Tambuwal disburses N2bn interest free loans to Sokoto business community

Sokoto State
Sokoto State

GOVERNOR Aminu Waziri Tambuwal at the weekend said the sum of N168 million had been  paid by the state government as interest on N2billion loans facility disbursed to beneficiary business community in the state by the Bank of Industry.

Tambuwal made the disclosure in Illela town while flagging off  the commencement of disbursement to the categories of business men and women in the state.

The governor said the beneficiaries were categorised into low and high levels, explaining  that N500 million would be given to Low level business men through the state investment company while N1.5 billion  would be given to large scale business men.

According to him, beneficiaries would consist of both indigenous and non indigenous business communities in the state.

While commending Illela local government for supporting the state government on its policies and programmes, Tambuwal also appealed to the business community in the state to always sympathise with fellow brothers and sisters by offering their wares for sale at affordable rate.

Commending the state government for redeeming its pledge of granting the loans to business community in the state, the state Commissioner for Commerce and Industry, Bashir Gidado also appealed to the beneficiaries to endeavour to repay within time frame to enable others benefit.
        
He explained that loan for low level category would be repaid in two years while the high level category would be paid in three years.

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