Presidency disburses loans to 23,400 persons

 
   Spokesman to the vice president, Mr Laolu Akande, who disclosed this in a statement yesterday, did not disclose the exact amount disbursed.


   The Federal Government has disbursed loans to 23,400 beneficiaries in 13 states and the Federal Capital Territory under its enterprise and empowerment programme.


   He only said the loans ranged from N10,000 to N100,000 per applicant and would be paid directly to individuals who were expected to belong to registered associations or co-operatives “to ensure that they are peer-endorsed as credible”.

    The vice president’s aide listed the benefiting states as Adamawa, Akwa Ibom, Delta, Ekiti, Kogi, Kwara, Niger, Lagos, Osun, Ogun, Oyo, Ondo and Rivers.

   He noted that over one million people had enrolled for the micro-credit scheme across the nation and were expected to benefit this year.