The National Directorate of Employment, NDE, and the Central Bank of Nigeria (CBN) are rolling out a N25 billion Agriculture loan scheme to encourage self reliance among Nigerian youths and women.
The Director General of the National Directorate of Employment, NDE, Dr Nasiru Argungu, stated this at the empowerment of 600 trained women and 400 youths in vocational skills, as well the flag off of vocational skills training for 1,000 people in Sokoto where the disbursement of soft loans of N10,000 each was made.
Dr Ladan Argungu explained that no fewer than 5000 persons would benefit from the N780 million earmarked for the state on agriculture.
According to him, the empowerment exercise was under the Micro Enterprises Enhancement Scheme(MEES) aimed at promoting entrepreneurial activities in different trades for self reliance.
It is a drive aimed at sustaining self reliance in order to boost the economy and add value to Nigerians, the Director General said.
He explained that the soft loan being disbursed was collateral free, adding we decided to make it so to ease the difficulties involved for the common man to access.
Dr Argungu said both the trainers and the trainees would be paid stipends to sufficiently achieve the objective of the scheme.
He commended Senator Aliyu Wamakko for complementing the efforts of federal government by personally sponsoring the additional 400 beneficiaries to make up for the 1000.
Our arrangement was 600, but Wamakko personally sought to sponsor additional 400? persons, he added.
The Chairman Northern Senators Forum and the Senator representing Sokoto North Senatorial District, Senator Aliyu Wamakko, said : After the training, we will support the beneficiaries with equipment to drive our self reliant initiative, Senator Wamakko said
The former Governor who is also the Chairman, Senate Committee on Basic and Secondary Education explained that? all these are geared towards productivity and value addition as well to fight idleness and other social vices.
Source: Voice of Nigeria