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FG Announces Plans To Formalize 1m Businesses At Discounted Rate

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FG Announces Plans To Formalize 1m Businesses At Discounted Rate

  • As national MSME awards holds June 27
  • Tinubu bent on eliminating bottlenecks affecting the MSME space, Says VP Shettima

By: Our Reporter

The federal government has announced plans to formalize one million businesses across Nigeria at a discounted rate.

Vice President Kashim Shettima disclosed this on Tuesday when he launched the Expanded National MSME Clinic in Makurdi, the Benue State capital, marking the first stop on a nationwide journey to empower small and medium-sized businesses.

MSME Clinic, the first of its kind under the President Bola Ahmed Tinubu administration, aims to empower micro, small, and medium enterprises (MSMEs) by breaking down barriers and providing crucial resources.

Benue’s pioneership of the MSME Clinic sets the stage for a nationwide rollout scheduled to traverse Ebonyi, Ogun, Delta, Kaduna, Borno, Katsina States and the Federal Capital Territory (FCT) in a meticulously planned itinerary for the first half of 2024.

This will culminate in the National MSME Awards, a fitting celebration of entrepreneurial spirit coinciding with World MSME Day, on June 27, 2024 in Abuja.

Addressing a mammoth crowd of entrepreneurs and stakeholders at the Ibrahim Badamosi Babangida (IBB) square in Makurdi, VP Shettima emphasised the federal government’s commitment to creating a thriving MSME ecosystem.

He acknowledged the crucial role MSMEs play in job creation and economic development, even as he pledged government’s unwavering support to empower them.

“We have everything to guide your ambition,” Senator Shettima assured while delivering his speech titled, “Benue State: Nurturing Enterprises, Embracing Prosperity.”

Stating that his principal, President Tinubu, is committed to resolving the bottlenecks affecting the MSME space in Nigeria and will persist until these issues are resolved, the VP noted that the N75 billion loan scheme from Bank of Industry (BOI) and Access Bank’s discounted N50 billion fund offer is already in place as crucial financial support for entrepreneurs.

He said, “We currently have in place a N75 billion 9% single-digit loan from BOI. Additionally, Access Bank has made N50 billion of their fund available to MSMEs at a discounted rate of 15%, which could significantly increase based on loan performance. Mr. President is committed to resolving the bottlenecks affecting the MSME space in Nigeria and will persist until these issues are resolved.”

The Vice President hailed the state’s industrious spirit and entrepreneurial drive, describing it as a “beacon of inspiration” for the entire country.

“This clinic isn’t just about fulfilling President Tinubu’s promise,” declared Shettima, adding that “it’s a tribute to Benue’s unmatched work ethic and entrepreneurial drive.”

Lauding the state’s dedication to agriculture, art and commerce, he pointed out that “these stand as a testament to the remarkable productivity ingrained within the core of Benue State.

“Every business owner in Benue, whether in Makurdi or Otukpo, Gboko or Katsina-Ala, is a priority,” he added.

Senator Shettima also announced plans by President Tinubu for a world-class fashion hub in Makurdi, dedicated to the state’s thriving tailoring cluster which, according to him, is set to be operational within 90 days.

“Now, hear another piece of good news from Mr. President: His Excellency, President Bola Ahmed, has unveiled the plan to establish a world-class fashion hub in Makurdi for use by small businesses in the tailoring cluster in the state. This hub will be ready in 90 days,” the Vice President stated.

Earlier in his address, the state Governor, Rev. Fr. Hyacinth Alia, declared that Benue State is open for business, just as he emphasized the state’s commitment to supporting and empowering small and medium-sized businesses (MSMEs) as a key driver of economic growth.

The Governor highlighted the diverse range of MSMEs thriving in Benue, from organic food producers like Andor Global Foods to innovative motorcycle builders and traditional attire weavers.

He also celebrated Aorkwagh Farms’ work in regenerative farming and the “Made in Benue” brand’s creativity as examples of the state’s entrepreneurial spirit.

Governor Alia who lauded their contributions to local agriculture, healthy living and cultural heritage however acknowledged the challenges faced by MSMEs, including insecurity, regulatory hurdles, and access to finance.

He assured participants that his administration was actively tackling these issues by streamlining processes, removing bottlenecks and enacting laws against extortion, including “matching ground.”

Also, Benue State Commissioner for Industry, Trade and Investment, Mr Orpin Alumo, noted that the MSMEs Clinic will mark the turning around of Benue State, moving it from a civil service state to an industrial state.

Other dignitaries at the MSME Clinic Launch included Deputy Governor of Benue State, Barr. Sam Ode; Secretary to the Government of the Federation, Senator George Akume; Speaker of the Benue State House of Assembly, Mr. Aondona Dajoh; Chief Judge of Benue State, Justice Maurice Ikpambese; members of the National and State Assemblies, and members of the State Executive and Security Council, among others.

The Vice President was joined at the event by heads of key agencies, including Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Nigerian Export Promotion Council (NEPC), Bank of Agriculture (BOA), Bank of Industry (BOI), Nigerian Export-Import Bank (NEXIM), National Agency for Food and Drug Administration and Control (NAFDAC), Industrial Training Fund (ITF), Corporate Affairs Commission (CAC), Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), National Information Technology Development Agency (NITDA), Federal Inland Revenue Service (FIRS), Standard Organisation of Nigeria (SON) and National Sugar Development Council (NSDC).

The clinic also promises immediate access to working capital, formalization assistance through the CAC, and export guidance from NEPC. Agencies like NAFDAC and SON were present at the launch to facilitate product certification, while FIRS offers tax advisory services.

VP Visits IDP Camp, Promises More Humanitarian Aid, Skills Development

Meanwhile, Vice President Shettima took time in the state and visited the Ichwa IDP camp in Makurdi, offering solace and support to those displaced by conflict.

He met with families, listened to their stories of loss and displacement and assured them of President Tinubu’s unwavering commitment to their well-being.

The VP promised continued humanitarian aid, explored avenues for skills development and livelihood opportunities within the camp, pledging to expedite the process of safe resettlement.

FG Announces Plans To Formalize 1m Businesses At Discounted Rate

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IJAP Affirms INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent Reform Agenda

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IJAP Affirms INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent Reform Agenda

By: Michael Mike

The Independent Judicial Accountability Panel (IJAP), led by Hon. Justice Adekunle Owoade (Rtd) has commendsed the recent proactive statements made by the new Chairman of the Independent National Electoral Commission (INEC), Professor Joash Amupitan, SAN, regarding the need to end the era of endless court battles over election results.

IJAP noted that Professor Amupitan’s emphasis on the necessity for robust legal frameworks, genuine internal democracy within political parties, and his challenge that “Elections must be won at the polling units, not in the courtroom,” is a welcome and highly encouraging statement, stressing that this commitment perfectly aligns with the extensive recommendations developed through its rigorous analysis of post-election justice delivery in Nigeria.

A statement on Wednesday said IJAP’s position, articulated during its 3rd session (September 30 – October 3, 2025), is clear: the current fragility of our electoral process is deeply rooted in the lack of consistency with legal principles of fairness, equity, and compliance with the electoral legal framework.

“We strongly urge the new INEC leadership to immediately prioritise the following critical recommendations made by the Technical Working Group of the Citizens’ Led Engagement on Judicial Accountability in Post-Election Justice Delivery in Nigeria (CLEAP – Justice):

“Pre-election matters should be determined before the election to ensure fairness, prevent multiplicity of actions and enhance election administration.

“The levels of redress for pre-election matters should be reviewed as follows: House of Representatives, Senate, and Governorship elections should have two steps/levels ending at the Court of Appeal, while Presidential pre-election matters should start from Court of Appeal and end at the Supreme Court.

“Primaries not conducted in adherence to INEC regulations & guidelines should be invalidated. Stringent rules and sanctions should determine elevated electoral crimes, and parties should be prohibited from holding public office for five years in case of disqualification.

“INEC Regulations should be separated from the guidelines and gazetted.

“The punishment for electoral offences in the Electoral Act, 2022 (Electoral Act) should be revised to elevate serious offences to a level that disqualifies the political parties and/or candidates from elections.”

IJAP also acknowledged that several bills currently before the House of Representatives Committee on Constitutional Review align with the panel’s reform objectives, demonstrating legislative interest in addressing electoral flaws.

It added that notably, while some progress is reflected in the proposed Electoral Bill 2025, specifically the increase in fines for certain electoral offences, IJAP maintained that this measure is insufficient. The panel strongly reiterated its demand that any revised laws must include the automatic disqualification of candidates and political parties found guilty of serious electoral offences. IJAP emphasized that mere fines are inadequate as a deterrent, especially against deep-pocketed political actors, and that only the threat of direct exclusion can restore integrity to the electoral process.”

IJAP, also in the statement signed by Hon. Justice Adekunle Owoade (rtd), said: “Our independent assessment shows that one key to ending courtroom elections is that INEC should not be a statutory party in election petitions. Professor Amupitan has the unique opportunity to leverage the judiciary’s expertise, as envisioned by IJAP, to institutionalize these reforms. This is the moment for INEC to act decisively and cement its position as a truly independent umpire, safeguarding the will of the people expressed at the polling unit, not the whims of lawyers in the courtroom.”

IJAP Affirms INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent Reform Agenda

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Marwa: Challenge of Drug Scourge Remains Monumental, Needs More Work to Be Done

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Marwa: Challenge of Drug Scourge Remains Monumental, Needs More Work to Be Done

…Discloses 45,853 Arrests Made, 8.5m kilogrammes of Drugs Seized, 9,263 Convicted in 30 months

By: Michael Mike

The Chairman/Chief Executive Officer of National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Buba Marwa (rtd) has said the challenge of drug scourge in the country still remains monumental and as such there’s need for more work to be done.

Marwa, while disclosing that 45,853 arrested were made, 8.5 million kilogrammes of drugs seized, and 9,263 persons convicted in 30 months, commended officers of the agency for raising the momentum of the fight against substance abuse and illicit drug trafficking across the country in the past two and a half years of the administration of President Bola Tinubu.

The commendation was given on Wednesday by the Chairman/Chief Executive Officer of the agency, Brig. Gen. Buba Marwa (rtd) during a presentation of commendation letters and awards to 220 personnel for outstanding performance in the discharge of their duties and the decoration of 15 senior officers with new higher ranks.

In his remark at the event, Marwa said: “Today, we specifically recognize those who have gone above and beyond. We celebrate those who, despite facing immense danger and relentless temptation, chose the path of integrity, selflessness, and uncompromising adherence to our mandate.

“Your commitment to the renewed hope agenda of the administration of President Tinubu has yielded tremendous results in the past 30 months on our two major planks of drug demand reduction and drug supply reduction, leading to 45,853 arrests; seizure of over 8.5 million kilograms of assorted illicit drugs; and conviction of 9,263 offenders; with 26,613 drug users counselled and rehabilitated in our treatment facilities across the country, while a total of 9,848 War Against Drug Abuse (WADA) sensitisation activities were conducted in schools, work places, markets, motor parks, worship centres and communities among others within the same period.”

The anti-drug czar while noting that he has upheld the tradition of hosting the commendation and awards ceremony in the last four and a half years to appreciate and encourage officers, men and women who have distinguished themselves in the line of duty, said the challenge of the drug scourge still remains monumental and as such there’s need for more work to be done.

“Without mincing words, the challenge we face is monumental. Drug abuse, trafficking, and the associated criminal enterprises represent a direct and existential threat to the social fabric, economic stability, and national security of Nigeria. They fuel crime, corrupt our youth, and provide resources for terrorism and insurgency.

“But for every kilogramme of cocaine intercepted, for every clandestine laboratory dismantled, for every major drug kingpin apprehended, a critical blow is delivered to these criminal networks. These victories, are no doubt the direct result of your dedication.”

He said the reward system he established is to maintain the momentum and keep the workforce in optimal condition—both materially and mentally, while ensuring high morale. “This is why we uphold our tradition of rewarding key virtues: hard work, loyalty, sacrifice, integrity, commitment, honesty, courage, and obedience. In addition to the traditional incentives such as promotions, training, and others (which we continue to work towards), we introduced this reward system: the CCEO Commands Awards and Commendations. This has become one of the primary ways management expresses appreciation for the efforts of the NDLEA workforce.

“If anything, our faith in the reward system has been proven right. Over the past four and a half years, we have witnessed an improvement in both the individual and collective ethos of our workforce. However, let us not forget that each gathering to celebrate and honour our finest efforts serves as a reminder to all officers of this noble agency that there is still much work to be done.

“For decades, we lagged behind, constrained by a lack of resources and limited capacity. Now that we are gaining momentum with increased capacity, we must work to roll back the influence and dismantle the structures put in place by drug cartels, using the full force of the law. In carrying out your duties, it is essential to operate within the parameters of our SOPs. Adhering to these guidelines ensures your protection”, he charged.

He expressed appreciation to local and international partners for believing in the Agency and supporting its efforts. “I cannot proceed without thanking our media partners for their collaboration and partnership in supporting our efforts. I would also like to express our gratitude to UNODC, INL, the UK Border Force, the French government, and the Government of Germany for their invaluable contributions.

“At home, we owe a great deal of thanks to the Senate Committee on Narcotic Drugs and the House Committee on Drugs and Narcotics, who, particularly over the past years, have been immensely supportive and crucial to the growth of the NDLEA as an institution. “Similarly, we extend our gratitude to the Minister of Justice and the Attorney General of the Federation as well as the Judiciary as an arm of Government. We must also express our deepest thanks to the President, His Excellency Bola Ahmed Tinubu, GCFR. We are where we are today because of the unwavering support we have received from these institutions, and we are optimistic that this support will continue, enabling us to fulfil our mandate of making Nigeria a drug-free country. Finally, we thank Nigerians for embracing the reforms we’ve implemented and for continuing to be one of our strongest partners”, he added

Marwa: Challenge of Drug Scourge Remains Monumental, Needs More Work to Be Done

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Chief of Air Staff vows to build a fearless, intelligent and combat-ready Air Force

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Chief of Air Staff vows to build a fearless, intelligent and combat-ready Air Force

By: Zagazola Makama

The Chief of Air Staff, Air Vice Marshal Sunday Kyaoka Aneke, on Wednesday delivered a stirring and inspiring address before the Senate, declaring his unwavering commitment to build a “lethal, intelligent and combat-ready” Nigerian Air Force that will defend the nation with precision, discipline and purpose.

Speaking with rare candour and conviction, Aneke said his duty as Air Chief was not just a professional obligation, but a sacred covenant between the Air Force and the Nigerian people.

“As the Chief of the Air Staff, my duties are very clear, direct and simple to secure the lives, liberties and aspirations of Nigerians through the instrument of air power,” he said.

“This is not merely a professional mandate. It is a sacred trust between the Nigerian Air Force and the people we serve.”

Aneke, a battle-tested pilot and strategic thinker, told lawmakers that every decision he makes, every policy he drafts and every mission he authorises will be driven by a single objective to safeguard Nigeria’s sovereignty and preserve peace.

“Every decision I make will be guided by one purpose to protect our people and ensure that the Nigerian Air Force remains the shield of the nation,” he said.

He vowed to transform the Air Force into a force of speed, precision and intelligence capable of overwhelming threats before they emerge.

“If confirmed, I will dedicate myself to building a combat-ready Air Force one that is operationally versatile, disciplined and lethal,” he declared.

“I use the word lethal in a professional sense, because a man running from you will not have the time to sit down and plan. The Nigerian Air Force will respond swiftly, strike precisely and act intelligently across the full spectrum of military operations.”

Aneke said his vision was anchored on training, technology, safety and strategic innovation, noting that true military power is not measured by brute force but by superior intellect and adaptability.

“When you find yourself in a battle, it is not the strength you have that matters. It is the brain you have that solves the problem,” he said.
“We must use technology wisely and meet our adversaries with intelligence, not just strength.”

The Air Chief, known for his pragmatic leadership style, pledged to deepen inter-agency synergy, especially with the Navy and Army, to ensure unified and effective operations.

“I have served with the Navy and seen firsthand the challenges of joint operations. I will energise and strengthen collaboration among all the services. Together, we will fight as one force for one nation,” he said.

On the question of funding, Aneke offered a blunt but insightful reminder about the real cost of national security.

Aviation is a very expensive business,” he told the senators. You may hear N1.2 billion and think it is a lot, but in the aviation environment, that is like a spoon fetching from the ocean. To train one pilot or fire one missile costs tens of thousands of dollars and we do this every day.”

He appealed for sustained legislative support, insisting that national defence must never be compromised by budgetary hesitation.

“The Armed Forces is that part of government which you must spend money on and hope not to use,” he said.

“If you do not have it, you are a chicken waiting for the hawk. But if you have it, you can look anyone in the face and defend your country with pride.”

Drawing from his experience flying alongside top airmen in the United States and across the world, Aneke said Nigerian officers command respect globally for their professionalism, discipline and intellect.

“I have flown with Americans and officers from other nations. They respect us. A Nigerian is a proud person anywhere in the world all we need is support,” he said.

He concluded his address with an impassioned pledge to the nation:

“I will lead an Air Force that is fearless in the face of danger, relentless in the pursuit of excellence, and uncompromising in the defence of our homeland. We will make Nigeria proud.”

The Senate applauded Aneke’s vision, describing his words as both inspiring and reassuring a reflection of renewed determination within the Nigerian Air Force to defend the nation with courage, intelligence and strength.

Chief of Air Staff vows to build a fearless, intelligent and combat-ready Air Force

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