- Victims of Oba Market and Ekiosa Market fire incidents in Edo state have been compensated
- Governor Godwin Obaseki has approved the immediate disbursement of a grant to the victims
- The monies have been deposited in a microfinance bank and the traders have been asked to get their due
The Edo state governor, Mr Godwin Obaseki, has approved the immediate disbursement of a grant to victims of Oba Market and Ekiosa Market fire incidents.
In a statement on Thursday, September 10, secretary to the state government, Osarodion Ogie Esq., said the grant was approved by the governor to alleviate the plight of victims of the fire in the affected markets.
Ogie urged traders who were screened and whose names are on the approved list, to approach any branch of Trustfund Microfinance Bank, to receive the grant from the state government.
Part of the statement read: “Please note that this grant from Mr Governor is a livelihood support grant to help ease the pain of the affected traders. It is free and the traders are not to pay back.
“Only traders who were screened and whose names are on the approved list should approach any branch of Trustfund Microfinance Bank, to receive their livelihood restoration grant from Mr Governor.”
Earlier in the day, Governor Obaseki urged the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to review the present revenue allocation formula that would reflect the present and changing economic realities amid fiscal challenges faced by states in the wake of the COVID-19 pandemic.
Obaseki gave the charge when he received the federal commissioner of RMAFC, Alhaji Mohammed Kabir Usman and other members of the team on a courtesy visit at the Government House, Benin City.
Obaseki said: “We cannot continue this way especially due to some responsibilities borne by the state government. When local governments are in trouble, the states have to intervene. In Edo state, there are two local governments that we have to continue to give bailout.
“We believe in running an open government and urge you as a body to review the indicators, focusing on achieving objective data that will help the body make positive decisions as it affects revenue allocation for local governments and states.”
Obaseki further added: “With the readjustment of the economy as a result of COVID-19, we are facing major difficulties as internal revenue has come down, particularly the local government. We had started to reform their revenue base and were doing well until COVID-19 surfaced in March this year. This is important for us.”
Meanwhile, Speaker of the Edo state House of Assembly (EDHA), Rt. Hon. Francis Okiye, has said the Edo Modular Refinery being developed by Edo Refinery and Petrochemical Limited with support from the state government would reset the economic base of the state.
Okiye made the comment when he led the legislative house on an inspection tour of the refinery as part of their oversight function.
According to him, the facility demonstrates the Edo government’s readiness to deploy innovative means to attract big-ticket investments into the state.
Legit.ng had earlier reported that the refinery is set to meet 18% of Nigeria’s diesel demand after its expansion.
Similarly, the facility is projected to earn about $125 million in foreign exchange from the exportation of naptha, which is one of the major products from the refinery.
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