News
Reps Approve Special Bank For Entrepreneurs, Small Businesses

The House of Representatives has passed for second reading, a bill seeking to establish an Entrepreneurship Development Bank of Nigeria, with the aim of providing soft loans for small and medium-scale enterprises in the country.
The consolidated bill was jointly sponsored by Messrs Benjamin Kalu and Olalekan Afolabi
The legislation is titled ‘A Bill for an Act to Establish Entrepreneurship Development Bank of Nigeria to Charge It with the Responsibility, Among Other Things, to Provide Medium and Long-Term Finance for Indigenous Small Businesses and to Provide for Establishment of Nigerian Entrepreneurship Development, Encourage Aspiring Entrepreneurs and Small Scale Enterprises in Nigeria.’
Leading the debate on the bill at the plenary on Wednesday, Kalu said the proposed bank would be charged with the responsibility, among other things, of providing medium and long-term finance for indigenous small businesses.
READ ALSO: BREAKING: Senate Confirms All Seven Ministerial Nominees
He added that the bill, which July 18, 2019, focuses on Nigerian youths and contemplated providing improved access to finance for youth entrepreneurs in innovation, manufacturing, agriculture and trade.
Kalu said, “In Nigeria today, due to numerous socio-economic challenges, many youths depend on themselves and drive their own future by creating opportunities for themselves and others, by undertaking different entrepreneurial ventures toward self-reliance. However, this group of people still need capacity building, financial support and favorable policies.
“The strength of any nation depends on the policy framework and initiatives put in place to develop and empower the youth in order to maximise their potentials, talents and untapped capacities in nation building. Without a vibrant, skilled, focused and equipped youth, no nation can rise to its full potential because the youth are the visionaries and producers who power nations to greater heights.
“Youths are estimated to constitute about 70 per cent of the population of Nigeria. This is a huge advantage for a nation that is seriously and furiously pursuing national development. The youth are assets to a nation, not liabilities. The youths, if well-educated, trained and motivated, can utilize their mental, technical and visionary power to develop the Nigerian economy.”
According to the lawmaker, a fundamental challenge to youth entrepreneurship capacity is the lack of access to functional and effective finance. He stated that the existing financial institutions are not really servicing the real needs of the indigenous business or initiatives owned and run by the youth.
READ ALSO: Edo Govt Pledges Better Opportunities For Youths
“In most cases, their requirements are way beyond the reach of such entrepreneurs; and their operational modalities are not really designed to deliberately encourage indigenous small businesses. A closer look at the operational modalities of the Bank of Industry, Bank of Agriculture and the Development Bank of Nigeria would show that there is no clear-cut intention and support for indigenous small businesses owned and run by youth.
“Commercial and microfinance banks are not even feasible options for indigenous small businesses. This is the gap which the contemplated bank would fill. There is a need for a specialised bank, which would target the youth at different levels and scope with emphasis on harnessing abundant potentials for economic growth and greatness of the nation,” he said.
News
Tragedy In The Sky As Pilot Dies Mid-air
What began as a routine trip from Seattle to Istanbul turned tragic. Turkish Airlines Flight 204 was cruising normally when one of the captains, 59-year-old İlçehin Pehlivan, suddenly collapsed.
Despite the crew’s efforts, he sadly passed away mid-flight a veteran aviator lost among the skies he loved.
Over the radio, the co-pilot’s voice trembled: “Initially we had three pilots, but we lost one of our captains today.
That’s why we’re diverting to JFK.” Air traffic controllers responded with compassion, arranging medical help on the ground.
READ ALSO:Travel Chaos: Air Canada Shut Down By Flight Attendant Strike
The aircraft landed at New York’s JFK Airport at dawn, met by emergency teams and a heavy silence. Turkish Airlines later paid tribute to Captain Pehlivan, who had passed medical checks just months earlier and spent nearly two decades flying safely around the world.
Passengers continued to Istanbul, but the memory of this flight endures a reminder of the resilience of aviators, the fragility of life, and the bond shared by those who soar through the skies.
News
Foundation Engages Traditional Leaders To Curb GBV In Bauchi
The Iqra Foundation for Women and Youth Development (IKFWYD) has engaged traditional leaders across three Local Government Areas (LGAs) in Bauchi State to promote male involvement in efforts to curb Gender-Based Violence (GBV).
The intervention is being implemented in Bauchi, Ningi, and Toro Local Government Areas.
Speaking during an advocacy visit, Mr. Ismail Umar, the Monitoring and Evaluation Officer of the foundation, said the role of traditional institutions in influencing positive behavioural change could not be overstated.
“The programme is designed to engage men on issues related to protecting the rights of women and girls.
READ ALSO:Bauchi Board Laments Low Teacher Turnouts In Training Exercise
“Family wellbeing and social harmony cannot be achieved without the meaningful involvement of men.”
Umar noted that challenges such as gender-based misunderstandings, domestic tensions, poor communication between spouses, and limited awareness of shared responsibilities often contribute to family instability.
“By focusing on men as partners in promoting peace and wellbeing, this programme aims to reinforce their positive influence within families and communities.
“We are piloting the initiative in Bauchi, Ningi, and Toro LGAs, and are engaging respected community members to support and guide male involvement in promoting peace, family wellbeing, and the dignity of women.”
He further explained that the initiative would foster unity and cooperation between men and women as partners in building stable and peaceful homes.
READ ALSO:Bauchi Begins Production Of Exercise Books, Chalks For Schools
Also speaking, Mr. Bamidele Jacobs, Director of Legal at Lawyers Alert, an implementing partner of the project, said the engagement of men was crucial to ensuring sustained support and protection for women in the state.
In their separate remarks, traditional rulers expressed their support and commitments to the programme.
Alhaji Yusuf Danyaya, the District Head of Ningi, pledged to mobilise men for the initiative, noting that “a violence-free home leads to a peaceful society.”
Similarly, Alhaji Hussaini Uthman, District Head of Miri in Bauchi metropolis, said the mission of the programme aligns with the traditional role of community leaders in fostering reconciliation between couples.
On his part, Alhaji Umar Adamu, the District Head of Toro, said addressing GBV is a collective responsibility to ensure that communities remain safe and peaceful.
News
Okpebholo Believes In Courage, Capacity Says Edo Poly Rector
The acting rector of Edo State Polytechnic, Usen, Dr Nosakhare Arodoye has promised to implement to the fullest the SHINE agenda of the state government.
Dr Arodoye said he was appointed by the governor to change the narrative of the Polytechnic from the present state to global standard with market-ready graduates and wealth creators within and outside Nigeria.
He spoke during the handover ceremony of the leadership in the state tertiary institution.
According to him, “the governor sent me here for development that will position this institution in a manner that will be productively and evidently attractive to all for visible intellectual results and deliveries.
READ ALSO:Abductors Demand ₦5m As Teenager Is Kidnapped In Edo
“I’m for greater impact, lesser noise, the governor as a game changer understands this hence he approved my appointment as a tool for change in Edo Poly. Governor Okpebholo believes in courage and capacity.
“The governor is not a cut to size, he knows how the academic environment works. You can see that his team is made up of global scholars and that is where I belong.
“I’m here to work, I’m going to teach, courses must be allocated to me. I go for what people run from as a progressive, just like the governor, you can see the turnaround of things affecting every area positively.”
Earlier, the immediate past acting rector, Engr. Sylvester Omoruyi briefed the new rector on the present state of the institution particularly the continuous support from the state government.
READ ALSO:JUST IN: Okpebholo Nominates Another 5 Persons As Commissioner-designates
He said Sen Monday Okpebholo has cleared the backlog of salaries as staff now receive their salary as at when due.
He noted that a total of twenty-two programmes have successfully been accredited with NYSC calling for various HND awarding departments.
On partnership, he said the polytechnic is currently in collaboration with Xianzi and Fuzhou Polytechnic in China where seven students are currently undergoing studies on student exchange programmes.
Before arriving at the polytechnic premises, Dr Arodoye had visited the palace of the Elawure of Usen, Oba Oluogbe III.
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