The Borno state government in its efforts to empower its citizens is collaboration with Bank Of Industries to give out N2bn as Loan to traders numbering about six thousand.
Thecommittee sadled with the monitoring the disbursement is headed by the Hon commissioner for Trade and Industries, Yerima Lawan Kareto was inaugurated at the Monday Market on Wednesday 10th of June 2020.
Addressing the traders, the commissioner called on them to make use of the opportunity offered them by Prof. Zulum and step to the next level The beneficiaries will variously recieve amounts ranging from 30,000 Naira to One million Naira.
Heexplained that Borno state Micro Finance Bank are the custodian of the Funds also speaking at the occasion was the Manager of the Micro Finance Bank, Bello Ibrahim, who advised the beneficiaries not to go on spending Jamboree of marrying more wives or buying flashy cars.
Heexplained that the loan is interest free and are expected to pay back fifty percent of the amount received.
Other members of the committee include Hon commissioners of Women Affairs, Agriculture Poverty, Youth and Sports, Technology, General Managers of Monday Market Company, Borno Supply Company and representative of the traders some traders had already benefited from the exercise.