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FG To Commence Disbursement Of Presidential Grants, Loans To Businesses
Published
2 years agoon
By
Editor
The Federal Government, at the weekend, said it is set to kick-off two programmes targeted at alleviating the impact of the fuel subsidy removal.
According to a press statement made available to Vanguard, signed by Minister for Industry, Trade and Investment,
Dr Doris Uzoka-Anite, the two programmes are the Presidential Conditional Grant and the Presidential Palliative Loan.
The statement reads: “In the Presidential Conditional Grant Programme, the Federal Government will disburse a grant sum of N50,000.00 to nano businesses across the 774 local government areas in the country.
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“The Federal Government through the Federal Ministry of Industry, Trade and Investment and Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, will collaborate with State and Local Governments, Federal Legislators, Federal Ministers, Banks and other Stakeholders.
“The eligible nano business beneficiaries should be willing to provide proof of residential/business address in their local government area, and provide relevant personal and bank account information, including Bank Verification Number, BVN, for verification of identity.”
It also said that eligible beneficiaries can get more information and apply at the website dedicated to the programme.
Also, for the Presidential Palliative Loan Programme, it said: “The Federal Government will likewise disburse N75 billion to Micro, Small and Medium-sized Enterprises, MSMEs, across various sectors and N75 billion specifically to Manufacturers.
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“The loan shall be administered to the beneficiaries at a single-digit interest rate of 9 percent per annum.
“While MSMEs can access loan facilities up to N1 million with a repayment period of three years, manufacturers can access up to N1 billion to access financing for working capital with a repayment period of 1 year for working capital or five years for the purchase of machinery and equipment.
“MSMEs and manufacturers can apply for the loans by submitting their application on the portal provided for the programme.
“The facility would be accessed through their banks, and applicants would be required to meet the risk assessment criteria of their respective banks.
“As part of its commitment to promote economic development, entrepreneurship and financial empowerment, the Federal Government believes these initiatives will encourage entrepreneurship and job creation,” the statement concludes.
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IPOB Rejects FG’s Ranching Proposal, Says It’s ‘Land Grabbing’
Published
33 minutes agoon
June 25, 2025By
Editor
The Indigenous People of Biafra, has condemned the announcement by President Bola Tinubu, proposing the establishment of cattle ranches in Abuja, the ancestral homeland of the Gbagi people and other states across the country.
The pro-Biafran group said the move is nothing but Ruga repackaged and a sinister land-grabbing strategy cloaked in government policy.
In a press statement released on Tuesday, IPOB spokesman, Emma Powerful, said it is a shame that in the 21st century, the Federal Government is prioritising cow colonies over education, security, and innovation.
Powerful said what began as the “need for grazing” centuries ago led to the total subjugation of proud territories, adding, “the rise of alien emirates, and the transformation of indigenous owners of the land into strangers in their ancestral homes. Abuja is about to witness the same fate if this madness is not stopped.”
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The statement read in part, “President Tinubu unaware that no sensible country in the world keeps cattle around its capital city?
“Let him point to any major city—from Nairobi to New Delhi, São Paulo to Seoul—where cattle are granted permanent settlements around central governance zones.
“This absurdity is uniquely Nigerian, and disgracefully so.”
While saying that the land around Abuja belongs to the Gbagi people, Powerful said, “To dispossess them by executive fiat is an unforgivable act of aggression and cultural genocide.”
He added, “Today, the Gbagi are being pushed to the margins; tomorrow, there will be an Emir of Abuja. And in 60 years—just like what befell the Hausas—the Gbagi will be footnotes in history, reduced to relics of their own heritage.
“Let it be known that IPOB shall resist any attempt—direct or indirect—to impose this toxic expansionist agenda anywhere in Biafraland. No inch of our territory will be given for herder settlements, cattle corridors, or so-called ranching. Our forests, our villages, our farmlands are sacred to us—not bargaining chips in a federal contract of death.
“Let them be transported by rail, just as is done in civilised societies. That’s how a serious nation handles its livestock economy—not by slaughtering indigenous peoples and seizing their homes under the guise of ranching.”
READ ALSO:IPOB Members Regain Freedom After 12 Years In Prison
According to him, no progressive nation erects ranches next to homes, schools, and marketplaces. The fact that this administration cannot comprehend this basic logic is a reflection of its failure, not ours.
“IPOB stands with the Gbagi people and every other indigenous nationality facing existential threats from Fulani neo-colonial conquest dressed up as national policy. Our diversity must be respected, our cultures preserved, and our ancestral lands protected. Let the killings in the name of cows stop. Let the bloodletting cease. Let Nigeria choose reason over ruin,” the statement added.
News
MultiChoice Cuts DStv Decoder Price By 50% To Attract Subscribers
Published
47 minutes agoon
June 25, 2025By
Editor
MultiChoice Nigeria has slashed the price of its DStv decoder by 50 per cent, dropping it from ₦20,000 to ₦10,000.
The company announced that the move aimed to attract more customers and curb declining subscriptions.
According to the firm’s Chief Executive Officer, John Ugbe, in a statement released on Tuesday, the offer was a way of rewarding customer loyalty and delivering enhanced value to subscribers.
“We want to ensure our customers feel appreciated and have access to the best entertainment every day. The ‘We Got You’ campaign is about making premium content more accessible and showing that DStv offers something for everyone, not just football fans.
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“By repositioning itself as a platform for daily value, DStv aims to encourage content discovery across a wider array of genres, including movies, drama, kids’ programming, and news.
“This means more channels, more shows, and more reasons to tune in every day,” the statement added.
The company also announced a promotional offer granting subscribers a free upgrade to the next DStv package tier when they pay for their current plan in full between June 16 and July 31, 2025.
Multichoice maintained the price slash, and the free upgrade initiative is a response “to the noticeable economic impact on the everyday lives of Nigerians.”
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This was coming after it lost 1.4 million subscribers between March 2023 and March 2025.
Recall that MultiChoice Nigeria increased its DStv and GOtv bouquet prices three times within 12 months — first in April 2023, followed by another hike in November 2023, and a third announced in April 2024, which took effect on May 1.

Around 1.3 million people die from second-hand smoke every year, according to a World Health Organisation report on the Global Tobacco Epidemic 2025.
The report released at the World Conference on Tobacco Control in Dublin warned that action is needed to maintain and accelerate progress in tobacco control as rising industry interference challenges tobacco policies and control efforts.
The report focuses on the six proven WHO MPOWER tobacco control measures to reduce tobacco use, which claims over seven million lives a year.
The WHO MPOWER encompasses, “Monitoring tobacco use and prevention policies; protecting people from tobacco smoke with smoke-free air legislation and offering help to quit tobacco use.”
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It also ensures “Warning about the dangers of tobacco with pack labels and mass media, enforcing bans on tobacco advertising, promotion and sponsorship; and raising taxes on tobacco.”
The report read, “Around 1.3 million people die from second-hand smoke every year. Today, 79 countries have implemented comprehensive smoke-free environments, covering one-third of the world’s population.
“Since 2022, six additional countries (Cook Islands, Indonesia, Malaysia, Sierra Leone, Slovenia and Uzbekistan) have adopted strong smoke-free laws, despite industry resistance, particularly in hospitality venues.”
It said since 2007, 155 countries have implemented at least one of the WHO MPOWER tobacco control measures to reduce tobacco use at the best-practice level.
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“Today, over 6.1 billion people, three-quarters of the world’s population, are protected by at least one such policy, compared to just one billion in 2007.
“Four countries have implemented the full MPOWER package: Brazil, Mauritius, the Netherlands (Kingdom of the), and Türkiye.
READ ALSO:Tobacco Industries Cost World 8 Million Lives, 600 Million Trees Annually – Official
“Seven countries are just one measure away from achieving the full implementation of the MPOWER package, signifying the highest level of tobacco control, including Ethiopia, Ireland, Jordan, Mexico, New Zealand, Slovenia and Spain,” it noted.
However, there are major gaps as 40 countries still have no MPOWER measure at the best-practice level and more than 30 countries allow cigarette sales without mandatory health warnings.
“Twenty years since the adoption of the WHO Framework Convention on Tobacco Control, we have many successes to celebrate, but the tobacco industry continues to evolve and so must we,” the WHO Director-General, Dr Tedros Ghebreyesus, said.
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