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Trade Minister gives update on N50,000 grant scheme
Doris Uzoka-Anite, Minister of Industry, Trade, and Investment, provided an update on the disbursement of N50,000 to artisans and small business owners in the country through the presidential award system.
In a tweet on her verified X profile on Thursday, the minister stated that approximately 150,000 Nigerians had already benefited from the plan, out of a target of one million.
She, however, cautioned applicants not to fall victim to dishonest people seeking payment to obtain the grant, as the scheme is entirely free.
“Beware of fraudulent and unscrupulous parties demanding payment for grant processing. The Presidential conditional grant is completely free—no fees required. The ONLY official source for federal grants and loans is fedgrantandloan.gov.ng.
” Grant disbursements are ongoing; 150,000 of the 1 million targeted payments have been issued as of this week. If you’re verified and awaiting funds, we appreciate your patience during this process. For full transparency, a list of all beneficiaries will be released upon completion.
“Missed the grant application? You might still qualify for an MSME loan. Check your eligibility at our official website where applications are still open. You are also invited to visit your closest Bank of Industry branch. A list was published in an earlier tweet. Thank you for your patience as we work towards assisting everyone eligible, ” she said.
News24 Nigeria reports that under the scheme, a grant sum of N50,000.00 (Fifty Thousand Naira) is given to each beneficiary.
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I didn’t come to make money, I’m here to work, says Tinubu
President Bola Tinubu has reaffirmed his administration’s commitment to advancing Nigeria’s development across critical sectors, including infrastructure, food and energy security, education, and economic stability.
Speaking during a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former Senate President Ken Nnamani, Tinubu stressed that his focus is on serving the country, not for personal gain but to ensure a brighter future for Nigeria.
“I didn’t come to look for money and exploit the situation; I came to work. I asked for the votes, and Nigerians gave them to me,” Tinubu stated, according to a press release by his media aide, Bayo Onanuga.
The meeting, which had 16 former presiding officers in attendance including former Senate Presidents, former House of Representatives Speakers, and their deputies provided an opportunity for Tinubu to acknowledge their support, regardless of party affiliations. He urged them to continue promoting unity and collaboration to further national development.
Reflecting on the complexities of legislative and nation-building activities, the President expressed confidence in Nigeria’s potential for progress through cooperation and inclusiveness.
”Regardless of party differences of the past and difficulty of the present, you still believe in me and what we all plan for this country.
”I thank you very much; no one will do it better than us. I have travelled the world and seen how developed countries have done it for themselves through collaboration, inclusiveness and financial structure.
”Yes, there is hardship, but how did we get here? What did we do when we had very high crude production?”
“We neglected our communities; we neglected the goose that lays the golden eggs; we forgot even to give them a good standard of living.
”We forgot to educate our children. Go round and look at the dilapidated schools. The education environment must be decent enough for pupils to want to learn.
”We can complain from now till eternity that the school enrolment is low. But did we do anything to encourage the enrolment process? We must ask ourselves because it is a matter of conscience,” he said.
The President outlined his administration’s focus on addressing these challenges, including improving infrastructure, ensuring compliance with financial regulations, exploring alternative energy sources and providing energy security.
”We have come a long way, and I promise we must do our best,” he said.
He urged the former presiding officers to continue sharing their wealth of experience in nation-building and governance, noting that they were uniquely positioned to provide “clear interpretations of where we are” to Nigerians.
Senator Nnamani, who spoke on behalf of the delegation, expressed full support for President Tinubu’s administration and its efforts to address Nigeria’s pressing challenges.
He noted that the meeting was the president’s first official engagement with the group since his assumption of office. Nnamani congratulated the President.
”Mr President, history has never been the burden of one man alone, but some are called to meet a special share of its challenges.
”Though not of your creation, it has fallen onto you to end the pervasive insecurity across the nation, the economic downturn that has resulted in hunger and anger, infrastructural decay due to years of neglect and myriads of other national challenges.
”As difficult as these problems are, we believe that with your experience, you can face the difficulties and surmount them.
”What gives us more hope is the courage with which you handled the issue of Local government autonomy, which has won you open admiration from friends and foes alike.
”We are convinced that you will dig in deeper again to eradicate these problems and restore Nigerians pride of place among the comity of nations,” the former senate president said.
He added that the group has seen what elite complacency has caused nations and has resolved to unite across all divides to render whatever assistance it may be called upon to contribute to nation-building and ensuring enduring prosperity for our citizens.
”It is in this light and in the national interest that we wish to pledge our support as you work to restore national security, build an economy that works for all and strengthen the bond of unity amongst our disparate peoples, ” he said.
Nnamani also commended the President for his trust in appointing some of their members to critical national positions, recognising their vital role in nation-building.
Headline
FG reaches agreement on N70,000 minimum wage increase
A major breakthrough has been reached as the Committee on Consequential Adjustments in Salaries has agreed to raise Nigeria’s minimum wage from ₦30,000 to ₦70,000, starting from July 29, 2024.
This decision was formalized in a Memorandum of Understanding during a committee meeting in Abuja.
The 16-member committee is responsible for overseeing the smooth implementation of the new wage structure, as outlined in the National Minimum Wage Act 2024.
The wage increase is a significant step toward improving the living conditions of workers across the country, as the government seeks to address economic challenges and rising inflation.
More details to follow…
Headline
FG plans low-key celebrations for Nigeria’s 64th Independence Anniversary
The Federal Government has announced that this year’s celebrations for Nigeria’s 64th Independence anniversary on October 1 will be marked by a series of low-key activities.
The decision reflects the nation’s current mood and aims to honor the sacrifices of the country’s founding fathers.
Senator George Akume, the Secretary to the Government of the Federation (SGF), made the announcement on Thursday during the inauguration of an inter-ministerial committee responsible for planning and organizing the event.
The subdued celebration will focus on simplicity, in line with the nation’s ongoing challenges.
READ ALSO: FG spent over $1.5bn to protect oil infrastructure – SGF Akume
In a statement by Segun Imohiosen, Director of Information at the Office of the SGF, it was revealed that Senator Akume was represented by Hadiza Bala Usman, Special Adviser to the President on Policy and Coordination, during the committee’s inauguration.
She stated, “The 64th Independence Anniversary celebration will be low-keyed to reflect the trying times the nation is undergoing.”
“SGF stated that the event will afford the government the opportunity to showcase to Nigerians its scorecard recorded within the short period in office to reposition Nigeria through its reform initiatives to deliver the dividends of democracy.
“The 64th Independence Anniversary celebration will commence with the World Press Conference on Thursday, 26th September 2024 with the following line-up of activities to mark the national event: Juma’at Service on Friday, 27th September, 2024; Church Service on Sunday, 29th September 2024; on Monday, 30th September 2024; while the Presidential Broadcast, and 64th Independence Day Parade will hold on Tuesday, 1st October 2024.
“The Inter-Ministerial Committee comprises Hon. Minister Budget and Economic Planning; Hon. Minister of Information and National Orientation; Hon. Minister of Interior; Hon. Minister Foreign Affairs; Hon. Minister of the FCT; Special Adviser to the President, Policy and Coordination; Senior Special Assistant to the President, Social Events and Inspector-General of Police .
Other Members are National Security Adviser, Director-General, Department of State Services; Commander, Guards Brigade; Permanent Secretary, General Services Office (Office of the Secretary to the Government of the Federation); Permanent Secretary, Ministry of Health and Permanent Secretary, Political and Economic Affairs Office (Office of the Secretary to the Government of the Federation).
“The Terms of Reference for the Inter-Ministerial Committee is to plan, organize, and execute all approved activities befitting the Independence Day Celebration on October 1st, 2024; Co-opt any organization(s)/ person(s) relevant towards the successful execution of the programme; Document for posterity, all planned activities for the Anniversary; and Carry out any other assignment as may be required towards the successful implementation of the Celebration”, he stated.
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