Niger Delta

Edo, BoI Unveil Fund For 50,000 Entrepreneurs

Published

4 years ago

September 27, 2021

The Edo State Government and the Bank of Industry (BoI), have unveiled a Micro, Small and Medium Enterprise (MSME) development fund worth N2 billion 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 N2 billion. 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 has 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 stated.
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 N165 million 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.

Niger Delta

Court Declares DESTMA Activities Unconstitutional

Published

2 days ago

January 12, 2026

The Tide

The Delta State High Court sitting in Warri has declared the power of the Delta State Traffic Management Authority (DESTMA) to arrest traffic offenders and impose fines as illegal and unconstitutional.

In a judgment delivered on Wednesday in Suit No. W/348/2016: Chuks Christian Ofili v. Attorney-General of Delta State & Anor, Hon. Justice Ejiro Emudainowho struck down Section 18(1) of the Delta State Traffic Management Authority Law, 2013, holding that it conflicts with the 1999 Constitution (as amended).

The court held that DESTMA and its officials lacked the legal authority to impose fines, penalties or sanctions, or to confiscate vehicle number plates without first charging and securing a conviction before a competent court.

Justice Emudainowho ruled that the seizure of the claimant’s number plate and the imposition of a N30,000 fine without trial amounted to a “flagrant violation” of the claimant’s right to fair hearing and freedom of movement under Sections 36(1) and 41(1) of the constitution.

Among other reliefs, the court set aside the “Notification of New Traffic Offences and Penalties” issued against the claimant, ordered the refund of N30,000 paid for the release of the number plate, awarded N500,000 as legal costs and N300,000 as damages, with 10 percent interest per annum.

Reacting to the judgment, the claimant’s counsel, Olukunle Ogheneovo Edun, said the ruling affirms constitutional supremacy.

“The court was clear that only a competent court of law can impose penalties. Administrative agencies cannot assume judicial powers”, he said.

Niger Delta

COAS Praises Bayelsa On Military Welfare … As Diri Hands Over Residential Quarters To Army Chief

Published

2 days ago

January 12, 2026

The Tide

The Nigerian Army has commended the Bayelsa State Government for promoting the welfare of its officers and men as part of efforts to enhance peace and security in the state.

The Chief of Army Staff, Lt. Gen. Waidi Shaibu, gave the commendation on Thursday when he led other senior military officers on a courtesy/condolence visit to the State Governor, Douye Diri, in Government House, Yenagoa.

Gen. Shaibu praised the Bayelsa government for constructing and handing over residential accommodation to the Nigerian Army 16 Brigade at Elebele.

The army chief noted that the initiative would greatly ease the brigade’s accommodation challenges.

Shaibu, who explained that he was on a maiden operational visit to the state to assess the combat readiness of men and officers of the Command, also commiserated with the governor and the Ewhrudjakpo family on the passing of the Deputy Governor, Senator Lawrence Ewhrudjakpo.

“My reason for coming here are two-fold. We are here for my maiden operational visit to the 6th Division area of responsibility, which also covers Bayelsa State.

“I’m also here with a heart of gratitude and appreciation for what you have done for the 16 Brigade, which is the construction and completion of apartments made up of nine units of three bedroom flats for non-commissioned officers and two blocks of nine units of two bedroom apartments for non-commissioned officers.

“This gesture will go a long way in mitigating the accommodation challenges that the Brigade is facing. It will be a great relief for the Nigerian Army”, he said.

Responding, Diri thanked Gen. Shaibu for acknowledging the modest contribution of the state government towards improving the safety of lives and property of the citizenry.

He lauded the various security agencies for exhibiting a high sense of professionalism in the discharge of their duties.

“I like to use this opportunity to commend the Nigerian Army and other armed forces for what you are doing to ensure that Nigeria is safe and secure. For us in government, we all appreciate and understand that you are making sacrifices for our public safety.

“I implore you to continue to do what you are doing very well at all times. We are always here to support you in whichever form that we can, so that you will also have a conducive environment to enable you discharge your duties creditably.

“l’m equally happy that we were able to start and complete those buildings. We know that, like you rightly said, it will ease the accommodation demands of the officers in the 16 Brigade”, he said.

By; Ariwera Ibibo-Howells, Yenagoa

Niger Delta

Eno Inaugurates Committees On TSA, International Airport Status

Published

2 days ago

January 12, 2026

The Tide

Akwa Ibom State Governor, Umo Eno, has inaugurated two inter-ministerial committees to supervise the implementation of the International Airport Status for the Victor Attah International Airport, and for the Treasury Single Account for Internally Generated Revenues.

While inaugurating the committees at the Government House, Uyo, Eno expressed confidence in the competence of the members of the committee to achieve the mandate.

“The committees’ establishment marks another strategic step in the administration’s drive to strengthen governance systems.

“It will also ensure the fast-tracking and the completion of major development projects in the state”, the Governor said.

He further said the members of the Inter-Ministerial Committee on International Airport Status Implementation include Secretary to the State Government, Mr. Enobong Uwah, who would serve as the Chairman.

Others are the Commissioner for Finance/Special Duties, Mr. Emem Bob; the Managing Director, Ibom Air, Mr. George Uriesi; and Mr. Ephraim Udosen, Permanent Secretary for Special Duties, among others.

“The Inter-Ministerial Committee on the Implementation of TSA-IGR has Commissioner for Finance, Mr. Emem Bob, as Chairman.

“Others are the Attorney-General and Commissioner for Justice, Mr. Uko Udom, SAN; Commissioner for Science and Digital Economy, Dr. Frank Ekpenyong; Commissioner for Local Government and Chieftaincy Affairs, Mr. Frank Archibong; Commissioner for Lands, Dr. Ubong Inyang, among others.”

The Governor noted that the members’ expertise would contribute significantly to the state’s infrastructural growth and financial stability.

He urged them to intensify efforts and ensure that all preparatory works remained on schedule.

“I charge the committee on the state’s airport with the responsibility of ensuring accelerated progress and meeting all required benchmarks ahead of the facility’s operational kick-off in April, 2026.

“I expect this committee to work tirelessly to ensure the realisation and commencement of full operations at the international airport by the first week of April 2026″, he said.

Eno emphasised the need for transparency, fiscal discipline and effective coordination across government agencies, saying that no agency of government was permitted to operate a single independent account.

He reaffirmed the termination of contracts for consultants on revenue generation, adding that all revenue must be generated and expended through a unified treasury account.

The Governor urged all MDAs to work with the Inter-Ministerial Committee, headed by the Commissioner for Finance to ensure that the expected results were achieved and on time.

He maintained that tenement rates would be paid into the treasury single account and urged full compliance from homeowners across the state.