News

Traditional Rulers To Get Monthly Allowance To Administer Domains Edo Govt Implements 1979 Law

Published

3 years ago

August 11, 2023

Editor

The Edo State Government Executive Council has approved the implementation of a 1979 Law on local council administration, which translates to a new regime where all traditional rulers in the 18 local government areas of the state will receive monthly allowances to administer their domains.

In a statement, Secretary to the Edo State Government, Osarodion Ogie, Esq. said the decision was reached at the Executive Council meeting, held at the Government House, Benin City.

Ogie noted, “The Council resolved that there would be a traditional council in each local government area across the state’s 18 local councils.

“In the law, the Oba of Benin remains the permanent chairman of the Edo State Traditional Council of Obas and Chiefs and also the permanent chairman of the Benin Traditional Council.

“The Benin Traditional Council is the umbrella body of Edo South Traditional Council.

“The allowance will enable the traditional rulers in the 18 LGAs to perform their statutory roles, such as ensuring social cohesion and peace, traditional vigilance and harmonious living across various communities.”

According to him, “The Edo EXCO re-emphasised that the Omo N’Oba N’Edo Uku Akpolokpolo, the Oba of Benin, Oba Ewuare II, remains the permanent chairman of the Edo State Traditional Council of Obas and Chiefs as well as permanent chairman of the umbrella council in Edo South Senatorial District.

“It also stressed that the budget and funding of the Benin Traditional Council will be completely independent of the financing which goes to all other traditional council of the various local government areas in the State.

“The Executive Council noted that with the development, the various traditional rulers across the local government areas will now be able to optimally perform their roles within their domains, working with other relevant stakeholders to maintain peace and order and accelerate grassroots development.”

He added, “The new structure will also help to deepen governance in the grassroots, enable government connect more with the people, get feedback on their needs and also identify and support the poorest of the poor in local and hard-to-reach communities across the State.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 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

3 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

5 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.