Current Time: November 23, 2017 23:25:35pm Last Update: November 23, 2017 16:23:59pm
Home|Forum|Conferences|Concepts|Research|TrueColour|Business Developemnt         
iWitness | Register | Login | Subscribe         

Business > Small Business
FG disburses N380m loan to transform MSMEs in Abia
Addthis Facebook Twitter LinkedIn Gmail
By News Agency of Nigeria
October 21, 2017 03:42:28am GMT      |      Views: 640
Map-of-Nigeria

Mr Uzoma Nwagba, Chief Operating Officer of Government Entrepreneur Empowerment Programme (GEEP) has said that Federal Government had disbursed N380 million to develop micro, small and medium enterprises (MSMEs) in Abia.

Nwagba made this known  during the disbursement of GEEP Moni Market Loan to beneficiaries of the scheme at the International Conference Centre, Umuahia.

He said:”We want to disburse 30,000 loans in Abia in this year alone; as long as you are qualified you will be entitled to it.

“This programme is meant for alleviating poverty and putting money in the hands of the people at grassroots to empower them. The focus is on women and youths.”

Speaking at the occasion, Mr Tola Johnson, Technical Adviser to Vice-President on MSMEs, described the initiative as a strong partnership between the Federal Government ,the state government and different  parastatals.

Johnson also said tthat the progress of the scheme would be monitored to ensure that the objective for establishing it was achieved.

In his speech, the Governor of the state, Okezie Ikpeazu, thanked the federal government for initiating a programme that would strengthen SMEs in the state and urged the beneficiaries to utilise the loan appropriately.

Ikpeazu disclosed that the state government would organise regular training programmes for the beneficiaries to ensure that the programme would be a success in Abia.

In separate interviews with News Agency of Nigeria (NAN), some beneficiaries expressed delight over the opportunity they had received to grow their businesses.

Mrs Adanma Ogbonna, a beneficiary of the programme said that the money would enable her to grow her business, promising that she would make her payment on time and in full.

Mr Osinach Chigbu, another beneficiary, said that he had received a bank transaction alert which indicated that the loan had already been paid into his account.

Chigbu expressed hope that the programme would go a long way to improve the livelihood of the people of Abia. (NAN)

Addthis Facebook Twitter LinkedIn Gmail







Share |




ADVERTISEMENT



Related News
- November 19, 2017 12:58:11pm GMT

- November 14, 2017 14:02:55pm GMT

- November 10, 2017 10:00:51am GMT

- November 8, 2017 05:04:01am GMT

- October 30, 2017 22:42:32pm GMT