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November 30, 2024 Federal Government Disburses N40b to Small Businesses in Nigeria
IFMUYONEWS

Federal Government Disburses N40b to Small Businesses in Nigeria

The Federal Government in collaboration with the Bank of Industry (BoI), has disbursed 40 billion naira to 810,945 Micro, Small and Medium entrepreneurs (MSMEs) in 774 Local Government Areas across the country.

According to the bank, the disbursement is under the 50 billion naira Presidential Grants and Loans Scheme to meet the needs of one million SMEs in the country.

Flagging off the disbursement at a Town Hall meeting, in Maiduguri, Borno state, the BoI State Manager, MUKHTAR MUSA disclosed that the Bank and National Assembly have targeted traders, Information and Communication Technology (ICT) providers, transporters, and artisans in the various trades of profession.

In a breakdown of the disbursement, MUSA said that 70 percent of the loans and grants are for youths and women, while 10 per cent each were also allocated to people with disabilities, pensioners and vulnerable groups in the six geopolitical zones.

November 30, 2024 Ngozi Okonjo Iweala Gets Nod for 2nd Term as World Trade Organization DG
IFMUYONEWS

Ngozi Okonjo Iweala Gets Nod for 2nd Term as World Trade Organization DG

Nigeria’s NGOZI OKONJO-IWEALA has been reappointed as the Director General of the World Trade Organisation (WTO).

This is her second term in office. Her present stint will end on 31 August 2025. She was first elected as the Director General of World Trade Organisation on February 15, 2021.

OKONJO-IWEALA, the first woman and the first African to head the World Trade Organisation was the only candidate in the race and had been all but assured a second term.

The organisation’s 166 members yesterday agreed to give incumbent NGOZI OKONJO-IWEALA a second term as director-general.

In her acceptance speech, she promised to get to work immediately and deliver on the results of improving the welfare of people around the world.

Since taking the WTO reins, OKONJO-IWEALA has tried to breathe new life into the fragile organisation, pushing for a fresh focus on areas like climate change and health.

Meanwhile, President BOLA TINUBU has congratulated Dr NGOZI OKONJO-IWEALA, on her unanimous re-election as the Director-General of the World Trade Organisation.

TINUBU in a statement also assured OKONJO-IWEALA of Nigeria’s steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices, and tireless efforts to promote international cooperation

November 29, 2024 IPMAN Akwa Ibom Denies Plans for Strike Action in December
IFMUYONEWS

IPMAN Akwa Ibom Denies Plans for Strike Action in December

The Chairman of the Independent Marketers Association of Nigeria (IPMAN), Akwa Ibom State Chapter, FRANCIS UDOYEN, says the union would not embark on strike as speculated in some section of the media.

According to him, the strike rumour stemmed from those he termed a faceless group of individuals.

It was earlier reported by that IPMAN, Akwa Ibom State chapter had concluded plans to withdraw services in the State from Sunday 1st December, 2024 in a protest over fifteen Thousand naira levy said to have been imposed on the members.

UDOYEN in a telephone interview with Inspiration FM News, said the union could not have taken such decision without the express permission of the national body, which he noted was not privy to the rumored strike.

Furthermore, the IPMAN chairman cautioned residents in Akwa Ibom against panic buying of petroleum products, adding that measures were being put in place to resolve what he called internal wrangling within the union in the state.

Inspiration FM news gathered that the report purportedly emanated from certain aggrieved members of IPMAN, who warned residents of the State to use the remaining days before Sunday 1st December to acquire as more products as they can in preparation for the planned withdrawal of service by petroleum Marketers.

November 29, 2024 Akwa Ibom State Government Inaugurates Committee to State of Boarding Facilities in the State
IFMUYONEWS

Akwa Ibom State Government Inaugurates Committee to State of Boarding Facilities in the State

The Akwa Ibom State Government has inaugurated a 15-member committee to investigate the conditions of boarding facilities in public secondary and technical schools in the State.

The committee is expected to deliver on the charge of carry out investigations on schools within three weeks and submit its report by December 20, 2024.

The committee has a retired permanent secretary in the State Civil Service, Mr. EKANABASI UBONG as Chairman.

Inaugurating the committee, the Commissioner for Education, Mrs. IDONGESIT ETIEBIET, thanked the committee for accepting the responsibility bestowed on them and urged them to be honest and forthright in their report.

Chairman of the committee, Mr. EKANABASI UBONG in his response assured the state government that the team will carry out the responsibility charged on them.

Commissioner ETIEBET who was flanked by the Chairman, State Secondary Education Board, Dr. EKAETTE EBONG OKON, further sued the committee to propose an action plan for implementing the recommendations, including timelines and responsibilities.

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