Fg disburses n15m micro loan to 1500 women in kebbi

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FG Disburses N15m Micro Loan to 1500 Women in Kebbi

The Federal Government has disbursed a sum of N15 million micro loan to 1500 women in Kebbi State as part of its efforts to empower women and promote economic development in the country.

The loan, which was disbursed through the National Directorate of Employment (NDE), is aimed at providing financial assistance to women who are engaged in various economic activities such as farming, trading, and small-scale manufacturing.

According to the Director-General of NDE, Dr. Nasiru Argungu, the loan is part of the government's efforts to reduce poverty and unemployment among women in the country. He said that the loan will enable the women to expand their businesses, create jobs, and improve their living standards.

The beneficiaries of the loan, who are mostly petty traders, farmers, and artisans, were selected through a rigorous process that involved application, screening, and verification. Each beneficiary received a loan of N10,000, which is expected to be repaid within a period of six months.

The Kebbi State Governor, Senator Abubakar Atiku Bagudu, who was represented by his Deputy, Alhaji Samaila Yombe, commended the Federal Government for the initiative, saying that it will go a long way in empowering women and promoting economic development in the state.

The Governor also urged the beneficiaries to use the loan wisely and repay it promptly, so that more women can benefit from the scheme in the future.

The disbursement of the loan was witnessed by officials of the NDE, the Kebbi State Government, and other stakeholders in the state.

It is expected that the loan will have a positive impact on the lives of the beneficiaries and their families, and will also contribute to the overall economic development of the state.