Business
Fubara’s N4bn Loan, Calculative – Royal Father
The Eze Oha Evo III, HM King Leslie N. Eke, JP, has described Governor Fubara’s N4 billion business loan as a timely intervention given its commencement at the peak of the 2024 farming season.
The Eze Gbagbaka, who stated this in a chat with newsmen at his palace in Woji, Obio/ Akpor Local Government Area, said such was a great testimony of the Governor’s determination to reshape the state.
According to him, most of the beneficiaries are seasoned farmers who are willing to go back to their businesses with a target to utilise the loan for the planting season.
He also noted that farmers are the nucleus of every society and should always be brought to the front burner of any positive venture by the government or individuals.
He recalled how farming has over the years catered for both the small and mighty in human environment.
“During my father’s school days, all his term papers were always on the local production of Palm oil in his community (Woji). He actually did well because only he knew how palm oil is produced in his place”, he said.
He stated that farming should be every one’s business in order to help and hit the target of food security.
The Monarch charged the beneficiaries not to squander the said loan as such would project them in a bad light.
On the title of the scheme, “Touching Lives, Creating Wealth”, he said it was in order considering the present economic hardship in Nigeria.
About 3,066 micro, small, and medium-scale enterprises benefitted from the N4billion matching fund loan scheme of the Governor Fubara-led administration.
The Tide learnt that about 100 companies in the state from all the 23 Local Government Areas, including businesses owned by non-indigenes, were beneficiaries.
King Onunwor
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