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    • News - South East - Imo
    • Updated: April 28, 2022

    NDE Disburses N4.5 Million To 228 Artisans In Imo

    NDE Disburses N4.5 Million To 228 Artisans In Imo

    NDE Disburses N4.5m To 228 Artisans In Imo

    The National Directorate of Employment (NDE) has disbursed loans of N4,560,000 to 228 artisans in Imo.

    Director-General of the NDE, Mallam Abubakar Nuhu-Fikpo, who disbursed the funds in Owerri, on Thursday, said that the initiative was part of the Federal Government’s efforts to stem the tide of unemployment in the country.

    Nuhu-Fikpo, represented by the Imo Coordinator of the NDE, Ngozi Ihenacho, added that the loans were part of the Directorate’s Micro Enterprises Enhancement Scheme, an initiative of its Department of Small Scale Enterprises (SSE).

    He said that beneficiaries of the scheme were graduate artisans from NDE training programmes as well as other artisans that had established businesses in the state.

    He added that each of the beneficiaries would receive N20,000 to be disbursed through their various bank accounts, which would be repaid in three months.

     “As part of the Federal Government’s efforts at job creation and poverty reduction, a total sum of N20,000 will be given to each artisan, payable through bank accounts.

     “I advise you to use the money judiciously as you will be required to repay the loan in three months,” he said.

    Speaking, the Directorate’s Director of SSE, Sunday Apakasa, said that the scheme was intended to empower artisans to expand their businesses for increased output.

    Apakasa, represented by the Directorate’s Head of Department for SSE in Imo, Nonye Ohanu, added that the beneficiaries were expected to have existing businesses in identifiable locations prior to the disbursement.

    “The loan will be used to expand your various businesses with a view to increasing the number of persons employable by the business.

    “This means that you should already have a business before qualifying to receive the loan,” he said.

    One of the artisans, Chukwumaeze Chukwuka, a painter, who spoke on behalf of the beneficiaries, thanked the NDE for the initiative and pledged to put the money to its best use.

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