Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Tinubu Assures: Nation’s Refineries Will Work And Be Profitable

    August 14, 2026

    “DEBT IS NOT THE PROBLEM; STUPID BORROWING IS.” — SUJIMOTO CEO DECLARES COMPANY WILL BE DEBT-FREE BY JANUARY 1, 2027

    August 14, 2026

    NNPC Lauds Deep Offshore Tax Order, Says Will Attract $50bn Investment

    August 14, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Over ‘kill Accord’ Comment, Amnesty Initiates Online Petition Against Fadahunsi

      August 14, 2026

      Tinubu Charges INEC Ahead of Saturday Poll To Conduct Free, Fair Election In Osun

      August 14, 2026

      Amnesty International To ‘Name, Shame’ Fadahunsi Across 150 Countries

      August 14, 2026

      Makinde Prefers Opposition Coalition Ahead of 2027 Elections

      August 14, 2026

      Adeleke Announces Friday as Work-free Day for Osun Workers

      August 12, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment August 13, 2026

      Congratulations As Omotola’s Daughter Meraiah Flaunts Engagement Ring

      Recent

      Congratulations As Omotola’s Daughter Meraiah Flaunts Engagement Ring

      August 13, 2026

      Omotola Jalade Donates N22m Proceeds of ‘Mother’s Love’ to NGO

      August 13, 2026

      Content Entrepreneur, Mr Aloy Says Faith Stands Despite His Characteristics Comedy Display

      August 13, 2026
    • Business

      Tinubu Approves Fresh Framework to Unlock $50bn Deep Offshore Investments

      August 12, 2026

      Association of Movie Producers of Nigeria Engages Bank of Industry MD on IP-Based Loan Access, Honours Him with Award and Patronage

      August 9, 2026

      BUA Foods Posts N292bn as H1 Profit Despite Revenue Decline

      July 31, 2026

      Viral N2.5m Monthly Corn Business Earning Dismissed From Source

      July 8, 2026

      Consumer Credit Falls to N3.03tn, Shortage of N780bn Caused by High Rates

      June 30, 2026
    • Health

      LAWMA Assures Residents of Plan to Evacuate Refuse Heaps in Lagos

      July 29, 2026

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026

      Ebola outbreak in Congo kills at least 80, spreads concern to Uganda

      May 17, 2026
    • Culture

      Awujale Stool: Ruling House Commits Trust In Leaders, Disapproves Removal

      August 13, 2026

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026
    • Lifestyle

      Dignitaries: Osinbajo, Fashola, Florence Ajimobi, Others Attend Kemi Adeosun’s Husband’s Burial Service 

      August 14, 2026

      Five Years On, Okunbo’s Children Carry Forward a Legacy of Family and Service

      August 12, 2026

      When Leadership Speaks: How Public Communication Shapes Economic Confidence

      August 9, 2026

      Peller-Jarvis Presents White Wedding Photos Online

      August 9, 2026

      Benin Writers Society Explores The Theme Of Trust In Its Monthly Poetry Play Ground

      August 5, 2026
    • Sports

      Super Falcons Fail To Qualify For World Cup 2027, South Africa Move Ahead

      August 14, 2026

      Somali Ref Omar Artan Show Of Appreciation To UEFA, CAF As ‘This was my World Cup’ 

      August 14, 2026

      Leicester City Up For Sale After 16 Years Of Ownership

      August 14, 2026

      Nigeria And South Africa Prepare For Decisive Match At World Cup Play-off

      August 13, 2026

      Ronaldo Sends Message of ‘… Leo, stay strong’ to Messi Following Father’s Death

      August 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

    News August 12, 2026

    Tinubu Approves Fresh Framework to Unlock $50bn Deep Offshore Investments

    Entertainment August 9, 2026

    Association of Movie Producers of Nigeria Engages Bank of Industry MD on IP-Based Loan Access, Honours Him with Award and Patronage

    Business & Economy (Africa) July 31, 2026

    BUA Foods Posts N292bn as H1 Profit Despite Revenue Decline

    Business July 8, 2026

    Viral N2.5m Monthly Corn Business Earning Dismissed From Source

    Banking & Finance June 30, 2026

    Consumer Credit Falls to N3.03tn, Shortage of N780bn Caused by High Rates

    News June 30, 2026

    Remi Tinubu Says FG Also Support Pepper, Boole Sellers And Others. 

    Leave A Reply Cancel Reply

    Don't Miss
    News August 14, 2026

    Tinubu Assures: Nation’s Refineries Will Work And Be Profitable

    • Nigeria has four refineries, two in Port Harcourt and one each in Warri and…

    “DEBT IS NOT THE PROBLEM; STUPID BORROWING IS.” — SUJIMOTO CEO DECLARES COMPANY WILL BE DEBT-FREE BY JANUARY 1, 2027

    August 14, 2026

    NNPC Lauds Deep Offshore Tax Order, Says Will Attract $50bn Investment

    August 14, 2026

    Over ‘kill Accord’ Comment, Amnesty Initiates Online Petition Against Fadahunsi

    August 14, 2026

    Subscribe to Updates

    Get the latest news as they happen

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

    Our Films Release Is Set for 14th December

    December 6, 2021

    Edo speaker invested into knighthood of St Christopher

    October 31, 2021

    Prophet Joshua Iginla Buries Mother In Grandstyle As Ooni Of Ife, Wife, Top Dignitaries Storm Ekiti

    October 31, 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.