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Benue government to set up trust fund for youthful entrepreneurs

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Benue Investment and Property Company Limited (BIPC) said that the BIPC Trust Fund would soon be established for the young entrepreneurs.

Mr. Raymond Asemakaha, the BIPC Managing Director, made the announcement on Saturday at a virtual town hall meeting christened “Advancing Economic Development in Benue State: Our Recent Achievements and the Future Outlook.”

The establishment of the fund is to enable the youth to start own ventures. “By turning them towards the business ecosystem within the heart of the state, we create, therefore, a vibrant entrepreneurial culture,” said Asemakaha.

While stating that the establishment of the Benue Investment Trust Fund was a major step towards achieving this albm, it was anticipated that its impact on the state’s economy would be positive.

“This initiative is to make young people in the state entrepreneurs and job creators,” Asemakaha said.

He further disclosed that the activities of BIPC at present were tailored towards the re-direction of young people in Benue state into the business ecosystem. “Benue has troubles in almost every sector but Hyacinth Alia, governor of the state, has headhunted technocrats like me who are fixing it and redirecting the state economy to take its original place.

“In the Small and Medium Scale Enterprises (SMEs) sector, jobs lost from 2014 to 2023 are pegged at 907,676. This administration is able to reverse the negative growth from -3.2 to positive just within one year.

“Output has to exceed population growth going forward, though at present, our output growth is low in relation to population growth.”

That is why we are trying to come up with viable strategies and seeing inclusive policies in creating a sustainable business enabling environment.

Such policies, they include the Benue State Inclusive Economy Policy, the Benue State Policy on Micro, Small and Medium Enterprises, and the Benue State Industrial and Trade Policy, among others,” he stated.

The News Agency of Nigeria(NAN) reports that the town hall meeting was conducted virtually under the auspices of Irene Azubuike of Viider Consulting and served as a platform for exchanging engagements with the general manager of BIPC.

Participants discussed the initiative among themselves, expressing hopes and prospects to change the face of business in Benue.

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METRO

Four Hospitalized as Fire Engulfs Two Buildings in Lagos

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Four unidentified individuals are fighting for their lives following a fire that ravaged a six-storey building at Afriland Tower, which accommodates a branch of the United Bank for Africa and various other businesses on Broad Street in Lagos Island. Simultaneously, another plaza in the vicinity was also engulfed in flames, resulting in part of the structure collapsing.

The initial incident sparked widespread panic among occupants and pedestrians in this bustling commercial area. Multiple videos circulating on social media captured the chaos, showing individuals attempting to leap from the burning building, while some were rescued by courageous residents and bystanders using ladders.

Crowds gathered outside the building, anxiously watching as firefighters and volunteers worked to control the situation. The Deputy Controller of the Lagos State Fire and Rescue Service confirmed the emergency, noting that they received the distress call at 1:38 p.m. Fire crews from both Ebute Elefun and Sari Iganmu fire stations promptly responded.

“The fire originated in the inverter room located in the basement, with smoke spreading across multiple floors and engulfing the structure,” he stated. Evacuation of occupants was underway, and firefighting efforts successfully mitigated the widespread panic before first responders arrived.

An anonymous emergency responder, interviewed at the scene, shared their experience: “I managed to rescue two individuals from the top of the building, but when firefighters arrived, we were instructed to leave the area.”

In a later update, fire officials reported that 11 individuals were evacuated to ambulances, with nine casualties rescued and five receiving successful resuscitation. “Several others escaped without injury, and efforts are ongoing to resuscitate the remaining four individuals. Relevant emergency agencies are on-site to maintain crowd control and facilitate the work of emergency responders.”

In a separate incident, it was reported that part of Central Plaza on Broad Street collapsed after being consumed by fire around 7:40 p.m. The rapid spread of flames through the multi-storey shopping complex coincided with emergency responders’ attempts to contain the blaze.

Witnesses noted that the occupants were evacuated before the collapse, alleviating concerns about anyone being trapped under the debris. One eyewitness recounted, “When the fire broke out, the traders had already been evacuated. The building collapsed while emergency personnel were engaged in firefighting efforts. I don’t believe anyone was caught in the wreckage.”

When approached for comment regarding the second incident, a spokesperson for the Lagos State Fire and Rescue Service confirmed that rescue operations were still active but declined to provide further details until the situation was resolved.

As of now, the exact causes of these fire incidents have not been determined. It is worth noting that a previous report indicated a fire at the A1 Petroleum Filling Station on Isawo Road in Ikorodu, Lagos, which also caused significant concern among residents and commuters nearby. The blaze was believed to have originated from a diesel-laden truck parked at the site, leading to panic over potential explosions.

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Husband kills wife in Ekiti.

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A woman known only as Modupe Alasin has passed away after being brutally assaulted by her husband in Efon Alaaye, Ekiti State due to her being late to the farm.

A witness who requested to remain anonymous stated that the woman cried out and pleaded for mercy while her husband beat her repeatedly.

After a short while, the man commanded the woman to fetch water from the nearby stream, but she collapsed and died next to it due to exhaustion.

Upon being reached, the Public Relations Officer of Ekiti State Police Command, SP Sunday Abutu, validated the occurrence, stating that the husband had been detained for additional inquiry

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Man kills himself in Imo due to hardship and family neglect.

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A man in his 50s named Odomma was found dead in the Amakpu Okuku community in Owerri West Local Government Area of Imo State on Friday morning. He was discovered hanging in an unfinished building near his home. Officials are now looking into the matter.

Odomma was a father of four who sold water in jerry cans and buckets.
He had been having financial problems for a long time and couldn’t support his family. His wife and children reportedly stopped giving him food because he couldn’t provide for them anymore.

Some people in the village said Odomma had talked about ending his life three months ago.
He told a few friends that if things didn’t get better, he would take his own life. A community member named Ikenna said they told him to talk to the village leader to find a solution, but he didn’t. Ikenna said it was sad that Odomma chose to end his life instead of selling his generator or water tank to get money. Now the family will eat together, but he won’t be there.

When the news spread, many people rushed to the scene.
They crowded around the unfinished building to see the body and took photos with their phones. Odomma was known in the community for selling water at prices starting from ₦100. Over the past few months, he looked very sad and hopeless.

The Police Public Relations Officer for Imo State, Henry Okoye, said he would check with the local police to confirm the situation.
He promised to get back with more details but later couldn’t be reached on the phone.

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