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FG Set To Disburse ₦6.3bn Interest-Free Loans To 21,000 Flood Disaster Victims
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By Prosper Olayiwola
21,000 Nigerians affected by flood disasters across the country are to benefit from a Federal Government interest-free loan totalling ₦6.3 billion.
The Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sanunu, disclosed this on Monday at a roundtable event to mark this year’s International Day for Disaster Risk Reduction in Abuja.
The event had in attendance Vice President Kashim Shettima, the Deputy Speaker of the House of Representatives, Benjamin Kalu, Governor Dauda Lawal of Zamfara State, lawmakers and international partners among others.
Sununu said the intervention is to mitigate the impact of flooding in the country and address its consequences on food security.
He also disclosed that the Federal Government has also reached 8.1 million households with over ₦300 billion through the Conditional Cash Transfer scheme.
As a ministry, under the Hope Agenda of Mr. President, the Ministry has, through the National Social Investment Agency, has done very well in improving the resilience of the local community. As of today, in terms of conditional cash transfer, over 8.1 million households in Nigeria have been reached with a total sum of over 300 and something billion naira. This has really improved their capacity, improved their health, and education, and the process will continue.
We are also planning, together with both national and state level, to improve on our flood mitigating effect by dolling out, in the next few weeks to come, to 21,000 Nigerians free interest, and also free collateral loan of over 300,000 Naira each. This is to address the issue of crisis in farming so as to mitigate the interest of flooding in Nigeria,” he said.
The Minister further disclosed efforts to empower displaced persons through a scheme that will provide a ready market for their products.
Already, we have planted a program in collaboration with Federal Minister of Agriculture in addressing the food security of internally displaced persons through the collaboration with internally displaced persons in their camp and host community, the formula of giving the internally displaced person 30% of the produce produced by the internally displaced persons, and the government will off-take 70% and the money will be given to the internally displaced persons that participated in the scheme as a cash component,” he said.
Speaking earlier, the Director General of the National Emergency Management Agency, Zubaida Umar, said Nigeria, like many nations, continues to experience increasing frequency and intensity of disasters driven by climate change, conflicts, pandemics, and technological risks.
According to her, these events are testing the limits of traditional emergency response systems and demanding a more proactive, preventive, and well-financed disaster risk management framework.
Zubaida underscored the need to collectively rethink how to fund resilience; to move from reactive, ad-hoc funding of disasters to a multi-stakeholder financing architecture that supports prevention, preparedness, and sustainable recovery.
Your Excellency, this Roundtable also provides the platform for the official launch of two (2) landmark policy instruments that will guide our collective efforts in the years ahead: The NEMA Strategy Plan (2025–2029); The National Disaster Risk Reduction Strategy (2025–2030). These frameworks are anchored on risk-informed development, innovation in financing, and stronger institutional collaboration, ensuring that disaster risk management becomes an integral part of planning across all sectors.
“As we discuss today, our focus will extend beyond emergency management institutions. Resilience must be mainstreamed across sectors from agriculture, water resources, energy, and infrastructure to finance, education, and health.
“In this regard, NEMA is already working with key stakeholders to develop a National Risk Monitoring and Information Platform that will serve as a cross-sectoral system for early warning, vulnerability mapping, and risk-informed investment decisions.
Equally important is the dialogue around innovative financing, exploring instruments such as catastrophe bonds, insurance pools, climate funds, and blended finance models that can sustain risk reduction efforts at scale,” she explained.
News
OPay Rubbishes Viral Shutdown Rumour, Warns Against Fake Publication
By Our Correspondent.
Leading fintech company, OPay Digital Services, has dismissed as false and malicious a viral social media publication claiming that the company would embark on a prolonged break from September 1, 2026, urging its customers to withdraw or move their funds.
The fabricated publication, which gained traction across social media platforms on Sunday, purportedly warned OPay customers that the fintech would shut down its operations for an extended period beginning September 1.
However, OPay, in an official response published across its verified social media platforms, described the claim as false, assuring customers that the company remains fully operational.
In a statement titled, “This is FALSE!”, the fintech said: “OPay is not going on break by September. We’re here, and we’re going nowhere! 💚”
The company further urged its customers and members of the public to scrutinise the viral publication for inconsistencies and rely only on its verified communication channels for authentic information.
“True OPay users know how to identify our official communications. Take a closer look at the viral post and you’ll spot the red flags.
“Always verify before you share. Filter the noise! Follow our official pages for authentic OPay updates,” the company stated, ending the message with the hashtag, #OPayIsOkay.
Also reacting to the development, the Vice President, Public and Government Affairs, OPay Digital Services, Dr. Maxwell Loko, described the viral publication as “false, malicious and misleading.”
Loko said OPay was not shutting down and cautioned customers against taking any action based on the fabricated information.
“This post is false, malicious and misleading. OPay is not shutting down, and customers should not be misled into withdrawing their funds based on fabricated information,” he said.
He urged members of the public to disregard the publication and depend exclusively on OPay’s verified platforms for official announcements.
“We urge the public to disregard this post and rely only on OPay’s verified communication channels for official information,” Loko added.
The OPay executive further warned that deliberate attempts to spread false information capable of creating panic or undermining confidence in a financial institution could attract legal consequences.
“The deliberate spread of false information designed to cause panic or undermine confidence in a financial institution is a serious matter and may have legal consequences,” he said.
The development has also raised concerns over the growing use of fabricated digital content to damage the reputation of financial technology companies and potentially trigger unnecessary panic among customers.
While speculation has circulated in some quarters that the publication could be linked to competitive interests seeking to undermine OPay’s growing market position, no evidence has been publicly established to substantiate such claims.
OPay therefore advised its customers to exercise caution and verify financial or operational announcements through its authenticated communication channels before acting on them.
The company’s clarification effectively puts to rest the viral claim that it would cease or suspend operations from September 1, 2026, with OPay reaffirming that its services remain available to customers.
News
70-year-old granpa nabbed for sexual assault of 8-year-old girl in Bauchi
The Bauchi State Police Command has arrested a 70-year-old man, Usman Abubakar, over the alleged defilement of an eight-year-old girl in the Tsakanin Bayara area of Bauchi metropolis.
According to a statement issued by the Command’s Police Public Relations Officer, Superintendent of Police (SP) Nafiu Habib, the suspect was arrested following a complaint lodged at the ‘E’ Division, Yelwa, by the victim’s 48-year-old father on Wednesday, August 26, 2026.
According to the police, the father alleged that the suspect, who resides in the same area, lured his daughter to an uncompleted building on Sunday, August 24, where he allegedly sexually assaulted her.
The Command said its operatives immediately commenced action after receiving the report and arrested the suspect.
The police further stated that the suspect allegedly confessed to the offence during interrogation.
Following the incident, the victim was taken to the Police Clinic for medical examination and necessary care.
The Commissioner of Police, CP Sani-Omolori Aliyu, condemned the alleged offence and assured members of the public that the matter would be thoroughly investigated.
The case has been transferred to the State Criminal Investigation Department (SCID), Bauchi, for discreet investigation and prosecution, according to the Command.
The police reiterated their zero tolerance for sexual violence and child abuse, while urging parents, guardians and members of the public to remain vigilant and report suspicious activities to the nearest police station.
News
Peter Obi sympathizes with victims of Abuja market fire
Nigeria Democratic Congress, NDC presidential candidate, Peter Obi, has expressed sympathy with traders and business owners affected by the fire that gutted Eda Plaza in Jabi, Abuja, on Sunday.
Obi, in a statement posted on his X handle on Sunday, said the incident highlighted the need to strengthen Nigeria’s emergency-response systems, particularly the capacity of fire services.
A fire outbreak destroyed shops and goods reportedly worth millions of naira at the plaza, a building materials market opposite Chida Hotel in Jabi.
An eyewitness told the Nigerian Television Authority that the alarm was raised around 3am after a trader received a distress call about the fire.
The eyewitness said the fire destroyed one of his brother-in-law’s two shops and a packing store, with roofing materials worth more than N20m reportedly lost in the blaze.
There were no reported casualties.
Reacting to the incident, Obi said his “heart goes out to the traders, artisans, workers, families and business owners whose goods, investments and livelihoods may have been affected by this unfortunate incident.”
He noted that the losses suffered by the traders represented more than merchandise, noting that they included years of savings, borrowing and sacrifice.
“As a country, we cannot continue to lose businesses and livelihoods repeatedly to preventable disasters. Each time this happens, we gradually lose our productive capacity,” he said.
The former Anambra State governor said small businesses were “the backbone of our economy” and that losses suffered by traders could affect their families, workers and communities.
Obi urged authorities to strengthen emergency-response systems, particularly by ensuring that fire services were properly equipped and adequately staffed.
“As we grieve what has happened at Jabi Market, let us not wait for another market to burn before we act. Let this tragedy become a reason to strengthen our emergency-response systems, especially by ensuring that our fire service is properly equipped, adequately staffed and capable of responding swiftly to emergencies.”
“We must protect our small businesses and ensure that Abuja, and indeed Nigeria, becomes a safer place to live, work and invest,” he added.
Obi also prayed for those affected by the incident and emergency responders.
“May God comfort every person affected by this disaster, restore the livelihoods that have been lost, and grant our emergency responders the strength and wisdom required at this difficult moment,” he said.
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