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  • Business - Economy
  • Updated: May 03, 2024

Govt unveils plan to provide loan for disabled persons

Govt unveils plan to provide loan for disabled persons

James Lalu, the Executive Secretary of the National Commission for Persons With Disabilities, has revealed that it is working with the Bank of Industry to provide low-interest credit facilities to persons living with disabilities.

Lalu made this statement on Thursday at the launch of the Strengthening Access to Business Education and Inclusion-Woman project in Lagos.

According to him, this would improve the livelihood of people living with disabilities, who usually find it difficult to access funding

He said, “We are in discussion with the Bank of Industry to offer loans at a low interest rate. We tried it in the last administration and this current administration is seemingly giving us some green light. As soon as we can remove this barrier, we will have credit facilities from N1m to N10m without collateral for persons with disability. This is an opportunity for us to take up this money and invest it meaningfully

He added that his agency looked forward to working with Access Bank to create more solutions for those living with disability

“There are certain requirements, like acquiring accessibility certificates, to guarantee that your buildings and your environment are conducive for persons with disabilities. Very soon, the Central Bank of Nigeria will come up with guidelines on accessibility by banks

“We are waiting for the approval of the President, which we are hoping, by the grace of God, will come out before this weekend. Once it comes out, it will go around stakeholders and we will come up with a regulation enabling us to seal offices not complying,” he added.

 

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