Rivers To Empower Traders, Entrepreneurs With N200m Monthly Interest-free Loans

Gov Nyesom Wike



The Rivers State government has unveiled an economic empowerment programme that would lift the fortunes of hundreds of traders and entrepreneurs directly and other millions indirectly through a trickle down effect the commenced disbursement of interest free loans to traders and entrepreneurs.

According government officials, namely, Emmanuel Okah, the State Commissioner of Information and Communications, Attorney General, Dr. Zaccheus Adango and Special Adviser to the Rivers State Governor on Politics and Strategy, Chief Emeh Glory Emeh who spoke publicly on Thursday after the State Executive Council meeting at the Government House Port Harcourt, the State Government has also disbursed interest free loans to civil servants under the first phase of the programme.

He said that empowerment programme would run on a monthly basis for civil servants in the state.

Also speaking, Special Adviser to the Rivers State Governor on Politics and Strategy, 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 would benefit from the scheme.

Emeh said that 600 traders and entrepreneurs have benefited from the empowerment scheme, while N200m shall be disbursed monthly.

He added the list of all beneficiaries will be published for Rivers people to know the beneficiaries.

On his party, Attorney-General of Rivers State, Dr Zaccheus Adango, said that N34.5Bn invested by the Rivers State Government in IMI Limited was squandered.

He noted that those indicted by the Justice Constance Green Judicial Commission of Inquiry on the embezzlement of the IMI funds would face the full weight of the law.

He said: “The Honourable Attorney General has been mandated to pursue the criminal prosecution of Mr M. Nwokoma, who was the Project Manager of IMI, Dr Chamberlain Peterside and Dr Samson Parker.

“Once the White Paper is published, the Honourable Attorney General will commence the prosecution “.