News
Aggrieved Trainees Of ‘Ibom 3000 Project’ Threaten Protest
Some of the trainees of the 3000 project of Akwa Ibom State Government, who claimed to be abandoned, have threatened to stage a protest.
The state government, through the Ministry of Trade and Investment, had in 2021 commenced the training of 3,000 youths in a scheme meant to identify, train, mentor, empower and build the capacity of existing Small and Medium Enterprises (SMEs) and startups across the 31 local councils of the state.
The scheme was meant to run in three phases with each phase having 1000 trainees who would focus on three areas of choice which included, oil and gas, agribusiness, ICT, and SMEs to enable them to secure gainful employment.
However, the beneficiaries of the project, who have successfully concluded their training on April 2021, have expressed worry that they have neither gotten the certification nor startups as promised by the government over one year of the exercise.
It was gathered that the graduation exercise was stalled following the resignation of the then commissioner, Mr. Prince Akpabio in pursuit of his political ambition.
A trainee, who identified himself as Mfon, narrated to our correspondent that the new Commissioner, Engr. Camillus Essien Umoh, invited them to the state secretariat for a graduation ceremony but later dismissed them promising to fix another date for the exercise as he was very new in office.
Mfon, who lamented that nothing has been done yet, urged the state government to fulfill its promise by giving them the start-ups so as to put what they learnt into practice adding that they are wasting away.
Another trainee, who did not want her name mentioned for fear of victimisation, regretted that despite the stress they passed through and the monies spent on transportation from her local government, Ikono, to the State Secretariat, Uyo which was their rallying point, she is yet to receive the startups from the government.
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She said, “the stress was too much. We would go to the Ministry and the car they made available will convey members to different designated training centres around the local government.
“By 4:00 pm they will convey you back to the secretariat where you go back to your destination. It was not easy for some people from far distance, to transport themselves to the state secretariat, some people from Ini, Ibeno really suffered because they paid their way to Uyo. the government told us that at the end of the training they will empower us, but nothing is being done.”
Also, another trainee identified as Joseph disclosed that they felt abandoned by the state government noting that plans are underway to embark on a protest.
“Upon all the promises by the state government to us during the training, nothing has been done, no empowerment, nothing, and they will be telling us to come today, come tomorrow. We are planning a day to go out for protest because we are not happy at all,” he said.
However, a source in the Ministry of Trade and Investment, who also pleaded anonymity, explained that the graduation ceremony would have taken place in April but following the resignation of then-commissioner, Prince Akpabio to contest for the House of Assembly, the ceremony was stalled.
He attributed the delay to the rise in the exchange rate adding that the laptops that were supposed to be given to those in ICT were estimated at about N150, 000 each but have risen to N550,000 now adding that the state government is doing something about that.
READ ALSO: APC Has No Governorship Candidate In Akwa Ibom, INEC Declares
According to the source, “from the market survey we conducted so far, the estimated price for laptops has gone up. Another memo has been sent to the governor on the variation so that the Items can be purchased.
“They should be more patient. If they are given money equivalent they may lavish the money and that may not make meaning to them. The graduation ceremony would be done at the same time.”
DAILY POST
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
News
Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.
Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.
He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.
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“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.
He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.
“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.
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“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.
DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.
News
IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police
The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.
Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.
Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.
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“All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”
On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.
“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”
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