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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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Tinubu commends Buni over successful primaries in Yobe

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Tinubu commends Buni over successful primaries in Yobe

By: Yahaya Wakili

The President of the Federal Republic of Nigeria, President Ahmed Bola Tinubu GCFR, has commended Governor Mai Mala Buni CON of Yobe State and other stakeholders of the party for the successful primary election that produced Alhaji Baba Mallam Wali MNI as the party’s governorship candidate.

The President gave the commendation when he received Governor Buni and the APC gubernatorial candidate, Alhaji Baba Mallam Wali, MNI, at Aso Villa, Abuja.

President Tinubu expressed appreciation for the healthy political developments in Yobe State ahead of the forthcoming general elections.

The President described Governor Mai Mala Buni, CON, as a political strategist with invaluable strategies that have consistently contributed to the success of the All Progressives Congress (APC) and remain a worthy treasure for the party.

According to the president, “With Governor Buni at the helm of affairs, I have no doubt that Yobe State will always be delivered to the party.

“Yobe State is blessed to have a seasoned bureaucrat with a huge wealth of experience who has consistently been part of the system as the governorship candidate of the party,” President Tinubu said.

He said, “I am sure you will bring your wealth of experience to continue with the legacies of the Buni administration to add to the achievements in education, healthcare, road infrastructure, agriculture empowerment, and the rest,” President Tinubu told Baba Mallam Wali.

Governor Mai Mala Buni further described the candidate as fully prepared for the job and noted that he has been part of the system for a long time, and it will be continuity without wasting time.

He expressed the appreciation of the government and people of Yobe State for the support extended by the Tinubu-led federal government to the state to improve the lives of the people.

Tinubu commends Buni over successful primaries in Yobe

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Over 90% of Nigeria’s Inmates are State Offenders, Between 30-50% Shouldn’t Have Been Jailed – Tunji-Ojo

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Over 90% of Nigeria’s Inmates are State Offenders, Between 30-50% Shouldn’t Have Been Jailed – Tunji-Ojo

Reveals How FG freed over 4,000 inmates in one day, cut recidivism from 13,000 to 1,000

By: Michael Mike

The Federal Government has disclosed that 93 per cent of inmates in Nigeria’s custodial facilities are being held for state offences, with only seven per cent facing federal offences, even as it revealed that between 30 and 50 per cent of inmates may be serving time for offences that do not warrant imprisonment.

The Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure on Wednesday in Abuja at the Regional Conference on the Classification of Prisoners and the Use of Technology in Prisons in Africa.

The conference was jointly organised by the United Nations Office on Drugs and Crime (UNODC) and the African Correctional Services Association (ACSA).

Tunji-Ojo said the figures had exposed the need for a fundamental rethink of the way Nigeria and other African countries classify offenders and deploy imprisonment as a response to crime.

“93% of our inmates in Nigeria are state offenders. Only 7% are federal offenders. And of this 93%, I want to tell you before this president came on board, a lot of them were for minor offences that had no need for incarceration,” the minister said.

He said the Federal Government, upon his assumption of office, undertook an audit of inmates incarcerated over minor fines and compensation orders, a process that resulted in the release of more than 4,000 inmates.

“When I became minister, I called my permanent secretary, I called the Controller General of the Correctional Service, and I said, listen, give me the data, the record of people who are in correctional centres for fines and compensation of less than 500,000 or something. And guess what? Over 4,000 people,” he said.

According to the minister, the continued detention of such inmates was economically irrational, as the government spent far more feeding and maintaining them than the value of the fines or compensation involved.

“I said, what is the sense in this? Because I feed them in a year with more than 10 times of the fine. So how is the government benefiting?” he asked.

Tunji-Ojo said the government subsequently cleared the affected cases, resulting in the decongestion of correctional facilities by five per cent in a single day.

“And we were able to clear that, and in one day, we decongested our correctional centre by 5% in one day. In one day,” he said.

The minister said the experience raised a broader question about the rationale behind overcrowding in correctional facilities, insisting that the number of inmates alone should not be the only measure of the crisis.

“The question is this. Is your correctional centre rightfully overcrowded? That is the question. You have to look at those particular offences. You will realise that more than 30, 40, 50 percent are offences that do not warrant incarceration,” he said.

The disclosure comes against the background of Nigeria’s long-running prison congestion crisis. Correctional facilities across the country have for years struggled with overcrowding, placing enormous pressure on feeding, healthcare, security, rehabilitation and other essential services.

A significant proportion of the inmate population comprises persons awaiting trial. In many cases, detainees spend prolonged periods in custody before their cases are concluded, with some eventually discharged for lack of evidence or after spending periods in detention that exceed the sentences they might have received if convicted.

The situation has fuelled concerns over access to justice, the presumption of innocence and the impact of poverty on the criminal justice system, particularly where suspects are unable to meet bail conditions or secure effective legal representation.

The minister’s position suggests that the problem cannot be solved simply by constructing more prisons. Rather, it requires a more rigorous classification of inmates, faster trials and greater use of non-custodial measures for minor and non-violent offences.

Beyond decongestion, Tunji-Ojo said the Federal Government had also recorded significant progress in reducing recidivism through education, skills acquisition and rehabilitation.

He disclosed that the number of inmates returning to crime had fallen sharply from about 13,000 cases annually in 2023 to approximately 1,000 last year.

The minister attributed the improvement to increased access to education and vocational training within correctional facilities.

He said 62 inmates were currently pursuing postgraduate studies, while 261 were enrolled in undergraduate programmes. Another 1,125 inmates were participating in formal education.

He further disclosed that 18 National Open University of Nigeria centres had been established within correctional facilities, while 9,582 inmates were enrolled in vocational and non-formal rehabilitation programmes.

The figures, he said, reflected a deliberate shift in the philosophy of corrections from mere confinement to rehabilitation and reintegration.

Tunji-Ojo also said Nigeria had gone three consecutive years without recording a jailbreak or an attack on a correctional facility, attributing the achievement partly to improved data management and information sharing among security agencies.

He cited the case of an escaped inmate who was rearrested after attempting to obtain a Nigerian passport.

According to him, the inmate’s biometric information triggered an alert when he approached the Nigeria Immigration Service.

“Immediately he put his finger at the level of Nigeria Immigration Service to procure a passport. Immigration saw it immediately that he was an inmate. And immediately they reached out to Correctional Service and he was arrested right there,” the minister said.

He said the incident demonstrated the importance of integrating technology and biometric data across government agencies in strengthening national security and improving correctional administration.

The Controller-General of the Nigerian Correctional Service, Sylvester Nwakuche, said the country had continued to modernise its correctional system through reforms anchored on the Nigerian Correctional Service Act, 2019.

Nwakuche said the classification of inmates had become a strategic instrument for identifying risks, protecting vulnerable prisoners, deploying resources efficiently and delivering rehabilitation programmes tailored to the needs of individual inmates.

He said the proper classification of prisoners was essential to ensuring that inmates were not managed as a homogenous group, stressing that the risks, needs and rehabilitation requirements of a convicted violent offender could not be treated in the same manner as those of a low-risk or vulnerable inmate.

The Controller-General also said the integration of technology into correctional administration would improve record management, strengthen information sharing and enhance institutional accountability.

He noted that correctional institutions across Africa faced complex security and rehabilitation challenges that could not be solved by any single institution acting alone.

“No single correctional service possesses all the solutions to today’s security and rehabilitation challenges,” Nwakuche said.

He added: “We have a unique opportunity to exchange ideas, share practical experiences and collectively develop solutions that will strengthen correctional systems across Africa.”

The Abuja conference therefore provided a platform for African correctional authorities and international partners to examine how prisoner classification and technology could be deployed to improve prison management, enhance security and promote rehabilitation.

For Nigeria, the discussions are particularly significant as the country continues to confront the challenge of overcrowded custodial centres and a criminal justice system in which many suspects remain in detention for extended periods before trial.

The latest figures have also brought renewed attention to the relationship between federal and state justice systems. Although the Nigerian Correctional Service is a federal institution, the minister said 93 per cent of inmates were being held for state offences.

This means that the Federal Government is responsible for the custody, feeding, healthcare and rehabilitation of a large population of inmates whose alleged offences fall under state jurisdiction.

The revelation is likely to intensify calls for states to take greater responsibility for the administration of criminal justice, particularly by strengthening their courts, improving prosecution, expanding legal aid and ensuring that minor offenders are not unnecessarily committed to custodial facilities.

Legal and human rights advocates have long argued that the nation’s prison congestion crisis is not simply a problem of inadequate infrastructure. They maintain that unnecessary arrests, prolonged investigations, delayed trials, inability to meet bail conditions and the overuse of imprisonment for minor offences are major drivers of overcrowding.

The Federal Government’s experience of releasing more than 4,000 inmates in a single day over fines and compensation orders of less than about N500,000 has now provided a stark illustration of the problem.

The development also highlights the economic cost of unnecessary incarceration. As Tunji-Ojo pointed out, the cost of feeding and maintaining an inmate for a year could be many times higher than the fine or compensation that led to the person’s imprisonment in the first place.

The challenge before Nigeria, therefore, is to ensure that imprisonment is used for offenders whose incarceration is necessary to protect society, while non-custodial alternatives are deployed for minor offences and low-risk offenders.

The minister’s disclosure has consequently transformed the debate over prison congestion from a question of how many more custodial facilities Nigeria needs to a more fundamental question: how many people should be in prison in the first place?

With 93 per cent of inmates reportedly held for state offences, between 30 and 50 per cent allegedly serving sentences for offences that may not warrant incarceration, more than 4,000 inmates freed in one day and recidivism reportedly falling from about 13,000 to 1,000 cases annually, the Federal Government says the future of Nigeria’s correctional system must lie in smarter classification, technology-driven administration, rehabilitation and a justice system that reserves imprisonment for those who truly need to be behind bars.

Over 90% of Nigeria’s Inmates are State Offenders, Between 30-50% Shouldn’t Have Been Jailed – Tunji-Ojo

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Judge Weighs Recusal in IGP Contempt Case Over Missing Man as Police Stay Away

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Judge Weighs Recusal in IGP Contempt Case Over Missing Man as Police Stay Away

By: Michael Mike

Justice Binta Nyako of the Federal High Court in Abuja has deferred a decision on whether to continue presiding over contempt proceedings against the Inspector-General of Police (IGP), saying she is considering stepping aside because of her deep involvement in the case.

The contempt proceedings arise from allegations that the IGP failed to obey subsisting court orders directing the police to produce officers implicated in the disappearance of John Anozie and to present several case files linked to the matter. The court had also awarded N2 million in damages to Mr. Anozie’s wife, Nnenna Anozie.

At Monday’s proceedings, the IGP was not represented in court.

When the matter was called, counsel to Mrs. Anozie, Vincent Adodo, told the court that the applicant was ready to proceed with the application seeking to commit the IGP for contempt over the alleged non-compliance with the court’s orders.

Before the application could be argued, Justice Nyako disclosed that she had reflected extensively on the case and was contemplating transferring the contempt proceedings to another judge.

“I have been thinking about this matter, and I am of the opinion that I should send this case to one of my brother judges to take the contempt proceedings,” the judge said.

“I feel I have been so involved in the matter.”

However, Adodo urged the court to retain the case, stating that his client had confidence in the judge’s continued handling of the proceedings.

“We are comfortable with you handling the case, My Lord,” he said.

Justice Nyako said she would take one week to decide whether to continue hearing the contempt application or assign it to another judge.

The proceedings also revealed what appears to be a breakthrough in efforts to recover one of the missing police case files central to the dispute.

Adodo informed the court that the file had been located and temporarily released to his legal team for photocopying before it was returned to the respondents over two weeks ago.

“They have found the case file,” he said, adding that the only outstanding step was for the authorities to certify the document.

“The only thing they need to do is just to certify it,” he told the court.

Reacting, Justice Nyako remarked: “At least something is happening.”

Background

The case stems from the alleged abduction of John Anozie by operatives of the now-disbanded Special Anti-Robbery Squad (SARS) in Lagos in June 2017. His whereabouts have remained unknown since the incident, making the case one of the unresolved allegations of enforced disappearance linked to the former police unit.

The suit has become a test of police accountability and compliance with judicial orders. The pending contempt proceedings seek to determine whether the IGP should be sanctioned for allegedly failing to obey the court’s directives, with Justice Nyako expected next week to decide whether she will continue hearing the matter or transfer it to another judge.

Judge Weighs Recusal in IGP Contempt Case Over Missing Man as Police Stay Away

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