Close Menu
Chronicle NG
    Trending Stories
    Aliko Dangote speaking about plans to generate 20,000 megawatts of electricity in Nigeria amid ongoing power shortages.

    Dangote plans London Stock Exchange listing for cement business

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Federico Valverde apologises over clash with Tchouaméni

    May 8, 2026
    Yahaya Bello in court during hearing on alleged money laundering charges linked to prepaid school fees dispute.

    Yahaya Bello trial: Witness tells court how N950m Maitama property was bought in dollars

    May 8, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Dangote plans London Stock Exchange listing for cement business
    • Federico Valverde apologises over clash with Tchouaméni
    • Yahaya Bello trial: Witness tells court how N950m Maitama property was bought in dollars
    • Real Madrid fine Valverde, Tchouameni €500,000 over clash
    • FCMB unveils zero-interest loans for women entrepreneurs
    • Bruno Fernandes wins FWA footballer of the year
    • Bianca Ojukwu assumes office as foreign affairs minister
    • US to revoke passports of parents owing over $2,500 in child support
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, May 9
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    FG kick-starts ex-militants scheme with N1.5bn

    Opalim LiftedBy Opalim LiftedMay 25, 2023No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Ex-militants of Niger Delta in a protest
    Ex-militants of Niger Delta in a protest
    Facebook Twitter WhatsApp

    The Nigerian government has issued N1.5 billion to kick-start a cooperation scheme introduced for repentant Niger-Delta militants.

    According to Barry Ndiomu, the President of the Presidential Amnesty Programme, the funds are for the scheme named ‘PAP Cooperative Society Limited (PAPCOSOL), which was launched on Wednesday, May 24, 2023, to enable ex-militants to start up enterprises that will enable them to become self-sufficient.

    He explained that the scheme was birthed in order to minimise their dependence on the N65,000 monthly stipend from the Federal Government.

    • Niger Delta: Ex-militants storm NASS, protest unpaid allowances

    Ndiomu stated that the funds, which are in the coffers of Providus Bank, would serve as a kick-start for the project and that his office planned to support it with N500 million monthly.

    Justice Francis Tabai, a retired Justice of the Supreme Court and member of the National Judicial Council, was appointed chairman to oversee the affairs of the scheme.

    “The whole essence of this scheme is to discourage reliance on the monthly stipends, which you will all agree with me has brought a culture of indolence and is not in our best interest. So, we have decided that rather than giving them fish, we should teach them how to fish,” Tabai said.

    In appreciation, Henry Ekes, the leader of the ex-militants, praised the Federal Government for introducing the scheme.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    EFCC declares Timipre Sylva wanted

    Timipre Sylva: Court orders takeover of ex-gov’s properties

    Atiku warns of protest, says Nigerians are hungry

    Atiku warns against suspending campaigns in north over insecurity

    Tinubu vows end to Plateau killings, orders 5,000-camera surveillance in Jos

    ADC criticizes Tinubu over Nigeria’s global terrorism index

    2027: Faleke picks presidential forms for Tinubu

    Tinubu approves incentive to revive $20bn Bonga deepwater project

    Police clear ex NDDC boss, others of N118m fraud allegations

    NDDC charges host communities to safeguard projects against vandalism

    ICPC raids El-Rufai’s residence amid probe

    ICPC raids El-Rufai’s residence amid probe

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Aliko Dangote speaking about plans to generate 20,000 megawatts of electricity in Nigeria amid ongoing power shortages.

    Dangote plans London Stock Exchange listing for cement business

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Federico Valverde apologises over clash with Tchouaméni

    May 8, 2026
    Yahaya Bello in court during hearing on alleged money laundering charges linked to prepaid school fees dispute.

    Yahaya Bello trial: Witness tells court how N950m Maitama property was bought in dollars

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Real Madrid fine Valverde, Tchouameni €500,000 over clash

    May 8, 2026
    FCMB launches SheVentures zero-interest loan scheme for women entrepreneurs in Nigeria.

    FCMB unveils zero-interest loans for women entrepreneurs

    May 8, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.