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FG disbursed N125m loan to micro businesses in Akwa Ibom – Osinbajo

The Federal Government has disbursed N125 million as loans to Micro Small and Medium Enterprises (MSME) in Akwa Ibom.

Vice President Yemi Osinbajo disclosed this at the Nationwide MSME Clinics for viable enterprises, Akwa Ibom Edition in Uyo on Saturday.

He said: “About 2,445 Akwa Ibom people have benefitted from the programme across 62 associations in the state.”

The programme was organised by the Office of the Vice President in partnership with Federal Ministry of Industry, Trade and Investment and the Akwa Ibom Government.

He said the loan, an intervention programme of Bank of Industry (BOI) under Government Enterprise and Empowerment Programme (GEEP) was to provide non interest credit facility to qualified Nigerians.

Osinbajo, who was represented by the Technical Adviser to the Vice President on SMSE, Mr. Tola Johnson, said “Akwa Ibom is the 11th state that benefitted from FG’s MSME clinic.”

He said the essence of the programme was to bring together all regulators of MSME space to solve MSME related issues in any state.

The vice president added that the federal government would identify 100 good businesses and give them N500,000 each to facilitate their businesses.






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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

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