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Olam Agri, a foremost player in Nigeria’s agribusiness sector, has concluded the second edition of its Back-to-School Scholarship Programme, a significant initiative that has provided financial aid to a total of 65 students from staff families and host communities in Ilorin and Kaduna.

This initiative is part of Olam Agri’s Seeds for the Future (SFTF) initiative, which is committed to ensuring a secure and sustainable future for local populations. The programme reflects Olam Agri’s deep commitment to education, employee welfare, and community development, easing the financial burden of schooling while investing in Nigeria’s next generation of leaders.

Amit Agarwal, Business Head for Olam Agri’s Integrated Feed and Protein, in a statement, emphasised the company’s dedication to education, ‘At Olam Agri, we see education as the cornerstone of national progress. This initiative is a tangible way of empowering young people to achieve their full potential while supporting families in our workforce and communities. We are delighted to see this initiative grow and have a positive impact on so many lives.’

Monica Bissala, a high school student from Kaduna and one of the scholarship recipients, shared her heartfelt gratitude. ‘I am so happy and thankful to Olam Agri for this scholarship. It will help my parents buy new books and school supplies. This support motivates me to study even harder and achieve my dreams.’ She said in the statement. Her story is just one of the many lives positively impacted by this initiative. The programme also received heartfelt appreciation from beneficiaries within the Olam Agri staff. Alamezie Chimankpa, a staff member and a parent of a scholar in Ilorin, remarked, ‘Olam Agri has always been a family, and this scholarship proves their commitment to our well-being. This gesture has brought immense relief to my family, and I am deeply grateful for their support.’

Community leaders also praised the company’s efforts. Joseph Sauri Garba, the Kogunan Gbagyi of Chikun Local Government Area, a community leader from Kaduna, noted, ‘This programme shows that Olam Agri is not just a company in our community, but a true partner. By helping our children get a good education, they are building a stronger and more prosperous future for all of us. We are thankful for their continued partnership.’ His words reflect the widespread community support for this initiative.

The Back-to-Scholarship Programme reflects Olam Agri’s vision that true business success is inseparable from social impact. By investing in the education of young people, the company not only supports families today but also helps build a skilled, resilient generation that will shape a brighter and more prosperous future for Nigeria.

Sam Onukwue, chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) is also a Fellow of Chartered Institute of Stockbrokers (CIS). He discusses the current state of Nigerian capital market, critical role of licensed stockbrokers, and what must be done to deepen investor participation in a challenging economic environment, writes Iheanyi Nwachukwu. Excerpts

How would you describe the current state of Nigeria’s capital market?

The Nigerian capital market is gradually recovering from past shocks and is showing signs of greater resilience. We’ve seen improvements in investor confidence, stronger regulatory oversight, and the adoption of advanced technologies. The ongoing effort by the Central Securities Clearing System (CSCS) to reduce the settlement cycle to T+2 settlement and subsequently to T+1 will further impact positively on the market. These are positive indicators. However, challenges remain. Inflation continues to erode returns, foreign exchange volatility affects investor sentiment, and retail participation is still relatively low. While the market is more stable than in previous years, there is still significant room for deeper market penetration, improved investor education, and stronger protection mechanisms.

What recent developments have been most encouraging?

Several developments are worth highlighting. First, the transition to a T+2 settlement cycle aligns Nigeria with global best practices, boosting our credibility among international investors. The adoption of digital onboarding and fintech integration has also made the market more accessible, especially for younger and tech-savvy Nigerians. Moreover, we’re seeing a rise in tech-driven brokerage platforms that provide real-time trading and investment tracking. Importantly, the Securities and Exchange Commission (SEC) has improved regulatory transparency, which is critical for building long-term investor trust.

Why do you think retail investor participation remains low despite these improvements?

The main issue is the persistent trust gap. Many Nigerians are still skeptical of the market, partly due to past experiences during market downturns and the prevalence of fraudulent schemes at that time. The market has since moved from that era though. There’s also a general lack of financial education. A large segment of the population don’t understand how the capital market works, or how to invest safely and sustainably. We believe this can be changed through increased awareness, better investor education, and by promoting the value of working with licensed stockbrokers.

What role do stockbrokers play in protecting investors from risk?

Stockbrokers are the first line of defense for investors. As licensed professionals regulated by the SEC, we help clients make informed decisions. Our responsibility is not just to execute trades but to provide advisory services, perform due diligence, assess risk, and ensure regulatory compliance. We guide investors away from speculative ventures, Ponzi schemes, and misleading financial advice. In essence, a stockbroker’s role is both protective and educational. We act in the best interest of our clients.

In the digital age, many investors use apps directly. Do traditional stockbrokers still matter?

Absolutely. Technology enhances access, but it cannot replace expertise. Investment apps may allow users to buy and sell, but they rarely provide personalized advice tailored to the investor’s financial goals, risk appetite, or long-term strategy. Licensed stockbrokers are trained to offer sound financial advice, interpret market trends, and recommend diversified portfolios. Given the increasing number of online scams and misinformation, the role of regulated, professional intermediaries is more crucial than ever.

How would you advise a first time investor?

Start with a licensed stockbroker who is regulated by the SEC and licensed by the Nigerian Exchange (NGX). Learn the fundamentals of investing, understand the risks and the potential returns. Focus on diversification, avoid emotional trading, and stay away from get-rich-quick schemes. Think long-term. The capital market rewards patience and consistency. And always verify investment opportunities through official channels. A credible stockbroker will guide you through this process. What government policies would help deepen investor participation in the capital market?

We recommend several interventions. First, tax incentives for listed companies that pay consistent dividends could attract more retail and institutional investors. We strongly recommend that Government should reconsider its stance on Capital Gains Tax on as it affects capital market transactions. Government should also promote financial literacy at all levels, starting from schools and include capital market education in national curricula. Equally important is macroeconomic stability. A stable foreign exchange regime, lower inflation, and consistent policy implementation will significantly enhance investor confidence, both local and foreign.

How can the government make investing more appealing to the average Nigerian?

Government can issue more retail-targeted savings bonds or tax-free instruments tied to the capital market. Additionally, digitizing privatization programs through the NGX will allow ordinary Nigerians to own shares in government enterprises. This will drive inclusion and increase the sense of ownership in national assets. When people see tangible value in equity participation, especially if simplified and digitised, they are more likely to invest.

Is ASHON working with regulators to implement these reforms?

Yes, ASHON maintains a collaborative relationship with key regulators such as the SEC, the Nigerian Exchange (NGX), and the CSCS. We have regular engagements and consultations aimed at improving investor protection, boosting investor confidence and encouraging innovation. We also advocate for the introduction of user-friendly investment platforms and support policy shifts that promote a transparent, inclusive, and growth-oriented market.

How is ASHON as a Trade Group helping its members remain competitive in a rapidly evolving market?

We provide regular training, workshops, and digital literacy sessions to ensure our members are up to date with the latest trends and compliance requirements. Many of our member firms are embracing fintech innovations like robo-advisory tools, AI-powered analytics, and mobile trading apps. Our goal is to transform stockbrokers from traditional intermediaries into technology-driven financial advisors who can serve both retail and institutional clients effectively.

What needs to be done to regain the confidence of foreign investors?

Foreign investors prioritise stability, liquidity, policy consistency and sanctity of contract. Government must ensure a more predictable foreign exchange regime and address concerns around capital repatriation. A transparent market driven approach to privatisation will enthrone sound corporate governance in privatised entities and make our market more attractive to foreign investors.

What is your message to Nigerian investors-especially in this period of economic uncertainty?

Now more than ever, Nigerians need to take control of their financial future. The capital market offers an avenue for wealth creation, passive income, and financial independence. But success comes from informed and patient investing. My message is simple: work with licensed stockbrokers, avoid shortcuts, diversify your investments, and stay informed. The Nigerian capital market is growing, and you deserve to grow with it. By promoting professionalism, transparency, and innovation, ASHON and its members will continue to play a central role in building a more inclusive and investor-friendly capital market.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of Garuba Mohammed Duku, a retired Director of Finance and Administration with the Abuja Metropolitan Management Council (AMMC), for corruption and money laundering involving ?318 million.

Delivering judgment on Wednesday, the Federal High Court in Abuja, presided over by James Omotosho (Justice), found Duku guilty on a six-count charge brought against him by the ICPC in suit number FHC/ABJ/CR/608/2022.

The court consequently sentenced him to a total of 24 years imprisonment, four years on each of the six counts, to run concurrently.

A statement by Demola Bakare, director of public enlightenment and education, said that he was also given an option of fine equivalent to five times the amount stated in each count, amounting to about ?1.6 billion. According to the ICPC, investigations revealed that between 2012 and 2013, while serving as Director of Finance and Administration, Duku fraudulently diverted ?318,250,000 belonging to the AMMC into his personal account domiciled at Fidelity Bank Plc.

The Commission’s findings showed that the convict received multiple payments totaling the said amount, including ?56.25 million, ?71 million, ?53 million, ?54 million, ?46 million, and ?36.3 million. ‘These funds were later transferred to Bureau de Change operators and spent for purposes not approved by the government’, it added.

During the trial, the ICPC noted that Duku, employed fraudulent methods of fund release and withdrawal in clear violation of extant government financial regulations.

‘The convict had claimed that the funds were disbursed to his superiors, but the court dismissed this defence after he failed to produce any evidence to support his claim’, ICPC said.

In his ruling, Omotosho held that the evidence and witness testimonies presented by the prosecution established Duku’s guilt beyond reasonable doubt. He described the actions of the former director as a gross abuse of public trust.

Reacting to the judgment, the ICPC described the conviction as another significant step in its efforts to promote accountability and integrity in the public service.

The Commission reaffirmed its resolve to ensure that public officials who engage in corruption or betray the public trust are brought to justice.

The Federal Ministry of Agriculture and Food Systems has reinstated its commitment to building a sustainable and resilient food systems in the state.

This declaration comes as part of preparations for the 2025 World Food Day which will be marked globally on Thursday October 16th.

The Ministry of Agriculture and Food Systems kicked off the series of activities to mark the 2025 World Food Day with a Road Walk on Wednesday, which would be followed by the Lagos Agric Scholars Quiz competition on Tuesday, October 14 at Adeyemi Bero Auditorium and later the grand finale on October 16, 2025 at the Police College Parade Ground, Ikeja.

Abisola Olusanya, commissioner for Agriculture and Food Systems, said the road walk was meant to create awareness and sensitise residents about the agricultural potential of the state and to galvanise support of the residents to further develop the sector.

‘People don’t see Lagos as an agrarian state, but I want to believe that under the administration of Governor Babajide Sanwo-Olu, even across Nigeria, Lagos has been very efficient in agriculture, probably we will be in the same category as Niger state,’ she said.

‘We want to continue to push that agenda for people to know that the state is an agrarian state, but it may just be in a different form and manner,’ she explained.

‘We also want to encourage the younger generation to take ownership of the Agric space and celebrate our stakeholders in the Agriculture space who have put efforts to ensure we have food on our tables,’ she added.

The 2025 World Food Day theme, ‘Hand in Hand for Better Foods and a Better Future,’ emphasises the urgent need for partnerships across governments, the private sector, development organisations, and communities to transform agrifood systems, promote healthy diets, and safeguard the environment.

From the convening point in JJT Park, Alausa, on Wednesday, farmers’ associations, food experts, members of BATNF and the Lagos ministry of Agriculture and Food Systems walked to Allen Avenue, Ikeja, singing and dancing in customised t-shirts.

The Nigeria Police Force (NPF) has graduated 10,000 newly trained constables after completing intensive training across various Police Colleges and Training Institutions nationwide, marking another milestone in the Force’s efforts to strengthen internal security and improve its operational capacity.

The Passing Out Parade, which took place simultaneously across all designated training institutions on October 7, 2025, represents a continuation of the NPF’s strategic manpower development drive aimed at enhancing the country’s policing standards in line with global best practices.

A statement by Benjamin Hundeyin, Force Public Relations Officer, said the new constables would soon be deployed to various commands and formations across the country to strengthen policing at the grassroots and complement ongoing security operations. Kayode Egbetokun, Inspector-General of Police, urged the recruits to uphold the core values of honour, diligence, and patriotism as they embark on their policing careers.

Egbetokun reminded the new officers of the high expectations placed on them by Nigerians, stressing that their conduct in the field must reflect the ethical and professional standards of modern policing.

‘Your training has equipped you with the knowledge, skills, and discipline to serve with integrity and courage. Carry with you the values of honour, diligence, and patriotism as you join the ranks to protect lives and property’, the IGP said.

According to the statement, the recruits were exposed to courses in intelligence-led policing, community partnership, crime prevention strategies, respect for human rights, and the responsible use of authority. ‘The curriculum was designed to prepare them for the dynamic challenges of 21st-century law enforcement while fostering stronger police-community relations.

‘The graduation of this new batch follows a similar exercise in January 2025, when another 10,000 constables were inducted into the Force, part of a broader initiative to increase police presence and improve response capacity nationwide’, the statement read. According to the IGP, the recruitment and training efforts underscore the Police leadership’s commitment to reform, modernisation, and improved welfare for officers.

He emphasised that sustained investment in training and institutional development remains central to achieving a safer and more secure Nigeria.

‘The Nigeria Police Force remains committed to continuous training, welfare enhancement, and institutional reforms that will sustain the gains of modern policing.

‘We will continue to build a Force that is efficient, accountable, and trusted by the people’, Egbetokun assured.

The World Bank Group has outlined a three-part strategy focused on improving conditions, reforming policies, and unlocking private-sector potential to facilitate job creation.

The Group noted this in a video presentation made on its official YouTube account, it sounded a warning over the scale of the jobs challenge facing developing nations, with 1.2 billion young people expected to enter the global workforce over the next decade. The pressing question then is whether there will be enough jobs to meet this unprecedented surge.

The demographic challenge

Referred to as the demographic bulge or demographic dividend, this population surge is expected to reshape labour markets across the developing world.

According to data, by 2050, just five African countries will add more than 304 million people to their populations, while Sub-Saharan Africa as a whole will experience a 40 per cent increase in its youth population. When including children, that figure rises to 50 per cent for low and lower-middle income countries globally.

However, job creation is struggling to keep pace. Current projections suggest that by 2035, up to 24 per cent of people in Africa may be unable to find work. The World Bank also noted that women’s participation in the labour force has stagnated for three decades, representing a missed opportunity for economic growth. ‘It’s not only a question of job numbers, but also of job readiness,’ the World Bank representative explained. ‘Automation, digitalisation, and shifts in work patterns mean millions will need retraining to remain employable.’

Of the 1.2 billion young people set to join the workforce, only around 420 million jobs are expected to be created, leaving a deficit of more than 700 million opportunities. Yet, as the World Bank stressed, ‘forecast isn’t destiny.’

A three-pillar approach

To address this crisis, the World Bank has outlined a three-part strategy focused on improving conditions, reforming policies, and unlocking private-sector potential.

Creating the right conditions:

Job creation begins with investment in health, education, training, infrastructure, and energy. Combating malnutrition, for instance, offers not only social benefits but also strong economic returns, every dollar invested yields $23 in improved health and productivity.

Access to reliable energy is another cornerstone of growth. Through the ‘Mission 300 initiative’, the World Bank and its partners aim to connect 300 million people in Sub-Saharan Africa to electricity, a move expected to power enterprises and employment. Enabling policies and regulation:

The Bank emphasised the importance of business-friendly environments, citing wide variations in the ease of company registration. According to its ‘B-Ready’ report, the time required to register a domestic firm can range from three days to as much as eighty, while foreign firms may wait up to 106 days.

‘The right policy frameworks create certainty, transparency, and investor confidence,’ the representative noted. ‘Those are the conditions that allow jobs to grow.’

Empowering the private sector:

Recognising that most jobs are created by small businesses, the Bank highlighted the urgent need to close a $5.7 trillion global financing gap facing micro, small, and medium-sized enterprises (MSMEs), including the 34 per cent owned by women.

The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, have together mobilised $197 billion to support MSMEs and other private-sector initiatives, with that figure increasing each year. Five key sectors for job growth

The World Bank also identified five sectors with the greatest potential for employment generation, which are infrastructure and energy, agribusiness, healthcare, value-added manufacturing, and tourism.

By maximising energy development in Africa, the Bank estimates that up to 7.4 million additional jobs could be created by 2035. In low-income countries, it found that every job created in healthcare has a multiplier effect, generating an average of 3.4 additional jobs across the economy.

Despite this potential, the healthcare sector remains underdeveloped in many regions, accounting for just 5 to 6 per cent of total employment in South Asia and Sub-Saharan Africa far below the 20 per cent average seen in high-income economies.

Unlocking the potential of a generation

While the numbers may appear daunting, the World Bank expressed cautious optimism. ‘With the right data, insights, and investments, we can face this challenge,’ the bank representative said. ‘We can create jobs that will unlock the potential of an entire generation.’

Simply put, the world’s demographic transformation presents both risk and opportunity. With strategic action and investment, the next decade could define not only the future of work but the shape of global prosperity itself.