NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Bayelsa Govt. empowers 600 traders, disburses N5m interest-free loan

By News Express on 30/07/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,039


Bayelsa State Governor, Hon. Seriake Dickson, yesterday disbursed the sum of N5 million as soft loan to Kpansia traders in the Yenagoa metropolis as part of efforts to grow micro and small enterprises in the state.

The disbursement, midwifed by the state-owned Izon-Ebe Micro Finance Bank, is coming barely a week after a similar interest-free loan facility was released to some beneficiaries of the economic empowerment scheme at the famous Swali Market in the state capital.

Speaking with newsmen during a brief ceremony to flag-off the disbursement at the corporate headquarters of the bank in Yenagoa, the Secretary/Legal Adviser of Izon-Ebe Microfinance Bank, Ms Patience Abah, disclosed that a total of 600 traders from the Kpansia Market have been pencilled down as beneficiaries.

Out of this number, she said 200 have been picked as first batch beneficiaries of the revolving loan with a moratorium of six months, during which period they are expected to build up their capital before repaying the facility.

According to Ms Abah, the loan is different from other ongoing empowerment programmes in the state such as the Micro, Small and Medium Enterprises (MSME) Development Fund. She described the disbursement as a fulfilment of an earlier promise the Governor made to the traders when he visited them.

Ms Abah commended Governor Dickson for releasing the funds in the face of the current harsh economic realities. She urged the beneficiaries to make judicious use of the loan and keep faith with the repayment arrangement to enable others benefit from the scheme.

She said: “We are grateful, first of all, to our Governor, Hon Seriake Dickson for the effort that has been made. I agree that obviously, five million naira is not going to solve all of their (traders) needs. But it is just a start; a very good start. It is for people to know and appreciate the effort he (the governor) is making to be sure that people have access to capital, which is so key because without capital, you can never start or grow in business.

“There has been a lot of talk that has been going on about various loan schemes. So there shouldn’t be any confusion out there. This one today is a specific loan promised by the Governor to assist the Kpansia Market Traders. We also have the MSME Development Fund. That is not to be confused with what is happening here today.

“About a week ago, the governor fulfilled his promise to the Swali Market Traders. The promises were made about the same time to the traders at the two markets-Swali and Kpansia. That of Swali gas been fulfilled and what we are seeing here today is the fulfilment of the promise to the Kpansia Market Traders.”

In an interview, the Leader of Kpansia Market Solidarity Group, Chief (Mrs.) Adevuya Otobo, expressed gratitude to Governor Dickson for identifying with the traders. She noted that it was the first time members of the association were benefiting such support from any government.

Chief (Mrs.) Otobo assured that beneficiaries would properly utilise the facility to grow their businesses and repay accordingly. She prayed God to bless the governor to enable him succeed in his second term bid.

Other beneficiaries, among them Mrs. Suzzy Okorie, Kpenseme Wilcox, Martha Rufus and Madam Teme Patrick, lauded Governor Dickson for fulfilling his promise but appealed for sustenance of the scheme to promote trading activities among Bayelsa women.

Source News Express

Posted 30/07/2015 11:55:19 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Launch of Hajj Reporters news website, awards night...

Lassa fever: UNICEF takes campaign to 5 Anambra...

Abuja roads blocked due to Odili’s daughter’s wedding...

Confab adjourns as tempers rise; decides on resource...

Al-Makura advises students to shun cultism, anti-social vices...

Tony Elumelu speaks at UN General Assembly

Cameroon, Egypt set for 2017 AFCON final showdown...

Zungeru Poly gets 2 hotels worth N200m

Senate receives letter seeking Magu’s confirmation as EFCC...

Immigration commences issuance of passports

Arsenal prepares world record bid for Mpabbe

WHO sacks Mugabe as goodwill ambassador

 

Latest News CONGO: Ebola vaccination exercise begins today Cameroon holiday hit by violence in English-speaking areas Don't neglect to pay the middleman: How Shell and Eni ended up on trial BREAKING: Olisa Metuh collapses in court 15 feared dead as rival cults clash in Awka •11 suspects in police net Nnamdi Kanu and Nigerian Army: Judicial lessons from America, By Russel Andrew Crowe Senate 2019: If Lola Ashiru runs... Herdsmen ambush troops in Benue; kill 2 soldiers, abduct others Queen of bloggers Linda Ikeji heavily pregnant (See photos) Man beaten to death for allegedly killing cow Buhari to lead one-million-man Democracy Walk Tax evaders have two months left to pay through VAIDS or risk severe punishment — FG

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,004 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,648 views) Shameless Genevieve Nnaji exposes breasts in public (273,118 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,532 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,026 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,524 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,730 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,037 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,056 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,214 views) Lagos plane crash: Journalist releases victims’ names (139,860 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,262 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,137) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (594) Global Business Monitor (273) International (1,966) Interview (149) Live Commentary (28) Love Matters (120) News (35,456) Opinion (954) Pidgin (10) Politics (5,026) Religion (742) Sports (1,512) Stock Watch (28) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement