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FCTA Begins Enforcement Actions On 1,095 Property Titles Revoked Over Non-Payment Of Ground Rent, Land Use Conversion Fee

BusinessTodayNG — Fri, 28 Nov 2025 20:43:33 +0000

The Federal Capital Territory Administration (FCTA) has commenced enforcement actions on a total of 1,095 property titles in the Federal Capital Territory (FCT) that were revoked over non-payment of Ground Rent, Certificate of Occupancy (C-OF-O) bill and Penalty/Violation fee and Land Use Conversion fee.

The 1,095 are property titles in Asokoro, Maitama, Garki and Wuse districts of the Federal Capital City (FCC).

The owners had ignored series of public notices, made from May to November, this year, by the FCTA in national dailies, online platforms and television stations, requesting defaulters to settle their financial obligations/liabilities or risk losing their titles.

The public notice on Friday, by the FCTA was titled; “Commencement of enforcement actions on defaulters of Ground Rent payments, Land Use Conversion Fee, C-of-O bills.”

It reads; “The general public particularly holders of property in the FCT are hereby notified that the Minister of the Federal Capital Territory (FCT), His Excellency, Barr. Nyesom Ezenwo Wike, CON has approved commencement of enforcement actions on a total of 1,095 properties in the Federal Capital City (FCC) for defaulting in various payments.

“Despite the several publications/public notices made by the Federal Capital Territory Administration (FCTA) in some national dailies, online platforms and television stations requesting defaulters to settle their financial obligations/liabilities to the FCTA namely – Ground Rent, Certificate of Occupancy (C-of-O) Bill, Penalty/Violation Fee, and Land Use Conversion Fee, the underlisted property holders have failed to comply. This contravenes the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act and also the terms and conditions of grant of the respective Rights of Occupancy.

“Following the expiration of the final grace period of fourteen (14) calendar days on Tuesday, the 25th of November 2025, the FCT Administration will carry out enforcement actions on the 835 properties for defaulting in payment of Ground Rent and 260 properties for defaulting in payment of Violation Fee and Land Use Conversion Fee.”

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FG Trains 100 Higher Institutions Students In Entrepreneurship

BusinessTodayNG — Fri, 19 Sep 2025 16:22:04 +0000

At least 100 higher institutions students across the country have been trained on entrepreneurship.
The Federal Ministry of Finance, through its Assistant Director, Finance and Accounts, Mohammed Baba, made this disclosure on Friday on the sidelines of a training session for students of the Federal Polytechnic, Bauchi.
Baba, who said the initiative was carried out under the Youth Enterprise With Innovation in Nigeria (YOUWIN) programme of the ministry, addeed that the training was a project of President Bola Tinubu’s administration, which recognised the need to catch the youth young to make them self-reliant without depending on government employment.
“We have covered more than 100 tertiary institutions and with this initiative, the generation to come will be better. They have to have entrepreneurship skills to be able to fall back and grow as entrepreneurs and become employers of labour in the event of not getting a white-collar job.
“Plan A is to give theoretical knowledge, which is what we are doing now, and plan B is to give the practical aspect where the funding will come in the form of a grant to the entrepreneurship department, which will be shared among the most qualified entrepreneurs in schools,” Baba said
He further advised the students to make judicious use of the grants when disbursed, stressing that they are expected to become successful entrepreneurs and employers of labour who would strengthen the country’s economy.
Baba also encouraged the students to approach the Bank of Industry for loans to actualise their entrepreneurial ideas even before the federal government’s grant arrives.
On her part, a facilitator, Deborah Tatimi, explained that YOUWIN was designed to inspire, equip and encourage students to embrace entrepreneurship as a viable career option by providing them with the mindset, skills and tools required to build successful businesses.
She maintained that the programme would reduce overdependence on government jobs and foster a culture of self-reliance, innovation and employment generation.
Earlier, the Registrar of the polytechnic, Kasim Salihu, commended the federal government for selecting the institution for the training.
He urged students to pay keen attention to the lectures, stressing that entrepreneurship is key to national development.
Salihu added that while the institution had groomed its students theoretically in entrepreneurship, the federal government needed to provide grants to help them put their knowledge into practice.

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3000 Girls Apply To Be Mechanics, CCTV Installers In Anambra

BusinessTodayNG — Sun, 17 Aug 2025 00:05:16 +0000

Under the empowerment programme of the wife of the Anambra State governor, Dr.Nonye Soludo, At least 3,000 girls in Anambra State have applied to be trained as motor mechanics, cctv installers and other trades usually dominated by males.
Although Mrs Soludo said she had planned to start the programme with 50 girls, she was excited that many girls showed interest in an area where men had monopolised.
The governor’s wife, who spoke during this year’s women’s annual August summit at the Government House , Awka, the state capital added that because of the interest shown by the girls, the programme would be implemented in batches to accommodate all of them.
According to her, those who fall into the first batch would soon begin their training, which she will sponsor, after which they will be empowered.
“I feel happy that our girls are showing interest in these areas, and I believe they will challenge the men when they open their workshops,”she said.
Addressing the women who were drawn from the various organisations, including religious groups, town unions, traditional institutions, among others, Mrs Soludo reminded the women that the stability of the home depends on how they approach issues concerning their families.
“There is so much rancour in many homes which often results in gender -based violence. The way we conduct ourselves in our various families shows who we are.
“We must realise that the man is the head of the family and must be given that honour at all times,” she said.
Mrs Soludo said she is also aware that gender-based violence is not only against women, adding that some women also instigate violence in the homes.

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Stanbic IBTC Bank Set To Boost Entrepreneurship With 2024 Edition Of Its SME Training

BusinessTodayNG — Tue, 24 Sep 2024 18:38:38 +0000

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has commenced the 2024 edition of its annual SME training. This initiative is designed to empower small and medium-scale enterprises (SMEs), stimulate economic growth, and promote entrepreneurial innovation across the country. The event will be held in key locations across Nigeria, including Lagos, Kaduna, Kano, and Abia states, from Thursday, 19 September 2024 to Friday, 01 November 2024.

As part of its commitment to developing the Nigerian economy and supporting SMEs, Stanbic IBTC Bank has meticulously designed this programme to provide entrepreneurs and business owners in the open market with essential tools, knowledge, and networks to thrive in today’s competitive market. The Stanbic IBTC 2024 SME training promises to be a transformative experience for all participants, as Stanbic IBTC Bank brings banking solutions to their doorstep.

At the training sessions, attendees will engage in workshops led by experts, offering invaluable insights and practical skills from seasoned professionals and industry leaders. It is a prime opportunity for networking, allowing participants to meet and connect with like-minded entrepreneurs, potential partners, and investors, thus broadening their business opportunities.

The event will also provide access to innovative tools and resources to streamline operations, enhance productivity, and foster growth. Additionally, attendees will receive up-to-date market insights, including forecasts, strategies, and firsthand success stories from thriving businesses directly from market analysts. This setup ensures all participants acquire new knowledge, practical tools, and connections to advance in their respective industries.

Olajumoke Bello, Head, Enterprise Banking, Stanbic IBTC Bank, expressed tremendous enthusiasm for the SME training: “At Stanbic IBTC, our commitment to the success of Nigerian small and medium-scale enterprises (SMEs) is rock solid. We recognize these businesses’ role in nurturing economic development, and we provide a supportive platform to meet their immediate needs while paving the way for a sustainable future for businesses nationwide.” Olajumoke added that Stanbic IBTC empowers entrepreneurs through this initiative and creates a conducive environment where businesses can thrive and prosper. “Our objective is to ensure that Nigerian SMEs are well-equipped with the necessary tools, knowledge, and resources to achieve remarkable growth and contribute significantly to the nation’s economy.”

The event represents a significant advancement in efforts to engage with and support Nigeria’s small and medium-scale enterprise (SME) sector, a critical component of the national economy. Through initiatives like the 2024 specialized SME training programme, Stanbic IBTC is reinforcing its commitment to being a key player in fostering the nation’s socioeconomic growth.

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Odu’a Investment, Nigerian Philanthropy Office Sign MoU On MSMEs Funding

BusinessTodayNG — Mon, 15 Jul 2024 19:29:43 +0000

Odu’a Investment Company Ltd (OICL) and the Nigerian Office for Philanthropy and Impact Investing has signed a Memorandum of Understanding (MoU) towards the provision of grants for MSMEs in the South-West zone.

The News Agency of Nigeria (NAN) reports that the MoU was signed by officials of both organisations at the Philanthropy Office on Monday in Abuja.

The MoU is geared towards providing funding for startups to develop and grow businesses in critical sectors, including Agriculture, renewable energy , fashion and furniture manufacturing.

It intends to ensure parties work together towards providing funding for businesses in the six south-west states to spur socio-economic growth of the region for enhanced contribution to national economy.

Mrs Thelma Ekiyor-Solanke, Chairperson of the Philantropy Office, said the MoU was part of roadmap towards ensuring the office fulfill its mandate by working with relevant stakeholders.

“We are pleased to work with our first batch of partners, doing different things, so that when each person brings what they are good at we get a whole.

“We hope that through this partnership we will be able to unlock skills and capacity-building advantages.

“After this, we hope it will encourage more and more people to partner with the government in this area because the high rate of unemployment has caused social problems and insecurity

“The focus is startups in all the geopolitical zones, we will collaborate with different private sector partners to supporting startups,” she said.

Mr Abdulrahaman Yinusa, Group Managing Director/CEO, Odua Investments, who signed on behalf of the group, said the execution of the MOU was very important to achieve “impact investing” in the region.

“We see economic development as an essential combination between meeting statistics and also achieving social goals. So, this partnership is supposed to give us an opportunity to actually have what we call impact investing.

“In impact investing, you want to go beyond the profit and loss, and go into how much people are getting employed and how sustainable are the developments.

“This partnership is supposed to help us to go beyond making money to also been able to get jobs for our people and also look after the environment.

“ You will recall that Odua is owned by six South Western states, so first thing we are going to do is to create a platform whereby we will be able to engage all the economic agents within the South West.

“This will enable us to participate in activities that will not only grow the economy, but will also create jobs for our people,” he said.

Earlier in his remarks, Mr Tola Johnson, Senior Special Assistant to President Bola Tinubu on Job Creation and MSMEs, said the MoU was a milestone towards realising the president’s commitment to job creation.

He, therefore, called for commitment from all partners to ensure that the targeted sectors benefit from the presidential intervention for a better life for Nigerians.

NAN reports that the Nigeria Philanthropy Office (NPO) is a private-led coordinating office, situated in the Office of the Vice President to drive philanthropic support for MSMEs for targeted sectors that have high job creation potential.

The Office is aligned with the job creation vision of President Tinubu and the administration’s ongoing work with MSMEs in terms of job creation by working with donors, impact investors, financial institutions and foundations.

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