Politics
Federal Government to start disbursement of N200b intervention fund to MSMEs and manufacturers

Published
12 months agoon
By
Ekwutos Blog
The Federal Government says it will soon commence the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturers under the Presidential N200 billion Intervention Fund scheme.
President Bola Tinubu launched the scheme on October 17, 2023, to cushion the effects of the removal of petrol subsidy.
Announcing the disbursement of the funds, Minister of Industry, Trade and Investment, Doris Uzoka-Anite, in a statement yesterday, noted that the decision was taken following the success of the ongoing disbursements targeted at supporting one million nano businesses across the country.
According to her, N75 billion each has been allocated to support MSMEs and the manufacturing sector under the Presidential Intervention Fund. This is in addition to the N50 billion set aside to support the nano businesses.
Uzoka-Anite said;
“The Federal Government of Nigeria is proud to announce the operational launch of the MSME and Manufacturing segment under the prestigious Presidential N200 Billion Intervention Fund.
“With applications for the Presidential Conditional Grant Scheme now closed, we are excited to move forward with the loan disbursement process for the MSME and manufacturing sectors, aimed at boosting economic growth and industrial development.
“This fund is strategically divided, dedicating N75 billion to MSMEs and another N75 billion to the manufacturing sector.
“We are pleased to report that the initial disbursement to nano businesses has been met with success, and we are well on our way to supporting one million nano businesses throughout the country.
“Thousands of beneficiaries have already confirmed receipt with many more to come.
“We invite eligible enterprises to join this transformative initiative. To apply, please visit our official application portal at www.fedgrantandloan.gov.ng.
“Additionally, applicants seeking more detailed information should visit their local state Bank of Industry (boI) branch.”
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Politics
Rivers: Court adjourns suit challenging appointment of LG administrators

Published
6 hours agoon
April 15, 2025By
Ekwutos Blog
The Federal High Court sitting in Port Harcourt has adjourned to May 22, 2025, the hearing of a suit seeking to bar Rivers State Sole Administrator, Ibok-Ete Ibas, from appointing local government administrators across the 23 Local Government Areas of the state.
The claimant, Oyingi Imiete, at the resumed hearing, told the court that the matter was scheduled for hearing of a motion for interlocutory injunction.
Imiete, however, revealed that the respondent had already appointed sole administrators for all 23 LGAs on April 9, 2025, allegedly after receiving the court’s order and originating processes in the suit.
He explained that service was effected by the court bailiff on the same day as the appointments.
“The matter came up for motion. The applicant’s motion and they said the motion was withdrawn by the applicant.
“The applicants had equally put in the motion for mandatory restorative order and it equally has been fixed for hearing because the actions of the respondent have greatly affected the subject matter before the court,” the claimant said.
Responding, counsel for the defendant argued that the originating processes were not served until two days after the appointments and supported the claimant’s decision to withdraw the motion, calling the appointments a completed act.
He added that his client had not yet been served the new motion and reserved the right to respond when properly served.
Both parties agreed to proceed with a substantive hearing of the originating summons.
The court stressed that despite perceived frivolity, all applications must be heard and stated that the facts and issues remain within the purview of the parties.
The case was subsequently adjourned to May 22, 2025, for further hearing.
The suit, filed by the PILEX Centre for Civic Education Initiative and its coordinator Courage Nsirimovu, seeks to stop the administrator from making such appointments, which the plaintiffs argue are unconstitutional and violate the principles of democratic governance.
Justice Adamu Turaki Mohammed, on April 7, granted an interim injunction barring Ibas from proceeding with the appointments and summoned him to appear before the court to explain why the injunction should not be made permanent.
However, the Sole Administrator went ahead to make the appointments, which drew criticisms from civil society organizations.
Politics
We don’t want to depend on China in case of war – Trump

Published
6 hours agoon
April 15, 2025By
Ekwutos Blog
President Donald Trump has said more products need to be produced in the United States, so it is prepared in case of “war.”
There are fears of a recession around the world with Trump’s crackdown on imports.
It is believed to be part of his plan to ramp up domestic manufacturing and have more goods made in America.
In his latest explanation of the tariff policy, Trump claimed it was necessary to deal with any future war.
Trump made the comments on Air Force One while talking about possible pharmaceutical tariffs on Sunday.
He said: “We’re going to have our drugs made in the United States.
“So that in case of war, in case of whatever, we’re not relying on China and various other countries, which is not a good idea.”
Trump put a 90-day pause on many of his on-again, off-again reciprocal tariffs, but left in place a 145% import tax on goods from China.
In response, Beijing suspended exports of certain rare earth minerals and magnets that are crucial for the world’s car, semiconductor and aerospace industries.
Politics
Ebonyi state Lawmaker Demands Restoration Of Abakaliki Street that was changed to Club road In Awka

Published
6 hours agoon
April 15, 2025By
Ekwutos Blog
The Member Representing Ikwo/Ezza South Federal Constituency, Chinedu Ogah has called for the restoration of Abakaliki Street in Anambra State to promote unity and oneness among the two states.
Abakaliki street in Awka was changed to Club Road by Anambra State Government.
Chinedu Ogah who is the Chairman, House Committee on Correctional Services urged Governor Chukwuma Soludo to immediately restore Abakaliki Street in the state, warning that failure to do so, may make Ebonyi State to start changing all streets in Abakaliki to Ebonyi names and villages.
He noted that Anambra has over 100 streets in Ebonyi State and wondered why the only street named after Ebonyi State should be changed in Anambra.
Chinedu Ogah said Ebonyi State has been so kind to Anambra people by accommodating them in all aspects of life including elective positions and other areas, whereas Ebonyi people living in Anambra have not been treated fairly in that state.
”Professor Chukwuma Soludo should readdress the issue of changing Abakaliki Street to Club Street in Anambra. If he fails to do this, it will make Ebonyi people to change all the names of Anambra streets in Ebonyi State”
“In Abakaliki, Ebonyi State capital, we have Awka Street, Onitsha Street, Ekwulumili Street, Ekwulobia Street, Aforezuna Street and many others, and they have not been changed.
“Anambra has over 100 streets in Abakaliki but the only one street named after Abakaliki in Anambra State has been changed. Governor Soludo should change his decision immediately. If he doesn’t do so, we will start renaming the streets we named Anambra to our own names and our villages.

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