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74 micro businesses get NDE loans in Plateau

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The National Directorate of Employment (NDE) on Thursday, disbursed loans to 74 people in Plateau, under its Micro-Entreprises Enhancement Scheme, MEES.

Speaking at the disbursement ceremony, the Ag. State Coordinator of NDE in Plateau, Mrs. Asabe Lassa, urged the beneficiaries to use the loans judiciously, to become self reliant.

She said that the N20, 000 loan for each beneficiary was to enable them to grow their businesses, which would have multiplier effects on the economy.

“Do not despise the days of little beginning,” the coordinator said.

She said that the scheme would expand their businesses, which would enable job creation for the unemployed.

Lassa said that in spite of the paucity of resources in the country, NDE was determined to create jobs through its programmes and projects.

The NDE official urged the beneficiaries not to use the loans to cater for their personal needs , but to establish and build their businesses.

“Do not see the loan as a gift or a means to solve issues on the ground, but it is meant to help you , so that you do not only solve the problem of today but also tomorrow,” she said.

In his remarks, the Head of Department of the Small Scale Enterprises, Mr. Victor Otukpa said that the loan had a moratorium of two months.

He said that after the period, beneficiaries were to pay ₦1,000 monthly, adding that the loan had nine per cent interest rate.

Otukpa told the beneficiaries that they would be monitored, to ensure that the loan was being used in line with its purpose.

Responding on behalf of the beneficiaries, one of them, Mrs Felicia Nuhu, thanked NDE for the loans, and assured them that they would make judicious use of the facility.

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PremiumTrust Bank Abuja City International Half Marathon Assures Runners Of Safety Ahead Of 14 November Race

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The organisers of the PremiumTrust Bank Abuja City International Half Marathon have assured runners of a safe and well-planned race, with special attention to the challenges of extreme heat.

Speaking in a video message, Emmanuel Odey, the Project Manager at Nilayo Sports Management Limited, the organisers of the race, warned athletes about the dangers of running in extreme heat and advised them to prepare properly.

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“The world is bracing for a powerful El Niño, a climate phenomenon that can disrupt weather patterns worldwide and lead to extreme heat. Nigeria is a possible risk area, and runners must take the warning seriously.” Odey explained.

According to him, “Extreme heat is no joke. It can lead to dehydration and even life-threatening heat stroke if runners are not careful.”

He urged runners to “hydrate well, pace themselves and listen to their bodies at all times, even while training.”

To support the athletes on race day, Odey revealed that the organisers will provide chilled water at every 2.5 kilometres along the route. At the finish area, there will also be a cold water bath to help cool down the body of runners after the race.

He added “We will provide chilled water at every 2.5 kilometres along the route, and at the finish area, there will be a cold water bath to help cool down the body after the race.”

The race is scheduled for 14 November 2026. The start point is the Old Parade Ground opposite the Fire Station, while the start time is 6:30am. The finish line is the Velodrome at the Moshood Abiola National Stadium, Abuja.

Odey concluded his message with a charge to all participants, “Respect the heat, run smart and finish strong. You are built for this.”

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‘No Nigerian asset has been sold to US’ — Alake

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The Minister of Solid Minerals Development, Dele Alake, has dismissed reports that Nigeria sold $700 billion worth of solid minerals to the United States, insisting that the bilateral agreement between both countries does not involve the sale or transfer of Nigeria’s mineral assets.

Mr Alake made the clarification during the inauguration of the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector in Abuja.

“There is no sale of any Nigerian asset. There’s nothing exchanging hands,” he said.

The minister explained that the agreement signed by Nigeria and the US was a government-to-government framework designed to connect American investors with Nigerian businesses, rather than transfer ownership of the country’s natural resources to foreign interests.

“We created a platform to facilitate mingling of US investment ventures with Nigeria’s local operators,” he added.

Mr Alake said the partnership was intended to attract capital, promote technology transfer, expand local mineral processing and create jobs as the Federal Government seeks to reduce Nigeria’s dependence on crude oil.

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The committee’s inauguration followed the signing of a strategic cooperation framework by Nigeria and the US in New York in September, on the sidelines of the 81st United Nations General Assembly.

What the $700bn figure means

The clarification follows the announcement of the agreement, which described Nigeria’s mineral resources as being worth an estimated $700 billion.

The figure refers to the estimated value of Nigeria’s mineral resources, according to the government, not the value of minerals sold to the US or a confirmed investment commitment from the American government.

The framework was signed by Mr Alake and US Deputy Secretary of State Christopher Landau in New York on 23 September. It provides for cooperation in geological data and exploration, mineral development and processing, infrastructure and technical capacity-building.

The agreement is expected to provide a platform for American investors to partner with Nigerian mining companies and other local operators.

Mr Alake said the government wanted to change a pattern in which resource-rich countries export raw materials while other countries capture more of the value through processing and manufacturing.

“We have the resources, the critical elements the world needs to transit to clean energy. So we are creating a new paradigm: you bring your capital, expertise and technology to match with our natural resources and create a win-win situation. The investor gains, Nigeria gains,” he explained.

He added that the government wanted Nigeria to retain more economic value from its mineral resources through local processing and industrial development.

Local processing takes centre stage

Mr Alake said local processing had become a key requirement for investors seeking mineral titles, as the government sought to discourage the extraction and export of raw minerals without sufficient value addition.

Nigeria has deposits of minerals including lithium, gold, iron ore, limestone and tin. However, the sector remains underdeveloped compared with the country’s oil industry, limiting its contribution to exports, industrial growth and government revenue.

The government has increasingly identified solid minerals as an avenue for diversifying the economy, attracting foreign investment and creating employment outside the oil sector.

Mr Alake said the policy was encouraging investment in mineral-processing facilities, including a lithium processing plant in Nasarawa State that the government has described as one of the largest of its kind in West Africa.

He said the Nigeria-US partnership could help match the country’s mineral resources with the capital, technology and expertise needed to develop a stronger mining industry.

The agreement comes amid global competition to secure critical minerals used in electric vehicle batteries, renewable energy systems and other advanced technologies. Countries are seeking to diversify their supply chains as demand for these materials grows.

Mr Alake charged members of the newly inaugurated committee to identify viable investment opportunities and ensure that the agreement produced measurable outcomes.

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He said the committee’s work was important to President Bola Tinubu’s target of building a $1 trillion economy.

The minister said the government was determined to ensure that mineral wealth translated into tangible economic benefits for Nigerians rather than remain an underutilised resource.

In his remarks, the ministry’s Permanent Secretary, Faruk Yusuf Yabo, said the committee would provide a structured platform for turning bilateral discussions into practical cooperation and investment.

Jonathan Baas, an economic officer at the US Embassy in Nigeria, said Washington was prioritising energy, artificial intelligence and critical minerals in its international economic engagements.

He explained that the US was seeking partnerships that would strengthen critical mineral supply chains while allowing resource-producing countries to benefit from the economic opportunities created.

The Managing Director of the Nigeria Solid Minerals Company, Martins Imonitie, also said the committee would coordinate implementation, facilitate investment and monitor progress towards the objectives of the cooperation framework.

Mr Alake said the government would judge the partnership by its ability to generate investment, strengthen local industries and create jobs, rather than by the estimated value of Nigeria’s mineral resources alone.


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