As part of measures to ease the rising cost of commodities in the country, a N1.5 billion interest free revolving loan scheme has been instituted for all traders in Akwa Ibom state.
Under the scheme, 500 million naira is earmarked for traders in each of the three senatorial districts of the state.
Governor Umo Eno made the announcements while flagging off a food security programme for the vulnerable and the poor at the Itam Market, Itam in Itu local government area Wednesday.
The governor who tagged the scheme, ARISE Free Food, emphasized his administration’s commitment to the wellbeing of the downtrodden and said he will continue to develop policies geared at lifting the poor from a state of despair.
Pastor Eno announced the appointment of three senior special assistants to the governor on Traders Matters to cover the three senatorial districts of the state, and ten special assistants on traders matters to cover the ten federal constituencies of the state.
He said the traders’ credit facilities, will be made available to the traders through the state owned, Ibom Fadama Micro Finance Bank and urged the traders to open accounts in the bank.
