News
Twitter CEO, Okonjo-Iweala, Advocate Use of Technology to Tackle Unemployment

Dr Ngozi Okonjo-Iweala, former Minister of Finance, and Jack Dorsey, the co-founder/ Chief Executive Officer of Twitter, have called on Nigerian youths to leverage technology to reduce the level of unemployment in the country.
They said that with the current rate of unemployment in the country, the time has come for the youth to focus on how to create jobs for themselves rather than relying on paid employment.
Speaking on Monday in Abuja during a visit by the Twitter CEO to the African University of Science and Technology, Okonjo-Iweala called on the youth to focus more attention on entrepreneurship.
The National Bureau of Statistics had in the last quarter of 2018 stated that the number of Nigerians without jobs stood at 20.9 million.
But Okonjo-Iweala, who is also the Chairman, Board of Trustees, AUST, said that technology had provided a huge platform for the youth to create jobs for themselves and others.
The former finance minister who was instrumental to the visit of the Twitter boss to the school said, “Dorsey told them (students of the school) that he was interested in entrepreneurship, not just using Twitter as a platform but also using it to spur entrepreneurship among young people.
“They can use it as a platform to create jobs and we actually heard examples of young Nigerians doing two or three things using Twitter.
“Jack believes that Twitter serves as a platform for young people to create jobs for themselves and others.
“This can have a huge impact and that’s why we wanted him to come to Nigeria so that he can help us help ourselves.”
In his comments at the event, Dorsey said that Twitter has created a platform not only for people to be heard but for them to explore the immense potential in technological innovation.
He said over the last 13 years, the company has been coming up with innovative solutions.
Prof Oye Ibidapo-Obe, the Chair, Governing Council, AUST, described the unemployment rate in the country as alarming.
He added that if the huge rate of unemployment is not addressed, it could pose serious problems for the country.
He said, “What is important to us and even the government is youth employment. The rate is so much that if we don’t do something quickly, we are going to get into trouble and the best platform is technology.
“That is what we have seen today. As a matter of fact, the human potentiality is here and we believe strongly too that this university will be the centre of focus for technology in Africa.”
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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