Governor AbdulRazaq Flagges Off Second Phase Disbursement of Non-Interest Loans

National, Uncategorized

By Lawrence Afolabi – Kwara

Kwara State Governor, Malam AbdulRahman AbdulRazaq has flagged off second phase of the disbursement of non-interest loans to additional 30,000 beneficiaries under his administration’s social investment programme, bringing the tally to 60,000 since the scheme kicked off last year. 

Governor AbdulRazaq, at the ceremony explained that the scheme, which comes in four categories, was designed to fight extreme poverty and stimulate small businesses by providing beneficiaries with interest-free loans.
 
While imploring beneficiaries of the loans to make judicious use of the support and ensure they pay back the money with a view to providing incremental loans for those who pay back to the tune of N50,000, he assured people of his administration’s continue support for the downtrodden, poor and vulnerable with opportunities, financial support and capacity building programmes. 

Also speaking, Acting General Manager KWASIP, Mohammed Brimah, said the disbursements
30,000 people have so far benefited from the Programme since it’s take off in 2020.

He said the disbursement under the programme are for known beneficiaries captured and screened by the scheme, unlike the controversial N2bn SME loan secured by the immediate past administration in the state, without any form of accountability.

Lawrence Afolabi.

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