FG disburses N10.8 million loan to 108 unemployed youths
The National Directorate of Employment (NDE) on Friday said the federal government has released N10.8 million as empowerment loans to 108 unemployed persons in Imo State.
Speaking at an orientation ceremony organised for the beneficiaries of the facility in Owerri, the director-general of the agency, Abubakar Nuhu-Fikpo, said the loans were to help the beneficiaries to start up agro projects, improve their socio-economic status, reduce poverty, create wealth and boost their leadership skills.
“108 beneficiaries from each of the 36 states and the Federal Capital Territory, Abuja, have each received N100,000,” said Mr Nuhu-Fikpo who was represented by the NDE coordinator in Imo, Ngozi Iheanacho.
The NDE boss said the loan was being disbursed under the Sustainable Agricultural Development Employment Scheme and the Community Based Agricultural Employment Scheme.
He noted that the loan was repayable in three years, with a nine per cent interest rate, adding that “we expect the beneficiaries to invest wisely in order to be able to pay back in 36 months.”
“This is part of government’s commitment to job creation and poverty reduction,” he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Eleven children killed, 19 injured in Algeria orphanage fire
President Abdelmadjid Tebboune described the tragedy as a huge loss.
Heading 2
Kano empowers 1,900 butchers, to establish cottage industry hubs
He said the government had already made provision for the establishment of the hubs in the 2026 budget.
Heading 3
2027 Elections: Police commence recovery of illegal arms nationwide
Mr Kokumo said the centre had destroyed more than 16,000 unserviceable weapons since its inception.
Heading 5
Court restrains FRSC from operating on Kano township roads
Mr Hikima sued the commission for unnecessarily stopping, searching and questioning him and other motorists.
Heading 5
White House teleprompter operator rakes in over $100,000 betting on Trump’s speeches: Report
Investigators discovered Mr Perez placed bets on more than a dozen of Mr Trump’s speeches over a three-month period.
Hot news Home top
Kidnapped Kogi school principal, NECO official, students regain freedom
Gunmen, on Tuesday, abducted a principal, NECO official and students during exam in Kogi school.
