Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Road Construction, Excavation Result in 5,000 Fibre Cuts in 6 Months ~ Says NCC 

    August 12, 2026

    CBN Softens Borrowing Rules for Banks Trading FX, Government Securities

    August 12, 2026

    Adeleke Announces Friday as Work-free Day for Osun Workers

    August 12, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Adeleke Announces Friday as Work-free Day for Osun Workers

      August 12, 2026

      Fadahunsi Denies Controversial Viral Comment ~ Kill Accord

      August 11, 2026

      ‎Davido Questions Osun Senator Over Order to Kill  Accord Party Members

      August 11, 2026

      INEC Declares Tuesday Deadline for Candidate Submissions

      August 9, 2026

      INEC’s Credentials Publication Calls For Fresh Debate Over Tinubu’s School Results

      August 3, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment August 12, 2026

      Davido Will Headline ‘Davido & Friends’ Concert In London

      Recent

      Davido Will Headline ‘Davido & Friends’ Concert In London

      August 12, 2026

      Funke Akindele Introduces Star Cast for Upcoming Movie ‘The Four’

      August 11, 2026

      Mo Abudu Announces Opening UK’s First-ever Cinema Hub for African, Black films

      August 11, 2026
    • Business

      Tinubu Approves Fresh Framework to Unlock $50bn Deep Offshore Investments

      August 12, 2026

      Association of Movie Producers of Nigeria Engages Bank of Industry MD on IP-Based Loan Access, Honours Him with Award and Patronage

      August 9, 2026

      BUA Foods Posts N292bn as H1 Profit Despite Revenue Decline

      July 31, 2026

      Viral N2.5m Monthly Corn Business Earning Dismissed From Source

      July 8, 2026

      Consumer Credit Falls to N3.03tn, Shortage of N780bn Caused by High Rates

      June 30, 2026
    • Health

      LAWMA Assures Residents of Plan to Evacuate Refuse Heaps in Lagos

      July 29, 2026

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026

      Ebola outbreak in Congo kills at least 80, spreads concern to Uganda

      May 17, 2026
    • Culture

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026

      FCMB Commends Ojude Oba’s Role In Strengthening Culture And Economy

      May 26, 2026
    • Lifestyle

      Five Years On, Okunbo’s Children Carry Forward a Legacy of Family and Service

      August 12, 2026

      When Leadership Speaks: How Public Communication Shapes Economic Confidence

      August 9, 2026

      Peller-Jarvis Presents White Wedding Photos Online

      August 9, 2026

      Benin Writers Society Explores The Theme Of Trust In Its Monthly Poetry Play Ground

      August 5, 2026

      King Ochacho Calls Peller’s ₦400m Mansion Gift ₦400-Worth, Small Money

      August 4, 2026
    • Sports

      Ronaldo Sends Message of ‘… Leo, stay strong’ to Messi Following Father’s Death

      August 12, 2026

      WAFCON 2026: Nigeria Referee, Akintoye To Rule Algeria-Malawi Semi-Final

      August 12, 2026

      In Private Ceremony, Cristiano Ronaldo Marries Longtime Partner Georgina Rodriguez 

      August 12, 2026

      Oshoala Speaks For Falcons, Says World Cup Ticket Worth Fight

      August 12, 2026

      Approximately, 700 Athletes Will Compete for Dynamic Athletics Meet in Lagos, Nigeria 

      August 12, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » FG Partners World Bank to Benefit 24,000 Nigerians Through Launch of $65m SPESSE Funding 
    News

    FG Partners World Bank to Benefit 24,000 Nigerians Through Launch of $65m SPESSE Funding 

    Ifetayo AdeniyiBy Ifetayo AdeniyiMay 13, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Elegbede Abiodun

    The Federal Government and the World Bank in partnership have introduced a fresh $65 million funding phase of the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project aimed at benefiting more than 24,000 Nigerians through professional training and institutional capacity development.

    The initiative, coordinated by the National Universities Commission, is designed to boost procurement systems, environmental management and social standards across public and private institutions, while promoting transparency, accountability and sustainable development practices nationwide.

    Executive Secretary of the Commission, Abdullahi Ribadu, disclosed this in Abuja during the signing of performance contracts for the additional SPESSE financing. He explained that the intervention builds on the gains of the initial $80 million SPESSE project, which became effective in 2021.

    According to Ribadu, the programme has significantly improved institutional frameworks and developed professional expertise in key governance sectors. He noted that the initiative was introduced to address the shortage of qualified professionals in procurement, environmental management and social standards within both public and private institutions.

    He said: “With the support of the World Bank and under the coordination of the NUC, six centres of excellence were established across the six geopolitical zones to provide sustainable capacity building in these critical sectors.”

    Ribadu stated that the participating universities were selected through a transparent and competitive process based on institutional readiness, quality assurance and sustainability.

    He added that the institutions have continued to produce skilled manpower capable of advancing transparency, environmental responsibility and inclusive national development.

    He described the contract signing ceremony as a renewed commitment to accountability, sustainability and institutional excellence, noting that the centres have recorded major achievements, including the introduction of specialised academic programmes ranging from short courses to undergraduate and postgraduate degrees.

    The NUC boss further disclosed that three of the six centres have already commenced PhD programmes, while the remaining centres are expected to begin by July 2026.

    He added that under the new funding phase, the Commission targets at least 60 PhD graduates, enrolment of 60 foreign students, staff internships and expanded student exchange programmes with international institutions.

    Also speaking, the Director-General of the Bureau of Public Procurement, Adebowale Adedokun, said the project has so far trained more than 2,700 officers from both the public and private sectors to improve procurement competence nationwide.

    He said the next phase would support the rollout of Nigeria’s electronic procurement system and expand online capacity-building programmes for policymakers and small and medium-scale enterprises involved in managing public funds.

    On his part, the World Bank Task Team Leader for SPESSE, Ishtiak Siddique, revealed that more than 40,000 participants had benefited from training under the original project, with over 4,000 certified in procurement, environmental and social standards.

    Siddique said the additional funding would focus on strengthening the capacity of federal, state and local government agencies to improve development outcomes and service delivery, stressing that sustainability remained central to ensuring continuity beyond donor support.

    For her part, the Vice-Chancellor, University of Lagos, Prof. Folasade Ogunsola, reaffirmed the institution’s commitment to advancing professional capacity development under the SPESSE framework through postgraduate training, institutional ownership and international collaborations.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleSEC Says AI, Data Will Power Nigeria’s Next Investment Revolution
    Next Article Femi Otedola Buys Additional First HoldCo Shares Worth Over ₦43 Billion
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News August 12, 2026

    Road Construction, Excavation Result in 5,000 Fibre Cuts in 6 Months ~ Says NCC 

    News August 12, 2026

    Adeleke Announces Friday as Work-free Day for Osun Workers

    News August 12, 2026

    Five Years On, Okunbo’s Children Carry Forward a Legacy of Family and Service

    News August 12, 2026

    NIPSS And Art Ministry Collaborate To Drive $1trn Economy By 2030

    News August 12, 2026

    3RD DELTA STATE SDGs SUMMER CAMP: CHILDREN EXPERIENCE LEADERSHIP, GOVERNANCE AND SUSTAINABLE DEVELOPMENT IN ACTION

    News August 12, 2026

    Tinubu Approves Fresh Framework to Unlock $50bn Deep Offshore Investments

    Leave A Reply Cancel Reply

    Don't Miss
    News August 12, 2026

    Road Construction, Excavation Result in 5,000 Fibre Cuts in 6 Months ~ Says NCC 

    The Nigerian Communications Commission (NCC) has disclosed that more than 5,000 fibre-optic cable cuts were…

    CBN Softens Borrowing Rules for Banks Trading FX, Government Securities

    August 12, 2026

    Adeleke Announces Friday as Work-free Day for Osun Workers

    August 12, 2026

    Ronaldo Sends Message of ‘… Leo, stay strong’ to Messi Following Father’s Death

    August 12, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Prophet Joshua Iginla Buries Mother In Grandstyle As Ooni Of Ife, Wife, Top Dignitaries Storm Ekiti

    October 31, 2021

    Active Movie Producers And Marketers Association of Nigeria (AMPMAN)

    November 16, 2021

    17th Edition of Prestigious Honorary African Leadership People’s Heritage Gold Awards

    November 16, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.