NEWS
First Lady Disburses N65m to 1,300 Women Traders in FCT
The First Lady, Sen. Oluremi Tinubu, has disbursed N65 million grant to 1,300 women petty traders in the Federal Capital Territory (FCT).
Mrs Tinubu explained during the event in Abuja on Thursday, that each of the women would receive N50,000 to grow and recapitalise their businesses.
The first Lady was represented at the event by Dr Adedayo Benjamins-Laniyi, Mandate Secretary, Women Affairs Secretariat, FCT Administration.
She said that the grant was to assist women petty traders in overcoming some of their business challenges, expand their businesses, create more jobs, and contribute more robustly to the nation`s economy.
She explained that the recapitalisation grant was under her Renewed Hope Initiative (RHI) Economic Empowerment Programme.
“This is commitment towards economic growth, towards better life for families.
“We are all aware of the challenges faced by small and medium enterprises, especially our petty traders, who form the backbone of our local economy
“These challenges, however, have not deterred the strength of our women. I salute you all and celebrate your resilience and courage that keep you going to put food on the table for your families,” she said.
She explained that a total of N1.85 billion was being disbursed to 37,000 women petty traders across the 36 states of the federation and the FCT.
She said that economic empowerment remained the core object of the Renewed Hope Initiative and had delivered on this promise for both women and youth across the six geopolitical zones of the country.
This, according to her, was to support the economic reforms of resident Bola Tinubu.
“We recognise that empowering women economically is not just a moral imperative but a strategic one.
“When women thrive, their families thrive, and by extension, our communities and nation prosper.”
Speaking in her capacity as the Mandate Secretary, Women Affairs Secretariat and FCT Coordinator of RHI, Benjamins-laniyi assured FCT women entrepreneurs of RHI continued support.
The mandate secretary disclosed that the UN Women supported the initiative with N15 million to cover 300 additional women.
This increased the amount from N50 million to N65 million and number of beneficiaries from 1000 to 1,300.
Earlier, the FCT Minister of State, Dr Mariya Mahmoud, described the programme as a significant stride towards empowering women entrepreneurs and enhancing their economic resilience.
Represented by Hajiya Majidda Musa, FCT Coordinator, Social Investment Programme, the minister commended the first lady for her dedication in putting smiles on faces of Nigerian women.
She expressed hope that the grants would undoubtedly provide the much-needed support in helping women petty traders expand their businesses and improve their livelihoods.
“By investing in women’s growth, the government is creating opportunities for a brighter future,” she said.
One of the beneficiaries Mrs Maimuna Erondi, who sells fish and groundnut cake, thanked the first lady for the support, adding that it would significantly increase her capital.
Another beneficiary, Mrs Veronica Olajide, who sells women shoes, described the gesture as life impacting, stressing that the N50, 000 grant would enable her to expand her business. (NAN)
NEWS
Gunmen Attack Police Station, Kill 2 in Anambra
The Police Command in Anambra says gunmen have burnt its station in Umunze, Orumba South Local Government Area, killing two officers.SP Tochukwu Ikenga, the Police Public Relations Officer in the state, announced this in a statement issued in Awka on Monday.He said that the gunmen attacked the police facility with improvised explosives, shooting sporadically, which caused a fire to burn part of the station.
He said further that during the attack, two police operatives on duty were killed when they attempted to resist the gunmen. Ikenga stated that the bodies of the deceased policemen had been recovered and taken to the morgue.He also noted that joint security forces, including the police, army and navy, among others, had recovered five unexploded improvised explosives.Ikenga noted that the Commissioner of Police in Anambra, CP Nnaghe Itam, had visited the scene for assessment.He said that Itam called on anyone with information that could assist in the investigation to come forward, assuring then that such information would be treated confidential.(NAN)NEWS
IPPIS Data Base not Compromised, OAGF Assures Employees
By Tony Obiechina, Abuja
The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s determination to maintain and operate a secure and efficient personnel and payroll system.In a statement by the Director of Press and Public Relations, Mr Bawa Mokwa on Monday, the OAGF maintained that the Integrated Personal and Payroll Information System (IPPIS) database has not been compromised, assuring that employees personal data on the IPPIS database is safe and secured.
The OAGF, which manages the IPPIS and other financial management initiatives of the Federal Government, said it is already implementing its ICT Security Policy that aims to ensure that its digital assets are secured in line with global best practices. The Office explained that no data is saved on its website, adding that the IPPIS uses the website to only share information and not for any transaction. “The IPPIS is not using the OAGF website for any transaction. The website is actually the medium to share information. Neither payroll nor payment is made through the website, therefore, no data is contained in the website”, it said. The OAGF stated that the IPPIS validation portal that was recently developed for updates of employees information was deployed for a period and after the exercise was over, the data were pulled out and the site shut down permanently.According to the statement, “the IPPIS Validation Portal was deployed on a secure platform. A secured database and application were purchased from the popular HELIX-FONS.”The Office acknowledged that the IPPIS is of utmost importance to Nigerian workers, thus it became imperative to assuage the fears of any loss or breach of employees personal data in the IPPIS database. The OAGF noted that the IPPIS has put in place necessary mechanism to resolve any problem that may arise in its operations and advised workers that observe anomalies in their salaries to follow the official procedures inorder to get such issues resolved.NEWS
Again, Inflation Drops to 32.15% in August
By Tony Obiechina, Abuja
Nigeria’s headline inflation dropped to 32.15 percent in August, according to National Bureau of Statistics (NBS) report
The report released on Monday said the inflation eased the second time in 2024 after a 19 month increase that peaked at 34.19 percent in June.
“Looking at the movement, the August 2024 headline inflation
rate showed a decrease of 1.
It however, said on a year-on-year basis, the headline inflation rate was 6.35 percent points higher compared to the rate recorded in August 2023 (25.80%).
“This shows that the headline inflation rate (year-on-year basis) increased in August 2024 when compared to the same month in the preceding year (i.
e, August 2023).Furthermore, on a month-on-month basis, the headline inflation rate in August 2024 was 2.22%, which was 0.06% lower than the rate recorded in August 2024 (2.28%).
” This means that in August 2024, the rate of increase in the average price level is lower than the rate of increase in the
average price level in July 2024.”
The report added that food inflation rate in August 2024 was 37.52 percent on a year-on-year basis, which was 8.18% points higher compared to the rate recorded in August 2023 (29.34%).
It said the rise in food inflation
on a year-on-year basis was caused by increases in prices of; “Bread, Maize Grains, Guinea Corn, etc (Bread and Cereals Class), Yam, Irish Potatoes, Water Yam, Cassava Tuber, etc (Potatoes, Yam & Other Tubers Class), Palm Oil, Vegetable, etc (Oil & Fats Class) and
Ovaltine, Milo, Lipton, etc (Coffee, Tea & Cocoa Class).”
But on a month-on-month basis, the food inflation rate in August 2024 was 2.37 percent, a 0.10% decrease compared to the rate recorded in July 2024 (2.47 percent).
“The fall can be attributed to the decline in the rate of increase in the average prices of Tobacco, Tea, Coco, Coffee, Groundnut Oil, Milk, Yam, Irish Potatoes, Water Yam, Cassava Tuber, Palm Oil, Vegetable etc.”
It added that the average annual rate of Food inflation for the twelve months ending August 2024 over the previous twelve-month average was 36.99 percent, which was 11.98 percent points increase from the average annual rate of change recorded in August 2023 (25.01 percent).