Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Joke Silva celebrates her husband, Olu Jacobs at 83

    July 11, 2025

    Joke Silva celebrates Olu Jacobs at 83

    July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    July 11, 2025
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      ADC releases names of all party chairmen across Nigeria

      July 10, 2025

      INEC starts media accreditation, opens portal for by-elections

      July 9, 2025

      APC commences sale of forms for NASS bye-elections

      July 8, 2025

      Aregbesola becomes National Secretary of ADC interim, reveals agenda

      July 2, 2025

      INEC resumes voter registration, reveals 2025-2026 election timetable

      July 2, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment July 11, 2025

      AMP Welcomes Nollywood Professionals To EFCC Sensitization Programme

      Recent

      AMP Welcomes Nollywood Professionals To EFCC Sensitization Programme

      July 11, 2025

      Ultimate 2025 IX Edition Awards unfolds categories for event

      July 11, 2025

      How marketers blacklisted me for rejecting sexual immorality

      July 10, 2025
    • Business

      Flutterwave secures full license to empower businesses in Senegal

      July 11, 2025

      UBA Announces Strategic Expansion into Key Markets Across Africa

      July 11, 2025

      Alternative Bank Pioneers Progress For Africa At ASIS 2025

      July 10, 2025

      Stanbic IBTC Bank meets CBN’s recapitalisation requirements

      July 9, 2025

      Flutterwave returns to transfers from Europe to Africa after hiatus

      July 9, 2025
    • Health

      Healthcare centre named after Remi Tinubu in Lagos

      July 11, 2025

      First Lady, Oluremi Tinubu inaugurates 30-bed Primary Health Centre in Lagos

      July 10, 2025

      Sterling Bank recognised for 2025 Nigerian Healthcare Excellence Awards

      July 4, 2025

      FG approves ₦65bn as intervention to basic health services in 2025

      July 2, 2025

      Guidelines for managing sickle cell in pregnancy – WHO

      June 20, 2025
    • Culture

      Rite Foods Powers Ojude Oba Festival, Adds Colour to its Festivities, Reinvigorates Participants with Its Award-winning Brands

      June 11, 2025

      Glo Celebrates 20-Years Of Showcasing Ojude Oba To The World With Gifts Of Cars, Tricycles And More

      June 9, 2025

      House Of Adron Illuminates Ojude Oba Festival With Grandeur, Honours Awujale Of Ijebuland

      June 8, 2025

      Ijebu Ode aglow with grandeur, culture at Ojude Oba festival

      June 8, 2025

      2025 Durbar Festival: Crowd gather in Ilorin to celebrate in grand style

      June 8, 2025
    • Lifestyle

      Joke Silva celebrates her husband, Olu Jacobs at 83

      July 11, 2025

      Joke Silva celebrates Olu Jacobs at 83

      July 11, 2025

      Kerojet Services CEO Femi Balogun Marks Birthday with Major Empowerment Drive in Lagos

      July 7, 2025

      Birthday: CJPAN Celebrates Media And PR Guru Mrs. Tosin Ajayi 

      July 7, 2025

      Language Is Power: Finding Our Voice Again

      July 7, 2025
    • Sports

      WAFCON 2024: Super Falcons Advances To Quarterfinals After Win Over Botswana 

      July 11, 2025

      FIFA ranking for Super Eagles, drop to 44th globally

      July 11, 2025

      Meeting International: Ajayi breaks record with 9.92s win in France

      July 8, 2025

      Aina extends contract till 2028, lauded by Forest boss, Marinakis

      July 8, 2025

      CONCACAF Gold Cup: Mexico defeat USA 2-1 to win title

      July 8, 2025
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»Business»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 July 11, 2025

    Flutterwave secures full license to empower businesses in Senegal

    Business July 11, 2025

    UBA Announces Strategic Expansion into Key Markets Across Africa

    Business July 10, 2025

    Alternative Bank Pioneers Progress For Africa At ASIS 2025

    Business July 9, 2025

    Stanbic IBTC Bank meets CBN’s recapitalisation requirements

    Business July 9, 2025

    Flutterwave returns to transfers from Europe to Africa after hiatus

    Business July 9, 2025

    Access Bank UK Hosts Charity Polo Day 2025 To Promote Inclusive Education Worldwide

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    Lifestyle July 11, 2025

    Joke Silva celebrates her husband, Olu Jacobs at 83

    Joke Silva celebrates her husband, Olu Jacobs at 83 Joke Silva, Olu Jacobs Joke Silva…

    Joke Silva celebrates Olu Jacobs at 83

    July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    July 11, 2025

    Youth Minister Embarks on Journey to UAE, Presenting NiYA for Digital Skill

    July 11, 2025

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: officialmegastarmagazine@gmail.com
    Contact: +234 705 311 1111

    Our Picks

    Joke Silva celebrates her husband, Olu Jacobs at 83

    July 11, 2025

    Joke Silva celebrates Olu Jacobs at 83

    July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    July 11, 2025
    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
    © 2025 Megastar Magazine. Designed by MANNDI

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