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Kwara Releases N300m For Social Investment Programme

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KWARA RELEASES N300M FOR SOCIAL INVESTMENT PROGRAMME | COVID-19 | cases | money
In an attempt to cushion the effects of lockdown and support business owners, Kwara State Government has released the sum of Three Hundred

N300M Released For Social Investment Programme in Kwara State

Kwara State News | NCBN

In an attempt to cushion the effects of lockdown and support business owners, Kwara State Government has released the sum of Three Hundred Million Naira for the State’s Social Investment Programme (KWASSIP) which targets the poor.

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Commissioner for Finance and Planning, Mrs Oyeyemi Olasumbo Florence, disclosed this when she received the KWASSIP Anchor Mohammad Brimah and some members of his team in her office on Monday.

Oyeyemi said the money released for the programme, which is just one of the many people-focus policies of the AbdulRahman AbdulRazaq administration, was meant to fund the safety net initiative targeted at the poorest of the poor, including the aged, the widow and others at the lowest wrung of the economy.

“This is to lift as many people as possible out of the poverty line,” she said, adding that at least N100m would be disbursed this week to roughly 20,000 transport workers in the state as “Òwó Ìsówó in form of soft loan that was designed to lessen the effects of the lockdown on local transporters.

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He said the disbursement would soon be extended to other categories of beneficiaries captured under the KWASSIP law.

Brimah, for his part, commended the government for what he called a laudable programme that he asserted would cut down the poverty rate, saying that the disbursement of the money would begin later this week.

Brimah said the disbursement would as enumeration continues for other programmes across various coal government areas of the state.

Brimah added that the KWASSIP would do its best to make the programme a huge success for the state as envisaged by the Governor.

KWASSIP, the pivotal social security programme of the AbdulRazaq administration, has four components such as school feeding (Ounje Ofe); conditional cash transfer (Owo Arugbo); trader Moni (Owo Ishowo); and K-Power which seeks to train and empower unskilled people of various age brackets.

The Governor had recently said that the administration would scale down capital projects and overhead costs but would prioritise high-impact projects and social spendings to cater to the masses in the face of dwindling revenue.

Mrs Oyeyemi Olasumbo Florence
Hon. Commissioner for Finance and Planning
May 5, 2020.

Meanwhile, Kwara State published the status of things regarding COVID-19

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The Executive Governor of Kwara State, Abdulrahman Abdulrazaq in a broadcast, said more patients have been discharged after testing negative to the COVID-19 (coronavirus) and he has launched a Digital Training for KWARANS during this lockdown period.

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Fuel scarcity looms as NUPENG threatens FG With Strike

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fuel scarcity looms as NUPENG threatens FG With Strike

The Nigerian Union of Petroleum and Natural Gas (NUPENG) has issued a two-week strike notice to the federal government, raising the possibility of fuel scarcity across the country in the coming weeks.

This was contained in a statement jointly signed by NUPENG President, Williams Akhoreha, and General Secretary, Olawale Afolabi, Monday.

The union said the notice of strike was one of the decisions reached at its special national delegates conference Thursday.

It listed non-payment of workers’ salaries and benefits, among others, as reasons for its resolution.

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One of the issues, NUPENG said, was the outstanding payment of terminal benefits to its members that were declared redundant in 2012 by the management of Chevron Nigeria limited.

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LCCI pushes for growth in intra-African trade

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LCCI pushes for growth in intra-African trade

The Lagos Chamber of Commerce and Industry has said it aims to promote intra-African trade at the 35th edition of its annual Lagos International Trade Fair.

The Director-General of the LCCI, Dr. Chinyere Almona, said in a statement on Wednesday that this year’s edition would feature business-to-business meetings simultaneously with the general interest fair.

She said, the focus this year is to encourage intra-African trade and position Africa as the preferred investment destination and an economic powerhouse adding that The exhibition will also facilitate networking amongst exhibitors and between exhibitors and visitors.

She said corporate organisations, including multinational corporations, indigenous conglomerates, financial institutions, and small and medium businesses, had indicated interest in participating at the fair and relevant agencies and departments of government would also be available to exhibit and attend to other exhibitors and visitors.

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She said agencies that had confirmed attendance to provide information and educate exhibitors and visitors were the Bank of Industry and Nigerian Export Promotion Council, among others.

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NEPC Empowers 60 Osun SMES for Export Business

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NEPC Empowers 60 Osun SMES for Export Business

The Nigerian Export Promotion Council has organised a workshop for over 60 operators of Small and Medium-scale Enterprises in Osun State on how to make their products fit for export.

The workshop, which was held in Osogbo, was tagged ‘Facilitating strategic export market access programme in collaboration with the trade support institutions.’

The Assistant Director, Policy and Strategy Department, NEPC, Aliu Saddique, said the participants were SMEs owners with the potential to export to the international market.

He said the council was using the model developed by the Centre for the Promotion of Imports from Developing Countries to train the participants so as to enable them to have a good understanding of the demands of the international market.

While speaking, The Osun State Commissioner for Commerce, Cooperatives, Industries and Empowerment, Dr. Bode Olaonipekun, called for serious planning ahead of the time when crude oil would no longer bring revenue for the country again.

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Olaonipeokun, who also blamed the current economic hardship on the neglect of non-oil export, said planning for the era without oil must start immediately to avert economic crises.

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