Borno disburses N39.2 m loan to 1, 307 traders to boost SMEs


Prof. Babagana Zulum Governor of Borno state

By Rabiu Sani

Borno State Government on Saturday, began disbursement of N39.2 million loan to 1, 307 traders, to encourage the growth of Small and Medium Scale Enterprises(SMSEs) in the state.

Gov. Babagana Zulum inaugurated  the disbursement at the Custom Market in Maiduguri.

The  governor said the micro credit loan scheme was also to support petty traders, Small and Medium Scale Enterprises (SMEs) and  boost their operations.

Zulum disclosed that over 10, 000 traders and businesses were targeted to participate in the scheme before the end of 2019.

He said that the beneficiaries  were selected, under the first phase of the programme at the Custom, Budum, Metro and Monday Markets in Maiduguri.

Zulum explained that each of the beneficiaries would receive N30, 000, to finance businesses, adding that government had evolved proactive measures to ensure continuity and sustainability of the programme.

According to him, the state…

Source: News Agency of Nigeria