Business
Kwara Disburses N100m Loan To Artisans
Governor Abdulfatah
Ahmed of Kwara State has disbursed N100 million in revolving loans to 47 artisan cooperative societies in the state as part of government efforts to boost their businesses.
Presentation the cheques in Ilorin, Ahmed charged the recipients to make judicious use of the money.
The governor said the package was in fulfilment of his promise to provide a revolving loan to artisans in the state.
“This loan will surely boost your businesses, and improve your lives and that of your families
“I am pleased to note that the Kwara State Entrepreneurship Scheme, started with N250 million in 2012 has grown to N418 million with 1017 cooperative groups benefiting,’’ Ahmed said.
The governor said artisans operating under the aegis of Artisan Congress would be involved in developmental activities.
He called on people of the state to patronise members of the congress as the artisans “possess the skills and experience to deliver excellent services’’.
Ahmed said the era in which artisans from neighbouring countries were given preference in patronage was over.
He advised the artisans not to see the loan as part of government largesse but a revolving fund to be recouped and made available to others.
“In view of this, you have a one-month moratorium and should repay the loan in full within a period of one year so that other members can participate and grow their businesses,’’ he said.
Ahmed advised the 16 local government areas to key into the loan scheme so that more people would be empowered economically.
“To this end, each of the 16 councils should, as a matter of priority, initiate revolving credit schemes for all the artisans in their domains.’’ he added.