Osun commences disbursement of N636.1m CBN, SMEDAN soft loan - Breaking News Nigeria
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Osun commences disbursement of N636.1m CBN, SMEDAN soft loan

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The Osun State Government, on Wednesday, commenced the disbursement of N636.195,000.00 as soft loans to citizens and residents of the State.

The soft loan which was actualised through collaboration with the Central Bank of Nigeria-supported Micro, Small and Medium Enterprises Development (SMEDAN), aimed at expanding the scope of businesses, trades, investments stimulating the economy and reducing the scourge of unemployment in the State.

The soft loans were disbursed through Osun Micro Credit Agency as part of efforts to ensure proper coordination.

Speaking at the flag-off ceremony held at the Nelson Mandela Freedom Park, Osogbo, Governor Oyetola said the gesture was in furtherance of the administration’s resolve to build a virile and healthy economy.

He said the initiative stemmed from the administration’s development agenda that is focused on revitalising the economy for improved performance, noting that by their enormous productivity and capacity for value and job-creation, MSMEs constitute a critical part of the government’s diversification agenda.

Oyetola reiterated his Administration’s commitment to scaling up the ease-of-doing business in the State. He said the initiative would go a long way to resuscitate moribund businesses and investments in the State.

Governor Oyetola disclosed that over N6.5 billion of the Central Bank of Nigeria and Osun intervention funds has been disbursed to 31,888 beneficiaries in different categories.

He said the State had invested hugely in the economy as evidenced in the successes recorded so far.

“To actualise seamless cash flow among citizens, we have intervened in the issue surrounding business support funds from the Central Bank of Nigeria and facilitated timely release of the sum of Six Hundred and Thirty-Six Million, One Hundred and Ninety-Five Thousand (N636.195,000.00) to the State through Osun Micro Credit Agency in collaboration with Participating Financial Institutions in the State for disbursement to selected beneficiaries as approved by the CBN.

“Other citizens who fall within the classification of Small and Medium Enterprise Businesses who are interested in the fund should approach Osun Micro Credit Agency for possible enrolment in the next tranche of MSMEDF.

“This exercise is another effort by our Administration to strengthen our economy through the provision of support for our Small and Medium Scale Enterprises.

“I wish to note that with this disbursement flag- off, the total number of beneficiaries of the CBN and Osun Government intervention funds is 31, 888 and the total amount disbursed from the fund for Micro, Small and Medium Enterprises Development in the State so far stands at N6.5 billion.

“Since assumption of office, we have, in addition to our strategic investment in transforming the Agriculture, Tourism and Mining Sectors, focused attention on improving the performances of our MSMEs. This is because we believe that a virile MSMEs space holds limitless opportunities for our State.

“We are convinced that when there is greater accessibility to funding, requisite infrastructure, an enabling environment devoid of common limitations and a political will to drive the requisite policies, our MSMEs would be empowered to spread their wings and fly. All these we have passionately put to work since we assumed office,” he added.

Also speaking, the Acting General Manager, Osun Micro Credit Agency, Sanya Olopade appreciated the timely and prompt intervention of the government which has been helping the agency to soar higher.

He urged the beneficiaries to use the money judiciously and apply it for the purpose it was meant for, just as he appealed to them to refund the loan on record time so as to give others same opportunity.

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‘End SARS protest now a thing of show-off’ – Bello Shagari

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Bello, grandson of late former President Shehu Shagari has said a lot of Nigerians who identify with the End SARS movement are doing it to a show-off

According to him, most End SARS protesters are claiming to be activists and have little understanding of socio-political system.

On his Facebook page, Shagari wrote: “A lot of the young people who identify with the#EndSARS protest are doing so because it has become fashionable.

”This has become a thing of show off; that everyone is now an activist. Whereas most of them have little understanding of the socio-political system.”

He admonished youths to focus and mobilize votes for 2023 election rather than protest, adopt a progressive approach which will yield meaningful result.

“However, my advice has always been that we shouldn’t focus too much in protests when we can do better by mobilizing young people’s votes to achieve a change in the entire political system, or to change our present realities, or at least to be in charge of them.

“We must adopt a more progressive and strategic approach rather than the usual disruptive one which hasn’t yielded any meaningful results. You cannot be doing the same thing and expect a different result.

“Use this same energy and reinforce it into a political power at the polls,” his post read.

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Nnamdi Kanu: Group condemns denial of Ezeife, Ubah entry into courtroom

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An Igbo interest group, Coalition of South East Youth Leaders (COSEYL) has condemned the denial of former Anambra State governor, and elder statesman, Chukwuemeka Ezeife and Senator Ifeanyi Ubah entry into the Abuja courtroom for the trial of the leader of Indigenous People of Biafra (IPOB) Nnamdi Kanu, on Thursday.

COSEYL in a statement by its President General, Goodluck Ibem, said the denial of the two and other Igbo leaders entry into the courtroom was an insult on Igbo people.

The body said it was enraged by the unprofessional conduct of the Department of State Security Services (DSS) for barring such respected Igbo leaders from gaining access into the courtroom, and described the action of the DSS as desecration of the temple of Justice.

The release stated in part that: “The DSS operatives threatened to shoot lawyers and Igbo leaders who dared to enforce their right by approaching the entrance to the courtroom. They said they were acting on orders from above.

“Does the order from above also include ordering them to assassinate great Igbo leaders in broad daylight at the court premises? Is the Nigerian Court now the court of the North, where no Igbo man is allowed access? It is so pathetic. This present administration has destroyed all our democratic ethos,” it lamented.

It further stated that: “What played out at the court today is the height of insult against Ndigbo and we condemn it in its entirety. It is very clear that the present regime enjoys insulting the sensibility of the Igbo race.

“Dr. Ezeife, Senator Ifeanyi Ubah and other great Igbo leaders were representatives of the Igbo Nation, they were denied access to the court in a matter involving their own son and brother, Mazi Nnamdi Kanu in a supposed democratic administration.

“Only a society that has no respect for elders and fundamental human rights will stop highly respected statesmen in the society who are great and respected personalities from gaining access to the courtroom. Dr. Ezeife is a former Governor and Senator Ubah is a serving Senator but they were denied access because they are of the Igbo tribe.”

The group said the DSS was a part of the executive arm of government that executes its orders and that they had no powers under a democratic government to dictate who enters the courtroom that is totally under the Judiciary arm of government.

“It is an aberration and a travesty of the law for the DSS operatives to stand at the entrance of the courtroom to dictate who enters and who does not enter the courtroom.

“What happened today in court at the hearing of Mazi Nnamdi Kanu’s case clearly shows that we are not in a democratic administration but a military regime that has no respect for fundamental human rights and the constitution of the Federal Republic of Nigeria which the President swore to protect.

“There is nowhere in the world where the president in a democratic administration dictates what happens in the court. The Judiciary is an independent arm of government separated from the executive arm. The Judiciary is the last hope of the common man and everyone is entitled to approach the court.”

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Nnamdi Kanu: IPOB gives conditions to dialogue with Buhari govt

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The Indigenous People of Biafra, IPOB, on Thursday gave the President Muhammadu Buhari-led Federal Government conditions for dialogue.

IPOB’s spokesman, Emma Powerful said the group would listen to the Federal Government when its leader, Nnamdi Kanu is released unconditionally.

Powerful also noted that the Federal Government should set a date for the referendum of Biafra.

In a statement he signed, Powerful insisted that Kanu committed no crime to warrant being arrested and prosecuted.

He maintained that Kanu should not be detained while terrorists are roaming the streets freely.

According to Powerful: “Our leader Mazi Nnamdi Kanu committed no crime to deserve persecution by the federal government that is openly hobnobbing with real terrorists and Fulani bandits but crushing peaceful agitators.

“We demand unconditional release of our Leader. He should not be in detention while real terrorists and mass murderers are parading freely on the streets.

“Nigeria government should prepare a date for the referendum on Biafra for people to decide where to stay either in Biafra or Nigeria.Those who want to sabotage Biafra freedom should wait for the referendum date.

“IPOB demands nothing other than unconditional release of our great leader, Mazi Nnamdi KANU, and a date for the Biafra referendum.

“We are not interested in any dialogue unless our Leader, Mazi Nnamdi KANU is released before we can sit with anybody for discussion.”

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