Business
RSG Embarks On Poultry Market Disinfection
Rivers State Ministry of Agriculture has commenced the decontamination of poultry markets in the state as part of its efforts to ensure that all poultry markets are free of Avian influenza in the beginning of the New Year.
The Programme Manager, Avian Influenza Control Programme, in the state Ministry of Agriculture, Dr Allwell Emejuru, who stated this in an interview with The Tide, Tuesday said the exercise which began since the beginning of this month was part of the continuous efforts to totally prevent an out break of bird flu as was experienced in the recent past.
Emejuru explained that the exercise was carried out in registered poultry markets in Port Harcourt metropolis but would be extended to registered markets in the 23 local government areas of the state.
He, therefore, called on poultry farm owners to come forth to the veterinary department of the Agric ministry to collect disinfectants for their poultries, saying that the disinfectants are free.
The programme manager used the forum to call on the public to report any suspected case of bird flu (Avian Influenza) to the veterinary department of the ministry.
Sources hinted that the current disinfection exercise was designed to prevent bird flu outbreak after the first major outbreak in the state in 2006.
Since then, The Tide learnt that the ministry in collaboration with the Federal Avian Influenza Control Department has embarked on the decontamination exercise bi-monthly.
Sogbeba Dokubo
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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