Zulum Shares N150m Grants To Traders
.
Governor Babagana Umara Zulum over the weekend was in the Gwoza Local Government Area of Borno State for humanitarian and developmental activities, which began on Friday, February 5.
After passing the night in the town, Zulum on Saturday shared N150million as soft loans and grants to small and medium-scale traders.
From the funds, N100m was allocated to small and medium entrepreneurs living within Gwoza town, while N50m was allocated to similar traders in Fulka, Izge, and Limankara towns, all in Gwoza LGA.
Depending on the sizes of their businesses, the jobs they create, and the capacity to pay back what was loaned, six traders received N1m each, 38 traders received N500,000 each, 250 others received N250,000 each, 404 others received N100,000 each and another 732 traders got N30,000 each.
The Governor explained that the loan/grant with a refundable period of four years is meant to resuscitate businesses and livelihoods destroyed by the Boko Haram insurgents in the communities of Gwoza.
Zulum announced that any beneficiary that is able to repay 50% of his or her loans within record time, will enjoy a waiver of the balance of 50%, while those who deliberately fail to repay within the dateline will be made to repay 100% of what they received as loans and grants.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com