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FG disburses N1.3 Billion to support nano- businesses in Borno

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FG disburses N1.3 Billion to support nano- businesses in Borno

By: Our Reporter

The Federal Government, under the Presidential Conditional Grant Scheme (PCGS), has disbursed ₦1.322 billion to bolster nano-businesses in Borno State.

NAN report that the initiative was part of interventions following the removal of fuel subsidy, has directly benefitted 26,540 small-scale entrepreneurs across the state’s 27 local government areas.

Borno Governor Babagana Zulum, disclosed this on Friday at Federal Government town hall meeting on loan and grant scheme in Maiduguri on Friday.

Zulum represented by Dr. Abubakar Muhammed, Permanent Secretary Establishment and Service Matters, said that the grants, facilitated by the Bank of Industry in collaboration with the Borno State Government.

He said that the scheme aim to empower traders, artisans, ICT operators, food service providers, and transporters with ₦50,000 each to enhance their operations.

He explained that the disbursement in Borno State represents a critical component of the Federal Government’s commitment to supporting local economies and vulnerable groups.

“With a total of 810,945 beneficiaries nationwide, the program ensures that Borno’s entrepreneurs receive the necessary support to thrive in challenging economic times.

According to him, the PCGS initiative in Borno is expected to boost small businesses, create employment opportunities, and contribute to the overall economic recovery of the state, which continues to rebuild in the aftermath of insurgency and other challenges.

Mr Muktar Musa, State Manager of the Banki of Industry Maiduguri, said that Federal Government has disbursed over ₦40 billion from the approved ₦50 billion to support nano businesses across the 774 local government areas in Nigeria.

Musa said that the scheme, introduced as part of interventions following the removal of fuel subsidy, targets one million beneficiaries.

The PCGS, implemented in collaboration with state governments and facilitated by the Bank of Industry, aims to uplift traders, ICT operators, food service providers, transporters, and artisans with ₦50,000 grants per beneficiary.

While highlighting the progress of the scheme, he noted that North West states received the highest disbursement of ₦10 billion, followed by North Central with ₦6.6 billion, and North East with ₦5.9 billion. South East benefitted from ₦4.8 billion, while other zones are awaiting final reports.

He said that a breakdown of the disbursements reveals that 70% of the beneficiaries are women and youth, with a deliberate focus on empowering these demographics.

“Additionally, 10% of the funds have gone to persons with disabilities, 5% to senior citizens (primarily pensioners), and 15% to other demographic groups, ensuring an inclusive approach.

“As of now, 810,945 beneficiaries have been supported across the country, leaving approximately ₦10 billion to be disbursed.

“This intervention, part of a nationwide initiative to cushion the effects of fuel subsidy removal, has benefitted 26,540 small-scale entrepreneurs across the state’s 27 local government areas,”he said.

“It also underscores the Federal Government’s commitment to supporting local economies and vulnerable groups in the aftermath of subsidy removal.

“In the South-East region, 96,000 beneficiaries across 95 local governments have received grants, while the South-South recorded over 117,000 beneficiaries in 123 local governments. The South-West saw over 146,000 beneficiaries across 137 local governments.

“In Borno State, the initiative has provided critical support to various sectors, including traders, artisans, ICT operators, food service providers, and transporters.

“Beneficiaries received grants of ₦50,000 each, with the disbursements facilitated by the Bank of Industry in collaboration with state governments,”he said.

He noted that the PCGS was expected to bolster economic activities in targeted sectors, providing a cushion for nano businesses and vulnerable groups in the aftermath of the subsidy removal.

According to him, the beneficiaries were selected based on criteria such as possession of a BVN, NIN, and evidence of business premises.

He praised the seamless execution of the scheme attributed to collaboration with the National Assembly and other critical stakeholders.

FG disburses N1.3 Billion to support nano- businesses in Borno

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Abuja–kaduna train derails with perssengers onboard, casualties feared

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Abuja–kaduna train derails with perssengers onboard, casualties feared

By: Zagazola Makama

A train travelling from Abuja to Kaduna on Tuesday derailed after reportedly missing a point, Zagazola reports.

Details of the incident are still sketchy, and the number of fatalities or casualties could not be immediately ascertained.

Emergency responders and security agencies are said to be moving to the scene, while officials are yet to issue an official statement on the development.

Abuja–kaduna train derails with perssengers onboard, casualties feared

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Man kills rival over alleged affair with wife in Adamawa

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Man kills rival over alleged affair with wife in Adamawa

By: Zagazola

The Police in Adamawa have launched a manhunt for a suspect alleged to have killed a villager over a dispute involving his wife in Demsa Local Government Area of the state.

Sources said the incident occurred in Wuro Bakumbo village, where one Hamman Shomo allegedly attacked Hammadu Shagari with a knife following a quarrel.

It said the quarrel, which took place on Sunday, stemmed from Shomo’s suspicion that Shagari was having an affair with his wife, identified as 20-year-old Rabi Alim.

According to sources, Shagari initially escaped into the bush after the attack, but his lifeless body was discovered the next day, (Monday) lying in a pool of blood with deep cuts on his back.

The sources said the scene was visited by police, documented, and the corpse evacuated to General Hospital, Numan, for autopsy.

The sources said that efforts were ongoing to apprehend the fleeing suspect, while the Criminal Investigation Department (CID) had been detailed to carry out discreet investigation.

Man kills rival over alleged affair with wife in Adamawa

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Gunmen kill vigilante, abduct man, wife and child in katsina

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Gunmen kill vigilante, abduct man, wife and child in katsina

By: Zagazola Makama

Armed men have killed a vigilante and abducted three members of a family in Katsina metropolis, the Police Command has confirmed.

Sources told Zagazola Makama that the incident occurred in the early hours of Monday at Filin Canada Quarters, behind Steel Rolling Mill.

The sources explained that the assailants broke into the residence of one Anas Ahmadu, and abducted him, his wife Halimatu, and their daughter, Jidda.

According to the sources, a vigilante member attached to the area, Abdullahi Muhammad, 25, was shot by the attackers while attempting to resist the abduction.

He was rushed to the General Hospital, Katsina, where he was confirmed dead.

Security operatives have been directed to intensify efforts to track down the perpetrators, rescue the victims and restore normalcy in the area.

Gunmen kill vigilante, abduct man, wife and child in katsina

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