A social cultural organization, N’Edo Gheria weekend described the Governor Monday Okpeholo ‘s N1 billion free interest loan to traders in the state as laudable and noted that it will uplift the living standards of the beneficiaries through the initiative.
Governor Monday Okpebholo of Edo State, on Friday, officially launched a groundbreaking N1 billion interest-free loan scheme, a move he emphatically declared as a direct alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda for national progress.
The initiative, designed to inject vitality into grassroots commerce, promises to be a beacon of hope for over 5,000 farmers and small business owners across the state. The atmosphere was electric at the launch event, which was held in Benin City, the state capital.
The National Convener of the group, Comrade Patrick Ebojele in a statement while commending the governor urged the beneficiaries to utilize the fund for the purpose it was meant.
Ebojele noted, “This singular action of the government is expected to improve small scale businesses and other house hold trades.
“What the governor has demonstrated is the basis for seeking a political office, where your words should be your bond.
“The economic implications are that more money is injected into their business and thereby creating more wealth and confidence boosting.
“We enjoined them to invest the money properly into their business concerns so as to spur the Promise keeper to do more”.
