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CBN, others engage youths on business loans

The Central Bank of Nigeria (CBN), the Nigeria Incentive Risk System for Agriculture Loan (NIRSAL) and Access Bank, have worked with the Kano First Forum (KFF) to sensitize youths in Kano state on how to access soft loans from the Federal Government.

The secretary of KFF, Dr. Yusuf Isyaku Rabi’u, during the event said the organisation decided to organise the programme for the youth in the state to inform the youths about the government loan policies so that they can benefit from them.

He said: “We noticed that our youths in the North are left behind especially in the area of accessing government’s loans. They are not benefiting from the federal government’s loan scheme because some of them are not even aware of the scheme not to talk about how to obtain it. So, there is a need for these youths to be fully oriented on this.

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“As part of the criteria needed in obtaining the Central Bank of Nigeria (CBN) initiated a loan scheme, we designed a training programme for these youths on vocational skills so that they can utilize the loan judiciously when it is finally approved.”

Representative of CBN, Alhaji Maitama, said the loan is not a grant as perceived by some people but the loan facility by the Federal Government and CBN will go a long way in alleviating poverty, create jobs and boost the economy.

A participant, Sadiya Yusha’u Abdukareem, pledged to take advantage of the training to become self-reliant.

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