Bauchi gov gives N1bn interest-free loan to traders, artisans - 9IJA TALKS

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Bauchi gov gives N1bn interest-free loan to traders, artisans

Governor Mohammed Abdullahi Abubakar of Bauchi State has doled out a N1 billion interest-free loan to traders and artisans in the state.
The press secretary to the governor, Abubakar Al-Sadique, in a statement yesterday, said the governor announced the loan offer on Wednesday while addressing leaders of traders and artisans’ association who paid him a courtesy visit.
He said the loan was to help the beneficiaries boost economic and commercial activities which had suffered setback due to economic decline as well as reduce the increased dependence on government for employment.
The statement quoted governor Abubakar as saying that Nigerians must embrace entrepreneurship and businesses in order to reduce over-reliance on government.
He said the loan package would be perfected with banks, stressing that it was interest-free so that beneficiaries could repay with ease while giving them the opportunities to expand their businesses and engage the teeming unemployed youths.

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