Zulum grants N814m to 9,154 MSME’s at launch of ‘BO-CARES’

0

Share and Enjoy !

0Shares
0 0

 

Governor Babagana Umara Zulum on Tuesday released a grant worth N814m to a combined number of 9,154 Micro, Small and Medium Enterprises (MSME’s), to stimulate local businesses.

The Governor gave the grant at the launch of the “Borno COVID-19 Action Recovery and Economic Stimulus” programme, codenamed “BO-CARES”.

‘BO-CARES’ is Borno State’s domestication of the Federal Government’s ‘NG-CARES’, to mitigate the impact of the COVID-19 pandemic on the poor and vulnerable households and small scales enterprises.

BO-CARES, Zulum explained at the launch, hopes to minimize youth restiveness by boosting individual and cooperative businesses operated by youths.

The combined 9,154 beneficiaries were made up of 4, 024 tricycle operators through their Amalgamated Union of NAPEP riders, 3,130 operators of mobile phone repairers and retailers under the Borno State Association of GSM operators and 2,000 tailors from the Borno State Tailoring Association.

Commissioner for Youth Empowerment, Sports Development and Poverty Alleviation, Saina Buba, whose ministry coordinated the exercise, enjoined beneficiaries to put the grant into proper use to enhance their businesses.

Buba noted that Governor Zulum has in three years disbursed 4.2 billion naira to numerous groups to stimulate Borno’s economy.

Managing Director of the Borno State Microfinance Bank, Dr. Bello Alh. Ibrahim added that the Zulum administration established an ultra-modern mechanic village to boost MSME’s across Borno State.

In a goodwill message, Bank of Industry’s Project Manager, Ali Mustapha Bello assured that the Bank will provide support to improve local capacity in order to achieve the desired goal of the program.

Before Tuesday’s release of N814m to 9,154 MSME’s, Governor Zulum had approved and disbursed funds for different economic empowerment initiatives.

Last year (2021) 13,500 SMEs were empowered across Biu, Gwoza, Ngala and Jere Local Government Areas with N900 million naira.

Also in same 2021, Zulum disbursed N350m to about 4,250 artisans and traders of different categories and locations within Maiduguri Metropolis and Jere Local Government Area.

The Governor had also distributed 100 brand new Toyota Taxis and 500 KEKE NAPEP at 50% subsidized repayment in Maiduguri and another 40 cars and 40 KEKE NAPEP in Biu.

In 2020, Zulum disbursed N1b to 7,200 SMEs drawn from Maiduguri Monday Market Traders Association, Budum Market Traders Association, Babban Layi Textile Dealers Association, Animal Feeds Sellers Association, Metro Plaza Market Association, Customs Vegetable Dealers Association, MAISANDARI Youth Development Association, Borno State Women Empowerment Association, Barracks Women Traders Association, Borno State Firewood Sellers Association, Baga Road Small Scale Traders and Tashan Bama Tipper Drivers Association.

The occasion was attended by Speaker of Borno State House of Assembly, represented by the Deputy speaker, Engr. Abdullahi Askira, former Deputy Governor, Usman Mamman Durkwa, Member representing MMC at the lower chamber of the national assembly, Abdulkadir Rahis, the State APC Chairman, Ali Bukar Dalori, and the APC senatorial candidate for Borno Central, Kaka Shehu Lawan.

Also at the occasion were commissioners, special advisers and assistants as well party chieftains.

577 Views

Leave a Reply

Your email address will not be published. Required fields are marked *

News

UNICEF Chief Calls for Greater Respect for Children’s Rights in Adamawa

0

Share and Enjoy !

0Shares
0 0

The United Nations Children’s Fund, UNICEF has advocated for respect and protection of children’s rights in Adamawa State. The Chief of UNICEF Bauchi Field Office, Dr. Nuzrat Rafique, made the call during a one-hour live discussion program on NAS FM Yola, Adamawa State. During the discussion program monitored by our correspondent, Dr. Rafique said UNICEF […]

Read More
News

Adamawa: UNICEF Rallies Traditional Rulers For Education Drive.

0

Share and Enjoy !

0Shares
0 0

By Aliyu Abubakar Gengle In a bid to tackle the out-of-school children syndrome and improve learning outcomes in Adamawa State, traditional leaders have been mobilised to champion education in their communities, leveraging their influence to drive enrollment, retention, and community engagement. At a high-level meeting organized by the United Nations Children’s Fund (UNICEF), in collaboration […]

Read More
News

Pension: Sabiu Baba Takes Helm as Bauchi State PENCOM Chair, Pledges Transparency and Efficiency

0

Share and Enjoy !

0Shares
0 0

By Mubarak Aliyu kobi Bauchi State Governor Senator Bala Mohammed has inaugurated members and chairman of the Bauchi State Contributory Pension Commission, tasking them with managing the state pension scheme. The commission’s primary objective according to the Governor, is to ensure effective pension management, reduce poverty among the elderly, and smooth consumption between working years […]

Read More