Hon. Francis Nwifuru, Governor of Ebonyi Sunday said his Government has released the sum of N50m naria soft loan to assist traders and local business owners in the state.
The 50m Naria loan is a palliative measure to cushion against the effects of fuel subsidy removal.
Governor Nwifuru made this known while flagging off the distribution of palliative during the 1st October independence celebration in Abakaliki.
“Ndi Ebonyi, we are aware of the current troubling economic times in the country. We feel your pinches as well because we are in it together.
“As part of measures to cushion the effects of the economic challenges, I mentioned earlier in this address, that our Government released N50m loan to assist traders and local business people.
“In addition to this, we have palliative items from both our Government, re-bagged 10kg rice of the National Food Security Council and National Emergency Management Agency (NEMA), and Special National Economic and Livelihood Emergency Intervention (SNELEI).
“Today, we are flagging off the distribution of these palliatives and I want to assure all of you, my people, that no kobo from this fund will be misused.
” The items will be shared judiciously. These palliatives will be shared in a way that favors both the middle class and the poorest of the poor among us.
Food items, food condiments, household items, and toiletries, were among the items distributed.
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