Business
LG To Empower Youths With N10.5m Loan
The Gwandu Local Government in Kebbi is to give loans totaling N10. 5 million to 150 unemployed youths in the area.
The Sole Administrator of the council, Alhaji Dangi Juli,disclosed this to newsmen in Gwandu last Thursday.
He said that the loans were meant to alleviate poverty as well as enable beneficiaries to become self- employed.
He said that 150 prospective beneficiaries would be screened by a committee to determine those who were capable of repaying as well as handle the disbursement.
Juli said that the local government would continue to initiate policies and programmes to help youths to be gainfully employed.
“The council has also provided N15 million agricultural loans to dry season farmers,” he said.
According to him, arrangement will be made with the state government for the procurement of agricultural inputs.
He said that the inputs would include bulls, ploughs, tractors, insecticide and pesticides for distribution to farmers at subsidised rates.
Juli said the loans were aimed at supporting the people to become self-reliant, especially in agricultural activities.
He said that prompt release of funds from the state government had contributed to the development of the area.
Reports say that Gwandu local council had also granted loans of N5 million to some farmers to encourage commercial cassava farming.
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