Fubara empowers 3066 SMEs with N4bn soft loan

The launching, which took place at the Dr. Obi Wali International Conference Centre in Port Harcourt on Friday was the beginning of disbursement of Rivers State Government/Bank of Industry Limited N4bn loan scheme for nano, small and medium-scale businesses in the state.

But he said with the scheme, which is a partnership between Rivers State Government and BOI, a surest path had been secured to achieve entrepreneurial success and an enabler of economic prosperity in the state.Fubara said: “Today, we are all here to witness the formal launch and distribution of cheques to 3,066 micro, small, and medium-scale enterprises and 100 companies in the state from all 23 local government areas, including businesses owned by non-indigenes valued at over N3.6billion only.

Fubara recalled that during his electioneering campaigns he promised to support entrepreneurial development and the growth of businesses through access to credit in the form of soft loans.

Source: Loan Digest (loandigest.net)

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