
News
Enugu: Gov. Mbah releases ₦60 million counterpart fund for World Bank’s livestock project
…as Nnajieze commends governor’s efforts on economy, eradication of poverty
The Enugu State governor, Dr. Peter Mbah, has approved the immediate release of sixty million naira counterpart fund for the World Bank-assisted Livestock Productivity and Resilience Support Project (L-PRES) to boost productivity in the state.
This was even as the State Project Coordinator, Dr. Ifeyinwa Nnajieze, commended the governor’s determination to grow the state’s economy from $4.4 billion to $30 billion, eradicate poverty, scale up agro-allied activities and engage women and youths in the livestock value chain.
Disclosing the development, Dr. Ifeyinwa expressed delight over what she described as the governor’s “innovative and deliberate policy” targeted at achieving food sufficiency, balanced diet and exports of agro-allied produce in the state.
She said the six-year project which commenced in 2022 would not only be domesticated in the state but would continue to receive attention and support from the governor in order to ensure that the vision and mission of the administration to turn the economy around, empower livestock farmers and create jobs were achieved.
“This project is just a step away from achieving our mandate. If you look at the programmes of the governor, and the way he has been unpacking them, you will understand the L-PRES is an important part of the projects that will scale up production, train farmers, encourage modern livestock farming methods, and complement other critical subsectors of the economy.


“The governor is talking about achieving a zero percent poverty headcount through disruption of the status quo, and to us, this is not a joke. It is achievable with the right policies. Today, we are seeing the right policies across different spectrums of the economy. The value chain in production has had a far reaching effect on the standard of living of the people. The payment of the counterpart fund would enable us partner with the World Bank to fight hunger and malnutrition, and produce in large scale,” she noted.
Dr. Nnajieze further explained that the L-PRES was a World Bank/Nigeria initiative which sought to improve the performance and sustainability of livestock production, value addition by the deployment of productive infrastructure and technological interventions along the livestock value chain.
“The proposed project will support government’s new policy thrust and boost newly developed state priorities by enhancing livestock productivity, creating the right environment for the attraction of youths and the private sector players into livestock farming.
“There are huge opportunities which members of the public, particularly, investors, can consider in this sector. The state is open for business, having enabled the right and appropriate environment and derisked investment flow with the right framework and attractive incentives.
“The programme potentially guarantees capacity building among relevant administrators and also initiates an effective crisis management system for the livestock subsector,” she further added.
It would be recalled that the governor had committed two hundred and seventy four million naira as its counterpart fund payment to the state’s International Fund for Agricultural Development/Value Chain Development Programme (IFAD/VCDP) and the sum of four hundred and fifty million naira counterpart fund for the Nigeria for Women Project (NFWP) both in August, all geared towards boosting food security.
News
Security guard allegedly kills employer two weeks after resuming duty
• Guard arrested, blames devil for the murder
A security guard identified as Abdul Latiff has reportedly been arrested for allegedly killing his employer, Mrs Marbel Okafor, at her residence on Victoria Island, Lagos.
According to reports, Mrs Okafor employed Abdul as her security guard during the first week of August 2026. However, barely two weeks after he resumed work, tragedy struck.
On August 16, Abdul allegedly entered his employer’s room and stabbed her several times in the stomach.
A neighbour reportedly heard Mrs Okafor screaming and repeatedly calling Abdul’s name. When the neighbour approached him to find out what was happening, Abdul allegedly claimed that his employer was frightened by a cockroach and that this was why she was shouting.
He was said to have subsequently taken three mobile phones, ₦10,000 from her purse and other valuables before fleeing in a vehicle to Jalingo, Taraba State, his reported hometown.

Neighbours later discovered Mrs Okafor’s body and alerted the police. Following an investigation, officers reportedly traced the suspect to Taraba State, where he was arrested.
When questioned about what his employer had done to provoke the alleged attack, Abdul reportedly replied that she did nothing to him, describing his action as “the devil’s work.”
The matter is reportedly being investigated by the police but no official statement has been issued on the incident, which has gone viral on the social media.
News
Uber exit a wake-up call, exposes Nigeria’s business crisis
Uber officially shut down its operations in Nigeria on Wednesday, September 2, 2026, bringing an end to 12 years of business in the country.
While the company has diplomatically described the move as part of a review of its business priorities and investment focus, its exit comes at a difficult time for businesses operating in Nigeria.
Companies are facing a combination of rising operating costs, inflation, currency instability, weaker consumer purchasing power and an increasingly unpredictable business environment.
And that is where the bigger conversation begins.
Why is Nigeria struggling to remain an attractive destination for businesses despite being one of Africa’s largest consumer markets?

The Tinubu-led APC administration inherited a fragile economy and introduced major reforms aimed at stabilising it. But Nigerians cannot ignore the reality that businesses are still under enormous pressure, while some companies are shutting down, scaling back or redirecting investments elsewhere.
Economic performance should not be measured by statistics alone. It should also be measured by whether businesses can survive, expand, employ more people and confidently invest in the country.
Uber’s exit should therefore serve as a wake-up call.
Nigeria needs an economic environment that makes businesses want to come, stay and expand—not one that gradually pushes them toward the exit.
If the government wants to attract serious local and foreign investment, it must urgently address the conditions making it increasingly expensive and difficult to do business in Nigeria.
Because when major companies leave, the consequences go beyond corporate boardrooms. Jobs, investment, competition and opportunities for millions of Nigerians are affected.
And that leaves Nigerians with a very uncomfortable question:
Is Tinubunomics creating an investment-friendly Nigeria—or are we simply being asked to endure the pain and “bole ka ja”? (The Guardian)
News
Uber shuts down operations in Nigeria
Ride-hailing company, Uber, has shut down its operations in Nigeria.
In a statement, the company, which came into Nigeria in 2014, said its exit is effective from September 2, 2026.
“We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.
“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.
“Whether it was a morning commute, a ride to see loved ones, or exploring the city, thank you for trusting the platform to connect you to a driver to get you there safely. We know this may cause disruption to your routine, and we sincerely apologize for the inconvenience.”

In a memo on Wednesday, the ride-hailing company also announced elimination of roughly 3,300 positions.
The job cuts focused on management and coordination roles, according to its CEO, Dara Khosrowshahi.
“Today, we’re making a number of significant organizational changes across Uber. We are removing layers, simplifying team structures, refining our global location strategy, and focusing our people and investments against the biggest opportunities ahead of us.”
“As a result, we will be reducing the size of our team by about 10%. Everyone whose role has been affected has already been notified, except in countries where we will follow the required local process.
“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organized and what we’re prioritizing, not about anyone’s contributions to Uber, which we will always value.
“I’m sure you’re asking, ‘Why, and why now?’ particularly since our business is performing so well. Over the last 5+ years, Uber has grown by orders of magnitude, with our top line nearly tripling. We’ve built new products, expanded into new businesses, reached more consumers and supported more earners, and become a much larger and stronger company. But that growth has also brought complexity: more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale.
“Our opportunity from here is enormous: we have the chance to bring Uber to hundreds of millions more people; to invest even more in drivers, couriers and merchants; and to innovate across our core businesses and build the autonomous future.
“The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future. A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating. It will also generate savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years.
“It’s our job as leaders to make these difficult calls, and to give you transparency into our thinking and our decision-making process.”
The layoffs are the latest round of job cuts for Uber, which eliminated roles in customer service and HR earlier this year.
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