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Propertymart Boosts 14 SMEs with Cash Grants in Valentine’s Promo

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Palton Morgan, through its leading subsidiary, Propertymart Real Estate Investment Limited, has affirmed its commitment to the empowerment of Small and Medium Enterprises (SMEs) by supporting them with N100,000 cash grants as it redeemed its promise to the 14 SMEs that emerged winners from its Valentine’s Day promo tagged ‘Propertymart SMEs Valentine’s Grant’ held earlier in the year.

The online campaign which held between February 14 and February 28 had participants sending in sone-minute video describing their businesses, their inspirations, and how a grant of N100,000 will impact them. Entries were judged based on the compelling startup stories, the proposed best use of the N100,000 grant, and the level of engagement on social media.

The winners who met all the criteria were announced in March 7 and received their prizes recently at Palton Morgan Head Office in Victoria Island.

Speaking while presenting the cheques to the winners, Nidal Turjman, Group Chief Operating Officer, Palton Morgan Holdings, highlighted the importance of giving back to society and disclosed the idea behind the initiative.

“We understand that the SME segment is an important sector of the economy, and we wanted to acknowledge them for their brilliant ideas.

“The initiative started with our key objective to motivate them and is a part of our corporate social responsibility. We are not looking for only profit; we are also giving back to the society by helping SMEs,” said Turjman.

“We hold our word in high regard, and we are happy that the winners have all received their grant. We will continue to encourage SMEs, not only on valentine’s day but anytime in the year. That is the least we can do for society,” he added.

Sharing their happiness after receiving the grants, the winners appreciated Palton Morgan’s gesture, disclosing that it means a lot to them and their business growth.

Temiloluwa Ajet, who runs a male fabrics business, said, “This was a pleasant surprise, and I wish to express my appreciation to Palton Morgan for this grant.

“I usually get orders in bulk sometimes, and I’m sometimes unable to deliver due to financial constraints. But with this money now, I’ll be able to get materials in bulk and deliver to my customers,” she said.

Adeshola Araoye expressed the same sentiment, commending Palton Morgan for fulfilling its promise. “With a lot going on in social media right now, one will always be sceptical about giveaways.

“When I saw my name on their page as part of their winners, I waited for like two, three days without hearing from them; I started doubting them. Today, they’ve proved to me that they keep to their word,” Araoye said.

Olawumi Beatrice, who heard about the SME grant through a friend, also praised Palton Morgan for the initiative, disclosing the money’s impact on her business. “Thank you to Palton Morgan for impacting lives and supporting small businesses like mine.

“There is a particular machine I’ve wanted to get that will help my work become fast; with this grant now, I’ll be able to get that machine and also get a small space to display my goods,” she said.

Another beneficiary, Oluwatobi Ogunyemi, who runs an educational tutorial centre, lauded Palton Morgan’s integrity, saying, “I am surprised companies like this still exist. I was a bit sceptical about participating in this giveaway, but they proved me wrong at the end of the day.”

He added that “one of the major challenges I face is finance and getting tutors to teach the students.

“But now, with this money, I’ll be able to get new instructional materials that will facilitate learning and convince more people to be part of the tutors. Teaching is more of giving back to the society, so it has to be people that have passion for the job.”

Since its incorporation in 2008, Propertymart has embarked on several corporate social responsibility initiatives. It offers scholarships to outstanding high school students and carries out training programs. During the COVID-19 lockdown, Propertymart donated relief items running into millions of naira to Lagosians.


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General News

NSE, Indian Firm Donate Design Software to Universities

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Nigerian Society of Engineers (NSE), in collaboration with MIDAS IT, India, have donated engineering software valued at over $15 million to 15 Nigerian Universities.

NSE, Indian Firm Donate Design Software to Universities

MIDAS IT is also conducting a technical workshop to train the universities on the use of the engineering software in designing structures, especially in the area of civil engineering.

Mrs Margaret Oguntala, president of NSE, at the handover ceremony, in Abuja, said the collaboration, which is in line with the Society’s mission, is aimed at training young Engineers who would lead the profession in the future

She advised the benefiting universities to use the software productively and to ensure that the students transition from academic concepts to real-world applications.

“I would like to emphasize that the future of our profession lies in the hands of our young ones. It is our collective duty to guide, support, and inspire them to rise to their full potential.

“Through structured mentorship and active knowledge-sharing, we can equip the next generation to lead the engineering profession with vision, competence, and excellence.

“As the world continues to embrace the Fourth Industrial Revolution, it has become increasingly critical for us as a country to create deliberate pathways for our young innovators to transition from classroom concepts to real-world applications.

“I therefore urge the benefiting universities in this programme to intensify their efforts in closing the gap between academia and industry. By doing so, we will ensure that our engineering graduates are well-prepared to function effectively and confidently in the professional space from the moment they leave the university,” she said.

Minister of Innovation, Science and Technology, who was represented by the Okoro Ikechukwu, director of ICT, said the Ministry would always support any action that strengthens the link between Education, innovation, and industry.

“We are always committed to supporting initiative that strenghtens the linkage between education, innovation, and industry, and of course, to drive our collective vision for a knowledge-based and technology-enabled Nigeria. We are always open for partnerships in this regard,” he said.

Mr Bello Goronyo, minister of State for Works,  said, “I am particularly pleased to see that this handover is accompanied by a Technical Training Workshop. The best software in the world is useless without skilled hands to operate it.

“This crucial step ensures that the knowledge transfer is complete, empowering our lecturers and coordinators to fully integrate these tools into their curricula for maximum impact.

“The Federal Government’s agenda prioritizes quality infrastructure and local content development and is committed to facilitating a fertile ground for collaboration between industry, government, and academia to advance our technological competitiveness.

“Today’s event is a vibrant demonstration of that commitment,” he said.

Naga Ravi Anne, managing director, Africa and UAE Region of MIDAS IT, emphasised the importance of providing the right tools that would facilitate training for children.

He added that this first stage of donation is focused on supporting civil engineering and that they would consider providing software for mechanical engineering in the next stage.

Abdulrahman Salawu, Vice Chancellor of Confluence University of Science and Technology, on behalf of the 15 universities, promised to use the software effectively, adding that the universities would work towards developing their own software.

 


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New Science Minister Charts Roadmap for Innovation, National Development

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Kingsley Tochukwu Udeh, Nigeria’s newly appointed minister of Innovation, Science and Technology, has pledged to reposition the ministry as a catalyst for national development through a renewed focus on innovation, research, and technology-driven solutions.

Speaking at a leadership strategic meeting with directors and heads of agencies under the ministry in Abuja on Friday, Udeh said the session was convened to chart a 12-month strategic plan aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“We have identified the key things that we, as an ecosystem — the ministry and its agencies — want to achieve in the next 12 months in line with the Renewed Hope Agenda,” Udeh said.

“We understand the importance of our mandate. If we are to rise to become one of the leading nations of the world, we must take innovation, science and technology seriously — and we have resolved to do exactly that.”

Udeh emphasised that science, technology and innovation (STI) are central to Nigeria’s transformation, not only in economic growth but also in addressing challenges such as insecurity, unemployment, and underdevelopment.

“It will be innovation, science and technology that provide solutions to advance our progress and development — that even tackle the hard-headed monster of insurgency and terrorism,” he stated.

The minister said the meeting produced a set of “quick wins” that would begin to show visible impact from next week. He also underscored the need for synergy and teamwork among all agencies under the ministry to deliver measurable results.

“We have agreed as a leadership that we will work as a team, identify quick wins, and begin to make remarkable impacts immediately. What will make us relevant is the impact we make in the lives of Nigerians,” Udeh added.

Udeh, who was confirmed by the Senate in November 2025 following his nomination by President Tinubu, replaces Uche Geoffrey Nnaji, who resigned in October.

The meeting concluded with a pledge of unity among the ministry’s leadership and a commitment to ensuring that Nigeria’s innovation and technology ecosystem drives inclusive national progress.


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Senate Committee Says $300Bn Lost to Oil Theft

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The Senate ad hoc committee investigating persistent crude oil theft in the Niger Delta has disclosed that a forensic audit conducted by independent consultants revealed that suspected oil thieves stole more than $300 billion worth of oil, which ought to have been Nigeria’s proceeds from crude oil sales.

Senate Committee Says $300Bn Lost to Oil Theft

Senator Ned Nwoko, chairman of the committee  made the disclosure this while presenting an interim report of the committee during Wednesday’s plenary, adding that the findings were based on a forensic review conducted by consultants engaged by the committee.

The Senator representing Delta North Senatorial District explained that the stolen funds were traced to both local and international transactions, however, requested that the committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally

“The ad hoc committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally, as forensic review by the consultant shows over $22 billion, $81 billion, and $200 billion remains unaccounted,” he said.

Nwoko who did not disclosed identity of the consultants, stated that the period covered by the forensic report, the identities of the suspected perpetrators and the companies allegedly involved.

The federal lawmaker, however, pointed out that the report was interim, suggesting that more findings would be made public in the committee’s final submission, adding that the committee recommended that the Nigerian government establish a special court dedicated to prosecuting oil-related offences and offenders appropriately.

 

 

 

 


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