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FG Approves N4bn For 158 TETFUND Research Projects

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The Federal Government, on Tuesday, approved the award of N4.2bn grant for the funding of 158 research projects under the Tertiary Education Trust Fund National Research Fund 2024 Grant Cycle.

The approval followed the report of the TETFund National Research Fund Screening and Monitoring Committee, which recommended the funding of the 158 research proposals after a rigorous screening exercise, which commenced with the receipt of 6,944 Concept Notes from various researchers.

A statement signed by TETFund’s Director of of Public Affairs, Abdulmumin Oniyangi, on behalf of the Executive Secretary, Sonny Echono, said the breakdown of the approval indicates that the sum of N2,349,951,630.43 was approved for the Science, Engineering, Technology and Innovation thematic group; N1,028,966,204.32 for Humanities and Social Science, while Cross Cutting received N870,708,982.94.

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Beneficiary Institutions with the highest number of awards include the Federal University of Technology, Minna with a total of 15 awards amounting to N400,035,708.51; Ahmadu Bello University with 13 awards totaling N359,809,744.18, and Federal University of Technology, Akure with 12 awards at N341,608,592.80.

READ ALSO:Economic Crunch: TETFUND Trains 50 Youth On Broiler Chicken Production In Bauchi

“Others are Federal University of Technology, Owerri with 11 awards at N256,350,698.80; Abubakar Tafawa Balewa University, Bauchi with 10 awards at N273,406,318.80 and University of Ilorin with 8 awards totaling N220,538,834.12,” the statement said.

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It added that the approved research works include Development of Sustainable Eco-Friendly Walling System for Low-Cost Housing in the Rural Communities of Nigeria; Development of hybrid cubic fertilizer using plant based binders for efficient nutrient release and utilization; Development of an Intelligent Aerial Robotics System for Efficient Weed and Disease Management in Maize-Cowpea Farmland in Nigeria; Development of an Artificial Intelligence-Enable Internet of Medical Things for Military Physiological Monitoring and Activity Recognition System at War Zone, and Development of a Novel Intelligent Electrical Energy Management Metering among others

In a related development, the Federal Government has approved the award of contracts for the establishment of 18 Innovation and Entrepreneurship Hubs in TETFund Beneficiary Institutions across the six geo-political zones of the country in the 2024 Intervention of the Fund.

According to the statement issued on Tuesday, the Hubs will provide Core Labs/Workstation to cover Electronic Lab, 3D Printing Lab, Laser Technology Lab, Product Design Lab, Robotics and Coding, Artificial Intelligence, among others.

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READ ALSO:Economic Crunch: TETFUND Trains 50 Youth On Broiler Chicken Production In Bauchi

The project is intended to facilitate and accelerate the uptake of promising research output, providing solution-driven and multidisciplinary hubs tailored towards the needs of Beneficiary Institutions where ideas and research findings can be domesticated and transformed into solutions for the Nigerian innovation ecosystem.

“Still in support of the creation of Innovation Hubs and Entrepreneurship Centres, the Federal Government has also approved the allocation of funds under the 2025 Intervention to 15 TETFund Beneficiary Institutions. The institutions are Federal University Dutse, University of Uyo and University of Ibadan with an allocation of N1 billion each.

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“Others are Federal Polytechnic Bida; Taraba State Polytechnic, Jalingo; Adamawa State Polytechnic, Yola; Nuhu Bamali Polytechnic, Zuru; Kano State Polytechnic, Kano; Akanu Ibiam Federal Polytechnic, Uwana, Auchi Polytechnic, Auchi; Bayelsa State Polytechnic, Aliebiri; Federal Polytechnic, Ede, Rufus Giwa Polytechnic, Owo, College of Education (Technical) Kabba and Enugu State College of Education (Technical) Enugu with allocations of N750 million each,” the statement added.

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Six Corps Members Receive N10m Grants To Boost Agribusiness

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Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.

The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.

Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.

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Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.

READ ALSO: NYSC Swears In 1,600 Corps Members In Bauchi

He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.

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“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.

The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.

Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.

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READ ALSO: NCCSALW Deploys NYSC Members In Fight Against Illegal Arms In Northeast

She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.

According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.

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Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.

She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.

The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.

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“We are happy with our collaboration with the NYSC, and it will continue,” he said.

READ ALSO: NYSC Lauds Gov. Mohammed’s Intervention In Fence Collapse

Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.

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He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.

He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.

According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.

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CBN Reduces Interest Rate To 23%

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The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.

Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.

According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.

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READ ALSO: CBN Monetary Tightening Worsening Nigeria’s N50tn Development Finance Gap – Group

Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.

According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.

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“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”

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NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

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Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.

The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.

The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.

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According to the post, the two union leaders have resolved their differences after years of strained relations.

READ ALSO: Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo

After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.

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The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.

“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.

The post also described the meeting as a significant step beyond previous public displays of reconciliation.

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READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident

This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”

Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.

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“Both parties are delighted about the new development,” the post said.

The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.

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