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CBN Moves To Tackle Youth Unemployment

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The Central Bank of Nigeria(CBN) says it is partnering Chief Emmanuel Iwuanyanwu Foundation to tackle the lingering unemployment in Nigeria and Imo State in particular.
The CBN Programme Director, Dr Osita Aniemeka, said this yesterday in Owerri when his team visited Chief Emmanuel Iwuanayanwu in his office.
The two partners signed a Memorandium of Understanding on the “New Partnership for Entrepreneurship and Employment Creation (N-PEEC)” programmme.
Aniemeka said the programme would seek to provide a robust new partnership for critical job creation that could drive Nigeria’s development indices.
He said the project would also seek to make all Nigerians responsible for job creation, adding that through the programme, unemployed Nigerians would be assisted to start small and medium scale enterprises.
Aniemeka said this would be achieved after adequate Entrepreneurship Development Programme (EDP) and Vocational Training by the Iwuanyanwu Foundation- a non-governmental organisation with CBN –South East Entrepreneurship Development Centre (CBN-SEEDC).
“Small scale manufacturing/SMEs are very critical in our national development considering the current impact of excessive importation on our economy.
“Unemployed youths and students are also going to be trained on industry related skills spanning through the oil and gas, power sector, the agro-allied and the manufacturing, aside others,” he said.
Aniemeka said a partnership Investment Fund would be generated from individuals, financial institutions, foreign donor agencies, politicians, social organization, captains of industry, philanthropists and foundations to make the scheme workable.
Our correspondent reports that the agreement was signed by the Coordinator of Iwuanyanwu Foundation, Mr Chinedu Nsofor and Dr Aniemeka, Programme Director (CBN-SEEDC) on behalf of CBN.
Chief Iwuanyanwu, the Founder of the foundation, decried the upsurge in youth unemployment, poverty and destitution in Africa.
He said that the worrisome situation had now compelled some Nigerians to migrate to other countries desperately in search of greener pastures with disastrous consequences.
Iwuanyanwu recalled the crucial role of agriculture as the mainstay of the nation’s economy in the First Republic and expressed regret that it was abandoned by all following the discovery of oil.
“Agriculture was honourable and the main stay of the Nigerian economy.
“There were farm settlements and people lived well with it. Other Nigerians engaged in various trades and there was dignity in labour,” he said.
The politician said that all hands must be on deck to arrest unemployment through effective and judicious utilization of the nation’s natural resources.
“Seeing Nigerians languish in hunger is painful more so when the country is blessed with enough human and natural resources.
“It is time for Nigerians to rise up to tackle the challenge of unemployment.
“CBN and Iwuanyanwu Foundation is embarking on a programme that will change the scepter of life of the people and make them understand that there is dignity in labour.
“Our foundation has a programme to make the people realise that they can be rich without being professors or permanent secretaries,” he said.
He enumerated some of the achievements of the foundation to include offering scholarships to thousands of indigent students in post primary schools and universities.
Iwuanyanwu said that by the year 2008, the foundation had offered 10,000 scholarship to university students aside grants and rural infrastructure development.
He said that the foundation also gave cash worth about N6 million to some retired Anglican Church bishops, retired civil servants, old peoples’ homes and motherless babies’ homes.
Iwuanyanwu commended the CBN on the partnership and urged all Nigerians to work with the government to end poverty in the country.(NAN)
CEO/TÁ
Edited by Tajudeen Atitebi

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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