The National Directorate of Employment (NDE) in Plateau, has empowered 74 people through its Micro-Enterprises Enhancement Scheme (MEES) loan scheme.
Speaking at the disbursement ceremony, the Ag. State Coordinator of NDE in Plateau, Mrs. Asabe Lassa, urged the beneficiaries to use the loan judiciously to become self-reliant.
She said the N20,000 loan for each beneficiary was to enable them to grow their businesses, which would have multiplier effects on the economy.
“Do not despise the days of little beginning,” she said.
Mobile app launched to combat fake news
News FCT Muslim pilgrims’ board director assumes duty
She said the scheme would expand their business, which would enable them to create jobs for the unemployed.
In his remarks, the Head of Department of the Small Scale Enterprises, Mr Victor Otukpa, said the loan has a moratorium of two months.
He explained that after the period, beneficiaries are to pay N1,000 monthly, adding that the loan has a 9 per cent interest rate.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
