The Akwa Ibom State Governor, Pastor Umo Eno, has announced a N1.5bn interest-free loan programme for traders in the state.While launching the initiative on Wednesday, the governor said the loan will be managed by the Ibom Fadama Micro Finance Bank.
The free food voucher for the vulnerable is a key element of the Bulk Purchase Agency Bill that was signed into law a week ago. A Board to handle the process was equally inaugurated. “When leaders are faced with daunting social problems, they usually think outside the box and that’s what motivated me to set up the Bulk Purchase Agency and the free food voucher drive initiative.”, governor Eno said.
“Let me repeat here that this is purely an interventionist act; the solution to our food security remains the need for us to go back to the farm. Yesterday, I paid an unannounced visit to a farm run by one of your young men and I was so impressed with what the young man is doing and we pledge to support him. I will continue to pay visits to farms run by both people in government and others.