Enugu Govt Reaffirms Support For Farmers, Vows To Eradicate Hunger
LarryBravo Nwaiwu
LarryBravo Nwaiwu
Amaka Obiefuna
No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge — the Bank’s flagship entrepreneurial development initiative launched a few years ago.
Over this period, the Bank has invested in supporting budding entrepreneurs across multiple sectors to start businesses, create jobs, and contribute to Nigeria’s economic growth.
The ongoing initiative recently produced 30 new winners, who received a total grant of ₦16 million during the Batch B, Stream II edition of the National Youth Service Corps (NYSC) orientation course, held across 10 states of the federation.
The winners, innovative young entrepreneurs developing solutions across various value chains such as fashion design, bag making, pastry and beverage production, event management, and vegetable farming, emerged after pitching their business ideas during the challenge at NYSC Orientation Camps in Lagos, Delta, Kaduna, Jigawa, Kwara, Benue, Abia, Kogi, Rivers, and Plateau States.
At the NYSC Orientation Camp in Ipaja, Lagos State, Fiyinfoluwa Titilayo Ojo, who pitched a soap-making enterprise, emerged the overall winner to clinch the ₦800,000 grand prize. Ndukwe Chiamaka Joan, with her innovative Small Chops business proposal, claimed ₦500,000 as first runner-up, while Barakat Modinat Olamide secured ₦300,000 to support her beverage-making venture.
Expressing her excitement after emerging as the overall winner in Lagos, Fiyinfoluwa Titilayo Ojo described the experience as life-changing, stating, “I’m truly grateful to Unity Bank for this opportunity. Winning the Corpreneurship Challenge has given me the push and confidence I needed to scale my soap-making business. Beyond the grant, the experience taught me how to structure my business better and believe in its potential. It’s amazing to see a bank that genuinely invests in young people’s dreams.”
Across the remaining nine states, 27 other winners also emerged after pitching diverse business ideas ranging from fish and poultry farming to printing, piggery, and cake production.
Over the past six years, the Unity Bank Corpreneurship Challenge has become an integral part of the NYSC programme, aligning with the Federal Government’s drive to upskill young graduates and promote entrepreneurship amid the scarcity of white-collar jobs. Each edition attracts thousands of entries from corps members whose business plans are evaluated for originality, marketability, job creation potential, and overall business acumen.
Speaking during the grand finale in Lagos, Unity Bank’s Divisional Head, Retail & SME, Mrs. Adenike Abimbola, reaffirmed the Bank’s commitment to empowering Nigerian youth through enterprise. She said:
“At Unity Bank, we believe that the energy and creativity of young Nigerians are vital to the nation’s economic transformation. The Corpreneurship Challenge is our way of nurturing this potential — by giving corps members the financial boost, mentorship, and confidence to turn their ideas into thriving businesses. Seeing over 578 young entrepreneurs already impacted motivates us to keep expanding the initiative and deepening our support for the SME ecosystem.”
The Corpreneurship Challenge has earned Unity Bank national recognition for its role in youth empowerment and job creation, attracting over 2,000 applicants per edition.
In partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme, the initiative continues to serve as a launchpad for youth-owned enterprises, offering grants of up to ₦800,000 to help corps members turn their business dreams into reality.
By Winifred Bosa
By Winifred Bosa
In a statement released to the media, FITC stated that the theme for this year’s event, titled “Securing Tomorrow: Cyber Resilience, Intelligent Defense and the Architecture of Trust in a Borderless World’ will commence on October 22nd, 2025, at the Four Points by Sheraton, Victoria Island, Lagos.
Dr. Chizor Malize, MD/CEO of FITC said, “Cybercrime has become one of the most urgent threats facing Africa’s digital economy. From sophisticated fraud schemes in the financial services sector to cross-border ransomware attacks on governments and businesses, the cost of cyber insecurity is mounting at an alarming pace.”
In response, she revealed that FITC, Africa’s foremost knowledge and innovation-led institution, in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), will be hosting this year’s conference.
This year’s theme, “Securing Tomorrow: Cyber Resilience, Intelligent Defense and the Architecture of Trust in a Borderless World,” reflects the critical need to strengthen Africa’s cyber defenses as digital transformation accelerates across every sector, she said.

The African digital economy is experiencing an unprecedented surge. Mobile payments, blockchain adoption, digital lending, and cross-border e-commerce are reshaping the financial and commercial landscape. Yet, this rapid expansion has come with staggering risks. According to the African Union’s Cybersecurity Outlook 2024, cybercrime costs the continent an estimated $4 billion annually, with Nigeria, Kenya, and South Africa accounting for more than half of the losses.
Criminals are shifting from high-volume attacks to precision-targeted strikes that exploit systemic vulnerabilities. In Nigeria alone, industry reports reveal multi-billion-naira losses linked to phishing, insider collusion, ransomware, and large-scale fraud schemes that directly undermine trust in financial services.
“As Africa moves boldly into the digital age, its economic future depends on one word — trust,” adding that “ThinkNnovation 2025 is not just another conference; it is a platform for urgent dialogue and concrete action. We must design cyber resilience into every layer of our systems — payments, identity, regulation, and infrastructure — if Africa is to secure its digital tomorrow.”
The ThinkNnovation Cybersecurity Conference 2025 is designed as a response platform, bringing together regulators, CIOs, CISOs, CROs, bank executives, fintech founders, policymakers, and international experts to confront the continent’s most pressing cybersecurity challenges.
Unlike generic tech events, ThinkNnovation is structured as a solution-driven convening, with sessions curated to foster actionable strategies, policy frameworks, and collaborative defenses. Delegates will engage through high-level keynotes, dynamic plenary discussions, investigative panels, and simulation exercises that replicate real-world attack scenarios on financial networks.
The conference programme will spotlight urgent themes at the intersection of security, trust, and digital growth, including: The New Face of Financial Crime – Moving from fraud volume to fraud value, and how institutions can adapt defenses.
Others are Zero Trust in Practice – Applying zero trust principles across payments, digital identity, and authentication systems, Cybersecurity & Regulation – Smart oversight as a pathway to systemic stability, the Human Factor – Insider threats, workforce readiness, and cultivating a security-first culture, the Global Lens – Insights from global breaches and lessons for Africa’s financial ecosystem, and Emerging Risks – AI-driven threats, deepfakes, and the vulnerabilities of next-gen technologies.
The central thesis of ThinkNnovation is that cyber resilience cannot be achieved in isolation. Across Africa, the financial ecosystem has become deeply interconnected, with banks, fintechs, regulators, telcos, and governments increasingly reliant on shared infrastructure and digital platforms. In this environment, the actions—or inactions—of one institution can have ripple effects across entire markets.
Over the years, institutions such as the Nigeria Inter-Bank Settlement System (NIBSS) have played a pivotal role in fostering collective defenses and standardizing frameworks that enable safer, more efficient digital transactions across the financial services industry. These efforts underscore a growing recognition that fragmented approaches are no longer sufficient in the face of cybercriminal networks that are global, coordinated, and constantly evolving.
The ThinkNnovation Cybersecurity Conference 2025 builds on this momentum by providing a neutral platform for dialogue, knowledge exchange, and collaboration. It is designed to enable stakeholders to move beyond conversations and toward practical solutions—whether through the development of joint cybersecurity frameworks, the issuance of policy communiqués, or the creation of new public-private partnerships.

……… Over 40m small businesses To Benefit From Improved Financing Options
Amaka Obiefuna
The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) aimed at improving access to long-term financing for small and medium enterprises (SMEs) through the Nigerian capital market.
The partnership is designed to create alternative sources of capital for the country’s over 40 million registered micro, small, and medium enterprises (MSMEs), helping them grow, create jobs, and contribute to the Federal Government’s $1 trillion economy target.
Speaking at the signing ceremony in Abuja, Director-General of the SEC, Dr. Emomotimi Agama, said the initiative would open new funding routes for SMEs and integrate them into the capital market ecosystem.
“Capital is the bedrock of any company. Today we have about 40 million Small and Medium Enterprises that are duly registered with Small and Medium Enterprises Development Agency of Nigeria and it is important that as a capital market, we are able to find a route for these small and Medium Scale enterprises to be able to raise capital for sustainability.
“We also want to bring them on board the pipeline of listed companies in Nigeria where they will be able to democratize wealth and share a part of their institutions with Nigerians making sure that development is faster and to lead to the growth of the economy,” he stated.
He added that the collaboration aligns with President Bola Tinubu’s agenda on employment, growth, development, and production, describing it as a critical step toward achieving the administration’s trillion-dollar economy vision.
On his part, SMEDAN Director-General, Mr. Charles Odii, said the MoU would enable small businesses to overcome the high cost and scarcity of capital by leveraging the capital market.
“Capital in this part of the world is very expensive and scarce,” Odii said. “Through this collaboration, we are creating another source of financing for our medium-scale businesses. We have set ourselves a target of at least 1,000 SMEs listing on the capital market. This will galvanize growth, create wealth, and reduce unemployment in Nigeria.”
The agreement between the two agencies seeks to deepen the integration of MSMEs into the formal financial system and help them meet regulatory and governance standards required for market participation.
Among its major benefits, the MoU will improve access to long-term financing by supporting qualifying MSMEs to raise funds through equity or debt securities under SEC regulations. It also provides for capacity building, as both agencies will organize training and awareness programs to educate SMEs on capital market participation, financial literacy, and corporate governance.
In addition, the SEC will contribute to SMEDAN’s five-year strategic policy framework to promote inclusive financing and SME-friendly capital market policies. SMEDAN, on its part, will identify and encourage qualifying SMEs to list on recognized exchanges, expanding their access to funding and business growth opportunities.
The collaboration will also facilitate debt market participation by guiding creditworthy SMEs to issue debt securities to qualified investors, thereby widening their financing options beyond traditional bank loans. Both institutions will jointly organize a three-day national SME conference to engage stakeholders, promote market opportunities, and drive policy discussions.
The MoU further provides for the establishment of a Joint Working Group (JWG) to monitor implementation, as well as mechanisms for data sharing in line with the Nigeria Data Protection Act, 2023.



By Winifred Bosa