Niger Delta
Eno Launches Free Food Scheme, Floats N1.5bn Loan Facility In A’Ibom
Akwa Ibom State Governor, Pastor Umo Eno, has flagged off free food programme and access voucher for the vulnerable people to mitigate the prevailing hunger and poverty exacerbated by the current socio-economic travails in the country.
As a measure to complement the scheme, the Governor, who performed the ceremony at the popular Itam International market, in Itu Local Government Area, also announced the interest – free loan wallet of N1.5 billion for traders and business owners.
The loan facility across the three Senatorial Districts comprising Uyo, Ikot Ekpene and Eket is to be managed by the FADAMA Micro Finance Bank.
The Tide’s source learnt that the free food voucher is a key component of the Bulk Purchases Agency (BPA) Bill that was signed into law last week, and the Board inaugurated by the Governor for quick-to-crash food prices in the state.
“The key responsibility of the Agency, is to provide free staple food items: garri, rice and beans to the most vulnerable through the Social Register (SR),” the Governor explained.
He added that the intervention became necessary to alleviate the sufferings of the people in this trying times.
“We had reviewed all of the options, and this for us, remains the best. We are partnering with the market leaders and I want to thank them for the cooperation we have so far received from them.
“Let me repeat here, that this is purely an interventionist act; the solution to our food security remains the need for us to go back to the farm.
“I have heard of how some of you go to some places to get loans with very high interest rates and that has made the cost of food to go up, and before you finish paying the loans, you cannot meet up with your market or trading obligations anymore.
“I have come to tell you not to take such loans anymore. Consequently, we are releasing Five Hundred Million Naira (N500 million) interest -free loans to each of the three senatorial districts (1.5 billion Naira in total), to help your business,” Eno said.
The Governor also promised to construct a car park, provide solar panel light, modern toilet facilities, all of which were the requests of the leadership of the Itam Market.
He, therefore, directed the Transition Chairmen of the remaining 29 councils, excluding Itu and Uyo Local Government Areas to ensure they launch the free voucher food program next week.
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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