Business
Ogoni Clean-Up: Youth Accuse HYPREP Of Sabotage
A Pan Ogoni Youth Organisation known as Ogoni Youth Federation (OYF), has accused the management of the Hydrocarbons Pollution Remediation Project, (HYPREP) of using the Federal Government as a cover up to sabotage the Ogoni clean-up process.
The group which expressed this in a petition to the Office of the Vice President of the Federal Republic of Nigeria, said what is on ground in Ogoni regarding the clean up process was a complete deviation of the UNEP report recommendation on the clean-up of the polluted environment.
The petition which was signed by the president of the body, Comrade Legborsi Yaamabana read in part;
”During the flag-off event,of the Ogoni clean-up, the Federal Government stated that the implementation of the Report will be done holistically and in a manner that ensures transparency, accountability, genuine partnership and proper representation of the people at the grassroots as well as guarantee job creation for young people and that Angro-allied industries required for processing agricultural. produce will be put in place.”
“More than three years after the flag-off and the laudable assurances given, we regret to state that the manner and processes for the implementation of the recommendations of the UNEP Report run completely against the assurances given by the Federal Government and more importantly, the very recommendations of the UNEP Report.”
The group regretted that the palliative measures identified by UNEP in their recommendations to alleviate the plight of the Ogoni people have been flawed which includes,
Provision of adequate sources of drinking water to the affected people, posting signs, in areas where hydrocarbons were observed on surface water, warning people not to fish, swim or bathe in those areas, ensuring that everyone who has consumed water from contaminated sources undertakes a comprehensive medical examination by physicians knowledgeable about the possible adverse effects of the hydrocarbons detected.
Comprehensive debommissioning of oil facilities that fail an ‘Asset Integrity Management Plan for Ogoni, setting up of an Integrated Contaminated Soil Management Centre comprisilig an Incinerator, Themial Unit, Soil Washing Unit and a Contaminated Water Treatment Unit. The centre, which should drive the clean-up, is expected to be a modern industrial enterprise in Ogoniland that would employ hundreds of people
Bringing all sources 0f ongoing contamination, including artisanal refining, to a swift end before the clean-up, and for the purpose, the sum of $10 million is recommended for the provison of alternative employment for those in artisanal refining, among others.
The body, in the petition also said; “ We consider it very sad and barbaric that, as we speak, not only has nothing being done about any of these emergency measures but also the national and international visibility of the Ogoni issue have been fraudulently exploited to score cheap political points at every opportunity.”
The body frowned against what it described as, the” complete alienation of the Ogonis indiginenes in the participation of the clean-up exercise, which sends a dangerous signal to the world that the clean up process is another gimmick designed to frustrate the Ogoni clean-up and send Ogoni to economic extinction.
While expressing confidence in the commitment of the Federal Government to implement the Ogoni clean-up to specification, the group called on the Federal Government to investigate the activities of HYPREP and save the Ogoni people from institutional sabotage by HYPREP.
Taneh Beemene
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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