Delta
State government has said it will
pay N90 million to offset the 9 percent interest rate on the
Central Bank of Nigeria's (CBN's) N2 billion micro, small and medium
enterprises development loan to the state for disbursement to small and medium
scale entrepreneurs.
Governor
Emmanuel Uduaghan who stated this on Tuesday during the official disbursement
of the first tranche of the funds in Asaba, maintained that his administration
would continue to develop human creative capacities forthe creation of economic
values.
Uduaghan
said
besides the cluster groups,
internally displaced persons (IDPs) from the Northern parts of the country and
physically challenged persons (PCP) must benefit from the loans.
He
promised that his administration would shoulder any cost arising from the
disbursement of the funds to the benefitting entrepreneurs.
“Let
me assure the CBN that the money will get to those whom it is intended for, and
whatever logistics that would be involved, the state government will take
responsibility and also pay the nine percent interest rate so that it will get
to the beneficiaries at zero per cent,” the governor assured.
Thisday
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