The Abia State government has announced the commencement of disbursing interest-free loans to 302 youths who were trained in agricultural ventures within the state.
The Commissioner for Information and Culture, Okey Kanu, revealed this on Monday during a press briefing following the state executive council meeting at the Government House in Umuahia.
In February, the government sponsored 302 youths to receive training in various agricultural ventures at CSS Global Integrated Farms in Nassarawa.
The commissioner explained that the loan recipients were part of the government’s initiative to boost food production in the state.
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He said: “The process for the disbursement of the interest-free loans in 302 CSS farms trained youth farmers has commenced.
“This follows the flag off and approval of the disbursement of interest-free money by His Excellency, Dr Alex Otti, sometime in September.”
He said that the state ministry of agriculture would ensure that the disbursement of the loans followed due process to ensure that the purpose for disbursing the funds would be realised.
“Beneficiaries will not be given one balloon payment; rather the disbursement will be in tranches on milestones that will be tied to the level of extent of work done by the beneficiaries.
“All these are to ensure that the loans are adequately utilised,” Mr Kanu said.
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