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December 20, 2024 15,000 Youths Receive N750m Business Grant in Akwa Ibom

15,000 Youths Receive N750m Business Grant in Akwa Ibom

In keeping with his charter with the youths of the State and in furtherance of his youth empowerment initiatives, Akwa Ibom State Governor, Pastor Umo Eno, has disbursed ₦750 million in business grants to 15,000 unemployed youths.
Presenting the cheques at Government House, Uyo, the Governor said the event was a testament to the fact that, “We don’t just talk the talk, but we also walk the talk.
Recall that the Governor had presented an audacious plan to empower fifty thousand (50,000) youths across the 31 Local Government Areas of the State, beginning in October 2024, in appreciation of their commitment to the development of the State.
He noted that although putting the machinery in place to achieve a goal is always challenging, the official launch of the programme is proof that, “Whatever we say, we mean it. I am sure that by the report of the Senior Special Assistant on ICT this afternoon, you have seen the robust work that has gone into this programme.
Governor Eno explained that the grant is aimed at supporting unemployed youths to start something meaningful while waiting for other employment opportunities on the portal.
He noted that 60,000 youths will benefit from the programme within one year and urged the beneficiaries to ensure the judicious application of the seed money, think big, and put their hearts and souls where their passions are.
He assured that the State is ready to support willing and prepared youths to achieve their full potential, saying, “The majority of our youths have great attributes, and I want to use this opportunity to challenge you to think big, put your hearts and souls into where your passion and skills lie, and the Government will partner with and support you.
“You have all it takes to succeed. I will give you the wings to fly, the fuel to lift your flight of success, and the guidance to land safely. All you need to do is believe and apply your faith, and it will happen. If it could work for me or anyone else, it can and will surely work for you,” he added.
For the umpteenth time, the Governor appreciated the youths for staying away from violent tendencies, their continuous support for the ARISE Agenda, and their contributions to the development of the State.
Presenting a progress report on youth-related support initiatives of the government, the Senior Special Assistant to the Governor on ICT and Digital Services, Dr. Frank Ekpenyong, noted that the business support grant to 15,000 youths was a fraction of the overall 100,000 youths targeted to be empowered through different initiatives.
He said the programmes, including skills training at the Dakkada Skills Acquisition Centre, the recruitment of 3,000 youths into the Ibom Community Watch, and the increase in bursaries for students in public tertiary institutions from ₦10,000 to ₦20,000 for undergraduates, and from ₦10,000 to ₦30,000 for professional students (Law, Medicine, Engineering, and Agriculture) for 20,000 students in the 2024/2025 academic session, as well as educational grants for 1,000 public tertiary institution students living with disabilities at ₦250,000 for undergraduates and ₦300,000 for professional and postgraduate students, were in progress.
Earlier, the Permanent Secretary, Ministry of Humanitarian Affairs, Mrs. Eno Ime Akpan, who described the Governor as a compassionate father, appreciated him for the numerous empowerment packages for the youths.
In their separate remarks, the Commissioner for Youth Development and Sports, Sir Monday Uko; the Chairman of the Association of Local Governments of Nigeria (ALGON), Dr. Uwemedimo Udo; the Senior Special Assistant to the Governor on Youths, Mr. Iniobong Akpan; and the Special Assistant on Female Youths, Mrs. Esther Sam, appreciated the Governor for fulfilling his promise to the youths and assured him of their continuous support for the ARISE Agenda.
December 18, 2024 National Assembly Seeks to Ban Local Transactions in Foreign Currency

National Assembly Seeks to Ban Local Transactions in Foreign Currency

The bill seeking to prohibit the use of foreign currency in Nigeria has scaled first reading in the House of Senate.

The bill, titled “A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters,” was sponsored by the Chairman of the Senate Committee on Reparations and Repatriation, Senator NED NWOKO.

The proposed legislation is aimed at ensuring all payments including salaries and other transactions are done using the local currency, Naira.

December 3, 2024 Obong Victor Attah Tasks Ibom Golf Resort to Attract International Competition to the Facility

Obong Victor Attah Tasks Ibom Golf Resort to Attract International Competition to the Facility

Former Governor of Akwa Ibom State, Architect Obong VICTOR ATTAH, has urged management of Ibom Golf and Country Club, to introduce international flavour to Ibom Golf competition by inviting renowned world class golfers in order to give the golf course the exposure it deserves.

Speaking at the recent 86th birthday anniversary celebration organized in his honour by members of Ibom Golf and Country Club, in Uyo, the former Governor also known as the Father of Modern Akwa Ibom, suggested that the state government also bring in Polo and fishing competition as that would get more attraction to the State.

Meanwhile, in an interview with newsmen, the Captain of Ibom Golf and Country Club, ISUA ARCHIBONG, explained that they chose to celebrate the former Governor whom they call Arc of Ibom Golf, during his birthday period for giving them a place where they can have fun for their wellbeing, network with all classes of people by arranging a tournament to honour him.

Similarly, Chairman of the Central planning Committee, SAMUEL THOMAS, said it has become a tradition to celebrate the living sage who, as Governor twenty-two years ago, built for Akwa Ibom State, the best Golf Course in West Africa and to which Akwa Ibom is the toast of golfers and for golfers in Nigeria and outside.

He used the opportunity to thank all their sponsors including Ibom Air, Nsik Motors, Ubotex, E-Motion, Equatorial Trust Goddy’s Chemical, the planning committee as well as the Club management whom he described as exceptional.

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

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.

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