BUSINESS
Ogun Releases N1bn Operational Grant to Business Enterprises

Kunle Idowu, Abeokuta
Ogun State Government yesterday rekindled the hopes and aspirations of Micro and small scale enterprises in the state when it commenced the disbursement of the second phase of the N1billion Operational Grant to them.
The government’s gesture which was under its OG-cares scheme took place at the Obas’ complex,Oke Mosan with thousands of beneficiaries in attendance
It would be recalled that the first disbursement was done in 2023, during which 1,000 entrepreneurs in micro enterprises received N100,000 each, while those in the small scale categories received N350,000 each.
About 2,822 entrepreneurs are expected to benefit from the second phase,which drew beneficiaries from across the state.
Speaking On.the occasion the state Governor ,Prince Dapo Abiodun noted that his administration’s blueprint specifies a social contract with the people of the Gatewey State as encapsulated in the “Building Our Future Together” Agenda, stressing that the 2nd phase marks another milestone in his government’s commitment to supporting growth and development of the state’s Medium, Small and Micro scale Enterprises.
The governor who was represented by his Deputy, Engr. (Mrs) Noimot Salako-Oyedele added that enterprises played crucial roles in promoting entrepreneurship, fostering innovation, and driving inclusive economic growth.
He added that the operational grant disbursement was aimed at supporting businesses within the state, particularly in the face of the harsh economic realities around the world.
He disclosed that beneficiaries were selected through the same strategic, all inclusive and methodical approach, which his administration is known for by carefully identifying genuine enterpreneurs nominated by key stakeholders in the society, such as chairmen of local governments, market men and women associations, Community Development Councils, organised private sector, National Youth Council, Association of People Living with Disabilities amongst others.
While appreciating President Bola Ahmed Tinubu for initiating the scheme, the Prince Abiodun reassured that the disbursement will be extended beyond June 2024 when it was initially supposed to end, urging beneficiaries to use the grants wisely and responsibly.
The governor added that the grant was given with the expectation of driving a positive change as well as contributing to the growth and development of our economy.
Speaker of the State House of Assembly, Rt. Hon. Oludaisi Elemide noted that to whom much is given, much is expected, and implored beneficiaries not to see the grant as national cake but to use it for the purpose it was meant for.
Earlier in his remarks, the Chairman steering committee for OGCARES who is also Commissioner for Finance, Mr Dapo Okubadejo, said the disbursement, which started in 2022 was to mitigate the effect of Covid-19 pandemic by providing support for small and medium scale business owners in the state, noting that 2,822 small and micro enterprises would benefit from the second phase.
While imploring them to make judicious use of the money, he said that the grant would also serve as social protection for the poor and vulnerable in the society and support agricultural businesses.
Also speaking, the ALGON Chairman in the state, who is also the Chairman Ijebu Ode Local Government, Hon. Emilola Gazal appreciated the state government for its commitment and support towards developing the grassroots.
He said the grant was timely, especially now that many people are going through a lot of hardship in the country while advising beneficiaries to make good use of the money.
In their separate testimonies, Chairman Association of all Business Owners of Nigeria, Dr Femi Egbesola and the Iyaloja General of Ogun State, Alhaja Yemisi Abass, represented by the Iyaloja of Obafemi Owode, Chief (Mrs) Ganiyat Oyelakin, commended Prince Abiodun for his developmental strides in the state, especially in empowering small and medium scale business owners, youths, farmers and market men and women.
He said that the OGCARES scheme has turned many beneficiaries to employers of labour.
Agriculture
NNPC Foundation Reiterates Commitment to Ensuring Food Security

The Nigerian National Petroleum Corporation (NNPC) Foundation has renewed its commitment to ensuring food security in the country.
Mrs Emmanuella Arukwe, Managing Director, NNPC Foundation, said this on Wednesday in her remarks during the training of vulnerable farmers in Akwa Ibom.
Arukwe said that 6, 000 farmers across the country would be trained on modern farming methods and market access strategies to boost food production in the country.
Arukwe, who was represented by Dr Bala David, Executive Director, Programme Development and Coordinator, NNPC Foundation, added that the Foundation was dedicated to implementing impactful programmes that aligned with national priorities.
She said that more than 500 farmers in Akwa Ibom were trained by the NNPC Ltd Agricultural Training Initiative for Vulnerable Farmers on modern methods and strategies to boost food production.
Arukwe added that the farmers were drawn from the state’s 31 local government areas to participate in the training to equip them with techniques and market access strategies to add value to their businesses.
“This programme is a testament to our unwavering commitment to food security, economic empowerment and national development.
“As the corporate social responsibility arm of NNPC Ltd, the Foundation is dedicated to implementing impactful programmes that align with national priorities.
“This initiative is part of our broader efforts to support the Federal Government’s agricultural transformation agenda, which seeks to enhance food security, increase productivity, and improve the livelihoods of smallholder farmers.
“Our goal is to equip every participant with the tools, knowledge, and resources needed to transition from subsistence farming to commercial-scale production,” Arukwe said.
In her remarks, Dr Offiong Offor, Commissioner for Agriculture and Rural Development, Akwa Ibom, thanked NNPC for the initiative to equip farmers with knowledge on modern farming.
Offor, represented by Dr Atim Okoko, Permanent Secretary, Ministry of Agriculture and Rural Development, said that a nation that trained farmers was a nation that would not go hungry.
“I want to express the state government’s appreciation to NNPC for mounting this laudable programme.
“A nation that starts to train farmers, a nation that starts to look at farmers will never go hungry.
“In this season that our President Bola Tinubu has come up with his Renewed Hope Agenda, everything is to end hunger in Nigeria,” Offor said.
The commissioner added that the programme came to complement what the state government was doing to ensure food sufficiency.
Responding on behalf of farmers, Mr Bassey Inwang, State Chairman, All Farmers Association of Nigeria (AFAN) said farmers in the state were so grateful for the training.
Inwang said the training would boost food production in the state, as the farmers would apply the knowledge gained on their farms for increase in yields.
He said, “We want to tell you that we will not take this training for granted, we will apply it properly on our farms.” (NAN)
Agriculture
FG Trains 120 Youths On Poultry Farming In Plateau

The Federal Government has commenced free six months training for 120 Plateau youths on poultry farming.
The training is through the National Youth Skills Acquisition Fund (NYESAF), under the Innovation, Development and Effectiveness in the Acquisition of Skills (IDEAS) Project.
Dr Daniel Jarafu, Chief Executive Officer (CEO) VetVille Nigeria Limited, one of federal government’s training service providers in charge of the training, said this on Saturday in Jos, at the flagoff of the programme.
Jarafu, said the project was a deliberate effort by the federal government to empower youths with skills that would make them skillful, self sufficient, employers of labour and in turn, boost economic growth of the nation.
According to him, the six months training is segmented into three months theoretical and three months practical aspects .
He further explained that at the end of the programme the trainees would sit for the National Skills Qualifications (NSQs) examination to earn a national certification which would be equivalent to certification earned in the formal education system.
Earlier, Prof. Arhyel Balami, the Guest of Honour, said the initiative by the federal government was highly laudable as it would lead to the empowerment of youths with hands on agricultural skills that would make them productive with sustainable livelihoods.
Balami, urged the trainees to make the best use of the training by being diligent, showing up and paying rapt attention during the course of the training.
The News Agency of Nigeria (NAN) reports that NYESAF is to train 75,000 youths nationwide, with the aim of enhancing job creation, entrepreneurship, and economic independence among young Nigerians.
NAN further reports that initiative underscores the government’s commitment to equipping youths with essential skills to drive economic growth and self-sufficiency
Economy
FG To Finalize N1.5trn Road Concession Project- Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government will soon finalise N1.5 trillion road concession project.
Edun made the statement during a meeting with some private sector investors in Abuja on Wednesday.
He said that the government was on the verge of finalising the landmark N1.
5 trillion road concession project, launched in 2021 under the Highway Development and Management Initiative (HDMI).The minister said that the initiative aimed to involve private sector partners in the reconstruction and management of nine major highways across the country, spanning approximately 900 kilometers.
He said that the partners had almost completed all arrangements for the highways, which they would finance, rebuild, and maintain under 25-years concession agreements.
Edun said that the concessionaires were expected to recoup their investments through tolling fees.
“We met the concessionaires who have virtually concluded all the agreement arrangements for nine roads, nine major highways, which they are contracting to refinance the rebuilding of and to recover their funds from tolling fees under 25-year or so agreements.
“And we met them to iron out the remaining administrative obstacles for the kicking off construction of these roads,” he said.
Edun said that the substantial private sector investment would bridge budgetary gaps.
He added that it would also allow investors to undertake revenue-generating projects, leveraging their expertise and resources for long-term implementation and maintenance.
“Thereafter, it will be a question of signing the addendums and moving to the site.
“As you know, already the 125-kilometer Benin–Asaba Highway concession agreement has been signed. The addendum has been signed.
“All arrangements have been finalised, in fact, the ministry of works have handed over the road to the concessionaires.
“They have already started the preliminary arrangements for reconstruction of that road in place of a 10 lane highway.
“It is an investment, it’s a project and an initiative that will reduce the travel time between Benin and Asaba right up to the Niger Bridge,” the minister said.
Edun said that the Benin–Asaba Highway project, which has already commenced, is expected to reduce travel time between Benin and Asaba from four hours to one hour, significantly enhancing productivity and efficiency in the region.
He described the HDMI, launched in 2021, as a strategic programme by the federal government aimed at attracting private sector investment to improve Nigeria’s federal road network.
Edun said that the initiative seeks to address the challenges of inadequate funding and maintenance by leveraging Public-Private Partnerships (PPP) to develop and manage road infrastructure.
Under the HDMI, 12 highways were initially selected for concession, covering a total of 1,963 kilometers.
These roads include Benin–Asaba, Abuja–Lokoja, Kano–Katsina, Onitsha–Owerri–Aba, Shagamu–Benin, Abuja–Keffi–Akwanga, Kano–Shuari.
Others are Potiskum–Damaturu, Lokoja–Benin, Enugu–Port Harcourt, Ilorin–Jebba, Lagos–Ota–Abeokuta, and Lagos–Badagry–Seme roads.
The minister said that the initiative was projected to generate over 50,000 direct and 200,000 indirect jobs, contributing significantly to the country’s economic growth and development.
The Minister of Works, Engineer David Umahi who joined the meeting virtually reassured the private sector partners on the HDMI of the federal government commitment.
He said that everything possible would be done to resolve the contending issues, adding he will soon be back to address all pending issues.
One of the concessionaires, Mr Kola Karim, representing Shoreline, emphasised the need for right and enforceable documents stipulating the takeoff and handover dates, which would attract investors to invest their funds.
Other private sector partners also requested for the addendum to the original agreement to be signed that would enable toll sections of the completed highways while work was in progress on other sections.
They noted that each concessionaire has unique challenges that should be dealt with accordingly.
Also in the meeting were Minister of Budget and Economic Planning, Abubakar Bagudu, and the Director General Infrastructure Concession and Regulatory Commission (ICRC), Dr Jobson Ewalefoh