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The Kwara NG-CARES For MSMEs has set the ball rolling as they continue the implementation of the 2nd phase of the programme where operational cost grant shall be disbursed to 5,545 nano, micro and small-scale businesses in the State.

The Ag. GM KWASSIP, Dr. Abdulwasiu Olayinka Tejidini said that the 2nd phase of the programme by the NG-CARES RA3 delivery platform is coming as one of the interventions of succor intended by His Excellency Mallam AbdulRahman AbdulRazak to provide relief, facilitate recovery, and enhance the capabilities of the State MSMEs through support designed to reduce the vulnerability and cushion the effect of income loss brought about by COVID-19 pandemic and its resultant disruption to regular commercial activity.

Dr. Tejidini thank the Kwara State Government for constantly including the MSMEs sector of the State in various beneficial programs and for always coming to the aid of vulnerable businesses.

The Acting Technical Head, Kwara NG-CARES For MSMEs, Mrs Rukayat Yahaya confirmed that NANO Businesses category has been introduced to benefit from the 2nd Phase of the programme. She also said that the 2nd Phase of the programme Received a total number of 21,432 applications across the 16 local government areas in the State.

Our team carefully reviewed all documents by conducting an eligibility criteria vetting process immediately after the applications were received and a total number of 12,032 PASSED while 9,399 FAILED.

She emphasized that physical verification is crucial to ensure fairness, authenticity and also confirm the existence of all the 12,032 businesses that passed the eligibility criteria vetting procedure. As the just concluded physical verification further helps prevent applicants with no existent businesses from benefitting and ensures that each applicant receives the appropriate grant size based on their business categorization and eligibility.

Mrs Yahaya urge the beneficiaries to utilize the fund received on their business’ operations such as payment of shop/office rent, payment of staff salaries and utility bills. She said the beneficiaries should NOT give kickbacks percentage out of the grant received to anybody/officials as facilitation fee BECAUSE the selected beneficiaries earned the spot by fairly going through all KWARA NG-CARES FOR MSMEs implementing procedures. Please note also that KWARA NG-CARES FOR MSMEs would not ask for account details or ATM card details from any beneficiary.

Mrs Fatima Issa, Media Officer,



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NNPC Reacts As Lamido Says Tinubu Should Not Double As Petroleum Minister



The Nigerian National Petroleum Company Limited (NNPCL) has reacted to the allegations made by the former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi.

Recall that Sanusi had said President Bola Tinubu should not double as the Minister of Petroleum.

Sanusi made the submission on Thursday while speaking at The Bank Directors Summit held at the Congress Hall of the Transcorp Hilton in Abuja.

According to him, the advice is necessary in order to have someone who can be held accountable because if anything goes wrong in the petroleum sector, people would not want to speak against the President.

The former Emir of Kano also called for the Nigerian National Petroleum Company Limited (NNPCL) audit, noting that this call cost him his job as the CBN Governor.

However, speaking on the matter during an interview with Punch, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, said there would be no need for an official response to the claims made by the ex-CBN boss.

The NNPC said it was focused on delivering the task set for the national oil company, stressing that everyone was free to air their opinion.

He explained that constant responses could hinder the enormous task before the oil company, adding that NNPC would rather concentrate on handling the work that it was established to deliver.

“Everyone is entitled to their opinion. Constant responses to every individual can hinder our work. Our focus remains on delivering energy security, managing ongoing projects, and implementing reforms,” Soneye stated

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Kyari seeks just energy transition for Africa at COP 28



The Group Chief Executive Officer (GCEO), Nigeria National Petroleum Corporation (NNPC) Ltd, Mr. Mele Kyari, yesterday reflected on the search for sustainable solution to decarbonised energy.

He said the African Continent needed “a just, differentiated transition” to harness its resources for the benefit of its future generations.

Kyari spoke at a Regional CEO Panel organised by McKinsey & Company on the sidelines of the ongoing United Nations Conference on Climate Change (UNCCC) in Dubai, United Arab Emirate (UAE).

The GCEO, who joined other global energy leaders from the United States, Holland, and Oman to highlight energy perspectives and insights on the evolving energy market, said the world must understand Africa’s peculiarities in addressing the effects of climate change on energy businesses.

In a statement by NNPC’s Chief Corporate Communications Officer, Mr. Olufemi O. Soneye, the GCEO called for a differentiated energy transition.

Kyari said: “I have always advocated for a differentiated and just energy transition. In Africa, we have different circumstances compared to other places in the world.

“In Africa today, 75 per cent of our population doesn’t have access to electricity, leaving us with biomass as a key energy source. The world needs to recognize that the most practicable thing today is to substitute what we have in the short term to close the energy gap for our rising population.”

Noting that Nigeria may be among the global top 10 economies by 2035 and third in terms of the global population, Kyari said the energy poverty question should be discussed as nations unite to achieve net zero by 2050.

He said with abundant natural gas reserves of 206 trillion cubic feet (tcf) that have the potential to rise to 600tcf, Nigeria is currently utilizing gas to drive its journey towards energy transition.

Kyari said NNPC Ltd was creating a regional gas pipeline network to supply natural gas across the African continent and boost its Liquefied Natural Gas (LNG) supply to the foreign market.

He said the idea of eliminating gas flares from gas projects was meant to deploy the gas towards developing power plants nationwide.

Kyari said the move will boost national electricity supply, create employment opportunities, and trigger the nation’s industrial and economic development.

He said that to demonstrate NNPC Ltd’s commitment to a net-zero future by 2025, the Company recently signed up as a participant in the United Nations Global Compact in New York, becoming the first state-owned oil company to join the global initiative

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CBN gets new spokesperson



The Central Bank of Nigeria (CBN) has appointed a professional Public Relations practitioner, Mrs Hakama Sidi Ali, as its new Acting Director of Corporate Communications.

Mrs Ali is a recognised member of the Nigeria Institute of Public Relations (NIPR), who served as Deputy Director in the same Department at the Bank before her latest appointment.

The NIPR has for years sustained the campaign to stop government agencies, individuals and corporate organisations from the illegal practice of appointing non-professionals and quacks as spokespersons.

The Economic Confidential gathered that The new CBN spokesperson is a 1992 graduate of the Bayero University, Kano, where she bagged a Bachelor of Arts degree in Mass Communication.

She also has an MSc in Mass Communication and PGDE in English Language.

Apart from NIPR, Mrs Ali is also a member of other reputable professional bodies like the Chartered Institute of Loan and Risk Management (CILRM), Chartered Institute of Personnel Management of Nigeria (CIPMN), Africa Development Studies Centre (ADSC), Toastmasters International and many others. (By PRNigeria)

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