1 month ago
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The Abia State Government says it has commenced the disbursement of interest-free loans to 302 youths trained on agriculture in the state.
The Commissioner for Information and Culture, Okey Kanu, disclosed this on Monday during a press briefing on the outcome of the State Executive Council meeting at the Government House, Umuahia.
The News Agency of Nigeria reports that the state government sponsored 302 youths to receive training in various agricultural ventures at CSS Global Integrated Farms, a Nasarawa-based farm, in February.
The commissioner said that the loans’ beneficiaries were sponsored for the training as part of the government’s measures to boost food production in the state.
He said: “The process for the disbursement of interest-free loans in 302 CSS farms trained youth farmers has commenced.
“This follows the flag off and approval of the disbursement of interest free loans by Governor Alex Otti sometime in September.”
READ ALSO: Abia pensioners beg Otti to revisit agreement on retirement benefits
He said that the state Ministry of Agriculture would ensure that the disbursement of the loans followed due process to ensure that the purpose for disbursing the funds would be realised.
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“Beneficiaries will not be given one balloon payment. Rather, the disbursement will be in tranches on milestones that will be tied to the level of extent of work done by the beneficiaries.
“All these are to ensure that the loans are adequately utilised,” Mr Kanu said.
(NAN)
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