Niger Delta

Edo, BOI Unveil Fund For 50,000 Entrepreneurs

Published

4 years ago

September 1, 2021

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.

Niger Delta

Uyo High Court Awards Damages To Masquerade Over Arrest

Published

1 week ago

December 8, 2025

The Tide

A High Court in Uyo, Akwa Ibom State, has awarded damages to a masquerade who was arrested by the State Police Command for allegedly disturbing public peace during traditional worship rites.

The arrest followed an executive order reportedly issued by the State Governor, directing the Commissioner of Police to detain any masquerade seen performing during the Yuletide period.

Acting on this directive, a masquerade, identified as Mr. Effiong, a practitioner of traditional worship, was arrested and subsequently charged to court.

In a landmark ruling, the court sided with Mr. Effiong and his custodian, affirming that Ekpo, a recognised traditional religious practice in Akwa Ibom State, is protected under the law, and that its adherents are entitled to the fundamental rights guaranteed by the Constitution.

The judge held that Mr. Effiong’s arrest and detention violated his rights to personal liberty and freedom of religion.

The court ordered his immediate and unconditional release and directed the Akwa Ibom State Government to pay damages for the infringement of his fundamental human rights and freedom of worship.

Human rights experts have hailed the judgment as a significant affirmation of Nigeria’s constitutional protection of traditional religious practices, emphasising the importance of respecting the country’s cultural and religious diversity.

By: Enoch Epelle

Niger Delta

MOSIEND Seeks Water Projects In Buguma From NDDC … Urges RSG To Revamp Fish Farm

Published

1 week ago

December 8, 2025

The Tide

The Movement for the Survival of the Izon Ethnic Nationality in the Niger Delta (MOSIEND) has called on the Management of Niger Delta Development Commission (NDDC) to embark on water projects in Buguma city in Asari Toru Local Government Area (ASALGA), Rivers State

The Group also called on the Rivers State government to revamp the Buguma fish farm to create employment for the teeming youths.

On the water project in Buguma, MOSIEND said the population of Buguma has increased tremendously and that the residents need more water projects to enhance the daily livelihood of the people.

The Group also appealed to the Chairman of the LGA to assist in making the project a reality and also attract more developmental projects to the LGA.

MOSIEND’s Eastern Zonal Coordinator, Half Hour, Comrade Tammy Bruce Longjohn, made the call on a radio programme in Rhythm 93.7fm, “Talk of the Town”.

LongJohn, who made the call alongside the Chairman of MOSIEND in Buguma, Mark Ojuka, and his counterpart in Obuama, Hon. Sandra Owunari, also called on the Management of Nigeria Liquidifed Natural Gas (NLNG) to embark on a free medical outreach in all Kalabari communities to improve their health status.

He appealed to NLNG to award scholarship to indigens of Kalabari communities in tertiary institutions to better their education, noting that the company is doing same in Bonny, while abandoning Kalabari communities

“We need contracts, free medicals, scholarships and employment, including skill acquisition programmes for our teeming youths in Kalabari extractions”, LongJohn stated.

On Security, Mark Ojuka said security in Buguma is at zero level with the help of the Amama soldiers, saying “the city is more peaceful and investor-friendly as the youths of the area have cordial relationship with the security agencies in the area.

“Security is very secured in Buguma clan”

On revamping the Buguma fish farm, he said, “The youths are asking for human capacity building in the area to reduce unemployment.

“The revamping of the Buguma fish farm will also reduce youth violence.”

By: Chinedu Wosu

Niger Delta

Make God Your Anchor To Fulfill Destiny, Cleric Charges Christians … As Jaja Marks 70th Birthday

Published

2 weeks ago

December 5, 2025

The Tide

The Lead Pastor at Jesus Appointed People’s Bible Church, Ozogbe, Ikwerrengwo-Etche, in Etche Local Government Area of Rivers State, Pastor Promise Nwaelele, has urged Christians to make God the anchor of their lives in whatever position they find themselves, in order to attain the destinies set for them by God.

Pastor Nwaelele, who gave the charge recently in a sermon he preached at the 70th birthday anniversary thanksgiving service of Sir Donald Michael Jaja, a veteran journalist in Rivers State, said this is because any genuine child of God is a permanent target for destabilization and destruction by the devil.

Taking his text from the Bible book of Mark 4:16-17, the preacher stated that fulfilment in life for a child of God required faith, obedience to God’s word, humility and grace to withstand trials and temptations.

According to him, temptations and afflictions are bound to happen in the lives of those who have accepted Jesus Christ as their Lord and Savior.

“No wonder the Bible said that those that endure till the end shall be saved”, he said.

The Clergyman said God prospers believers who are humble, not proud and conceited, and leads them to destiny fulfilment.

“David said in Psalm 51:17, that the sacrifices acceptable to God are a broken spirit, not an impatient or proud spirit”, the preacher said.

He called on Christians not to allow persecutions and afflictions to sway them from the love and blessings of Jesus Christ.

On his part, Jaja, a seasoned Journalist who retired as an Acting Editor of the Rivers State Government-owned The Tide Newspaper, gave thanks to God for honouring him by giving him the grace of attaining 70 years.

“I cannot capture what the good Lord has done for me in my entire life in this fleeting moment of thanksgiving. But, I know that without Him, I wouldn’t have been who I am today, in all spheres. Therefore, my joy knows no bounds as I give thanks to my creator today, alongside my family. Praise be His holy name”, Jaja said.