News

21 Million Young Nigerians Jobless, Engage In Crimes – Varsity Don

Published

3 years ago

December 1, 2022

Editor

The Vice Chancellor of Summit University Offa, Kwara State, Prof. Abiodun Musa Aibinu, has decried the high rate of unemployment in Nigeria, linking that to the increase in crime.

According to the Vice Chancellor, over 21 million young Nigerians are without any job to make ends meet.

Of the 21 million unemployed persons, Aibinu said 2.9 million have either graduate or postgraduate degrees from tertiary institutions of learning.

He expressed worries that the majority of unemployed persons fall between the productive ages of 15 and 34.

In his concern, the Professor warned that the high rate of unemployment has continued to “lead youths to criminal activities to gain income to feed themselves and their families.”

Aibinu spoke at a lecture he delivered during the Elective National Convention and 20th Anniversary of the Moshood Abiola Polytechnic, Abeokuta Muslim Alumni, (MAPAMA), held yesterday in Abeokuta.

Speaking on the theme, ‘Creativity And Innovation: Tools For Solving Economic Crises In Nigeria’, the VC lamented that most research projects carried out by students at the end of their academic years were being abandoned on shelves.

He said there was no motivation to turn the ideas in the research works into products that could be sold to the public.

While explaining that there is no link between tertiary institutions and industries, the don said this has created a chasm that discourages the transformation of these academic research projects into products that are marketable.

He regretted that Nigeria, with over 300 tertiary institutions, was ranked 124 in the global innovation rankings in 2021, according to the global innovation index.

Aibinu also complained that though the nation has several agencies saddled with the responsibility of promoting innovation and creativity, the output from the said agencies has never resulted in any significant increase in the country’s technological ranking.

He, therefore, opined that the use of innovation and creativity can be implemented to develop the economic situation through what he termed ‘Acadoprenuership’, which he said is the turning of academic ideas and researches into viable businesses and start-up ventures.

With this, he expressed optimism that graduates would no longer rely on the government for job opportunities, but they would have the creativity and innovation to transform their knowledge and skills into sustainable firms.

Earlier in his speech, the MAPAMA National President, Prince Taofeek Oyeniyi, stated that the association has served as a platform for the growth of members in all aspects.

Oyeniyi disclosed that the body has been implementing key programmes in the area of education, economic empowerment, welfare and institutional capacity enhancement.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

60 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

4 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.