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NDE Disburses Start Your  Own Business Loan To Over 70 Beneficiaries In Sokoto

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NDE Disburses Start Your  Own Business Loan To Over 70 Beneficiaries In Sokoto

BY ANKELI EMMANUEL, Sokoto

The National Directorate of Employment (NDE) Monday commenced the orientation and loan disbursement for “Start Your Own Business” (SYOB) and Micro Enterprise Enhancement Scheme (MEES) to over 77 beneficiaries in Sokoto.

Explaining rational behind the loan, the Head of Department (HOD) of Small Scale Enterprise (SSE) Department of the NDE, Hajiya Hafsat Abdulkadir Abubakar said the agency is ever ready to continue putting smiles on the faces of Nigerians through its numerous programmes. 

She also appealed to all beneficiaries to kindly make judicious use of whatever they are given to become self employed and employers of  labour subsequently.   

Speaking in her goodwill message, Sokoto State Commissioner for Women and Children Affairs, Hon Kulu Abdullahi Sifawa represented by the  Permanent Secretary of the Ministry, Barrister Aisha Dantsoho said NDE has been a long term worthy partner of the State and ministry.

While noting that the NDE has remained a key partner in Sokoto towards enhancing the living standard of the people, Kulu Sifawa said, the beneficiaries should see themselves lucky to have been so favoured.  

She also reminded them that it is a loan and not gift, hence the need for them to pay back in due time for others to also benefit as a revolving fund. “I am glad that for this year, there are a good number of people with disability as beneficiaries,  and that entails gender inclusivity, which we continue to clamour for”. Kulu noted.

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Delivering his keynote address, the Managing Director of NDE, Malam Abubakar Nuhu Fipko represented by the Sokoto State Coordinator of NDE, Malam Mustapha Aliyu Goniri said the introduced  Start Your Own Business scheme is aimed at training graduates of tertiary institutions on entrepreneurship and business management skills. 

Continuing, Malam Fikpo said, the Micro Enterprise and Enhancement Scheme is an innovation introduced by the NDE to help fight poverty and encourage micro enterprise to help boost economic activity in our respective communities. 

While advising that, peoole should embrace self employment, Fikpo maintained that, increase of unemployment in the already over bloated labour market can only result in frustration, rise in anti-social activities such as restiveness, prostitution, robbery, kidnapping and other social ills. 

Continuingly, Malam Goniri, the representative of the Director General of NDE, explained that, they deployed sincere gender inclusiveness in the beneficiaries, including people living with disability as a way of carrying everybody along. 

He also divulged that the beneficiaries are categorized into two with the first being 3 persons of SYOB and 77 in the MEES. 

“The 3 persons for the SYOB will be given 500,000.00 each while the 74 other beneficiaries of the MEES will be given 20,000.00 each”.

He further explained that, repayment for both categories will begin after 6 months. “Those of SYOB will repay in two and half year, while those of MEES will repay within one-year”. 

In their respective vote of thanks one of the beneficiaries, Aisha Mohammed promised that they will make judicious use of the loan. She also assured that, they will repay back by God’s grace for others to benefit as well. 

NDE Disburses Start Your  Own Business Loan To Over 70 Beneficiaries In Sokoto

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