Connect with us

News

STATE HOUSE PRESS RELEASE

Published

on

STATE HOUSE PRESS RELEASE

AT LAUNCH OF 3RD EXPANDED MSME CLINICS:

Ekiti Business Owners Get FG’s N150,000 Grant Each As Buffer

*As VP Shettima commissions ultra-modern fashion hub, projects 48,000 jobs annually

By: Our Reporter

Respite has come the way of small business owners in Ekiti State following President Bola Ahmed Tinubu’s directive that Micro, Small and Medium Enterprises (MSMEs) should be supported with a federal government grant of N150,000 each.

Vice President Kashim Shettima who disclosed this on Thursday when he launched the 3rd edition of the Expanded National MSMEs Clinic in Ado Ekiti, the Ekiti State capital, said the N150,000 was an outright grant that does not require beneficiaries to repay.

“I am pleased to share that Mr. President has directed me to ensure that all outstanding exhibiting MSMEs at the Clinic today receive a grant of 150,000 Naira each. This is an outright grant, and the beneficiaries will not need to repay it. We extend our gratitude to our partners for their unwavering support,” he declared.

The Expanded National MSME Clinics is one of federal government’s strategies for making it easier to do business in Nigeria through a series of business forums organised in different cities across the country to proffer on-the-spot solutions to challenges confronting MSMEs, with the first and second editions launched in Benue and Ogun States respectively earlier this year.

Earlier on arrival in Ado-Ekiti, the VP who was received by Governor Biodun Oyebanji, his wife and other top government functionaries, commissioned the Ekiti State Ultra-Modern Fashion and Garment Hub at Odua Textile Complex, Basiri, Ado Ekiti.

Senator Shettima and his entourage also inspected the Adire Ekiti Hub, a pet project of the first lady of Ekiti State.

Launching the third edition of the Expanded MSME Clinics at the Trade Fair Complex, Old Iyin Road in Ado Ekiti, the Vice President hinted at the initiative moving next to Borno and Enugu States, “before culminating in the National MSME Awards in FCT on June 27, 2024, to commemorate the United Nations World MSME Day”.

The VP noted that the only way the Tinubu administration is appealing “to the land of honor and integrity” is by ensuring the expansion of the labour market and supporting the required skills.

“Small businesses are the lifelines of communities across the nation and a strong pillar of stability during this critical phase of our economic transition. We cannot claim to have excelled in our interventions unless they remain our top priority. Our commitment to revitalizing the MSME sector ensures that these businesses continue to serve their essential buffering function,” he explained.

For the ultra-modern MSME Fashion Hub which he commissioned earlier, VP Shettima said while it competes ideally with others globally, the hub has the potential of creating an estimated 48,000 jobs annually.

Describing the hub as a significant milestone by the Tinubu administration to empower local industries, he stated: “It boasts the capacity to produce a wide range of fashion gear, including military uniforms, and rivals any facility in the world. Equipped with modern-day machinery and technology, this hub holds immense potential for job creation, with projections estimating an average of 48,000 jobs annually.

“We anticipate that this facility will be managed by a competent private sector entity, while both federal and state governments will maintain vigilant oversight over its operations. With over 300 pieces of cutting-edge equipment, this hub represents a significant milestone in our efforts to empower local industries”.

The Vice President however expressed regret that it would not be possible to commission the other MSME Clinic project, a fully equipped ICT hub in Erinmope, which is about 2 hours from the state capital, due to time constraint.

“However, the President has approved that His Excellency the Governor of Ekiti State, his team, Access Bank and BOI MDs, along with the SSA MSMEs and Job Creation to the President, facilitate the commissioning at the Governor’s earliest convenience. This hub will create an additional 10,000 jobs within the ICT space in the Erinmope area of Ekiti,” he noted.

The Vice President also disclosed that based on Governor Oyebanji’s request, President Tinubu has approved the establishment of another modern ICT facility in Ado Ekiti, a project he said “will be completed within 90 days from today (Thursday).

He conveyed President Tinubu’s gratitude to the government and people of Ekiti State for hosting the 3rd expanded National MSME Clinic under the Renewed Hope administration, describing it as a revitalization of the entire value chain of the nation’s MSME sub-sector.

In his remarks, Governor Oyebanji expressed gratitude to the VP for his wise counsel and support for his administration in the state, noting that President Tinubu had, indeed, been a father who has fulfilled all of his campaign promises.

He called on the political class in Ekiti to support his administration, noting that “it is only in unity that we can attract so much for the good of the our people.”

In his goodwill message, Senate Leader, Senator Opeyemi Bamidele commended the effective collaboration between the federal and state governments, culminating in the execution of the MSME focused projects.

He disclosed plans by his office to devote a portion of his constituency project funds in the coming year to support the development of MSMEs in the state.

On his part, the Minister of Solid Minerals, Mr Dele Alake, assured the people of the state that their welfare and wellbeing are being prioritized by the Tinubu administration.

He urged Ekiti people to support the federal government regardless of the prevailing conditions, assuring that the future is bright, as “Nigeria is going through the challenges of economic restructuring and socio-economic re-engineering”.

In her remarks, the state Commissioner for Investment, Trade, Industry and Cooperatives, Hon Omotayo Adeola, thanked the federal government for its relentless support to small businesses in the state which, according to her, birthed the first hub for garment makers in the state, among other related services.

Earlier, Vice President Shettima also inspected exhibition stands where products made in Ekiti State were on display by small businesses in the area.

During his visit to the Palace of the Ewi of Ado-Ekiti, HRM Oba Rufus Adeyemo Adejugbe, the VP described Ekiti as a land of honour, commending the royal father and his chiefs for maintaining the peace in their domain and immensely supporting the administration of President Tinubu at all times.

On his part, the paramount ruler of Ado-Ekiti thanked President Tinubu for his love for the people of Ekiti State manifested in the launch of the Expanded National MSME Clinics and commissioning of a fashion and garment hub for small businesses in the state.

Other dignitaries at the event include the state Deputy Governor, Chief Monisade Afuye, and the Permanent Secretary, State House, Engr Funsho Adebiyi.

STATE HOUSE PRESS RELEASE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Congo: 10,000 confirmed Ebola cases demands rapid scale-up – NRC

Published

on

Congo: 10,000 confirmed Ebola cases demands rapid scale-up – NRC

By: Our Reporter

Norwegian Refugee Council (NRC) calls for urgent scale-up as outbreak continues to outstrip humanitarian operation

The Democratic Republic of the Congo (DR Congo) has now confirmed more than 10,000 cases of Ebola in the current Bundibugyo virus outbreak.

“The outbreak has affected eight provinces in DR Congo, placing an enormous burden on affected communities. The epidemic is currently concentrated in eastern parts of the country, but recent cases in Kenya and Nigeria have raised fears of a regional flare-up. Almost five thousand deaths have now been confirmed in DR Congo alone.

“The outbreak comes on the backdrop of a chronic and neglected humanitarian crisis in eastern DR Congo. NRC has been operational in the country for over two decades, and is taking part in the Ebola response, including in the most affected province of Ituri. NRC urgently calls for sustained and coordinated efforts to protect communities, strengthen access to essential services, and address the needs of people affected by the outbreak and displacement.

“As I move around Ituri I’m seeing just how hard the disease is hitting communities, and I am struck by how much more needs to be done to bring this outbreak under control,” said Silvia Beccacece, NRC emergency team leader. “Families here have been struggling for years as a result of extreme violence, forced displacement, and the lack of essential services. Ebola comes on top of that, at a point where many have exhausted their ability to cope with the additional challenge it brings. The fact remains that this response is in no way proportionate to the vast scale of the outbreak.

“Combating Ebola requires close cooperation between health authorities, humanitarian organisations, community-based organisations, and international partners. It is essential that the response is scaled up in a way that keeps communities at the centre and is grounded in local customs and traditions. NRC calls on donors and partners to increase their support for humanitarian operations in the DR Congo, particularly in areas affected by the outbreak and displacement.

“10,000 confirmed cases must be a wake-up call that this response is not getting ahead of the outbreak, and is not supporting communities with what they need to bring transmission under control. The warning signs are here for all to see: now it depends on whether leaders will take notice and take the required action,” said Beccacece.

Congo: 10,000 confirmed Ebola cases demands rapid scale-up – NRC

Continue Reading

News

AFD, BOI Sign $30m Deal to Unlock Finance for Nigeria’s Creative Sector

Published

on

AFD, BOI Sign $30m Deal to Unlock Finance for Nigeria’s Creative Sector

…90% of facility reserved for small businesses, women and youth entrepreneurs targeted

By: Michael Mike

The French Development Agency (AFD) and the Bank of Industry (BOI) have signed a $30 million financing agreement to expand access to credit for Nigeria’s creative industry, with at least 90 per cent of the facility earmarked for micro, small and medium-sized enterprises (MSMEs).

The agreement, which includes a €500,000 technical assistance programme, is AFD’s first credit line dedicated to cultural and creative industries anywhere in the world, positioning Nigeria as the beneficiary of a financing initiative targeting one of the country’s emerging sources of jobs and economic diversification.

The facility, signed in Abuja during the visit of AFD Chief Executive Officer, Christophe Lecourtier, is designed to improve access to finance for businesses in fashion, design, textiles, music, film and audiovisual production, video games and visual arts.

Women-led and youth-led enterprises, as well as first-time borrowers, are among the priority beneficiaries of the programme, which seeks to address financing barriers that have constrained the growth of creative businesses.

The initiative comes as Nigeria’s cultural and creative industries account for approximately five per cent of the country’s Gross Domestic Product (GDP) and provide livelihoods for more than 4.2 million people.

Under the agreement, the BOI will deploy the credit facility to eligible businesses, while the technical assistance component will strengthen the bank’s capacity to finance the sector through staff training and the development of financial products tailored to the needs of creative enterprises.

The programme targets the training of at least 70 per cent of relevant BOI staff, alongside the development of specialised financing products to better serve businesses whose needs may differ from those of conventional industrial enterprises.

The agreement was signed by BOI Managing Director, Dr Olasupo Olusi, and Lecourtier, who represented AFD, reinforcing the longstanding partnership between the two institutions.

Beyond expanding access to credit, the initiative is expected to promote financial inclusion, support skilled employment and strengthen the contribution of the creative economy to Nigeria’s sustainable and inclusive growth.

Its focus on smaller businesses could prove particularly significant for entrepreneurs seeking to expand production, acquire equipment, develop new products or reach wider markets but who struggle to secure affordable financing.

The facility also aligns with the Federal Government’s Destination 2030 ambition for the creative sector, as Nigeria seeks to diversify its economy and harness industries capable of generating employment and business opportunities for its growing population.

The €500,000 technical assistance component is expected to complement the lending facility by improving BOI’s capacity to understand and meet the financing needs of creative businesses.

For AFD, the agreement represents an expansion of its development financing partnership with Nigeria, while the BOI is expected to use the facility to support enterprise development, job creation and economic diversification.

The two institutions said the programme would help remove financial and non-financial barriers to the development of Nigeria’s cultural and creative industries.

AFD, BOI Sign $30m Deal to Unlock Finance for Nigeria’s Creative Sector

Continue Reading

News

Family Seeks Fresh Probe into Missing Corpse at Anambra Hospital

Published

on

Family Seeks Fresh Probe into Missing Corpse at Anambra Hospital

By: Michael Mike

The family of a deceased engineer whose corpse allegedly disappeared from a mortuary in Anambra State has asked the Inspector-General of Police (IGP) to order a supplementary investigation into the incident, citing omissions and inconsistencies in the police report.

The family, through its lawyer, Mr Joseph Offor, said the investigation into the disappearance of Chukwunweike Okammelu’s body from the mortuary of Chukwuemeka Odumegwu Ojukwu Teaching Hospital, Amaku, Awka, had left critical questions unanswered.

In a letter dated July 6 and addressed to the IGP, Offor, counsel to Chief Osita Okammelu, urged the police chief to review the investigation and direct further inquiries into the circumstances surrounding the disappearance of the corpse.

The petition was also copied to the Deputy Inspector-General of Police in charge of the Force Criminal Investigation Department, Abuja.

Offor said the matter was referred to the IGP following the family’s complaint, after which it was assigned to the Intelligence Response Team (IRT) for investigation.

He said the IRT had concluded its investigation and issued a report, but his client identified material omissions, inconsistencies and investigative gaps that, he argued, undermined the completeness, fairness and credibility of the findings.

According to him, the report acknowledged the possibility of criminal conspiracy and systemic failures but recommended the prosecution of only the mortician, Mr Clement Ogbonna.

He further alleged that the report acknowledged that significant aspects of the investigation remained outstanding while simultaneously recommending immediate prosecution.

Offor said the findings also identified serious administrative and operational negligence without adequately investigating or recommending appropriate action against all persons who might bear criminal responsibility.

He added that the investigators relied on financial records, call data records and other documentary exhibits without making comprehensive findings from the evidence.

The lawyer said critical questions concerning the chain of custody of the corpse, the roles of other listed suspects, institutional responsibility and the circumstances surrounding the alleged unlawful release and disappearance of the body remained unresolved.

Following the disappearance, the family had reported the matter to the police and raised concerns about what it described as the unprofessional conduct and poor handling of the case by the hospital management.

Offor alleged that, rather than adequately addressing the incident, the hospital leadership relied on what the family described as “spurious narratives and falsehoods” attributed to the mortician.

“Our client has accordingly prepared a detailed analysis identifying these gaps and respectfully demonstrating why he believes the investigation requires further review,” he said.

He urged the IGP to direct a supplementary investigation, with particular attention to the issues outlined in a memorandum accompanying the petition.

“Our client firmly believes that a thorough and comprehensive investigation will ensure that truth is fully uncovered and that justice is done to all parties without fear or favour,” Offor said.

Family Seeks Fresh Probe into Missing Corpse at Anambra Hospital

Continue Reading

Trending

Verified by MonsterInsights