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Over 460, 000 exited N-POWER beneficiaries gain from CBN Agric business investment scheme

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The Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farouq has flagged off the much awaited NEXIT/CBN Agri-Business Small and Medium Enterprises Investment Scheme for exited N-Power beneficiaries Batches A and B.
The special adviser on media to the minister Nneka Ikem nubeze in a statement quoted the minister to have indicated that out of the 467,183 trainees who indicated interest, 75,600 will participate in the first phase of the orientation programme expected to lead up to collection of loans of up to three million Naira from the Central Bank of Nigeria if they qualify.

At the flag off ceremony which took place on Monday at the Press Centre, Radio House Abuja, the Minister, who was represented by the Permanent Secretary Bashir Nura Alkali thanked President Muhammadu Buhari for his administration’s unwavering efforts in eradicating poverty in the country.
She also lauded Buhari for supporting and sustaining the National Social Investment Programmes.
She also congratulated the 467,183 trainees who indicated interest in the NEXIT CBN AGSMEIS programme from the 500,000 batches A and B exited beneficiaries.
Umar Farouq noted that this is the first of several other phases that will take place in all the 36 states and the FCT.

“It has been my desire that the exited batches A and B N-Power graduate beneficiaries will not be left unattended to. In different channels, I kept on assuring these teaming youths that the Ministry of Humanitarian Affairs, Disaster Management and Social Development has worked very closely with the Central Bank of Nigeria to realize this dream.
“Today marks the beginning of the fulfilment of this awaited training that will enable those beneficiaries that indicated interest to participate in the CBN empowerment programme.

“For ease of coordination, this training programme will be conducted in phases. Let me also inform you that all the 36 States and FCT are participating in this long awaited NEXIT training programme. A total of 75,600 participants are in this first batch of the training. We will continue to train the remaining batches in no distant time.

“The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development is committed to ensuring that the strategic objectives of all the social intervention programmes are harnessed to achieve the desired goals and objectives.
“​The N-Power programme is a critical part of the National Social Investment Programmes domiciled in the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development designed to achieve the National objectives of poverty reduction and job creation. The N-Power programme is key to helping young Nigerians acquire and develop life-long skills that ensure they become solution providers and entrepreneurs in their communities”.

In his welcome address, the Permanent Secretary who was represented by the Director Planning, Research and Statistics Raphael Oraeluno charged the beneficiaries to make judicious use of the opportunity.

“I will want to emphasize that every trainee must see this unique opportunity as a blessing that must not be wasted. Recall how we journeyed into this. You have finally gotten this opportunity. Maintain the highest level of seriousness in all that you will be taught throughout the training programme and thereafter.
“As beneficiaries, you will be equipped with the necessary training that will guarantee your participation in the CBN package meant for this purpose”.

The National Coordinator, National Social Investment Programmes Dr Umar Bindir also advised the beneficiaries to take advantage of the CBN package to be self reliant.

Beneficiaries who qualify she said, will receive Loans of up to three million Naira with a maximum tenure of seven years and At the end of the five day training,

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FRSC confirms death of 5 persons, 3 survivors in Kogi auto crash

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By Friday Idachaba, Lokoja.

Kogi State Sector Command of the Federal Road Safety Corps (FRSC) has confirmed the death of five persons in a fatal auto crash on Kabba-Obajana road in Kabba-Bunu Local Government Area of the state.

The State Sector Commander, Samuel Oyedeji, who confirmed the accident and death of the five to newsmen on Thursday in Lokoja said three others survived the accident with serious injuries.

Oyedeji attributed the accident which involved a Ford Galaxy space wagon and a Mazda car, to speeding and wrongful overtaking.

“The head-on collision between the two cars moving in the opposite directions happened due to speeding and wrongful overtaking by one of the drivers.

“We have been preaching against drivers flouting road safety rules and regulations, yet these motorists hardly heed our warnings.

“Five persons lost their lives in the fatal accident that left three others seriously injured,” he said.

The Sector Commander said that officers from the command immediately carried out a rescue operation at the scene of the accident and rushed the three injured persons to General Hospital, Kabba for medical attention.

Oyedeji said the remains of the five dead persons were also deposited at the mortuary of the Kabba General Hospital.

The Kogi Sector Commander admonished motorists to always endeavour to always obey road safety rules and regulations to avoid fatal auto crashes on the highways. (Ends)

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Sen. Kawu Sumaila mourns victims of Wudil accident

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***Calls for urgent action to complete Kano-Maiduguri Road

The Senator representing Kano South Senatorial District Sulaiman Abdulrahman Kawu Sumaila has expressed sympathy with the families of 11 persons who lost their lives in an auto crash along Kano-Maiduguri federal Highway on Friday.
11 people lost their lives while 16 others were injured, with one person rescued unhurt in the auto crash at Gaya junction along the Kano – Maiduguri road.
The accident involved two vehicles – a Toyota Hummer bus with registration number KTG 190 XB and a Hijet mini pick-up with registration number KTG 501 YG.
In a statement he personally signed, Senator Sumaila expressed grief over the death of 11 persons, regretting that Kano-Maiduguri road has remained a death trap to many road users.
He said, the over 550 kilometre dualization project was awarded by the Federal Government at the end of the second tenure of the former President, Chief Olusegun Obasanjo is yet to be completed 17 years after.

Senator Sumaila explained that the importance of the road to the Nigerian economy cannot be over emphasized as it serves as an international link between Nigeria and the Chad republic, Cameroon, Niger republic and the Central Africa, which is supposed to serve as a boost for businesses among the affected countries.

According to him, also the road also connects Kano with Jigawa, Bauchi, Gombe, Yobe and Borno states, where it is playing a greater role in the economic activities of the states.

Senator Sumaila, however, lamented that despite its important, the road has claimed several lives due to non-completion of the project.

He said for almost 17 years since the award of the project, a portion of the road particularly from Wudil to Gaya has not been completed.

He said it is regrettable that although over 50 kilometers of this portion of the road have been completed, however, a distance of less than 30 kilometers of the portion has not been completed, thereby, causing accidents for its users.

Sumaila, regretted that the non-completion of the project has compelled traders from within Nigeria and the neighbouring countries to divert their businesses to other states other than Kano.

“Apart from cases of accident, armed robbery has been a constant occurrence on the road for several years. I have personally complained to the relevant authorities, yet, the problem persisted,” he said.

“It is very sad that the Federal ministry of works and housing and the contractor handling the project have failed to complete this project despite allocation of huge amount of money in the budget. I will continue to pursue for the completion of this road.”

Senator Sumaila lamented that “This is the reason why we are fighting for fairness in the budgetary allocations to the six geopolitical zones, but some people for their selfish interests are kicking against our moves.

“With enough budgetary allocations to the geopolitical zones, this kind of projects would have been finished in time. It is our duty as members of the National Assembly to channel the plights and yearnings of our constituents to the executive arm of government for the right thing to be done to improve their wellbeings.

“And one of the surest way to achieve this is to ensure fairness and equality in budgetary allocations. This is the only way projects that have direct bearing to the lives of the common man will be executed. Kano-Maiduguri, is one of the roads that is playing significant role in the wellbeing of many Nigerians, therefore, the federal government should not joke with it.

The senator, therefore, appealed to the Federal ministry of works and housing and the contractor handling the project to ensure completion of the road in order to save the lives of the people.

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Rising electricity tariffs killing small businesses, NASSI calls for urgent action

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The Nigerian Association of Small-Scale Industrialists (NASSI) has expressed deep concern over the recent increase in electricity tariffs that is threatening the survival of its members
A statement by issued on Friday by the National President of NASSI, Chief Dr. Solomon Vongfa Daniel indicated that the hike poses a significant threat to the survival and growth of small-scale industries across the nation.
“The recent increase in electricity tariffs is a major blow to small-scale businesses in Nigeria. Many of our members are already struggling with rising input costs and a challenging economic climate. This additional burden threatens to push many of them out of business altogether.”

According to him increased electricity costs will directly eat into already tight profit margins, jeopardizing the financial sustainability of small businesses.
In a bid to manage costs, some businesses may be forced to reduce production, leading to job losses and decreased output.
“The additional financial strain will hinder the ability of small businesses to invest in expansion or modernization, hindering overall economic growth.

NASSI urged the government to consider providing targeted subsidies or tax breaks to support small businesses during this difficult time.
“We encourage the government to invest in renewable energy sources and promote energy efficiency measures to create a more sustainable and affordable electricity supply.
The association calles for open dialogue with policymakers and stakeholders to explore solutions that address the concerns of small businesses and ensure a stable and affordable electricity supply for all Nigerians.

“NASSI remains committed to supporting its members and advocating for policies that promote a thriving environment for small-scale industries.
“We urge the government to take urgent action to address this critical issue and ensure the continued success of this vital sector of the Nigerian economy.”

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