Headlines
Nigeria, India set up business council to expand trade, investment

Nigeria and India on Monday in Abuja established the Nigeria-India Business Council (NIBC) to expand trade and investment between both countries.
The council is aimed at furthering efforts at reaching an anticipated 40 billion dollars worth of trade between both countries.
The NIBC was inaugurated by Vice President Yemi Osinbajo on Monday in Abuja.
Speaking at the inauguration, Mr V. Sharma, President of NIBC said, “India is already doing great business with this country and will continue to import crude and gas from the country.
“With 14 to 15 billion dollars of trade today, the potential is to reach about 40 billion dollars.
“So please see, the gap is about 25 to 26 billion dollars. It is a big opportunity,” Sharma said.
Vice President Yemi Osinbajo who inaugurated the council said both countries would explore new areas of doing business and cooperation to further strengthen bilateral ties between both countries.
Osinbajo, who was represented by Mr Olamilekan Adegbite, Minister of Mines and Steel Development also emphasised the need for the partnership to focus on areas of entrepreneurship that will help reduce the level of unemployment in the country.
“NIBC will be a vehicle to further strengthen and consolidate our existing bond of friendship and also serve as a platform to coordinate and facilitate business actions between the business community of both countries.
“Let me identify two areas in which I will want to see even further cooperation between our two countries, this relates to entrepreneurship and vocational training.
“India has already been able to use entrepreneurship to bring its unemployment levels down to around 7 per cent while that of Nigeria is still high at about 35 per cent.
“Similarly, through entrepreneurship, India has been able to boost its export of goods and services to about 546 billion dollars while Nigeria is only at 70 billion dollars.
“I feel that there is also a need to put emphasis on skills acquisition and capacity building which will place large numbers of young people in the workplace.
‘As well as boost the nation’s capacity, innovation and capacity as well as contribute to the economy,” Osinbajo said.
The vice president also encouraged Indian investors to establish in Nigeria the kind of businesses and services that Nigerians usually travelled to India in search of.
He explained that the businesses when established in Nigeria would thrive where the demand is high and especially where they would be of mutual benefit to both India and Nigeria.
Osinbajo pledged the federal government’s commitment to creating an environment conducive for Indian businesses to thrive.
“I also urge India investors to consider providing here in Nigeria some of the medical and educational services for which Nigerians travel to India.
“Given the scale of the demand, it is easy to say that there is a business sphere for such an investment.
“On its part, the federal government will render the necessary support to all inward investment, continue its efforts to improve the business environment and provide necessary incentives.
“Some of the incentives include pioneer starters, rural location incentives, export expansion scheme, gas utilisation as well as investment allowances,” the VP added.
India’s Minister of State of External Affairs, Shri V. Muraleedharan said Nigeria had always been a favourite investment destination for Indian businesses with about 135 Indian companies operating in Nigeria with investments worth 20 billion dollars.
Muraleedharan added that Nigeria had been India’s largest trading and energy partner in Africa.
“Bilateral trade between both countries in the year 2021-22 had risen substantially over the previous year to touch 14.95 billion dollars.
“The large and growing population of Nigeria, its talented youth, the abundance of natural resources, a democratic and business-friendly Government and very strong cultural bonds between our peoples have all fuelled the rising economic engagement between both countries.
“But there is still great potential to enhance our economic cooperation and, with the pandemic behind us, both countries must look to vigorously make up for opportunities lost during the last two years.
“India has always been a very reliable partner for its friends in Africa and is committed to the socio-economic development of Africa in accordance with its own development priorities.
“Your priorities are our guiding principles for economic cooperation and our assistance in this area has always been kept in the best interest of your country.
“Today, the multi-sectoral, high-level business delegation from India present here is ready to collaborate in different sectors,” Muraleedharan said.
Headlines
NNPC Foundation Trains Over 3,000 Southwest Farmers in Climate-Smart Agriculture

In a bid to promote food security and sustainable agricultural practices, the NNPC Foundation has successfully trained more than 3,000 farmers in the South-West geopolitical zone on climate-smart and modern farming techniques.
The training, which concluded on Friday in Ikorodu, Lagos, marked the end of the Southwest phase of the foundation’s pilot programme aimed at empowering local farmers and boosting agro-productivity.
Speaking at the closing ceremony, Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, described the initiative as a milestone in the lives of thousands of farmers.
“Today marks the formal conclusion of the first phase of a national journey that speaks to resilience, food security, and economic empowerment,” Arukwe said.
“What began as a bold decision to support small holder farmers has translated into tangible action across three geopolitical zones (South-East, South-South, and South-West) in Southern Nigeria.”
She disclosed that a total of 3,860 vulnerable farmers across 10 locations in the three regions were trained in sustainable farming practices that improve productivity and market access.
“This achievement is not just a number, but a milestone in the lives of real people and real communities. We were able to strengthen farmers’ capacity to adapt to climate change,” she added.
“Through the training, we were able to improve access to markets, promote inclusive agriculture and especially gender representation. We also trained them on enhancing food production through sustainable techniques.”
Arukwe noted that the programme would now move to the North-West, North-Central, and North-East zones as part of its next phase, saying the foundation is committed to supporting livelihoods nationwide.
“This is only Phase One. We will now turn our focus to the North-West, North-Central, and North-East zones. What we have achieved in the South will inform and strengthen our next steps,” she said.
“The NNPC Foundation will continue this mission, to support livelihoods, build resilience, and empower the hands that feed our families and beyond.
We have decided that most times you get a lot of requests from people asking us to give them palliatives and all kinds of things to help them.
But we think it is much better to teach people to fish than just give them fish so they can continue,” Arukwe explained.
Chairman of Ikorodu Local Government, Mr. Wasiu Adesina, while commending the initiative, urged the beneficiaries to apply the knowledge gained to boost productivity and profitability.
“As we all know, agriculture is the bedrock of any nation. Without agriculture, there will not be a nation, because there will be no food to eat,” Adesina stated.
“It is the farmers that produce our food, and it is important that we train our farmers with new techniques in agriculture, and that is exactly what the NNPC Foundation is doing.
“To the farmers, you have to take advantage of this training and face the farming squarely. In some great countries like the United States and the United Kingdom, farmers are the most richest people in those countries.
“This is because they make a lot of money from farming. We need to inculcate that habit in Nigeria and develop ideas in farming. Even after my tenure, I am going back to farming, so, maybe I will ask the NNPC Foundation to train me so that I also join you to be a farmer.”
He appealed to the foundation to provide further empowerment for the trained farmers to help them kickstart their agricultural ventures.
“If the farmers have land for farming, I believe the foundation will provide financial aid to keep their farms running,” Adesina added.
Also speaking at the event, the Lagos State Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, represented by the Director of Fisheries, Mrs. Osunkoya Daisi, lauded the Foundation’s efforts in bolstering the state’s food security.
“On behalf of the Lagos State Government, we would like to express our sincere appreciation to NNPC Foundation for training our farmers and for training all the farmers all over the country,” she said.
“Definitely, the training will help improve food production. We can see the impact of climate change effects in agriculture. I am sure farmers have been equipped with climate-smart agriculture techniques to improve production.”
The NNPC Foundation Ltd/Gte is the Corporate Social Responsibility (CSR) arm of the Nigerian National Petroleum Company (NNPC) Limited. It was incorporated in February 2023 to manage the company’s CSR initiatives and enhance Nigeria’s socio-economic development.
Education
NUC grants ESUT full accreditation for Law, 7 other programmes

The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.
According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.
Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.
Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.
Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.
He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.
He said the session also empowers the NUC to accredit such programmes.
Crime
Court remands 2 over alleged attempted murder

An Ikeja Magistrates’ Court, Lagos, on Wednesday, remanded two persons, Olaitan Fasasi and Kehinde Tobiloba in a correctional facility over alleged attempted murder.
Fasasi, 40, and Tobiloba, 26, whose addresses were not provided, are being charged with conspiracy, attempted murder and membership of a secret society.
The Magistrate, Mr L.A Owolabi, did not take the plea of the defendants for want of jurisdiction.
Owolabi directed the police to forward the case file to the Director of Public Prosecution for legal advice.
He thereafter adjourned the case until May 31 for mention.
The Prosecutor, Josephine Ikhayere, told the court that the defendants committed the offences at about 5.02p.m on Feb. 15, at Mushin, Lagos.
She said that Fasasi, Tobiloba and others now at large, attempted to commit murder by shooting at a resident, Alfred Ademola.
“They armed themselves with a locally made gun. They belong to Eiye Confraternity, a group proscribed by law,”, she said.
Ikhayere said that the offences contravened Sections 230(1) and 411 of the Criminal Law of Lagos State, 2012.
He said that the actions of the defendants also contravened Section 2(3)(a)(b)(c)(d) of the unlawful societies and Cultism Law of Lagos State Law.
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