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Okorocha approves N10m interest-free loan for traders

22 August 2013, 09:09

Imo - Gov. Rochas Okorocha of Imo on Wednesday approved the disbursement of N10 million interest-free revolving loan for petty traders at the Orlu International Market.

Okorocha, who announced the approval at a meeting with the traders in Orlu, said the loan was to empower the traders to expand their businesses.

He said the traders were also expected to compete favourably with their counterparts across the state.

Okorocha said his administration had resolved to ensure that all markets in the state were well equipped with necessary facilities.

According to him, the move is because about 70 per cent of the people are traders and spend more time in the market.

He also announced the establishment of a limited liability company to be known as Imo Market Nig. Ltd.

The company, he said, was expected to help in meeting the needs of the traders and to ensure that monies collected from markets were used for their development.

Okorocha urged the traders to guard against importing and selling contraband goods.

Earlier, the president of the Orlu Amalgamated Traders Association, Uche Osunkwo, commended the leadership quality of the governor.

He thanked the governor for having the interest of traders at heart by making funds available for them to run their businesses.

On behalf of the traders, he promised to always support the development strides of the state government.



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