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FG Gives N1bn Loan To 1,000 MSMEs In Bauchi

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The Federal Government, through the Bank of Industry (BOI) has provided the sum of N1 billion to 1,000 Micro, Small and Medium Enterprises (MSMEs) business owners in Bauchi state.

Speaking during the sensitisation of the beneficiaries in Bauchi on Tuesday, Mr Isa Nadada, the Manager, Bank of Industry, Bauchi state branch, said the aim of the intervention is to revive the MSMEs in all the 774 local governments across the country.

According to him, the target of the federal government is to have 75,000 MSMEs as beneficiaries in order to create job impacts.

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Represented by Mr Kabiru Musa, Project Officer, BOI, Bauchi branch, Nadada explained that the core mandate of the bank is not only to disburse funds but also to create job opportunities in order to relieve some burdens on the federal government.

READ ALSO: JUST IN: Queen Camilla Suspends Public Engagements Due To Chest Infection

“The interest rate is soft because it’s nine per cent all inclusive, either it is a term loan or a working capital.

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“The tenure of the facility is three years and there is a six month moratorium.

“As I am talking to you now, I have successfully disbursed N1 million to four beneficiaries today who have met the requirements and we are here to enlighten some of the beneficiaries,” he said.

He said that after the applicant has successfully submitted his application online, officials from the bank would go to the place to see the business and make recommendations for final approval for the loan disbursement by the management.

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READ ALSO: JUST IN: National Power Grid Collapses Again

Nadada added that the bank had earlier disbursed the sum of N50,000 to some nano business owners as a grant across the 20 Local Government Areas of the state in order to boost their businesses.

Also speaking, Mr Mohammed Shira, the state Commissioner for Cooperatives, Small and Medium Enterprises Development lauded the federal government for working toward the development of MSMEs in the state.

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“Together, we can build a sustainable framework that not only addresses the immediate needs of our businesses but also lays the foundation for long-term growth.

“I want to emphasise that the Bauchi State Government through the Ministry for Cooperatives, Small and Medium Enterprises Development is here for you.

READ ALSO: JUST IN: Education Minister Reverses 18-year Age Limit For Admission

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“We are committed to ensuring that this programme is implemented effectively and that it reaches those who need it most,” said the Commissioner.

In his address, Mr Abdulrasheed Aliyu, from Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bauchi office, said the agency provides business development services and business clinics to the beneficiaries.

He said this is necessary in order to utilise the money for the purposes it was meant for.

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Speaking on behalf of the beneficiaries, Ibrahim Musa, said they have been yearning for such an intervention for so long, adding that it would help the women who are based on petty trading.

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JUST IN: NNPC, NUPRC, NMDPRA Shut As PENGASSAN Begins Strike

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The nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria on Monday paralysed operations at key oil and gas regulatory institutions, including the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

The industrial action, which followed the weekend directive by the union’s National Executive Council, saw members across the country withdrawing their services, effectively shutting down critical agencies that drive Nigeria’s oil and gas industry.

It was observed that at the NUPRC headquarters in Abuja, the main gate was firmly locked, leaving several employees stranded outside the premises. Security operatives on duty confirmed that no staff were allowed entry, in line with the strike directive issued by the union.

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Similarly, activities at the NMDPRA headquarters in the busy Central Business District were completely grounded as workers fully complied with the industrial action.

READ ALSO:Dangote Hits Out At PENGASSAN, Says Union ‘Serial Saboteurs, Serving Oligarchs’

Confirming the situation, the PENGASSAN Chairman in NMDPRA, Tony Iziogba, told The PUNCH that the union had achieved “100 per cent compliance,” effectively restricting access to staff and visitors.

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He added that his colleagues had also enforced 100 per cent compliance at the NNPCL and other relevant agencies.

PENGASSAN said the strike became inevitable after the alleged wrongful dismissal of about 800 workers at the Dangote Petroleum Refinery.

The union’s directive to halt crude oil and gas supplies to the Dangote Petroleum Refinery has sent shockwaves through the energy sector, with oil marketers warning of severe disruptions in fuel distribution. This move is expected to choke the domestic market, driving up demand and prices.

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READ ALSO:JUST IN: PENGASSAN Strike May Trigger Nationwide Blackout, Thermal Plants Shut Down

On Sunday, PENGASSAN announced a nationwide strike, instructing all its members in various offices, companies, institutions, and agencies to cease all services starting at 12:01 am on Monday, September 29, 2025.

The union also directed members stationed in various field locations to down tools from 6:00 am on Sunday, September 28, and commence a round-the-clock prayer vigil.

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In a strongly worded resolution signed by PENGASSAN General Secretary, Lumumba Okugbawa, the union accused the refinery of violating Nigerian labour laws and International Labour Organisation conventions by sacking workers for joining the union. It alleged the dismissed workers had been replaced by foreigners.

READ ALSO:PENGASSAN Reacts As Dangote Refinery Misses Production Deadline

All processes involving gas and crude supply to Dangote Refinery should be halted immediately,” the resolution declared. “All IOC (International Oil Companies) branches must ramp down gas production and supply to Dangote Refinery and petrochemicals.”

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The development has heightened fears of fuel scarcity and blackouts, as NNPC remains the sole importer of petrol while the midstream and downstream authority regulates supply and distribution. Similarly, NUPRC is responsible for monitoring crude production and enforcing gas supply obligations to power plants.

All eyes are now on Monday’s emergency meeting convened by the Minister of Labour. Whether dialogue can restore calm or whether Nigeria plunges deeper into crisis may depend on the willingness of both sides to compromise.

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‘We Cure Madness With Madness’: Five Things To know About Taye Currency

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The name ‘Taye Currency’ has continued to trend on social media following the Fuji music artiste’s performance at the coronation of the 44th Olubadan of Ibadan, Oba Rashidi Adewolu Ladoja, on Friday.

Taye Currency, during his performance at the coronation event which took place at Mapo Hall in Ibadan, rendered a line in Yoruba, “Were la fi n wo were,” which translates to “we cure madness with madness.”

The line, which seems not to have sat well with many Nigerians, particularly those of Yoruba heritage, has continued to generate a lot of criticism, with many opining that such lyrics were not befitting for the occasion, which had in attendance dignitaries including President Bola Ahmed Tinubu, governors, ministers, traditional rulers, and other crème de la crème of society.

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Reacting to the development, the Olu of Kemta Orile in Odeda Local Government Area of Ogun State, Oba Adetokunbo Tejuosho, criticised Taye Currency for what he described as “classless and unbefitting lyrics.”

According to him, the musician failed to accord the coronation its due respect, describing his lyrics as unbefitting of the sacred ceremony.

READ ALSO:Ogun Monarch Slams Taye Currency Over Performance At Olubadan Coronation

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He said, “The throne of our ancestors is not a stage for mockery, nor the coronation of a great monarch a subject for careless entertainment.

“Kingship is sacred, adorned with honor and guarded by tradition. It demands reverence, dignity, honor, class and the utmost respect from all who stand in its presence.

“Listening to the musician (Taye Currency), who was invited to render music before the Crown, as a matter of fact before the entire world, to serenade the audience and sing in a way to express admiration, singing songs like (were lafi n wo were) We use madness to cure madness.

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“Such lyrics were classless and unbefitting of such occasions, it is insulting to the sacredness of the gathering.”

While Taye Currency is well known among Fuji music lovers, especially those from Ibadan, the Oyo State capital, his performance at the Olubadan coronation has made people want to know more about him.

READ ALSO:BREAKING: Ladoja Crowned 44th Olubadan, Set To Receive Staff Of Office

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In this article, Tribune Online takes a look at five things to know about the trending Fuji musician.

1. Full Name and Age

His full name is Taye Akande Adebisi. Apart from his popular stage name, Taye Currency, he is also known as ‘Apesin.’ He celebrated his 50th birthday on December 17, 2024.

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2. Appointment as Special Adviser on Culture and Tourism

Oyo State Governor, Seyi Makinde, appointed him as Special Adviser on Culture and Tourism in 2019 during the governor’s first tenure.

READ ALSO:Olubadan Unveils Economic Plan For Ibadanland

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3. Father of a Lawmaker

In 2019, Taye Currency’s son, Yusuf Oladeni Adebisi, was elected into the Oyo State House of Assembly to represent Ibadan South-West Constituency 1, which earned Taye Currency another nickname, ’Baba Honorable’ (Honourable’s father). He was re-elected in 2023 as a lawmaker on the platform of the Peoples Democratic Party (PDP).

4. Financial Setback

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In April 2025, Taye Currency publicly lamented that he lost N10 million to CBEX, a crypto/investment scheme many now regard as a collapsed Ponzi platform. He explained that he was convinced to invest by close associates, only to see the scheme crumble shortly after.

5. Affiliation with Pasuma

Taye Currency has often maintained that although he never learnt Fuji music from his senior colleague, Wasiu Alabi Odetona, popularly known as Pasuma, whom he first met in 1993, he still considers him a boss.

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JUST IN: PENGASSAN Strike May Trigger Nationwide Blackout, Thermal Plants Shut Down

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Nigerians may face a nationwide blackout from Monday as power generation companies have raised the alarm over an imminent shutdown of thermal plants following directives from the Petroleum and Natural Gas Senior Staff Association of Nigeria.

The Executive Secretary of the Association of Power Generating Companies, Joy Ogaji, raised the alarm over the imminent blackout in a WhatsApp message on Sunday.

She revealed that gas suppliers had issued notices to halt supply to thermal power stations in line with PENGASSAN’s strike resolution.

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READ ALSO:Why We Rejected Govt’s Plan To Sell Assets – PENGASSAN President

Good day, all. Thermal GenCos have received notification from our gas suppliers to shut down our thermal power plants following directives from PENGASSAN. The Nigerian Gas Infrastructure Company has specifically requested GenCos to comply,” Ogaji said in the post.

She warned that the development could plunge the country into darkness, as hydroelectric dams alone cannot sustain the national grid.

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Please all be notified of the imminent darkness, as hydros alone cannot sustain the system,” she added.

READ ALSO:PENGASSAN Shuts OML-18 Over Labour Dispute With NNPC Subsidiary

The warning comes hours after PENGASSAN announced that it would commence a nationwide strike on Monday to protest the dismissal of over 800 workers at the Dangote Petroleum Refinery.

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The oil workers’ union, after an emergency National Executive Council meeting on Saturday, directed its members in all oil and gas installations to down tools until the sackings were reversed.

The action could cripple crude production, fuel supply, gas distribution and now electricity generation, worsening the hardship faced by Nigerians.

With thermal stations accounting for more than 70 per cent of Nigeria’s electricity supply, industry experts say the shutdown will trigger widespread outages, stretch hydro plants beyond capacity and heighten the risk of a nationwide system collapse.

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