Business
Stakeholders Urge Campaign Against Illicit Drugs
Some Lagos residents
have called for more awareness programmes on illicit drug use and trafficking to reduce their intake and trafficking by the youth.
The residents, who spoke to our correspondent on Sunday, urged National Drug Law Enforcement Agency (NDLEA) to create more public awareness on the negative effects of drugs to the society.
A lawyer, Mr Kayode Ademiluyi, said that NDLEA, as an agency of the government, was doing its best but needed to do more in terms of publicity.
‘’It is not only NDLEA that is saddled with the responsibility of curbing drug abuse and trafficking, rather it is the responsibility of everyone but there is need for NDLEA to publicise the issue of drug trafficking the more.
‘’It is not only to arrest and prosecute offenders but publicity is key to reducing this menace. ‘The agency must let people know the dangers of engaging in this form illegality,’’ he said.
Ademiluyi, who attributed the cause of illicit drug use by youths to family upbringing, urged parents to inculcate good moral values in their children at an early stage of their upbringing.
‘’We need to educate our children on the dangers of these illicit drugs and also have time for them so that the country at large can be a better place for us all,’’ he said.
Another lawyer, Mr Spurgeon Attainne, said that the NDLEA should collaborate more with international organisations and communities to reduce drug abuse.
‘’Awareness is key to the successful reduction of illicit drug trafficking in the country. Much still needs to be done to reduce drug abuse in the country,’’ he noted.
A security expert, Mr Wilson Esangbedo, said that NDLEA needed more funds to boost its role in ensuring the reduction of illicit drug trafficking and abuse.
He said limited budget might make the agency not to be effective in performing its duties.
‘’I am not sure the agency has done enough, it needs more funds because when you look at the drug issue, it still needs to be seriously tackled.
Esangbedo attributed the use of illicit drugs by the youth to family backgrounds and poor home training.
‘’Lack of family culture and values can be said to be the bane of illicit drugs by youths in the society,’’ he said.
Mr Abayomi Davies, a father and a businessman, urged parents to give children good moral upbringing to reduce peer influence on them, which might lead them to indulge in drug use.
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.
-
News5 hours agoRSG Reiterates Commitment To Youth Dev
-
News5 hours agoKwankwaso Dumps NNPP, May Join ADC Today
-
Business3 hours agoNSCDC Discloses Illegal Dump Site In Ikwerre Community
-
Maritime3 hours agoMWUN Raises Alarm Over Port Security Lapses In Lagos
-
Business3 hours agoYenagoa’s Radisson Hotel Ready December — NCDMB, Other
-
Maritime3 hours agoMaritime Workers Demand Reinstatement Of Tally Clerks, Gangway Security Over Port Revenue Loss
-
Rivers3 hours agoEducation Commissioner Lauds STAN Executive, Appreciates Support
-
Maritime3 hours agoNNS Hands Over Two Suspected Stowaways to Immigration Service