Connect with us

Business

FG to give 125,000 women N20,000 each as grant

Published

on

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has said 125,000 rural women across the 36 states of the federation and the Federal Capital Territory will receive N20,000 each as grant from the Federal Government.

She stated this on Monday in Kano during the commencement of the programme in the state.

She said about 8,000 Kano women in the 44 local governments would benefit from the initiative.

A statement issued in Abuja by the ministry’s Deputy Director Information, Rhoda Iliya, quoted the minister as saying, “A cash grant of N20,000 will be disbursed to about 125,000 poor women across the 36 states of the federation and the Federal Capital Territory.”

Farouq, represented at the event by the ministry’s Permanent Secretary, Bashir Alkali, said the project was introduced in 2020 to sustain the social inclusion agenda of government.

“It is designed to provide a one-off grant to some of the poorest and most vulnerable women in rural and peri-urban areas across the country,” she stated.

The minister said the grant was expected to increase income and productive assets of target beneficiaries.

Kano State Governor, Abdullahi Ganduje, commended the government for initiating programmes geared towards supporting the poor and vulnerable in the society, especially women and children.

He appreciated the ministry for the enrolment of additional 35,000 beneficiaries from 15 Local governments under the Conditional  Cash Transfer scheme.

The governor, who was represented by the Deputy Governor, Usman Alhaji, urged the minister to approve the enrolment of the remaining 35,000 beneficiaries from the local governments.

The humanitarian minister also stated that over 4,000 beneficiaries across the 27 local governments of Jigawa State would benefit from the Federal Government’s grant for rural women in the state.

Continue Reading
Click to comment

You must be logged in to post a comment Login

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Railway

Just in: Nigerian railway suspends Abuja-Kaduna train services over safety

Published

on

The Nigeria Railway Corporation has announced the suspension of train services on the Abuja-Kaduna route.

It said on Thursday that the decision was taken for safety purposes after a section of the rail track was vandalised on Wednesday night.

Some Kaduna-bound passengers were reportedly forced to return to Abuja following the damage to the track.

An ex-senator representing Kaduna Central, Shehu Sani, had tweeted on Thursday that there was a bandit attack on an Abuja-Kaduna train he was travelling in and had a miraculous escape with other passengers.

But the Managing Director of the Nigerian Railway Corporation (NRC) Mr Fidet Okhiria, said it was an attack by vandals on the rail track.

The corporation said in a statement on its website on Thursday that train services had been suspended on Abuja-Kaduna route for the safety of passengers and crew members.

It added that efforts were being put in place to ensure maximum safety along the route.

It also further information about the suspension would be conveyed to the public later.

Daily Trust reported that hundreds of passengers were stranded at Rigasa Railway Station in Kaduna on Thursday morning.

The report stated that most of the passengers that booked ‎their train tickets online later resorted to travelling by road.

An NRC official at the station told the passengers that there was a problem with the train and so there would be no train.

Continue Reading

Business

CBN introduces N500m entrepreneurship grants for graduates, undergraduates

Published

on

The Central Bank of Nigeria says it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment and reduce the trend of graduates seeking white-collar jobs but turn their attention to the creation of jobs.

It said the initiative called Tertiary Institutions Entrepreneurship Scheme, would be executed in partnership with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs).

It stated this in a circular, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’, dated October 2021.

The apex bank stated that the goal of the TIES was to enhance access to finance to undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas.

The CBN stated, “The scheme is designed to create a paradigm shift among undergraduates and graduates from the pursuit of white-collar jobs to a culture of entrepreneurship development for economic development and job creation.”

The CBN said it would distribute N500 million among the top five tertiary institutions with the best pitch.

“Five top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows: first place – N150m; second place – N120m; third place – N100m; fourth place – N80m; and fifth place – N50m,” it stated.

The apex bank stated that it ”shall constitute a Body of Experts (BoE) from the private and public sector for the biennial regional and national entrepreneurship competitions to evaluate entrepreneurial and technological innovations submitted by Nigerian polytechnics and universities. The Body of Experts (BoE) shall recommend projects with high potential and transformational impact for the grant award.”

It gave the key highlights of the scheme as projects financed under the Scheme shall be monitored by independent monitors jointly engaged by the CBN and PFI; would be operated for 10 years in the first instance (not exceeding 31st December 2031) depending on the complexity of the project; interest payment and principal repayment should be made on a monthly or quarterly basis by the obligor depending on the established cash flow cycle and in line with the approved repayment schedule.

 

Continue Reading

Business

As cooking gas price rises further, kerosene, diesel drop

Published

on

As prices of cooking gas otherwise known as Liquefied Petroleum Gas (LPG) across Nigeria continue to rise despite significant increase in local production of the product, the average pump price of National Household Kerosene (NHK) has dropped to N400.01 per litre, representing a 7.9 per cent decline compared to N434.39 per litre in September this year.

Prices of Automotive Gas Oil (diesel) also fell by 0.16 per cent this week to N254.21 from N254.64 as of September ending 2021.

According to the latest report on the LPG by the Nigerian National Petroleum Corporation, the product supplied in September 2021 increased to 49,453.081 metric tonnes, MT, shows an increase of 23 per cent when compared to 38,040.457MT recorded in August 2021.

A survey by newstrends shows that 12.5 kilogramme of cooking gas, which was sold at N4,000 in January 2021, rose to N7,200 in August 2021 and currently N7,700.

On kerosene, latest data from globalpetrolprices.com indicated that as of this week, the price per gallon of kerosene stood at N1,514.20 while price per gallon of  diesel stood at N962.29.

When compared to statistics from National Bureau of Statistics (NBS) the kerosene and diesel watch for September, prices paid per gallon of the NKH fell by 1.73 per cent.

The NBS September report, “Average price per liter paid by consumers for National Household Kerosene increased by 8.6 per cent month-on-month and by 24.8 per cent year-on-year (YoY)  to N434.39 in September 2021 from N400.01 in August 2021.

“Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 16.25 per cent MoM and by 25.3 YoY to N1, 540.82 in September 2021 from N1, 325.39 in August 2021.

“States with the highest average price per gallon of kerosene were Abuja (N2, 766.67), Bauchi (N1, 981.54) and Adamawa (N1,975.00).

“States with the lowest average price per gallon of kerosene were Delta (N1218.13), Imo (N1991.23) and Yobe (N1,080.00).”

On diesel, the NBS said, “Average price paid by consumers for Automotive Gas Oil (diesel) increased by 0.17 per cent MoM and by 15.9 per cent YoY   to N254.64 in September 2021 from N254.21 in August 2021.”

Continue Reading

Trending