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FG’s ₦75bn MSME loan disbursement extends to Delta, Sokoto, others

FG’s ₦75bn MSME loan – FG’s ₦75bn MSME loan…
FG’s ₦75bn MSME loan – The Federal Government has…
The Federal Government has launched a groundbreaking initiative to support over 75,000 Micro, Small, and Medium Enterprises (MSMEs) through its ₦75 billion loan programme.
Starting in 2025, the scheme offers single-digit interest loans to catalyse economic growth, create jobs, and drive innovation across Nigeria.
With MSMEs contributing over 45% to Nigeria’s Gross Domestic Product (GDP) and 90% of employment, the initiative is expected to significantly boost the economy.
Beneficiaries will be able to access loans of up to ₦5 million at a 9% interest rate, repayable over three years.
According to Dr. Olasupo Olusi, Managing Director of the Bank of Industry (BoI), the programme demonstrates President Tinubu’s commitment to inclusive growth.
“The funds are ready for disbursement to eligible businesses at competitive rates. Over 800,000 Nigerians have already benefitted from previous schemes,” Olusi noted during a sensitisation meeting in Lagos.
In Delta, Governor Sheriff Oborevwori praised the Federal Government’s efforts, revealing that over 24,000 beneficiaries in the state have received grants totalling ₦1.2 billion.

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Represented by Commissioner Orode Uduaghan, he urged recipients to utilise funds for business expansion, adding, “The scheme reflects our commitment to fostering a business-friendly environment.”
In Sokoto, BoI Manager Hajiya Habiba Sambawa highlighted that ₦50 billion from the first phase had been disbursed to nano-businesses.
The second phase focuses on MSMEs, providing up to ₦5 million per business to promote job creation and economic diversification.
The programme also emphasises inclusivity, targeting youth, women, and people with disabilities. BoI officials urged entrepreneurs to apply directly without intermediaries.
In Borno, Governor Babagana Zulum stressed the initiative’s role in rebuilding local economies. “This programme supports our recovery from insurgency, empowering traders, artisans, and ICT operators,” said his representative, Abubakar Muhammed.
The initiative underscores Tinubu’s Renewed Hope Agenda, offering a lifeline to businesses and driving Nigeria’s economic transformation.
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Flight disrupted as Air Peace aircraft hits antelope on runway

A domestic flight operated by Air Peace was abruptly halted on Saturday after the aircraft collided with a large antelope while taxiing on the runway at Asaba International Airport in Delta State. The impact caused significant damage to the plane, grounding it and resulting in flight delays for scheduled passengers.
The Nigerian Civil Aviation Authority (NCAA) confirmed the incident through its Director of Public Affairs and Consumer Protection, Michael Achimugu, in a post on social media platform, X. “Monitoring reports yesterday indicated that an Air Peace aircraft ran into a large antelope, decimating the animal and leaving the aircraft AOG (aircraft on ground),” he stated.
He explained that while the airline was not at fault in this particular disruption, it is still responsible for providing affected passengers with timely information, care, and, where necessary, refunds. “This explainer is for illustration purposes, not to excuse airlines when they fail to do their duties to passengers,” he noted.
As of press time, the airline had not issued a formal statement on the incident, but engineers are reportedly working to assess and repair the damage.
ALSO READ: It costs us over N14m to operate a one-hour flight, Air Peace
The occurrence comes just days after the NCAA advised Air Peace to reduce its operations in light of growing concerns over frequent delays and cancellations. While the regulator pointed to possible overextension, the airline attributed the disruptions to its commitment to safety rather than an aircraft shortage.
The incident has raised fresh concerns about runway safety and wildlife management at regional airports.
ALSO READ: Air Peace owner Onyema ranks Ekiti Airport among the best in the world
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20-ft container falls and crushes two dispatch riders to d3ath as Mack trucks collide on Eko Bridge

Two dispatch riders have lost their lives after a 20-feet container fell on them following a crash involving two fully loaded Mack trucks on Eko Bridge inward Alaka in Lagos on Sunday, May 11. The spokesperson of the Lagos State Transport Management Agency (LASTMA), Adebayo Taofiq, in a statement said that preliminary findings suggest that the driver of one of the articulated trucks, reportedly driving at an excessive speed while allegedly dozing off, lost control of the vehicle. He said that the truck then careened into another moving truck ahead of it, triggering a violent impact. This catastrophic collision, according to Taofiq, led to the dislodgement of a 20-foot container from one of the trucks, which subsequently crushed two unsuspecting dispatch riders. Both victims were confirmed d3ad at the scene According to Taofiq, the dispatch riders, with vehicle registration numbers T-10357 LA and KJA 107 XM were commuting on the axis when the accident happened. Preliminary findings suggest that the driver of one of the articulated trucks, reportedly driving at an excessive speed while allegedly dozing off, lost control of the vehicle, the statement read. “The truck then careened into another moving trucks ahead of it, triggering a violent impact. “This collision led to the dislodgement of a 20-foot container from one of the trucks, which subsequently crushed two unsuspecting dispatch riders who were navigating the route at the time. Both victims were confirmed d3ad at the scene.” Taofiq stated that LASTMA officers, who were monitoring traffic under the Eko Bridge, quickly responded to the incident and rescued a severely injured truck driver. He said the driver was rushed to a nearby hospital in a Lagos State Government ambulance for immediate medical care. The spokesperson noted that two truck drivers fled the scene, likely due to fear of consequences, and investigations are ongoing to track and apprehend them. He said the affected area has been cordoned by LASTMA and has redirected traffic through Coastain Roundabout to prevent further incidents and ensure road safety. LASTMAs General Manager, Bakare-Oki, condoled with the families affected by the tragic incident, expressing profound sorrow over the loss of lives. He also emphasised the importance of responsible driving, especially for articulated vehicle operators, and urged all drivers to exercise caution, stay alert, and ensure their vehicles are roadworthy before embarking on any journey. The post 20-ft container falls and crushes two dispatch riders to d3ath as Mack trucks collide on Eko Bridge appeared first on Linda Ikeji Blog.
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Senator Natasha sparks defection rumour as she vibes to song praising Tinubu

Embattled lawmaker Senator Natasha Akpoti-Uduaghan, representing Kogi Central, has sparked rumours of a possible defection to the ruling All Progressives Party (APC) after a video of her vibing to a song praising President Bola Tinubu emerged online.
Taking to her TikTok page on Thursday, May 8, 2025, Natasha shared a 15-second clip in which she was giggling while repeatedly playing the track by popular Kano musician Dauda Kahutu, otherwise known as Rarara.
During the President’s official visit last week, Rarara performed at a banquet organised by Katsina Governor Dikko Umar Radda. He serenaded Tinubu with his new song, “Asiwaju Omo Ologo,” which translates to ‘Asiwaju the glorious child’ in Yoruba.
Meanwhile, the Kogi lawmaker’s action has left her supporters with several unanswered questions, including whether she plans to join the ongoing exodus of Peoples Democratic Party (PDP) members to the APC.
ALSO READ: Akpabio’s withdrawal from sexual harassment panel sparks national outcry
On the other hand, some observers have suggested that her post may be another satire to embarrass the APC government, owing to her feud with Senate President Godswill Akpabio.
@senatornatasha Just for fun, song choked.
♬ original sound – A.A.Bash
Natasha and Akpabio are currently locked in multiple legal battles over allegations of sexual harassment, attempted murder, and defamation of character.
Things completely fell apart between the two lawmakers after a heated disagreement on the Senate floor in February, when Natasha disrupted plenary while protesting a new seating arrangement.
While the Senate moved to punish her for the action, the lawmaker dropped a bombshell on national television, alleging that Akpabio intended to undermine her because she rejected his purported sexual advances.

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The Senate later suspended Natasha for six months over her disruptive protest.
ALSO READ: You owe Nigerians evidence of sexual harassment claim – Deji Adeyanju fires Natasha
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