FG GIVES N4.2 MILLION LOAN TO 42 EBONYI YOUTHS TO FARM

In the meantime, 42 rural farmers in Delta State have received N4.2 million revolving agricultural loans from the National Directorate of Employment, NDE.

Speaking on behalf of the beneficiaries, Mr Celestine Onyehazia, thanked the NDE for granting them access to the loans and pledged their collective resolve to pay back in time.

Addressing the beneficiaries, the Director General of the NDE, Mallam Abubakar Fikpo, noted that the exercise marks the commencement of loan disbursement for the four different agricultural loans under the Rural Employment Promotion (REP) Department in the state.

The Director General who was represented by the Deputy Director of Human Resources in the NDE, Abuja, Mrs Kate Oyoyo, revealed that the flag-off of the loan disbursement in Asaba was to combat mass unemployment in the country as the responsibility of NDE.

He noted that the development is contributing positively to the development of the youths as well as the economy of the nation.

On his part, the NDE Acting State Coordinator, Mr Sylvanus Onyeogo, thanked the Director General for approving the loans noting that all 42  beneficiaries in Delta state have been trained in their respective schemes under the REP programmes which informed the distribution of the loans to support them grow their agribusinesses.

He therefore urged beneficiaries to effectively use the loan for the purpose for which it is obtained and to pay back at the stipulated time to enable others’ benefit.