FG TO EMPOWER 30, 000 ENTREPRENEURS WITH N30B LOAN

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[Sokoto]–The State Coordinator of the Federal Government’s Entrepreneurship Empowerment Programme (GEEP) Alhaji Lawalli Kebbe, has revealed on Monday in Sokoto, that 30,000 small scale entrepreneurs in the State would benefit from a N30 billion loan under the programme.

Kebbe who revealed that bank accounts had been openned for the beneficiaries said “the GEEP loan package is one of the components of the federal government’s social intervention programme in the country.”

He included that “the beneficiaries would be both male and female, self proprietors of businesses under the aegies of various trade associations registered by the State Small and Medium Enterprises Development Agency and the state Ministry of Women and Children Affairs.”

“Each of the beneficiaries would be given a soft loan of N100,000 to be disbursed through commercial banks.

“Already, the state government had opened accounts for them with Unity bank, each with N10,000, amounting to N300 million.”

Kebbe said that bank verification numbers had been generated for each of the beneficiaries, adding that the beneficiaries were expected to set up small holder businesses across the 23 local governments of the state.

“This gesture would help in expanding the horizon of businesses across the state and the nation at large.

“It would also further reduce poverty, unemployment, youth restiveness, as well as boost internal revenue generation for the state and federal governments”, he said.

The federal government’s N-Power programme, which was rolled out in 2016, empowered about 1,429 unemployed graduates in the state.




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