In
a bid to empower small and medium scale business owners in the state, Rivers
State Governor, Nyesom Ezenwo Wike has approved the disbursement of business
loans to 35000 less privileged business operators under the CBN N2billion
Micro, Small and Medium Entreprises Development Fund.
Under
the first phase, Governor Nyesom Ezenwo Wike approved a list of 35,000 from the
23 Local Government Areas of the State. Amongst these beneficiaries are
Indigenes and non-indigenes resident in Rivers State.
The
list of beneficiary small and medium scale business owners included: barbers,
plantain sellers, restaurant owners, painters, tailors, hairdressers, traders,
market women, mechanics, fishermen, farmers etc. These are the ordinary folks
committed to developing themselves with the support of the government.
The
empowerment loans approved by the governor is being distributed by the Rivers
State Micro Finance Agency.
The
beneficiaries got their loans in this order:
1)
Cosmopolitan Microfinance Bank: #9 Agudama street, D/line Port Harcourt. This
is for the people of: Opobo/Nkoro, Oyigbo ,Andoni,Asari Toru ,Bonny ,Degema,
Eleme , Gokana , All Traders , Market women and all non Indigenes.
2)
RIMA Growth Pathway Microfinance Bank: Located at Rivers State Secretariat
Complex, Podium Block, Port Harcourt. This is for the people of: Obio Akpor
,PHALGA ,Khana , Okirika and Omuma .
3)
PREMIUM Microfinance Bank: plot 202 Olu Obasanjo Road, Port Harcourt. This is
for the people of: Abua/Odual ,Ahoada East ;Ahoada West ,Emohua ,Ogu/Bolo
,Etche ,Ogba/Egbema/Ndoni , Akuku Toru ,Tai and Ikwere .
The
injection of the N2billion into the businesses of the less privileged in the
state has kick-started the expansion of many of these businesses. The
multiplier effect is already being felt by the people in the lower rung of the
economic ladder. The empowerment programme has led to employment opportunities
as several beneficiaries have expanded their businesses.
Prior
to the disbursement of the loans , Governor Wike organised a training session
for all the beneficiaries on how to effectively use the loans to improve on
their respective businesses.