Business
Tourism: Plateau Bans Erection Of Structures
The Plateau State Government has banned the erection of any form of structure on the many hills scattered around the state.
The General Manager, Jos Metropolitan Development Board (JMDB), Mr Mathias Hata,told our correspondent in Jos on Tuesday that such structures had always defaced the natural beauty of the state.
“Plateau is a home of tourism and we have to preserve the beauty by keeping the hills intact; no one is permitted to erect any structure on top of hills.’’
Hata disclosed that many structures had already been marked for demolition and explained that many of them were around the Bauchi Ring Road and Naraguta areas of Jos city.
The official said that structures to be erected within the Jos and Bukuru axis must be permitted by the JMDB.
He explained there was a committee on city renewal saddled with the responsibility of approving temporary structures that would be erected “for some period of time’’.
Hata said, however, that an embargo had been placed on the approval of temporary structures.
He listed some structures that could be considered illegal and be demolished to include those erected on government lands, waterways and drains as well as defective structures.
The General Manager said the JMDB was poised to recover the lost beauty of Jos by adhering strictly to its original masterplan.
Hata stressed the advantages of a well planned city to include better security, improved traffic flow and a cleaner environment.
“A well planned city will also ease the need for proper ventilation and street lights, as well as the provision of recreational centres.’’
He advised Plateau residents to continue to support the JMDB to make Josan attractive city.
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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