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Dankwambo flags off disbursement of N750m loan to traders

Speaking at the forum in Gombe, Dankwambo said the loan was meant to support traders in their businesses, while uplifting the standard of living of…

Speaking at the forum in Gombe, Dankwambo said the loan was meant to support traders in their businesses, while uplifting the standard of living of the people.
According to him, the loan is interest-free but had negligible administrative charges to be paid to Jaiz Bank. “The state government is deliberately partnering with Jaiz Bank to administer the Trade Intervention Fund because of its banking ethics and readiness to contribute positively toward the development of Gombe State,” the governor said.
Out of the amount, he said N500m would be disbursed to the Main Market, Old Market and Village Traders Market Association which constituted the three leading traders’ groups.
Dankwambo said the second phase of the disbursement would take place in 12 months when the beneficiaries of the first batch had repaid their loans. He appealed to the beneficiaries to judiciously utilise the loan and ensure timely repayment so that others could benefit from the gesture.
In his remarks, the Chairman of Gombe Traders Association, Alhaji Dayyabu Hashim, commended the government’s efforts aimed at boosting the economy of the state.
Hashim assured the government that the traders would ensure they fulfill all the conditions attached to the loans. He called on the traders to support the state government in order to access more dividends of democracy. (NAN)

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