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Private Schools Will Benefit From MSMEs Support Scheme – Osinbajo

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Vice-President Yemi Osinbajo says private schools will benefit from the stimulus package the government of President Muhammadu Buhari has put in place for micro small and medium enterprises to cushion the effect of the COVID-19 pandemic.

Speaking at the 2020 edition of the MSMEs awards which held virtually on Thursday, Osinbajo listed hotels and road transport workers among the beneficiaries.

Osinbajo said the survival fund would help provide payroll support to MSMEs with a minimum of 10 and maximum of 50 staff members.

“I am glad to note that this year has been an exception despite the challenges posed by the Covid-19 pandemic. Locally, businesses are facing their most challenging time and the impact is particularly severe on MSMEs,” he said.

“The central plank of our response as a government to the economic challenges posed by the Covid-19 pandemic has been the Economic Sustainability Plan recently approved by President Muhammadu Buhari and the Federal Executive Council.

“In that plan which essentially envisages an overall N2.3 trillion stimulus package, we made extensive provision for financial support to MSMEs, ranging from a guaranteed off-take scheme to a survival fund that includes a payroll support programme for qualifying businesses.

“The guaranteed off-take scheme seeks to provide support for MSMEs, manufacturing local products by guaranteeing the purchase from them of qualifying products such as face masks, hand sanitisers, PPE for medical workers, etc.

“These products will be distributed to Nigerians, Nigerian institutions and entities that would require them.

“The survival fund will help provide payroll support to MSMEs with a minimum of 10 and maximum of 50 staff. The MSMEs that qualify for these will make available their payroll for verification by government.

“Companies that meet the requirements will then be eligible to have the salaries of their verified staff paid directly from the fund for a period of three months… the target beneficiaries of this scheme will include private schools, hotels, road transport workers, creative industries and others.”

He added that there is a N200bn fund which will be made available to MSMEs in the priority sectors such as healthcare, agro processing, creative industries, local oil and gas, aviation etc.

“This will be granted through a scheme jointly run by the BOI and NEXIM Bank especially for export expansion,” he said.

“The CBN is also committed to creating a N100bn target credit facility for MSMEs. Already the recently signed Finance Act already made provision for graduated company income tax rates with zero rates for small companies and a rate reduction for medium sized companies.”

He specially commended all those who have started businesses in Nigeria, no matter how small, describing them as champions.

“Every person who has taken it upon themselves to start a business in Nigeria no matter how small is a champion and we as a government owe it to you to create an enabling environment for you to thrive,” he said.

“This is President Muhammadu Buhari’s commitment to MSMEs in Nigeria that we will continue to stand by you and to support you and to create opportunities for you to grow and prosper.”

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Nigeria Immigration Service Places Embargo on Capturing, Issuance of Passports

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The Nigeria Immigration Service has placed an embargo on capturing and issuance of passports to applicants from today May 18th till the end of May 2021.

The Comptroller General of Immigration, Muhammed Babandede made the announcement on Tuesday during a press briefing in Abuja.

He said the decision is to enable the service to clear its backlog, noting that it will no longer collect fresh applications until the backlogs are cleared.

This means that all passports in control offices are closed for applicants from today till May 31st and payments for passports will be online when the portal is opened which will be June.

The Minister of Interior, Rauf Aregbesola had earlier given a six weeks timeline for passport collection.

He said this will be six weeks which is meant to allow for enough time to investigate, verify and validate personal information supplied by the applicants.

“What we are driving at is the peace of mind that comes from the assurance of certainty. If there are circumstances that will make the date to change, it will be communicated to the applicant one week before the collection date”.

He noted that applicants will have no basis for further communication with officers, other than to complete their application process and leave the venue. The date for the collection of their passports or any challenge to the application will be communicated to them.

“The technology for the efficient running of this system has been acquired and will be deployed.

“We are publishing on our website the list of the backlog of passports that are ready which are yet to be collected by the owners. They will be required to go to the state commands to collect them.

“With these changes, it is my firm belief that we will arrive at a new dawn in passport application processing”, the minister added.

Below is the breakdown of the current backlog

Local: 71, 644

Enhanced: 46,814

Foreign : 17,906

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NLC President Dares El-Rufai, Leads Protesters to Kaduna Govt House

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The President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, is currently leading union members to the Kaduna State Government House.

This is after Governor Nasir El-Rufai declared the labour leader and others wanted for “economic sabotage” and attack on public infrastructure.

Large crowd, led by Wabba, is marching through Waff road in Kaduna and heading towards the government house.

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Gov Obiano Imposes Curfew on 2 Warring Anambra Communities

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Gov. Willie Obiano has imposed a 7am to 6am curfew on Omor and Anaku communities in Ayamelum Local Government Area of the state.

This is contained in a statement issued by Prof. Solo Chukwulobelu, Secretary to the State Government.

The state government said the curfew is untill further notice.

”The curfew begins on Monday. Residents of the two communities should obey the order as security personnel are on strict orders to enforce the curfew directives.

”The government has lifted the curfew imposed on Igbariam, Aguleri, Umueri, Nteje, Awkuzu and Umunya communities on April 26, following the return of normalcy in the areas,” the government said.

It was reported that on Sunday, a violent clash broke out between residents of Anaku and Omor Communities.

The police says three persons have been confirmed dead in a clash between Omor and Anaku communities in Anyamelum Local Government Area of the state.

DSP Tochukwu Ikenga, Police Public Relations Officer in Anambra, told NAN in Awka on Sunday that normalcy has since been restored in the area.

Ikenga said that Mr Chris Owolabi, Commissioner of Police in the state, personally led a team of operatives to quell the crisis between the neighbouring communities.He said that the command is still gathering information on the extent of damage while assuring that efforts were on to avoid deterioration of the situation and ensure lasting peace.

“Normalcy has been restored in the area and our men are still on ground to ensure safety of life and property. So far, we have recovered three bodies which have been deposited at the morgue.

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