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Oyetola inaugurates conditional grant scheme for SMEs in Osun

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By Ismail Azeez, Osogbo

Minister of Marine and Blue Economy, Adegboyega Oyetola on Monday inaugurated a conditional grant scheme for SMEs in Osun fully funded by the Federal Government.

The former Osun State Governor also flagged off the Conditional Grant Scheme (CGS) for micro enterprises at the Industrial Development Centre (IDC) under the National Business Skills Development Initiative (NBSDI).

This is even as Oyetola extolled President Bola Ahmed Tinubu’s administrative acumen and his creative approach to stimulating the economy and providing welfare for the people, as well as his strategic way of tackling hunger, poverty and misery in a depressed economy.

The Conditional Grant Scheme, according to him, is for the Micro Small and Medium Enterprises, designed to provide entrepreneurship skills, vocational skills and provision of empowerment materials (equipment) to fill the capacity gap of the youths so as to ensure that they earn income through filling the artisanal gap in Nigeria.

Speaking at the flag off ceremony held at the premises of the Industrial Development Centre (IDC) of the Federal Ministry of Industry, Osogbo, Oyetola described the gesture as a round peg in a round hole noting that the scheme is a testament to the Federal Government’s fulfillment of its determination to protect businesses in the country, especially the Nano, Micro, Small and Medium Enterprises (NMSMEs), which is a critical sub-sector of the Nigerian economy.

Oyetola who noted that the scheme was  in line with the renewed hope agenda of President Tinubu expressed profound gratitude to the Federal Government for graciously choosing Osun as the venue for the flag-off of the people-oriented initiative.

“We are, therefore, in Osogbo today to inaugurate the following: Remodeled textile workshop, Industrial garment equipment/machines, renovated electrical works and dual powered borehole.

“Today’s interventions are loud testaments to the Federal Government’s fulfillment of its determination to protect businesses in the country, especially the Nano, Micro, Small and Medium Enterprises (NMSMEs), which is a critical sub-sector of the Nigerian economy.

“It also portrays the Federal Government, under President Tinubu’s watch as a responsible, responsive and thinking government that has empathy for the youth population of our country,” he said.

Oyetola implored the state governments to support the efforts of the Federal Government by ensuring that they establish their State Councils on MSMEs in partnership with SMEDAN in the country.

The Minister also urged the beneficiaries of the grant to maximise the opportunities offered them by the Federal Government through the scheme and use same judiciously for the purpose it was meant for.

“I urge all the beneficiaries of today’s interventions in Osun State and other beneficiaries across the country to seize the opportunity offered them by the President Tinubu’s administration to join the league of small and medium scale business owners in the country. You must know that every enduring business starts small.

“Therefore, see what you have today in your hands as a mustard seed. Start where you are and watch your efforts grow with pride,” the Minister added.

Earlier, Director-General, Small Medium Enterprise Development Agency of Nigeria (SMEDAN), Mr Charles Odii, disclosed that thousands of the residents of the state have benefited and still benefitting from different schemes of the agency overtimes

He expressed confidence that the grant would go a long way to support the businesses of the beneficiaries in particular and stimulate the economy of the state in general.

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Shettima departs for 2024 US-Africa Business Summit in Dallas

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Vice-President Kashim Shettima is expected to depart Abuja for Dallas, United States of America, to represent President Bola Tinubu at the 2024 US-Africa Business Summit.

The summit is organised by the Corporate Council on Africa.

Mr Stanley Nkwocha, the Senior Special Assistant to the President on Media and Communications, Office of The Vice-President, said this in a statement on Sunday in Abuja.

Nkwocha said Shettima would join other political and business leaders across Africa, the USA and beyond for the summit.

According to him, the summit will feature high-level dialogues, networking business sessions and the plenary, all scheduled for the Kay Bailey Hutchison Convention Center in Dallas, Texas.

He said that the African leaders expected at the summit include, the President, Republic of Liberia; Joseph Boakai, President, Republic of Malawi; Lazarus Chakwera and the President, Republic of Angola, Joao Lourenço.

Nkwocha said other African leaders that would grace the summit are the President, Republic of Botswana, Mokgweetsi E. K. Masisi, President, Republic of Cabo Verde, José Maria Neves, and the Deputy Prime Minister, Kingdom of Lesotho, Nthomeng Majara.

He said besides the summit’s plenary, Shettima would speak at the Roundtable on African Infrastructure Investment with a focus on impact and returns.

” He (Shettima) is also scheduled to speak on a high-level panel on agribusiness, focusing on transiting “from food insecurity to thriving agribusinesses.

” Additionally, the Vice-President will speak at a plenary session on Navigating Africa’s Energy Future as well as chair a session dedicated to promoting the ‘invest in Nigeria’ initiative.

” He is also expected to attend other meetings and engagements on the sideline of the summit.”

Nkwocha said that Vice-President Shettima is expected back in the country at the end of his engagements in the US.

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Israeli to close Al Jazeera’s operations in the country – PM Netanyahu

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Prime Minister Benjamin Netanyahu said his Cabinet has unanimously voted to close broadcaster Al Jazeera’s operations in Israel.

The move came after Israeli lawmakers recently approved a new media law widely referred to as the “Al Jazeera law” that gives the government powers to ban foreign broadcasters if they are deemed a risk to state security.

Netanyahu announced the Cabinet decision in a post on X, formerly Twitter, in which he called Al Jazeera “the hate channel.”

Israeli Communications Minister Shlomo Karhi said on Sunday that he had signed the closure order and that it would be implemented immediately.

According to Israeli reports, this means that offices in Israel could be closed, broadcasting equipment confiscated, the station removed from cable and satellite television channels and its website blocked.

The Israeli government had accused Al Jazeera, which is based in the Gulf emirate of Qatar and has a wide reach in the Arab world, of biased reporting on the ongoing war against Hamas militants in the Gaza Strip.

Al Jazeera has reported extensively on the catastrophic situation in the Palestinian territory and shown images of death and destruction that are rarely seen on Israeli television stations.

The channel also regularly shows videos of attacks on Israeli soldiers by Hamas’ military arm, the Qassam Brigades.

The channel has rejected allegations of bias and, in the past, accused Netanyahu of spreading “new lies and inflammatory slanders” against the network.

Al Jazeera has also accused the Israeli military of deliberately targeting journalists on several occasions.

Netanyahu has accused Al Jazeera of “damaging Israel’s security, actively participating in the massacre on October 7 and inciting against Israeli soldiers.”

Al-Jazeera was founded in 1996 and is headquartered in Doha. It was one of the first Arab TV stations to publish critical reports on the region and quickly gained popularity.

The Israeli government’s efforts to ban Al Jazeera have drawn criticism from some of the country’s most prominent allies, including the United States and Germany.

The U.S. State Department expressed irritation of the decision and reiterated support for the free press all over the world.

A German Foreign Office spokesman also criticised the so-called Al Jazeera law last month: “A free and diverse press landscape is the cornerstone of a liberal democracy.”

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OTC 2024: PETAN leads stakeholders on sustainable energy solutions for Africa’s future

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The Petroleum Technology Association of Nigeria (PETAN) has led delegates to the 2024 Offshore Technology Conference (OTC) in Houston, Texas U.S. to discuss sustainable energy solutions for Africa’s future.

Mr Kevin Nwanze, Executive Secretary, PETAN, disclosed this in a statement on Sunday in Lagos.

Nwanze said that PETAN’s Nigerian pavilion at OTC 2024 would be hosted under the theme, “Sustainable Energy Solutions for Africa’s Future”.

He said that the conference would have more than 200 hours of multidisciplinary discussions and networking events, including a wide range of topics, suited for every participant.

PETAN scribe, however, called for stakeholders’ participation at the 2024 OTC, holding between May 6 and May 9 at the NRG Park, Houston, Texas, US.

According to him, PETAN has been responsible for hosting stakeholders at the OTC for many years.

“The association is calling on government agencies, stakeholders, oil and gas companies, and Nigerian investors to participate at the Nigerian pavilion at the prestigious event in Houston, U.S.

“Participation in the Nigerian pavilion shall deliver a unique opportunity for exhibitors and delegates to interact with global professionals

“As they share their insights on technological advances, energy transition, safety, environmentally focused solutions, and economic and regulatory impacts of the offshore energy sector,” he aded.

Nwanze said: “It allows organisations to engage with world leaders, CEOs, and government officials from around the world, with the chance to create and develop business relationships.

“And also tap into emerging regions vital to offshore development and obtaining recognition necessary for growth and visibility to thousands across the globe.

“Showcase your company’s capabilities to over 1,000 delegates and over 250 companies in the industry.

“Promote products and services to operators and contractors in the local region.

“Gain access to the latest industry news and access to networking opportunities with professional contacts from across the world.

“Network with the upstream, midstream, and downstream organisations and high-profile government officials and key decision-makers in the industry.

“Build and establish new leads as well as entrench a global presence in the industry.

“Get familiar with competitors’ capabilities to stay ahead in the industry,” the statement read.

The OTC 2024 expects over 31,000 energy professionals as attendees, 45 technical sessions, 450 presentations and over 1,300 exhibitors drawn from different countries, including Nigeria.

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