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FG Releases N25billion For The Social Investment Project

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The Federal Government has released N25billion for the Social Investment Programme (SIP).This was disclosed by the Minister of State for Budget and National Planning, Zainab Ahmed yesterday, while briefing State House correspondents over decisions taken by the Federal Executive Council (FEC) at the Presidential Villa, Abuja.

The minister, who fielded questions with the Minister of Power, Works and Housing Babatunde Fashola and that of Information and Culture, Lai Mohammed, told newsmen that another N40billion was on the verge of being approved by the steering committee.

According to the minister, the SIP is divided into four parts for the purpose of creating jobs for the unemployed and will run till 2017.“On the Social Investment Programme, what we are doing today is to tell Nigerians that the programme is starting. We have N150 billion approval from the steering committee. So far, N25 billion has been released into the account and there is another N40 billion that is in the process of being released into the account.

“As at today, 11 states are fully ready to start and the first phase will feed 3.5 million school children.“The second is the job creation programme, which is aimed at preparing 500,000 university graduates. They will be equipped with devices containing information to train them as teachers, agricultural workers and also as health support workers.

“They will be deployed to work in their local community. They will be receiving a monthly stipend of N30, 000 monthly for a period of two years,” the minister added.Ahmed said: “The third is the Conditional Cash Transfer, CCT, where one million care givers will be given N5, 000 monthly for a period of two years.

“The focus has been given to the extremely poor and vulnerable in our society and special emphasis is being placed on the northern eastern part of the country where a lot of internally displaced persons are,” she said.

“The fourth part is the enterprise promotion where loans of up to N100, 000 would be given to 1.6million Nigerians, including market women, artisans, small business holders and traders through the Bank of Industry with a repayment period of three to six months and administration cost of five per cent.”

The minister also said that the school-feeding programme has started in some states like Kaduna and Osun.Other decisions by the council were the approval of the 215 megawatt Kaduna Power Plant and the construction of a sub-station to evacuate 40 megawatt of power from the Gurara Hydroelectric Power Plant Phase One to connect Kaduna and enable it to interconnect to Mamdo Transmission substation

Fashola said that two approvals would assist in the completion of on-going projects that would add up to job creation. According to Fashola, the Kaduna plant is to contribute 40 megawatt extra into the national grid while the Gurara Phase 1 will help in expanding transmission across the country.

Source: guardian.ng

MOVIES

Biodun Stephen’s “Muri and Ko” Leads Nollywood Films At The Box Office

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"Muri and Ko" Leads Nollywood Films At The Box Office | Fab.ng

The Nigerian box office witnessed a power shift this week, with Nollywood’s “Muri and Ko” making a surprising climb to the top. Let’s take a closer look at how these films are performing.

Debuting at number six, “Muri and Ko” defied expectations by surging to the coveted second-place position.

This heartwarming story follows the unexpected turn of events for a thief named Muri. After stealing a car, Muri discovers a child inside. Forced to go on the run from the police with a bounty on his head, an unlikely bond begins to form between Muri and the child.

This unique premise and strong performances seem to resonate with Nigerian audiences, propelling the film to financial success.

Hollywood’s action-comedy juggernaut, “Bad Boys: Ride or Die,” continues its reign at the top of the box office chart for the third week. This highly anticipated sequel to the popular “Bad Boys” franchise continues to rake in the big bucks. It grossed an impressive ₦100.8 million this week. With a total haul of ₦216.5 million so far, “Bad Boys: Ride or Die” shows no signs of slowing down anytime soon.

After holding the top spot for three consecutive weeks, “Funmilayo Ransome-Kuti,” a biographical drama chronicling the life of the famed Nigerian activist, has been dethroned by “Muri and Ko.”

This week, “Funmilayo Ransome-Kuti” only managed to secure ₦15 million. The movie dropped down to fourth place with a total gross of ₦156.5 million. While it seems to have lost its initial momentum, “Funmilayo Ransome-Kuti” still holds a respectable position at the box office.

The action thriller film, “Criminal,” took a hit this week. It experienced a significant drop in its position on the charts. Falling from fourth place to sixth place, “Criminal” brought in only ₦8.2 million this week. This brings its total gross to ₦45.7 million. The reason behind the film’s decline in popularity could be due to a combination of factors. These factors can be competition from new releases or negative word-of-mouth.

The Nigerian box office is a dynamic landscape, and these rankings can fluctuate from week to week. However, the success of “Muri and Ko” demonstrates the potential for Nollywood films to capture the hearts and wallets of Nigerian audiences. This can happen with captivating stories and strong performances.

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MUSIC

Victony Drops Debut Album “Stubborn”

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Stubborn: Victony Drops Debut Album | Fab.ng

Nigerian artist Victony, known for his global hit “Soweto,” has finally dropped his debut album, “Stubborn.” This highly anticipated release marks a turning point in Victony’s musical journey.

Victony collaborates with a star-studded lineup. This includes Afrobeats giant Asake, Shallipopi, American rapper Teezo Touchdown, and Guyanese-American star Saint Jhn. This impressive roster blends musical styles. Also, it showcases the rich tapestry of African music for the world.

Released on June 21st, 2024, “Stubborn” is more than just music.

The album is a testament to Victony’s resilience. Three years ago, he was in a near-fatal accident that tragically took his best friend’s life. Victony required extensive surgery and rehab to walk again. The title “Stubborn” reflects his unwavering determination to return to music stronger than ever.

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MOVIES

Kanayo O. Kanayo Vows To Disrupt Any Film Set That Engages The Service Of Actress Angel Unigwe

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Kanayo to disrupt any film set that engages Angel Unigwe | Fab.ng

Veteran Nollywood actor Kanayo O. Kanayo is raising a red flag about working with young actress Angel Unigwe. In a recent Instagram video, Kanayo expressed his frustration with Unigwe’s mother, who he believes is managing her daughter’s career unprofessionally.

Kanayo admitted hearing rumours about unprofessional behaviour but didn’t take them seriously until he had a personal experience. He had apparently cast Unigwe in a film and reached an agreement with her mother, the details of which weren’t mentioned. However, the agreement wasn’t honoured, prompting Kanayo’s public warning.

Furthermore, Kanayo urged other movie producers to avoid working with Angel Unigwe.

He went as far as saying he would disrupt filming sets if he saw her working on a production. This is a serious move in the Nollywood industry. Also, it highlights the level of Kanayo’s frustration and his desire to protect other producers from similar experiences.

He stated,

“I am making this video to protect the entertainment industry in Nigeria. A particular woman has been holding producers to ransoms and it is unfortunate it has happened to me. Unfortunately, she is Angel Unigwe’s mother. A contract is breached by every producer, orally or written and it’s all respected but I found out that immediately this woman takes money from you, everything changes. She took her daughter at 9 pm when the particular date that we agreed hadn’t expired. She came at 9 pm and took her daughter.

“I have gotten reports from people before it happened to me. This is a Clarion call to producers, I beg you in the name of professionalism, from this moment to the first day of July 2024 any set that employs the services of Angel Unigwe, I will come to that set and make sure filming doesn’t hold. Her mother has been threatening many producers.”

 

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