FG Disburses N24m Loan To 2,400 Entrepreneurs In Sokoto

The Minister of State, Labour and Employment, Festus Keyamo, says the FG has disbursed N24 million to 2,400 small scale entrepreneurs in Sokoto State.

Mr Keyamo said the funds were under the federal government’s Micro-Enterprise Enhancement Scheme (MEES) of the National Directorate for Employment (NDE). The scheme is designed to enhance the operational capacity of existing micro-enterprises. The beneficiaries are usually operators of existing micro-enterprises who receive the microloan package to expand their businesses and in turn improve their earnings.

Mr Keyamo reiterated the commitment of the President Muhammadu Buhari-led government to increase investment in the area of business empowerment among Nigerians, stressing that microeconomic growths remained the backbone of development.

The minister said Mr Buhari has great concern towards the development of all Nigerians irrespective of political inclinations.

Mr Keyamo commended the governor, Aminu Tambuwal, for emulating Mr Buhari on common grounds, in spite of their different views on politics and governance.

“Leaders ensure that after elections all government policies should affect every citizen, irrespective of political party differences.

Read Also: 5 Digital Lending Platforms For SMEs In Nigeria

“Such action fosters great unity among people and enhances public confidence on governance,” Mr Keyamo noted.
The minister further commended Mr Tambuwal for keying into federal government’s empowerment policies by liaising with Yusha’u Furniture Factory in the training of 1,700 youth on furniture making businesses.

The Director-General of the National Directorate of Employment (NDE), Dr Mohammed Nasir Ladan said the agency was encouraged by the effort of Sokoto orphanage home to commence the “Catch Them Young Entrepreneur Scheme” in Sokoto state.

He reiterated his determination to reduce the level of unemployment in the country through NDE skills acquisition programmes and schemes. He said that every jobless Nigerian would be given the opportunity and privilege to learn a skill and become self- employed.

Join our thriving community on Facebook.