Federal Government Gives No-interest Loans To 23,400 Traders, Farmers, Others


The Federal Government, on Monday announced the disbursement of a ‘no-interest loan’ to 23,400 beneficiaries in 13 states including the Federal Capital Territory, FCT.

Disclosing this in a statement, the spokesperson to the acting President, Laolu Akande, said the scheme was under the enterprise and empowerment programme of the Federal Government.

The acting President’s aide revealed that the loans which ranged from N10,000 to N100,000 per applicant would be paid directly to the beneficiaries.

Stressing that beneficiaries must belong to registered associations or co-operatives, Akande said this was “to ensure that they are peer-endorsed as credible.”

He said over one million people had enrolled for the micro-credit scheme across the nation and added that they would all benefit this year.

According to Akande, the “no-interest” micro-credit scheme, with “only a one-time five percent administrative fee is targeted at traders, artisans, market men and women, entrepreneurs and farmers.”

He added that “the actual feeding of pupils is expected to commence this week in Ogun and Oyo States; while Ebonyi State will soon follow suit.”

Akande dismissed reports of food rationing in states where the home-grown school feeding programme had kicked off.
He said,“While the federal government has paid all approved cooks based on the number of pupils allocated to each cook, it’s the states that provide the number of pupils to be fed. 

And where those figures change, the next batch of FG payment would reflect it. Specifically, where the number of pupils increases, the states will communicate the increase and approve the review.

“The numbers of the new pupils are then physically verified before a commensurate number of cooks are engaged, trained and then paid. The FG has also adopted a system where it pays the cooks a 10-day advance payment for feeding. The programme is designed to ensure that no cook feeds more than 150 pupils a day, but in some cases, the numbers are as low as 35 pupils a day.”

COMMENTS

Name

Benue News,375,Biafra,5,Business News,72,Celebrities,92,Crime And Offence,45,Culture,25,Download,5,Education,57,Entertainment,152,Fashion,4,Foreign News,44,Ghana News,5,Health,36,Jobs/Recruitements,20,Nigerian News,823,Politics,305,Relationship,78,Slider,5,Sports,34,Taraba News,12,Technology,15,
ltr
item
Benue Blog Portal: Federal Government Gives No-interest Loans To 23,400 Traders, Farmers, Others
Federal Government Gives No-interest Loans To 23,400 Traders, Farmers, Others
https://4.bp.blogspot.com/-9ueU1Rg0vY8/WJCPZ_GxEUI/AAAAAAAAFfY/-uosXVQ0kiMh8e1kU60ZqxWQ5dxa42AFACLcB/s400/Market-667x450.jpg
https://4.bp.blogspot.com/-9ueU1Rg0vY8/WJCPZ_GxEUI/AAAAAAAAFfY/-uosXVQ0kiMh8e1kU60ZqxWQ5dxa42AFACLcB/s72-c/Market-667x450.jpg
Benue Blog Portal
http://www.benueblog.com/2017/01/federal-government-gives-no-interest.html
http://www.benueblog.com/
http://www.benueblog.com/
http://www.benueblog.com/2017/01/federal-government-gives-no-interest.html
true
8328915417938209519
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete Posted By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy