News

Poor Planning Bane Of Nigeria’s Socioeconomic Problems, Says Obaseki

Published

2 years ago

March 19, 2024

Editor

…rallies stakeholders in Afuze, Auchi on Regional Devt, Benin City Masterplans

The Edo State Governor, Mr. Godwin Obaseki, has attributed the many socioeconomic challenges bewildering the nation to poor planning.

Obaseki spoke during an engagement with stakeholders in Afuze, Owan West Local Governments Area and Auchi, Etsako West Local Government Area, respectively on the State’s Regional Development Plan and the Benin City Master Plan.

The engagement session rallied together various stakeholders in the LGAs to deliberate, share insights, and seek their input in the development of the 30-year development plans.

Present at the stakeholders meeting were the Local Government Council Chairmen of Owan West, Akoko-Edo, Etsako Central and Etasko West, as well as members of the State’s chapter of the National Union of Road Transport Workers (NURTW), traders, women unions, civic society groups, youths, traditional and religious leaders, among others.

Obaseki said, “The problem we face as a nation is that of improper planning. We didn’t plan properly and today; we are facing various degrees of challenges hindering our progress. Even when we plan, we fail to implement our plans. We should stop complaining about our situation but plan a way out of it.”

He added, “The master plan is for all Edo people and it doesn’t have political affiliations but is aimed to chart a course for the betterment of the entire Edo people. The people must collaborate with the government as we can’t do it alone. The plan will help and enable us to create a peaceful and friendly environment for investors to come into the State to invest.”

Obaseki continued: “If Nigeria is going to survive, we must restructure the security apparatus in this Country. We have started this here in Edo. We have trained our vigilante security network to collaborate with other sister agencies to fight insecurity in the State. We must have State police and local police that are independent in fighting crime and criminality in the country.

“The time to save ourselves is now as we are already planning for community policing. It will happen. We should secure ourselves not waiting for the Federal Government to secure us.”

In his response, High Chief David George from Ora Kingdom commended the governor for his developmental strides in the State and for his vision for the 30-year development plan which he said will transform the State and set it on growth and development.

A traditional ruler from Uzairue, Momodu Abdulraman, who reiterated the need to prioritize security in the master plans, commended the governor for his visionary leadership.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

5 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

6 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

8 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.