N500m Youth Revolving Funds Scheme: BoI, Nasarawa State Government sign MoU
The Bank of Industry (BOI) and Nasarawa State Government have signed a memorandum of understanding and officially launched N500m youth revolving funds in an event that took place at the Late Aliyu Akwe Doma Banquet Hall on 27th October, 2022 in Lafia.
In his speech during the signing ceremony, Governor Abdullahi Sule said the initiative would help in wealth creation through investment and employment opportunities generation for the youth of the state as government would closely monitor the scheme multiplyer effect.
The governor noted that the over two hundred youths that had already been trained through the human capital development office would be the first to access the funds to set up businesses that would help reduce restiveness amongst youths.
“Today’s occasion is significant as it is in tandem with the philosophy and vision of our administration particularly in the development of youths through the creation of equal opportunities for them to realize their potentials for socio-economic development of the state,” Governor Sule noted.
He commended the Bank of Industry for conceiving the idea of youth revolving scheme which is designed to grant soft loans to the youthful population to boost their economic viability through entrepreneurship.
Governor Sule explained that he had since approved the N250m matching counterpart fund and assured the people of the state that in the second phase, he intends to provide N500m as matching funds and the Bank of Industry would augment it with another N500m to make it N1bn youth revolving funds scheme in Nasarawa State.
On his part, Olukayode Pitan Managing Director/CEO Bank of Industry who was represented by Dr. Rislanudeen Muhammad who is the General Manager Small and Medium Enterprises, North said the Youth Revolving Funds Scheme is a matching funds agreement where the state government and BOI contributes N250m each.
The MD BOI stressed that research has shown that Nigeria has one of the highest youths population in the world with current unemployment rate estimated at 33.3 percent which makes the need for intervention imperative.
“We are optimistic that this funding partnership will expand the capacity and productivity of MSMEs in this great state,” Dr. Pitan said.
He assured that the Bank of Industry would continue to play significant role in boosting Nigeria enterprises through the provision of innovative financial services mostly in single digit interest rates on loans.
On her part, the Senior Special Assistant to the Governor and Focal Person, Human Capital Development, Habiba Balarabe Suleiman appreciated the Bank of Industry as well as the governor for adopting what she called game changer.
She stressed that, the state government had lived up to it’s responsibilities by paving the way for the youths of the state to access funds to finance their business ideas thereby curbing restiveness which is prevalent amongst the youths.
In his vote of thanks, the state Deputy Governor, Dr. Emmanuel Akabe who is the Chairman Human Capital Development said he realized that the agreement with Bank of Industry had become imperative soon after they trained over 200 youths on employability skills with nothing to offer them as startup incentives.
He appreciated the governor for making the process seamless through prompt approval of the N250m matching funds which culminated into the MoU signing ceremony.
His Excellency, Engr. Abdullahi A. Sule presents School chairs, desks and others for onward distribution to schools in the Northern senatorial Zone.
Engineer Sule distributes over 30 additional vehicles to security, other government agencies.
Nasarawa State Governor, Engineer Abdullahi Sule, has distributed over 30 additional operational vehicles to security agencies operating in the state, traditional rulers, as well as other government agencies, as part of the continuous efforts by his administration towards ensuring the protection of life and property of the people.
Engineer Sule distributed the vehicles comprising of 20 number of brand new Hilux, 10 brand new saloon cars, as well as a number of fairly used vehicles, at a ceremony at the Government House, on Wednesday.
The Governor listed among the beneficiaries of the gesture to include traditional rulers, the police, 4 brand new Hilux, army, 3 new Hilux, DSS, Air Force, NSCDC, FRSC one Hilux each, NDLEA 1, Police medical unit,1 Hilux.
Others are Nasarawa Waste Management Bureau, 1 Hilux, Pension Bureau, 1 saloon car, Shehu Ibrahim, DG, BITC, 1 brand new car, Mallam Yakubu Lamai, DG, Strategic Communication, 1 brand new car, NADP, 1 Hilux, Ministry of Youth and Support, 1 Hilux, Ministry of Science and Technology, 1 Hilux, NASIDA, 1 Hilux, Ministry of Women Affairs, 1 Hilux, Office of the Auditor General (State and Local Government), 2 Hilux, while the Office of the Secretary to the Government of Nasarawa State, gets 1 one pick up van.
Also benefitting are Christian leaders under the aegis of the Christian Association of Nigeria (CAN), 2, leaders of the Muslim community, 2, as well as vigilante and hunters group, one Sharon each.
While appreciating God, as well as all the stakeholders and the people of the state, for the continued support given to his administration, leading to making Nasarawa State one of the safest states in the country, in spite of the prevailing security challenges, Engineer Sule said his administration will continue to support security agencies in the state to facilitate their operations towards enduring peace and security.
He described security as the responsibility of all and sundry, adding that is the reason why his administration will not just remain grateful but will continue to make stringent efforts towards sustaining peace and security in the state.
The Governor recalled recently that his administration had cause to order for the shutdown of schools as part of the continuous efforts to curtail insecurity.
“Recently, if you remember, when we were told about a possible attack by some criminals, we decided to shutdown our schools. God almighty helped us to ensure we didn’t have any crisis whatsoever as a result of shutting down the schools. We thank both the institutions for their cooperation as well as the students for accepting the schools to be closed,” he said.
As the country inches towards another political campaign period, he appealed to both Christian and Muslim leaders, to pray for the state and to create awareness especially among supporters of politicians seeking political offices.
“We must have a state before the leaders. Let’s have a peaceful state. Preach to supporters. We must live peacefully in our state first,” he stated.
Earlier, in an opening remarks, Secretary to the Government of Nasarawa State, Barrister Mohammed Ubandoma Aliyu, noted that, since his coming into office in 2019, Governor Abdullahi Sule has continued to give priority attention to the provision of security for the protection of life and property of the people, as well as, creation of desired environment for socioeconomic development in the state.
The SGNS said the distribution of operational vehicles to security agencies and other government agencies, is intended to further strengthen the operation of security personnel and also enhance execution and implementation of government policies and programmes.
Barrister Ubandoma disclosed that, so far, the Engineer Sule administration has purchased and distributed 129 vehicles, comprising Hilux, land cruisers, buses and other exotic cars.
“In order to sustain the tempo of performance of our security agencies, as well as government institutions, we are gathered here today to witness the distribution of 30 brand new vehicles, 8 Sharon cars and 4 fairly used Hilux pickups,” he added.
In a vote of thanks on behalf of the benefitting security agencies, Nasarawa State Commissioner of Police, Adesina Soyemi, appreciated the Governor for the continuous support given to security agencies operating in the state.
Represented at the event by DCP Umar Shehu Nadada, the police commissioner assured that security agencies will continue to maintain the lead for Nasarawa to remain one of the safest in the nation and the safest in the North Central geopolitical zone.
The CP used the opportunity to call on all the indigenes of the state, to continue supporting the security agencies by way of divulging information to the agencies, as according to him, “security business is not a one man business, security is for all. Everybody has to contribute his own quota to ensure that the state is secured.”
His Excellency, Engr. Abdullahi A. Sule receives ICT Innovation Governor of the Year presented by DG BiCT, Shehu Ibrahim at the Government House. Friday, 29th July, 2022
Nasarawa State carted home four (4) Awards of Titans of Technology
His Excellency Engr. Abdullahi A.Sule has given the Nasarawa State ICT Bureau a pat on the back for their hard work which has lifted ICT usage in the state , leading to many developmental achievements.
The Governor disclosed this as he received the Management and staff of the Bureau for Information and Communication Technology (BICT) who were at the Government House to present the State ICT Policy to the Gov. Sule, as well as present the third edition of ICT achievements, the Bureau Score Card and the awards of Most Innovative State of the Year and ICT Innovation Governor of the Year 2022 which were received at the Titian’s of Technology Awards recently.
Appreciating the effort of the Director General of Bureau for Information and Communication Technology and the Senior Special Assistant to the Governor on ICT, Governor Abdullahi Sule said the growth of ICT in the state was made possible because of their effort and other staff of the organisation.
Urging them to sustain the tempo, the Governor said the need for ICT compliance in all government institutions is imperative, saying the new ICT policy that have been drafted by the bureau is apt.
Leading Management and staff of the Nasarawa State Bureau for Information Communications Technology, the Director General, Shehu Ibrahim said the Governor has blazed the trail in the area of ICT, saying his efforts has given a leeway for the growth of ICT, hence the awards of the most innovative state of the year.
He appreciated the confidence the Governor had put on them, which had made them succeed, assuring that the best was yet to come from the Nasarawa State ICT team.
PRESIDENT BUHARI: LEADERS WHO SWEAR BY THE HOLY BOOK MUST NOT ABUSE PUBLIC OFFICE
President Muhammadu Buhari on Thursday in Lafia said leaders who take the oath of office, swearing with the Holy Book, must be careful not to abuse the trust of leadership placed on them by the people and God.
Speaking at a courtesy visit to the palace of Emir of Lafia, retired Justice Sidi Bage Muhammad 1 , the President reaffirmed that he has no intention whatsoever to stay beyond the constitutionally recognised two terms of office as leader of Nigeria.
”The traditional ruler is on a terminal appointment. Constitutionally, we (elected public office holders) are not. I cannot go beyond two terms and I have sworn by the Holy Quran that I will uphold the Constitution of the Federal Republic of Nigeria.
”Politics apart, whenever we are made to swear by the Holy Quran, we have to be very careful. We must make sure that we do not abuse the trust God has given us as leaders.
”I have seen former Governors here and I am looking forward to also becoming a former President,” he said.
President Buhari thanked the people of Nasarawa State for a rousing welcome, expressing delight that the North-Central State was wearing a new look since his last visit in 2019.
He congratulated the immediate past Governor and Senator representing Nasarawa South Senatorial District, Umaru Tanko Al-Makura and the incumbent, Governor Abdullahi Sule for the laudable initiatives and accomplishments in the State.
Welcoming the President to the over 200-year old palace, the Emir of Lafia thanked him for ending the problem of insufficient power to Nasarawa State with the provision of 330kVA sub-station.
The Emir, who is also the Chairman, Nasarawa State Council of Chiefs, told the President that the provision of the electricity plant ”has taken out 80 percent of our problem.”
”Our people have never had it so good. Our people are back to their normal life as entrepreneurs, ” he said, adding that the Federal Government projects that were ”standing as ghosts” in the state in the past have now become a reality.
The retired jurist listed the newly inaugurated CBN Building in Lafia, the Federal Secretariat, UBEC Smart School and completed Ecological projects, just to mention but a few.
On arrival in the capital for his 2-day State Visit to Nasarawa, President Buhari inaugurated the Lafia Airport, Vocational and Skills Acquisition Centre, Modern Bus Terminal and the Shinge-Barkini Abdullahi-Kilema road, executed by the State Government.
He also inaugurated CBN Lafia Branch building and a 330kva Akurba Transmission Substation executed by the Federal Government through the Niger Delta Power Holding Company (NDPHC) to boost power supply in the state and its environs.