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We Have Disbursed N100bn In Five Years To Support Businesses —- Keyamo

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Festus Keyamo, minister of state for labour and employment, says the federal government has disbursed N100 billion in five years to support businesses.

Keyamo, who was represented by Abubakar Nuhu Fikpo, director-general of the National Directorate of Employment (NDE), disclosed this in a statement issued on Sunday.

Speaking at an empowerment programme held in Jos, the minister said the disbursement of N100 billion was done through the Development Bank of Nigeria since 2017.

“You will all agree with me that unemployment is one of the remote causes of banditry, terrorism, corruption and other forms of criminality,” the statement reads.

“Even though the Federal Government is working hard at check terrorism and all other forms of criminality and violent crimes, it is equally prosecuting the war against mass unemployment.

“I am proud that the National Directorate of Employment (NDE), whose board I am privileged to chair and also directly supervise, is effectively leading that war against mass unemployment.

“Let me inform you all that the Federal Government has put all plans in place to ensure that businesses succeed in Nigeria.

“The present administration has launched a series of funding and capacity development initiatives designed to support Micro, Small and Medium Enterprises (MSMEs).

“Since 2017, the Development Bank of Nigeria has disbursed a total of N100 billion through the bank’s 27 participating financial institutions (PFIs), thereby impacting more than 100,000 MSMEs.

“It is heartwarming to note that 52 percent of loans disbursed in 2019 and 2020 were to youths and women-owned businesses.”

He added that empowerment programmes for women were designed to ensure that beneficiaries acquire relevant skills for starting their own businesses.

“Our goal is to provide them with quick income-generating opportunities because of their roles in providing family support and sound social stability at the very foundation of society,” he said.

“I am proud to inform you that the Women Employment Branch (WEB) of the Small Scale Enterprises Department of the NDE is responsible for driving initiatives aimed at providing ample opportunities for women with the entire framework of our employment creation processes.

“Our objective in empowering women is clear. We create employment for women to improve their socio-economic status, reduce poverty, create wealth and boost their leadership qualities so that they can have a say in their immediate community in relevant decision-making processes.”

BIG STORY

BREAKING: Oyo Governor Approves Appointment Of Canadian-Based Businessman Prince Abimbola As New Alaafin

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After a two-year dispute over the vacant Alaafin of Oyo stool, Governor Seyi Makinde of Oyo State has approved the appointment of Abimbola Owoade, a young Canadian-based businessman, as the new monarch of the kingdom.

 

More to come…

 

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Dismissed Kano SSG Abdullahi Bichi Threatens To Expose Government, Political Figures

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The recently dismissed Secretary to the Kano State Government, Abdullahi Bichi, has threatened to reveal what he described as “explosive evidence” against political figures, accusing them of deceit and betrayal.

Bichi, who was removed from office in December 2024, made the declaration upon his return from Saudi Arabia.

In a viral video shared on Thursday, he addressed his supporters and accused the leaders of betrayal and deceit, saying, “I’m happy I left the office in peace, but let me be clear: this is not the best time to talk. At the right time, we will expose them.”

“I have documents, videos, and voice notes that will show everyone who they really are,” Bichi added.

The former SSG’s strained relationship with Governor Abba Yusuf and his mentor, Senator Rabiu Kwankwaso, became evident after his suspension from the New Nigeria People’s Party (NNPP) on October 14, 2024. Bichi described the leaders as “masters of betrayal,” claiming his evidence would expose their true nature.

Political observers and residents of Kano are speculating on whether Bichi will follow through with his threats, and how it may impact the political landscape in the region.

Bichi was accused of attempting to sever Yusuf’s ties with Kwankwaso’s political influence. He was subsequently suspended from the party alongside then-Transportation Commissioner, Muhammad Diggol.

The State NNPP Chairman, Hashimu Dungurawa, stated that the suspension followed multiple complaints from party leadership at the ward and local government levels.

Dungurawa emphasized that the actions of the suspended officials undermined the party’s leadership and structure.

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DSS Arrests Blogger For Cloning Its Website, Posting Fake Recruitment Notice

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Operatives of the Department of State Services (DSS) have arrested the man responsible for cloning its website and posting a false recruitment notice.

It was gathered that 32-year-old Sylvester Victor Augustus, a native of Abak Local Government Area in Akwa-Ibom State, was apprehended on Thursday at his residence on Akpan Eno Lane in Abak, Abak LGA.

Augustus, who claimed to be a graduate of the University of Uyo (UNIUYO) and worked as a blogger and content creator, had created a fake online recruitment notice on the cloned DSS website, likely intending to defraud unsuspecting members of the public.

The DSS has labeled the notice “fake” and urged the public to avoid falling victim to such fraudulent schemes. Augustus is expected to be arraigned in court soon.

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