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B N W: Biafra Nigeria World News |
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Delta grants N93.6m loan to unemployed graduatesA total of N93,676,590, has been disbursed by Delta State Government under the unemployed graduates self-employment loan scheme. The state Commissioner for Commerce and Industry, Mr. Edewo Omonemu who stated this at Asaba on Tuesday said 155 graduates of tertiary institutions had benefited from the loan scheme. According to him, the loan programme commenced in 2001 and �the state government is vigorously pursuing it to ensure that graduates of the state origin are gainfully employed.� He said under the Direct Lending Scheme, small scale entrepreneurs would get between N250,000 and N1 million. Furthermore, under the equity government would help ailing industries to boost the capacity usage of on-going industrial concerns. The commission said N50 million has been released to qualified Small and Medium Enterprises (SME). Under the Motorcycle Loan Scheme, he said 500 persons benefited in 2002, stressing that it was given out to 20 beneficiaries from each of the 25 local government councils in the state. On co-operative movement, he said there were 5,262 registered co-operatives in the state adding that the co-operatives had membership of 298,035 and paid up shares of N610,764,890.
Wednesday, July 14, 2004 |
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