Business
Bauchi Govt Creates 30,000 Job Opportunities
No fewer than 30,000 youths were employed by the Bauchi State Government in the past four years in its effort to reduce unemployment in the state.
The state Governor, Malam Isa Yuguda, gave the figure in Tafawa Balewa in Bauchi State on Sunday at the celebration of the Lemb Zaar annual cultural festival.
The festival is organised by Sayawa ethnic group of Tafawa Balewa and Bogoro local government areas of the state.
Represented by his Deputy, Alhaji Sagir Saleh, Yuguda said that most of the youths were engaged in the areas of sanitation and security duties.
He also said that “government’s policy direction in the area of culture is to explore the viability of culture as catalyst for development, so as to fit into its development strategies.
“We will, therefore, continue to provide all the support required for the cultural industry to thrive.
“The benefits derivable are in nurturing the skills and potentials of our ever-increasing workforce, predominantly the youth, to be more positive, alert, and proactive.
“Besides skill acquisition in various professions and trade, more than 30,000 youth have been employed in various activities like sanitation and security duties.”
The governor commended the Sayawa tribesmen for their initiative in organising the annual cultural festival, and therefore urged other stakeholders in the culture sector to follow suit.
Yuguda gave the assurance that his administration would continue to provide social amenities that would enhance the living condition of the people.
He also called on the people of the state to live in peace with one another, adding that the creation of Sayawa Chiefdom was not meant to alienate the non-Sayawa people in the new Chiefdom.
In his speech, National President of Zaar Development Association (ZDA), the umbrella body of Sayawa ethnic group, Mr Bala Gambar, thanked the state government for creating the chiefdom.
Gambar also demanded the establishment of customary courts to take care of litigations that were peculiar to non-Muslims.
In his remarks, the Guest Speaker at the occasion, Dr Bala Takaya, recommended continuous dialogue as an effective tool in resolving conflicts among groups or communities.
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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