News
Minister Fights NBS over Job Losses Figures

Chief Audu Ogbeh, minister of Agriculture and Rural Development, has picked holes in the recently released third quarter report of the National Bureau of Statistics (NBS), indicating that over four million jobs were lost under the present administration in 2017.
Ogbeh, at a press briefing on the National Egg Production Scheme (NEGPRO) in Abuja, faulted those he called ‘calculators of Nigeria’s economic indices’ for reporting job losses in the formal sector without noting that millions of jobs had been created in the informal sector.
The NBS report had stated that the country’s unemployment rate rose from 14.2% to 18.8% in 2017.
The reported job losses came on the heels of the All Progressives Congress (APC) campaign promise to create 3million jobs annually, if it came into power.
Ogbeh claimed that there was no difference between income earned in the village and that earned in the towns and cities; pointing out that farmers; across the villages were getting richer.
Ogbeh said “In many of the states, communities have become richer. In some of the states; the last Hajj was funded; people bought their tickets; foreign exchange and travelled, they paid their way and went on Hajj in many of the northern states.
“Let me correct an impression; I’ve been reading in newspapers that Nigeria has lost four million jobs in the last two years and it became a campaign. But let me make it clear, if we’ve lost 4million jobs in the cities and in the factories; we’ve actually created six million jobs on the farms.
“Let no one pretend that income earned in the village is not the same as income elsewhere. There may have been some job losses; but there have been some job creation efforts in the rural areas because you will find this in many places that villagers are getting richer than many of us in the cities. In my village, the Cashew Association sold cashew worth over N150m and I am always proud to say that I taught them how to grow cashew nuts. And when I go home, I get palm wine in salutation.
“So, when the calculators of the economic indices of Nigeria talk, they don’t know what is going on below. I am in a position to say so because I see it. With this NEGPRO coming on board, another one million jobs would be added.”
However, the NBS report indeed stated that the nation’s labour population increased from 83.9 million in the second quarter of 2017, a difference of 1.2million in additional workforce.
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
News
US Launches ‘Window on America’ @ Ogun Tech Hub

The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
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