Niger Delta

Edo, BoI Unveil Fund For 50,000 Entrepreneurs

Published

3 years ago

September 27, 2021

The Edo State Government and the Bank of Industry (BoI), have unveiled a Micro, Small and Medium Enterprise (MSME) development fund worth N2 billion to support entrepreneurs in the state.
The fund was launched during a citizens’ engagement session organised by the Edo State Skills Development Agency, also known as Edo Jobs, held at the Government House in Benin City.
Speaking at the event, Governor Godwin Obaseki said, “The Bank of Industry (BoI), which is a reliable partner, is here today to launch the MSME fund. The initial amount is N2 billion. Edo State Government provided N1 billion, while BoI provided the other N1 billion, making it N2 billion, with an attractive interest rate.”
”In addition, we have a N165 million fund, as part of the first tranche from the Edo State Government. It will be made available to small businesses, which are currently domiciled in our production hub, to support and encourage them to grow their businesses.
“BoI has the capacity and resources to support this kind of programme. From this N2 billion fund, we estimate that we can impact as many as 50,000 businesses in Edo State. We have other facilities with other institutions like the Central Bank of Nigeria (CBN). This is a start-up fund, as we expect it to continue to grow: If you start with N50,000, now and when you do well tomorrow in your business, you will need N200,000.
Borrowing is part of business, provided you continue to grow,” the governor stated.
The Governor assured that despite the Covid-19 pandemic, his administration remained committed to improving the livelihoods of the people and creating opportunities for the youths to thrive.
He stated: “We have continued to create opportunities for Edo youths as our administration is open, transparent and competent in all we do. We urge Edo people to trust us, as all the opportunities that we present are real, and life-transforming for Edo people.”
On his part, Managing Director/Chief Executive Officer, BoI, Mr. Olukayode Pitan, said that “in a quest to grow and develop MSME businesses in the country, the bank has resolved to continue to collaborate with existing enterprises, as well as reputable local and international partners.
“This MSME fund is aimed at providing business loans to enterprises located within the state, while the second fund is the N165 million Edo Production Hub Fund, financed by the Edo State Government. The Edo Production Hub Fund is managed by the BOI and is to support businesses located within the state-owned production hub.”
Later, the governor and his team, as well as his guests were also taken on a guided tour of the Edo Production Hub. They also commissioned the new Bank of Industry building in Benin City.

Niger Delta

Bayelsa Charges Environment Ministry To End Bush Burning

Published

2 weeks ago

December 20, 2024

The Tide

The Bayelsa State Government has ordered its Ministry of Environment to take necessary measures to identify and arrest individuals or groups indulging in indiscriminate bush burning in the state.

It also directed its Taskforce on Livestock Management to take proactive steps to checkmate the activities of cattle rearers to prevent the destruction of crops and farms across communities in all the local government areas of the state.

Acting Governor of the State, Senator Lawrence Ewhrudjakpo, gave the directives while presiding over the 146th Session of the State Executive Council meeting in Government House, Yenagoa.

A statement issued by the Senior Special Assistant to the Deputy Governor on Media, Mr. Doubara Atasi, quoted him as emphasizing on the dangers of bush burning to the environment, ecosystem and human health.

The statement added that the state’s number two man also warned those perpetrating the act to stop forthwith or face the wrath of the law.

To this end, Atasi added that the Acting State Chief Executive directed the Ministry of Environment to activate the taskforce, with a view to apprehending those found culpable and to ensure they are brought to justice.

On cattle rearers encroaching on farmlands and destroying crops, Senator Ewhrudjakpo noted that the law on anti-grazing was still in force and should be implemented in all ramifications.

He, therefore, directed the taskforce on livestock management in the state to operationalize all machineries to ensure that herders carry out their trade within the limits of the law to avoid unnecessary destruction of lives and property, including crops.

“We want to use this opportunity to alert the public about the danger of bush burning. The hazards are quite known by everybody.

“Nobody should, for the sake of their farms which they want to keep clean and cultivate, jeopardize the health of other citizens. And so, the Ministry of Environment is hereby directed to activate the taskforce on anti-burning.

“The ministry must make sure that all those who are involved in bush burning are discouraged, and where they fail to comply, they should either be brought to justice or justice taken to them.

“In a similar vein, we are aware of the influx of herders into our state. The state taskforce on livestock management is hereby also directed to activate all machineries to ensure that herders don’t come into our state to destroy our farmlands.

“The law on anti-grazing remains in force and should be enforced in all ramifications. So, livestock management committee, both at the state and local government areas, should be activated and make sure that they curtail and contain every unnecessary grazing that is not permitted in our state”, he said.

Niger Delta

Stakeholders Caution Delta Over Propose Mangrove Forest Sale

Published

2 weeks ago

December 20, 2024

The Tide

The Health of Mother Earth Foundation (HOMEF) has cautioned the Delta State Government over its proposed sale of 258, 000 hectares of mangrove forests, for billions of naira.

According to the Tide’s source, HOMEF stated that carbon trade pollutes the environment, and it is dangerous to human nature.

The Executive Director, HOMEF, Nnimmo Bassey, who was a Guest Speaker at the Environment outreach magazine public lecture/annual award at Spring Hills Hotel in Asaba, explained that carbon trade is a killer disease which is bound to affect human beings including rivers.

Basse said through Blue Carbon or carbon trade, which is the sale of mangrove forest, people will calculate the carbon in the mangrove, then sell it as carbon credit.

“Delta State is proposing to sell 258, 000 hectares of mangrove forests, one of the biggest in the country to some companies whose intentions we believe is to sell the carbon to oil companies, and when they buy the credit, then they have the right to pollute.

“Carbon credit is set to upset the pollution that is why it is a false solution.

“So, it doesn’t work. We have to do what is right to nature, and not necessarily because of money. Don’t allow carbon trading, don’t allow waters pollution”, Basset stated.

Earlier, Bayelsa-born Noble Akenge, the publisher of Environment Outreach magazine, lamented the negative effects of environmental pollution in the State.

Akenge said the state, being the heart of petroleum activities, had suffered a lot of ecological damages due to oil spills.

The Environmentalist noted that the people’s major preoccupation of fishing and farming have been impacted seriously as most of their farmlands and even rivers and streams have been polluted by oil spills.

“The destruction of the rivers in Delta State represent the phenomena in most Niger Delta States where oil and related activities take place”, he added.

The source reports that Awards were presented to Governor Sheriff Oborevwori, the Managing Director of Niger Delta Basin Development Authority (NDBDA), Prince Ebitimi Amgbare, among others.

Niger Delta

Eno Recommits To Accountability, Effective Service Delivery

Published

2 weeks ago

December 20, 2024

The Tide

Akwa Ibom State Governor, Umo Eno, says his administration will remain committed to ensuring effective leadership, service delivery and be accountable to the people.

He made the remarks at the maiden edition of his administration’s ministerial briefing and end of year review in Uyo on Monday.

He said his administration would remain purely committed to delivering democracy dividends to Akwa Ibom people in line with its campaign promises.

The Governor stated that the ministerial briefing was to enable the administration to present its scorecard in the past 18 months.

According to him, the briefing is an enlarged executive council meeting aimed at presenting government’s scorecard and gaining new ideas.

“The exercise will enable Akwa Ibom people to evaluate and assess our government’s performance so far.

“In the past 18 months, this administration has been accountable, transparent and prudent in managing public funds.

“Release of funds must be tied to ideas and projects that will benefit the generality of Akwa Ibom people”, he said.

Eno stated that his administration is open to constructive criticisms, saying, ”I mean criticisms that will put government on its toes, and not smear campaign and condemnation.

“I must say that we have done well. It is left for critical stakeholders to analyse what we have done. We have tried to keep to the ideals of the ARISE Agenda”.

He said his administration is currently working on three major projects such as the Aviation Village, Ibom Deep Sea Port and Ibom Medical City.

Eno continued that the three major projects were capital intensive, and that his administration had to give priority attention to the airport project following its quick return on investment.

He commended his predecessor for embarking on projects that had strategic investment value.

According to the Commissioner, in 2025, his administration would be holding town hall meeting twice in a month to ensure public inputs to governance.

In his presentation, the Commissioner for Lands and Town Planning, Capt. Iniobong Ekong (Rtd), said the State Government had religiously settled compensations for lands acquired from citizens.

Ekong stated that the government had successfully reclaimed all government lands that were acquired illegally.