Kano State Governor Ganduje Flags Off Disbursement Of N2b Interest Free Loan To 20,000 Beneficiaries
His Excellency Dr Abdullahi Umar Ganduje OFR today flagged
off the disbursement of 2 Billion naira Microcredit revolving interest
free loan to 1st batch of 20,000 (Twenty Thousand) beneficiaries from
the 44 local governments of the state.
It is also
expected that additional 50,000 (fifty thousand) people will benefit
from the loan indirectly as well. This scheme is aimed at creating a
middle class in Kano State and will drastically reduce poverty and
unemployment.
The loan which is from the Central Bank
of Nigeria, which 60% of the beneficiaries will be women as it is part
of the conditions stipulated by the apex bank.
Governor
Ganduje also inaugurated the newly established Loan defaulters court
comprising of three chief magistrates that will ensure the beneficiaries
repay the loan so as to enable many more people of Kano State benefit
from it as it is a revolving loan.
Salihu Tanko Yakasai
Government House, Kano.
September 1st, 2016.
Source: http://www.trezzyhelm.com/2016/09/kano-state-governor-ganduje-flags-off.html
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