Bauchi Govt To Disburse N1bn Interest-Free Loans to traders.

The Bauchi State government has inaugurated a committee to manage the disbursement of interest free loans of N1 billion to traders across the 20 local government areas of the state.

Inaugurating the committee on Wednesday in Bauchi, Governor Mohammed Abubakar charged members of the committee to discharge their responsibilities honestly by ensuring that the loans were disbursed fairly across the State.

He said that the disbursement of the loans was timely considering the efforts of the administration in its fight against poverty, youth restiveness, unemployment and hunger.

“In realisation of the weak financial position of our business men in the state, the present administration decided to support the business communities in the state with access to interest free loans for equitable, objective and useful disbursement to the beneficiaries across the t20 local government areas across the state.

“In this light, the government decided to set up a committee that is saddled with the responsibility of implementing and articulating the criteria of selecting the potential beneficiaries of the loans, void of sentiments,” he said.

In his remarks, the chairman of the Bauchi Traders and Marketers’ Association, Alhaji Umar Azare, commended the government for providing the loan with zero interest, assuring that the loans would be repaid as agreed.

Responding, the chairman of the committee, Alhaji Ado Yakubu Wanka, thanked the government for finding them worthy of carrying out the task of disbursing the loans, saying that they would justify the confidence reposed on them by the government.

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