

This is in addition to the over 10,000 beneficiaries who have received more than N7billion and have created over 25,000 new jobs in the last three years.

Speaking at the presentation ceremony held at LTV Blue Roof, Agidingbi, Ikeja, Governor Ambode expressed fulfillment that the initiative, which is a brain child of his administration, had positively impacted many Lagosians and help to scale up entrepreneurship with many businesses now thriving.

“Today is a historic day. It is one of those days that we have this fulfillment that we tried our hands on something that was never done before and years after, we are able to see the result and I just want to say a big thank you to all of you that have accepted to be partners in this programme and to just congratulate ourselves that a day like this can come in Lagos State.

“I am particularly delighted to be here today to see for myself the manifestation of a small dream we had at the inception of this government and the little seed we have sown in the lives and businesses of Lagosians. The Employment Trust Fund was a promise we made to Lagosians in 2015 and today, I am happy to see the faces of the people whose lives and aspirations have been positively impacted by this programme,” Governor Ambode said.

While noting the positive difference the beneficiaries of the scheme were making in the State, the Governor said the wonderful stories about the initiative were the true outcomes of governance, saying the vision was to use it to grow Lagos economy by supporting entrepreneurship, which in turn, would help to create jobs for unemployed residents.

The Governor said in line with his promise of inclusive governance, the beneficiaries of the LSETF programmes range from the youth to senior citizens in active business across all 20 Local Government Areas (LGAs) and 37 Local Community Development Areas (LCDAs) in this State, adding that the positive stories emanating from beneficiaries were pleasing to note.

“A very big validation of this programme we have embarked upon comes from the over 25,000 new direct jobs created directly by these businesses in our State. This does not include the multiplier effect of those businesses on the Lagos economy and the indirect jobs created.

“Apart from the jobs being created, I am especially pleased to see testimonials from some of our beneficiaries. I watched the video of Ibrahim Shuaib; a final year student of Dentistry at the Lagos State University Medical School. With a loan of N250,000, Ibrahim has not only grown his dry-cleaning business, employing over 20 people, but also started another business which his sister runs.

“I also read about Femi Oyedipe, whose chocolate production business, Loshes Chocolate, can now produce ten times more than before, employing more Lagosians as staff. Apart from employing more people, Loshes Chocolate makes it products from cocoa beans sourced from Ondo State, creating value for farmers outside Lagos. This is a very good example of the inter-state economic partnership Nigeria needs to grow its economy,” Governor Ambode said.

Aside the loan, the Governor said he was also proud of another programme of the LSETF known as the Lagos Employability Support Programme being executed in partnership with the United Nations Development Fund (UNDP), revealing that 3,363 unemployed youth have so far been trained out of the 10,000 target, with over 1,100 of them now either employed or running their own businesses.

On efforts of the LSETF to make Lagos the leading destination for Africa’s most exciting tech talent and start-ups, the Governor said it was pleasing to note that under the Lagos Innovates Programme, 75start-ups have been awarded workspace vouchers which provide their businesses with access to excellent infrastructure and a community where they can incubate and pursue their dream of becoming Africa’s emerging unicorns, without bearing the associated cost, adding that a loan had equally been awarded to one of the leading hubs, to expand and incubate more technology start-ups in the Lagos environs.

Giving a breakdown of the loans and women participation, the Governor said: “Our commitment to women is evident in the number of women who are beneficiaries of the programmes of this Fund. Before today we had a total of 3,652 female loan beneficiaries to the 4,280 male loan beneficiaries. Under our Lagos Employability Support Programme, women represent 49% of the total number of young people that LSETF has trained while in our Lagos Innovates programme which supports a tech ecosystem dominated by men, 21% of the beneficiaries are women.

“In spite of this, the Fund has assured me of their work to increase the level of female participation across all programmes, especially within Lagos Innovates,” he said.

While charging the beneficiaries to use the funds to grow their businesses and pay back as at when due, Governor Ambode also expressed optimism about the sustainability of the scheme, saying it was instructive that the governorship candidate of the All Progressives Congress (APC) in the State, Mr Babajide Sanwo-Olu had already expressed commitment to the initiative.

Besides, the Governor commended the Chairman, Executive Secretary, Board members and Staff of the LSETF for a job well done and translating the dream of his administration to reality and bringing the scheme to Lagosians.

In her welcome remarks, LSETF Board of Trustees Chairman, Mrs Ifueko Omoigui-Okauru said the presentation of cheques was another milestone in the journey of providing financial support to micro, small and medium enterprises for economic growth and job creation.

While appreciating various agencies and institutions who partnered with the LSETF to bring about the successes so far recorded, Omoigui-Okauru also urged others to take a cue from such by collaborating where and when necessary to further advance the objectives of the initiative.

Responding on behalf of the beneficiaries, Mr Adeoye Olumide of Jetco Global Farms whose company was granted N3.750million loan, said aside that he applied and got the loan without knowing anybody in government, the multiplier effect of the scheme was amazing as more people would be employed to his business.

“This is so unbelievable and it is so amazing. The domino effect on the entire value chain with this empowerment is very laudable and very commendable,” Olumide said.

 

 

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Nigeria Facilitates Return Of Former Sierra Leone President Koroma

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Nigeria has facilitated the safe return of former Sierra Leone President Ernest Koroma to the country, following more than two years of temporary relocation to Nigeria.

The Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, who accompanied Koroma to Freetown on the instruction of President Bola Tinubu, said his return marked the successful conclusion of a regional diplomatic and confidence-building process.

In a statement issued on Sunday, Odumegwu-Ojukwu said Koroma’s relocation to Nigeria in January 2024 followed engagements by the Economic Community of West African States (ECOWAS) aimed at promoting peace, stability and political understanding in Sierra Leone.

According to her, the process helped create conditions for greater understanding between President Julius Maada Bio and the former president, paving the way for Koroma’s temporary stay in Nigeria.

“His conduct throughout this period reflected restraint, statesmanship, and commitment to a peaceful outcome,” the minister said, according to the statement issued by her Special Assistant on Communication and New Media, Magnus Eze.

The minister noted that during his stay in Nigeria, sustained engagements involving ECOWAS, the Nigerian Government and other stakeholders contributed to resolving issues that had necessitated his relocation.

She expressed appreciation to President Bio, former President Koroma and the people of Sierra Leone for their cooperation and commitment to peace.

Odumegwu-Ojukwu said Nigeria remained committed to regional harmony, constitutional order and democratic stability, expressing confidence that Koroma’s return would further strengthen national reconciliation and peace in Sierra Leone.

Koroma had left for Nigeria in 2024, days after being charged with treason and other offences over a deadly 2023 army uprising.

The ex-president, who led Sierra Leone from 2007 to 2018, arrived at the international airport in the capital, Freetown, accompanied by Nigerian ex-president Olusegun Obasanjo and the minister.

He was welcomed by Sierra Leone’s Foreign Minister Mohamed Rahman Swarray and officials from Koroma’s party, the opposition All People’s Congress (APC).

“Today I have come back home and I’m happy,” Koroma told journalists, smiling.

Koroma had been cleared by Sierra Leonean authorities to travel to Nigeria for three months for medical treatment but ended up staying more than two years.

In July, Sierra Leone’s justice ministry said it had dropped the charges against him, without giving a reason.

On Friday, Vice President Mohamed Jukdeh Jalloh told a gathering of local leaders and residents in Koroma’s stronghold, the central city of Makeni, that the ex-leader was returning home.

His homecoming comes ahead of presidential elections set for 2028.

The case against Koroma dates to November 2023, when armed attackers stormed a military armoury, two barracks, two prisons and two police stations, clashing with security forces.

Twenty-one people were killed in what authorities deemed a coup attempt.

Two dozen soldiers and Koroma’s former bodyguard were sentenced to prison terms ranging from 50 to 100 years by a military court for their alleged roles in the mutiny.

Koroma had briefly visited Sierra Leone in July, after the charges were dropped, during a summit of the Economic Community of West African States (ECOWAS) at the invitation of current President Julius Maada Bio.

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Five Dead, Five Injured As Amazon Cargo Plane Crashes Into Vehicle In Miami

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At least five people were killed when an Amazon cargo plane overshot a runway after it landed Sunday at Miami International Airport, crashed into vehicles and caught fire, officials said.

Miami-Dade County fire chief Ray Jadallah told reporters that in addition to five fatalities, three people were transported to trauma centers “in critical condition” and two more were treated at a local hospital.

“The airplane did strike a couple of vehicles,” which left “a couple of victims that were actually trapped in the vehicles,” Jadallah said.

“A complex extrication with our technical rescue team” was needed, “including a search and rescue of the pilot and co-pilot that were trapped in this aircraft.”

Jadallah did not clarify whether the pilot or co-pilot survived, and officials declined to answer questions after brief statements were made.

Video showed thick smoke billowing from the blue and white Boeing 767 after it arrived at 1:58 pm (1758 GMT) from Puerto Rico, as fire trucks raced to the scene.

Officials investigate the scene where a Prime Air cargo plane overran the runway and crashed into other vehicles at Miami International Airport at Miami International Airport in Miami, Florida, on September 6, 2026.

The plane operating as Prime Air Flight 7598 caught fire as a result of the “crash,” fire officials said.

“A total of 60 fire apparatuses arrived, just short, just shy of 200 men and women from Miami-Dade Fire Rescue, to begin the actual search and rescue and firefighting,” Jadallah said.

“The actual cause of the incident will be determined by the FAA and the NTSB,” he added, referring to the Federal Aviation Administration and National Transportation Safety Board.

In a statement posted to X Sunday evening, fire officials said they used foam to extinguish a fire in the engine compartment.

“One person was trapped under one of the involved vehicles and had to be extricated by specialized technical rescue personnel. Specialized hazardous materials (HazMat) units safely shut down the aircraft’s engine and worked to control a fuel leak,” the statement said.

Investigation Launched
The NTSB said in an X post on Sunday that the B-767-300 cargo airplane was flying into Miami from San Juan, Puerto Rico, and they have “launched a go team to investigate Sunday’s runway excursion accident.”

Amazon spokesperson Kelly Nantel said in a statement the tech giant will cooperate with any investigation into the incident.

“We’re heartbroken to learn that five people lost their lives in today’s incident at Miami International Airport. Our deepest sympathies go out to the families, loved ones, and all those affected by this devastating loss,” Nantel said.

Miami Sheriff Rosie Cordero-Stutz told reporters Sunday that her officers encountered a “really tragic scene,” but there was “no apparent threat to public safety.”

The airport closed all runways and taxiways because of the incident and posted an update to its website Sunday evening that travelers should check directly with their airline before heading to the airport.

After hours of holding all flights at the international airport Sunday, with numerous delays and canceled flights for commercial airline passengers, the Miami Herald newspaper reported that two of the airport’s four runways had reopened Sunday.

In a statement on X, Mayor Daniella Levine Cava thanked first responders for their speedy response, saying “our fire rescue team was there within seconds of the crash, so we’re deeply grateful.”




AFP

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‘Ridiculous Idea,’ NELFUND Dismisses Claims Of Favouring Children Of APC Members

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…Says Demand For Student Loans Has Been Overwhelming

The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has dismissed claims that the Federal Government’s student loan scheme favours children whose parents are members of the All Progressives Congress (APC).

Sawyerr described the allegation as a “completely ridiculous idea”, arguing that the electronic application process makes it impossible for NELFUND to determine or favour beneficiaries based on political affiliation.

“I have not heard this allegation, but I can tell you that it’s a completely ridiculous idea that the administration of Bola Tinubu is focused on trying to fund people who support the party. We are talking about students; many of them are yet to vote, some of them are going to be voting for the first time, [and] many of them are not party members.

“How, in any event, do we determine who is a party member and who isn’t? Even if you are running a manual process, how do you do that? You can’t. It’s unlikely to yield you any result,” Sawyerr said during an interview on Channels Television’s Sunday Politics programme.

He said the loan application process was designed around objective eligibility criteria, adding that applicants must apply electronically and provide information such as their names and matriculation numbers.

“It is a process you have to apply for this loan electronically. If you don’t have a name, you can’t apply for this loan. You provide your matriculation number; you have to be in a public institution,” he said.

The NELFUND MD added that the scheme’s system does not discriminate based on personal characteristics, religion or ethnicity.

“We have a system that is focused on people who are Nigerians and meet the standard. The system doesn’t recognise your gender. There is no bias in the system at the front end or the back end.

“This is a system that doesn’t care whether you are of one tribe or the other. This system does not have a view or an opinion on whether you are a Christian, a Muslim, or an African traditional religionist; it doesn’t want to know,” he said.

Sawyerr also said demand for the student loan had been “overwhelming”, describing the scheme as a lifeline for students struggling to finance their education.

He revealed that NELFUND had disbursed ₦162 billion in upkeep allowances, while the scheme had contributed to a reported 20 per cent reduction in student dropout rates.

Weighing in on repayment, Sawyerr said beneficiaries would repay the loans based on their ability to pay. He also said funds reportedly recovered by the Economic and Financial Crimes Commission (EFCC) for the scheme had not yet been received by NELFUND.

The student loan scheme was established under the Student Loans Act signed into law by President Tinubu in April 2024. It provides interest-free financial support to eligible Nigerian students in public tertiary institutions.

The scheme covers approved institutional charges and upkeep allowances, with repayment scheduled to begin two years after completion of the National Youth Service Corps programme.

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