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ETF: LAGOS DISBURSES N5.22BILLION TO 6,462 BENEFICIARIES

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…To Train 10,000 Skilled Persons Through Employability Support Scheme

 

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The Lagos State Government on Thursday said a total of 6,462 residents with proven business ideas have so far benefitted about N5.22billion from the Employment Trust Fund (ETF) designed to grow the economy and create jobs through provision of credit facilities with minimal interest.

 

Speaking at the annual Ministerial Press Briefing to mark the third anniversary of Governor Akinwunmi Ambode’s administration held at the Bagauda Kaltho Press Centre in Alausa, Commissioner for Wealth Creation and Employment, Mrs Uzamat Akinbile-Yussuf said the amount so far disbursed constituted a huge part of the total N5.98billion approved for 8,229 beneficiaries since it began disbursement in 2017.

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The ETF is an initiative of the present administration in the State through which N25billion is earmarked to be disbursed over a period of four years to provide entrepreneurs, artisans, traders and others with capital to boost their businesses thereby reducing unemployment and increasing wealth among the people.

 

While reeling out loan disbursement activities of the fund, Akinbile-Yussuf said: “In fulfillment of the Lagos State Government’s mandate, the Fund has now disbursed N5.22billion to 6,462 beneficiaries, out of the approved loans totaling N5.98billion for 8,229 beneficiaries received.

 

She said in the period under review, the board of ETF approved loans totaling N627,053,826.15 for 643 beneficiaries under the batch four of the scheme, while in batches five, six, seven and eight, N924,696,671.00, N979,704,570.31, N443,859,457.60 and N1,013,485,058.69 were respectively disbursed to 5, 813 beneficiaries.

 

“For batch one of 2018, the Board approved loans totaling N492,798,560.90 for 1,753 beneficiaries (44 Small and Medium Enterprise (SME), 1,306 Medium Enterprise (ME) and 403 MES). The successful applicants have been contacted to meet the conditions that precede the disbursement of their loans,” she said. 

 

Akinbile-Yussuf said as part of efforts designed to encourage startups in innovation and technology, the State Government launched innovation-driven enterprise program tagged “Lagos Innovates” where access to high quality infrastructure, learning and networks were provided, adding that the projection was to cement the place of Lagos as the leading destination for startups in Africa.

 

She said the government, through the Lagos State Employability Support Project, has also firmed up plans to produce 10,000 skilled persons within three years to cater for demand in key sectors such as manufacturing, healthcare, construction, entertainment, garment making and tourism and hospitality.

 

“In addition, the project will place at least 6,000 trained persons in jobs and upgrade the equipment and improve the curriculum at two of Lagos State Technical and Vocational Education Board (LASTVEB’s) Colleges,” she said. 

 

On other achievements of the Ministry in the last one year, the Commissioner said government developed virtual market which is an online portal created to connect artisans and tradesmen with customers in need of goods and services in a secure environment, revealing that the Ministry had commenced partnership with different stakeholders to actualize the initiative.

 

She said under the tradesmen and artisans capacity building scheme, a total of 1,000 were retrained in 2017 to enhance their efficiency, competitiveness and productivity, while 40 members of Lagos State House Painter Association were trained and engaged by Kansai Plascon Nigeria, as well as 50 others were trained in partnership with Ruff n Tumble under the sustainable development programme.

 

Besides, she said in recognition of the opportunities in emergence of new technologies especially in addressing the needs of the society to attain sustainable growth and development, the government came up with the concept of developing an ICT hub in Yaba, saying the project would be delivered in partnership with other critical stakeholders. 

 

Also, the Commissioner said the government would soon launch health SMEs to facilitate quality improvement in both public and private sector health facilities through provision of financial support with the support of private sector organizations with the aim of creating wealth and employment.

 

The State Government, the Commissioner said, also introduced graduate internship programme through the Ministry where a total of 1800 candidates were screened in 2017 out of which 910 were deployed to various private organizations with the view to creating a network contact between the off-takers and the interns.


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UK Based Bizman, Mayegun Oladele Shosanya Celebrates Awujale 64th Coronation Anniversary, 90th Birthday

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UK Based Bizman, Mayegun Oladele Shosanya Celebrates Awujale 64th Coronation Anniversary, 90th Birthday

 

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United Kingdom based shred businessman who doubles as the Baba Egbe Obaneye Omooba Obinrin Akile-Ijebu and The Mayegun of Irewon Kingdom, Oladele Peter Shosanya has heartily celebrated the Awujale and Paramount ruler of Ijebuland, His Royal Majesty, Oba Sikiru Kayode Adetona on the occasion of his 64th coronation anniversary and 90th birthday celebration.

Mayegun Shosanya expressed joy and happiness that the foremost traditional ruler has attained the milestone age of 90, and yet continue to discharge his duties towards the development of Ijebuland, and Nigeria at large.

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In his congratulatory message to the monarch from the UK, and which was also made available to journalists in Ogun state yesterday, Mayegun Shosanya said Awujale as over the years built an unparalleled legacies and outstanding achievement which would forever remain indelible in the country.

“We are happy to celebrate our royal father and pride of Ijebuland on this double celebration. As we join millions of Nigerians including all sons and daughters of Ijebuland to welcome the custodian of Ijebu culture and tradition to the nonagrian club, we pray to Almighty God for his protection on our Baba for a sound health and great wisdom in life”.

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ASR AFRICA BEGINS THE CONSTRUCTION OF THE ABDUL SAMAD RABIU CLASSROOM BLOCKS FOR THE UNIVERSITY OF UYO UNDER ITS TERTIARY EDUCATION GRANTS SCHEME

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ASR AFRICA BEGINS THE CONSTRUCTION OF THE ABDUL SAMAD RABIU CLASSROOM BLOCKS FOR THE UNIVERSITY OF UYO UNDER ITS TERTIARY EDUCATION GRANTS SCHEME

 

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Uyo, May 9th, 2024

 

 

 

 

 

 

 

 

Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) has commenced the construction of four classroom blocks for the University of Uyo in Akwa Ibom State with a groundbreaking held on the university campus today. This donation forms part of a grant given to the University of Uyo through the ASR Africa Tertiary Education Grants Scheme, which was drawn from ASR Africa’s US$100 million Fund for Social Development and Renewal.

 

 

 

 

ASR AFRICA BEGINS THE CONSTRUCTION OF THE ABDUL SAMAD RABIU CLASSROOM BLOCKS FOR THE UNIVERSITY OF UYO UNDER ITS TERTIARY EDUCATION GRANTS SCHEME

 

 

 

 

 

The Vice Chancellor of the University, Prof. Nyaudoh U. Ndaeyo, expressed his gratitude to ASR Africa for considering the University of Uyo as a worthy beneficiary of the Tertiary Education Grant Scheme. He emphasised that constructing these classroom blocks was a top priority for the university and requested that the project be completed quickly so that the institution could start using it. He also appreciated the Chairman of ASR Africa, Abdul Samad Rabiu, for his various interventions in tertiary institutions in the country.

 

 

 

 

 

 

 

 

 

 

 

 

 

Dr. Ubon Udoh, MD CEO of ASR Africa, whilst giving his remarks, applauded the management of the University of Uyo for their support project so far. He also reiterated the commitment of the founder and Chairman of ASR Africa, Abdul Samad Rabiu, to supporting quality education within the tertiary education system in Nigeria and Africa. He further urged the students to make good use of the new facility when it is completed.

 

 

 

 

ASR AFRICA BEGINS THE CONSTRUCTION OF THE ABDUL SAMAD RABIU CLASSROOM BLOCKS FOR THE UNIVERSITY OF UYO UNDER ITS TERTIARY EDUCATION GRANTS SCHEME

 

 

 

 

 

So far, over 27 public and private Nigerian universities and institutions of higher learning have benefitted from the ASR Africa Tertiary Education Grants, including the University of Maiduguri, Ahmadu Bello University Zaria, the University of Ilorin, the University of Benin, and the University of Ibadan; Adamawa State University, University of Jos, Federal University of Technology, Minna amongst others.

 

 

 

 

 

 

 

 

About ASR Africa

ASR Africa is the brainchild of the African Industrialist, Philanthropist, and Chairman of BUA Group, Abdul Samad Rabiu. The Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

 

 

 

 

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More Taxes, Economic Hardship Fulfills Primate Ayodele’s Prophecy On Tinubu’s Government

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*More Taxes, Economic Hardship Fulfills Primate Ayodele’s Prophecy On Tinubu’s Government

 

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For almost one year, Nigerians have been made to go through palpable mayhem in the sectors that should drive the nation into bountifulness. Most especially, the economy and security sectors have maintained a constant downtime, leading to an unprecedented perilous season for the citizens of the once-lively nation.

 

 

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More Taxes, Economic Hardship Fulfills Primate Ayodele’s Prophecy On Tinubu’s Government

The predicament of the country cannot be separated from the current leadership; the President Bola Ahmed Tinubu-led administration cannot be exonerated from the country’s current state because the policies of the government are the major factors responsible for hardship.

Although President Tinubu’s mantra was ‘Renewed hope’ , many quarters of the country have simply exuded hopelessness in the last one year; an administration that raised the hopes of its citizens and promised to make life enjoyable didn’t waste time before inflicting pains on innocent electorates.

The beginning of Nigeria’s renewed woes was the first declaration of President Bola Ahmed Tinubu at his swearing-in ceremony that ‘Subsidy is gone’. Barely 24 hours after the President’s statement, the price of petrol increased from N189/Litre to N557, the highest in the history of Africa’s largest oil producer.

While many couldn’t see more to President Bola Ahmed Tinubu than meets the eye during the campaigns, a distinguished Nigerian prophet, Primate Ayodele already X-rayed through his prophetic lens what would become of the APC government if Nigerians voted for the party.

Several Nigerians banked on the renewed hope mantra of President Tinubu but Primate Ayodele was that fearless voice warning Nigerians against voting for Tinubu or the All Progressive Congress (APC) because it would be a government of hardship for the country.

Some of his warnings were hinged on the state of Nigeria’s economy and security. In viral videos, he was heard saying voting for President Tinubu would lead Nigeria into a dungeon. In follow-up prophecies, He prophesied that Dollar will be sold for N1,500, fuel will be sold for N800/Litre, a bag of rice will be sold for N6500, to mention a few.

‘’ I’m not saying anyone should not insult me, I am not scared of any human being. If Nigeria votes APC in 2023, things will be tougher. We will see human beings and want to eat them like food. This is how God told me. I am not saying you should not criticize me or say anything against me even as an APC member, I warned you in 2015 too. You want to vote for lies in 2023, if you vote for the party that has a broom as their symbol, I pity churches. I am not against anybody and I don’t vote, Nigeria will be tough. If you vote and Tinubu enters, there will be serious problems.’’

‘’If Nigerians vote for APC in 2023, the country will sink, we will swim in poverty, and the economy will be in shambles. If APC wins, Nigeria will suffer extraordinarily. We have not yet seen hardship; if APC wins, the real hardship will come. The economy will be sick.’’

As the cleric foretold, citizens are swimming in serious poverty, food items have become unaffordable for the common man, the Nigerian economy has been struggling to breathe for one year without any significant headway and in short, Nigeria has been thrown into an endless dungeon.

Moreover, suffice to say that the President Bola Ahmed Tinubu-led administration, just as Primate Ayodele foretold, is one that is bent on making Nigerians suffer extraordinarily. The government through the Central Bank of Nigeria (CBN) just recently introduced some taxes despite the current hardship faced by those who will still be required to pay the newly imposed taxes.

In a memo, the Central Bank of Nigeria (CBN) ordered all commercial banks to impose a 0.5% levy on some electronic transactions. The fund is supposed to be transmitted to the Office of the National Security Adviser for the purpose of cyber security. The levy is imposed on the initiator of the transaction and not the receiver.

There is the stamp duty, the Nigerian Inter-Bank Settlement System (NIBSS) charge, and the Value Added Tax. This is apart from the charges imposed by banks like the maintenance fee and the SMS charges.

Meanwhile, the introduction and increment of some of these taxes were all foretold by Primate Ayodele who warned the citizens against voting for another APC government.

In his 2024 prophecies which were released in December 2023, the cleric revealed that there will be an increase in tariffs and more taxes would be introduced for Nigerians in the coming year.

‘’I foresee there will be a high cost of living as tariffs on goods and Services will be raised and taxes will be too high despite the fact that the goods are not contrabands. The spirit of God says the economy will still be very difficult to manage. The government needs to do something good for the people and seek the face of the Lord for divine direction.’’

In another video, he asserted that the government would increase stamp duty and Value added Tax (VAT).

‘’I am seeing an increase in stamp duties. The bank stamp duty will not be friendly to the people…it’s going to be a new thing that will come out. Also, increment in VAT will shut down the economy. The government must not try to increase it because it will make the economy tougher’’

@primateayodele

#centralbank #cardoso #olayemicardoso #cbn #centralbankofnigeria #banking #duties #charge #stampduties #primateayodele #iescworldwide

♬ original sound – Primate Ayodele

The prophecies of Primate Elijah Ayodele and their manifestation further explain the negligent attitude of people especially when it comes to divine revelations from the almighty God. There are no questions about Primate Ayodele’s credibility; there are proven records of over 15,000 fulfilled prophecies credited to him but the ears of the electorate have simply been deafened towards divine warnings.

Well, 2027 is by the corner and hopefully, they listen; maybe Nigeria will become a better nation that exudes hopefulness, liveliness, and wellness.

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