News
JUST IN: Tinubu Govt Announces Fresh Investment Funds For Startups
The Federal Government’s Investment in Digital and Creative Enterprises (iDICE) programme has unveiled plans to launch two additional funds in 2026 aimed at boosting Nigeria’s technology and creative
The initiative targets early-stage and growth-driven start-ups across the country.
The announcement was made as the iDICE Steering Committee, chaired by Vice President Kashim Shettima, confirmed the formal commencement of investments under the programme.
The milestone coincides with the successful $64 million first-round close of a new venture fund anchored by iDICE and managed by Ventures Platform, a leading pan-African seed-stage investor.
Ventures Platform was appointed Fund Manager for the technology component of iDICE in August 2025, following a competitive selection process supervised by the programme’s financing partners.
With the new capital, iDICE joins prominent institutional investors including the International Finance Corporation, Standard Bank of South Africa and British International Investment. The fund targets a final close of $75 million.
Vice President Shettima described the development as a major step toward unlocking the economic potential of young Nigerians.
The commencement of investing by iDICE is an exciting milestone and a leap forward in the determined efforts of the Government of Nigeria, under the leadership of His Excellency President Bola Ahmed Tinubu, to deliver on our vision of unleashing the full potential of Nigeria’s young people, in line with the Renewed Hope agenda,” he said.
Managing Director/CEO of the Bank of Industry, Dr Olasupo Olusi, said the investment strengthens the Federal Government’s commitment to scaling up the technology and creative sectors through strategic funding.
According to him, the partnership with Ventures Platform will “catalyse meaningful investments in high-growth, technology-enabled ventures and contribute significantly to Nigeria’s broader economic transformation, job creation and entrepreneurial empowerment.”
Founding Partner of Ventures Platform, Kola Aina, expressed optimism about the collaboration.
“We are delighted to have been selected as the iDICE Technology Fund Manager, partnering with the Federal Government and other key stakeholders to achieve our collective goal of supporting Nigeria’s young entrepreneurs and innovators to bring their ideas to life, creating deep value and transforming the country’s economy,” he said.
Beyond the technology fund, iDICE confirmed that two additional funding structures will be rolled out in 2026:
A Creative Sector Fund, designed to invest directly in creative industry start-ups.
A Fund of Funds, which will invest in smaller funds supporting technology and creative-sector ventures.
The three funding channels will complement the programme’s broader agenda around enterprise development, skills acquisition, policy reforms and access to blended finance.
Naija News understands that iDICE is a $617 million programme launched by the Federal Government to support Nigerians aged 15–35 through enterprise funding, digital skills training and ecosystem development across the tech and creative sectors.
The programme is backed by the African Development Bank, Islamic Development Bank and the French Development Agency, with the Bank of Industry serving as co-investor and implementing agency.
Since its inception in 2016, Ventures Platform has invested in over 90 African start-ups, including Paystack, Piggyvest, Moniepoint and LemFi.
The new investments mark a fresh phase in Nigeria’s push to build a globally competitive innovation ecosystem.
News
[JUST IN] Wike’s Assassination Plot: Police Take Action On Top Governor Fubara’s Ally; Nigerians React
The Nigeria Police Force, through the Intelligence Response Team (IRT), has finally invited Tammy Wenike Danagogo, former Secretary to the Rivers State Government (SSG), over the allegation that he was speaking in a leaked telephone conversation, discussing how to assassinate the Minister of the Federal Capital Territory (FCT), Nyesom Wike.
Danagogo is a top ally of Governor Siminalayi Fubara of Rivers. It was alleged that the governor’s ally was making the call with Tombari Joseph Gbeneol, a medical doctor and founder of Life Forte Chapel Church in Port Harcourt, the state capital.
In the leaked conversation, Danagogo and Gbeneol were said to have discussed how they could bring in an Israeli national to assassinate the minister of the FCT, and it ended with an alleged plan to urge Governor Fubara to fund the execution.
Last week, Benjamin Hundeyin, the public relations officer of the police, reportedly revealed the arrest of Gbeneol in a statement on Tuesday, January 6, where he disclosed that further information on the issue would be made available after the interrogation had been completed.
This is coming amid the heated political tension between Wike and his successor, Governor Siminalayi Fubara. Since the Christmas holiday, the two political leaders have been throwing banters at each other. The governor has been accused of ignoring the peace agreement he signed with President Bola Tinubu in 2025.
The news of the police invitation to Danagogo was shared by Lere Olayinka, a media aide to Wike. The development has started generating reactions from some Nigerians. Below are some of their reactions:
Olufemi Aluko described it as a joke:
“Once I saw Israel, I just started laughing. We’re not serious in this country. I just knew it had to be a joke.”
Seyi questioned: “Leaked conversation. Yeah. How many phone taps do the DSS actually have running?”
Dare called for a deeper investigation: “Has it got to this? This is barbaric. If found culpable, he should be made to face the law.”
Meenah condemned the development:
“Another shocking development. When close allies of a governor are linked to alleged assassination plots, it raises serious questions about leadership and accountability. Rivers State deserves leaders who unify, not ones whose associates spark fear and chaos.”
Read more reactions to the news from X here: /
Police Invite Fubara's Ex-SSG Tammy Danagogo Over Leaked Phone Conversation Plotting Wike’s Assassination
The Nigeria Police Force, through its Intelligence Response Team (IRT), has invited a former Secretary to the Rivers State Government (SSG), Tammy Wenike Danagogo, for…
— Lere Olayinka – Aresa 1 (@OlayinkaLere) January 12, 2026
News
BREAKING: Grief, Lamentation As 3 APC Chieftains Die
The ruling All Progressives Congress (APC) has lost three of its chieftains in Kogi to the cold hand of death. The APC chieftains are Alih Atabo, Onojah James Ignatius, and Jatto Onimisi Suleiman.
Kingsley Fanwo, the state’s commissioner for information and communication, announced their deaths in a statement in Lokoja, the state capital, on Monday, January 12.
According to Fanwo, the government and people of Kogi received the death of the APC chieftains with profound sorrow, describing them as distinguished sons of the state.
The statement reads in part: From breaking news to viral moments. “Hon. Onojah James Ignatius, Special Adviser to the Governor of Kogi State and former Chairman of Igalamela Local Government Area; Hon. Jatto Onimisi Suleiman, Senior Special Assistant to the Governor; and Alhaji Alih Atabo, APC Chairman of Anyigba Ward in Dekina Local Government Area.”
The Punch reported that Fanwo maintained that the deceased served the state and the APC with uncommon loyalty, dedication and commitment.
However, the state government did not disclose the causes of their deaths but conveyed Governor Ahmed Usman Ododo’s condolences to the family, friends, associates and the APC family in the state.
Nigerians have therefore reacted to the news of their deaths differently:
Adeyemi condemned Nigerians mocking the dead: “It is truly heartbreaking how many Nigerians have lost their humanity. When a fellow human being passes away, the only thing some people can do is mock them over petty political differences. It’s a disgrace. Death is inevitable for us all; those who are mocking the dead today should remember that they could be the victims tomorrow.”
Chiedozie Onyeke prayed for them: “God should have allowed them to enjoy Tinubu’s reforms small. May their souls rest in peace.”
Uzochukwu Agu O.G. made an unverified claim: “They were clogs in the wheel of Yahaya Bello’s Ambition. It is what it is. The next set of chieftains to replace them will unilaterally call for Yahaya Bello to run for Senate.”
Adams Azeez prayed for the deceased: “Whatever your politics, death is a reminder that power is temporary. May their souls rest in peace, and may their families find strength.”
Ajayi Ogidiolu demanded more clarity about their death: “When did they die? Died or killed? The information is not really clear.”
News
BREAKING: KWAM 1 Writes Ogun Govt, Accuses Fusengbuwa Ruling House of Plot to Exclude Him From Awujale Selection
Popular Fuji musician and Olori Omooba of Ijebu land, Alhaji Wasiu Ayinde Marshal, widely known as KWAM1, has written to Ogun State Governor, Dapo Abiodun, alleging that he is being deliberately sidelined from the ongoing process to select the next Awujale of Ijebu land.
Ayinde, in a petition dated January 8, 2026, accused the Fusengbuwa ruling house next in line to produce the monarch of taking actions that allegedly violate the Chieftaincy Declaration and the Obas and Chiefs Law of Ogun State. He claimed the moves were designed to disenfranchise him from contesting for the revered throne.
The letter, written on his behalf by his lawyer, Dr. Wahab Shittu, SAN, was addressed to Governor Abiodun and outlined what the Fuji star described as procedural irregularities in the selection process.
According to the petition, the contest for the Awujale stool has attracted over 60 aspirants, with Ayinde formally declaring his interest. However, the Fusengbuwa family has maintained that KWAM1 is not a member of the ruling house and is therefore ineligible to participate in the exercise.
Before writing to the governor, Ayinde had approached the Ogun State High Court sitting in Ijebu Ode, seeking an interim injunction to restrain Governor Abiodun and six others from continuing with the selection process. The court, however, dismissed the application, ruling that it lacked merit. The musician later withdrew the suit without publicly stating his reasons.
In his latest letter, Ayinde disclosed that the Ijebu Ode Local Government, via a letter dated January 6, 2026, signed by its Secretary, Oke Adebanjo, had approved the commencement of the selection process by the ruling house.
He expressed surprise that while members of the Fusengbuwa family were preparing for a general meeting, the family’s Public Relations Officer, Prince Adeleye Lateef Ademuyiwa, allegedly issued a notice directing aspirants to collect nomination forms and appear before a screening committee.
The screening committee, according to Ayinde, is chaired by Prince Alhaji Mitiu Adenuga. He further alleged that the directive fixed the nomination exercise for Monday, January 12, 2026, while also stating that the process would be conducted by delegates to be selected at a meeting scheduled for January 10, 2026.
Ayinde argued that the sequence of events was confusing, contradictory, and contrary to established laws guiding traditional chieftaincy matters in Ogun State.
As of the time of filing this report, neither the Ogun State Government nor the Fusengbuwa ruling house had officially responded to the allegations.
Lagos Reporters will continue to monitor developments surrounding the Awujale succession process and provide updates as the story unfolds.
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