1Billion Naira Interest-free Loans to be Disbursed to Traders in Bauchi 

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In an effort to encourage businesses and wealth creation in Bauchi State, the state government has inaugurated a 13 man committee to manage the disbursement of interest free loans of 1 billion naira to traders across the 20 local government area of the state.

Inaugurating the committee on Wednesday at the Government House in Bauchi, the State Governor, Mohammed Abubakar, urged members of the committee to discharge their responsibilities judiciously by ensuring that the loans are disbursed to all deserving beneficiaries in the state.

He said that the disbursement of the loans was timely considering the efforts of the present administration in it’s fight against poverty, youth restiveness, unemployment and hunger eradication.

“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 twenty 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 for business men in the state, assuring that the loans will be paid 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 will justify the confidence reposed in them by the government.