Connect with us

News and Report

AACLE SETS TO BOOST ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

Published

on

With a deep-rooted desire to ensure that the average Nigerian entrepreneur is pulled out of the abyss of frustration and poverty caused by governmental and societal neglect, AACLE International, a United Kingdom-based company founded by Nigerian professionals, is set to launch an online community of entrepreneurs providing financial and other solutions to the business needs of each member of the community. The focus of AACLE, which website launches Thursday, December 1st, is especially on young school leavers, young adults with viable business ideas and SMEs who they give business grants ranging from N20, 000 to N1million.
A statement signed by AACLE’s Director of Social Enterprise, Tosin Adebusuyi, avers, “The aim of AACLE is to help bridge the gaps as a social enterprise that provides a veritable and robust space for interaction among entrepreneurs on one hand; and interaction with solution providers on the other hand. These solution providers are both private and institutional and they bring to the table the seed capital, startup fund, growth capital and expansion fund to existing and start-up SMEs.” She continued, “By the time it is launched, aacle.com will become the biggest village, a global melting pot, for entrepreneurs across Nigeria and beyond where everybody’s interest is the overall welfare of the promoter and his/her business. This is the on-line network that brings sustainable solutions to diverse challenges of the Nigerian entrepreneur.”
Adebusuyi noted that some of the solutions AACLE provides include funding SMEs, finding practical and lasting solutions to take-off challenges, offering legal advice and assistance as they affect businesses, mentoring the needs of business owners and even going as far as ensuring the well-being of entrepreneurs on the platform among others. Further, she said, “AACLE also hopes to empower the next generation of prospective small and micro entrepreneurs with business intelligence and start-up grants, provide existing and struggling small ventures with growth financing with no collateral security, support pensioners and the unemployed with small grants for business venture and provide free on-line counsel to the unemployed in the area of CV writing, job hunting and interview preparation.”
As part of its entry efforts in job and wealth creation, the Central Bank of Nigeria, through its Entrepreneurship Development Centre, has partnered with AACLE which gives the company more in-road into other parts of the country starting with the southwest. According to Dr Olumide Ajayi, Program Director, CBN-EDC Southwest, “Every person that enrolls for the program enjoys world class facilitation and business development services which also includes writing of their business plans and post training field visits, access to funding from the CBN MSME intervention fund and other funding opportunities, linkage with established organisations for internship, as well as 12months of post training mentoring from the centre.” The benefits are indeed innumerable. Though registration fee for the CBN-EDC is N5, 000, AACLE has offered to pay for 600 Nigerians who register on the platform and who possess a minimum of OND qualification and a BVN among other requirements.

Continue Reading
Advertisement

News and Report

Lagos broadcast stations decry union violence, 48-hour shutdown

Published

on

By

The management of Lagos State Government-owned broadcast stations has condemned the recent violent actions by striking union members, which disrupted operations and forced the stations off-air for 48 hours.

In a statement issued on Tuesday by the Head of Service, Establishments and Training, Afolabi Ayantayo, it was disclosed that the affected stations—Lagos Television, Radio Lagos/Eko 89.7FM, and Traffic Radio—were attacked on Monday by workers allegedly affiliated with the Nigeria Labour Congress, the Radio, Television, Theatre, and Arts Workers Union, and the Nigeria Union of Journalists.

The statement noted that striking workers reportedly vandalised studio doors, assaulted on-air presenters, switched off transmitters, and severed cables in an attempt to enforce the strike.

“The stations—LTV, Radio Lagos/Eko 89.7FM, and Traffic Radio—were forced off-air for 48 hours by workers who destroyed studio doors and assaulted presenters. They switched off transmitters and severed cables in unprecedented acts of violence, captured on video. Many workers were also whipped for refusing to join the strike, which aimed to pressure the government into placing about 400 workers on the civil service payroll,” the statement read.

Describing the incident as unprecedented, the station managers expressed their disappointment with the unions’ approach.

“Despite the State Government’s open communication channels, the leadership of NLC, RATTAWU, and NUJ chose the path of violence—both in words and actions,” the managers said in the statement.

They further described the strike as not only an attack on the broadcast stations but also a show of disrespect towards state authorities.

“The strike, which the managers have described as an attack and a sign of disrespect for the authorities, has raised doubts about the leadership of the NLC, RATTAWU, and NUJ in Lagos being committed to an amicable resolution of the crisis.”

The statement added that the union leaders have been invited to another meeting scheduled for Wednesday, 15 January 2025, to discuss the issues in dispute.

Continue Reading

News and Report

CBN Fines Zenith, First Bank, Globus Bank, Others N1.3 Billion For Not Dispensing Cash

Published

on

By

The Central Bank of Nigeria (CBN) has fined nine deposit money banks in Nigeria a sum of N150 million each, amounting to N1.350 billion for failing to dispense cash through their Automated Teller Machines (ATMs) during the yuletide season.

According to the apex bank, the sanctioned banks include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, and two others.

This is according to a press statement on Tuesday by CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali.

The statement read “In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season.

“Each bank was fined N150 million for non-compliance, in line with the CBN’s cash distribution guidelines, following spot checks on their branches. The enforcement action follows repeated warnings from the CBN to financial institutions to guarantee seamless cash availability, particularly during periods of high demand.

 

Continue Reading

News and Report

Police uncover two gun manufacturing factories in Benue, arrest suspects

Published

on

By

Operatives of the Benue State Police Command have uncovered two gun manufacturing factories in Guma and Kwande local government areas of the state.

This was disclosed in a statement released on Tuesday by the state Commissioner of Police, Mr Steve Yabanet.

The CP noted that through credible information about criminals manufacturing arms at Mbaafa, Adikpo, Kwande LGA, detectives were deployed to the areas for investigation.

According to him, on January 11, police stormed a gun factory at Mbaafa and arrested one Friday Aduduakamve and Iorwashima Iornyume, aka AK-35.

The CP said that the operatives searched the factory and recovered nine fabricated pistols and one yet to be completed AK-47 rifle, amongst others.

He said that the team also uncovered another gun manufacturing factory in Daudu, Guma LGA, where more arms were recovered.

“As police detectives began intelligence gathering on criminal activities in Daudu, information was received that one Meme Ihoon, 50 years old, was responsible for all short arms being used by kidnappers, armed robbers, and cultists in Daudu.

“During the investigation, the said suspect was arrested on January 10; six dane guns and three long pipes used for fabricating guns were recovered from his house.

“The suspect confessed to having been producing and selling arms. Investigation is ongoing to arrest other criminals connected with the case,” the police spokesman said.

Continue Reading

Trending