Business
1,104 entrepreneurs get $5,000 Tony Elumelu Foundation grant
1,104 entrepreneurs get $5,000 Tony Elumelu Foundation grant
- Tinubu celebrates UBA chairman @61
A total of 1,104 entrepreneurs will receive $5,000 grant from the Tony Elumelu Foundation (TEF).
They were selected as beneficiaries of the grant in the 10-year flagship Entrepreneurship Programme.
Apart from the non-refundable $5,000 grant, they will also receive mentorship and training in the course of the year to boost their businesses.
This is as the foundation is considering a coalition of African entrepreneurs that will touch more lives, prioritise young Africans, as well as be able to expand the number of entrepreneurs that is impacted by the foundation.
The 1,104 beneficiaries who are described as the 10th cohort, were selected from the over 150,000 applications received from all 54 countries in Africa, after a rigorous and transparent process carried out by Ernst & Young.
Speaking at the announcement of the 10th cohort, the founder and chairman of TEF, Tony Elumelu, in his keynote address at the event in Lagos, noted that over the past 10 years since the programme was launched, it had been able to empower African entrepreneurs, drive poverty eradication and catalyse job creation across all 54 African countries.
Revealing that the TEF Entrepreneurship Programme had been launched by his family’s desire to democratise luck, Elumelu, who is also the chairman of United Bank for Africa(UBA) Group, said, “We believe in spreading luck, we believe in democratizing luck, we believe in prosperity, and we think that the easiest way to spread prosperity in Africa is by identifying our young ones, encouraging them and helping them to start their own businesses. This is why we have done this.
“Till date, over 20,000 young men and women from across Africa have received over $100 million in support of their program. We are happy to see our young ones progressing. We are happy that what we started alone as Tony Elumelu foundation will have been able to identify and partner with other global institutions.
“So, today is a day of impact, a day of gratitude, and most importantly, a day of reflection for me because God has been kind in so many ways. My family and I do what we do, not from the abundance of wealth, but just a realisation that poverty anywhere is a threat to us everywhere, and that we cannot live alone in prosperity. So, I’m happy that today, we continue to spread that prosperity- not just in Nigeria, not just in our family, but in all 54 African countries. I am indeed happy that in our lifetime, we are able to impact the next generation.”
He also spoke on the achievements of the past years, saying, “We track how the beneficiaries are succeeding and how they are impacting humanity, society, and their communities.
‘They have generated over $1.2 billion in revenue in their businesses. All have not succeeded, but we did tell ourselves from the onset that it is not about 100 per cent success.
“Even if 40, 50 per cent of our beneficiaries succeed, let us through them help to eradicate poverty, but more importantly, show others, because we are trying to crowd in others into this space of entrepreneurship.
“We’re trying to encourage other successful Africans and global institutions and citizens that in the 21st century, there is a better way to develop Africa than just aid.”
The TEF founder also announced that the foundation is aspiring to create a bigger coalition for African entrepreneurs, as the foundation’s programme could only accept a limited number of people.
“We aspire to magnify our scale and impact; we want to do more. And we are thinking of forming a coalition of African entrepreneurs that will touch more lives.
“We are thinking of launching a coalition, a global coalition, to prioritise young Africans.”
Also speaking at the event, Co Founder of TEF, De Awele Elumelu, said, “To today’s 10th cohorts, I want to say as you embark on the next phase of your journey, know that you’re a part of a network of entrepreneurs, a big network of entrepreneurs. I want to say that you have all our support here. All of us here, we’re here to support you, to cheer you, to celebrate you, to pray for you, as the chairman has very nicely said.
“But to those who were not selected, let me also assure you that your journey is far from over.”
Since its launch in 2015, the foundation has disbursed $100 million directly to young African entrepreneurs, catalysing the creation of over 400,000 direct and indirect jobs and making substantial contributions to Africa’s economic development.
The beneficiaries have also been able to generate revenue of more than $2.5 billion over the period.
Additionally, the foundation’s digital entrepreneurship-support platform, Reconnect, has extended capacity building support, advisory services, and market linkages to over 1.5 million Africans.
Tinubu celebrates Elumelu @61
President Bola Tinubu on Friday congratulated the Chairman of the Board of the United Bank for Africa, Mr Tony Elumelu, on his 61st birthday.
The message was contained in a statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale.
The statement is titled ‘President Tinubu celebrates top business leader, Tony Elumelu, on his birthday’.
“President Tinubu wishes Mr Elumelu many more years in good health and strength as he persists in his endeavour of contributing substantially to national and continental development,” the statement read in part.
![]()
Auto
Toyota moves to ease vehicle ownership amid economic challenges
Toyota Nigeria unveils plans to ease vehicle ownership
As rising costs put car ownership beyond the reach of many Nigerians, Toyota Nigeria Limited says it is rolling out fresh measures to make buying and maintaining vehicles easier for customers.
Managing Director, Mr. Kunle Ade-Ojo, announced the plans at the company’s 2026 Awards and Customers’ Night in Lagos, where he reaffirmed Toyota’s commitment to expanding mobility solutions in the country.
A statement on Thursday quoted Ade-Ojo as saying Toyota Nigeria would continue to innovate and introduce strategies that would enable more Nigerians to own and maintain Toyota vehicles while enjoying quality after-sales support.
According to him, the company’s commitment goes beyond selling vehicles to ensuring customers enjoy a seamless ownership experience through a robust nationwide service network.
“We will continue to innovate, adapt and elevate our product offerings and service delivery. Our ambition remains clear: to sustain industry leadership while contributing meaningfully to Nigeria’s economic development as a responsible corporate citizen,” he said.
He added that the company’s future plans are aligned with Toyota’s global vision of enriching lives through mobility, with a strong focus on innovation, sustainability and value creation.
READ ALSO:
- NDLEA Destroys ₦2.8 Billion Worth of Cannabis, Cocaine, Heroin in Edo Drug Bust
-
Full Text of President Bola Ahmed Tinubu’s Democracy Day Address
- Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes
Ade-Ojo noted that Toyota Nigeria’s success over the years had been driven by the loyalty of customers, support from dealers, suppliers, employees, financial institutions and strategic partners, as well as the guidance of the company’s board led by its founder and chairman, Chief Michael Ade-Ojo.
The highlight of the event was the presentation of the Evergreen Customer of the Year Award to Zenith Bank Plc, which retained the title as Toyota Nigeria’s highest-volume customer for 2025. In recognition of the achievement, Chief Michael Ade-Ojo presented the bank with the keys to a brand-new Toyota Starlet Cross.
AGL Motors emerged overall winner in the Customer of the Year category, while the Nigerian Army and Zenith Bank were named first and second runners-up respectively. The winners received office equipment valued at several millions of naira.
Toyota Nigeria also honoured excellence in automotive journalism. Theodore Opara of Vanguard was named Journalist of the Year, while Mike Ochonma of Transport World and Rasheed Bisiriyu of Newstrends received awards for their contributions to automotive reporting, mobility advocacy and industry analysis.
Speaking at the event, several dealers and business partners commended Toyota Nigeria’s investments in dealer development, technical training and workshop upgrades, describing the initiatives as critical to sustaining high service standards and customer satisfaction across the country.
Toyota Nigeria unveils plans to ease vehicle ownership
![]()
Railway
Warri-Itakpe Train Crash: Full Manifest Retrieved, FG, NRC Condole Families of Five Dead
Warri-Itakpe Train Crash: Full Manifest Retrieved, FG, NRC Condole Families of Five Dead
The Federal Ministry of Transportation and the Nigerian Railway Corporation (NRC) have said the full manifest of passengers and crew members aboard the ill-fated Warri–Itakpe train has been retrieved, even as they extended condolences to the families of the five persons who lost their lives in Monday’s accident near Agbor, Delta State.
In a joint update on the incident, the ministry and the NRC said efforts were ongoing to identify all injured passengers and deceased victims for proper documentation, while assuring that relevant authorities would have access to the complete onboard manifest.
The agencies confirmed that five persons — four adults and a baby — died when four coaches of the Warri–Itakpe Train Service (WITS) capsized and another derailed along the corridor. They added that 24 passengers sustained serious injuries, while several others suffered varying degrees of injuries and are receiving medical treatment.
According to the statement signed by the Permanent Secretary of the Federal Ministry of Transportation, Engr. Funsho Adebiyi, a total of 442 passengers had booked for the journey, while 40 crew members, security personnel and third-party service providers were on board, bringing the total number of persons on the train to 482.

The ministry said rescue and evacuation operations were immediately activated following the accident, with support from the Delta State Government, the National Emergency Management Agency (NEMA), the Federal Road Safety Corps (FRSC), the Police, Civil Defence, local authorities and other emergency responders.
The rescue efforts, which were completed by 6:30 p.m., also received assistance from the Senator representing Delta Central Senatorial District, Senator Ede Dafinone, and former Delta State Secretary to the State Government, Patrick Ukah.
The ministry and the NRC expressed their deepest sympathies to the families of the deceased and prayed for the speedy recovery of those injured in the accident.
They also commended the Delta State Government, emergency response agencies, security operatives, medical personnel, the NRC Mechanical Directorate and the corporation’s special rescue and emergency team for their swift intervention.
The statement added that a full investigation into the cause of the accident had commenced, assuring that authorities would continue to account for all passengers and provide necessary support to those affected by the tragedy.
![]()
Aviation
Keyamo Orders Probe, Grounds Aircraft After Unauthorized Landing on Asaba Road
Keyamo Orders Probe, Grounds Aircraft After Unauthorized Landing on Asaba Road
The Federal Government has grounded a private aircraft and suspended its operator’s permit following a dramatic incident in which the aircraft made an emergency landing on a road under construction near Asaba and later departed without regulatory clearance.
Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the development in a statement posted on his X account, describing the incident as a serious breach of aviation regulations and security protocols.
According to Keyamo, the aircraft carried out a missed approach while attempting to land at Asaba Airport at about 7:43 a.m. local time on Wednesday, June 10, 2026, before diverting and landing on a concrete road under construction in the Ogwashi-Uku area of Delta State. He said eyewitness reports confirmed that all four crew members on board safely exited the aircraft and were later transported to Asaba by road, with no injuries recorded. A short video that surfaced online showed the aircraft stationary on the concrete road before taxiing along the road being reconstructed and taking off.
Keyamo expressed concern over the aircraft’s subsequent departure from the scene at about 11:02 GMT (12:02 p.m. local time) without obtaining the required regulatory approval. He said Air Traffic Control was only notified after the aircraft had already taken off, noting that the aircraft had no clearance for departure. “In other words, the aircraft had no clearance to take off again,” he said. The Nigerian Civil Aviation Authority (NCAA) , in a statement signed by its Director of Public Affairs and Consumer Protection, Michael Achimugu, confirmed that the action constituted a violation of the Nigeria Civil Aviation Regulations (Nig. CARs) and is currently under investigation.
READ ALSO:
- Dickson Fires Back at Obi, Kwankwaso Supporters: ‘Stop Running Down NDC
- World Cup 2026 Kicks Off as Mexico Renew Rivalry With South Africa
- Ceasefire Near Collapse as US Launches Second Night of Strikes on Iran
Following the incident, the NCAA immediately grounded the aircraft upon its arrival in Lagos, pending the outcome of investigations. The Authority also placed the flight crew under regulatory review while inquiries continue into both the initial occurrence and the unauthorised departure. As part of enforcement actions, the NCAA suspended the operator’s Permit for Non-Commercial Flight (PNCF) and ordered a comprehensive audit of its operational, maintenance, airworthiness, and flight records. “The NCAA will take further enforcement action in accordance with applicable aviation regulations,” Keyamo stated. The regulator has formally notified the Nigerian Safety Investigation Bureau (NSIB) of the occurrence and is coordinating with relevant aviation stakeholders, including the aircraft operator and the Nigerian Airspace Management Agency (NAMA) , to establish the full circumstances of the incident.
Keyamo confirmed that security agencies had taken custody of the crew members for questioning as part of ongoing investigations. “I have also spoken to relevant security agencies and I have been assured that the crew are in their custody and they are assisting them with their investigation,” the minister said.
Authorities say the incident will be thoroughly reviewed to prevent future breaches of aviation safety and regulatory procedures. The NCAA reiterated its commitment to maintaining the highest standards of aviation safety, security, and regulatory compliance within the Nigerian aviation sector. “No individual or operator, irrespective of status, will be permitted to circumvent established aviation procedures designed to safeguard lives and maintain the integrity of Nigeria’s airspace system,” the ministry stated.
Keyamo Orders Probe, Grounds Aircraft After Unauthorized Landing on Asaba Road
![]()
-
metro2 days agoEmir of Ilorin Appoints Sheikh Muhammad Bashir Dasuki as New Chief Imam of Ilorin
-
Entertainment16 hours agoDavido Turns World Cup Stage Into Protest – Wears Jacket Bearing Names of Kidnapped Oyo Schoolchildren at FIFA Concert
-
Politics2 days agoOkonkwo Releases Evidence Against Peter Obi as ₦5bn Defamation Battle Looms
-
metro2 days agoBandits Attack Kogi School, Vice Principal, Two Others Killed
-
Sports17 hours agoChaos at World Cup 2026 Opener as Protesters Block Access to Estadio Azteca
-
Health20 hours agoVIDEO: Nigerian Doctors in Canada Have Become ‘Medical Agberos’ — Doctor Alleges
-
metro14 hours agoSenate Orders Police, DSS to Track Bandits Flaunting Cash on TikTok
-
Politics2 days agoOkonkwo Reacts to Peter Obi’s ₦5bn Lawsuit Threat, Says ‘He’s Looking for Campaign Funds’
