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Oyo traders get N300m interest-free loan

30 December 2013, 16:03

Ibadan - Governor Abiola Ajimobi of Oyo State says all traders in the state’s 33 Local Government Areas (LGAs) will have access to government’s N300 million interest-free loan in January 2014.

Ajimobi gave the assurance at an interactive session with market men and women, held at the House of Chiefs, Parliament Building at Secretariat, in Ibadan.

“Oyo state traders will be entitled to this interest-free loan. The loan will be coordinated by members of the executive organs of the six umbrella bodies of market associations in the state,” he said.

The governor said each of the bodies would receive N50 million, and urged the associations to ensure that the loan revolved among the members.

The President, Oyo State Markets Association, Dauda Oladapo, expressed appreciation to Ajimobi for the loan, assuring that the traders would ensure prompt repayment.

“You are a different governor. We have never had it so good. Your tenure has witnessed a lot of good things for the people of the state. Once you make promises to the people, you ensure you fulfill them,” Oladapo said.

-  NAN


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