Shell Energy Entrepreneurs banner Yudala banner
FG disburses N380m loan to Abia MSMEs

By Ihechinyere Chigemeri-Uwom on 21/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 433

•GEEP COO, Uzoma Nwagba
•GEEP COO, Uzoma Nwagba

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 on Friday 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)

Source News Express

Posted 21/10/2017 1:17:22 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Obasanjo, Babangida absent as Council of State meets...

Kano Killing: CAN decries release of suspects without...

Hoodlums kill another policeman in Yenagoa, snatch riffle...

Notorious land grabber, gang members docked in Lagos...

10 soldiers missing after ambush

Osun declares public holiday for traditional religious festival...

Farmers, environmentalists, civil society groups kick against commercial...

40 vehicles recovered from ex-Perm Sec ‘don’t belong...

Obiano to set up task force to enforce...

BUSINESS EXPRESS nominated for NMMA awards as Business...

Buhari re-appoints Uche Orji MD, Sovereign Wealth Fund,...

LAGBUS management trains over 1,000 drivers

 

Latest News Osinbajo, 9 Governors to find solution to herdsmen-farmers' crisis, killings Fire guts Imo Deputy Governor’s house Military rehabilitates 95 repentant Boko Haram fighters NNPC raises alarm over fake recruitment advert Senate institutes committee on Constitution amendment, postpones National Security Summit Enugu Revenue Board targets N30b IGR to fund 2018 budget Kaduna Govt. bans child fostering, adoption INEC seeks CJN’s intervention over conflicting court judgments Dickson tasks Bayelsa Oil Company on repositioning for optimal performance Umeh takes oath of office as Senator, calls for restructuring Angry General, Nigerian Army slug it out in court over alleged illegal retirement Alex Ekwueme to be laid to rest Feb. 2

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (315,269 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (304,996 views) Shameless Genevieve Nnaji exposes breasts in public (244,634 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,395 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,042 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,309 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,499 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,697 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,003 views) Lagos plane crash: Journalist releases victims’ names (124,449 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,634 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,935 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,853) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,744) Interviews (139) Live Commentary (28) Love Matters (100) News (31,990) Opinion (865) Pidgin (10) Politics (4,356) Religion (666) Sports (1,406) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!