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FG begins disbursement of N200bn intervention fund to MSMEs, manufacturers
FG begins disbursement of N200bn intervention fund to MSMEs, manufacturers
The Federal Government said it will soon commence the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturing sectors under the Presidential N200 billion Intervention Fund scheme.
Recall that President Bola Tinubu launched the scheme on October 17, 2023, to cushion the effects of the removal of petrol subsidy and other economic shocks.
Announcing the disbursement of the funds, Minister of Industry, Trade and Investment, Doris Uzoka-Anite, in a statement yesterday, noted that the decision was taken following the success of the ongoing disbursements targeted at supporting one million nano businesses across the country.
According to her, N75 billion each has been allocated to support MSMEs and the manufacturing sector under the Presidential Intervention Fund. This is in addition to the N50 billion set aside to support the nano businesses.
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Uzoka-Anite stated: “The Federal Government of Nigeria is proud to announce the operational launch of the MSME and Manufacturing segment under the prestigious Presidential N200 Billion Intervention Fund.
“With applications for the Presidential Conditional Grant Scheme now closed, we are excited to move forward with the loan disbursement process for the MSME and manufacturing sectors, aimed at boosting economic growth and industrial development.
“This fund is strategically divided, dedicating N75 billion to MSMEs and another N75 billion to the manufacturing sector.
“We are pleased to report that the initial disbursement to nano businesses has been met with success, and we are well on our way to supporting one million nano businesses throughout the country.
“Thousands of beneficiaries have already confirmed receipt with many more to come.
“We invite eligible enterprises to join this transformative initiative. To apply, please visit our official application portal at www.fedgrantandloan.gov.ng.
News
UniAbuja Student Sadiya Usman Found Safe After Two Days Missing
UniAbuja Student Sadiya Usman Found Safe After Two Days Missing
The University of Abuja (UniAbuja) has confirmed that 100-level student Sadiya Usman has been found safe after being reported missing earlier this week. The university expressed relief and gratitude to the public and security agencies for their assistance in locating the student.
Sadiya Usman, who is enrolled in the Department of Accounting, was last seen leaving her residence at Kontagora Estate, Gwagwalada, Abuja, on Tuesday, 18 February 2026, at around 8:00 a.m. She was on her way to the university’s Main Campus to sit for her Computer-Based Test (GST 111) but did not arrive for the exam.
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After her disappearance, her guardian reported her missing when all attempts to reach her by phone were unsuccessful. The university promptly activated internal safety protocols and collaborated with security agencies, campus authorities, and the public to ensure her safe recovery.
The student was eventually located late on Thursday, 20 February 2026, around 11:49 p.m., and is reported to be safe, unhurt, and in stable condition. Authorities confirmed that coordinated efforts between the university, law enforcement, and concerned members of the public were instrumental in her recovery.
The university reaffirmed its commitment to student safety and welfare, promising continuous updates as necessary. It also thanked those who responded to the public appeal for information and urged students and parents to remain vigilant about safety.
This incident highlights the importance of campus security measures, timely reporting of missing persons, and the role of community involvement in safeguarding students.
UniAbuja Student Sadiya Usman Found Safe After Two Days Missing
News
Police to Arrest TikToker Mirabel After She Recants False Rape Claim
Police to Arrest TikToker Mirabel After She Recants False Rape Claim
The Ogun State Police Command has confirmed plans to arrest and prosecute TikTok user Mirabel after she admitted that her viral rape allegation was false, authorities and investigative reports indicate.
Mirabel, a social media influencer, first sparked national attention after posting videos alleging she had been sexually assaulted in her home in Ogijo, Ogun State. The posts quickly went viral, drawing widespread outrage, calls for justice, and prompting the police to launch an immediate investigation.
An audio recording of a phone conversation, shared online by social media personality VeryDarkMan (VDM), reportedly captures Mirabel acknowledging that parts of her story were fabricated. In the recording, she apologises and admits creating a threatening TikTok account to support her narrative, claiming she had been taking drugs at the time and “was not thinking clearly” when posting the videos.
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A police source said senior officers, including the Divisional Police Officer, were at the hospital where Mirabel was receiving medical care. Once she is discharged, she will be taken into custody and formally charged under provisions of Nigeria’s Criminal Code relating to false reporting of sexual offenses. “The essence is to serve as a deterrent to others,” the source added.
The Ogun State Police had earlier ensured that Mirabel received medical treatment and support, following procedures to protect her health while the investigation continued. The Lagos State Domestic and Sexual Violence Agency (DSVA) confirmed that the incident fell outside its jurisdiction and forwarded all relevant information to the Ogun authorities.
This development has sparked public debate about the responsible use of social media, the impact of false allegations, and the importance of evidence-based reporting. Legal experts warn that fabricating sexual assault claims can carry serious criminal penalties and may undermine the credibility of genuine victims.
Authorities continue to urge the public to avoid spreading unverified claims and to cooperate with law enforcement in ongoing investigations. Updates on the case will be issued by the Ogun State Police Command as formal legal proceedings begin.
News
Tinubu Reduces Reliance on U.S, Strengthens Defence Partnerships With Turkey, EU
Tinubu Reduces Reliance on U.S, Strengthens Defence Partnerships With Turkey, EU
President Bola Tinubu has commenced a strategic expansion of Nigeria’s defence diplomacy, engaging the European Union (EU) and Turkey to strengthen the nation’s security architecture while reducing overreliance on the United States. The initiative comes as Nigeria faces multiple security threats, including Boko Haram insurgency in the north-east, farmer-herder clashes in the north-central region, separatist violence in the south-east, and escalating banditry in the north-west.
The move coincided with a visit to Brussels by National Security Adviser Mallam Nuhu Ribadu, who led discussions at the first EU-Nigeria Peace, Security, and Defence Dialogue. Both sides agreed to deepen collaboration on regional stability, counter-terrorism, and violent extremism, while enhancing intelligence sharing, maritime security, and cybersecurity cooperation. An EU diplomat in Abuja emphasized that the bloc would provide non-lethal military support, while respecting Nigeria’s sovereignty, describing the EU as “more consistent, more reliable, and more coherent than the United States” in delivering security assistance.
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During his state visit to Turkey in January 2026, President Tinubu also held defence discussions with Turkish officials. Turkish companies pledged to supply military equipment, advanced systems, and tactical hardware, while exploring joint local production arrangements with Nigeria. Türkiye is currently regarded as a global leader in armed drones, which could bolster Nigeria’s counter-terrorism operations and reconnaissance capabilities.
Despite these new partnerships, Nigeria continues security cooperation with the United States, including deployments by United States Africa Command (AFRICOM) to support training, intelligence sharing, and operational planning. Recent U.S. personnel arrivals in Bauchi State aim to enhance counter-terrorism capacity without taking direct combat roles, operating under Nigerian command structures.
Analysts say Nigeria’s diversified defence diplomacy seeks to reduce dependency on a single partner, while providing access to a wider range of technology transfer, training opportunities, procurement options, and operational expertise. The strategy also reflects a broader trend of African nations balancing traditional defence alliances with emerging strategic partners to better address evolving security threats.
With regional instability and domestic insurgency on the rise, Nigeria’s engagement with Turkey, the EU, and other partners is expected to strengthen the Nigerian Armed Forces, enhance counter-terrorism operations, and secure national and regional stability.
Tinubu Reduces Reliance on U.S, Strengthens Defence Partnerships With Turkey, EU
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