Vice President Osinbajo Visits Enugu, Approves Special Window Registration For MSMEs

In its bid to further ease the process of registering Micro, Small and Medium Enterprises (MSMEs) in the country, Vice President Yemi Osinbajo today, announced the Federal Government’s approval of a 90-day special window to register businesses at a reduced rate of N5000 only.

The Vice President who made the disclosure on Tuesday at the launch of the 19th edition of the National MSMEs Clinics in Enugu, Enugu State, said the special window of 90 days starts from October 1st to Dec 31st 2018.

According to Prof. Osinbajo, “It was observed during some of the earlier editions of the MSME Clinics that a lot of MSMEs were finding it difficult to register their businesses as a result of cost.

Speaking on other initiatives by the Federal Government designed to consolidate the gains of the MSMEs Clinics, Prof. Osinbajo said, “we will be establishing shared facilities for MSMEs based on a partnership between the Federal Government, interested States, Bank of Industry, NEXIM Bank, FIRS, NAFDAC, SON and interested private sector partners, as part of our efforts at deepening the impact of the Clinics.”

He also announced the Federal Government’s willingness to partner with State governments in establishing more One-Stop Shops, to further enhance business registration and facilitate seamless interaction between owners of small businesses and the relevant regulatory agencies.

According to him, “we are also aware that some States have gone on to set up ‘One-Stop Shops’ after the Clinics. These One-Stop Shops bring all the relevant agencies together in one place so as to enable the MSMEs access their services on an on-going basis.

Prof. Osinbajo also said there were follow-up plans to “ensure that all the finalists from the maiden edition of the MSME Awards are supported with publicity and media exposure, to enable them to reach even larger markets at home and abroad.”

He stated that the ongoing disbursement of collateral and interest-free loans given to petty traders under the GEEP TraderMoni programme would soon be launched in Enugu.

He thanked the Federal Government for the launch of the National MSMEs Clinics in the state, noting that it would greatly improve the lives of many youths especially those seeking employment opportunities.

Earlier in his remarks, Governor Ifeanyi, Ugwuanyi of Enugu said the State government had already keyed into some of the social investment programmes initiated by the Federal Government, assuring that the State would continue to cooperate with all federal authorities to improve the well-being of the people.

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Vice President Osinbajo Kicks Against Cancellation Of Lagos Guber Primary

Vice President Yemi Osinbajo has kicked against the cancellation of the All Progressives Congress (APC) Lagos governorship primary held on 2 October.

The APC governorship primary which held across the state on Tuesday was cancelled by the National Working Committee (NWC).

APC NWC led by Clement Ebri insisted that only a secret ballot voting system will be recognised in the primary between incumbent Lagos governor, Akinwunmi Ambode and contender Babajide Sanwo-Olu.

Reacting to the cancellation, VP Osinbajo said the results should be accepted if the process was free and fair.

According to a source close to the Presidency, “Osinbajo is calling on State and National APC leaders to work together and ensure that today’s voting in Lagos should be honored as long as it is free and fair.

The source revealed that “there has been a lot of confusion about the election especially after APC national team released a statement that the voting did not follow agreed guidelines”.

However before this, results of the voting had been widespread all over the social media from ward to ward.

Other sources close to APC headquarters told Chronicle NG  that the VP had been advising that the best thing in the circumstances is to honor the polls except there is compelling evidence of irregularities and violation of electoral laws.

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Independence: Vice President Osinbajo Prays For Nigeria’s Renewal, Restoration

Vice President, Yemi Osinbajo was one of the notable Nigerians that thronged the National Christian Centre, Abuja on Sunday for the inter-denominational church service to mark the 2018 Nigerian Independence Day celebration where he prayed for the country’s renewal and celebration.

Professor Osibanjo, whose remarks at the service dwelt on declarations and prayer for Nigeria, said “the anniversary of our nation is an opportunity to bless our nation, to declare blessings upon our nation, and upon the people of our nation, for all of us present here and everywhere.”

He declared: “Nigeria you will be exalted, you will not fail, you will not fall, you will excel, you will rise beyond the imagination of the world, and you will be a pride to Africa and the world, in the mighty name of the Lord Jesus.

“Nigeria this is your season of exaltation, renewal and restoration, and all we have lost will be restored, where you have failed we will succeed in the mighty name of Jesus

“We declare that death and destruction and every devise of Satan has failed over Nigeria. We speak life, life more abundant to you Nigeria and Nigerians in the mighty name of Jesus.

“Every person of Nigerian blood I declare concerning you, that this is the season of your promotion and you will be promoted, this is the season of joy for you, you and your families will experience great joy and favour in Jesus name.

“We declare concerning you Nigeria that you are entering into your season of exceeding greatness and great favour in Jesus name.”

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Vice President Osinbajo To Launch TraderMoni In Owerri

Vice President Yemi Osinbajo, (SAN), will today launch the TraderMoni scheme in Owerri, Imo State capital.

A statement by Senior Special Assistant to the Vice President on Media and Publicity Mr Laolu Akande says TraderMoni, which is part of the Federal Government’s Social Investment Programme, is designed to assist petty traders across the country expand their trade through the provision of collateral and interest-free loans from N10,000. The loans are repayable over a period of six months.

He said the micro-credit scheme under the Government Enterprise and Empowerment Programme (GEEP), was first formally launched on August 7 in five markets in Lagos State – Mushin, Ikotun, Agege, Ketu, and Abule Egba areas.

According to mr Akande, Following the Lagos leg, the micro-credit scheme has since been formally launched in eight other states, including Kano, Abia, Akwa Ibom, Katsina, Osun, Kogi, Oyo, Cross River; and Abuja (Federal Capital Territory).

Under the scheme, beneficiaries can get access to a higher facility ranging from N15,000 to N100,000 when they repay N10,000 within the stipulated time period.

Also, through TraderMoni scheme, the Buhari Administration aims to take financial inclusion down to the grassroots, and uplift Nigerians at the bottom of the pyramid, considering the contribution of petty traders to economic development. The Federal Government is also aware of the fact that many of the petty traders don’t have what the commercial banks require to grant them loans.

Petty traders from across the states have continued to laud the Buhari administration for helping them in expanding their trade and empowering them economically.

By the end of 2018, the micro-credit scheme would have reached all 36 states of the federation, with an estimated two million petty traders set to become beneficiaries.


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Osinbajo Inspiring A Young Generation Of Leaders, By Seun Bisuga

With role models thinning fast, Nigeria’s Vice President Yemi Osinbajo offers a glimmer of hope to youths aspiring to be successful in both private and public practice, given his glistering career and breathtaking records.

His carriage, grace and knowledge on a wide range of topics attracts people to him from afar and for those who have been privileged to a one-on-one with him, what sends a chill down your spine is his humility, attention to details and morale boosting advises.

It pretty much leaves you with a renewed belief in yourself and in Nigeria. You are rekindled with the ‘Nigeria will be great again’ mentality and state of mind. You know you can go beyond borders and break barriers.

When young aspirants on the platform of the All Progressives Congress met with him they departed with words of wisdom, more than money could buy. “You are the ones who can make the difference if you remain consistent in service,” Osinbajo, a Senior Advocate of Nigeria told the aspirants.

The young aspirants were not only buoyed by his words but by his actions. There was a willingness to pass on his knowledge in governance, first as Attorney General and Commissioner of Justice in Lagos and as Vice President of Nigeria. “That you are not just sitting down at home, not just getting upset with yourself on Social Media. You are putting your money, resources and your time where your mouth is. So, consider yourself in very exceptional company. This is a group of people who have not lost hope, but are very determined to ensure that things work.”

Sometimes testimonies have a strong impact in passing a message across and no testimony beats one which is very verifiable. To ginger the group, he told them a story that resonates. “As a young person, I belonged to several pressure groups. I graduated at the age of 21. And when I graduated, I began to participate in various pressure groups, human rights organisations, anti-corruption, civil society groups of every kind. When political parties started forming, we could not aspire, but we remained involved.

“For seven years – after serving as Lagos Attorney-General – I was part of the party, I did not have a board appointment or anything, but I kept working for the party. I kept working for the party as a lawyer. Most of those cases we were not paid a dime. But we went from place to place. Sometimes we didn’t even have a place to stay when we went to court the next morning. So, there is a measure of paying the price, it depends on how serious or committed we are to some of the things we say we are committed to.”

Many things stood out for the young aspirants, but none can be compared to the fact that the Vice President is one of the handful of politicians without any corruption tales hanging over his head since he got into active politics.

Vice President Yemi Osinbajo has never been accused of corruption or corrupt practices, he has led a clean political life in a heavily laden with corruption since 1999, standing in a league of his own, alongside President Muhammadu Buhari.

When you talk of making a difference, Prof Osinbajo has made the difference in more ways than one. “We are in a place where we are the ones who can make the difference,” he told the young aspirants who wanted to know how he succeeded in both private and public sector.

He added, “Nothing is going to change overnight, but we can make efforts to change the process. We can do a lot more, but it depends on our commitment. I like the idea of young people getting a quota in the party structure to run for office on some level, such as the State Houses of Assembly.”

For those who have had any formal or informal contact with Prof Osinbajo, you’ll testify to the fact that his leadership is both contagious and infectious. Be it on the Trader Moni campaign, meetings in Niger Delta, National Economic Council or even as acting President, he has exuded the highest level of leadership and history will have his name in GOLD.

Seun Bisuga is a journalist, writer and social media analyst. He can be reached via email:

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Osinbajo And A Proper Understanding Of The Restructuring Debate, By Chukwudi Enekwechi

The issues surrounding restructuring in Nigeria have remained topical at least since 1999, but it assumed a new level of resonance recently as the 2019 general elections approach. As expected, different pressure groups, socio-cultural associations and politicians have joined the fray. The most discernible motive for the high tempo in the resurgence of discourse about restructuring mainly centres around the ploy by some opposition politicians to take advantage of it to harangue the Buhari/Osinbajo administration as if all Nigeria’s problems will be solved with restructuring.

In their attempt to pull wool over our eyes on the topical issue and profit from it politically, they have tried to hinge the myriad of problems besetting Nigeria on restructuring, thereby insisting that the Buhari/Osinbajo administration must restructure Nigeria in their own terms and conditions.

As a responsible government, the Vice President, Professor Yemi Osinbajo made an intervention on the need to focus more on rebuilding the country for the benefit of all citizens which is evident in the administration’s programmes, and equally acceding to fiscal federalism as a restructuring model.

Some politicians who ab-initio had hoped to gain mileage with the advancement of a holistic restructuring will not listen or accept the Vice President’s line of argument rather they chose to pour invectives on him.

Being a gentleman and patriot, Professor Yemi Osinbajo further adduced reasons to justify his position for fiscal federalism, rather than geographical restructuring as being canvassed by some politicians. For any discerning mind, Professor Osinbajo’s postulations on fiscal federalism as a type of restructuring is not only patriotic but realistic and workable especially if we consider the heterogeneous nature of the country. As a country with divergent ethnic, cultural, religious and political backgrounds it will be chaotic and disruptive to embark on a geographical restructuring of the country at present, yet in a bid to benefit from the clamour of the crowded streets, some opportunistic politicians are insisting otherwise.

It is however important to remark that any long-lasting tinkering of the Nigerian political firmament as it is presently constituted must be weaned of the shout or plaudits of the throng, because in the end the essence of government is to guarantee the security of lives and properties of the citizens as well as cater to the needs of the people. I think it is within this prism that the Vice President, Professor Yemi Osinbajo tried to reason with the other schools of thought on the issue of restructuring. Unfortunately while as a statesman he is endeavouring to toe the patriotic line which will be acceptable to all the strata of society, his traducers chose to play to the gallery ostensibly for immediate political gains.

Therefore as the controversy over restructuring rages it important that Nigerians come to terms with the position of the Vice President, bearing in mind that this is one man who has never failed to stand shoulder to shoulder with Nigerians in their moments of need. There is no doubt that he has remained altruistic, devoted, committed and determined to sink and swim with Nigerians in the quest for an egalitarian society, and this is in line with the stand of President Muhammadu Buhari who has seen in him an undiluted level of patriotism and love for Nigeria, hence his decision to run again with him in the 2019 presidential election.

Nigerians must be wary of the later day restructuring converts to avoid any disappointment in the future. In the three and half years of the Buhari/Osinbajo administration it has become crystal clear that they have a clear focus of where to take the country, and using the three enablers of providing security, reviving the economy and tackling corruption Nigerians have seen the duo as partners in progress in whom they can entrust their future. As we approach the 2019 elections, we must distinguish mere rhetoric, deceitful political propaganda and realistic postulations as advanced by the Vice President of Nigeria Professor Yemi Osinbajo.

It is rather disappointing that some politicians in bid to gain momentarily from a prevailing situation will throw caution to the wind and condescend to the level of being impervious to reason. Lest we forget, Professor Osinbajo is not averse to restructuring as he has consistently promoted the creation of state police which is an aspect of restructuring, but he has always maintained the need for fiscal federalism which tends to devolve more powers to the sub-national governments rather than geographical restructuring.


By Chukwudi Enekwechi JP


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TraderMoni Beyond Petty Politics, Busy Body 2019 Elections,? By Akinloye James?

Some  Nigerians have wrongly claimed that the Trader Moni train travelling across the country is designed to induce voters ahead of the 2019 election, in some cases, like we saw in Osun, they believe that the scheme was designed to influence the governorship election holding on 22 September.

But a critical look at the scheme shows that all those politicizing the scheme got it wrong. Firstly, Trader Moni is a ‘Federal Government’ empowerment programme to alleviate poverty in Nigeria by empowering traders and artisans. It was conceived in 2016, three years before the general elections in 2019.

Secondly, Permanent Voters Cards (PVCs) are not required to benefit from the scheme. This means it’s immature and poorly thought for anyone to describe it as vote buying. There’s no certainty that the beneficiaries have PVCs or will vote, so how does it translate to vote buying?

“The petty traders are not required to show PVC, or any document for that matter, they are only expected to show they are petty traders and this is why the enumeration is done in the markets and wherever the traders ply their trades,” said Laolu Akande, the spokesperson to Vice President Yemi Osinbajo.

Many of these people forget that Trader Moni is a loan. They often think its free money, but you can’t blame them, they are used to freebies from previous administration.

With this microcredit scheme, petty traders get LOANS that are interest and collateral free but not FREE money.Afterthe loans are repaid, they become eligible to access more loans.

Thirdly, talking of the train stopping by Osun, Trader Moni train has a timeline and that included Osun. The traders had been briefed and they were expectant and that is what government is all about, serving the people.

There are some that are of a different school of thought. They claim N10,000 is too small to start a business but they are totally naïve. For those who watch CNN, perhaps you might have had the chance to see Richard Quest’s advert, it simply says, “It Begins with ‘Just a Penny’ in CNN’s ‘Quest Means Business”.

We’ve heard stories of big businessmen and women who started very little and became household names. Take a second and look at hawkers on some of Nigeria’s major roads and you’ll realise that many of them require far less than N10,000, but still they jump onto the streets and start chasing after cars.

If these hawkers get N10,000 collateral and interest free loans, they will be off the street and on to better things. With N10,000 you could get a stall and start selling fruits, vegetables, food items, etc.

Here’s an interesting fact about microcredit scheme like Trader Moni. Globally, the Services sector contributes a whopping 75% of the global GDP and overall employment. In other words, the Services sector contributes more to world leading economies than oil and agriculture combined.

In India, microcredit schemes are the most powerful engine of the country’s growth, accounting for the swelling numbers in the Service sector but in Nigeria, it’s seen as a political tool.

Trader Moni has been launched in Kano, Abia, Akwa Ibom, Katsina, Osun, Abuja, FCT, Kogi and Cross River. Hopefully we will learn not to politicise issues that are of utmost importance to many who need them.

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Vice President Osinbajo Calls For Support For MSMEs

Vice-President, Prof. Yemi Osibanjo, (SAN), has called for the sustenance of the Business Support Services and financing of 15,000 Micro, Small and Medium Enterprises (MSMEs) in the Federal Capital Territory (FCT).

He made this known during the inauguration of the Federal Capital Territory MSME ”One Stop Shop’ in Abuja.

The Abuja Enterprises Agency (AEA) manages the MSMEs in the territory.

Osibanjo said the Abuja Enterprises Agency should be sustained and in line with government’s agenda to boost the sector.

The  Vice-President represented by the Minister of state Industry, Trade and Investment, Hajia Aisha Abubakar said that the initiative was designed to further facilitate the synergy between the MSMEs and Business Support and Regulatory bodies thereby eliminating bureaucratic bottlenecks facing the MEMEs in the country.

The sum of  20,000 naira grant each was disbursed to 223 Market Women to support their Businesses.

The Managing Director, Abuja Enterprises Agency [AEA], Muhammad Tukur Arabi said that over 8,500 businesses are being sensitized on regulatory issues, government support programmes and projects.

Earlier, the FCT Minister, Malam Muhammed Musa Bello Represented by the FCT Permanent Secretary, Sir Chinaka Ohaa, said that in the last 3 months, it has approved and inaugurated the MSMEs State Council.

The MSME clinic was inaugurated by the office of the VP last year to promote Small and medium businesses.

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Tradermoni Spreading: Vice President Osinbajo Launches N10,000 Collateral Free Loans To Petty Traders In Abuja

In line with its agenda to spread prosperity and reduce poverty, the Federal Government will continue to initiate and sustain programmes aimed at uplifting Nigerians at the bottom of the pyramid, especially petty traders regardless of socio-political background, according to Vice President Yemi Osinbajo, SAN.

The Vice President stated this earlier today at the formal launch of the FCT TraderMoni programme, a collateral and interest free loan scheme initiated by the Federal Government to assist petty traders across the country. The scheme is part of the Social Investment Programme of the Buhari administration.

So far, the programme has been launched in Lagos, Kano, Katsina, Abia and Osun states and would be extended, in quick succession, to traders in all the States of the federation by the end of 2018.

Speaking to traders at the Utako market shortly after witnessing the disbursement of funds to beneficiaries, the Vice President said every petty trader was eligible to benefit from the scheme and urged petty traders across the country to take advantage of the scheme to improve their businesses.

According to him, “This programme is for the petty traders selling in the markets, it is not for bigger traders. It is for the petty traders to improve their businesses. For now, we are giving you N10, 000, if you pay back in six months or less, you will get another N15, 000. We want to encourage petty traders, so that they can have sufficient amount to improve their businesses.”

He assured beneficiaries that the amount given to them would be increased if they paid back their loans within the stipulated period, adding that President Muhammadu Buhari himself was interested in the welfare of the traders.

According to the Vice President, “The one we did before was for big traders under the GEEP programme, we gave them as much as N100, 000. If you do well with this one we are giving you now, we will increase the amount.

“Everybody can benefit from this scheme, the President himself has said that he wants to make sure that those who are selling small items in the markets benefit from this programme.

“When we give you this money, we want you to pay back and no interest is involved.”

Earlier on arrival at the market, Prof. Osinbajo went round interacting with petty traders before he proceeded to address traders who had thronged access roads around the market to receive him.

The Vice President was accompanied to the programme by two Ministers of State: Industry Trade and Investment, Hajiya Aisha Abubakar and Zainab Ahmed among other top government officials.

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Technology Is The Future Of Business In Nigeria – Osinbajo

Vice President Yemi Osinbajo, SAN, has said that technology hubs and start-up businesses because are the future of Nigeria.

Professor Osinbajo stated this when he visited the Ventures Park, Abuja, with the UK Minister for Africa, Harriet Baldwin.

“Technology, especially the startups that we are seeing, is the future of business in Nigeria and will lead us to the Nigerian business revolution,” the vice president said.

He said technology is the way to go and noted that most of the start-ups at the Ventures Park began during the period Nigeria was in recession and proved by the number of jobs they created that the “it is the future starting today.”

He said one of the ways the President Muhammadu Buhari administration has encouraged technology companies was by setting up the Creativity and Technology Advisory Group as part of the Industrial Council.

He said: “Many of these young start ups are members of that creativity and advisory group, where they help to formulate policies with federal government policy makers.  They help us to formulate policies, especially in these new areas like in Fintech, where we need to formulate new policies.”

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FG Set To Commit N500bn Into Wealth Creation And Poverty Alleviation – Osinbajo

Vice-President Professor Yemi Osinbajo (SAN), has said that the Federal Government is putting the sum of N500 billion into wealth creation and poverty alleviation,

Professor Osinbajo stated this at the question and answer session of the 58th Annual General Conference of the Nigerian Bar Association (NBA).

He said it was in  recognition of the menace of poverty that the Federal Government rolled out the National Social Investment Programmes (NSIP) aimed at improving capacity and alleviating poverty.

He explained that the Federal Government targeted 5 million poor people but was hindered by scarce resources.

The vice-president said that 500,000 graduates had been employed under the N-Power which was a part of NSIP for providing jobs to graduates.

He also listed TraderMoni scheme which was a micro-credit scheme aimed at the empowering 2 million petty traders.

According to Professor Osinbajo, one way of checking poverty is to incrementally improve capacity and put money in the hands of the poorest which is what NSIP is doing.

Professor Osinbajo said that there was need for a strong institutions in order to make justice system effective.

He said that the stakeholder should not allow a situation where the administration of justice system became ineffective because if it did, building a moral society would be undermined almost entirely.

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Acting President Osinbajo In A Familiar Terrain, By Chukwudi Enekwechi

Professor Yemi Osinbajo has recently been announced as the acting president of Nigeria as President Muhammadu Buhari proceeded on a ten day’ vacation to the United Kingdom. He had on other occasions discharged the same responsibility in very satisfactory ways, and to the admiration of most Nigerians.

Of course, his principal, President Buhari, continues to repose full confidence in him, mostly based on his competence and sincerity of purpose. Professor Yemi Osinbajo is a man of genteel disposition and his ability to proffer solutions to some very knotty national issues has continued to endear him to Nigerians. He has under the auspices of the Federal Government spearheaded various assignments that have elevated Nigeria at the international fora.

He had in line with the Federal Government Economic Recovery and Growth Plan embarked on an investment drive to the United States of America where he diligently showcased the information and communication technology potentials in Nigeria. He succeeded largely in winning the goodwill of Google, the world’s largest search engine firm towards Nigeria, especially as it relates to the efforts of the Federal Government in the diversification of the economy using technology as an enabler for more foreign exchange earnings.

He also extended the support of the Buhari administration to Google’s Next Billion users plan which is aimed at guaranteeing greater digital access in Nigeria and globally. This approach will afford millions of Nigerians access to the internet and enhance content distribution during his recent visit to Silicon Valley in the United States. In totality his recently-concluded trip to the United States was a win-win for Nigeria. The vice president had also embarked on an investment road show to the United States which took him to San Francisco and Los Angeles.

The major reason for the renewed interest on Nigeria by leading global information technology giants like Google and Facebook cannot be far-fetched considering the emergence of a new generation of internet users and the future potentials. Three key ways Nigerians are keying into the new technology are through the use of smart phones to access the internet, an instinct for universal computing and a demand for localised content. As he ascends the mantle of leadership at the highest level, Professor Yemi Osinbajo will surely not disappoint as he has an uncanny way of mobilising mass support for the administration especially as their many achievements in security, economy and fight against corruption are daily becoming manifest.

For the first time in Nigeria’s history there are noticeable improvements in the infrastructural development of the country. There is also a consciousness among Nigerians today that corruption is a cankerworm that does not do anyone good hence the unalloyed support for its reduction or outright eradication. The Buhari/Osinbajo administration has given a good account of itself in this sector. It is needless to restate that corruption has contributed to underdevelop us as a people, and with the undaunted commitment of the administration there is hope that Nigeria will soon heave a sigh of relief.

As a conscientious leader, acting President Yemi Osinbajo never fails to galvanise the collective goodwill of Nigerians and rally them at critical moments for the overall development of the country. In doing this his sincere disposition while tackling some intractable national problems is not lost on Nigerians and this was demonstrated in his past engagements with the Niger Delta stakeholders. On the whole Nigerians are expectant that the next ten days of acting President Yemi Osinbajo will not be a dull moment, and will be used to consolidate on numerous achievements of President Muhammadu Buhari and his humble self.

As a testimony to his proactive leadership qualities, acting President Yemi Osinbajo had, in the aftermath of the security siege at the National Assembly, queried the former director general of Department of State Security, Mr. Lawal Daura, on the rationale and authority for the unlawful action.

Based on the unsatisfactory response and public outcry, Osinbajo sacked  Daura as the boss of the DSS and the action  immediately restored calm and peace to a country gripped by anxiety. Many Nigerians including the opposition also lauded Osinbajo for punishing the erring official and promoting the  rule of law.

Of course this is not the first time will play a pivotal role in seeing that Nigerians ‘yearning for the full observance of the rule of law is given full expression and the result is the unquantifiable applause and support Nigerians have continued to give to the Buhari/Osinbajo administration. Enekwechi (JP) is an Abuja-based journalist and politician

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