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Federal Government to start disbursement of N200b intervention fund to MSMEs and manufacturers

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Uzoka-Anite
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The Federal Government says it will soon commence the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturers under the Presidential N200 billion Intervention Fund scheme.

President Bola Tinubu launched the scheme on October 17, 2023, to cushion the effects of the removal of petrol subsidy.

Announcing the disbursement of the funds, Minister of Industry, Trade and Investment, Doris Uzoka-Anite, in a statement yesterday, noted that the decision was taken following the success of the ongoing disbursements targeted at supporting one million nano businesses across the country.

According to her, N75 billion each has been allocated to support MSMEs and the manufacturing sector under the Presidential Intervention Fund. This is in addition to the N50 billion set aside to support the nano businesses.

 

Uzoka-Anite said;

“The Federal Government of Nigeria is proud to announce the operational launch of the MSME and Manufacturing segment under the prestigious Presidential N200 Billion Intervention Fund.

 

“With applications for the Presidential Conditional Grant Scheme now closed, we are excited to move forward with the loan disbursement process for the MSME and manufacturing sectors, aimed at boosting economic growth and industrial development.

“This fund is strategically divided, dedicating N75 billion to MSMEs and another N75 billion to the manufacturing sector.
“We are pleased to report that the initial disbursement to nano businesses has been met with success, and we are well on our way to supporting one million nano businesses throughout the country.
“Thousands of beneficiaries have already confirmed receipt with many more to come.

“We invite eligible enterprises to join this transformative initiative. To apply, please visit our official application portal at www.fedgrantandloan.gov.ng.
“Additionally, applicants seeking more detailed information should visit their local state Bank of Industry (boI) branch.”

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Umuororonjo community celebrates as new interim youth executives are sworn in by the Sole Administrator of Owerri Municipal Council,Hon Chidiebere Emeribe.

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PEACE, STABILITY AND TRANQUILITY A MEDIATOR OF PROGRESS AND GROWTH,A DEFINITION OF TRUE LEADERSHIP EXHIBITION

13-6-24

….-Umuororonjo community celebrates as new interim youth executives are sworn in by the Sole Administrator of Owerri Municipal Council,Hon Chidiebere Emeribe..

…Let your leadership quota and skills be one that communicates unity, togetherness, accessibility/inclusion and peace as you get to work as the youth leadership arm of Umuororonjo. These were the watch words of the Sole Administrator as he inaugurated the youth leadership arm of the community.

In his tremendous pursuit and regard to the achievement of peace, tranquility and stability across the municipality of Owerri,the Sole Administrator today received the new interim executives of the youth organisation wherein he observed and performed the inaugural ordinances.

He commended their partnership with the innovative and dynamic government of H. E. Dist. Sen. Hope Uzodinma and heartily assured them that the 3R government is ever ready to provide assistance and support to the youth leadership whenever called upon as the youth arm is the proactive and visible force of every generation..

He solicited them to observe legality in the discharge of duties to the people and always accord regards in ensuring that the welfare and security of the people is an utmost priority,having in mind that Owerri Municipal is the center and heart of the state and to such should at all times remain and be a monumental profile of positive emulative reference.

The newly elected chairman commended the Sole Administrator as a man of indefatigable character, outstanding and astute in his antecedents. He appreciated the honour of being called to serve by his people and pledged his unwavering support to the proactive 3R government of the governor and to the people whom he is called to serve. He vividly clarified that his leadership arm is one which is poised and positioned to ensuring that the unity,welfare and security of the people is topnotch and duly observed.

In conclusion the Sole Administrator under the auspices of his official portfolio together with the PG and notable elders and bodies of the community inaugurated the following as the leadership arm of Umuororonjo youth organisation:-

1:Austin Osita Agbugba
(Chairman)

2:Paschal Ujah Jr.
(Secretary)

3:Obinna Obodo
(Member)

4:Dan Oluigbo
(Member)

5:Ozobia Ozuzu
(Member)

6:Gideon Onyegbula
(Member)

7:Chinedu Mmanuaka
(Member)

8:Barr. Henry Oparanozie
(Member)

9:Chibuike Oparaugo
(Member)

10: Ugochukwu Njoke
(Member)

11:Kelechi Nnawuchi
(Member)

12:Umunna Nwanzuruike
(Member)

13: George Anyanwu
(Member)…

 

®️Comr. Metu

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EFCC forms a team to investigate El-Rufai and others over alleged N423 billion fraud.

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Nasir El-Rufai
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The Economic and Financial Crimes Commission (EFCC) has assembled a group of investigators to examine the alleged mishandling of N423 billion by ex-Kaduna State Governor Nasir El-Rufai and certain prominent figures in his administration.

The former governor will be summoned by the investigators for questioning.

Others set to be questioned include individuals who held the position of Finance commissioners between May 29, 2015, and May 29, 2023; all the accountant generals during his eight-year tenure, and the chairpersons of the Kaduna State Internal Revenue Service (KADIRS) from 2018 to 2023.
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AGAIN PETER OBI UPHOLDS GOV OTTI FOR HIS EXCELLENCE IN GOVERNANCE

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FORMER GOVERNOR OF ANAMBRA STATE HIS EXCELLENCY PETER OBI HAS AGAIN UPHOLD GOV OTTI FOR HIS EXCELLENCE IN GOVERNANCE

CHARLES: Are there governors who have distinguished themselves in the act of governance in this administration?

PETER OBI: (with incredible speed) Gov. Alex C. Otti of Abia State, of course!

CHARLES: Is it bcos he’s part of your party?

PO: No. I take my readings from the people. Go & verify!

Peter Obi on Arise Tv earlier today

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