Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Temitope Mayegun Urges Celebration of Women’s Power and Achievements

    March 15, 2026

    Lagos Boosts Regulation of Cosmetic Products, Procedures Following National Policy on Cosmetics Safety and Health. 

    March 15, 2026

    Togo Shows Interest in More Electricity From Nigeria

    March 15, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Republic of Congo Voters Head to Polls in Election Expected to Extend President Sassou Nguesso’s 42-Year Rule

      March 15, 2026

      ADC Fixes April 14 National Convention to Kick-Start Leadership Restructuring

      March 15, 2026

      Wike, Fayose Allies Win Key PDP State Congresses Amid Leadership Crisis

      March 15, 2026

      Nine Senators Defect to ADC, Stir Fresh Power Realignment Debate Ahead of 2027 Elections

      March 13, 2026

      Aiyedatiwa’s Contest for Another Term Contrary to Constitution

      March 12, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment March 14, 2026

      Don Jazzy Makes Billboard’s 2026 International Power Players List

      Recent

      Don Jazzy Makes Billboard’s 2026 International Power Players List

      March 14, 2026

      Flutterwave Supports Tiwa Savage Music Foundation To Champion African Creative Talent

      March 12, 2026

      Oscar Nominees in Major Categories for 98th Academy Awards

      March 12, 2026
    • Business

      Shoprite Denies Exit Rumours, Confirms New Lagos Stores at Palms and Circle Mall

      March 14, 2026

      Wema Bank Launches Hackaholics Accelerator 2026 Cohort With Ten Startups

      March 13, 2026

      Nigerian Breweries Plc Seeks Government Support to Scale Local Barley Production

      March 9, 2026

      NSDC, BOI Introduce N10bn Fund For Sugar Projects

      March 9, 2026

      UBA Business Series to Spotlight New Generation of Female Leaders

      March 9, 2026
    • Health

      Lagos Boosts Regulation of Cosmetic Products, Procedures Following National Policy on Cosmetics Safety and Health. 

      March 15, 2026

      McEnies Global Communications Advances Climate-Health Integration in Nigeria through Weather and Climate Information Services for Resilience (WISER) Health Project

      March 13, 2026

      Gavi, UNICEF donate over 371 solar-powered PHCs to FG

      March 13, 2026

      NAFDAC Warns Public Over Counterfeit HIV Diagnostic Test Kits in Circulation

      March 5, 2026

      FG Approves Medical Fellowships as Equivalent of PhD for Academic Promotion

      March 5, 2026
    • Culture

      National Museum Intensifies Public Education on Nigeria’s Heritage with Focus on Dufuna Canoe, Lugard Footbridge

      March 15, 2026

      French Envoy Praises Nigeria’s Cultural Heritage, Hospitality

      March 9, 2026

      Lagos Fanti Carnival holds in April

      February 18, 2026

      Tinubu Hails Northwest Stability at Argungu as Dozens Feared Dead in Niger State Bandit Attacks

      February 15, 2026

      Obasanjo Calls for Urgent Preservation of Egba Heritage Ahead of 2026 Lisabi Festival

      February 11, 2026
    • Lifestyle

      Temitope Mayegun Urges Celebration of Women’s Power and Achievements

      March 15, 2026

      On Glo-Sponsored African Voices,  South African Actress, Nomzamo Mbatha, Relates Success Story

      March 7, 2026

      Obasanjo Clocks 89: Abiodun Describes, Living Lesson In Leadership And Public Service

      March 6, 2026

      Nigeria’s Youth Embrace ‘Slowmaxxing’ to Combat Digital Burnout

      February 18, 2026

      MasterChef Nigeria Debuts with Record ₦73 Million Grand Prize

      February 16, 2026
    • Sports

      Arteta Hails 16-Year-Old Dowman After Historic Goal in Arsenal Win Over Everton

      March 15, 2026

      D’Tigress, in Historic FIBA Qualifier Challenge, Conquer Philippines 101–84 

      March 14, 2026

      Former Super Eagles Midfielder Henry Nwosu Dies at 62

      March 14, 2026

      D’Tigress Defeated Colombia in World Cup qualifier

      March 12, 2026

      Congo FA President, Wife and Son Sentenced to Life Over $1.3m FIFA Funds

      March 12, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » AMNESTY: FROM STIPEND TO ENTREPRENEURSHIP
    Business

    AMNESTY: FROM STIPEND TO ENTREPRENEURSHIP

    Ifetayo AdeniyiBy Ifetayo AdeniyiMay 30, 20236 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    AMNESTY: FROM STIPEND TO ENTREPRENEURSHIP


    Ken Ugbechie reckons PAPCOSOL is a reliable and practical strategy to reintegrate ex-agitators into the society
    Beyond the buzz of handover and May 29, there is the overriding need to sustain the Presidential Amnesty Programme (PAP) if only to maintain peace in the Niger Delta region and by implication keep petro-dollar coming into the nation’s treasury.

    This brings to mind two major events, though apart but related, which occurred last week. On Wednesday, May 24, the Presidential Amnesty Programme (Beneficiaries) Cooperative Society Limited (PAPCOSOL) was launched in Abuja.

    Two days earlier, precisely on Monday, May 22, the 650,000 barrels per day, $18.5 billion Dangote Refinery was inaugurated in Lagos. Both events are related and bear a direct impact on the sustainability of Nigeria’s economy in the coming years.

    Here’s how: Nigeria through the Nigeria National Petroleum Company Limited (NNPCL) owns 20 percent of the refinery while Dangote Group owns the rest. Nigeria through the NNPCL would be the major supplier of crude oil to the refinery for production of petrol and other petrochemical products.

    To be able to keep supplying crude oil to the refinery, Nigeria must sustain and even up her crude production capacity which currently stands at 1.353million barrels per day, up from 1.273 million last month but down from 1.529 million this time in 2022.
    The logic continues: To keep the momentum of crude oil production and even surpass it, there must be peace in the oil-bearing Niger Delta region. To keep the peace, the ex-agitators in the creeks must and should be kept busy, made happy and actively be engaged to deflect their minds from stirring the well of upheaval in the region.

    This makes the launch of PAPCOSOL not only grand in essence but also strategic to the growth and sustenance of the nation’s economy. The initiative is the brainchild of Major-General Barry Tariye Ndiomu (rtd.), the Interim Administrator of the Presidential Amnesty Programme (PAP).
    Ndiomu describes PAPCOSOL as a “novel alternative economic development scheme designed to create a more viable means of livelihood for ex-agitators with socio-economic development of their communities and the Niger Delta region in general as an intended consequence.”

    The PAP is setting aside a good N1.5 billion for the initiative with the sum of N500 million earmarked for each year. The goal is to help ex-agitators set up their own businesses and sustainable means of livelihood in lieu of the monthly N65,000 stipend.

    The cooperative scheme is considered the most pragmatic approach to ensuring the sustainable reintegration of ex-agitators. It is owned and managed by PAP, with its headquarters domiciled in the Presidential Amnesty Programme’s office in Abuja. The cooperative already has physical presence in some states in the Niger Delta – Delta, Bayelsa, and Rivers – which serve as branch offices to effectively reach the target beneficiaries.

    The scheme would be supervised by the PAP Office and would be run by an all-inclusive Advisory Board led by Hon. Francis Tabai, a retired Chief Justice of the Supreme Court, and other seasoned professionals and ex-agitators.
    PAPCOSOL is a carefully thought out scheme. It speaks to the result-oriented innovations wrought in the PAP by the leadership of Ndiomu. It is, so far, the most reliable and practical strategy to reintegrate ex-agitators into the society, this time as contributors to national development and creators of wealth.

    In clear terms, the scheme will make millionaires and nation-builders out of the ageing ex-agitators rather than limiting them to monthly stipend collectors. PAPCOSOL provides all the answers to all the questions bogging the minds of the ex-agitators. It is the much-awaited catalyst to kick-start a new and rewarding phase of life for the beneficiaries.

    Ndiomu says that the beneficiaries would be provided with technical support on their business ideas as well as access to grants. The initial core focus of the scheme would be agriculture and manufacturing. These are areas where the beneficiaries have core competences with many already skilled-up through their previous trainings. Other areas will be incorporated in the long term.

    The scheme is already up and flying. Project consultants who will handle the technical deliverables and business development processes have been identified and engaged. Inclusivity in the initiative has been achieved as representatives of different phases of ex-agitators currently form the foundation of the cooperative.

    To guide beneficiaries into their respective areas of strength and comparative advantage, the support team would help them to identify businesses that align with their motivations/skill areas and subsequently help them to set up and turn the process into a profitable venture.

    The initiative will provide technical and business development support to beneficiaries to enable them own and run viable business ventures that will meet their essential needs, create employment and boost economic growth in the Niger Delta region.

    This is to be achieved through the following: Identification of business opportunities in beneficiaries’ respective localities, building beneficiaries’ entrepreneurial capacity to enable them sustain their business operations; provision of market and industry opportunities; attraction of development partners to fund/support business projects; provide beneficiaries access to grants or credits and enable their market offering in the consumer and global markets.

    The vision of PAPCOSOL is to transform ex-agitators and other young persons in the Niger Delta region into active entrepreneurs who will contribute to the economic growth of the region, through the provision of innovative products and services, effective collaboration, and partnerships. This will help to engender peace, security and socio-economic development in the Niger Delta region, by improving on the existing economic and enterprise opportunities available to the people.

    The PAP cooperative initiative is a masterstroke to end any form of agitation in the creeks. This translates to more production of crude oil in the region to meet OPEC quota of 1.8 million barrels per day. At the moment, Nigeria is under-producing due largely to cases of force majeure. Engaging the ex-agitators in the manner proposed by the Ndiomu-led Interim Administration through the cooperative scheme is the most veritable key to improving the daily crude oil production output. It will also guarantee a daily and steady supply of crude to the Dangote Refinery; a mega project that holds the ace to ending dollar scarcity in Nigeria as well as helping to meet the demands of the local market.

    The PAP cooperative scheme is beyond a milestone; it’s a bell ringer for Ndiomu and for the nation to put to permanent rest the unrest in the Niger Delta region. A solution-focused initiative of such significance should be sustained and nurtured beyond the Muhammadu Buhari era until it becomes the culture and template for the administration of the Amnesty Programme. With the naira still taking the hit at the forex market, Nigeria needs to ramp up her crude oil production and petroleum products refining quotient. She can only achieve this if peace is maintained in the creeks. Ndiomu’s PAPCOSOL holds the ace for achieving such peace-enabled landmark of cresting the OPEC-allotted crude oil production quota. This is yet another good corporate governance creed from the fecund mind of Ndiomu and his team. It’s a bright spark in the oil and gas landscape that deserves to be sustained.

    Source: Thisdaylive

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleASIWAJU TINUBU’S DATE WITH DESTINY
    Next Article President Bola Tinubu Inspects Guard of Honour
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Business March 14, 2026

    Shoprite Denies Exit Rumours, Confirms New Lagos Stores at Palms and Circle Mall

    Business March 13, 2026

    Wema Bank Launches Hackaholics Accelerator 2026 Cohort With Ten Startups

    Business March 9, 2026

    Nigerian Breweries Plc Seeks Government Support to Scale Local Barley Production

    Business March 9, 2026

    NSDC, BOI Introduce N10bn Fund For Sugar Projects

    Business March 9, 2026

    UBA Business Series to Spotlight New Generation of Female Leaders

    Business March 7, 2026

    Shoprite Finalises Exit from Nigerian Retail Market in Deal Valued at ₦2.5 Trillion

    Leave A Reply Cancel Reply

    Don't Miss
    Lifestyle March 15, 2026

    Temitope Mayegun Urges Celebration of Women’s Power and Achievements

    Manny Ita  – The Chief Executive Officer of Avila Naturalle, Temitope Mayegun, has joined global…

    Lagos Boosts Regulation of Cosmetic Products, Procedures Following National Policy on Cosmetics Safety and Health. 

    March 15, 2026

    Togo Shows Interest in More Electricity From Nigeria

    March 15, 2026

    AFAN Warns of Impending Food Crisis as Rising Petrol Prices Cripple Agricultural Production

    March 15, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Digital Fame, Real-World Poverty: The Paradox of Nigeria’s Social Media Economy

    March 9, 2026

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021

    Our Films Release Is Set for 14th December

    December 6, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

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