✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

NDE disburses N8.7m business enhancement loans to 220 in Kogi

National Directorate of Employment (NDE) yesterday disbursed N8.7 million business enhancement loans to 220 unemployed women and youths in Kogi State. Director General of NDE,…

National Directorate of Employment (NDE) yesterday disbursed N8.7 million business enhancement loans to 220 unemployed women and youths in Kogi State.

Director General of NDE, Dr Nasir Mohammed Argungu, at the flag off of the loan disbursements in Lokoja, said the initiative was part of efforts by the federal government aimed at uplifting those in small scale enterprises.

The DG,  who was represented by the NDE Coordinator in the state, Mallam Zakari Abubakar, said the loan disbursements would go a long way in addressing the issues of unemployment, poverty and encourage wealth creation and self reliance amongst the people.

He said the beneficiaries, who were selected from across the three senatorial districts of the state, have been trained by NDE prior to the loan disbursements to enable them begin their own businesses.

The DG said the loan was repayable within a maximum of two years with nine percent interest and urged the beneficiaries to ensure its judicious utilization.

Representative of the Kogi State Government, Josephine Ali, lauded the federal government for the gesture, saying it would go a long way ensuring job and wealth creation for the people.

 

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

UPDATE: Nigerians in Nigeria and those in diaspora can now be paid in US Dollars. Premium domains can earn you as much as $17,000 (₦27 million).


Click here to start earning.