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Katsina State Launches ₦5 Billion Loan Scheme To Empower MSMEs

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Katsina State Launches ₦5 Billion Loan Scheme To Empower MSMEs

The Governor of Katsina State, Dikko Radda, has initiated two significant programs aimed at empowering small and medium-scale enterprises (MSMEs) in the state. During the launch event held at the Katsina State Secretariat Conference Hall, Governor Radda unveiled the ₦5 billion Katsina State SME Growth Fund and the Dikko Business Development Support (BDS) Corp Intervention Programmes.....KINDLY READ THE FULL STORY HERE▶

The governor emphasized the pivotal role of MSMEs as the backbone of a thriving economy, acknowledging the link between economic stability and insecurity. He highlighted the importance of supporting and expanding MSMEs to foster job creation, poverty reduction, and a stronger local economy.

To address the challenges faced in developing these initiatives, Governor Radda assured the public of his administration’s commitment to providing financial resources, business development services, and access to markets for entrepreneurs.

The Katsina State SME Growth Fund, a collaboration between the state government and the Bank of Industry (BOI), aims to provide financial and business development support for SMEs to expand operations, innovate, and compete on a larger scale. With a contribution structure of ₦1 billion managed fund and ₦2 billion matching fund from the Katsina State Government, the Fund is designed to stimulate economic development, create jobs, and enhance the entrepreneurial ecosystem in Katsina State.

Additionally, the Dikko BDS Corp Intervention Program will offer tailored support and comprehensive business development services to MSMEs, particularly in underserved communities. The initiative aims to equip entrepreneurs with the tools, knowledge, and resources needed to thrive, including advisory services, training, financial resources, legal and regulatory compliance support, and access to markets.

Governor Radda outlined several key initiatives to foster a thriving entrepreneurial ecosystem, including conducting an MSME census, cluster mapping across the local government areas, and formulating an SME Policy aligned with the National MSME Policy.

The beneficiaries, drawn from the 361 political wards in the 34 local government areas of the state, pledged to run and expand ethical businesses to address the unemployment rate in the state.

The Director-General of the Katsina State Enterprise Development Agency (KASEDA), Hajiya Aisha Malumfashi, emphasized that the ₦5 billion SMEs fund is designed to provide accessible and affordable financial options tailored to the unique needs of SMEs in the state, fostering economic growth, development, innovation, and sustainability.

The event showcased the state’s commitment to fostering economic inclusivity, bridging socio-economic gaps, and creating a conducive environment for sustainable economic growth and development in Katsina State.

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‘Okorocha Wants To Reap Where He Did Not Sow’ – Uzodinma’s Aide Fires Back.

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The Chief of Staff to Imo State Governor, Hope Uzodimma, Enyinnaya Onuegbu, has accused former Governor Rochas Okorocha of attempting to claim the benefits of a political process in which he allegedly played no part.....KINDLY READ THE FULL STORY HERE▶

This comes after the Federal High Court sitting in Abuja on Thursday rejected Uzodimma’s candidacy for the Imo West Senatorial District election and declared Okorocha the winner.

Speaking on Arise Television’s Prime Time on Friday, Onuegbu said Okorocha was absent from major meetings and activities leading up to the All Progressives Congress (APC) primary in Imo State.

He argued that the former governor could not claim to be an active stakeholder in the party after deliberately staying away from its activities and reconciliation meetings.

Onuegbu further alleged that Uzodimma made efforts to reach Okorocha and other aggrieved party leaders following the primary election, but they refused to answer his calls.

The governor’s Chief of Staff maintained that the APC in Imo State remained united and prepared for the election despite criticisms from Okorocha’s camp.

He said, “Okorocha was absent from key events leading to Imo APC primary. He was nowhere to be found. He didn’t attend any reconciliation meeting, he didn’t show up for stakeholders’ meeting.

“He wants to reap where he did not sow. You cannot stay away and then come back to dictate who becomes a candidate.

“Okorocha heavily distorted the facts. At what point before the primary elections did he address Imo APC members as an aspirant?

“The law requires oral evidence from witnesses, not just conflicting documents. He was not physically present at most of the events leading up to the primaries.”

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US Congressman Moves To Block Nigerian Government From Hiring Lobbyists In America.

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United States Congressman Barry Moore has introduced a bill seeking to prohibit paid lobbying on behalf of the Nigerian government in the United States.....KINDLY READ THE FULL STORY HERE▶

The proposed legislation, H.R. 10939, is designed to prevent the Nigerian government from engaging lobbyists in America for as long as the country remains designated as a Country of Particular Concern (CPC).

The move comes amid growing concerns among members of the US Congress over alleged Christian persecution and killings in Nigeria.

Under the proposed bill, lobbying firms that receive payments to represent the Nigerian government while the country retains its CPC designation could face sanctions.

Moore alleged that the Nigerian government had spent millions of dollars engaging lobbyists in Washington to downplay the killings of Christians instead of taking sufficient action to stop the attacks.

“For too long, the Nigerian government has paid high-priced lobbyists in Washington to cover up the persecution of Christians while doing little to stop it. This bill will end that,” the congressman said.

He added that the legislation, if passed, would make it illegal for any individual or firm in the United States to receive payment for lobbying on behalf of the Nigerian government until the country’s Country of Particular Concern designation is lifted.

The bill has been referred to the House Committee on Foreign Affairs for further legislative consideration.

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2027 Elections: ‘Our Voter Register Cannot Guarantee Credible Polls’ – Ex-INEC Director.

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A former Director at the Independent National Electoral Commission (INEC), Oluwole Osaze-Uzzi, has warned that Nigeria’s voter register contains several irregularities and cannot guarantee free, fair and credible elections unless it is thoroughly sanitised.....KINDLY READ THE FULL STORY HERE▶

Osaze-Uzzi made the remarks on Friday during an interview on Channels Television’s Politics Today, where he discussed the state of the country’s electoral system ahead of the 2027 general elections.

According to him, a compromised voter register poses a major threat to the credibility of elections in Nigeria.

He warned that unless INEC audits and cleans up the register, the 2027 polls could be affected by controversies similar to those that followed the 2023 general elections.

The former INEC director urged the commission to carry out a comprehensive review of the register, remove the names of deceased persons and underage voters, and eliminate multiple registrations.

He also called on the electoral body to make the register available to the public to allow Nigerians to scrutinise it ahead of the elections.

He said, “A compromised voter register cannot guarantee credible elections. What we have now cannot give us credible elections in 2027 if we don’t fix it.”

Meanwhile, INEC Chairman, Professor Joash Amupitan, has assured Nigerians that the commission has no preferred candidate or political party ahead of the 2027 general elections.

Amupitan gave the assurance on Friday in Abuja while receiving a pre-election fact-finding mission from the Economic Community of West African States (ECOWAS), led by former Sierra Leone Vice-President Victor Foh.

The INEC chairman said the commission was conducting readiness assessment visits across the country’s geopolitical zones as part of preparations for the elections.

He disclosed that voting would take place in 8,809 registration areas across Nigeria’s 774 local government areas.

Amupitan also revealed that the number of registered voters had exceeded 103 million, while the commission had completed nine of the 14 major statutory activities outlined in its revised election timetable.

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