City Crime
Edo, BoI Unveil Fund For 50,000 Entrepreneurs
The Edo State Government and the Bank of Industry (BoI), have unveiled a Micro, Small and Medium Enterprise (MSME) development fund worth N2 billion to support entrepreneurs in the state.
The fund was launched during a citizens’ engagement session organised by the Edo State Skills Development Agency, also known as Edo Jobs, held at the Government House in Benin City.
Speaking at the event, Governor Godwin Obaseki said, “The Bank of Industry (BoI), which is a reliable partner, is here today to launch the MSME fund. The initial amount is N2 billion. Edo State Government provided N1 billion, while BoI provided the other N1 billion, making it N2 billion, with an attractive interest rate.”
”In addition, we have a N165 million fund, as part of the first tranche from the Edo State Government. It will be made available to small businesses, which are currently domiciled in our production hub, to support and encourage them to grow their businesses.
“BoI has the capacity and resources to support this kind of programme. From this N2 billion fund, we estimate that we can impact as many as 50,000 businesses in Edo State. We have other facilities with other institutions like the Central Bank of Nigeria (CBN). This is a start-up fund, as we expect it to continue to grow: If you start with N50,000, now and when you do well tomorrow in your business, you will need N200,000.
Borrowing is part of business, provided you continue to grow,” the governor stated.
The Governor assured that despite the Covid-19 pandemic, his administration remained committed to improving the livelihoods of the people and creating opportunities for the youths to thrive.
He stated: “We have continued to create opportunities for Edo youths as our administration is open, transparent and competent in all we do. We urge Edo people to trust us, as all the opportunities that we present are real, and life-transforming for Edo people.”
On his part, Managing Director/Chief Executive Officer, BoI, Mr. Olukayode Pitan, said that “in a quest to grow and develop MSME businesses in the country, the bank has resolved to continue to collaborate with existing enterprises, as well as reputable local and international partners.
“This MSME fund is aimed at providing business loans to enterprises located within the state, while the second fund is the N165 million Edo Production Hub Fund, financed by the Edo State Government. The Edo Production Hub Fund is managed by the BOI and is to support businesses located within the state-owned production hub.”
Later, the governor and his team, as well as his guests were also taken on a guided tour of the Edo Production Hub. They also commissioned the new Bank of Industry building in Benin City.
City Crime
Withdraw Social Media Bill Or Face Lawsuit, SERAP Tells NASS
SERAP warned that it would institute legal action if the bill is passed in its current or substantially similar form.
The bill, sponsored by Senator Ned Nwoko (APC, Delta North), seeks to compel social media platforms, data controllers and data processors operating in Nigeria to establish physical offices in the country.
It also empowers the Nigeria Data Protection Commission to shut down or prohibit the operations of any entity that fails to comply within 30 days.
In a letter dated July 18, 2026, and addressed to Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas, SERAP said the proposed amendment posed a threat to constitutionally guaranteed rights.
The letter, signed by SERAP Deputy Director Kolawole Oluwadare and issued on Sunday, read in part, “Requirements compelling technology companies to establish local offices would increase government leverage over platforms, facilitate political pressure, make censorship demands easier and expose local employees to retaliation.
“The Bill would create sweeping powers capable of shutting down or excluding social media platforms from the Nigerian market and expose millions of Nigerians to serious violations of their constitutionally and internationally guaranteed human rights.”
SERAP argued that the bill revives previous attempts to regulate social media that attracted widespread public opposition.
“The current Bill revives substantially similar proposals previously introduced by Senator Nwoko, raising renewed concerns that localisation requirements are being used as a vehicle for expanding governmental control over digital platforms and online expression,” it said.
The organisation warned that it would challenge the legislation in court if enacted.
“Should the Bill be enacted into law in its current or substantially similar form, SERAP shall promptly take all appropriate legal actions to challenge its legality in the public interest and to ensure that Nigerians’ fundamental rights are fully protected,” the letter stated.
According to SERAP, the proposed legislation would give the Nigeria Data Protection Commission excessive powers to block digital platforms without adequate procedural safeguards.
“The Bill constitutes a backdoor attempt to regulate social media and increase governmental control over online expression through corporate localisation requirements rather than through transparent and constitutionally permissible regulation,” it said.
The group argued that the bill lacks provisions for prior judicial authorisation, meaningful opportunities for compliance beyond the proposed 30-day period, and safeguards to protect the rights of millions of Nigerians who rely on digital platforms.
SERAP also cited the judgment of the ECOWAS Court of Justice on Nigeria’s suspension of Twitter, arguing that the proposed amendment could produce similar consequences by indirectly excluding social media platforms from operating in the country.
“The Bill also risks recreating the very dangers previously condemned by the ECOWAS Court of Justice. In SERAP and Others v. Federal Republic of Nigeria, the Court held that the suspension of Twitter violated the rights to freedom of expression, access to information and media freedom protected under the African Charter.
“Although the present Bill differs from the Twitter suspension in form, it creates the possibility of achieving the same result indirectly by empowering regulators to prohibit digital platforms from operating in Nigeria.
“The National Assembly should not enact legislation capable of producing, through indirect regulatory means, the very restrictions on fundamental rights that regional human rights law prohibits,” the organisation said.
It maintained that while governments have a legitimate interest in regulating digital platforms, such measures must comply with constitutional guarantees and international human rights standards.
The organisation further warned that mandatory localisation requirements would increase compliance costs for technology companies, startups, educational institutions and artificial intelligence developers.
“The proposed amendment conflicts directly with the objectives of the Nigeria Startup Act 2022 and the National Digital Economy Policy and Strategy.
“Mandatory localisation requirements substantially increase compliance costs, particularly for startups, open-source projects, educational institutions, research organisations, AI developers and smaller technology companies, while reducing Nigeria’s attractiveness as a destination for innovation and investment.
“No major democratic jurisdiction requires every social media platform to establish a physical office as a blanket precondition for providing services.”
SERAP added, “The National Assembly should immediately reject and withdraw the Bill, as it is manifestly incompatible with the Nigerian Constitution and Nigeria’s obligations under the African Charter on Human and Peoples’ Rights and the International Covenant on Civil and Political Rights.”
City Crime
Nigeria’s World Cup Absence A Big Miss – Terry
England and Chelsea legend John Terry has expressed disappointment over Nigeria’s absence from the 2026 FIFA World Cup, admitting that the Super Eagles will be sorely missed as the tournament started yesterday Tidesports source reports.
Eric Chelle’s side finished second in Group C of the CAF World Cup qualifiers behind South Africa, who secured one of the automatic qualification spots for the tournament.
The Super Eagles kept their hopes alive by defeating Gabon in the playoff semi-finals but saw their dreams shattered after losing to the Democratic Republic of Congo on penalties in the decisive playoff final.
The defeat condemned Nigeria to a second successive absence from the World Cup, having also failed to qualify for the 2022 tournament in Qatar. The Nigeria Football Federation later challenged DR Congo’s qualification, alleging the use of ineligible players during the campaign. However, the appeal was dismissed, ending any hopes of a late reprieve.
Nigeria will be a big miss. This is a World Cup for participants who haven’t had the opportunity to play in the tournament. I would have loved to see a top team like Nigeria there because they’ve got some great individuals. They’re a great nation. So, yeah, they fall under that category for me.
“I think they are a big miss because Nigeria probably would have gone further in the competition, but unfortunately, one side’s loss is another’s gain.
“I know Mikel Obi is very upset that they’re not there. It means he can’t do more commentating on the World Cup. That’s why he was upset.”
The 2026 World Cup officially begins with co-hosts Mexico.
The historic clash, set to take place at the iconic Estadio Azteca, rekindles memories of the opening match of the 2010 FIFA World Cup, which ended 1-1. South Africa took the lead through Siphiwe Tshabalala’s stunning strike before Rafael Márquez salvaged a draw for Mexico with a 79th-minute equaliser.
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