Letest Naija News

A Chinese court made a rare move to calm public outrage this week over a controversial murder case   involving a young woman killed by her husband and in-laws. The 22-year-old Chinese woman had only been married for six months when her husband and in-laws beat her to death, because she had been unable to conceive a child, according to state-run news agency  Xinhua. The woman, identified by court documents only by her surname Fang, was from China's eastern Shandong province. She died   on January 31, 2019, according to the Xinhua report.  Yucheng People's Court in Shandong heard the woman's husband and in-laws abused her, denied her food, and left her outside in freezing temperatures in winter as a form of punishment.  In January, they were found guilty of abuse, a charge applied when the alleged perpetrators are family members. It carries a maximum sentence of seven years in prison.

  Oyo State Government has directed that a N500 million MSME fund be set up to fund youth entrepreneurs in the State with bright business ideas This was  disclosed  by Governor Seyi Makinde while speaking at the Post-Protest Meeting with Traditional Rulers and other Stakeholders, held at Agodi, Ibadan. According to the Governor, the fund will provide further employment and improve the economic landscape in Oyo State. READ:  #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years The Governor also approved N500 million as compensation to victims of police brutality and injustice. This fund is to encourage anyone who has suffered any form of injustice in the past or as a result of the #EndSARS protests. He said, “ I have directed that a N500 Million  MSME fund be set up. This fund will be disbursed to youths who have bright entrepreneurial ideas that will provide further employment and improve the economic landscape in Oyo State .” R...

The Federal Government has created a N25 billion Youth Fund to address the #EndSARS protests and other related youth restiveness in Nigeria. This was disclosed by the Minister of Finance, Zainab Ahmed, on Saturday, at a stakeholder meeting with the Deputy Governor of Kaduna State, Dr. Hadiza Balarabe, in Kaduna, according to Punch. The meeting is in compliance with President Muhammadu Buhari’s directive to ministers and governors to dialogue with stakeholders following the #EndSARS protests. The minister explained that the fund would be increased to N75 billion within a period of three years. According to her, the aim was to support youths to actualise their innovative and entrepreneurial ideas in growing their businesses and becoming self-reliant.

The MSME Survival Fund is one of the Federal Government’s economic support measures designed to assist micro and small businesses affected by the COVID-19 pandemic. The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide payroll support to a maximum of 10 employees per qualifying MSME. The sheme is being implemented through the Bank of Industry and other relevant agencies. Mr Auwalu Danhajiya, Chairman, Kano State chapter of the National Association of Tailors, said that most of the tailors who registered under the scheme had received N30,000 grant from the federal government. Danhajiya commended the gesture, saying it would assist members of the association to improve their capital base. “The COVID-19 pandemic negatively affected the trade forcing many tailors out of business in the state. “In the past few days most of our members got credit alerts through their individual accounts under the Federal Government’s MSME Survival Fund. “We ...