NEWS
The Lagos State Employment Trust Fund (Lagos Innovates) and AfriGloCal VC Celebrate Second Female Founders and Funders Demo Day
The Lagos State Employment Trust Fund (LSETF) through its Lagos Innovates program in partnership with AfriGloCal VC and with the support of the GIZ Digital Transformation Center hosted the Demo Day for the second edition of the Female Founders and Funders Program on Friday, July 11, 2025. This event marked the conclusion of an inspiring eight-week journey for 17 female startup founders and 20 aspiring female funders, who through workshops, mentorship, peer-to-pear learning developed critical skills for scaling businesses, strengthen their networks, and unlock access to funding opportunities. In his opening remarks, Ifeoluwa Martins, Head of Startups at Lagos Innovates, spoke on the evolution and impact of the program. “This second cohort has taken the vision of the Female Founders and Funders Program to new heights. Over the past eight weeks, we’ve seen remarkable resilience, bold ideas, and a commitment to innovation further solidifying Lagos Innovates’ role as a catalyst in building a robust startup ecosystem. This reinforces LSETF’s commitment to showcase innovation and close the gender gap in technology and investment.” he said. Mope Abudu, Managing General Partner at AfriGloCal VC, reflected on the broader vision of the initiative. “This program goes beyond training. It is about creating a strong pipeline of women who are ready to lead, invest, and scale businesses that solve real problems. Seeing this second cohort pitch, collaborate, and grow has been truly inspiring,” she stated. Feyisayo Alayande, Executive Secretary, LSETF, emphasized the Fund’s commitment to advancing women-led enterprises. “Today is both a celebration and a renewed call to action. We must keep creating an ecosystem that backs women, builds women, and bets on women. At LSETF, we remain fully committed to providing opportunities for them to thrive, scale, and shape the future of Lagos and beyond,” she affirmed. Gbeke Oshinowo, Technical Advisor on Digital and Entrepreneurial Skills for Women and at GIZ Digital Transformation Center, commended the participants for their bold contributions to inclusive innovation: “At GIZ-DTC, we believe that empowering women in tech and entrepreneurship is key to building resilient and future-ready economies. Each of these women is rewriting the narrative of what’s possible for women in technology and business in Nigeria, and we are proud to support programs that unlock this kind of transformation.” Representing the First Lady of Lagos State, Dr. Ibijoke Claudiana Sanwo-Olu, Oyinkan Osiyemi acknowledged the progress made since the inception of the program. “Being part of the first Female Founders and Funders Program and standing here today at its second edition shows how far we have come and how much more we can achieve. When women are given the tools, mentorship, and opportunities, they not only grow, they uplift communities and shape the future,” she noted. Mrs. Adepeju Adebajo, Acting Board Chair of LSETF, highlighted the transformative power of female leadership. “When women are involved in business, they don’t just participate, they transform and innovate. Their ideas, resilience, and leadership bring new solutions to the table and drive meaningful change across industries.” she remarked. Barr. Bimbola Salu-Hundeyin, Secretary to the Lagos State Government, reiterated the government’s commitment to inclusive economic growth. “Empowering women is smart economics and a catalyst for progress. Programs like this align with our vision to create opportunities for women to thrive in business, technology, and beyond. Partnerships between the public and private sectors will remain central to achieving these goals,” she said. The highlight of the day was a live pitch session by six promising startups: Ule Homes, House of Zibima, Hub Pharm Africa, Wakamedics, Varsity Africa, and Autogirl. Each founder demonstrated creativity, market insight, and business resilience. Wakamedics emerged as the overall winner, with Hub Pharm Africa and Ule Homes taking first and second runner-up positions respectively. All three received cash prizes to support the growth of their ventures. The Demo Day attracted key figures from government, the private sector, development organizations, and the innovation ecosystem, all united by a common goal to promote inclusion and strengthen opportunities for women in tech. As this edition concludes, the Female Founders and Funders Program continues to stand as a vital platform for equipping women with the tools to lead, invest, and create solutions that transform industries. It remains a strong example of how collaboration can build a more inclusive innovation economy for Lagos and beyond.
NEWS
FG reforms NYSC, replaces military leadership, redesigns uniform
The Federal Executive Council has approved a comprehensive overhaul of the National Youth Service Corps, marking the first major restructuring of the scheme since it was established 53 years ago.The reforms, approved at the FEC meeting in Abuja on Monday, are aimed at repositioning the NYSC into a skills-focused, productivity-driven institution aligned with the Federal Government’s economic agenda.A key aspect of the reform is a change in the leadership structure of the scheme, with the NYSC set to be headed by a civilian, while the military will continue to provide security for corps members nationwide.The council also directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and relevant regulations to provide legal backing for the approved changes and enable their implementation.
Announcing the approval on X, the Minister of Youth Development, Ayodele Olawande, described the reforms as the first holistic review of the scheme in its 53-year history.He said, “We are transforming the Scheme into a platform that not only unites Nigeria but also equips our young people with the skills, experience and opportunities they need to thrive in a fast-changing world.”
Olawande said the approved reforms would reposition the scheme as “a skills-driven, productivity-focused and youth-empowering institution that aligns with President Bola Tinubu’s vision of building a $1 trillion economy.”
According to him, the reforms include “a technology-driven call-up process, risk-sensitive deployment to better protect corps members, a redesigned six-week orientation programme with stronger focus on leadership, entrepreneurship, digital skills and specialised career streams, skills-based primary assignments aligned with academic background and career pathways, modern governance with civilian operational leadership while the military continues to provide security support, improved camp standards through a national grading and certification system, and a new graduation ceremony to replace the Passing Out Parade, alongside a redesigned NYSC uniform that reflects professionalism and national pride.”Olawande said the reform process began in 2025 through a broad-based review involving the Federal Ministry of Youth Development, the Federal Ministry of Education and the Office of the Special Adviser to the President on Policy and Coordination before receiving FEC approval.He added, “This is more than a reform of an institution. It is an investment in Nigeria’s greatest asset, our young people. The future of the NYSC begins now, and it is brighter, more relevant and more impactful than ever.”Established in 1973 following the Nigerian Civil War, the NYSC was created to promote national unity by deploying graduates to states outside their regions of origin for one year of compulsory national service.The latest reforms represent the first comprehensive review of the scheme since its creation, with the Federal Government saying the changes are designed to make the institution more relevant to Nigeria’s contemporary economic and youth development needs.
Punch
NEWS
PRESIDENT SWEARS IN NEW COMMISSIONERS FOR RMAFC, NPC
President Bola Tinubu has sworn in new Commissioners for the National Population Commission (NPC) and the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).The ceremony took place before the commencement of the Federal Executive Council meeting, this Monday. Former chairman, National Hajj Commission, Abdullahi Mukhtar Mohammed from Kaduna state and Amina Gamawa representing Bauchi took oath of office as federal commissioners for the revenue commission. Six new Commissioners were inaugurated for the population commissioner. They are Kolawole Oladipupo Alabi – Ekiti State, Nasiru Mu’azu – Zamfara State, Isaka Alada Yahaya – Kwara State, Prof. Sadiq Isah Radda – Katsina State, Suleiman Umar – Jigawa State and Chiso Abdullahi Dattijo from Sokoto State.
NEWS
Governor Dauda Lawal Chairs Security Council Meeting, Vows Unprecedented Support for Frontline Troops
Governor Dauda Lawal of Zamfara State has reaffirmed his administration’s unwavering resolve to back security forces in the ongoing campaign against insurgency, banditry and other violent crimes plaguing the state.Presiding over the weekly State Security Council meeting on Thursday, June 25, at the Government House in Gusau, the governor convened the state’s top security brass for a high-level strategic session aimed at recalibrating the state’s counter-insurgency approach.In a terse but firm statement, Governor Lawal disclosed that deliberations centered on reinforcing troop deployments in high-risk zones, fast-tracking intelligence-sharing mechanisms and overhauling rapid-response protocols to better safeguard civilian populations.”I want to make it clear to every service commander in this room; the welfare and operational readiness of our troops remain non-negotiable. My administration stands ready to authorize every required resource logistical, material and otherwise to ensure they operate at full capacity,” Lawal declared.The governor underscored that his foremost priority remains the restoration of lasting peace across Zamfara and he assured security chiefs of his open-door policy, urging them to channel operational needs directly to his office without bureaucratic bottlenecks.With the meeting concluding, sources indicate that concrete action plans are being finalized to boost joint task force patrols and community intelligence networks, signaling a renewed offensive push in the coming weeks.
-
Cover1 day agoPrimate Ayodele Gives Out Fully Furnished House, Seven Vehicles to Church Members
-
Banking and Finance1 day agoUnion Bank Calls for Collaborative Advocacy at NCF World Environment Day Symposium
-
Uncategorized1 day agoKwara effects minor cabinet reshuffle as Gov Abdulrazaq thanks affected appointees for selfless service
-
NEWS21 hours agoFG reforms NYSC, replaces military leadership, redesigns uniform
-
Sports1 day ago26th MILO School Basketball Championship Brings Nigeria’s Best Young Talent to the National Finals
-
NEWS1 day agoPRESIDENT SWEARS IN NEW COMMISSIONERS FOR RMAFC, NPC
-
Entertainment5 hours agoWhen life takes an unexpected turn, what do you do? These GOtv movies have the answers (or at least the drama).
-
Business and Brand5 hours agoMastercard launches Priceless Africa on Priceless.com, unlocking a curated travel experience across nine iconic destinations
