Abia State Government will on Thursday unveil N1bn Interest
Free Revolving Loan Scheme for 9,200 Abians from the 184 wards in the state in
the first phase of the programme.
The state Commissioner for Information and Culture, Okey
Kanu, disclosed this while briefing journalists on the outcome of this week’s
executive council meeting presided by Governor Alex Otti on Monday.
He said the 50 beneficiaries would be selected from each
political ward in the state, adding that the scheme, which is an
interventionist and empowerment programme, would help the beneficiaries as well
as have a positive effect on the state economy.
He said the governor will officially unveil the disbursement
of the loan through the Abia State Co-operative and Support Schemes.
“This is meant to support micro businesses operating in the
state. It is an interventionists programme that will act as a palliative and
empowerment for the beneficiaries.
“To ensure an even spread around the state, 50 beneficiaries
have been drawn from 184 political wards in the state.
“The short, medium and long time effect of the programme is
huge and it definitely has a positive effect on the state economy and it will
help to ameliorate the difficulties people are facing in their businesses in
face of economics down turn in the country,” Kanu averred.
Kanu noted with dismay, the rise in vandalism of public
schools and property in the state, a situation he said government frowns at.
He pointed out that such acts of vandalism must stop
forthwith and urged presidents general, town union executive and other
stakeholders to take ownership of the public schools in their communities.
He announced that henceforth enforcement against street
trading and illegal motor park operations in Aba and Umuahia would commence and
advised those engaging in such acts to desist forthwith.
Contributing, the Commissioner for Local Government and
Chieftaincy Affairs, Uzor Nwachukwu, said the government has so far shown understanding
and applied the human face to the enforcement and would now act accordingly.
Also, the Commissioner for Finance, Mr. Mike Akpara
clarified that contrary to the rumours making the rounds that he takes N10m
home monthly, he said neither him nor other state government officials take
home such an amount.
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