Non-indigenes can access Wike’s monthly N200m interest-free loans


– Gov eager to disburse loans to civil servants

The Rivers State Government has resolved to open the window of financial access for small businesses to non-indigenes in the state, too. This was sequel to a cainet meeting held on Friday, not on the usual Wedndays.

Thus, the state government stated that the monthly N200million interest free loans reserved for traders and young entrepreneurs will be accessed by indigenes and non-indigenes alike.

The meeting which was presided over by Rivers State governor, Nyesom Wike, noted that the loan facility is aimed at boosting the economy of the state.

In an interview with journalists after the State Executive Council meeting on Friday, Information and Communication Commissioner, Emma Okah said: “On the Monthly N200million Interest Free Loans for traders and young entrepreneurs, council said that it must be made available to indigenes and non-indigenes.

“The terms of the loans will be flexible to generate business activities and profits for the beneficiaries.  The loans will also enhance the economic wellbeing of the traders and young entrepreneurs”.

He stated that council directed the State Executive Council Committee on Civil Servants loans to expedite action on their work, so that disbursement can begin in earnest.

On the third anniversary of the Wike administration, the State Executive Council discussed dates for the commissioning of completed projects.

The commissioner added that other aspects of the third year anniversary celebrations such honours for deserving persons, anniversary lecture  and variety night for youths were discussed at the meeting.