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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
Gunmen kill trader in Kafanchan, kaduna
By: Zagazola Makama
A 42-year-old man, Shok Musa, has been killed by yet-to-be-identified gunmen in Kafanchan in Kaduna state.
Zagazola gathered from reliable sources that the incident occurred on Sunday night near the victim’s shop at Ungwa Kanikon, Gidan Waya.
Security forces rushed to the scene after receiving a distress call, and found Musa with fatal gunshot injuries on his back.
“He was taken to Anglican Hospital, Gidan Waya, where he was confirmed dead by a medical doctor. His body was later deposited at the Kafanchan General Hospital mortuary,”said the sources.
The sources added that investigation had commenced, and efforts were ongoing to track down and arrest the perpetrators.
Gunmen kill trader in Kafanchan, kaduna
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
By: Zagazola Makama
Security forces have intensified patrols and security measures along the Abuja–Kaduna railway corridor, Rigasa train station, and the Abuja–Kaduna highway.
Sources said the move was part of efforts to protect critical transport infrastructure and forestall criminal attacks.
The sources stated that area commanders in Jere and Kakuri, as well as divisional police officers along the rail corridor, had been placed on red alert in collaboration with other security agencies.
“Rigasa train main station has been fortified, while patrols along the railway line and sub-stations have been intensified. Patrol vehicles deployed on the Abuja–Kaduna highway are maintaining 24-hour visibility, with hourly situation reports rendered accordingly,”said sources.
Security forces assured the public of its commitment to ensuring safe travel and the protection of lives and property across the state.
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
Two killed as troops repel bandit attack in Katsina
By: Zagazola Makama
At least two persons were killed following an attack by suspected bandits on villages in Dutsinma Local Government Area of the state.
Sources said the incident occurred on Sunday night when bandits invaded Babangida and Madugu villages.
The sources said that the military troops of Operation FANSAN YANMA in collaboration with the police and local patrol teams, responded swiftly and engaged the attackers in a gun duel, forcing them to abort a planned assault on Sabon Garin Safana village.
“However, two victims, identified as Shamsu Sani, 25, of Makera, and Abdurrashed Rabe, 25, of Tashar Mangwaro, sustained critical injuries and were rushed to the General Hospital, Dutsinma, where they were confirmed dead,” said the sources.
The sources said that efforts were ongoing to track down and arrest the fleeing bandits.
Two killed as troops repel bandit attack in Katsina
Gunmen kill trader in Kafanchan, kaduna
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
Two killed as troops repel bandit attack in Katsina
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