News Column

Suswam Warns Against Misuse of N500 Million Loan

April 29, 2014

Tor Vande-Acka

Beneficiaries of its N500 million micro, small and medium enterprise credit loan scheme in Benue State have been advised against diverting funds meant for their entrepreneurship to other ventures.

State Governor, Gabriel Suswam, gave the warning while disbursing the loan to beneficiaries at a ceremony at Aper Aku Stadium, Makurdi, recently.

While he decried the low entrepreneurship among the people of the state, the governor stressed the need for beneficiaries to imbibe good entrepreneurship, observing that it will add value to their lives.

Suswam, who pledged government's resolve to continue to improve on the well being of the people through job and wealth creation, reiterated the resolve of government to assist entrepreneurs achieve their desire in the area of business.

At the occasion, the Managing Director, NEXIM Bank, Robert Orya, who spoke on the role of entrepreneurship in the growth of Benue economy, lamented the poor utilization of natural resources in the state.

Orya, who was worried that Benue can become a hub for export with the abundant resources at its disposal, if properly harnessed, noted that if this is embarked upon it would greatly enhance the economy of the state.

The State Commissioner for Commerce and Industry, Atoza Ihindan, explained that Benue entered into an agreement with the Bank of Industry to access the loan.

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Source: AllAfrica

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