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3500 Imolites To Receive N5m Loan From CBN, AS Uzodinma Foots Reg. Bill For Participants

In a demonstration of genuine love and sincerity, the prosperity government of His Excellency, Distinguished Senator Hope Uzodinma, has decided to foot the registration fee for the CBN/NIRSAL Loan Scheme to ensure that every qualified participant benefits.

It was gathered that the amiable and caring Governor of Imo state had to step in boldly because of his commitment to  Shared Prosperity and taking Imo people out of poverty.

According to the Hon Commissioner for Commerce and Industry, Barr Kingsley Ononuju (Ekwedashike), the intervention by the Governor also became necessary following the failure of some corporate bodies who had earlier been contacted by the Ministry of Commerce and Industry, to help bear the cost of the registration.

Hon. Ononuju, is hopeful that Imo people, will remain eternally grateful to the Governor for this laudable gesture.

All participants in the CBN/NIRSAL 5-Day workshop should, therefore, continue with the training as the issue of the registration fee has been taken care of by the government.

In a bid to cushion the effects of the dreaded COVID-19 pandemic which has led to mass sufferings, in the state, the Imo State Government in partnership with CBN NIRSAL has set out three thousand five hundred business persons from across twenty-seven local governments to be given what it termed single digit interest rate loan.

The said Business support Loan which would be granted to participants at a moratorium of 18 months would go a long way in stabilizing the state economy says the government.

This is even as the Imo State Governor Senator Hope Uzodinma had on last Wednesday kicked off the 5days program termed, CBN/NIRSAL Business support and recovery loan scheme for Imo State participants.

Reading his address, the Imo State Governor, Senator Hope Uzodinma who was represented at the function by his Deputy prof. Placid Njoku charged the participants to take the scheme seriously pointing out that the reason behind the state’s partnership with the CBN? NIRSAI was to create an economic recovery momentum in on full swoop.

The governor who used the forum to commend the commissioner for commerce Barr. Kingsley Ononuju as well as the Imo State Executive Council on their doggedness to return Imo to commercial and manufacturing activities made it clear that such a singular act has shown that indeed, they are committed to restoring the dignity of Imo.

In his address, the commissioner for Commerce and Industry, Hon. Ononuju while commending the Imo State Government for the consciousness of bettering the living conditions of Imo particularly the business owners pointed out that the scheme would build the economy of the state and by extension create more job opportunities for our teeming unemployed youths.

Ononuju who pointed out that the state government is toeing the line of civilized nations in growing the economy of the state charged the would beneficiaries of the loan to keep and adhere strictly to the terms of the loans. We have recognized that the single biggest challenge of the ordinary man to starting a business is access to fund, he said. Therefore this loan is designed to bridge the gap of starting up business and cooperatives.

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