Anna OkonThe Bank of Industry has disbursed micro-credit loans ranging from N50,000 to N100,000 to over 7,000 beneficiaries in Cross River under the Federal Government’s Enterprise and Empowerment Programme . Toyin explained that GEEP was one of the social intervention programmes of the Federal Government executed by the BoI to facilitate easy access to interest-free loans for market women, traders, farmers, cooperatives and youths. The loans are payable over six months and they are payable in weekly instalment so that it can be easy for the beneficiaries. She further said that the bank disbursed about N185m to over 3,840 beneficiaries across 105 associations in Cross River State in 2017. The Cross River State Commissioner for Women Affairs, Mrs. Stella Odey, was quoted as saying that the initiative had engaged women and youths in the state in meaningful activities.

Source: Punch January 25, 2018 23:26 UTC