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Zulum Disburses N154m To 704 SMEs In Borno
Borno State Governor, Babagana Umara Zulum has disbursed N32 million cash to 704 small and medium-sized enterprises (SMEs), bringing to N154 million the amount given by the governor in the last one week, to boost small businesses, stimulate the local economy and fight poverty.
Distribution took place along Damboa road where 304 persons in small businesses received N50,000 each, and at Kulo Gumna at which 400 more, benefited the same N50,000 each. Both places are in Maiduguri.
A total of N35.2 million naira was disbursed to entrepreneurs in Sunday’s exercise. Before it, N75 million was earlier distributed to cola nut sellers, N20 million to traders around Dandal and another N24 million to traders operating around Customs roundabout in Maiduguri. Each of the beneficiaries also received N50,000 to boost their small businesses.
At Sunday’s programme, Zulum charged the beneficiaries to make proper use of the empowerment package given to them. He said the disbursement was in fulfillment of his campaign promises to the people.
Speaking to journalists, the governor said: “We want to empower them, you are aware that many of our people have completely lost their means of livelihood as a result of the insurgency.
Read Also: Zulum Donates ₦10,000 Relief Cash To Nigerian Refugees In Chad
“Empowerment is one of the items in our 10 pact agenda, so in fulfillment of our campaign promises we have to empower our people so that they can be gainfully self-employed. I appeal to the beneficiaries to make judicious utilization of the little we have given them so that it can grown and make some impact.”
Before Zulum’s distribution, General Manager of Borno Renaissance Microfinance Bank, Dr. Bello A. Ibrahim said over N1 billion has so far been disbursed within one year, to various clubs and associations.
In December 2019, N384m was distributed to empower street beggars while in January 2020, N515m was disbursed in ‘cash for work’ programme in which 2,862 members of “Ecomog”, an outlawed political thuggery group, were paid N30,000 each month for a half of the year. The youths received payments for
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