The Federal Ministries of Youth Development and Labour and Employment have signed a Memorandum of Understanding (MoU) to create economic opportunities for young Nigerians.The agreement, announced by Omolara Esan, Director of Information and Public Relat… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG moves to boost youth employment, economic empowerment By sbinsights on March 16, 2025 The Federal Ministries of Youth Development and Labour and Employment have signed a Memorandum of Understanding (MoU) to create economic opportunities for young Nigerians. The agreement, announced by Omolara Esan, Director of Information and Public Relations at the Federal Ministry of Youth Development, aims to equip Nigerian youth with skills and opportunities to thrive in today's economy. The MoU was signed by Minister of Youth Development, Comrade Ayodele Olawande, and Minister of State for Labour and Employment, Nkeiruka Onyejeocha. Speaking at the signing, Olawande emphasized the importance of the Labour Employment and Entrepreneurship Program (LEEP) and the Nigerian Youth Academy (NIYA) in driving skills development, job placement, and entrepreneurial growth. "This partnership goes beyond promises—it is about action. By integrating vocational training, technology, and mentorship, we are committed to equipping Nigerian youth with the right skills to succeed in today's competitive job market," he said. Read also FG moves to boost youth employment, economic empowerment Gov. Mbah signs executive order relocating Enugu Spare Parts Market FCCPC sues MultiChoice over DSTV, GOtv Price hike FG clears bottlenecks, unlocks private investment in key road projects Nigeria's manufactured goods exports surge 110% YoY to N494.2bn in Q4 2024 He noted that the initiative aligns with President Bola Tinubu's vision to address youth unemployment and drive sustainable economic growth, ensuring young Nigerians are prepared for jobs and entrepreneurship. Onyejeocha reaffirmed the Ministry of Labour and Employment's commitment to job creation under President Tinubu's Renewed Hope Agenda, emphasizing that LEEP follows the theme: "Don't Leave Anyone Behind"—ensuring youth, women, and retirees have access to economic opportunities. She added that the ministry is committed to working with stakeholders to reduce poverty, create wealth, and expand employment opportunities for Nigerians.

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Enugu State Governor, Peter Mbah, has signed an Executive Order mandating the relocation of spare parts and allied trade markets from Coal Camp and other neighborhoods in the Enugu Capital Territory to the new Enugu International Motor Spare Parts and A… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Gov. Mbah signs executive order relocating Enugu Spare Parts Market By sbinsights on March 15, 2025 Enugu State Governor, Peter Mbah, has signed an Executive Order mandating the relocation of spare parts and allied trade markets from Coal Camp and other neighborhoods in the Enugu Capital Territory to the new Enugu International Motor Spare Parts and Allied Trades Park along the Enugu-Onitsha Road in Udi and Ezeagu Local Government Areas. Speaking at the signing ceremony, attended by Attorney General Dr. Kingsley Udeh and leaders of Enugu's spare parts dealers, Governor Mbah assured traders that the new market would address challenges faced in Coal Camp. "This is a purpose-built market with all necessary infrastructure, including safety codes, fire service, a clinic, truck parks, and residential areas for traders to live close to their businesses," Mbah stated. Read also Gov. Mbah signs executive order relocating Enugu Spare Parts Market FCCPC sues MultiChoice over DSTV, GOtv Price hike FG clears bottlenecks, unlocks private investment in key road projects Nigeria's manufactured goods exports surge 110% YoY to N494.2bn in Q4 2024 Google to retire Google Assistant, replacing It with AI-Powered Gemini Construction is already underway, with roads being opened and buildings under development. The governor assured that traders would relocate within months to a modern trading hub that enhances business efficiency. Traders Hail Governor's Commitment President of the Enugu Motor Spare Parts Dealers Association, Chief Michael Nomeh, expressed gratitude, highlighting that past governments had failed to deliver on relocation promises since 1999. "This is the first time a governor is fulfilling his campaign promise to relocate us to a modern international market," Nomeh said. Strategic Economic Impact The Managing Director of the Enugu State Investment Development Authority, Dr. Sam Ogbu-Nwobodo, emphasized that the new location is strategic for trade, connecting the Middle Belt, South-South, and Cameroon to Onitsha. "This project is key to our drive for a $30 billion GDP. It offers traders ownership opportunities, better facilities, and an organized trading environment," he stated. The new spare parts market will feature: Shops, warehouses, and workshops Smart schools and healthcare centers Police and fire service stations Recreational parks and a football pitch Governor Mbah reiterated his commitment to economic growth and urban development, positioning Enugu as a major commercial and industrial hub.

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The Federal Competition and Consumer Protection Commission (FCCPC) has taken legal action against MultiChoice Nigeria and its Chief Executive Officer, John Ugbe, for violating regulatory directives and obstructing an ongoing investigation into the compa… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FCCPC sues MultiChoice over DSTV, GOtv Price hike By sbinsights on March 15, 2025 The Federal Competition and Consumer Protection Commission (FCCPC) has taken legal action against MultiChoice Nigeria and its Chief Executive Officer, John Ugbe, for violating regulatory directives and obstructing an ongoing investigation into the company's recent price hike on DStv and GOtv services. The FCCPC had earlier directed MultiChoice to suspend its planned price increase pending a full review. However, the company went ahead with the new pricing on March 1, 2025, in defiance of the commission's order. Following this breach, the FCCPC has filed charges at the Federal High Court, Lagos Judicial Division, citing three key violations under the Federal Competition and Consumer Protection Act (FCCPA) 2018: 1. Obstructing a regulatory inquiry by proceeding with the price hike despite directives to halt it (Section 33(4)). 2. Impeding an ongoing investigation by disregarding orders to maintain the current pricing (Section 110). 3. Misleading regulatory authorities by implementing the increase without formally objecting to the directive (Section 159(2)), an offence punishable under Section 159(4)(a) and (b) of the Act. Read also FCCPC sues MultiChoice over DSTV, GOtv Price hike FG clears bottlenecks, unlocks private investment in key road projects Nigeria's manufactured goods exports surge 110% YoY to N494.2bn in Q4 2024 Google to retire Google Assistant, replacing It with AI-Powered Gemini NAFDAC busts syndicate scamming foreign companies with fake documents In a statement, FCCPC's Director of Corporate Affairs, Ondaje Ijagwu, condemned MultiChoice's defiance, describing it as a deliberate attempt to undermine regulatory oversight, disrupt market fairness, and exploit consumers. "This blatant disregard for regulatory authority and consumer protection laws will not be tolerated. MultiChoice's actions demonstrate a pattern of conduct that undermines fair competition and consumer rights," Ijagwu stated. He added that the FCCPC is considering additional enforcement measures, including financial penalties and regulatory sanctions, to ensure compliance and accountability. The legal battle marks a critical test of Nigeria's consumer protection laws and the FCCPC's ability to regulate dominant market players in the pay-TV sector.

SMALL BUSINESS INSIGHTS © 2025. Manage your email settings or unsubscribe. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110