Headlines
Sanwo-Olu inaugurates N750m market transfer money in Lagos

Sanwo-Olu inaugurates N750m market transfer money in Lagos
Gov. Babajide Sanwo-Olu of Lagos State on Sunday inaugurated the N750 million Lagos Market Transfer Money programme for 15,000 market men and women in 20 Local Governments and 37 Local Council Development Areas.
Sanwo-Olu said this at the inauguration of Fresh Food Agro-Hub in Idi-Oro Market, Mushin Local Government Area.
The Fresh Food Agro-Hub, Mushin, is the first of its kind in the state to mitigate post-harvest losses inflation, and traffic congestion and reduce carbon footprint emissions among others.
The governor said that the first 15,000 beneficiaries of the programme would receive N50,000 each as palliatives to cushion the effect of fuel subsidy removal.
According to him, each local government area will send 200 beneficiaries each while an additional 50 will come from market leaders – Iyalojas and Babalojas across the state.
Sanwo-Olu said the government had come up with an intervention for all market men and women.
“We are launching here today, what we call the Lagos Market Trader Money.
“As a measure of where we are, the first 15,000 market beneficiaries are going to be getting support of N50,000 from the government.
“How it is going to work is that we are not going to pick these beneficiaries from the big markets, each local government will submit 200 names that will be divided among 10 markets.
“This means from 10 markets will identify 20 beneficiaries each. We are going to give the Iyalojas and the Babalojas additional 50 slots for them to further identify beneficiaries.
“This is going to bring to a total of 250 beneficiaries from every local government and that will give us a total of 14,250.
“The balance of 750 we will identify other stakeholders, the markets that we have in barracks, in our military formation because they also have markets and they are our citizens and we need to take this type of intervention also to them.
“We will distribute the remaining 750 amongst them and it will bring us all our beneficiaries,’” he said.
Sanwo-olu told the market leaders at the gathering that he had fulfilled the promise made to the traders during their meeting.
He said that when he held a meeting with the market leaders, he promised them 5,700 beneficiaries but now, he has increased it to 15,000 beneficiaries.
“The first 15,000 would be the first attempt to ensure that the palliatives that Mr President, Bola Tinubu is talking about, the palliative that the market men and women have been clamouring for, we can give it to them.
“You can imagine somebody that is selling fruits.
“The total sale of what is on the store is about N40,000, if N50,000 additional that we are going to give will immediately increase the amount that is available for that market woman to be able to have the means.
“He or she will be able to trade more to generate enough revenue and to build a sustainable life for her family.
“We will look for how we will implement it that it will get to the grassroots, it will not be one-sided. We will give them the money,” he said.
Sanwo-Olu said that the Commissioner for Agriculture, Ms Abisola Olusanya, would handle all the logistics along with all the Local Government chairmen.
He added that the government had made arrangements for the funds and it would commence immediately, adding that it would be paid to beneficiaries before Dec. 31st 2023.
“This is a policy that will start immediately tomorrow, we must commence it before the end of the year, so that we can give them the money.
“We don’t want the new year to approach before we will start giving excuses.
“We have made arrangements for the money and we will ensure that this programme will give our people more resources to expand their businesses.
“This is now your government and you must give it all the support it deserves, we have promised and we are fulfilling it.
“We pray you will utilise the fund judiciously for the benefit for which it is given to you,” he said.
Earlier, Alhaja Toyibat Borokini, the Iyaloja of Mushin market, had urged the state government to provide support and assistance for her members in the face of the economic situation in the country.
Borokini said that the traders appealed to the governor to further assist them during their previous meeting.
“The entire market men and women in Lagos are grateful for this huge support and we will utilise this facility judiciously.
“This will definitely go a long way in boosting our businesses,” she said.
Sanwo-Olu inaugurates N750m market transfer money in Lagos
Headlines
Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.
The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.
One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”
Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.
Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.
A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”
Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.
The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.
The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.
Headlines
NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
-
Headlines3 years ago
Facebook, Instagram Temporarily Allow Posts on Ukraine War Calling for Violence Against Invading Russians or Putin’s Death
-
Headlines3 years ago
Nigeria, Other West African Countries Facing Worst Food Crisis in 10 Years, Aid Groups Say
-
Foreign3 years ago
New York Consulate installs machines for 10-year passport
-
News12 months ago
Zero Trust Architecture in a Remote World: Securing the New Normal
-
Entertainment3 years ago
Phyna emerges winner of Big Brother Naija Season 7
-
Headlines1 year ago
Nigeria Customs modernisation project to check extortion of traders
-
Economy1 year ago
We generated N30.2 bn revenue in three months – Kano NCS Comptroller
-
Headlines1 year ago
Philippines’ Vice President Sara Duterte resigns from Cabinet