Business
Minister Assures On Empowerment Through Art
The Minister of Culture, Tourism and National Orientation,
Mr Edem Dukeon has reiterated the ministry’s commitment towards the
sustainability of economic empowerment through art exhibition.
Duke, who was represented by the Director of Culture in the
ministry, Mr George Ufot, said this in Abuja at the opening of a 10-day
Australian Art Exhibition in Nigeria.
The theme of the exhibition is “ Message Stick: Indigenous
identity in urban Australia.”
The minister said that Nigeria and Australia had sustained
its close cultural relationship in the promotion of the unique development of
both countries.
He noted that cultural heritage was seen as a way of life by
a group of human beings passed from one generation to the next.
The minister, however, stressed that the culture of the
Aboriginal people which was an indigenous tribe in Australia had survived
because of their ability to adapt and change over time.
“The Aboriginal Australians are the descendants of Africa
whose ancestors might have been the major group that left Africa.
“This is the reason why Nigeria and Australia have to hold
onto the cultural ties as these people might also be descendants from
Nigeria.’’
Duke said that the Nigerian government had helped in
promoting art exhibitions by carrying out exhibitions in collaboration with
several other countries of the world.
He, however, promised to also take the trend of the
Australian government by collaborating with the National Gallery of Arts to
show-case Nigerian Artists to the outside world.
Mr Abdullahi Muku, the Director-General, National Gallery of
Art, said the ministry was set to create an enabling environment for Nigerian
artists to practice.
“The future of art is very great because it has been
appreciated by most people of the world.
“We are, therefore, going to create an enabling environment
for talented artists to practice so as to be useful to themselves and the world
at large.’’
Muku noted that since art was one crucial area that had
brought wealth to a nation, there was need for the sector to be developed so as
to further create employment opportunity for the people.
“ The art exhibition is to create enlightenment in art
acquisition.
“The ministry has discussed with other embassies for similar
exhibition so as to create awareness and also boost the GDP of the country.’’
In his response Mr Ian McConville, the Australian High
Commissioner, said that he would intensify efforts to connect with other
indigenous artists all over the world by promoting their work.
He stressed the need for the richness and diversity of
indigenous culture and the different languages, dialects and geographical
landscapes to be promoted.
Reports say that certificates were presented to nine Nigerian
artists who specialised in photography.
They are Godswill Ayemoba, Yunusa Abdullahi, Jonah Odah,
Patrick Amanama, Terso Gundu and Amina Muktar.
Others are Olusimi Afun-Ogidan, Ini Nya-Etok and
Abdulrrahmen Abdulaziz.
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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