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FG disburses N2.25bn to Gombe MSMEs
FG disburses N2.25bn to Gombe MSMEs
The Federal Government, through the Bank of Industry (BoI), has disbursed N2.25 billion to support 16,696 Micro, Small, and Medium Enterprises (MSMEs) in Gombe.
Dr Olasupo Olusi, Managing Director and Chief Executive Officer of BoI, confirmed this during a town hall meeting held in Gombe on Friday.
The meeting aimed to sensitise the Gombe business community about the N200 billion Federal Government Loan Scheme for MSMEs and manufacturing enterprises.
Olusi said the Federal Government, through BoI, had disbursed over N107 billion to nearly 900,000 beneficiaries across Nigeria’s six geo-political zones.
“Out of this, over 16,696 beneficiaries, valued at N2.25 billion, are from Gombe State,” he said.
Represented by Mr Mohammed Maina, North East Regional Manager of BoI, Olusi described the fund as a landmark initiative of President Bola Tinubu’s administration.
He stated that the initiative aims to empower MSMEs and revitalise Nigeria’s manufacturing sector as part of a broader economic growth strategy.
According to him, the scheme represents a strong investment in Nigeria’s future and a commitment to unlocking the business sector’s potential.
“MSMEs bring life to the local economy. They create jobs, provide livelihoods, and drive innovation across sectors,” Olusi noted.
He added that MSMEs account for 96 per cent of Nigerian businesses, 84 per cent of employment, and nearly half of the country’s Gross Domestic Product (GDP).
Olusi said President Bola Tinubu envisions an economy where local industries thrive, meet global standards, and every enterprise is empowered to succeed.
BoI, he said, is working to ensure the scheme becomes a catalyst for jobs, innovation, and prosperity, especially among young entrepreneurs.
He commended Gombe State Government’s support and urged MSME owners, community leaders, and youth groups to champion the intervention.
Mr Abdulwahab Sabo, Senior Special Assistant to Gov. Inuwa Yahaya on MSMEs, praised President Tinubu for positively impacting Gombe’s local economy.
Sabo stated that MSMEs remain the backbone of the state’s economy by creating jobs and fostering entrepreneurship, especially among women and youths.
He said the Yahaya-led administration is committed to supporting initiatives that empower women and youths while encouraging business growth.
Abbas Abdul, Chairman of the Tea and Bread Association in Gombe, expressed gratitude to President Tinubu for the financial support.
Abdul, who received N50,000 six months ago, said his business has grown to N300,000, and he now plans to open a mini restaurant.
Adamu Abubakar from Dukku LGA, who engages in fabrication and welding, said the intervention saved him from high commercial bank interest rates.
Abubakar received a N5 million loan at nine per cent interest per annum and now plans to expand and employ more young people.
The News Agency of Nigeria (NAN) reports that the town hall included a question and answer session on accessing loans and challenges faced by MSMEs.
FG disburses N2.25bn to Gombe MSMEs
Police arrest INEC officials, recover election materials in Taraba by-election
By: Zagazola Makama
The Police Command in Taraba has arrested some Independent National Electoral Commission (INEC) officials and recovered election materials allegedly diverted during the by-election for Karim Lamido I Constituency of the State House of Assembly.
Sources told Zagazola Makama that on Sunday that the arrests followed credible intelligence provided by party agents.
The sources said the incident occurred on Aug. 16 at about 2:20 p.m. when a team of policemen intercepted the suspects at a private residence in Angwan Sarkin Panya village.
Those arrested included Gideon Amos, 49, an Assistant Presiding Officer II assigned to Polling Unit 16, Angwan Yusuf Dogo, Bikwin Ward, and two others identified as Matthew Jayi, 47, and Tiasama Mathias Musa, 32.
The suspects allegedly diverted materials meant for three polling units PU 005 Gandara, PU 016 Angwan Yusuf Dogo, and PU 029 Angwan Sarkin Primary School — to the residence.
Items recovered from them included three ballot boxes, two BIVAS machines, 19 booklets and 20 pieces of ballot papers, two stamp pads with ink, one marker, and two result sheets.
The sources also disclosed that in the process of resisting the diversion, a police officer on election duty, PC Christian Garba, had his uniform forcibly removed by hoodlums who fled with it.
The sources added that voting had ended in most polling units and collation of results was in progress while investigations into the incident were ongoing.
End
Police intercept 107 suspected thugs, recover arms during Kano re-run elections
By: Zagazola Makama
The Kano State Police Command says it has intercepted 107 suspected political thugs and recovered arms and dangerous weapons during the ongoing re-run and by-elections in the state.
Sources told Zagazola Makama that the operation, conducted on Aug. 16 at about 11:00 a.m., followed credible intelligence and was carried out jointly with the military, DSS and other security services.
It was gathered that 20 vehicles conveying the suspected thugs, believed to have been imported from neighbouring states, were intercepted across the affected local government areas.
Items recovered from the suspects included four locally fabricated rifles, axes, cutlasses, daggers, swords, and sticks.
Security sources said the elections in the affected areas were marred by violence, thuggery, stuffing of thumb-printed ballot papers, threats, and intimidation of voters, as well as alleged inducement of electorates by government officials.
The sources added that operations were still ongoing to restore peace and ensure the credibility of the electoral process.
Police intercept 107 suspected thugs, recover arms during Kano re-run elections
Zulum, Others Present as Borno Acting Chief of Staff Buries Mother
By: Our Reporter
Borno State Governor Babagana Umara Zulum, Deputy Governor Umar Usman Kadafur, and Secretary to the State Government Alhaji Bukar Tijani, among many dignitaries, attended the funeral prayer of the mother of the acting Chief of Staff, Dr Babagana Mallumbe, Hajja Bintu, in Maiduguri.
Late Hajja Bintu Mohammed died on Friday at a hospital in Abuja after a brief illness at the age of 75, leaving behind five children.
The funeral prayer was led by the Chief Imam of Borno, Zannah Laisu Ibrahim, on Saturday evening.
Governor Zulum, accompanied by his deputy Umar Kadafur, were among the family members and associates at the Muhammadu Buhari International Airport to receive the body of late Hajja Bintu earlier before the funeral prayer.
The funeral was also attended by various officials, including National and State Assembly members, cabinet members, heads of government agencies, local government officials, friends and family members.
Zulum, Others Present as Borno Acting Chief of Staff Buries Mother
Police arrest INEC officials, recover election materials in Taraba by-election
Police intercept 107 suspected thugs, recover arms during Kano re-run elections
Zulum, Others Present as Borno Acting Chief of Staff Buries Mother
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