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6 Nigerian Startups Attain Billion Dollar Status — Osinbajo

Vice President Yemi Osinbajo says no fewer than six startups owned by young Nigerians have grown from scratch to billion dollar businesses in recent years.
Osinbajo was the Special Guest of Honour at the Graduation Ceremony of Senior Executive Course 43, 2021 of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos.
He said that as at 2021, more than six of such companies had been named Unicorns– a company that is worth over a billion dollars.
Osinbajo attributed the feat of the startups to providence and good policies.
“Six of those companies started between 2016 in the middle of two recessions and global health crisis.
“The companies are: Opay, Paystack, Flutterwave, Andela, PiggyVest and Jumia.
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“ Paystack and Flutterwave. Paystack was co-founded in 2016 by two graduates of Babcock University, in their twenties.
“ Paystack is a payment processing company; I am sure many have heard that it was eventually bought over by Stripe, the American multinational; it is now estimated to be worth a billion dollars.
“Flutterwave, also a payment processing coy founded in 2016; Flutterwave in Lagos; it is now worth nearly three billion dollars and both companies employ hundreds of young men and women.’’
He said that PiggyVest was co- founded in 2016 by ex students of Covenant University led by 21-year-old lady.
According to him, PiggyVest is a wealth management platform that at the end of 2019, had helped one million users save about 80 million dollars.
“What is responsible for some of these successes? Providence and good policies.
“Providence because COVID-19 was a boom period for online payment systems.
“Policy because the president approved the establishment of a technology and creativity advisory group that helped to formulate new banking policies to accommodate new tech enabled payment systems, such that these tech companies could process payments without being full scale banks.
“ The Central Bank of Nigeria (CBN) was then able to issue new types of licences for payment processing; the Federal Government has established a N75 billion National Youth Investment Fund.
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“This provides financial support for small businesses in any field.’’
The vice president said that CBN had also established a Creative Sector Fund for young people in entertainment or technology.
He said there was the new programme called Investing in Digital and Creative Enterprises (iDICE) programme.
According to Osinbajo, iDICE is an over 600 million dollars programme that will support young tech and creative sector entrepreneurs through the provision of finance, skills development and infrastructure.
“Earlier this year, the federal government partnered with the UNDP and the private sector to start a programme called the Jubilee Fellows internship programme.
“ For the next five years every year 20,000 students after youth service will be given internship opportunities in private sector companies and in public agencies.
“The idea will be for the participants to gain relevant career and life skills that will enable them transition seamlessly into professional, business or public sector careers, while also earning very good pay during the internship.
“These snapshots of possibility are enough to show us that we are not facing an uncertain future without any tools at our disposal.’’
The vice president said, however, that if Nigeria was to inaugurate a new age of accelerated growth, it must adopt a new strategic direction and policy orientation.
Osinbajo said that adoption of a new strategy was what the Federal Government sought to do through the National Development Plan 2021-2025 which was recently approved by the Federal Executive Council.
“ In terms of strategic direction, the cornerstone of our strategy is boosting productivity by focusing on value addition as the guiding principle for all sectors, especially agriculture, manufacturing, solid minerals, digital services, tourism, hospitality, and entertainment.
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“ In agriculture, for example, just as we seek to increase production of rice, we are paying equal attention to other parts of the value chain such as storage, transportation, processing and marketing,’’ he said.
(DAILY POST)
Headline
Strait Of Hormuz: Pakistan Thanks Trump For Pausing ‘Project Freedom’

Pakistani Prime Minister Shehbaz Sharif on Wednesday expressed gratitude to United States President Donald Trump for temporarily pausing ‘Project Freedom’, an initiative to secure shipping through the Strait of Hormuz.
In a statement posted on X, Sharif thanked Trump for pausing the “Project Freedom” mission, praising him for his courageous leadership and timely announcement.
According to him, Trump’s decision was made in response to requests from Pakistan, Saudi Arabia and other brotherly countries.
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He added that the pause would go a long way towards advancing regional peace, stability and reconciliation during the sensitive period.
“Pakistan remains firmly committed to supporting all efforts that promote restraint and a peaceful resolution of conflicts through dialogue and diplomacy.
“We are very hopeful that the current momentum will lead to a lasting agreement that secures durable peace and stability for the region and beyond,” Sharif said.
Headline
FG Summons S. African Envoy Over Rising Xenophobic Attacks On Nigerians

The Federal Government has summoned the Acting High Commissioner of South Africa in Abuja over renewed concerns about xenophobic attacks and protests targeting foreign nationals, including Nigerians, living in that country.
The Ministry of Foreign Affairs said the envoy is expected at its headquarters on Monday, May 4, 2026, for a high-level engagement aimed at addressing the growing tension and safeguarding bilateral relations between both countries.
In a statement issued on Sunday, the spokesperson for the Ministry, Kimiebi Ebienfa, said Nigeria would formally express its “profound concern” over recent developments in South Africa, particularly reports of harassment, violence, and destruction of property belonging to foreign nationals.
According to the ministry, the meeting will focus on ongoing demonstrations by various groups in South Africa and documented cases of attacks on Nigerians and their businesses in parts of the country.
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“The objective of this engagement is to formally convey the Nigerian Government’s profound concern regarding recent events that have the potential to impact the established cordial relations between Nigeria and South Africa,” the statement read.
It added that discussions would also address ongoing demonstrations by various groups within South Africa and documented instances of mistreatment of Nigerian citizens and attacks on their businesses.
The ministry acknowledged growing anger among Nigerians over reports of xenophobic violence but urged restraint, stressing that diplomatic engagement remained the preferred channel for resolution.
It assured Nigerians that the Federal Government was actively engaging South African authorities to ensure the protection of its citizens abroad.
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“The Ministry is aware of the growing discontent among Nigerians concerning the treatment of their nationals in South Africa. Nevertheless, it implores the Nigerian public to remain calm and reiterates the Federal Government’s commitment to protecting the rights and well-being of Nigerian citizens residing in South Africa,” the statement added.
The latest diplomatic move comes amid renewed reports of xenophobic tensions in parts of South Africa, where foreign-owned businesses have occasionally been targeted during protests linked to unemployment and economic hardship.
South Africa has a history of xenophobic violence dating back to 2008, with subsequent flare-ups in 2015 and 2019, when mobs attacked migrants, looted shops, and displaced thousands of foreign nationals across several provinces.
In past incidents, Nigerians and other African nationals were among those affected, prompting strong diplomatic reactions from Abuja and calls for stronger protection of foreign communities.
While South African authorities have repeatedly condemned such attacks and deployed security forces to restore order during outbreaks of violence, concerns have persisted over recurring hostility in some communities.
Headline
Mississippi Man ‘Kills Mother, Flushes Her Remains Down Toilet’

A 29-year-old Mississippi man, Zachary Lavel Jackson Jr., has been charged with multiple offences, including first-degree murder, over the death of his mother, Lana Brown Bradley, after deputies responded to her Natchez home on April 4 following a missing person report from relatives.
The Adams County Sheriff’s Office said deputies were called to Bradley’s residence after her oldest son was unable to reach her the previous day.
Jackson was initially identified as a family member before investigators confirmed he was her son.
Sheriff Travis Patten described the case as deeply disturbing.“This is by far the most heinous crime that I’ve ever witnessed in my entire life. We weren’t out there that day; this was one of those things when we walked up.
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“This was one of those cases that you will never, ever forget in your life. This is the type of case that follows you home,” Patten told WJTV.
According to the sheriff, deputies noticed signs of a recent cleanup when they arrived at the home.
“As soon as they walked in the house, they could just see where somebody had been cleaning up, and they could smell chemicals all throughout the house.
“Floor was extremely slippery. And the older son said that this is just unusual for the youngest son to be cleaning up the house like that,” Patten explained.
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Jackson, the youngest son, was found in a bathroom, where deputies allegedly made a discovery that became central to the investigation.
“I can say what was in the toilet, and it was her flesh. He chopped her up in pieces and dismembered her in a way that whoever came looking for her would have to do their due diligence to find her, and that’s just what we did,” the sheriff said.
Authorities said Jackson allegedly placed parts of his mother’s body in a suitcase and attempted to dispose of other remains.
Jackson faces charges of first-degree murder, second-degree murder, mayhem and tampering with evidence.
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Investigators said Bradley, a retired teacher, had recently sought to evict her son from the home. Patten, citing family interviews, said Jackson was believed to be mentally unstable but also noted that his actions appeared deliberate.
“He had threatened her the day before because she was looking to have him evicted from the home.
“She was in the process of doing so and had just gone to court the day before to have him removed from the home,” Patten explained.
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