The Imo State government
says it will commence the disbursement of one billion naira
to operators of Micro, Small and Medium Enterprises ,MSMEs, in the state.
The disbursement plan was disclosed
by the state’s Commissioner for Planning, Iyke Njoku, during an interactive
session with journalists in Owerri, the Imo State capital.
The commissionerexplained that the
loan was obtained from the apex bank to boost and support MSMEs in the state
and hinted that the loan was expected to be repaid within a period of one to
three years.
Njoku, however, said that the loan
would be strictly monitored by the state government to ensure it was not
diverted from the purpose it was meant for
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