Niger Delta
Warri LG Empowers 250 SMEs With Items, Cash
The Chairman, Warri South Local Government Area of Delta, Dr Michael Tidi, says about 250 small business operators have benefited from the council’s empowerment programme, comprising both cash and items worth N25 million.
Tidi made this known in Warri at the maiden edition of Enterprise and Empowerment Initiative programme of his administration.
He said that the gesture was part of his effort to scale up economic activities in the oil-rich city.
Fifty of the beneficiaries were given the Point of Sale (POS) machines and a sum of N70,000 each to enable them to set up their businesses.
The remaining 200 beneficiaries were given cheques of N100, 000 each to inject into their already existing businesses.
Addressing the beneficiaries, Tidi said that they were drawn from the National Social Register of Delta through the Community Based Targeting (CBT).
He explained that the CBT was saddled with the responsibility of identifying the poors and vulnerables in the communities of Warri South.
“This is the brainchild of the first and second edition of the Warri Economic Summit, which Gov. Ifeanyi Okowa and some economic eggheads and industry personnel attended.
“Part of the recommendations was what we are gradually implementing here today. You and I know that economic progress is anchored on SMEs. This is SME acceleration in every sense of the word.
“This Economic Empowerment programme is a response to the observed deficiencies in the capital base of small scale business operators.
“And lack of investment in human capital development at the grassroots, resulting to uneven distribution of resources to the poor and vulnerable,” Tidi said.
The chairman said that the empowerment was in line with the Okowa’s agenda on human capital development programmes.
“Wherein some small scale business operators in the LGA, who are at the bottom of economic pyramid, are identified for inclusion to access Micro Credit toward boosting their businesses,” he said.
Tidi, however, thanked the governor whom he described as his “mentor” for the various youths empowerment programmes in the state.
While assuring that the programme would come up again in no distant time, he said that its sustainability would be determined by how judicious and efficient the recipients put the resources into use.
“We will be encouraged to do more when we observe that recipients are committed to their business.
“Remember, the council has details of all the recipients and such will be monitoring the extent to which this opportunity will be utilised by the beneficiaries,” Tidi said.
The chairman said that the programme has nothing to do with elections, but rather strictly based on the needs of the people.
He noted that N25 million injected into the economy through the programme would drive the economy of the Warri city.
Tidi said he had embarked on the rehabilitation of the existing boreholes within the council, constructed a befitting Chairman’s Residential Quarters, provided solar light, renovated roads, schools among others that since inception of his administration.
One of the beneficiaries, Mrs Anthonia Babajide, commended the local government chairman, assuring him that she would put the money into judicious use.
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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