By Ogaga Ariemu The National Directorate of Employment (NDE) has disbursed N1,480,000 as loans to 74 beneficiaries of its 2022/2023 ...
By Ogaga Ariemu
The National Directorate of Employment (NDE) has disbursed
N1,480,000 as loans to 74 beneficiaries of its 2022/2023 Micro Enterprise Enhancement
Scheme (MEES) in Ondo State.
According to the News Agency of Nigeria, while disbursing
the money on Tuesday in Akure, Olusegun Adelodun, NDE State Coordinator,
explained that the beneficiaries were drawn from the 18 local government areas
of the state.
Adelodun said that one of the strategies adopted by NDE for
job creation was promoting Small Scale Enterprises, noting that Small Scale
Enterprises play pivotal roles in developing countries’ economic growth and
national development.
He explained that the Micro Enterprise Enhancement Scheme
(MEES) was essentially designed to enhance the operational capacity of existing
micro-enterprises as a means of wealth creation.
The NDE state coordinator said that the beneficiaries, who
were operators of existing micro-enterprises, received a micro-loan package to
expand their businesses and improve their earnings.
“On behalf of the Director General of the NDE, Mallam
Abubakar Nuhu Fikpo, we are essentially gathered here today to disburse a loan
package of N20,000 each to 74 beneficiaries of MEES.
“It is crucial to state that this loan package is expected
to be paid back with interest according to the agreement forms filled and
submitted by the beneficiaries. The loan repayment is expected to start after the
stipulated months of a moratorium,” he said.
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