There is absolutely no place for political violence in our democracy. Although we don’t yet know exactly what happened, we should all be relieved that former President Trump wasn’t seriously hurt, and use this moment to recommit ourselves to civility and respect in our politics. Michelle and I are wishing him a quick recovery.
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In fulfillment of our campaign promises, we are pleased to announce the official disbursement of a ₦1,000,000,000 Interest-Free Revolving Loan. The initiative aims to empower 10,000 Nano and Small Scale Entrepreneurs across the 184 wards in the 17 Local Government Areas (LGAs) of Abia State. Through the scheme, the State Government will provide essential financial support to entrepreneurs, fostering business growth and economic development.
The Abia State Cooperative Support Scheme has been set up to address the financial difficulties faced by small-scale business owners in both rural and urban communities. Our focus is on enhancing business awareness at the grassroots level, recognizing that this approach is crucial for combating endemic poverty and addressing our worrisome unemployment rate. The selected beneficiaries for this batch include farmers, petty traders, and artisans from various parts of the state.
Our model emphasizes productivity, job creation, and poverty reduction. Beyond the current beneficiaries, our target is to directly impact approximately 100,000 businesses over the next thirty-six months. We remain optimistic that today's recipients will diligently repay their loans, enabling others to benefit. Additionally, we aspire to expand our reach beyond the set target, potentially collaborating with international partners and donor agencies to broaden opportunities.
To ensure effective ownership and control of the scheme, we have strategically leveraged community-based cooperative societies for loan disbursement. Members must understand the consequences of deliberate loan defaults; a depleted resource pool affects the chances of other members benefiting.
The scheme aligns seamlessly with our strategic development agenda. We are committed to improving the welfare of our citizens at the grassroots level. Our administration rejects a scenario where a select few monopolize community resources while the majority wallow in poverty.
Special thanks to stakeholders and Hon. Ishmael Onuoha, the Coordinator of the scheme, and Senior Special Assistant to the Governor on Cooperative Societies, for their hard work in ensuring the success of the initiative.
@renoomokri Indeed you have spoken outright that "money is not everything". But we the individuals forsight money to be everything and that's why they stumbled into evils. In contrast, money is somethng we can’t do without. We need to find money to meet up ur expectations in life.
@renoomokri The issue why this generation is facing menace is because history wasn’t told to them. However, i urge everyone to access history before 'taking problem which they can't withstands'. We are now in plights of what had happened in the past. History should be reinstated.
The LP presidential candidate Mr. Gregory Obi has appreciated the FG for partnering with some major transport companies to subsidise interstate fares for Nigerians travelling during the Yuletide season through a 50 per cent rebate. He blamed the FG that they were no compliance
Kanu’s Special Counsel, Aloy Ejimakor has urged the President Bola Tinubu to release NMK as payback for Odumegwu Ojukwu's release of Chief Obafemi Awolowo in the 1960s.
In 1965, Obafemi Awolowo was convicted treason and imprisoned in Calabar prison.