MSMEs to get interest free loans in Akwa Ibom

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The Akwa Ibom state government has concluded plans to give 1,000 operators of small and medium enterprises (SMEs) interest free loans for expansion.

Governor Udom Emmanuel explained that the initiative is to boost industrial activities and job creation. He said that providing this funds for the SMEs will stimulate economic activities which is capable of creating thousands of jobs for the people.

The Chief Executive Officer, Basion Nigeria Limited, Mr Bassey James, applauded the initiative of the governor in boosting the growth of SMEs. He said this is an active way to create job and provide empolyment in the country. He further said “Udom’s effort in giving SMEs shows that he is taking pragmatic steps to resuscitate industries that went under, in order to boost productive activities in the state.

He went on calling all Akwa Ibom Indigenes in diaspora to support the governor in developing the state. He urged the youths to be engaged in this exercise so that they can learn skills such as the Information Communications Technology (ICT), mechanics, tailoring, hair dressing, wood-work/ furniture making, soap making and many others.

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