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BOI Set To Release N200bn To Manufacturers, SMEs

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BOI Set To Release N200bn To Manufacturers, SMEs....KINDLY READ THE FULL STORY HERE▶

The Bank of Industry (BOI) has announced plans to allocate a total of N200 billion to support manufacturers and small businesses nationwide through three distinct funding categories……CONTINUE READING

 

 

 

 

 

 

 

 

 

 

According to a statement from the development bank, the funds comprise the Presidential Conditional Grant Scheme, the FGN MSME Intervention Fund, and the FGN Manufacturing Sector Fund.

The Presidential Conditional Grant Scheme, amounting to N50 billion, aims to provide grants to eligible nano business owners. The grants, which do not require repayment, will benefit at least 1,000 recipients, with a focus on women and youth entrepreneurs, across the 774 local government areas and six council areas in the Federal Capital Territory.

The eligibility criteria include ownership of a nano business, willingness to register a business name as the enterprise expands, readiness to hire at least one additional staff member as turnover increases, and provision of proof of residential/business address in the respective Local Government Area.

The FGN MSME Intervention Fund, totaling N75 billion, is designated to support Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Each beneficiary is set to receive a maximum of N1 million at a nine percent all-inclusive interest rate per annum, with a tenure of years for equipment and working capital.

Similarly, the FGN Manufacturing Sector Fund, also worth N75 billion, targets eligible manufacturing companies to alleviate the impact of high production costs caused by infrastructural deficiencies and other factors. Beneficiaries may receive up to N1 billion, disbursed at a nine percent all-inclusive interest rate per annum, with a tenure of five years for term loans and one year for working capital.

The decision to disburse these funds aligns with the Federal Government’s commitment to supporting businesses amidst recent economic reforms. President Bola Tinubu pledged loans and grants to businesses nationwide to mitigate challenges arising from the austere business climate, following demands from organized labor for government palliatives.

The Bank of Industry has been tasked with executing the disbursement of these funds, ensuring their effective day-to-day administration.

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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.

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UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶

  • Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.

  • Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.

  • Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.

  • Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.

  • Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.

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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.

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Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶

  • Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.

  • Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.

Frank Tietie’s Position

  • During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.

  • Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.

  • He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.

  • Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.

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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.

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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶

  • The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.

  • The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.

  • The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.

  • Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”

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