Politics

FG Gives Conditions for Accessing N250bn Gas Intervention Fund

Published

4 years ago

August 8, 2021

The Federal Government has said that investors must meet seven criteria to access the N250bn intervention fund for gas value chain businesses.

Recall that the CBN launched the intervention fund last August.

Ms Brenda Attaga, Technical Adviser to the Minister of State for Petroleum Resources, Timipre Sylva, listed the criteria in Abuja on Sunday when she addressed newsmen.

They are technical feasibility, overall business plan an skills and experience output of the business plan as they must meet government’s national objective of cresting skilled and unskilled employment.

Another criterion is the social economic impact of the business plan and what percentage of Internally Generated Revenue it would contribute to the state in which the applicant plans to operate.

Others are the financial feasibility of the plan, economic and finance models of the plan and the environmental feasibility of the plan.

Attaga said that 27 applications had been received and they have obligor limit of N10 billion each.

She added that on the SMEs portion, 50 applications had been received noting that SME scheme had a limit of N50 million

“In this regard, our evaluation covers seven fundamental areas which must be evidenced by applicants.

“This is because people have sent us all kinds of applications that are not in line with the recommended framework of our evaluation.

“The essence is really for us as a ministry to support the propagation of gas and also creation of jobs through access to financing,’’ she said.

She added that SMEs would also follow similar structure but that start-ups would enjoy some leniency in the financial model.

According to her, SMEs will prove that they are registered in Nigeria; they pay their taxes; prove affiliation to first class companies which are already established businesses with good track records within the gas value chain.

She noted that preference would be given to indigenous companies as well as gender-based-led companies in the SMEs category.

She said that with the volume of the fund and spread of businesses, it was expected that the scheme would contribute to job creation.

Attaga, however, said that there was no timeline for applications, but that the fund had a fixed amount.

“In the Liquefied Natural Gas sector, our job creation plan is looking at a minimum of 750,000 jobs; in the Compressed Natural Gas (CNG) sector, we are targeting additional 250,000 jobs.

“The CNG sector jobs including operations of kits centres where vehicles using petrol can be adapted to using CNG and some new fuelling stations would consequently come up.

“On manufacturing, jobs have become leaner because the world is technology- based today and manual labour is getting contracted.

“On industrialisation, we are looking at a spike because of the number of plants that can be set up with this money.

“So, overall, we should hit about a total of three million jobs from this funding, if we get it right,’’ Attaga said

She called for domestication of all inputs to help to reduce cost and support availability of products.

(PUNCH)

Politics

PDP Crisis: INEC Rejects Turaki-led NWC

Published

5 days ago

December 23, 2025

Editor

The Independent National Electoral Commission, INEC, has said it will not recognise the Kabiru Turaki-led National Working Committee, NWC, of the Peoples Democratic Party, citing existing court judgments and unresolved legal processes.

This was as contained in a letter dated December 22, 2025, signed by INEC Secretary, Dr Rose Oriaran-Anthony.

The Commission stated that it could not act on demands to acknowledge or upload on its website the list of national officers said to have been elected at the National Convention held on November 15 and 16, 2025, in Ibadan.

According to INEC, its position was guided by subsisting court decisions and pending litigation relating to the leadership crisis within the PDP.

The electoral body further noted that it would be improper to recognise any factional officers while the matter remains before the courts.

Politics

Govt That Fails To Protect Its Citizens Has No Business Remaining In Office – Kwankwaso

Published

5 days ago

December 23, 2025

Editor

Senator Rabiu Musa Kwankwaso, leader of the Kwankwasiyya Movement and 2023 presidential candidate of the New Nigeria Peoples Party (NNPP), has accused the Federal Government under President Bola Ahmed Tinubu of lacking the political will to tackle Nigeria’s worsening insecurity.

Kwankwaso spoke on Tuesday in Kano while unveiling 2,000 operatives of the Kano State Neighbourhood Security Network.

He urged President Tinubu to “rise to the occasion and truly act as the Commander-in-Chief” in addressing banditry and other security challenges.

According to him, Nigeria’s military “remains one of the most gallant in the world,” having served in international peacekeeping missions in Darfur, Liberia, and other conflict zones.

However, he said the armed forces are not being adequately supported to perform optimally.

“Today, many innocent Nigerians are being killed, while the perpetrators walk freely as if nothing happened. The government must apologise to Nigerians for its laxity in the fight against insecurity,” he said.

Kwankwaso, who once served as Minister of Defence, added: “When I was Defence Minister, I knew the capability of the Nigerian military. They are courageous and professional but need clear direction, support, and political will to do the needful.”

He stressed that Nigeria’s armed forces had historically ranked among the best globally and urged the government to equip them properly to change the current security situation.

Kwankwaso also said that if elected president in 2027, he would recruit over one million additional military personnel to strengthen national security.

“Any government that fails to protect the lives and property of its citizens has failed woefully and has no business remaining in office,” he declared.

He further called on the Federal Government to integrate community-based security initiatives, like the Kano Neighbourhood Security Network, into the national security system to boost morale and improve intelligence-driven operations against criminals.

Politics

ADC Announces Temporary Closure Of Secretariat

Published

5 days ago

December 23, 2025

Editor

The African Democratic Congress, ADC , says it has temporarily closed its National Secretariat as part of the end-of-year break.

A statement by its National Publicity Secretary, Bolaji Abdullahi, said full operations are scheduled to resume in the New Year.

According to the statement, the secretariat will close on December 23, 2025, and reopen on January 5, 2026.

The party, however, said essential skeletal services will remain available throughout the period, while all other official activities at the National Secretariat will be suspended to allow staff and party officials observe the Christmas and New Year holidays.

“This is to inform the public that the African Democratic Congress National Secretariat will close for the year on 23rd December 2025 and will resume full operations on 5th January 2026.

“During this period, only skeletal services will be available, while all other official activities at the Secretariat will be temporarily suspended,” the statement said.

The party thanked its members, partners and supporters for their continued loyalty and cooperation throughout the year, noting that their support remains critical to the growth and stability of the party.

The ADC also said it is committed to its ideals and to democratic engagement as it prepares for activities in the coming year.