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BREAKING: FG Begins Disbursement Of N200bn Palliative Loans

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The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process.

The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country.

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In a progress report posted on the trade minister’s official X (formerly Twitter) handle on Tuesday, Doris Aniete stated that an unspecified number of beneficiaries have received their grants, adding that by Friday, April 19, another significant disbursement will be made to a substantial number of verified applicants.

READ ALSO: ‘We Need Solution To Killings’ – Sen Plang Rubbishes ‘Palliatives’ For Plateau Victims

She said, “We are pleased to inform you that the disbursement process for the Presidential Conditional Grant Programme has officially commenced. Some beneficiaries have already received their grants, marking the beginning of our phased disbursement strategy.”

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“By Friday, 19th April 2024, a significant disbursement will be made to a substantial number of verified applicants. It is essential to understand that disbursements are ongoing, and not all applicants will receive their grants on this initial date. However, rest assured that all verified applicants will eventually receive their grants in subsequent phases.”

This is coming more than eight months after President Bola Tinubu announced the grant for manufacturers and small businesses and two weeks after applicants were directed to submit their National Identification Numbers as part of the requirements to obtain the grant earmarked to cushion the effect that recent economic reforms have had on businesses in the country.

In the address, the president said he was determined to strengthen the manufacturing sector, increase its capacity to expand, and create good-paying jobs.

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“We are going to spend N75bn between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start sustainable economic growth, accelerate structural transformation, and improve productivity.

‘’Each of the 75 manufacturing enterprises will be able to access N1bn credit at 9 per cent per annum with a maximum of 60 months repayment for long-term loans and 12 months for working capital,” Tinubu said.

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The programme, riddled with multiple delays and a complex registration process, had received several criticisms from prospective beneficiaries.

The President of the Association of Small Business Owners, Femi Egbesola, had decried the slow pace of data collation by the supervising agencies, alleging that genuine businesses were being deliberately discouraged from accessing the loans.

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PHOTOS: Peace Restored In Delta Community As Council Boss, Takeme, Wades In

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Tuomo, a riverine community in Delta State’s Burutu Local Government Area, is experiencing renewed calm following decisive intervention by local authorities to settle a heated leadership crisis.

On Monday, Burutu LGA Chairman, Dr. Julius Takeme, led a peace delegation to the area, spearheading reconciliation discussions and reinforcing the government’s commitment to long-term stability.

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Dr. Takeme highlighted his administration’s resolve to implement Governor Sheriff Oborevwori’s broader peace and security strategy for Burutu LGA.

Dr. Julius Takeme, Chairman, Burutu LG during the meeting on Monday, 30 June, 2025

Addressing the main source of discord—the controversial selection process for a new Amananawei (traditional ruler)—he emphasized the need for transparent and lawful resolution to avoid further division within the community.

READ ALSO: Clark’s Burial: Preparation In Top Gear As Burutu LG Boss Inspects Venue

“The council has zero tolerance for lawlessness or abuse of power,” Dr. Takeme declared, warning against intimidation, violence, or any form of extrajudicial detention.

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A cross section of community people during the peace/reconciliation meeting on Monday, 30 June,2025.

In direct remarks to Tuomo Community Chairman, Mr. Edonyaibo Morentei Warebi and the newly confirmed Amananawei, Chief Arebebe Ebiyemi, he stressed the responsibility of leadership to uphold legality and promote inclusiveness.

“Leadership should be anchored on the rule of law, not on threats or coercion,” he told them, urging both leaders to unite the community and fulfill their electoral commitments. He further warned against any mishandling of the reconciliation process, assuring residents that the administration remained fully invested in protecting lives and fostering peace.

The chairman was accompanied by a high-level delegation that included the Nigeria Police Area Commander for Burutu, ACP Redengha Timpa, whose on-the-ground presence was vital in maintaining order and preventing renewed conflict. Senior officials from the local government also joined the mission, demonstrating a coordinated approach to crisis management.

A cross section of community women during the peace/reconciliation meeting on Monday, 30 June,2025.

READ ALSO: Delta: Burutu LG Boss, Takeme, Inaugurates Peace, Advocacy Committee

During his address, Dr. Takeme commended the police for their professionalism and praised ACP Timpa’s continuous engagement as a key factor in defusing tensions and restoring a sense of security among residents.

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In response, Chief Arebebe Ebiyemi delivered a vote of thanks, acknowledging the chairman’s consistent intervention and pledging to work tirelessly for peace and unity. Community Chairman Mr. Warebi promised a leadership style grounded in inclusiveness and dialogue, describing this period as an opportunity to rebuild community trust and heal divisions.

Chief Ebiyemi further assured the council of his readiness to collaborate with all stakeholders in promoting a more harmonious and united Tuomo.

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JUST IN: Dangote Refinery Slashes Petrol Price

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The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre.

Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30.

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PMS price has been reduced from N880 to N840 per litre effective 30th June,” Chiejina said.

 

READ ALSO: BREAKING: Again, Dangote Refinery Cuts Petrol Price

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Recall that the Dangote refinery hiked the price of petrol to N880 as tension escalated during the 12-day crisis between Israel and Iran, raising the price of crude oil to almost $80 per barrel.

The PUNCH earlier reported that marketers anticipated that there would be a new price regime from Monday.

Dangote’s partners like MRS, Heyden and AP are expected to adjust their pump prices soon.

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Ondo Confirms Petitions Seeking Coroner’s Inquest Into Akeredolu’s Death

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Ondo State Attorney General and Commissioner for Justice, Dr. Olukayode Ajulo, on Monday confirmed receipt of petitions demanding a formal coroner’s inquest into the death of former Governor Oluwarotimi Akeredolu.

In a statement shared with The PUNCH, Ajulo declared that the public has every right under the Coroners Law of Ondo State to demand clarity in cases where foul play is suspected or questions linger.

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It is not out of place for citizens to demand its invocation when there are legitimate concerns.

“The Attorney General is duty-bound to act in accordance with the law once such concerns are raised by members of the public,” he stated.

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According to Ajulo, the Ministry of Justice has received multiple petitions, including from professional bodies and residents of the late governor’s hometown, urging his office to investigate what they described as troubling inconsistencies surrounding Akeredolu’s death.

Ajulo disclosed, “We have received petitions from groups both within and outside the state.

“Let me be clear: due process will be followed. The law is there to serve the people and ensure that truth and justice prevail.”

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He noted that while emotions are running high, no individual will be presumed guilty, and neither will the process be derailed by sentiment or political interference.

READ ALSO:Memorial Lecture: Akeredolu’s Widow Knocks Aiyedatiwa, Says ‘It’s Entry Point To Chop Money’

If invitations or arrests need to be made, the process will not deviate from doing the needful,” he declared.

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Ajulo clarified that decisions such as inspecting the governor’s remains or summoning individuals fall squarely under the discretion of the Coroner Judge.

The law will be allowed to take its course,” he emphasized.

Calling for calm and restraint, the Attorney General urged all stakeholders to approach the matter with a “deep sense of responsibility” to the legacy of the late governor and the peace of the state.

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READ ALSO:Memorial Lecture: Akeredolu’s Widow Knocks Aiyedatiwa, Says ‘It’s Entry Point To Chop Money’

We must approach this issue with civility, dignity, and a deep sense of responsibility to the legacy of the late Governor and the peace of the state,” he said.

Reaffirming the stance of the state’s leadership under Governor Lucky Aiyedatiwa, Ajulo wrote, “No one is above the law, and no one is beneath its protection. “Where the law provides a remedy, the government of Governor Aiyedatiwa will not be found wanting.”

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Until his death, Akeredolu was a two-term Governor of Ondo State and former President of the Nigerian Bar Association.

Reports from the state government stated that he died on December 27, 2023, at 67, after a prolonged battle with prostate cancer.

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