Business
NBS Solicits Job Creation Data From Households
The National Bureau of Statistics (NBS) has appealed to households to cooperate with its enumerators to collect statistical information that will guide government in creating jobs in the country.
Mr Muhammed Muritala, a Supervisor of an Enumeration Team, told newsmen in Abuja last Wednesday that the call became imperative because the level of statistical awareness in the country was low.
“That is why it takes some enumerators long period to get data from respondents,’’ he said.
Muritala gave an instance of a household in Abaji Area Council of FCT that he assisted in “pounding yam in order to elicit response to his questionnaire.
“At the end, the woman refused to respond to my questions due to low level of statistical awareness.’’
Mr Oladokun Akinola, the State Officer of NBS in FCT, said its field workers have commenced collecting data on job creation.
He said the survey covered households, private establishments, Ministries, Departments and Agencies (MDAs) across the country.
Akinola said the exercise commenced on December 6 and would end on December 21.
“The purpose of the survey is to assist the Federal Government to track jobs created and provide information on the kind of jobs people want.
“It would also help government to monitor and evaluate its programmes and policies toward job creation.’’
According to him, three modules would be used to collect the data.
“The first is to know all the households in each Enumeration Area (EA) and select 17 households to administer questionnaires on.
“The second is to administer questionnaires on some selected private establishments and institutions. The third is to collect data from the MDAs.’’
Akinola said the field workers were to identify 60 EAs in each of the 36 states and the FCT and interrogate 17 selected households in each EA.
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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