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Nigeria’s First Lady empowers 1,000 women petty traders in Kogi

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▪︎Mrs. Tinubu, was represented by the wife of the Speaker of the House of Representatives, Hajiya Fatima Tajudeen Abbas.

Nigeria’s First Lady, Mrs. Oluremi Tinubu has flagged-off the Renewed Hope Initiative (RHI) Economic Empowerment programme for 1,000 women petty traders in Kogi State.

The programme is part of the continued commitment of the President’s wife to driving economic growth towards a better life for families, especially women across the country.

During the Flagg-off the disbursement of the grants in Lokoja on Thursday, the First Lady revealed that a total of N1,850,000,000.00 would be disbursed to the selected 1,000 Kogi women and 36,000 other female petty traders in other states and the Federal Capital Territory, Abuja.

Mrs. Tinubu, who was represented by the wife of the Speaker of the House of Representatives, Hajiya Fatima Tajudeen Abbas, noted that RHI was aware of the challenges faced by Small and Medium Enterprises (SMEs), especially the petty traders who form the backbone of the local economies.

She added that the N50,000 business recapitalization grant would go a long way in strengthening the beneficiaries’ businesses for better profits.

She, however, stressed that these challenges had not deterred the strength of the women in their avowed commitment to contribute to the economy at the grassroots.

Mrs. Tinubu said, “Through the Renewed Hope Initiative Economic Empowerment Programme, we are providing 1,000 pre-selected women petty traders per state with a grant of N50,000 each to recapitalize and grow their businesses.

“The grants provided today are to assist our women petty traders in overcoming some of their business challenges, expand their businesses, create more jobs, and contribute more robustly to our economy.”

The First Lady affirmed that economic empowerment remained a core objective of the Renewed Hope Initiative and that the programme had continued to support the economic reforms of the President Bola Tinubu-led administration.

In his remarks, the Governor of Kogi State, Alhaji Ahmed Usman Ododo, said the Renewed Hope Initiative was built on a strong administrative and economic platform “that is sustainable even after eight years”, describing it as a visionary masterplan to address poverty amongst women.

He commended the First Lady of Nigeria for showing that she was capable of matching words with action by providing a strong platform to address poverty amongst women.

She added that the N50,000 business recapitalization grant would go a long way in strengthening the beneficiaries’ businesses for better profits.

Governor Ododo described the event as significant, noting that the rural women who invested their trust in President Bola Ahmed Tinubu by voting for him in the 2023 general election were on ground to reap the benefit of their trust.

He commended the President for honouring his promise to petty traders, and building an enduring microeconomic foundation to address the concerns of the indigents in the society.

The governor who expressed excitement that Sen. Oluremi Tinubu was helping his administration to fulfill his campaign promises to the people of the state, further pledged his administration’s total support for the Renewed Hope Initiative Economic Empowerment Programme.

He assured that the government would continue to partner with the First Lady of Nigeria through her coordinator and First Lady of Kogi State in her determination to empower women.

He said his administration was unbending in its commitment to women empowerment and inclusion, stressing that it had floated many policies with particular interest in women empowerment in agriculture and politics.

Ododo said, “Politically, we have given more women spaces. In the cabinet, the Secretary to the State Government is a woman. The Commissioner for Innovation, Science and Technology is a woman; the Commissioner for Culture and Tourism is a woman. The Commissioner for Humanitarian Affairs and Poverty Alleviation is a woman as well as the Commissioner for Women Affairs.

The Accountant- General of the State is a woman as well as the Special Adviser to the Governor on Drug Abuse as well as the Director- General of the Social Investment Agency and many too numerous to mention, including the first female Director General of the Kogi State Broadcasting Corporation.

“At the grassroots level, we have encouraged our party to produce the first ever female Chairmanship candidate of a ruling party. We have also encouraged our Chairmen to pick females as their Vice Chairmanship candidates, except in one Local Government in order to strike a balance.

Our party has also ensured that 40% of our Councilorship candidates are also women. That means that if all our candidates are able to win in the free and fair election, we will have the first ever elected Local Government Chairman in our dear state as well as 20 Local Government Council Vice Chairmen as women as well as 96 Councilors as women. This is unprecedented in the political history of Nigeria.”

Earlier in her welcome address, the First Lady of Kogi State, Hajiya Sefinat Usman Ododo, described the programme as a significant stride towards empowering women entrepreneurs and enhancing their economic resilience.

She expressed the hope that the grants would undoubtedly provide the much-needed support in helping women petty traders expand their businesses and improve their livelihoods.

Mrs. Ododo said that by investing in women’s growth, the government was creating opportunities for a brighter future, just as she commended the efforts of the First Lady and her dedicated team in making the initiative a reality.

After receiving the grants, the beneficiaries in Kogi State commended the First Lady of Nigeria and President Tinubu’s Administration for the disbursement. ▪︎

Business

Dangote Foundation Takes Over Aliko Dangote Skills Acquisition Centre Kano

Under the agreement, the Foundation will manage the multi-million naira facility for a number of years and operate programmes aimed at equipping young people with technical, digital and industrial skills.

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The Aliko Dangote Foundation has taken over the management of the Aliko Dangote Skills Acquisition Centre in Kano state.

The Memorandum of Understanding was signed between the Foundation and the Kano State Government, on Friday.

Under the agreement, the Foundation will manage the multi-million naira facility for a number of years and operate programmes aimed at equipping young people with technical, digital and industrial skills.

Chairman of the Manufacturers Association of Nigeria (MAN), Kano-Jigawa Branch, Muhammad Bello Isyaku Umar, described the intervention as “far-reaching and impactful,” saying skills acquisition remained one of the most effective ways of addressing youth unemployment in Nigeria..

“Programmes such as the Aliko Dangote Skill Acquisition Centre can equip young people with practical skills that enable them to become entrepreneurs, artisans or employees. The emphasis should increasingly be on modern technical, digital and industrial skills,” Umar said.

He described Kano as the economic and commercial hub of northern Nigeria and said the Foundation’s interventions across the region had extended to several sectors.

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Okin Biscuits Set For Comeback After 17 Years, Targets Revival Of Jobs, Local Manufacturing

Founded in the 1980s by the late Chief Emmanuel Olatunji Adesoye, an illustrious son of Offa, Okin Biscuits grew into a household name with products including Okin Coasters, Shortcake and Okin Cabin Biscuits.

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By Ochefa

After 17 years off the shelves, Okin Biscuits, one of Nigeria’s once-popular indigenous biscuit brands, is set to return to production as efforts intensify to revive the Ijagbo, Kwara State-based factory.

The planned comeback marks a significant attempt to restore one of the country’s old manufacturing brands while potentially reopening a major source of employment and economic activity in the community.

Founded in the 1980s by the late Chief Emmanuel Olatunji Adesoye, an illustrious son of Offa, Okin Biscuits grew into a household name with products including Okin Coasters, Shortcake and Okin Cabin Biscuits.

At its peak, the company provided direct and indirect employment to more than 2,000 people before production was eventually halted in 2009.

The shutdown reflected some of the structural problems that have continued to undermine Nigeria’s manufacturing sector, including harsh operating conditions, intense competition, inadequate infrastructure, vandalism and the theft of critical production equipment.

With the factory no longer producing, its products gradually disappeared from retail outlets and homes in Kwara, Lagos and other parts of the country.

Factory Undergoing Major Rehabilitation

However, the industrial facility is now showing signs of renewed activity.

A visit to the factory in Ijagbo showed that extensive rehabilitation work is underway across the complex.

The main factory building, which houses the production machinery, as well as the administrative block and other facilities, are undergoing comprehensive renovation.

The premises have already assumed a significantly different appearance, suggesting that the revival project has moved beyond plans and into physical reconstruction.

The management recently announced through its official Facebook page that production machinery was being test-run.

It said biscuits rolled off one of the rehabilitated production lines on August 25, 2026, marking the first production from the factory in 17 years.

The development is significant not merely as the return of a nostalgic consumer brand, but as an example of how the rehabilitation of abandoned industrial assets could contribute to renewed domestic production and employment.

For Nigeria, where manufacturers continue to contend with high energy and logistics costs, infrastructure constraints, foreign exchange pressures and strong competition from imported products, the reopening of an existing manufacturing facility could offer a potentially faster route to industrial capacity expansion than building an entirely new factory.

Community Backs Revival

…biscuits rolled off one of the rehabilitated production lines on August 25, 2026, marking the first production from the factory in 17 years.

The planned resuscitation has also attracted strong support from the Offa community.

The Aare Bobaselu of Offa, Chief Abdulatif Adekunle Ajeigbe, described the development as “heartwarming,” linking it to the broader Offa Mega City project championed by the Olora of Offa, Oba Muftau Mohammed Gbadamisi, Esuwoye II.

According to him, members of the community had made several efforts to revive the moribund factory, including exploring the possibility of group financing.

“We did our best to see that the factory came back to life, but it was the children of the late Asiwaju of Offa and the founder of the factory, Chief Emmanuel Olatunji Adesoye, who insisted on carrying on their father’s legacy through the factory,” he said.

Ajeigbe commended the founder’s children for their determination to preserve the family’s industrial legacy and bring the factory back into operation.

More Than A Brand Revival

The return of Okin Biscuits also highlights the wider economic value embedded in Nigeria’s abandoned industrial assets.

The company’s earlier success created employment not only within the factory but across its supply and distribution networks, including raw-material suppliers, transporters, distributors, retailers and other service providers.

A successful reopening could therefore have an economic impact extending beyond the factory gates, particularly if production eventually returns to significant capacity.

The bigger test, however, will be whether the revived company can operate sustainably in an increasingly competitive Nigerian consumer market.

The new investors will have to contend with production costs, energy supply, distribution challenges, consumer purchasing power and competition from both established domestic manufacturers and imported brands.

For Okin, the challenge is therefore not simply to restart the machines, but to build a commercially viable manufacturing operation capable of sustaining production, protecting jobs and reclaiming market share.

If successful, the return of Okin Biscuits could become more than a nostalgic homecoming for Nigerian consumers.

It could provide a practical demonstration that some of the country’s dormant industrial assets can be rehabilitated, modernised and returned to productive use.

After 17 years of silence, the sound of Okin’s production lines running again may therefore signal the beginning of a new chapter for one of Nigeria’s forgotten manufacturing brands.

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Dangote to launch Refinery’s IPO September 14 or 16

Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana.

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Aliko Dangote, chief executive officer (CEO) of the Dangote Group, says the initial public offering (IPO) of Dangote refinery will open in the next 10 to 12 days.

Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana.

The refinery had announced plans to launch a Pan-African IPO, offering at least 10 percent of its refining business to fund a $40 billion expansion objective.

On August 18, the refinery said it had completed a $1 billion underwriting programme ahead of the planned IPO.

Speaking during his visit to the southern African country, Dangote said his ambition was to double the refinery’s capacity.“So our dream is that we want to make sure we double the capacity of the refinery… which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” he said.

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