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Rivers State Govt. Begins Interest Free Loans



In line with the pledge of Governor Nyesom Ezenwo Wike, the Rivers State Government has commenced the disbursement of interest free loans to traders and entrepreneurs.

The government also announced that it will prosecute those indicted by the Judicial Commission of Inquiry that investigated the management of funds of the Integrated Medical Industries (IMI) Ltd.

The resolutions of the Rivers State Government were made public by the

State Commissioner of Information and Communications, Emma Okah, the State Attorney General, Dr Zaccheus Adango and Special Adviser to the Governor on Politics and Strategy, Chief Emeh Glory Emeh on Thursday after the State Executive Council meeting at the Government House.

Okah said that the State Government has also disbursed interest free loans to civil servants under the first phase of the programme. He said that empowerment programme will run on a monthly basis for civil servants in the state.

Also speaking, Chief Emeh Glory Emeh said that the interest free loans for entrepreneurs and traders have been disbursed for 12 Local Government Areas. He said that under the second phase of the exercise, 11 Local Government Areas will benefit from the scheme.

Emeh said 600 traders and entrepreneurs have benefited from the scheme, while N200million shall be disbursed monthly, adding that the list of beneficiaries will be published for Rivers people to know.

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