National News
FG Announces Plans To Formalize 1m Businesses At Discounted Rate
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
National News
Niger Tanker Explosion: VP Shettima Expresses Dismay Over Loss Of Lives
Niger Tanker Explosion: VP Shettima Expresses Dismay Over Loss Of Lives
By: Our Reporter
Vice President Kashim Shettima has expressed dismay at the devastating tanker explosion that claimed several lives at Dikko Junction in Niger State.
He commiserated with families of the victims, assuring them of the federal government’s commitment to preventing future occurrences.
The Vice President extended his heartfelt condolences to the bereaved families, as well as the government and people of Niger State.
The Vice President’s message follows President Bola Ahmed Tinubu’s earlier directive for immediate medical assistance to survivors and the implementation of stricter safety protocols along major highways.
The incident, which occurred when a fuel-laden tanker en route from Kaduna to Gwagwalada overturned at Dikko Junction, has prompted the federal government to announce a comprehensive review of transportation safety measures.
The Preident has also tasked the National Orientation Agency with launching an immediate nationwide awareness campaign on the dangers of approaching accident scenes involving fuel tankers.
Niger Tanker Explosion: VP Shettima Expresses Dismay Over Loss Of Lives
National News
German Ambassador, UNDP Country Rep unveil Zulum’s mass housing units, ICT centre
German Ambassador, UNDP Country Rep unveil Zulum’s mass housing units, ICT centre
By: Michael Mike
The Ambassador of Germany to Nigeria, Annet Gunther, and the resident representative of the United Nations Development Programme to Nigeria, Elsie Attafuah have unveiled two projects executed by the administration of Borno State Governor, Babagana Umara Zulum, in Monguno town.
While the German Ambassador unveiled resettlement houses for internally displaced persons (IDPs), Nigeria’s UNDP Country Representative conducted the commissioning of a 100-person capacity ICT centre to facilitate digital education.
The housing estate consists of 1,000 two-bedroom semi-detached low-cost houses and another 900 semi-permanent shelters with basic amenities such as a health centre and a borehole for water provision.
About 1,874 IDP families from 14 communities benefited from the housing project. Each of them received food and non-food items, N50,000 cash for the household heads and another N20,000 for each housewife.
In her goodwill message, Ambassador Annet Gunther commended Governor Zulum for the laudable projects that helped people affected by insurgency pick up the pieces of their lives.
She said: “This housing project is also a great example of collaboration between the government of Borno State and international partners. Funding for the housing units comes from both the state government and international partners.”
Elsie Attafuah corroborated Gunther’s commendation of Zulum’s administration, noting that the housing project aligns with UNDP’s regional stabilisation effort which is working towards peace restoration in communities in Lake Chad area.
Attafuah said: “Our collective effort in the Northeast and especially in Borno State is making tremendous impact in the lives of the people and the region: restoring hope, fostering social trust between the governments and the people, improving security, building back better, reducing incidence of sexual and gender-based violence (SGBV), increased socio-economic empowerment of the affected population, reinstate access to social services and rebuilding people’s confidence and resilience.
“To be specific, in the past year, our collective effort and partnership resulted in the construction of 25 social service facilities; 1,400 shelters comprising 500 housing units and 900 semi-permanent shelters; 500 housing units in Logomane; and nine (9) security and justice infrastructure. These facilities were accompanied with relevant social service infrastructures like water, green energy, recreation centres and markets. Livelihood and protection of SGBV were also a major component of the achievements: 4,000 (40% female) persons were empowered through cash grants, technical and vocational skills acquisition with start pack grants and agricultural inputs. To promote regional trade networks between Nigeria and her neighbouring countries, RSF programme with your funding and government assistance invested massively in border infrastructures including customs, immigration and police facilities and markets. The investment has helped to bolster economic stability, improve security and peaceful co-existence among the border towns.”
She added that: “To bolster achievements being recorded under RSF programme, and to ensure durable solutions to IDPs in critically affected communities, the UN Secretary General advanced an initiative on durable solutions to IDP issues in 15 pilot countries. Nigeria is one of them. This initiative complements the Borno Model, a creative development policy framework, designed for a sustainable peacebuilding and reintegration in Borno State. There is no doubt that effective integration and synergy of these development tools will result in sustainable peace, stability and development of Borno State and Northeast region.”
Governor Zulum, in his address, explained that while the German Government funded the construction of 500 permanent and another 900 semi-permanent shelters, Borno State Government constructed the remaining 500 houses and provided amenities such as a health centre and potable water among others.
“A Letter of Agreement (LOA) was signed between Borno State Government and UNDP in 2020 under the RS German initiative to start the construction of 500 housing units. In August 2023, another LOA was signed under RSF German reintegration funds aimed at completing the 500 permanent housing units, providing an additional 900 semi-permanent shelters, and installing 375 solar streetlights,” the governor said.
He added that in addition to these efforts, Borno State Government had also constructed 500 permanent housing units and provided toilets for the temporary shelters, bringing the total number of houses constructed to 1,900.
According to Zulum, these accommodations will play a crucial role in the voluntary decongestion and eventual closure of some IDP camps in Monguno, ensuring a smoother transition for resettling families.
The governor expressed gratitude to the Governments of Germany, the United Kingdom, Sweden, the Netherlands, Egypt and the European Union, among other donors for supporting Borno State.
“We extend our heartfelt gratitude to the Government of Germany for their generous contribution and to UNDP for their unwavering partnership.
“Additionally, we thank all other donors and contributors to the RSF, UN OFFER, and other funding initiatives dedicated to promoting peace, stability, reintegration and development in Borno State,” Zulum stated.
Dignitaries, including the Egyptian Ambassador to Nigeria, Mohammed Foud, Senator Mohammed Tahir Monguno, the Deputy Humanitarian Coordinator, Esty Sotyoko, the head of UNDP office, Maiduguri, Mathew Alao, community leaders and citizens, gathered to witness the commissioning ceremony.
German Ambassador, UNDP Country Rep unveil Zulum’s mass housing units, ICT centre
National News
VP Shettima’s Aide on Digital Media Congratulates Bundi over Appointment
VP Shettima’s Aide on Digital Media Congratulates Bundi over Appointment
By: Our Reporter
The Senior Special Assistant to the President on Digital Media and Emergency Management, Arc. Ishaq Ahmed Ningi, on Saturday paid a courtesy visit to the Government House in Maiduguri to congratulate Abdulrahman Ahmed Bundi on his recent appointment as the Senior Technical Assistant on Print and Digital Communications to the Governor of Borno State.
The visit highlighted the shared commitment to fostering collaboration between the federal and state governments in harnessing digital media for the betterment of the people.
During his remarks, Ningi expressed heartfelt appreciation for the warm reception and commended the leadership of Borno State Government for its unwavering dedication to public service. Reflecting on his relationship with Mr. Bundi, he remarked on their shared journey in digital communication, emphasizing Bundi’s expertise, creativity, and dedication to service.
Speaking on the importance of collaboration, Mr. Ningi stated, “Borno State has always been a shining example of how federal and state governments can work harmoniously for the greater good. His Excellency, Governor Babagana Umara Zulum, exemplifies this synergy by funding and supporting projects that transcend governmental boundaries. For us, the ultimate beneficiaries of every effort remain the resilient and hardworking people of Borno State.”
Mr. Ningi further noted that the recent challenges faced by the state, including insecurity, flooding and other humanitarian crises, call for innovative approaches and stronger collaboration. He extended his condolences to families affected by the recent tragedies and expressed solidarity with the people of Borno in their pursuit of peace and progress.
In paying tribute to the late Malam Isa Gusau, the former spokesperson of Borno State Government, Mr Ningi described him as a visionary whose contributions to public communication and governance will not be forgotten. “Mala
VP Shettima’s Aide on Digital Media Congratulates Bundi over Appointment
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