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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.
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What Ex- Officer Should Instead Of Seeking Help
The Senior Special Assistant on Public Communications and Social Media to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, Lere Olayinka, has explained the cause of the face-off between his principal and some military officers allegedly involved in land grabbing.
Naija News reports that Wike and some military personnel were involved in a face-off on Tuesday, after the Minister was denied access to the land in contention.
However, during an interview on Channels Television’s Sunrise Daily on Wednesday, Olayinka disclosed that the owner of the land, former Chief of Naval Staff Vice Admiral, Awal Gambo, was scammed by the company that had originally allocated the land.
According to him, the former Naval Staff Vice Admiral, instead of seeking help to resolve the land dispute, resorted to using military force.
He said, “That particular land was allocated to a company in 2007, Santos Estate Limited for park and recreation. The company did not do anything on the land because that place is a parkway, is a walkway, is a road corridor. You don’t build there.
“Then in 2022, the company wrote to the FCTA, the Minister I want approval from you to convert the purpose to commercial, from park, to build park. You know what park is? Not permanent structures. Probably in anticipation of the Minister’s approval for conversion.
“The man decided to partition the land allocated to him for park and recreation, he now partitioned the land and sold to people including the former chief of Naval Staff.
And that is why I want to say here that the former Chief of Naval Staff was scammed, he was scammed. And he has realized that he was scammed. Instead of him to now come out and seek help, he resorted to use military might.
“Now, in 2022, the Minister of FCT declined that request. Did not grant the request for change of land use made by that company. That is where it ended. But he had already sold the land to people. Giving them the impression that the land use will change.”
Olayinka also faulted the military officer who denied Wike access, claiming that he was obeying orders.
He said, “I saw the military officer yesterday telling us that he was acting on order, and I’ve also read online that a military man should obey the last order. And I’ve asked myself, which order? Like the Minister also asked yesterday which order?
“You obeyed the last order, yes but that order has to be lawful, the order has to be reasonable. For instance, if I am a military officer and my superior gives me an order to go and shoot somebody, or let’s say my boss gives me an order to go and rape my daughter, will I obey the order because the order is coming from my superior?
“Or because somebody is dragging a girlfriend with my superior and that superior now sees this person dragging girlfriend with him walking on the street, and he says, shoot this person, because it is an order, I should obey it.
A military man should go and mount guard in a public building under construction, that is the issue here. Building under construction, military men that was reposted to the former Chief of Naval Staff, Vice Admiral Awal Gambo, as his personal security detail, to secure him, to guard him, to protect him. He now chose to make himself vulnerable and send those people on that errand.
“It’s like somebody now there, I have security to protect me. And I now choose to send them to go and be protecting my property that is under construction. I don’t seem to get it.”
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Military Coup: DSS Files Fresh Charges Against Nigerian
The Department of State Services (DSS) has filed a six-count charge against Innocent Chukwuemeka Onukwume for allegedly advocating for a military coup in the country.
Naija News reports that the DSS, in the charge, filed before the Federal High Court in Abujja, marked: FHC/ABJ/CR/610/2025, said Onukwume, of Umusayo Layout, Oyigbo LGA of Rivers State, allegedly committed the offence in October 2025.
In the charge filed on Tuesday, the DSS stated that by his conduct, Onukwume committed offences contrary to and punishable under Sections 46 A (1) and 59 (1) of the Criminal Code Act.
According to Zagazola Makama, Onukwume would be arraigned before the end of the week.
Some counts in the charge read:
“That you, Innocent Chukwuemeka Onukwume, male, 27 years old of Umusayo Layout, Oyigbo LGA of Rivers State, sometimes in October, 2025 having the intent to cause fear and alarm to the public or to disturbing the public peace, posted a message calling for a coup in Nigeria on your social media account to wit: your verified X account (@theagroman), by which you published the following words: “A coup in Nigeria is needed. Dispose of APC, suspend the Nigeria government and join the AES. That is all we need now.’ You thereby committed an offence punishable under section 59 (1) of the Criminal Code Act, Cap 77, Laws of the Federation of Nigeria, 2004.
That you, Innocent Chukwuemeka Onukwume, male, 27 years old of Umusayo Layout, Oyigbo LGA of Rivers State, on or about 15th day of October, 2025 and within the jurisdiction of this honorable court, with intent to cause annoyance, inconvenience, danger, obstruction, insult, enmity, criminal intimidation, hatred, ill will or needless anxiety, against the government of the Federal Republic of Nigeria, knowingly and intentionally posted a message on the social media via your verified account, to wit: your verified X account (@theagroman), by which you published the following words: ‘It will happen eventually, Nigerian. The military needs your support now! Only them can save this country. The bastard in Aso Rock has basically sold this country to the West and they run our intelligence apparatus only the military can reset this country.’ You thereby committed an offence Contrary to Section 24 (1) (b) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2024 (As Amended).
That you, Innocent Chukwuemeka Onukwume, male, 27 years old of Umusayo Layout, Oyigbo LGA of Rivers State, on or about 15th day of October, 2025 and within the jurisdiction of this honorable court, with intent to cause annoyance, inconvenience, danger, obstruction, insult, enmity, criminal intimidation, hatred, ill will, or needless anxiety, against the government of the Federal Republic of Nigeria, knowingly and intentionally posted a message on the social media via your verified account, to wit: your verified X account| (@theagroman), by which you published the following words: “Tinubu has to go and APC has to die for Nigeria to have any semblance of normal life. And if you think your stupid, votes can remove Tinubu. I’m here to tell you that you’re a fool.’ You thereby committed an offence Contrary to Section 24 (1) (b) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2024 (As Amended).
That you, Innocent Chukwuemeka Onukwume, male, 27years old of Umusayo Layout, Oyigbo LGA of Rivers State, on or about 15th day of October, 2025 and within the jurisdiction of this honorable court, with intent to cause annoyance, inconvenience, danger, obstruction, insult, enmity, criminal intimidation, hatred, ill will, or needless anxiety, against the government of the Federal Republic of Nigeria, knowingly and intentionally posted a message on the social media via your. verified account, to wit: your verified X account (@theagroman), by which you published the following words: “A coup in Nigeria is needed. Dispose of APC, suspend the Nigeria Government and join the AES. That is all we need now.’ You thereby committed an offence Contrary to Section 24 (1) (b) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2024 (As Amended).”
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‘Wike Has Disgraced Public Office’ – CSO Knocks FCT Minister Over Clash With Soldiers
A Civil Society Group has slammed the Minister of the Federal Capital Territory (FCT), Nyesom Wike, over his altercation with a military officer over the demolition of a property belonging to an ex-Chief of Naval Staff.
Naija News reports that the Executive Director of the Civil Society Legislative Advocacy Centre (CISLAC), Auwal Musa Rafsanjani, in an interview with the Daily Trust, asserted that Wike, through his conduct, disgraced public office.
Rafsanjani stated that Wike’s actions portray governance in a negative light and could erode public confidence in government institutions.
He said, “I think Wike has disgraced public office. You cannot come and be doing thuggery as a public official. There should be a civilized way of handling things.
In my opinion, what Wike has done by insulting a Nigerian Army officer is very disrespectful. To be seizing land; I don’t think that is what the president has assigned him to do. We are calling on the president to seriously caution Wike for his behavior because he is ruining the reputation of the office of a minister.
“This is not how to govern. We have had several ministers in Abuja; nobody has done this kind of thing. You can do things in a very civilized way.”
Rafsanjani also referenced allegations by Senator Ireti Kingibe and others that Wike had been reallocating lands to cronies.
According to the civil society advocate, the Minister’s behaviour was unacceptable and called on President Bola Tinubu to caution him.
He added, “Seizing people’s land that they acquired legitimately and allocating it to your own friends, as alleged by the FCT Senator and others, is not good for the government. Therefore, we are calling on Mr. President to caution Wike. The way and manner he carries out his duties is not promoting the good work of the government or the Presidency.
“This work should be done with civility and due process. You cannot come and be doing this garagara to the extent of insulting Army officers who were instructed to be there. They didn’t go by themselves, and they told him that.”
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