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Lagos Tech Hub Backed by Israel to be Opened in Lagos
Lagos Tech Hub Backed by Israel to be Opened in Lagos
By: Michael Mike
Lagos Tech Hub will soon be opened by Innov8, an Israeli backed technology innovative centre in the country.
Already Innov8 has been involved in building innovators across the country at its facilities in Abuja for some years now.
The Centre has selected no fewer than 40 start-ups (persons) for the fourth rounds of recruitment exercise to be trained and mentored on basics of in innovation.
Innovate8 is an Israeli sponsored technology hub which acts as a focal point for Innovation Start-up Incubation, Technology Transfer, Knowledge & Skill Impartation, Prototype Development and Fabrication.
The not-for-profit, non-governmental organisation , has a mandate to enhance socio-economic growth and human capital development in Nigeria and beyond; through innovation, creativity, entrepreneurship, capacity building and venture creation. As well as to inculcate the culture and instigate the process of innovation, creativity, entrepreneurship and venture creation.
The hub has worked with 132 innovators since its inception in the country.
Speaking on the next plan of the centre, the Israeli Deputy Foreign Minister, Sharren Miriam Haskel-Harpaz, disclosed that the initiative has been able to attract millions of dollars investment into the country.
Haskel-Harpaz said it is part of the efforts to build bridges and people to people connections across the globe.
The Deputy Minister while commending Nigerian youth for their creativity and resilience in the face of all odds, said: “And with the investment of the Tech Fund today that was announced, of a few more millions that were invested in this project, we are happy to announce that we are now opening this project for another 40 startups that will be able to apply now for a new programme and a new internship.
“And I invite the Nigerian brilliant and creative minds to apply to this programme. Where now instead of 20, we’ll have 40 startups that will be able to be chosen. Some of the top ones to make their dream come true.
“To learn the skills on how to develop it and how to produce what they want to advance humanity and to advance your country. I think that this is part of what we’re talking about. The relationship, the government to government, people to people.
“This is what’s building the bridges and strengthening the bonds. It’s important for me also to state and to mention, I’m very happy to come here.”
On the Direct Foreign Investment the initiative has been able to attract, the visiting Foreign Minister said Samsung has invested $250 million on one of the startups, while another one attracted $250,000.
“Yes, we got directly to Tetra, a project called FGCI, it’s $250,000. This is just one project with $250,000, just one of it. You were talking about the graduates. Yes, the graduates and how much investments they were able to bring in. Yes, the graduates, we put, for example, Samsung. Samsung, it’s worth $250 million.
“Samsung bought them. And how much did they invest in it? $250 million. $250 million. Just for another, just one graduate.
“ So I think this is how you need to see it. The investments that we put here in the internship and in teaching them on how to develop their product and how to market it and what comes next.
Three terms, okay, of 20 startups. Okay, now we’re opening the fourth one with the help of the Tetfund and the Minister of Communication. Another 40 startups, but just one that was bought by Samsung brought into this country $250 million, just one of them.
“So it’s remarkable and the sky’s the limit with what is, with innovation and with technology, with healthcare, recycling and building and fashion.”
On expanding the initiative to other part of the country, the Israeli Deputy Foreign Minister said plans are already on going to establish one in Lagos.
She said “So this is the negotiation with the Minister of Technology and Innovation. And we’ve been discussing it. This is a product that’s up and coming.”
Lagos Tech Hub Backed by Israel to be Opened in Lagos
News
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
By: Michael Mike
The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.
In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.
The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.
NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.
According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.
The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.
NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.
The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.
The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
News
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.
The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.
They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.
“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.
According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.
“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.
They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
News
Troops neutralise bandit, recover arms in Plateau raid
Troops neutralise bandit, recover arms in Plateau raid
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.
Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.
“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.
The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.
The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.
Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.
Troops neutralise bandit, recover arms in Plateau raid
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