Ondo State Vital to Nigeria’s Socio-Economic Growth – VP Shettima Declares at National MSME Clinic – Nigeria Updates- Breaking News, Nigerian News, Politics, Sports, Entertainment and Business – Nigeriaupdates.com
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Ondo State Vital to Nigeria’s Socio-Economic Growth – VP Shettima Declares at National MSME Clinic

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Nigeria’s Vice President, Senator Kashim Shettima, has described Ondo State as a pivotal force in the country’s socio-economic development, underscoring the vital role of Micro, Small, and Medium Enterprises (MSMEs) in transforming Nigeria’s economic landscape.

Speaking on Tuesday, August 5, 2025, at the 7th edition of the Expanded National MSME Clinic held at The Dome in Akure, Shettima declared, “MSMEs account for 90 percent of jobs in this country. They are key to poverty alleviation and national prosperity. The growth of our economy must go hand in hand with the growth of small businesses.”

The event, themed “Ondo 2025”, brought together business leaders, traditional rulers, government officials, and entrepreneurs to discuss and accelerate support for MSMEs.

The Vice President noted that 65 Ondo-based MSMEs have already accessed the Federal Government’s N75 billion intervention fund and reiterated that Ondo’s contributions to national productivity cannot be overlooked.

“This fund is designed to provide affordable financing for entrepreneurs,” he explained. “We must ensure that this support is not a one-way gesture. I call on all partner agencies to continue working hand-in-hand with MSMEs to deliver lasting impact.”

Vice President Kashim Shettima addressing participants and guests at the Exhibition.

Renewed Hope in Agriculture and Industry

As part of the administration’s broader economic strategy, Shettima unveiled a key initiative under President Bola Tinubu’s Renewed Hope Agenda – the planting of 100 million oil palm trees nationwide and revival of the cocoa industry.

“President Bola Ahmed Tinubu has given a clear directive that we should plant 100 million oil palm trees across the country. We’re also going to revive the cocoa industry,” Shettima said.

He also praised Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, for the state’s efforts in empowering small businesses and improving infrastructure.

“Let me commend the Governor of Ondo State for his visible commitment to development. What I’ve seen here today is very impressive,” the VP noted.

Governor Aiyedatiwa: MSMEs Are the Backbone of Our Economy

In his speech, Governor Aiyedatiwa emphasized the clinic as a strategic intervention in unlocking Nigeria’s full economic potential through the growth of MSMEs.

“We believe that MSMEs are the backbone of Nigeria’s economy,” he said. “Our OUR EASE agenda directly aligns with the Federal Government’s Renewed Hope Agenda, and we are fully committed to creating an enabling environment for entrepreneurship.”

Governor. Aiyedatiwa addressing the guests and participants

Aiyedatiwa celebrated local success stories, including Denki Wire and Cables Ltd and Kay Classic Fashion, both national MSME Award winners for excellence in manufacturing and fashion.

The Governor also outlined his administration’s support for small businesses, including:

N220 million in interest-free loans disbursed in 2024 via the Ondo State Micro-Credit Agency (ODSMA)

Access to the Bank of Industry N75 billion intervention fund

The “One Youth One Skill” initiative

The launch of Odatiwa Skills Development Enterprise Centres (OSDEC) and Ondo’s first mini shared facility

He used the opportunity to request federal support for:

A Fashion Hub Shared Facility in Ondo

An Oil Palm Processing Plant to boost the state’s agricultural productivity

Regional Leaders, Monarchs Back MSME Growth

Also present at the event was Ekiti State Governor Abiodun Oyebanji, who praised the MSME Clinic as a “strategic tool for human capacity development.”

“National development is best driven by productivity. We must patronize locally made goods to empower our people,” Oyebanji said.

In a royal goodwill message, the Ooni of Ife, His Imperial Majesty Oba Adeyeye Ogunwusi, Ojaja II, emphasized youth empowerment and collaboration.

“Empowering young entrepreneurs and supporting Nigerian-made products through public-private partnership is the path forward,” the Ooni remarked.

Policy Makers Highlight Impact of MSME Clinics

Mr. Temitola Adekunle-Johnson, Special Adviser to the President on Job Creation and MSMEs, detailed how the clinics have improved direct engagement between regulators and small business owners nationwide.

Earlier, Deputy Governor Dr. Olayide Adelami expressed gratitude to the Vice President for attending, reiterating Ondo’s commitment to business growth and economic transformation.

Orioye Gbayisemore, SSA to the Governor on Youth Empowerment and Job Creation, announced that over 10,000 youths have been empowered through various state initiatives.

“The youth of Ondo State are exceptionally creative and industrious. Their entrepreneurial efforts are contributing meaningfully to national development,” Gbayisemore said.

Traditional Rulers Pledge Support for National Agenda

Prior to the MSME Clinic, VP Shettima visited the Ondo State Council of Obas Secretariat where he engaged with traditional rulers, seeking continued support for the policies of the Tinubu administration, especially ahead of the 2027 general elections.

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Unity Bank Corpreneurship Challenge: OAU, UNN Graduates Win N800,000 Grants at NYSC Camps

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Fresh graduates from Obafemi Awolowo University (OAU), University of Nigeria, Nsukka (UNN), and other tertiary institutions have won cash grants of up to N800,000 in the latest edition of Unity Bank’s Corpreneurship Challenge.

The winners emerged during business pitch sessions held at Batch C, Stream 2 of the National Youth Service Corps (NYSC) orientation camps across 10 states.

The competition forms part of Unity Bank’s flagship Entrepreneurship Development Initiative, designed to help corps members turn business ideas into viable ventures.

Who won what?

At the Lagos NYSC Orientation Camp, Awolumate Fawaz Babatunde, a Civil Engineering graduate of The Polytechnic, Ibadan, clinched the N800,000 grand prize after pitching a fashion design business.

Ugwoke Daniel Ifechukwu, a graduate of UNN, finished as first runner-up, receiving N500,000.

In Rivers State, Abdur-Razaq Sayfullah Adebola, an OAU graduate, topped the competition at the Nonwa Gbam Tai camp with a footwear-making business proposal.

Olatunde Esther Funmilayo of Olabisi Onabanjo University won in Kwara State after presenting a deodorant production and services business plan.

Additional winners emerged from Abuja, Niger, Adamawa, Jigawa, Plateau, Kaduna, and Delta States.

Why It Matters

Nigeria faces rising youth unemployment and shrinking white-collar job opportunities.

For many graduates, the NYSC year is increasingly becoming a transition period into entrepreneurship rather than salaried employment.

Unity Bank says the programme is designed to close the funding gap young entrepreneurs often face at the start of their careers.

Speaking on the initiative, Mrs Adenike Abimbola, Divisional Head, Retail, SME & E-Business at Unity Bank Plc, said:

“The Corpreneurship Challenge has been driven by our commitment to boosting entrepreneurship among young people, especially fresh graduates. At Unity Bank, we recognise that many young Nigerians possess viable business ideas but lack the initial capital and support to bring them to life. The Corpreneurship Challenge was designed to bridge that gap by providing financial backing, mentorship, and confidence to fresh graduates at a critical stage of their lives.”

She added:

“What we see every edition is innovation, resilience, and a strong desire among young graduates to create value and jobs. By supporting them early, we are not only helping individuals, but also contributing to the growth of the SME ecosystem and the broader economy.”

The Corpreneurship Challenge is delivered in partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) initiative.

Since its inception, the programme has supported 638 young entrepreneurs nationwide, with cumulative grants reportedly reaching up to N300 million.

Government & Policy Context

The initiative aligns with the Federal Government’s push to promote self-employment among graduates.

With public sector hiring slowing and private sector absorption limited, entrepreneurship is increasingly viewed as a pathway to economic stability and job creation.

What’s Next?

Unity Bank says it plans to expand the reach of the Corpreneurship Challenge across more NYSC camps.

The bank says the initiative forms part of its broader strategy to drive financial inclusion, job creation, and sustainable economic growth.

For many corps members, the next step will be translating pitch ideas into real businesses in competitive markets.

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Union Bank Executives Inducted as ARCON Registered Advertising Practitioners in Lagos

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L-R: (Front Row Seated) Chief Brand and Marketing Officer, Union Bank of Nigeria, Mrs. Olufunmilola Aluko; Director-General, Advertising Regulatory Council of Nigeria (ARCON), Dr. Olalekan Olumuyiwa Fadolapo; and Director Regulation, Monitoring and Enforcement, ARCON, Mrs. Emme Akande with (Back Row Standing) 2nd Right, Head Strategic Brand Management, Union Bank, Alvin Agorom; 5th Right, Head Product Marketing, Ejiebhen Egbomondion; 6th Right, Head Strategic Communications and Media, Olufisayo Adelekun with other Union Bank Inductees during their induction by ARCON as Registered Advertising Practitioners of Nigeria held at the Stallion Plaza in Marina, Lagos recently.

Senior marketing executives of Union Bank of Nigeria have been inducted as Registered Advertising Practitioners by the Advertising Regulatory Council of Nigeria (ARCON).

The induction ceremony took place at Stallion Plaza, Marina, Lagos.

The event marks a formal recognition of the bank’s senior brand and marketing professionals under Nigeria’s advertising regulatory framework.

Why It Matters

ARCON is Nigeria’s statutory regulator for advertising and marketing communications.

The body ensures that practitioners meet professional, ethical and regulatory standards.

For financial institutions like Union Bank, compliance with advertising regulations is increasingly important as digital marketing expands and consumer protection concerns grow.

The Induction Ceremony

Those inducted include Union Bank’s Chief Brand and Marketing Officer, Mrs Olufunmilola Aluko.

Also present were the Director-General of ARCON, Dr Olalekan Olumuyiwa Fadolapo, and ARCON’s Director of Regulation, Monitoring and Enforcement, Mrs Emme Akande.

Other Union Bank executives inducted include Alvin Agorom, Head of Strategic Brand Management; Ejiebhen Egbomondion, Head of Product Marketing; and Olufisayo Adelekun, Head of Strategic Communications and Media.

The ceremony formally registers them as licensed practitioners under Nigerian law.

ARCON’s Expanding Role

ARCON has in recent years intensified enforcement of advertising regulations, including sanctioning unregistered practitioners and non-compliant campaigns.

The regulator says its goal is to sanitise the industry and protect consumers from misleading or unethical advertising.

What’s Next?

ARCON is expected to continue expanding registration and enforcement across industries.

For Union Bank, the induction signals a commitment to aligning its brand communication strategy with regulatory standards.

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iGoGlobal Launches Couples Week Promo With Free Wellness Products for Members

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iGoGlobal International has announced a new promotional campaign aimed at encouraging joint participation and account upgrades within its global network.

The initiative, tagged “Couples Week,” rewards members who activate new registrations or upgrade existing accounts with complimentary units of the company’s wellness products.

The company says the offer is part of a broader strategy to strengthen community growth while promoting personal health and financial empowerment.

How the Couples Week promo works

Under the promotion, rewards increase depending on the membership package activated.

Members who sign up or upgrade to the Presidential package will receive seven complimentary wellness units, while those choosing the Royal package get four units.

The First Class package attracts three units, the Business package comes with two units, and the Advanced package offers one unit.

According to iGoGlobal, upgrades from Economy or Premium packages to higher tiers will be treated as fresh registrations, allowing members to access the full promotional benefits.

However, Economy and Premium packages are excluded from the Couples Week offer.

Why it matters

Direct-selling companies often rely on incentives to drive engagement, retention, and network expansion.

For members, the incentive reduces the cost of entry into higher packages while providing access to wellness products that would normally require additional spending.

Company reaction

Speaking on the promotion, an iGoGlobal spokesperson, Mr Emmanuel, described it as a timely opportunity for members.

“Couples Week just got hotter. This is a prime opportunity for our global community to accelerate their business momentum while securing our most sought-after wellness products,” he said.

The company added that the campaign reflects its dual focus on entrepreneurship and healthy living.

What’s next

iGoGlobal says the Couples Week promotion is time-limited, urging interested members and prospective partners to act quickly.

Further details on package tiers and rewards are available on the company’s official website and through local distributors.

About iGoGlobal International

iGoGlobal International is a global direct-selling company focused on wellness solutions and entrepreneurial development.

Through its tiered membership structure, the company says it aims to help individuals improve their quality of life while building sustainable income streams.

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