Connect with us

General

1,500 Niger Delta Amnesty Beneficiaries to Get NIRSAL Loans

Published

on

Niger Delta

By Adedapo Adesanya

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is set to extend the single-digit interest loans to 1,500 ex-agitators trained under the Presidential Amnesty Programme (PAP) in the Niger Delta region.

According to a statement, Mr Milland Dikio, the Interim Administrator of PAP said the initiative is part of the efforts to raise the economic prospects of people of the region by attracting financial support for small and medium scale enterprises.

He urged the beneficiaries to judiciously use the NIRSAL loans to become successful entrepreneurs, warning them against misuse of the facility, adding that diverting the facility would create more hardship for them and the region.

NIRSAL is a Central Bank of Nigeria backed programme targeted for entrepreneurs in the agricultural value chain at a concessionary interest rate of nine per cent.

The training, which took place at designated centres in Delta, Rivers, Bayelsa and Akwa Ibom States, was in continuation of a programme for NIRSAL loans which PAP commenced in November 2021.

Represented by the Head of Reintegration, Mr Alfred Kemepado, Mr Dikio said that the training would help the beneficiaries of the loan to grow their businesses and mitigate risks, saying that the focus was to facilitate and enhance single-digit interest loans for entrepreneurs in the region.

At the Yenagoa and Port Harcourt Centers, Mr Dikio who spoke through his Special Adviser on Projects, Mr Godwin Ekpo asked the beneficiaries to form cooperatives and focus on agriculture.

“The facilitators were very engaging and it just gives us hope and we are hopeful that once we are done with this set and we go into the next batches, the subsequent things we will do with these people will yield results.

“We have asked them to form themselves into cooperatives, look at the Agriculture value chain, production, processing, packaging and logistics end to see where they fit in.

“A lot of them have shown interest and I am hoping that maybe by tomorrow they will form themselves into different clusters in the value chain of several products.

“We are saying to everybody that cares to hear is that the Niger Delta is ready for development. Come back to the Niger Delta, come back and invest here. We are ready to receive you and we are ready to support you.” Mr Dikio said.

In Warri, through a senior Reintegration Officer in PAP, Mr Benjamin Appah, he explained how the beneficiaries were drawn across the region for the various centres.

“The names were compiled across impacted communities, PAP success stories, PAP cooperatives and the documented bonafide beneficiaries of the Amnesty Programme.

“We received the names through their camp leaders, their cooperatives and the post-training units.

“We also gathered from the success stories of people who have been previously empowered by the amnesty office and are doing well in their businesses.

“So the office of the Interim Administrator thought it wise to say that since they are doing well in their businesses, why don’t we help them expand.

“This loan is a scheme organized by the Federal government of Nigeria.

“However, PAP decided to bridge that gap and facilitate training by engaging a consultant who will train beneficiaries and show them the prerequisite of accessing the loan and also guide them through getting a credible business plan.

“In a nutshell, the current PAP administration is trying to facilitate the access for the beneficiaries to benefit from the Federal Government’s single-digit collateral-free loan programme.

“All the beneficiaries have to do is come down to their training centres, receive their training, and the office is responsible for all the other expenses that qualify them,” Mr Appah said.

Certificates of participation were issued to the beneficiaries across all centres at the end of the five-day workshop.

The certificate qualified the beneficiaries for other Central Bank of Nigeria, accredited loans, grants and credit facilities.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Advertisement
1 Comment

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

NUPRC Probes Gas Bubbling in Bille Community in Rivers

Published

on

gas bubbling bille

By Aduragbemi Omiyale

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced an investigation into a gas bubbling incident in Bille community in Rivers State, but preliminary “deductions and field observations indicate that the gas bubbling may be associated with a subsurface phenomenon that could be linked to a variety of triggers.”

In a statement signed by its chief executive, Mrs Oritsemeyiwa Eyesan, on Thursday, the agency said it was worried about the unfortunate incident, assuring residents that efforts are being made to address the issue.

The commission acknowledged the concerns the “unsavoury development has raised in relation to public safety, the environment, and the health of the populace,” stressing that, “The overall well-being of our communities and the protection of the environment remain paramount to the commission, as they are to government.”

It stated that, “Upon notification of the incident, the commission activated a coordinated technical investigation process in line with established regulatory protocols to assess the nature and extent of the gas seepage, identify source(s) and potential cause(s), and propose immediate and long-term mitigation measures.”

“The investigative study is being conducted in collaboration with stakeholders to ensure comprehensive, fact- based outcomes for long-term sustainability,” it added.

“Detailed geotechnical and geological analyses are ongoing to determine the contributing factor(s) and possible remedies for prompt implementation,” the statement further said.

“The commission assures the Bille community of its resolve to ensure that necessary actions required to address the situation are taken in line with applicable regulations, industry standards and global best practices.

“Once again, the commission commiserates with the Bille community as we work assiduously with all stakeholders to unravel the incident, and enjoins members of the community to maintain the commendable level of responsibility whilst adhering to all safety measures and public health advisories issued by the relevant authorities,” the statement disclosed.

Continue Reading

General

Akwa Ibom Denies Plan to Sell Ibom Power Company

Published

on

Ibom Power Company

By Adedapo Adesanya

The Akwa Ibom State Government has dismissed claims that it plans to sell Ibom Power Company, describing the allegation as false and reaffirming its commitment to reviving the state-owned electricity asset through debt repayment and structural reforms.

In a statement issued on March 18, the Commissioner for Information, Mr Aniekan Umanah, said a report by a Uyo-based tabloid alleging plans to dispose of the company was “a wicked fabrication” that should be disregarded.

“At no time has the government approved the sale of Ibom Power Company as scrap or otherwise,” the statement said, adding that such claims exist only in the “imagination of mischief-makers intent on misleading the public.”

Instead, the government said it is focused on stabilising the company’s operations by clearing legacy debts, including a $9 million facility obtained from Afreximbank several years ago.

According to the statement, Governor Umo Eno approved a structured quarterly repayment plan of $560,000 beginning March 15, 2025, aimed at gradually liquidating the loan.

The government described the move as part of broader efforts to “rescue and reposition Ibom Power Company for sustainable operations,” stressing that the approach reflects a commitment to “revival, stability, and long-term value preservation, not liquidation.”

Beyond debt repayment, the state also outlined ongoing electricity sector reforms anchored on a Private Sector Participation (PSP) framework designed to attract investment while retaining public ownership of assets.

Under the initiative, the government said it has established key institutions, including the Akwa Ibom State Electricity Regulatory Commission and Ibom Electricity Holdings Limited, to strengthen oversight and coordinate state-owned electricity assets. Shares of the holding company have also been vested in the Akwa Ibom Investment Corporation.

The concession model being introduced will allow qualified private operators to rehabilitate, finance, and manage electricity infrastructure over a defined period, with strict performance benchmarks and regulatory supervision.

The government said the framework is structured to ensure that “the State will retain ownership and strategic control of all electricity assets,” while transferring operational and commercial risks to private sector participants.

It added that the reform programme is expected to improve reliability, resolve longstanding challenges, and promote a more efficient electricity market without placing additional fiscal pressure on the state.

On recent power outages across parts of Akwa Ibom, the government noted that electricity transmission and distribution currently fall outside its direct control. However, it said efforts are ongoing to engage relevant authorities to address the disruptions and improve supply.

The statement also criticised the publication that carried the initial report, accusing it of spreading misinformation and warning that “government’s measured silence should not be mistaken for weakness,” citing existing laws on libel and defamation.

Continue Reading

General

Eid-el-Fitr: Gaya Urges Prayers Against National Challenges

Published

on

NSIA Abdullahi Mahmud Gaya

By Modupe Gbadeyanka

Nigerians have been urged to use the occasion of Eid-el-Fitr to intensify prayers against the challenges confronting the nation.

This appeal was made by the independent non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya.

Mr Gaya described the current situation in the country as a test of citizens’ spiritual resolve and faith, tasking Muslims to reflect on the deeper significance of Eid-el-Fitr, noting that the festival symbolises sacrifice, obedience to Allah, and compassion for the less privileged.

“Every Muslim finds joy in observing the Ramadan fast, a fundamental obligation in Islam. We should not lose sight of the lessons it teaches: obedience to Allah, sharing our blessings with the needy, and being our brother’s keeper,” he said in a statement issued by his media assistant in Kano.

Speaking on the forthcoming general elections, Mr Gaya advised the electorate to vote for selfless leaders committed to national service and the welfare of Nigerians, describing the polls as a choice between progress and regression, stressing the need for voters to support candidates with verifiable achievements rather than empty promises.

He also urged Nigerians to remain mindful of their civic responsibilities by choosing leaders who demonstrate integrity, sincerity, and dedication.

According to him, the country’s future depends on the electorate exercising their voting rights wisely to elect leaders who understand the responsibilities of public office and approach them with humility, competence, and genuine commitment to service.

Mr Gaya expressed gratitude to Almighty Allah for His mercies and felicitated with the people of Ajingi, Gaya, and Albasu Local Government Areas, as well as Governor Abba Kabir Yusuf and Nigerians at large, on the successful completion of the Ramadan fast.

Continue Reading

Trending