News

TETFUND Inaugurates N1bn Project In Bauchi University

Published

2 years ago

December 15, 2023

Editor

The Tertiary Education Trust Fund (TETFUND) has commissioned a N1 billion 2,000 sitting capacity Central Library Complex in the Bauchi state University, Gadau.

Speaking during the commissioning of the project on Friday, Arc. Sonny Echono, the Executive Secretary of the fund, said that the project was approved under the Years 2017-2019 merged annual intervention.

Represented by the Director, Monitoring and Evaluation, TETFUND, Mr Olajide Babatunde, the Executive Secretary, said that the university had been a beneficiary of the Fund’s interventions from year 2012 when it became enlisted as a beneficiary of the Fund’s interventions.

“From year 2012 to date, TETFUND has allocated the sum of N17.3 billion for infrastructure-related interventions only, cutting across the Annual, Special High Impact and Zonal interventions, amongst others.

“With about 97% funds already accessed, we note with delight that these funds are being deployed judiciously in the provision of requisite facilities, which are obviously seen in various locations on the campus here,” he said.

He assured that the Fund would continue to ensure that its interventions were sustained and improved upon to enable government-owned tertiary institutions undertake impactful projects that would make them become globally competitive.

In his address, Hon. Aliyu Misau, Member, House Committee on TETFUND, said that the Fund had also sponsored 100 lecturers for Ph.D. in both foreign and local institutions totaling N955 million.

He added that 143 lecturers was also sponsored for Masters Degrees in both foreign and local institutions totaling N359 million, among others.

Also speaking, the Vice Chancellor of the institution, Prof. Fatima Tahir, lauded TETFUND for the ‘milestone’ intervention, adding that the project would help in shaping the future of the institution.

“We must acknowledge the vital role played by TETFUND imaking this dream a tangible reality.

“Their unwavering support both financial and logistically has ensured that we have the resources necessary to provide exceptional learning experience for our students.

“On behalf of our university, I extend our deepest gratitude to the federal government of Nigeria and to TETFUND for their commitment to education and for believing in the transformative power of knowledge,” she said.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

52 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

3 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.