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Niger Delta

Edo, BOI Unveil Fund For 50,000 Entrepreneurs

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The Edo State Government and the Bank of Industry (BOI) have unveiled a Micro Small and Medium Enterprise (MSME) development fund worth N2billion to support entrepreneurs in the state.
The fund was launched during a citizens’ engagement session organised by the Edo State Skills Development Agency, also known as Edo Jobs, held at the Government House in Benin City.
Speaking at the event, Governor Godwin Obaseki said: “The Bank of Industry (BOI), which is a reliable partner, is here today to launch the MSME fund. The initial amount is N2billion. Edo State Government provided N1 billion, while BOI provided the other N1 billion, making it N2 billion, with an attractive interest rate.”
“In addition, we have a N165 million fund, as part of the first tranche from the Edo State Government. It will be made available to small businesses, which are currently domiciled in our production hub, to support and encourage them to grow their businesses.
“BOI had the capacity and resources to support this kind of programme. From this N2 billion fund, we estimate that we can impact as many as 50,000 businesses in Edo State. We have other facilities with other institutions like the Central Bank of Nigeria (CBN). This is a start-up fund, as we expect it to continue to grow: If you start with N50,000, now and when you do well tomorrow in your business, you will need N200,000.
“Borrowing is part of business, provided you continue to grow.”
The Governor assured that despite the COVID-19 pandemic, his administration remained committed to improving the livelihoods of the people and creating opportunities for the youths to thrive.
He stated: “We have continued to create opportunities for Edo youths as our administration is open, transparent and competent in all we do. We urge Edo people to trust us, as all the opportunities that we present are real, and life-transforming for Edo people.”
On his part, Managing Director/Chief Executive Officer, BOI, Mr. Olukayode Pitan, said that “in a quest to grow and develop MSME businesses in the country, the Bank has resolved to continue to collaborate with existing enterprises, as well as reputable local and international partners.
“This MSME fund is aimed at providing business loans to enterprises located within the state, while the second fund is the N165m Edo Production Hub Fund, financed by the Edo State Government. The Edo Production Hub Fund is managed by the BOI and is to support businesses located within the state-owned production hub.”
Later, the governor and his team, as well as his guests were, also taken on a guided tour of the Edo Production Hub. They also commissioned the new Bank of Industry Building in Benin City.

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Niger Delta

Police Arrest 95 Cultists, Recover Firearms In Benin Raids

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The Police Command in Edo State has arrested 95 suspected cultists and recovered multiple firearms and ammunition during a week-long operation targeting cult-related violence in the Benin metropolis.
The command’s Public Relations Officer, CSP Moses Yamu, disclosed this in a statement made available to The Tide’s source.
Yamu said operatives of the command also seized two locally made pistols, a single-barrel shotgun, and 24 live cartridges during intelligence-led raids.
According to him, the suspects are alleged members of the Maphites, Eiye, and Aye confraternities, which authorities say are responsible for recent cult supremacy killings in the state.
He said the Commissioner of Police in the state, Mr Monday Agbonika, warned youths against joining unlawful societies.
He noted that the commissioner urged parents to monitor their children’s activities.
“These groups destroy futures and end lives, both of members and innocent citizens”, he said.
Of the 95 suspects, he said that 64 had been charged to court, and remanded in custodian center, while investigations continued on the remaining cases.
The command’s spokesperson assured residents of Edo of continued efforts to dismantle cult networks and restore public safety.
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Niger Delta

Oyetola Distributes Life Jackets To Water Transportation Users In Bayelsa

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The Minister of Marine and Blue Economy, Adegboyega Oyetola, has distribution of 3,500 life jackets to water transportation users in Yenagoa, Bayelsa State Capital.
The Minister said the gesture was part of Federal Government’s efforts to tackle recurring boat mishaps in the country.
Oyetola explained the critical role water transportation had played in the daily lives of Nigerians, particularly in coastal and riverine communities.
He described the life jackets, which were long overdue, as reflecting the government’s unwavering commitment to preserving lives and promoting a safe marine environment.
“What we are doing here today is saving lives. It is that simple. With these life jackets, we are empowering our waterways users, fishermen, traders, students, and transport operators with the basic tools to survive and be safe”, Oyetola said.
The Tide’s source reports that similar life jackets were distributed in Minna, Niger State on April 29.
The programme is part of the Ministry of Marine and Blue Economy’s first phase of intervention.
The minister said Bayelsa was a priority in the campaign and commended Governor Douye Diri for aligning with the Federal Government’s Marine and Blue Economy agenda.
Oyetola applauded Bayelsa’s creation of a state Ministry of Marine and Blue Economy, and commitment to the development of the Agge Deep Seaport.
He described the seaport as “transformative and visionary,” capable of reshaping the economic landscape of not just Bayelsa, but the entire South-South region.
“The Agge Deep Seaport will serve as a major maritime gateway, facilitating international trade, reducing congestion at existing ports, create jobs, boost investments, and accelerate development in the Niger Delta.
Oyetola urged all boat operators and passengers to wear life jackets at all times, stressing that safety could not be compromised.
“They are not for decoration, they are for your protection. Safety is everyone’s responsibility”, Oyetola said.
Speaking earlier, Diri commended President Bola Ahmed Tinubu for creating the Federal Ministry of Marine and Blue Economy to harness Nigeria’s maritime potential.
Diri also praised Oyetola for fostering cooperation with Bayelsa and stressed the need for continuous public education on water safety.
“Education about safety on the waterways must be sustained if we are to reduce the tragic loss of lives from boat mishaps”, Diri said.
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C’ River Repeals Essential Drug Programme Law 2002

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The Cross River State House of Assembly has repealed the essential drugs programme law 2002 and passed the state’s Drugs and Health Commodities Management Agency bill, 2025 into law.
The bill, which was sponsored by the member representing Boki 2 State Constituency, Mr. Hillary Bisong, was first read at plenary on September 12, 2024.
It was later referred to the House Committee on Health, Nutrition and Food Security after the second reading.
Speaking on the bill, Bisong, who doubles as the Chairman of the Health Committee, recalled that the World Health Organisation (WHO) introduced  the Essential Drug Programme globally in 198, noting that in 2002, the programme was passaged in Cross River State.
He, however, said while  several provisions of the Essential Drug Programme Law were retained, the new law offered a more comprehensive framework.
“The law was transited from a programme-based structure to a full-fledged agency model, thereby expanding its scope of operation to meet the present day healthcare delivery realities.
‘’The proposed agency will take charge of enforcement of standards for proper management and distribution and overseeing circulation of drugs and health commodities across the state,’’ he explained.
In separate contributions, the lawmakers unanimously supported the bill, maintaining that the proposed agency would enhance the performance of the existing health insurance scheme as well as create employment opportunities.
Expressing happiness over the passage of the bill, the Speaker of the House, Mr. Elvert Ayambem, said the 10th Assembly would continue to enhance good governance through people-oriented legislation.
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