Fidelity bank banner UBA banner
FG disburses N380m loan to Abia MSMEs

By Ihechinyere Chigemeri-Uwom on 21/10/2017

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

Views: 787

•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 Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Statistics helps nation’s development, says Perm sec

FG commits N10bn to N-Power

CSCEOS to Aregbesola: Publish how Osun spent N11.7bn...

Charly Boy attacked in Abuja •How he escaped...

Anambra PPA leader calls on FG to go...

Umeh hails judiciary, dedicates award to it

Jonathan dribbles Ndigbo, fails to make Ihejirika Chief...

We can prosecute Ekiti vote buying but can’t...

Secondus distances self from negative reports on Atiku...

Why MUSLIMS DON’T CELEBRATE Valentine’s Day

Ghana’s Presidency says over 200 cars missing, sets...

FG confirms 6 more cases of monkeypox •The...

 

Latest News EFCC lists 22 witnesses to testify against Fayose IPOB reveals Nnamdi Kanu’s position on 2019 Presidential election Boko Haram sacks two communities in Borno Ministry releases details of billions spent on 292 water projects in 7 years 45 Nigerian firms flaunt potential at SNEPCo exhibition 2019: Arewa youths threaten to stop Atiku over Fani-Kayode, Nnamdi Kanu Minimum Wage: NLC threatens to embark on fresh industrial action on November 6 I will contest in 2019, says Shehu Sani Don’t disenfranchise Zamfara electorate, CLO tells INEC •Urges Buhari to call Oshiomhole to order Wike an Action Governor — Prof. Gidado Buhari set to visit Seme border Police arrests drug store operator for murder in Borno

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (408,421 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,312 views) Shameless Genevieve Nnaji exposes breasts in public (315,724 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (258,731 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,169 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,848 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,665 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,082 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,927 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,223 views) Lagos plane crash: Journalist releases victims’ names (161,911 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,624 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,701) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (304) International (2,559) Interview (165) Live Commentary (28) Love Matters (145) News (39,805) Opinion (1,126) Pidgin (13) Politics (7,325) Religion (883) Sports (1,738) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement