Pay Back Loans, NDE Appeals To Beneficiaries

The National Director ate of Employment (NDE) has appealed to the beneficiaries of NDE loans to pay back the loan when due to enable others also benefit.
Director General of NDE, Mallam Abubakar Fikpo, made the appeal recently while disbursing N4.2 million to 42 beneficiaries of NDE loan to farmers in Delta State under Sustainable Agricultural Development Empowerment Scheme, Graduate Agricultural Empowerment Scheme, Agricultural Enhancement Scheme, and Community-Based Agricultural Empowerment Scheme.
Fikpo, who was represented by the Deputy Director, Human Resources Headquarters of NDE, Mrs. Oyoyo Kate, said the disbursement was going on across the 36 states.
“It will interest you to note that NDE was established with the statutory responsibility to design and implement programmes that will combat mass unemployment in the country.
“I want to beg you that the loans we are giving you today is not a grant and it should be paid back as at when due so that those who were not privileged to benefit from this batch will have the opportunity to be empowered in the second phase of the loan disbursement”, he said.
The NDE boss explained that the loans are very flexible with six moratorium, 9 percent interest rate and repayable in three years.
He commended the State Governor, Ifeanyi Okowa, for supporting NDE programmes in the State.
In his remark, the Acting State Coordinator of the NDE, Mr. Onyeogo Sylvanus, explained that the beneficiaries had trained in various schemes.
He said it was based on the training that they were being granted loan packages to enable them be established in agribusinessess, adding that the total of N4.2 million were disbursed to 42 beneficiaries with 100,000 each selected from those trained.