Business

World Food Day: Ondo Disburses N23.9m Loan To 70 Young Farmers

Published

10 years ago

October 19, 2016

Governor Olusegun
Mimiko of Ondo State on Monday disbursed N23.9 million to 70 young farmers and agro-entrepreneurs to support them to start their own agricultural ventures.
Mimiko, who was represented by his Chief of Staff, Dr Kola Ademujimi, said that the loan was at a single interest rate of 2.5 per cent for a period of two years with a moratorium period of six months.
The governor said that it was in line with his administration’s resolve to support micro and small businesses.
”This administration through Ondo State Micro Credit Agency (OSMA) has also disbursed about N3 billion under different schemes, targeting market women, artisan groups and small businesses.
”Over N1.5 billion was disbursed directly by the state government and another N1.4 billion had been disbursed under the ODSG/CBN MSMEs loan scheme,’’ he said.
The governor, therefore, charged the beneficiaries to use the funds judiciously and for its purpose.
According to him, all funds given would be repaid because there is monitoring team put in place to ensure prompt repayment.
He urged those that could not benefit from the disbursement not to be discouraged, assuring them that another batch of disbursement would be carried out soon.
Reports say that the loan amount ranged from N250, 000 to N500, 000 per beneficiary for a period of two years with submission of their original degree certificates and NYSC certificates as collateral.
Also speaking, the Chairman of WECA, Bolanle Funmiloye, said that the loan was to support small holder farmers as they were the keys to food security.
Funmiloye said that it was another milestone of continuous mission to engage the youth productivity and transform them into wealth creators and employers of labour using the agricultural sector as a vehicle.
She added the agency has a mandate to develop a new crop of young professional farmers and entrepreneurs that would use agriculture as a tool for wealth creation in the state.
”The agency established four Agro Business Cities in three senatorial districts in the state and set up agricultural processing centres in Akure.
”Since inception, over 2,500 of the youths have benefitted from this programme,’’ she said.
According to her, 630 graduates have also benefitted from Pro-farmers and Agro-entrepreneurs Sustainable Scheme (PASS) since its inauguration in 2014 by Gov. Mimiko.
She said that the beneficiaries, who were trained for 12-18 months were given between N10,000 – N30,000 profit from sales of agricultural products.
The chairman stated that the agency has variety of products, which are specially produced and has WECA logo such as: ‘eja WECA’, ‘Adiye WECA’, ‘Agbado WECA’; ‘Ege WECA’, `Eyin WECA’ and WECA beef from the programme, saying other products would soon be added.
Funmiloye said that the state through WECA has the best government-driven strategy and programmes for youths in agriculture and agri-business in the country.
Two of the beneficiaries, Mr Kayode Oni, a graduate of Sociology and Anthropology 2011 from Obafemi Awolowo, University, Ile-Ife, got N350,000 and Mrs Grace Oni, a graduate of Federal Polytechnic, Ado- Ekiti, got N250,000.00.

Business

RIVERS NDC STANDARD BEARER CAUTIONS AGAINST TRIBAL POLITICS IN 2027

Published

2 days ago

June 8, 2026

The Tide

Governorship candidate of The National Democratic Congress (NDC) in Rivers State, Chief Dumo Lulu-Briggs, has called on politicians and other stakeholders in the state not to make the governorship seat of Rivers State an ethnic agenda.

Chief Lulu-Briggs, who said this in an interview with newsmen shortly after arrival from Abuja, also blamed the alleged unenviable position of Rivers State among the comity of states in the country on the political class.

He said stakeholders must avoid a situation where the state would be plunged into another round of political crisis, adding that given the ethnic and cultural diversity of the state, it was necessary to give everyone a sense of inclusion by ensuring that the governorship seat rotates among the ethnic nationalities.

The NDC governorship flag bearer condemned the alleged intimidation of the electorate, noting that the situation has underdeveloped the state.

He said, if elected, his administration would provide the democratic dividends that will improve the lives of the people.

In a similar development, the state chairman of the National Democratic Congress (NDC) Rivers State, Mr Success Jack, says his party will run an all inclusive government in the state.

Mr Jack, who spoke to newsmen in Port Harcourt, promised that an NDC controlled government will always consult with the people before taking any decisions.

According to him, based on his party’s ideology of “Solid, Strong Accommodating”, the NDC offers hope to the hopeless and the downtrodden.

“We assure you that we are fully ready. Our party is a platform that is open to everybody whether APC or PDP, we offer hope. Our ideology is Solid, Strong, Accommodating. The manifesto of our party is anchored on the ideology of providing genuine service to the people”.

Mr Jack also stressed that the policies of an NDC government would be crafted in such a way and manner that serves the primary and secondary interests of the people.

“This is not what you find in other parties.What you find in other parties is utmost impunity, absolute impunity, where the people are not included, they are not consulted and so their opinion does not count, they don’t know what government wants to do because they didn’t contribute to what government wants to do.

“That’s not the case here. We listen to the people, even provide the way forward, (and) the details for the way forward because we provide the framework as a government but the people will provide the details because they are the ones that wear the shoes and they know where it pinches them”, he said.

By: John Bibor

Business

Navy Upgrades Infrastructure To Tackle Security Threats —— CNS

Published

2 days ago

June 8, 2026

The Tide

The Nigerian Navy says it is expanding its infrastructures and training to tackle emerging security threats

Navy also said the service is aimed at strengthening operational efficiency across formations and units nationwide.

Chief of Naval Staff, Vice Adm. Idi Abbas stated this during the inauguration of projects at the Nigerian Navy Basic Training School (NNBTS) in Onne, Rivers, as part of activities marking the Nigerian Navy’s 70th anniversary.

Represented by the Flag Officer Commanding, Naval Training Command (NAVTRAC), Rear Adm. Ebiobowei Zipele, Abbas said the projects reflected significant progress made by the Navy since its establishment in 1956 from the British Royal Navy.

“Training and infrastructure have improved significantly to meet contemporary security challenges and fulfil the Navy’s constitutional responsibilities.”

According to him, the anniversary provides the navy an opportunity to reflect on its achievements and contributions over the past seven decades.

Projects inaugurated included a remodelled female trainees’ hostel accommodating more than 500 occupants and an expanded golf course upgraded from one to nine holes.

Others facilities include the NNBTS fuel dump, Chief Boatswain’s Mate House, renovated pharmacy department and a new theatre block at the Naval Medical Centre, Onne.

Abbas described the new theatre as a major milestone for the navy’s medical services.

“Previously, injured personnel requiring surgeries were referred outside the facility.

With this theatre, surgeries can now be conducted within the base”, he said.

He added that a 30KVA inverter had also been installed to guarantee uninterrupted electricity supply at the training school.

The Naval chief assured officers, ratings and trainees that the Navy leadership remained committed to their welfare and wellbeing.

“These infrastructure upgrades show the commitment of the Chief of Naval Staff to addressing operational and welfare challenges promptly,” he said.

NAVTRAC also distributed educational materials to pupils of Community Primary Schools One and Two, Ogale, in Ebubu-Eleme area.

Items distributed included exercise books, school bags and other writing materials as part of the navy’s civil-military engagement initiative.

Zipele said the outreach was designed to strengthen relations between the navy and host communities while supporting children’s education.

“Education remains critical to national growth and youth empowerment. Some of these pupils may eventually serve in the Nigerian Navy,” he said.

He noted that the initiative demonstrated the navy’s commitment to educational development, peace, security and sustainable community relations.

Zipele urged the pupils to remain disciplined, focused and committed to their studies while embracing patriotism, integrity and hard work.

He thanked the Ebubu community for its continued support for the naval training command headquarters and the navy.

By: CHINEDU WOSU

Business

Airport Road Remains Only For Airport Activities —-Gov. Fubara

Published

2 days ago

June 8, 2026

The Tide

Rivers State Governor, Sir. Siminalayi Fubara says Airport road will soon be accessible only for Airport activities in the state.

The Governor said this recently while inspecting the level l0of construction work on the Igwuruta By-Pass Road project in Ikwerre Local Government Area.

The Governor who expressed optimism over the progress of work on the project, saying the By-pass road will reduced unrelated activities on the Airport area in the state.

Governor Fubara explained that the By-pass road was designed in collaboration with the host community to address accessibility concerns while preserving the operational integrity of the airport corridor.

“So, we liaised with the community and created this By-pass,” he stated.

The governor further clarified the objective of the road project, saying it would provide the residents with a dedicated access route separate from the airport operations.

“The purpose of the By-pass is so needful that the community can have this as their own way, their own entrance, while the airport will remain only for airport activity once these roads are completed,” he said.

Providing an update on the pace of work, Fubara disclosed that the project had already achieved a major milestone in execution.

“So far, they’ve done about 65% of the job,” the governor announced,

revealing that contractors handling the project had assured the state government of timely delivery.

He also expressed confidence that the bypass would be completed before October.

“They’re also promising that before October, the total project will be delivered,” he added.

By: Enoch Epelle