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MAN Begs FG To Slash Interest Rates On Loans

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The Manufacturers Association of Nigeria (MAN) has appealed to the Federal Government to urgently direct the Central Bank of Nigeria to drastically reduce interest rates on industrial loans.
Speaking at the 10th Annual General Meeting of Kwara/Kogi axis of the Association held in Ilorin, Kwara State, yesterday, the outgone chairman, Ramon Bioku, lamented the present interest rate on business loans given to its members by banks
He stated the rate should be further reduced to one per cent.
The theme of the meeting was “Tackling the Challenges of Manufacturing Sector: A Win-Win for Government and Local Manufacturers.
“The CBN should also direct DMBs (Commercial Banks) to reduce interest rates on industrial loans. The Interest rates charged on Industrial Loans and other loans released as COVID-19 palliatives should be significantly reduced further to one per cent,” Bioku said.
He also urged the Bank of industry to approve and urgently roll out further reductions in its lending rates to industries, asking the CBN to wave many conditions for its foreign exchange policies to local manufacturers.
“CBN should widen the window of Foreign Exchange to Local Industries”, he said.
In his speech, read by the state commissioner for Business, Innovation and Technology, Damilola Yusuf Adelodun, Kwara State Governor declared the state’s continual support for MAN to boost the economy of the state.
The governor promised that the state government would continue to create a conducive environment for the manufacturers in the state.

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Bodo-Bonny Road: Julius Berger Workforce Maintains Steady Work to ensure timely delivery

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Julius Berger Maintains Commitment to Timely Delivery with Holiday Work Schedule In the spirit of progress and dedication, workers on the Bodo-Bonny Road project, a transformative construction project awarded to Julius Berger Nigeria Plc, have continued their efforts undeterred by the Yuletide season. For many, the opportunity to contribute to the development of their communities through this landmark infrastructure project is a source of pride and fulfillment.

The 37.9 km road project, which connects Bodo in Gokana Local Government Area to Bonny Island in Rivers State, stands as a beacon of hope for the operational communities.

Julius Berger’s workforce, comprising a significant number of local indigenes, has been steadfast in their commitment to ensuring the project’s timely completion despite the challenging technical and logistical demands

The construction of this critical infrastructure requires specialized techniques and construction methodologies, including extensive sand filling for soil stabilization, to ensure a suitable foundation for construction.


The project also necessitates meticulous planning and coordination by the workforce and their supervisors, further underscoring the skill and precision involved in executing this project.During the holiday season, workers were seen diligently engaged in other activities such as base course installation, and sand-cement stabilization at key sections, including Apha Creek Bridge and Opobo Channel Bridge, the sight of heavy equipment from leading manufacturers like Caterpillar and Volvo further revealed the scale and complexity of the project.

Speaking about the project, John Hart, a member of the project team from Gokana, shared the pride he and his colleagues feel about the project,
“This road means everything to us. It connects our people to opportunities and development. For those of us working here, it’s more than a job, it’s our contribution to building a future for our communities.
Even during the holidays, we’re happy to give our all.”

Appreciating the team’s dedication, The Project Manager, Tim Nippert noted that, “Our workforce continues to exceed expectations. Working through the holidays and navigating the difficult terrain demonstrates their resolve and passion for delivering this project. Their ability to maintain steady progress under these conditions is truly remarkable.”

The Bodo-Bonny Road project is a critical component of Nigeria’s infrastructure development agenda. Featuring a 2-lane road with hard shoulders, 17 bridges spanning 3,200 meters, and reinforced concrete pavement on Bonny Island, it is designed to overcome environmental challenges while improving connectivity and stimulating socio-economic growth.

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HYPREP Trains Students On Petroleum Jelly, Liquid Soap Making

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In a bid to meaningfully engage secondary school students in Ogoniland during the Christmas holidays and beyond, the Hydrocarbon Pollution Remediation Project(HYPREP) has trained them on petroleum jelly and liquid soap making.
This is even as the Project has partnered with the National Orientation Agency(NOA) and the National Drug Law Enforcement Agency(NDLEA) to keep the students away from crime and other related social vices during the Yuletide, by giving them pep talks that would put them on their toes during the period.
This came to the fore as HYPREP recently organised an Ogoni Young Men Mentorship programme and life skill workshop with the theme, ‘Career Coaching: Developing The Young Minds’ at Birabi Memorial Grammar School, Bori, headquarters of Khana Local Government Area of Rivers State.
The beneficiaries of the programme are essentially members of environmental clubs in 13 schools in four local government areas of Khana, Gokana, Tai and Eleme.
At the event, both NOA and NDLEA gave career talks to the students, aimed at keeping them off social vices like drug abuse and addiction as well as negative peer influences through out the Christmas holidays and beyond.
Speaking at the event, the Project Coordinator of HYPREP, Prof NeinibariniZabbey said the Project deemed it necessary to invite the National Orientation Agency and the National Drug Law Enforcement Agency(NDLEA) to speak to the students in order to shield them from negative peer influences as they are preparing to go for the Christmas holidays.
He explained that the workshop would enable the students to know when the signs of the negative peer influences start coming.
Zabbey, who was represented at the occasion by HYPREP’s Head of Sustainable Livelihood, Mrs Josephine Nzidee, said the Project is not only going to train the beneficiaries but also give them the tools and skills that would grow them in the future so that they would start making money for themselves.
Also addressing the students, the Rivers State Coordinator of the National Orientation Agency(NOA), Mr Young Ayo-Tamuno expressed delight for meeting young minds, to discuss issues on values, describing it as a great opportunity.
He noted that there are seven values which constitute the role and commitment of the government towards the citizenry and another seven core values which constitute the code for the citizens.
While commending HYPREP for organising the event, Ayo-Tamuno said team work is key to making Nigeria a better place for all, as both the government and the citizens have their respective roles to play, with each staying committed and focused.
The Chief Programme Officer of NOA, Mr Henry Ayede was the one who actually mounted the rostrum and drilled the students on the seven core values embodied in the National Value Charter for citizens, and stressed the need for them to imbibe them and put them to practice as they grow up.
Ayede listed the values to include discipline, duty of care, leadership, tolerance and respect, transparency, environmental awareness and resilience.
He also underscored the need for the students to imbibe the spirit of hard work and dignity of labour, contending that while hard work and dedication contribute to success, every job can contribute to national development.
According to him, dignity in labour is the foundation of success.
On his part, Mr Bill Ebiokpo of the Media/ Advocacy Unit of NDLEA, who represented the Bori Area Commander of the agency, advised the students to guard against drug abuse and addiction, which he said have far reaching consequences.
The Principal of the Senior Secondary of Birabi Memorial Grammar School, Barrister Bob Agbozi thanked HYPREP for organising the programme, which he said enriched his knowledge and that of the students on the core values guiding the society, saying inculcating such values in young people and teaching them practical skills have contributed immensely to the greatness of advanced countries and even countries like Rwanda in Africa.
He noted that the career coaching would change the behavioral pattern of the students particularly during the Yuletide.
He also thanked NOA for the career talks and urged it to replicate the programme in other places, not only in schools but also in market places.
The training of the students on petroleum jelly and liquid soap making was anchored by an expert, MrsLekpa Abel, with HYPREP workers lending a helping hand.
It was, indeed, a practical session with the students, who came face to face with the production materials of the products.

Donatus Ebi

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Community Organises Civic Reception For LG Boss

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It was celebration galore as the people of Isu Community in Etche Local Government Area of River State held a civic reception in honour of the Council Chairman, Dr Uzodinma Nwafor .
The epoch- making ceremony which took place recently at the community ancestral home saw the attendance of the political class, the clergy, opinion leaders, the academia, youths, women, elders and chiefs gather to honour their brand new chairman.
In his remarks, the Chairman of Etche Local Government Council, Dr Uzodinma Nwafor expressed gratitude to the people for according him such honour, saying it shows their unwavering support to the development of Etche.
Nwafor announced the readiness of his administration to embark on electrification of Ozuzu clan including Isu community.
The Etche council boss also said the market at Isu will be reconstructed to improve the economic life of the people.
He revealed that the two projects will commence in January as efforts are on to mobilise the contractors.
Nwafor told the mammoth crowd that his major concern remains, peace and unity of the entire Etche, saying security of lives and property remains top on his agenda as no meaningful development can thrive in an atmosphere of violence.
He urged parents to encourage their wards and children to refrain from violence and embrace peace.  “Let us allow Etche to be at peace .Don’t allow any body to use you set Etche ablaze. Parents advise your children to stay away from crime .We must stay in peace and unity.  Our children must shun violence ,it can’t take us anywhere as a people ,” he declared.
He thanked the people for their support as well thank their son, former commissioner for Energy ,Okey Amadi for being a Pilar of his political sojourne.
Earlier, the Isu opinion leader and Principal, Community Secondary School, Mgbosomini in Obio/ Akpor Local Government Area, Mr Chijioke Amadi said the honour done Etche chairman was a collective division of his people.
Amadi described the council boss as an illustrious son who has contributed immensely to the wellbeing of the community.
He declared that his community and the entire Etche will keep supporting him because he is doing well.
Amadi urged the people to keep praying for him and the Rivers State Governor to succeed in delivering dividends of democracy.

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