The Director-General of the Plateau State Agency for Micro, Small and Medium Enterprises Development (PLASMIDA), Hon. Bomkam Ali Wuyep, highlighting the agency’s recent youth training program, said it is part of a broader initiative to equip Plateau youths with the skills and resources needed for sustainable business growth.
Speaking on the graduation of 450 youths selected from the 17 local government areas of the state, Wuyep described the program as a milestone for participants, emphasizing the focus on financial literacy and digital skills. “We exposed them to models that are very relevant for business success,” he said, noting that the training aimed to help young entrepreneurs navigate challenges in the business world.
Wuyep stressed that the program was not limited to providing theoretical knowledge. He explained that participants were guided in developing bankable business plans and linked with financial institutions, including FCMB, to ensure access to affordable financing for scaling their businesses. “This category of trainees is not for nano-businesses with simple grants,” he said. “They have developed business plans which they will present to banks, ensuring sustainability and scalability.”
The initiative, organized by the Plateau State Microfinance Development Agency (PLASMIDA) in collaboration with the Plateau Youth Council (PYC), held its closing ceremony on October 15, 2025, at Eliel Centre, Jos. Themed “Plateau Youths Mastering Financial Literacy and Digital Skills for Business,” the program was supported by GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) and FCMB.
The DG also highlighted the agency’s broader efforts in human capital development, stating that PLASMIDA has organized similar trainings for other clusters and groups across the state. He said the agency continues to run coaching, mentoring, and financial interventions, including access to POS machines for selected participants, to further support youth entrepreneurship.
According to Wuyep, these interventions are aligned with Governor Caleb Mutfwang’s seven-pillar policy, particularly the pillar focusing on education and human capacity development. “His Excellency is committed to ensuring that the people of Plateau State become economically prosperous, and we are working to translate that vision into reality,” he said.
The Plateau Youth Council Chairman, Mr. Panan Gongden Dapar, earlier descried the training as “timely and transformative.” he stated that “This program comes at a time when many youths lack productive engagement,” the Council stated. “Training 450 young Plateau entrepreneurs on financial and digital literacy will undoubtedly impact the state’s economy in the years to come.”
The Plasmida DG concluded that the ultimate goal of the program is to reduce poverty, create employment, and foster sustainable economic growth, preparing youths to be business owners, noting that “businesses will not only survive but thrive here on the Plateau.” He noted that the recently created Plateau Job Center also serves as a resource hub for job seekers and entrepreneurs, promoting economic empowerment and development in Plateau State.
Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn’t slowing down.
The Silicon Valley stalwart has raised roughly $7 billion for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the firm calls its “expansion strategy” — essentially its late-stage investing arm, focused on the U.S. and Europe — and it’s nearly double Sequoia’s last comparable fund, a $3.4 billion vehicle raised in 2022.
That growth in fund size reflects something bigger: late-stage investing has taken on an entirely new meaning in the AI era. Companies can now scale at a speed and cost that would have been unimaginable a decade ago, and the firms backing them have to keep pace.
The money signals where Sequoia sees the future: deeply embedded in AI, from the giants building the underlying technology to the startups putting it to work. The firm has backed two of the most prominent players in the AI race — OpenAI originally and, more recently, Anthropic — both of which are reportedly eyeing public listings in 2026. The development that could mean a significant payday for the firm.
Sequoia isn’t only swinging for the foundational AI heavyweights, however. It has also placed bets on other buzzy startups, including Physical Intelligence, the Bay Area robotics startup, and Factory, which builds AI agents for enterprise engineering teams.
The fundraise is also the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.
More than three years after the emergence of generative AI, AI-assisted coding remains by far the most popular and lucrative use case for the technology.
Although multiple companies — including Anthropic, maker of Claude Code, as well as Cursor and Cognition — are already vying for dominance, investors believe there is room for at least one more player.
On Wednesday, Factory, a startup developing AI agents for enterprise engineering teams, announced it had raised $150 million at a $1.5 billion valuation. The round was led by Khosla Ventures, with participation from Sequoia Capital, Insight Partners, and Blackstone. Keith Rabois, a managing director at Khosla Ventures, joined the startup’s board.
Factory founder Matan Grinberg told the Wall Street Journal that the company’s key differentiator is its ability to switch between different foundation models, such as Anthropic’s Claude or Chinese AI startup DeepSeek. However, startups like Cursor also don’t rely on a single model to generate code.
Factory’s customers include engineering teams at Morgan Stanley, Ernst & Young, and Palo Alto Networks.
The startup was founded in 2023 after Grinberg, then a PhD student at UC Berkeley, cold-emailed Sequoia partner Shaun Maguire. The two bonded over mutual academic interest. (Maguire’s PhD from Caltech is in the same area of physics Grinberg was studying.)
Maguire convinced Grinberg to drop out and launch Factory, with Sequoia backing the startup at the seed stage.