Gov Eno splashes N1.5bn interest-free loan on traders

As part of measures to ease the rising cost of commodities in the country, a 1.5 billion naira interest-free revolving loan scheme has been instituted for all traders in Akwa Ibom.On the request from the Itam market traders, the Governor approved immediate execution of internal roads, drainages, borehole water modern toilet facilities, and solar street lights at the market, and warned that once in place, Government would no longer condone street trading by traders.

Earlier, the Chairman of Bulk Purchase Agency, Dr. Dan Akpan, Commissioner for Agriculture and Rural Development, Dr Offiong Offor, the Senior Special Assistant to the Governor on Traders Matters, Mr Idorenyin Raphael, and representative of traders, Godwin Ebong- President of Itam Traders Union and Madam Magdalene Udom, State Woman Leader of the trader‘s union, appreciated the Governor for embarking on the scheme and pledged their resolve to ensure they worked hard for the success of the food intervention programme.

Highpoints of the ceremony are the presentation of food vouchers to some vulnerable persons from Itu local government area, while other local government areas in the State are expected to carry out their flag-off next Tuesday.

Source:

Tribune Online