Approval of N2 Billion Loan For Artisans

Approval of N2 Billion Loan For Artisans: Recent research on youth empowerment has led us to know about N2billion loan approval to the artisans in Imo state.

This was disclosed to journalists in Owerri on Tuesday, by the Commissioner for Labour and Productivity, Ford Ozumba, while unveiling the Imo 2022 Entrepreneurial Product Expo in partnership with CBN.

He said the Imo State government approached the CBN and was considered qualified to get the approval for the CBN loan.

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Approval of N2 Billion Loan For Artisans: The Commissioner’s Explanation

The Commissioner explained that;

“The project was conceived to expose artisans of the state origin to trade, assist them to use their knowledge to migrate into the digital socio-formation, create structures and systems that would engage the youths into productive sectors as well as for them to train others to alleviate poverty and contribute in the efforts to improve the economy of the state.”

“The money is in partnership with CBN, the CBN has approved N2billion for Imo State. The money is not with us. It is in the bank. Also, it will be disposed to youths in the trade. It is a loan from the CBN. The CBN has a facility for this project.

We approach them and they said I was qualified. The money will be given to artisans. These artisans are already made.

The artisans have associations we are working with So, so as part of the activities for this project, we have a project starting on the 10th of May 2022, a weekly event, the first Imo State innovation and entrepreneurial exhibition in Owerri.

The state is blessed with several talented artisans and accomplished industrialists whose products such as solar energy, and cold rooms compete favorably with foreign products, but are not exposed to the outside world for patronage”.

He also said:

“We want to put our people on exhibition to showcase their talents, skills, ingenuity, and creativity and with a well-designed structured technology to expose this to the international community. They would be motivated to export their products and help our economy to grow” .

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