• Home
  • News
    • Nigeria
    • Africa
    • Middle East
    • World
    • Features
    • Interviews
    • New Edition
    • Muslim News
  • Analysis
    • Islam & Media
  • Perspectives
    • Opinion
    • Press Releases
    • Editorial
    • Letters
    • Al-Fahm
  • Islam-tainment
    • Sports
    • Arts
    • Poetry
  • Multimedia
    • Audio
    • Video
    • Photos
    • Investigations
  • iGuide
    • Testimony
    • Salah
    • Zakat
    • Fasting
    • Muslim Personalities
  • Contact Us
    • Submit Article
    • How to place your advert on Muslim News
Saturday, May 28, 2022
Muslim News Nigeria
  • Home
  • News
    • Nigeria
    • Africa
    • Middle East
    • World
    • Features
    • Interviews
    • New Edition
    • Muslim News
  • Analysis
    • Islam & Media
  • Perspectives
    • Opinion
    • Press Releases
    • Editorial
    • Letters
    • Al-Fahm
  • Islam-tainment
    • Sports
    • Arts
    • Poetry
  • Multimedia
    • Audio
    • Video
    • Photos
    • Investigations
  • iGuide
    • Testimony
    • Salah
    • Zakat
    • Fasting
    • Muslim Personalities
  • Contact Us
    • Submit Article
    • How to place your advert on Muslim News
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • Middle East
    • World
    • Features
    • Interviews
    • New Edition
    • Muslim News
  • Analysis
    • Islam & Media
  • Perspectives
    • Opinion
    • Press Releases
    • Editorial
    • Letters
    • Al-Fahm
  • Islam-tainment
    • Sports
    • Arts
    • Poetry
  • Multimedia
    • Audio
    • Video
    • Photos
    • Investigations
  • iGuide
    • Testimony
    • Salah
    • Zakat
    • Fasting
    • Muslim Personalities
  • Contact Us
    • Submit Article
    • How to place your advert on Muslim News
No Result
View All Result
Muslim News Nigeria
No Result
View All Result

Gov Zulum launches N1bn interest free loan to small scale businesses

Muslim News Nigeria by Muslim News Nigeria
July 16, 2020
in Muslim News, News
0
Gov Zulum launches N1bn interest free loan to small scale businesses

Borno State Governor, Babagana Umara Zulum Wednesday launched the disbursement of one billion naira loan scheme to small and medium scale businesses in Borno State.

Our correspondent who witnessed the occasion reports that the beneficiaries are mostly women groups, trader unions and associations who are serving as sureties for their members.

The loan according to the governor is one billion naira first tranche of two billion naira loan to small and medium scale entrepreneurs by the Borno State Government in collaboration with Bank of Industries put together by the Borno Renaissance Micro Finance Bank Limited.

Zulum informed that the loan is targeted at Small and Medium Scale Entrepreneurs in the state that have been affected by the Boko Haram insurgency and the recent COVID 19 disease.

He noted that the credit facility will revive business activities in Borno State, encourage employment opportunities in the private sector as well as expand the sources of income of the teaming unemployed youths in the state.

“Today, 15,861 individuals who are members of 12 Trade Union and Associations are expected to benefit from this disbursement amounting to N994,930,000.00. This loan is interest free and its payable in 4 years with moratorium period of 6 months within which business are expected to pick up and generate profit,” Zulum announced.

He called on the Associations to monitor their members and ensure that the monies are recovered, stressing that, “any individual who is able to settle the disbursed amount within the stipulated time shall enjoy 50% waiver and shall automatically qualify for another loan.”

The governor also announced that his government is in high level talks with the Central Bank of Nigeria, African Development Bank and the Islamic Development Bank to create more widows of opportunities for small and Medium Scale farmers in the state.

He urged that beneficiaries to make good use of the money by investing it into businesses and not use it for personal consumption.

Source: The Nation

APPLICATION FOR 2022 HAJJ LICENCE AND SLOT ALLOCATION FOR TRAVEL AGENCIES

IN PICTURES: What led to the establishment of Muslim News, Nigeria’s most authoritative Islamic Newspaper

SUPPORT MUSLIM NEWS NIGERIA

With your generous financial contributions to MUSLIM NEWS, you are helping to sustain a culture of journalistic integrity that promotes tranquil Islamic values and ensures it remains free and available to all.

* are compulsory
cardlogos

BANK TRANSFER

Rawshield PR Company

0568624004

Guaranty Trust Bank

Post Views: 1,167
Tags: Borno StateGov. Zuluminterest free loan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Muslim News, a publication of Rawshield PR Media, is a mouthpiece for underreported Muslim achievers and events in Nigeria and across the world, which are never given prominence in the mainstream media.

Email: info@muslimnews.com.ng
Tel: +234 805 240 4597

Our Mission

To give special media attention and coverage to important people and events in the life of Muslims that do not gain mainstream media attention, and to change the media narrative of blaming Islam and Muslims for offences committed in its lofty name.

About Us

Muslim News, a publication of Rawshield PR Media, is a mouthpiece for underreported Muslim achievers and events in Nigeria and across the world, which are never given prominence in the mainstream media.

Email: info@muslimnews.com.ng
Tel: +234 906 869 5152

Our Mission

To give special media attention and coverage to important people and events in the life of Muslims that do not gain mainstream media attention, and to change the media narrative of blaming Islam and Muslims for offences committed in its lofty name.

Editorial Policy

We shall be fair to all persons, irrespective of their religions and ideologies, as long as that promotes the image of Islam and unites the Muslims. We shall also uphold the ethical standards of journalism, as allowed by Islamic ethics.

Support Muslim News

Rawshield PR Company

0568624004

Guaranty Trust Bank

  • Home
  • News
  • Analysis
  • Perspectives
  • Islam-tainment
  • Multimedia
  • iGuide
  • Contact Us

© 2022 Published by RawshieldPR - Designed by: STAINLESS COMPUTERS.

No Result
View All Result
  • Home
  • Latest News
  • Nigeria News
  • Africa News
  • Middle East News
  • World News
  • Sports News
  • Submit Article
  • Support Muslim News Nigeria

© 2022 Published by RawshieldPR - Designed by: STAINLESS COMPUTERS.

Close

NAHCON Advertorial

APPLICATION FOR 2022 HAJJ LICENCE AND SLOT ALLOCATION FOR TRAVEL AGENCIES (click to download)

MN-NAHCON ad (1)
MN-NAHCON ad (2)