Politics
FG Gives Conditions for Accessing N250bn Gas Intervention Fund

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.
READ ALSO: Senate Gives Condition For Creation Of 20 New States [Full List]
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.
READ ALSO: FEC Approves $11.17bn Rail Project To Link All Coastal Cities
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.
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“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
Peter Obi Meets US Consul General, Hopes For Credible Polls In 2027
Chieftain of the Nigerian Democratic Congress, NDC, Peter Obi on Tuesday held a meeting with United States Consul General, Mr Rick Swart.
Obi made this known via his X handle.
READ ALSO:NDC Speaks On Peter Obi, Kwankwaso Joining Party
He said “This morning, in Lagos, I met with the U.S. Consul General, Mr Rick Swart, where we discussed strengthening the bilateral relationship. We focused on promoting credible elections in Nigeria, ensuring they are free from interference, and fostering a space where all political parties, especially opposition parties can thrive, and contribute.
“We also discussed trade and business opportunities between our countries. Accompanying me to the meeting was Dr Adefolaseye Adebomi Adebayo.
“The discussion was very productive, and we are hopeful that, moving forward, Nigeria’s elections will be even more credible and transparent.”
Politics
BREAKING: 17 ADC Reps Follow Join NDC
About 17 African Democratic Congress, ADC, lawmakers in the House of Representatives have defected to the Nigerian Democratic Congress, NDC.
This was disclosed by Speaker Abass Tajudeen on the floor of the House on Tuesday.
Tajudeen also announced the defection of Leke Abejide from the ADC to the All Progressives Congress, APC.
READ ALSO:JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up
Lawmakers who defected to the NDC include Yusuf Datti, Uchenna Okonkwo, Adamu Wakili, Thaddeus Attah, George Ozodinobi, Lilian Orogbu, Oluwaseyi Sowunmi, Peter Aniekwe, Mukhtar Zakari, George Oluwande and Munachim Umezuruike.
Others are Emeka Idu, Jesse Onuakalusi, Ifeanyi Uzokwe, Afam Ogene and Abdulhakeem Ado.
This comes barely a day after former presidential candidates Peter Obi and Rabiu Kwankwaso defected from the ADC to the NDC.
Obi and Kwankwaso have pledged to continue their pursuit for a better Nigeria in the NDC.
Politics
JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up
A former presidential candidate, Peter Obi, has given reasons why he resigned from the African Democratic Congress, ADC, to join the Nigerian Democratic Congress, NDC, alongside a former governor of Kano State, Rabiu Kwankwaso.
In a long post on X on Monday, Obi insisted it was not out of anger or ambition.
Rather, he said the move is a continuation of the quest to build a new Nigeria.
Obi wrote: “Yesterday, I formally joined the Nigerian Democratic Congress (NDC), alongside my dear brother, Engr. Dr Rabiu Musa Kwankwaso, with one clear purpose: to continue the struggle for a new Nigeria built on justice, competence, accountability, and compassion for the ordinary Nigerian.
READ ALSO:Peter Obi, Kwankwaso Formally Join NDC, Warn Members Against Litigation
“As I stated yesterday, this decision was not made out of anger, personal ambition, or convenience. It came after deep reflection on the present condition of our nation and the urgent need to rescue Nigeria from the dangerous path it is currently heading.
“Over the years, I have remained steadfast in my conviction that politics should never be about individuals, positions, or personal gain. It must be about the people, especially the millions of Nigerians who today can no longer afford necessities, whose businesses are collapsing, whose children are losing hope, and whose future is becoming increasingly uncertain.
“I left the ADC for the same reason I left the Labour Party: the severe, orchestrated litigation and internal crises deliberately designed to ensure that I, alongside many other notable individuals, do not effectively participate in the electoral process. I sincerely appreciate and remain deeply grateful to the Leadership of ADC for the opportunity to work together in pursuit of a better Nigeria. I am particularly grateful to ADC Chairman Senator David Mark for his exceptional Leadership. I also deeply appreciate my Leader and elder brother YE, Atiku Abubakar, as well as other respected leaders within the party.
“As we join the NDC, I sincerely appeal to the Nigerian Government against the encouragement of unresolved litigations and the infusion of crises within political parties. Democracy must never become a weapon against the people. A healthy democracy thrives on strong institutions, credible alternatives, and the freedom of citizens to make choices without intimidation, manipulation, or fear. Opposition parties must not be weakened or destroyed, because when democracy loses balance, the people ultimately suffer.
“Nigeria today is passing through one of the most difficult periods in its history. Poverty is rising. Hunger is widespread. Insecurity continues to threaten lives and livelihoods. Businesses are shutting down daily. Our young people are becoming discouraged, and many citizens have lost faith in the system. At a time like this, leadership must be driven not by propaganda or division, but by competence, capacity, character, and compassion.
READ ALSO:ADC Hails S’Court Verdict On Leadership, Demands INEC Chairman’s Resignation
“Our decision to join the NDC is therefore not an abandonment of values, but a continuation of the same mission we have always stood for: building a Nigeria where leadership is about service, where public resources are managed responsibly, where institutions function independently, and where every Nigerian, regardless of tribe, religion, region, or social status, can live with dignity, security, and hope.
“I remain committed to working with all Nigerians of goodwill across political, ethnic, and religious lines. The task before us is bigger than any individual or political party. It is about the future of our children and the survival of our dear nation.
“I thank Nigerians, especially our youths and women, for remaining peaceful, resilient, and hopeful despite the enormous challenges confronting the country. I urge you not to lose faith in Nigeria. Nations do not change because people surrender to hopelessness; they change because people continue to believe, continue to sacrifice, and continue to stand for what is right.”
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