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Agreement Signed for Deployment of Electric Motorbikes in Lagos

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Agreement Signed for Deployment of Electric Motorbikes in Lagos

By: Michael Mike

Swap Station Mobility Limited has signed partnership agreement with Glovo and Siltech World to deploy electric motorbikes, smart swappable batteries, and a network of quick interchange stations across Lagos State.

The Partnership will provide Glovo couriers with 2-wheel electric motorbikes that offer lower cost, clean mobility alternative to the internal combustion engine (ICE).

The Electric Vehicles (EVs) are provided on a lease-to-own model whilst also offering riders a unique “pay as you ride” or “weekly subscription” to access SSM’s battery swap and charging facilities, technical support and cover for insurance, licensing, and routine maintenance services. In order to increase adoption, Swap Station intends to build out a network of solar powered automated quick interchange battery stations along major demand routes and logistics bases starting in Lagos and surrounding states over the next twenty-four months.

Blackaion Capital and FundCo Capital Managers who are the co-sponsors of Swap Station Mobility, believe the operational cost of battery swapping per kilometre (km) will remain substantially lower than the fuel cost per km for the ICE counterpart. “This is the main value driver which has been catalysed by the Federal Government’s near elimination of fuel subsidies.

The products developed or distributed by Swap Station are designed to exceed the performance of petrol alternatives whilst significantly improving CO2 emissions, local air quality, and cost efficiency for users over the life of the asset,” said the Director at Swap Station and Partner at Blackaion Capital, Obiora Okoye,

Okwu Njoku who sits on the Board went on to say, “We are very excited about signing with Glovo who operate one of the most prolific food delivery platforms in Nigeria. Our EVs and swappable batteries are in-country, and Siltech World, one of our key technology and technical partners, supported us with the procurement, testing, and certification of the EVs, and so, we are now ready to start operations. We plan to spend the next few months securing additional swap locations, building our technology platform, and expanding our team.”

Abiodun Oni, Chief Executive Officer (CEO) of FundCo Capital Managers, and former Regional Sales Director, Energy, for Tesla, stated, “e-mobility is critical to our sustainable infrastructure investment strategy, and this agreement with our partners enables us to kick start that process”.

On his part, Head of Operations at Glovo, Ify Adah stated, “ By 2030, our goal is to have about half of our orders delivered by non-combustion vehicles. So, we are very excited and look forward to working with Swap Station, and supporting our couriers with cleaner and more cost-effective transport solutions.”

Swap Station is an integrated EV financing and battery charging infrastructure development company that has built a business-to-business-to-consumer (B2B2C) platform that provides access to electric 2-wheel and 3-wheel vehicles, swap station infrastructure, swappable batteries, and a hub for repairs and maintenance services to fleet owners, businesses, and users operating in the logistics and last mile connectivity in Nigeria.

Blackaion Capital is a West Africa focused infrastructure advisor, developer, and asset manager with offices in Lagos, Abuja, and Mauritius. Blackaion’s mission is to create exceptional long-term value for all stakeholders by developing and capitalising tech-enabled and climate-friendly infrastructure projects and companies.

FundCo is a specialised Alternative Asset Manager for sustainable infrastructure-related funds across critical economic sectors. These are selected industries providing essential services to the society, with domestic geographic diversity, have secure cash flows, are recession resilient, and ideally, offer some inflation protection. FundCo is duly registered with and licensed by Nigeria’s Securities and Exchange Commission (SEC) as a portfolio/fund manager in line with the SEC rules.

Agreement Signed for Deployment of Electric Motorbikes in Lagos

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VP SHETTIMA TO NISS COURSE 18: President Tinubu Acting Decisively To Frontally Address Nigeria’s Security Challenges

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VP SHETTIMA TO NISS COURSE 18: President Tinubu Acting Decisively To Frontally Address Nigeria’s Security Challenges

  • Says president determined to advance security establishment in the country and beyond

By: Our Reporter

The Vice President, Senator Kashim Shettima has said President Bola Ahmed Tinubu has remained steadfast in tackling security challenges in the country, and is acting quickly and decisively to frontally address the concerns.

According to him, the Tinubu administration is determined to support the security establishment in Nigeria and beyond to discharge their responsibilities to the nation.

The Vice President stated this on Tuesday when the faculty and participants of the Executive Intelligence Management Course (EIMC) 18 of the National Institute for Security Studies (NISS) visited him at the Presidential Villa, Abuja.

Led by the NISS Commandant, Mr Joseph Odama, representatives of the 78 participants were at the Presidential Villa to present the executive brief of their end-of-course report to the Vice President who received the report on behalf of President Bola Ahmed Tinubu.

Speaking on the significance of the programme, which had participants drawn from MDAs within Nigeria and beyond, the Vice President said he was impressed with the composition of the EIMC 18, noting that “the security of Africa is a collective responsibility of all stakeholders given the peculiarity of the situation.”

He said, “President Tinubu is working round the clock to address concerns in the security sector. It is absolutely essential that we fuse as one to address these issues and all hands must be on deck to salvage the situation.”

The highpoint of the occasion was the presentation of the report titled, “Non-state Actors in Security Management in Africa: Issues, Challenges and Prospects for Peace and Development” by representatives of the EIMC 18 participants.

Among recommendations made by the participants was the formal harmonisation and integration of a country-base security initiative as part of a broad strategy to strengthen the existing legal framework for peace and conflict resolution across Nigeria and Africa.

Earlier, the Commandant of the NISS, Joseph Odama, told the Vice President that the 18th edition of the flagship programme, EMIC 18 commenced on February 19, 2025, pointing out that it had “been a ten-month journey of intense intellectual discovery, strategic broadening and unparalleled professional fellowship.”

Noting that this year’s team was composed of 78 distinguished participants of the rank of Deputy Directors and above, Odama said they “were meticulously drawn from the military, para-military, law enforcement agencies and strategic ministries, departments and agencies of both federal and state governments.

“In significant testament to our pan-African mandate, we were privileged to host five African countries, which had earlier been mentioned. With the graduation of the AIMC 18, the institute has proudly graduated 1,130 strategic leaders.

“These are men and women who have been rigorously equipped to think critically and act decisively, as well as proffer innovative solutions to the most complex security and developmental challenges facing our nation and the continent at large.”

The Commandant expressed the institute’s deepest appreciation to President Tinubu and the Vice President for their visionary and pragmatic leadership, saying the Renewed Hope Agenda under the President’s stewardship was already manifesting in tangible progress across the nation.

VP SHETTIMA TO NISS COURSE 18: President Tinubu Acting Decisively To Frontally Address Nigeria’s Security Challenges

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Zulum assures FSTC Lassa of adequate security

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Zulum and Salau during the address to the staff and students of FSTC Lassa.

Zulum assures FSTC Lassa of adequate security

By: Bodunrin Kayode

Borno Governor Babagana Zulum has assured management of the Federal Science and technical College Lassa of adequate security for their existence as long as he remains chief security officer of the state.

Prof Zulum assured the management and students of an instant beef up of their security, to ensure that nobody will be endangered or exposed to being kidnapped by insurgents again.

The Governor noted that he will be providing the school with adequate security by deploying a fully equipped squad of civilian joint task forces (JTF) and vigilante to take care of their vigilance and security from now on.

The Governor who was in the school recently to feel their paulse after it was rebuilt from the last attack however urged them to be careful about the girl child admissions in the school obviously to discourage frequent abduction of girls by insurgents.

He suggested that boys other than girls should be hosted in the school’s dormitories for now for obvious reasons adding that he will surely look into the shortage of accommodation encountered by them as a long term fixer.

The Governor also assured that he Will provide more accommodation to teachers in the school adding that fencing will be addressed as soon as possible coupled with a new gate to secure the entrance.

On the need to recruit more teachers, the Governor directed that the Principal should screen some teachers he handpicked on the spot who will be enrolled by the Borno teachers board and posted to teach in their school.

This enrolment he stressed will take place based on the strict requirements of eleven key areas in line with the curriculum of technical schools and they would receive automatic employments from the state government.

On water supply to the school, Zulum assured that he will treat their demands for borehole, toilet and necessary water and sanitation (WASH) demands as priority for the kids

Earlier, the most senior teacher on ground and representative of the Principal Abubakar Salau said that since the last attack of the institution, confidence has been building up which is why they now have 230 students out of which 80 are girls and a total of 61 teaching and non teaching staff.

On Challenges, the Governor assured that the vigilante will be empowered to support the CJTF to secure the place.

“We will fix the fence where it has been damaged and I assure you that we will restore your gate accordingly to ensure all is safe.

“We need a gate to secure the students, more teachers in maths, metal and woodwork, chemistry and physics” teacher Salau had hinted.

Zulum assures FSTC Lassa of adequate security

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Nigeria’s Education Budget Jumps To ₦3.52trn Under President Tinubu

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Nigeria’s Education Budget Jumps To ₦3.52trn Under President Tinubu

** VP Shettima says out-of-school children pose national emergency, calls for private sector co-investment

By: Michael Mike

Nigeria’s education budget has jumped to ₦3.52 trillion in 2025 under President Bola Ahmed Tinubu’s administration, which is a significant increase from ₦1.54 trillion in 2023.

Vice President Kashim Shettima, who stated this in Tuesday in Abuja, said that the number of out-of-school children in the country constitutes a national emergency, calling for collaboration between government and private sector stakeholders to address the problem.

Represented by the Special Adviser to the President on General Duties (Office of the Vice President), Dr. Aliyu Modibo Umar at the opening of the 2025 Nigeria Education Forum in Abuja, VP Shettima noted that education spending under President Bola Ahmed Tinubu reflects the administration’s unwavering commitment to building an enlightened and globally competitive population.

The forum, organised by the Nigeria Governors’ Forum, the Federal Ministry of Education, and the Committee of States’ Commissioners of Education, focused on the theme “Pathways to Sustainable Education Financing: Developing a Synergy Between Town and Gown in Nigeria.”

Senator Shettima said, “Nothing threatens a civilisation more than an uneducated generation. Nations rise when the people, regardless of circumstance, are equipped with the knowledge to imagine a better future and the skills to build it.”

The Vice President emphasised that Nigeria has reached a critical inflection point where traditional government-only funding models can no longer sustain the country’s educational needs. He called for a fundamental shift toward collaborative, innovative, and resilient financing mechanisms.

In his words: “The burden cannot rest on government alone. We must enlist private sector actors, industry leaders, alumni networks, philanthropists, and communities to co-invest in laboratories, research centres, vocational hubs, innovation clusters, and endowment funds.”

VP Shettima detailed substantial increases across key education funding agencies under the President Tinubu administration’s Renewed Hope plan, where, for example, the Tertiary Education Trust Fund (TETFUND) budget grew from ₦320.3 billion in 2023 to ₦683.4 billion in 2024, and now stands at ₦1.6 trillion in 2025.

The Universal Basic Education Commission (UBEC) has distributed ₦92.4 billion in matching grants to 25 states and the Federal Capital Territory. Another ₦19 billion has supported teacher development across 32 states and the FCT, while ₦1.5 billion has reached more than 1,147 communities. Individual state UBE grants have increased from approximately ₦1.3 billion to over ₦3.3 billion, allowing states to access more than ₦6.6 billion through counterpart funding arrangements.

The newly created Nigerian Education Loan Fund (NELFUND), established under the Student Loans Act of 2024, has already disbursed ₦86.3 billion to over 450,000 students in 218 tertiary institutions nationwide.

According to the Vice President, “This Fund signals a new era where no Nigerian is denied tertiary education for lack of money.

“The learning crisis cannot be solved without safe and well-equipped schools, from basic classrooms to technical laboratories. Teachers must enjoy adequate training, welfare, and professional recognition if they are to deliver the outcomes our children deserve.”

He called for deliberate collaboration across federal, state, and local government levels, emphasising the importance of prompt counterpart funding, transparent utilisation of resources, and strict adherence to action plans.

“Since education begins in the community, local governments and traditional institutions must take responsibility for infrastructure development, school maintenance, security, and teacher welfare.

“We are here today because we do not treat education as just a line item in the national budget. We treat it as the foundation of our national identity, the engine of our economic transformation, and the shield of our collective security,” the Vice President said.

Nigeria’s Education Budget Jumps To ₦3.52trn Under President Tinubu

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