Peoples Daily Newspaper, Tueday 04, September, 2012

Page 1

www.peoplesdaily-online.com

Vol. 9 No. 17

Tuesday, September 4, 2012

. . . putting the people first

Former Central Bank of Nigeria Governor, Ola Vincent, dies >> PAGE 3

Dasuki blames insecurity on injustice >> PAGE 3

Shawwal 17, 1433 AH

N150

2012 Hajj: Pilgrims complete orientation, medicals >> PAGE 3

FG intervention funds

Why businesses can’t access N817bn 1. 2. 3. 4. 5. 6.

Restructuring and Refinancing Facility (REF) scheme Small and Medium Guarantee Schemes (SMECGS) Power and Airline Intervention Fund (PAIF) Grooming Enterprise Leaders (GEL) Intervention Fund $200 million Entertainment Intervention Fund Commercial Agriculture Credit Guarantee Scheme (CACS) Total

N200bn N200bn N300bn N75bn N32 bn N10.7bn N817.7 bn

By Aminu Imam

A

recent survey has shown that only six percent of industrialists in the country have been able to access the over N800 billion various intervention funds of the Federal Government. The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) revealed this at a recent presentation of a survey report to stakeholders during a one day bi-annual dialogue on “Impact of Government Intervention Funds in the Transformation of the Contd on Page 2

PD INDEX

By Richard Ihediwa with agency report

E

30h Aug, 2012

CBN RATES $ £ EURO CFA RIYAL

BUYING 154.8 245 194.9 0.277 41

SELLING 155.8 246.8 196 0.297 41.5

PARALLEL RATES EURO £ RIYAL $

BUYING 201 257 40 159

SELLING 203 259 42 161

Igbo leaders reject Jonathan for 2015

Yobe State Governor, Malam Ibrahim Gaidam (middle), his Deputy, Engineer Abubakar D. Ali (left), and other personalities praying during the governor's condolence visit, yesterday in Damaturu to the family of the late Secretary to the State Pilgrims Commission, Alhaji Buba Abba Kyari, who died in Saudi Arabia at the weekend.

fforts by some politicians from the South East geo political zone to rally support for the re-election of President Goodluck Jonathan in 2015 has taken another twist as a radical proIgbo group, Oganiru Ndigbo Foundation/Igboville, yesterday rejected the move and threatened to ostracize any person who uses the name of Igbo to pronounce support for the project. The warning from the group, made up of radical politicians from the South East came on the heels of recent statements by some top Igbo politicians including serving governors in the region, Ohaneze Ndi-Igbo elders, Dr. Dozie Ikedife and Chief Arthur Eze among others, that the South East supported Jonathan in 2011 and will support him if he comes out in 2015. However, rejecting the pronouncement, as not Contd on Page 2


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