Business
Envoy Tasks Turkey On Human Capital Development
The Turkish Ambassador to Nigeria, Ali Rifat Koksal, has advised his host country to invest more on human capital so as to achieve its goal of being among the top economies of the world.
Koksal gave the advice while fielding questions from newsmen on the celebration of Eid-El-Kabir at the Turkish International College in Abuja on Sunday.
The Ambassador said that the strength of Nigeria’s development was not in its crude oil but on its huge population and the diversity of its people.
He said that improved education of Nigerians would improve the people’s standard of living.
Our correspondent reports that the Turkish community in the FCT celebrated Eid-El-Kabir by distributing food to the poor in the orphanages and some rural areas in the FCT and its environs.
Meanwhile, Governor Ibrahim Dankwambo of Gombe State called on the people to ensure peaceful coexistence and unity among them.
Dankwambo, who stated this in Gombe on Sunday in his Sallah message, urged the traditional and religious leaders in the state to be steadfast in prayers for peace to prevail.
“It is the necessary catalyst to the continuous socio-economic development of our communities.
“Irrespective of religious or ethnic differences, we should live peacefully with one another.” The governor urged people to pray for the safe return of those who went for the pilgrimage in Saudi Arabia.
Dankwambo reassured the people that his government would remain focused and committed towards fostering development by providing socio economic infrastructure as well as ensuring security of lives and property.
He prayed for the repose of the soul of the late Deputy Governor of Gombe, Mr. David Albashi, adding that the deceased was a statesman of rare qualities.
And from Maiduguri came the report that the Shehu of Borno, Alhaji Abubakar Ibn Garbai had commended Govember Kashim Shettima over the way and manner he handled the security challenges in the state. Garbai gave the commendation while speaking at his palace shortly after observing the congregational prayer held at the Ramat Square in the metropolis.
He said that following the intervention of government in the sectarian crises that engulfed Borno and the redeployment of the Joint Task Force (JTF) to the state, the crises had reduced to the barest minimum.
The Shehu appealed to the Federal Government to recharge the Lake Chad River and construct the Kukawa-Malamfatori road as well as build a bridge across the Kala Balge River in the state.
And in Katsina, the Chief Imam, Alhaji Liman Lawal called for continued prayers for the security, peace and progress of Nigeria as an indivisible country.
Lawal made the call in his Ed-el-Kabir sermon after the Ed prayers at the Kofar Guga praying ground in Katsina on Sunday.
He maintained that it was only through prayers that the present insecurity could be addressed in the country and hence, the need for all and sundry to embrace prayers, so that unity, peace and progress of the nation could be achieved. Thousands of Muslims attended the prayers, including the Emir of Katsina, Alhaji Abdulmumin Kabir and all the District Heads in the Katsina Emirate.
Similar prayers were also held at the GRA praying ground with the State Governor, Alhaji Ibrahim Shema and his Deputy, Alhaji Abdullahi Garba, in attendance.
The Imam of the GRA praying ground, Alhaji Sirajo Kankia in his sermon called on the Federal Government not to withdraw fuel subsidy as it would aggravate the problems of the citizenry.
He also advised members of the National Assembly not to pass the proposed bill on same sex marriage.
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.
Business
Yenagoa’s Radisson Hotel Ready December — NCDMB, Other
Business
RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing
-
News11 hours agoRSG Reiterates Commitment To Youth Dev
-
Business8 hours agoNSCDC Discloses Illegal Dump Site In Ikwerre Community
-
Rivers8 hours agoPolice Launch Community-Centred National Day Celebration In Rivers, Today
-
Business8 hours agoYenagoa’s Radisson Hotel Ready December — NCDMB, Other
-
Maritime8 hours agoMWUN Raises Alarm Over Port Security Lapses In Lagos
-
Maritime8 hours agoNNS Hands Over Two Suspected Stowaways to Immigration Service
-
Maritime9 hours agoMaritime Workers Demand Reinstatement Of Tally Clerks, Gangway Security Over Port Revenue Loss
-
Environment8 hours agoWDC: Rivers State Deputy Governor, Prof. Odu Call Inclusion Of Woman And Girls Decision Making
