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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.

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.

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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.”

“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.

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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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Makinde Set To Recruit 7,000 Teachers In Oyo

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Governor Seyi Makinde Of Oyo State has noted that it is set to recruit 7,000 teachers into public primary schools.

This was disclosed by the Executive Chairman, Oyo State Universal Basic Education Board, OYOSUBEB, Dr. Nureni Aderemi Adeniran, during a press briefing in Ibadan on Friday.

The state government also said One hundred (100) caregivers will be employed into the special needs sub-sector in the state.

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Speaking during the briefing, Adeniran said efforts were ongoing before now to recruit the teachers, in fulfilment of Governor Makinde’s promise.

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“In fulfilment of his electoral promise and the yearnings of the people of Oyo State, occasioned by the gap of Teachers in our public primary schools, Governor Seyi Makinde has approved the recruitment of 7,000 teachers in our public primary schools. In addition, he also approved the recruitment of 100 caregivers in our special schools”, he said.

Adeniran said the recruitment needs to be brought to the public domain, to avoid misleading information by scammers.

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He appealed to intending applicants not to fall victim to fraudulent people, and be wary of scammers.

Adeniran stressed that the Board has not appointed anyone to be an agent to the Board, adding that the Board has just started preliminary work on the recruitment process.

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The stages to follow to have a free, fair, credible exercise will emanate from this Board, signed by me”, Adeniran said.

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He advised applicants not to hesitate to come to the Board to make enquiries and not rely on third-party information.

No Staff member has been empowered to collect money from applicants”, he reiterated.

We thank His Excellency for living up to his words. He fulfilled his promise and may God give him divine wisdom to navigate the affairs of the State.”

He said at the next stage, the Board will announce when applicants can apply, saying the Board is working with other relevant agencies for a seamless exercise.

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Adeniran said the Board will comply strictly with the Governor’s directive to conduct an exercise, based on merit.

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Why I Named University, College After My Mother – Oyinlola

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Former Osun State Governor, Olagunsoye Oyinlola has disclosed that he named his University and college of health of science after his mother to preserve her legacy.

Speaking with journalists while unveiling Alolade Oyinlola College of Health Sciences and Information Technology, Okuku, Osun State, he said his father’s legacy has been adequately preserved, hence, the decision to make sure his mother’s does not vanish.

He added that his motive for establishing the institutions of learning was to ensure that youths in the state and the country get adequate education to rethink their future with a view to become innovative and drive the development of the country.

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“My father never had formal education but he so believed in education that the only legacy and property he was going to leave for any child is education and the benefit of going through that is what is happening today.

“Many of you know my background that I am 43rd child out of 64 of my father, despite not being an educated person he insisted that all children are educated.

“Besides, my legacy and that of my father is adequately preserved and even documented and we cannot be forgotten in a hurry. But in 250 years rime, who will remember that woman that gave birth to Olagunsoye Oyinlola, hence the naming of this institutions after her.

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“Also, The greatest deficiency in health care programme in Nigeria today is the health sector and you will see the incident of Japa is because people believe that there are greener pastures, so by way of advise is that Federal Government must pay serious attention to the rebuilding of health sector in Nigeria, pay the workers encouraging emoluments. I don’t encourage people to run out of the country”, he added.

In his remark, the chairman, implementation committee of the college, Professor Peter Okebukola, who is also a former Executive Secretary of the National Universities Commission, NUC, described the employment of top level human resources as the comparative advantage of the institution.

He emphasized the need by the employers of labour to prioritise the relevance of productivity of its personnel rather than the certificates they acquire, saying ability to deliver effectively on job mandates was critical to the socioeconomic growth of the nation.

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According to Okebukola, the college runs Diploma programmes in Environmental Health Technology, Health Information Technology, Medical Laboratory Technician, Community Health Extension Workers and the courses were all accredited by the relevant professional bodies.

 

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BREAKING: Court Convicts Cosmetic Surgeon Over Client’s Death

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The Federal High Court sitting in Lagos State has convicted a medical doctor and founder of MedContour Services Ltd., Dr. Anuoluwapo Adepoju, who conducted a failed plastic surgery that resulted in the death of one Nneka Onwuzuligbo in 2020, FIJ reports.

This was disclosed by a former Director-General of the Federal Competition and Consumer Protection Commission, Babatunde Irukera on Friday.

In his tweet, Irukera, tweeting as #TundeIrukera, wrote, “Today is a day of pride for me that I personally prosecuted Anu Adepoju and her medical practice. Though I’ve left, the case has ended in a conviction strengthening the accountability framework for all in society, professionals or otherwise. This is how society should work and grow.

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“Dr. Anu Adepoju and her medical practice convicted in all 5 counts charged by FCCPC. The wheel of justice may grind slowly, but we must see it through. What we need are enforced with audacity and the will to prosecute competently and diligently. Good day for consumers of professional services.”

FCCPC vows to clamp down on loan apps harassing customers
In 2020, PUNCH Online reported that the FCCPC arraigned Adepoju on five counts pressed against her before Justice Mohammed Liman,.

The FCCPC accused the cosmetic surgeon of shunning summons by the agency to appear and produce a certain document

Details later…

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