Business
297,000 Vulnerable Households Get Stipends In 20 States -Uwais
Presidential aide on National Social Investment Programmes (NSIP), Mrs Maryam Uwais, says that the Federal Government has captured 455,000 vulnerable households in the National Social Register.
Speaking to newsmen while presenting the scorecard of the NSIP at the state House, Uwais stated that no fewer than 297,973 households had been mined and being paid stipends in 20 states.
According to her there are no fewer than 80 million poor Nigerians and the office want to get the poorest persons data using appropriate means.
“So far, we have 455,857 poor and vulnerable households uploaded onto the National Social Register, from which 297,973 households have been mined and are being paid stipends in 20 States.
“These states are Jigawa, Bauchi State, Kogi, Osun, Cross Rivers, Anambra, Katsina State, Kano State, Taraba, Gombe State, Adamawa, Niger, Nassarawa State, Benue, Oyo State, Ekiti, Kwara, Borno (IDP), Kaduna State and Plateau,” she added.
She observed that credible targeting was a major concern in National Cash Transfer Programme, prompting the National Social Investment Office (NSIO) to develop a Social Register in all the states that met the criteria provided in the agreement signed with it.
Uwais also disclosed that 259,541 beneficiaries in 4,784 cooperatives were paid in the Government Enterprise and Empowerment in 36 states and FCT while the next batch of 148,611 loans had been approved for disbursement.
In the National Home Grown School Feeding (NHGSFP), Uwais stated that 7,054,687 pupils were currently being fed daily in 20 states with two states (Katsina State and Gombe State) to begin soon.
“We have also hired and empowered 72,510 cooks in the 53,541 schools being serviced.
“These states are: Anambra, Enugu State, Oyo State, Osun, Ogun, Ebonyi, Zamfara, Delta, Abia, Benue, Plateau, Bauchi State, Taraba, Kaduna State, Akwa-Ibom, Cross River, Imo, Jigawa, Niger and Kano State.”
She noted that in almost two years into the implementation of the programmes, the NSIO was continuously learning lessons and building bridges designed to achieve its overarching goals.
The Presidential Aide acknowledged that no fewer than 200,000 graduates were enrolled in the N-Power job scheme with 20,000 beneficiaries in the non-graduate category set to begin training in 34 States.
She noted that the organisation already had 2.5 million young people in its data base for employment.
Uwais said the Humanitarian Hub in Adamawa State, supported by the International Committee of the Red Cross, Presidential Committee on the North East Initiative and National Emergency Management Agency, had already selected successful applications and had prepared for the first batch of pitches.
She added that the Lagos Climate Change Hub, supported by the World Bank and the Lagos Business School, would throw open it’s challenges in March as the other six situated in the six geo-political zones were at various stages of development.
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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