FG Disburses N2b Loan To 549 Kebbi Entrepreneurs – Malami

In a bid to improve the economy, the federal government will be disbursing about 2 billion naira loan to 549 entrepreneurs in Kebbi State.

The Attorney-General of the Federation and Minister of Justice Abubakar Malami SAN made this known on Monday, in a statement issued by his Spokesperson, Dr. Umar Jibrilu Gwandu.

“Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN stated this on Monday in Birnin-Kebbi at the opening ceremony for distribution of two billion naira (N2b) loan facilities to five hundred and forty-nine (549) entrepreneurs under the Federal Government Agric-Business Small and Medium Enterprises Investment Scheme (AGSMEIS).

“He said each of the entrepreneurs were to receive an amount ranging between one million to five million commencing from Monday the 21st day of December, 2020,” it stated.

Also, the AGF noted that the federal government has plans to empower 3,000 individuals in the state.

“At least three thousand individuals with small and medium scale businesses in Kebbi State would receive Federal Government’s post COVID-19 grant in order to enhance their business activities.

“The Federal Government has compassionately noted that many small and medium scale business individuals got diminishing returns due to the COVID 19 pandemic and subsequent lockdown, hence the need to intervene with grants and soft loans to boost their businesses and enhance their productivity,” Malami stressed.

Furthermore, he observed that Government was exploring other ways (particularly in agriculture) to make the people of the state to be self-sufficient.

The statement further reads :

“The Minister said, to increase food production and job creation in Kebbi State, already Khadimiyya for Justice and Development Initiatives (KDI), a Non-Governmental Organisation, has facilitated ways for more than 2,000 cassava farmers and 1,900 rice farmers access soft loans under the Anchor Brower Programme of the Federal Government.

“According to the Minister, two hundred wheelchairs will be distributed to disables in Birnin-Kebbi during the first week of January, 2020.

“He expressed appreciation that some social development projects already executed including Widows and Vulnerable Empowerment Scheme with free distribution of goats to enhance the business of rearing animals to support rural women have started yielding positive results.

“Malami said as a measure to bring an end to the acute shortage of water as well as improve healthcare and hygiene hundreds of boreholes were dug for rural communities through the Khadimiyya for Justice and Development Initiatives.”