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Okpebholo To Give Interest-free Loan To Edo Traders

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Edo State Governor, Monday Okpebholo, has revealed plans to give out interest-free loans to traders across the three Senatorial Districts to help boost their businesses.

Okpebholo disclosed this at Government House while addressing members of the Edo State Association of Commodity Market Women and Men (ESACM).

In a statement signed by Fred Itua, Chief Press Secretary to the Governor, Okpebholo was said to have emphasized his administration’s commitment to enhancing the livelihood of Edo citizens and ensuring sustainable economic growth through empowerment of traders, businessmen, and women who play major roles in the economic development of the State.

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READ ALSO: Okpebholo Set To Revive Moribund State-owned Transport Company

He noted that the free-loan initiative was aimed at providing much-needed financial support to Edo traders, ensuring that they have the resources to expand their businesses without the burden of daunting interest rates.

“Early in January 2025, we shall begin to provide interest-free loans to Edo traders. Our traders are the backbone of our economy, and we must support them with the needed capital to help boost their businesses and improve the State’s economy.

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“The interest-free loans that we are starting next year in January will help empower our traders, enhance growth, development, stability, and improve the livelihoods of the people,” Okpebholo stated.

The Governor also outlined plans by his administration to revolutionize the agricultural sector through mechanized farming.

READ ALSO: Okpebholo Names New Chairman For Edo Sports Commission

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He said: “In the same January 2025, we are going to start massive mechanized farming in Edo State. We are poised to ensure that food is available to all, even in these challenging times.

“Agriculture is vital to our State’s economy. Investing in mechanized farming will boost food production, create jobs, and ensure food security for our people.”

Responding, President of the Association, Mrs. Josephine Ebhaguejeze expressed gratitude for the Governor’s initiative, noting that it will be a game-changer for traders and farmers in the State and pledged the Association’s support and loyalty to the administration.

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She said the Association will continue to work with the Government of Senator Monday Okpebholo in driving economic reforms in the State.

With this initiative, Edo State is on track to becoming a model for economic revitalization in Nigeria, paving the way for a prosperous future for all its residents. As the new programmes take shape, the State looks forward to reaping the benefits of enhanced productivity and financial independence for its traders and farmers alike.”

The mechanized farming initiative is expected to attract investments and partnerships with agricultural companies, as it would further enhance the State’s capacity for large-scale farming and repositioning the economy.

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Read How Ex-Edo IDP Became A PhD Student In US Varsity

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Ishaku Amos, a native of Gwoza Local Government Area of Borno State, on Wednesday narrated how his life was transformed from displacement to academic excellence.

Amos, who currently pursues a PhD in Chemical Engineering at the University of Illinois, Chicago, in the United States, spoke when he paid a visit to the Internally Displaced Person (IDP) at the Home for the Needy Foundation in Uhogua, Edo State.

The excited Amos, who once lived in Home for the Needy Foundation,
said the organisation played a decisive role in changing the course of his life.

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According to him, after completing his undergraduate studies at Edo State University, Iyamho, he secured a scholarship for doctoral studies abroad.

He narrated how he left Nigeria in August with the support of Pastor Solomon Folorunsho, Coordinator of the IDP Camp in Uhogua.

READ ALSO:Imansuangbon Donates To Benin IDPs, Charges Wealthy Nigerians To Advance Humanity

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“I had never travelled outside Nigeria before. I grew up in the North and in the camp, so everything was new to me. Having him accompany me made the transition easier and gave me confidence.”

Amos explained that adjusting to life in the United States would have been difficult without that support.

It was a new culture, a new system and a different weather. But I was prepared. I was guided on what to expect and how to adapt, so I didn’t experience culture shock. He made sure I was comfortable before returning to Nigeria.”

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Speaking on his past, Amos described himself as a victim of terrorism and insurgency in the North-East.

“Anyone who says these things are not happening should listen to my story.

READ ALSO:Militia Attack On DRC IDP Camp, Kills 10, Mostly Women, Children

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“I know what I suffered. People sometimes talk because they have not experienced it. When you have lived through killings and displacement, you can never deny the reality,” he said.

He expressed deep gratitude to the Home for the Needy Foundation, saying words were not enough to appreciate what the organisation did for him and thousands of others.

“They changed my narrative and my understanding of life. Despite our trauma, they never gave up on us. They paid for our exams even when we failed and had to try again. They kept telling us to focus and try one more time.”

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Amos said his experience has inspired him to give back to society and support vulnerable people in the future.

He also appealed to the Borno State Government and lawmakers from his area to support displaced indigenes.

“They know we exist and that we are Borno indigenes, but we have been ignored for too long. We are calling on them to clear outstanding school fees and provide scholarships. We will continue to call until something is done.”

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Minister Suspends Aide Over 2027 Governorship Election Write-up

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The Minister of Information and National Orientation, Mohammed Idris, has formally distanced himself from a political article titled “Malagi 2027,” which speculated on potential scenarios ahead of the 2027 Niger State governorship election.

In a statement released on Wednesday, the minister’s office clarified that the article was published without authorization by one of his aides, Sa’idu Enagi, emphasizing that the opinions expressed do not represent Idris’ views or intentions.

“The write-up and all its contents are hereby vehemently disclaimed,” the statement affirmed, urging the public to disregard the publication.

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The statement noted that the minister remains fully dedicated to his duties at the Federal Ministry of Information and National Orientation and has no interest in, nor tolerance for political distractions or premature electioneering.

READ ALSO:Presidential Pardons Undermine Rule Of Law, Says Amnesty

It further stressed that he neither approved nor directed the publication of the write-up.

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Following the incident, the minister has ordered an immediate investigation, and the aide responsible has been suspended with immediate effect.

The statement also underscored the cordial and mutually beneficial relationship between the minister and Niger State Governor Mohammed Umaru Bago, highlighting their joint commitment to the development and stability of the state.

Speculations about the 2027 elections would be inimical to these noble objectives,” the statement added.

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The disclaimer was signed by Rabiu Ibrahim, Special Assistant (Media) to the minister.

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How To Calculate Your Taxable Income

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