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FG to Disburse N300M MSMES Fund to Mark 60th Independence

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FG to Disburse N300M MSMES Survival Fund to Mark 60th Anniversary

The Federal government has concluded arrangements to disburse N300million under the National Medium, Small and Micro Enterprises (MSMEs) Survival Funds scheme to over 330,000 skilled workers and Transporters, as part of Nigeria’s 60th Independence anniversary celebration on October 1st.

The Minister of State for Industry, Trade and Investment, Mariam Katagum, made this known in Abuja, while briefing journalists on the government’s preparation for the 60th independence anniversary.

Katagum, who is also the Chairperson, Steering Committee of the Scheme, disclosed that beneficiaries would be given a one-off payment of N30, 000 each.

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She added that the beneficiaries are to be drawn from 12 states which includes; Lagos, Bauchi, Kaduna, Kano, Plateau, Borno, Ekiti, Anambra, Abia, Kogi, Ondo, and the Federal Capital Territory respectively for the first phase of the scheme.

According to the Minister, about 174,574 MSME operators have so far registered for the Scheme, with five states recording the highest number of registrations.

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Agriculture & Nigerian Economy

NESG Postpones its 26th Summit Indefinitely

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NESG

The Nigerian Economic Summit Group (NESG) has announced the indefinite postponement of its 26th summit which was scheduled to hold on Oct. 26 and 27.

A statement from the board of directors of NESG, on thursday said that the postponement was necessitated by prevailing circumstances in the country.

“The 26th Nigerian Economic Summit is a big conversation for action with the theme “Building Partnerships for Resilience” to focus on key national issues especially as we continue to manage the impact of the COVID-19 global pandemic on Nigeria’s economy.

“In the past years, deliberations and outcomes of the Summit drove a national discourse.

“But holding this year’s Summit from Oct. 26 to 27 without taking adequate cognizance of recent developments across the country that have accentuated the need to amplify the voices of our youth for the reform of our institutions and improve governance will be insensitive and inappropriate.

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“It is against this background that, after due consultation between the NESG and the Federal Ministry of Finance, Budget and National Planning as co-hosts of the Summit, the 26th Nigerian Economic Summit has been postponed.

“A new date would be announced in due course. We regret the inconveniences to resource persons, participants, sponsors, the media, vendors, and the public.

“We believe that this is the right thing to do at this time,’’ it said.

“The NESG will deploy its convening and engagement capabilities to serve as a platform for driving issues affecting the Nigerian youth and ensure improved collaboration between our stakeholders.

“Finally, the NESG wishes to state that strong and transparent institutions determine the resilience of our economy and the effectiveness of our social justice system.

“Participation and effective engagement of our youth is crucial to the development and operation of our institutions, this is the only way to achieve the Nigeria of our dreams.’’

The Group commiserated with the nation and victims of recent violence across the country, urging the federal government to kick start a comprehensive reform of security institutions.

The Group also pledging its support to the authorities in resolving contending issues.

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Agriculture & Nigerian Economy

Senate to Debate Petroleum Industry Bill October 20

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The Senate will on Tuesday, October 20, 2020, debate the petroleum industry bill forwarded by President Muhammadu Buhari to the national assembly last week.

The Senate will on Tuesday, October 20, 2020, debate the petroleum industry bill forwarded by President Muhammadu Buhari to the National assembly last week.

The disclosure was made in an announcement by the Senate President, Ahmad lawan.

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According to Lawan, early debate on the petroleum industry bill is expected to avert any delay in consideration, resulting from the upper chamber’s decision to suspend plenary for one month to enable ministries, departments, and agencies of government defend their respective budgets for the year 2021.

Lawan added that the critical piece of legislation, after the debate on the floor by lawmakers, would then pass for second reading and be referred to the joint committees on petroleum; and gas for further legislative work.

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Agriculture & Nigerian Economy

Buhari Gives Breakdown of N13TN 2021 Budget

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BUHARI GIVES BREAKDOWN OF N13tn 2021 BUDGET

President Muhammadu Buhari on Thursday presented the proposed 2021 budget of N13 trillion to the National Assembly.

According to the President, the budget termed budget of Economic Recovery and Resilience will address key economic issues as the country tries to recover from the impact of the coronavirus and the oil price drop.

President Buhari while giving a breakdown of the budget says the 157 percent increase in capital allocation to health was to cater to facilities’ maintenance as well as procurement of vaccines and hospital equipment.

While voting N35.03b in favour of basic health care provision funds out of the N484.49 billion provided for statutory transfers in the 2021 budget, the president emphasized that it was an improvement over the revised 2020 provision.

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He was also optimistic that the capital allocation to health would further accommodate other relevant projects needed at the primary healthcare level.

In a similar vein, the president announced that the sum of N380.21 billion has been earmarked for the Ministry of Health as 2021 recurrent allocation for payment of salaries and overheads in ministries, departments, and agencies.

According to him, it was part of the federal government’s efforts to enhance national security and human capital development.

He lamented that preparing the 2021 budget in a pandemic was quite challenging following the negative impact it had on the health sector and the economy as a whole.

While soliciting the support and cooperation of the lawmakers, the president urged them to expedite action for speedy review and passage of the 2021 budget.

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COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

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@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

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Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

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