Business
Presidential Nano Grant Beneficiaries Tell Tales of Joy, Frustration
Last weekend, the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, flew from Abuja to Calabar, Cross River State, to oversee the disbursements of the federal government’s N50k Nano grant to some beneficiaries in the State.
The grant is being disbursement through the Bank of Industry.
During the event held at the PBAT Media Centre, the Minister said: ” This was the first of many trips across the country to get on ground realities of the grant implementation and ensure they are going to the right people.
We still have many more people to pay but reassuring that this program by @officialABAT is restoring hope and rebuilding lives in Cross River.”
She stated that 660,320 nano businesses have been supported so far with over 300,000 still to come.
“Manufacturers and MSMEs your turn is from next month,” she said.
Industrial Times, has been following the development, and reports that while some of the grant beneficiaries are happy and praising the government, others are frustrated as the following comments, shows: ” @Aishatu umar: I want to call your attention concerning the payments of presidential condition grant scheme two of beneficiaries I know their dashboard on your portal shows that they were paid but unfortunately they never received dime in their respective accounts up to now since last 5 weeks.”
@ victor okon: “I’m yet to get my 50k despite having done physical data capturing.”
Read more:
Industrial Times
industrialtimesngr.com/Presidential-nano-grant-beneficiaries-tell-tales-of-joy-frustration
Business
President Tinubu Leaves for Kenya, Rwanda and France to Strengthen Strategic Partnerships
At the two summits, President Tinubu will deliver statements highlighting his administration’s ongoing reforms to reposition the nation as a prime destination for investment and growth. He will also hold high-level meetings with top-tier global and African business leaders.
President Bola Ahmed Tinubu will depart Abuja on Saturday, May 2nd, on a visit to Kenya, Rwanda and France.
The itinerary details are provided by Bayo Onanuga,Special Adviser to the President(Information & Strategy), as follows:
” President Tinubu’s first stop will be in France, after which he will depart for Nairobi, Kenya, to attend the Africa-France Summit scheduled to begin next week.
Co-chaired by President Emmanuel Macron and President William Ruto, the summit focuses on energy transition, green industrialisation, digital transformation, restructuring of global financing architecture, and climate action.
President Tinubu’s participation at the summit from May 11- 12 will underscore Nigeria’s unwavering commitment to strengthening strategic partnerships with African nations and the French Republic.
The summit, with the theme – “Africa Forward: Africa-France Partnerships for Innovation and Growth” – will provide a high-level platform for African leaders and their French counterparts to deliberate on critical issues affecting the continent, including economic transformation, climate resilience, infrastructure development, youth empowerment, technological advancement, and peace-building initiatives.
At the end of the Kenyan summit, President Tinubu will depart for Kigali, Rwanda, to attend the annual Africa CEO Forum, taking place between May 14th and 15th.
With the theme “Scale or Fail”, this year’s Africa CEO Forum will be the largest gathering of African private sector leaders, investors, and policymakers, focusing on accelerating economic transformation through shared scale, regional integration, and increased cross-border investment.
Held in partnership with the International Finance Corporation (IFC), the summit brings together over 2,000 top executives and national leaders to debate strategies for building resilient, competitive industries.
At the two summits, President Tinubu will deliver statements highlighting his administration’s ongoing reforms to reposition the nation as a prime destination for investment and growth. He will also hold high-level meetings with top-tier global and African business leaders.
President Tinubu will be accompanied on the trip by some of his ministers and senior aides.
He will return to Nigeria at the end of the Rwanda summit. “
Business
Nigerian Lawmakers Demand Arrest of World Bank Official Calling for Reinstatement of Petroleum Import Licences
Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.
The House of Representatives Committee on Petroleum Resources (Downstream) has call for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences.
The Committee described the recommendation as a reckless move capable of undermining Nigeria’s indigenous refining capacity.
In a formal resolution, the Committee condemned the World Bank report, which claimed that imported petroleum products are 12 percent cheaper than those from the Dangote Refinery.
It rejected the position as contrary to Nigeria’s national economic interest and an unacceptable interference in the country’s sovereign petroleum policy.
Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.
It further demanded that the staff member responsible for the report be relieved of their duties and subjected to investigation.
Business
Senate approves Tinubu’s $516.3m loan
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
The Senate has approved the $516.3 million loan requested by President Bola Ahmed Tinubu.
The money will be used for the construction of the Sokoto-Badagry Superhighway (Section One, Phase 1A and B).
The approval was given on Wednesday after the Senate considered the report of its Committee on Local and Foreign Debts.
The committee, chaired by Senator Magatagarda Wamakko, recommended the approval of the loan.
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
-
News3 days agoFG declares May 1 public holiday to mark Workers’ Day
-
News3 days agoTinubu designates Rabiu Umar new CEO of NMDPRA
-
International3 days agoUS war in Iran has cost $25 billion so far, says Pentagon official
-
News3 days agoTinubu moves Bianca Ojukwu to foreign minister
-
Business3 days agoIbukun Awosika resigns from Cadbury board
-
Politics2 days agoBREAKING: Supreme Court Again Voids PDP’s Ibadan Convention In The Second Appeal
-
Business3 days agoSenate approves Tinubu’s $516.3m loan
-
Politics3 days agoSupreme court rules on ADC and PDP crisis today
