Business
NDLEA Begins Recruitment Exercise
The recruitment exercise embarked upon by the National Drug Law Enforcement Agency (NDLEA) is yet to be concluded, a statement said.
Our correspondent reports that the NDLEA had asked applicants to apply online in the exercise which began late last year.
The NDLEA chairman, Mr Ahmed Giade, in the statement urged applicants to be patient as they would be informed of their positions soon.
Giade’s statement was in reaction to an alleged attack on its Kano command offices by some youths, who claimed that inappropriate candidates were recruited in the Kano command.
He noted that the selection process was ongoing, describing the attack as baseless, unwarranted and misguided.
“It is amazing where they got their information that inappropriate candidates have been selected for Kano State. The exercise is ongoing and thus far, no name had been released.
“The Agency is a Federal Government establishment and its recruitment process is based on the principle of federal character and fair play,’’ he said.
Giade assured applicants that the selection process would be transparent and fair and advised youths to be law abiding.
He said security had been beefed up in all its formations following intelligence report on the planned attack.
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.
Business
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