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Criteria to Access Federal Government N250bn Gas Intervention Fund

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The Federal Government, through the Central Bank of Nigeria (CBN) has launched the Gas intervention fund last year. According to the Federal Government, investors must meet seven (7) criteria to access the N250 billion intervention fund for gas value chain businesses. Here we will show you the seven criteria to access federal government N250bn gas intervention fund.

The Minister of State for Petroleum Resources, Timipre Sylva, through his Technical Adviser, Ms Brenda Attaga listed the criteria in Abuja on Sunday when she addressed newsmen.

Criteria to access Federal Government N250bn gas intervention fund

Your business plan must meet the following government’s national objective of creating skilled and unskilled employment:

  1. Technical feasibility,
  2. Overall business plan on skills and experience output of the plan,

  3. Social economic impact of the business plan,

  4. What percentage of internally generated revenue (IGR) it would contribute to the state in which the applicant plans to operate,

  5. Financial feasibility of the business plan,

  6. Economic and finance models,

  7. Environmental feasibility of the plan.

Attaga disclosed that 27 applications had been received so far, and they have obligor limit of N10 billion each.

She added that on the Small and Medium Enterprises (SMEs) portion, fifty (50) applications had been received, noting that SME scheme had a limit of N50 million.

She said:

“In this regard, our evaluation covers seven fundamental areas which must be evidenced by applicants.

“This is because people have sent us all kinds of applications that are not in line with the recommended framework of our evaluation.

“The essence is really for us as a ministry to support the propagation of gas and also creation of jobs through access to financing,’’ she said

She added that SME will also follow similar structure but that start ups would enjoy some leniency in the financial model.

According to her, SMEs will prove that they are registered with Cooperate Affairs Commission (CAC), pay taxes, affiliate to first class companies which are already established businesses with good track records within the gas value chain.

Ms Attaga also said there was no timeline for applications, but that the fund had a fixed amount.

Source: Naijaonpoint Media



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Audition For Big Brother Naija BBnaija Season 7 2022 Now Open

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BBnaija season 7 audition 2022

Audition For Big Brother Naija BBnaija Season 7 2022 Now Open

Audition For Big Brother Naija BBnaija Season 7 2022 Now Open – Registration for the biggest reality tv show in Nigeria BBnaija season seven (7) audition are officially open. This was made known to the public on the Big brother Naija Social Media channels and DSTV Nigeria Twitter page.

How To Register For Big Brother Nigeria (BBNaija) Season 7 Audition 2022

1) According to the Update, for an interested Applicant to register for the audition, visit https://africamagic.tv/bbaudition

2) Remember, your audition will include a 2-minute video telling Big Brother why you deserve to be a housemate.

3) You must be 21 years or older with a valid identity document.

This year Big Brother Naija, (BBNaija) season six comes with N90M worth of prizes to be won.

You may also want to check 10 Must Have Habits To Succeed In Business.

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What To Know About The New Npower Biometrics News For Stream 2

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What To Know About The New Npower Biometrics News For Stream 2

In today’s latest Npower news, will be discussing What To Know About The New Npower Biometrics News For Stream 2 so if you are a Npower applicant waiting for stream 2 shortlisting gather here!

Recall that a few months ago, there was an update regarding stream 2 shortlisting for biometric verification which most of you did capture your fingerprint at that time.

However, Npower was swift to action and put the exercise on hold saying that the change of biometrics verification was for stream 1 supplementary list but most of the stream 2 awaiting applicants had already done their biometrics fingerprint capturing because they equally saw a change on their verification status. Read details here Latest Npower News On New Batch C Supplementary Shortlisting

Nonetheless, Npower shared a new update yesterday the 14th of May 2022 stating that they have begun the Shortlisting process stream 2 and instructed the Npower applicants to begin Biometrics capturing which was put on hold a few months ago. You can read the new instructions here Nasims Instruct Npower Batch C Stream 2 To begin Biometric Capturing

Because most of you had earlier done the biometrics capturing, if you visit the verification status on your Nasims dashboard, you will notice that your fingerprint had already been captured. If this is your case, there is no need to panic or get yourself worked out, it means you have done your biometrics, and no need for recapture.

That notwithstanding, if you applied for Npower and were not Shortlisted for stream 1, or you were not earlier successful for stream 2 biometrics verification, kindly login to the Nasims dashboard https://nasims.gov.ng to check for your verification application status. You might be lucky this time and if you have earlier done your biometrics fingerprint capturing for stream 2, no need to recapture.

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