GRASSROOT VANGUARD FOR DICKSON COMMEND GOV DICKSON FOR LAUNCHING A N50M MICRO FINANCE REVOLVING LOAN SCHEME FOR MARKET TRADERS, AS HE PRESENTS N25M TO KICK START SCHEME IN 2 MARKETS
The Grassroot Vanguard for Dickson has commended the Governor of Bayelsa State Hon. Henry Seriake Dickson for launching a N50m revolving loan scheme for market traders in the state over the weekend.
The commendation came on Wednesday the 25th day of March 2015 by its state coordinator Chief Olalibo Osain Ibokolo (vii) describing the Gorvernor as a visionary leader. He said that the launching of the scheme is geared towards empowering traders at the grassroots as well as boosting the local economy in the state. He urged beneficiaries to make judicious use of the fund.
His words. “A revolving loan is a financial measure primarily used development and expansion small scale business particularly for those who have no credit history or other types of loans from financial institutions. You are therefore required to pay back in other to create the opportunity for others to benefit as well.
“I want traders to take advantage of the loan provided by the Restoration Government under the able leadership of Hon. Henry Seriake Dickson, as he has promise to do more if the loan is properly utilized by the market traders in the State, I believe the time for empowerment has come”
“The Governor of Bayelsa State over the weekend presented an instrument of N25m as a revolving loan to traders in the Swali and Kpansia markets in Yenagoa.The amount is part of an initial N50 million micro finance revolving loan scheme for market traders, the Governor is also expected to visit other markets later to disburse the remaining sum of N25 million, this is commendable” He said
Presenting the instruments to the Traders Associations, during a visit to the markets, Governor Dickson, who presented an instrument for N20m to the Swali and N5m to the Kpansia market Traders Associations, explained that, it is a revolving loan scheme to help them improve their businesses as well as boost the State’s economy.
The Governor also urged the leaders of the market associations to liaise with the State owned Izon Ibe Micro Finance bank, which will guide them in administering and facilitating the process to the benefit of their members.
Governor Dickson also disclosed that, due to the importance the government attaches to the welfare of traders, it intends to open outlets of the Izon Ibe Micro-Finance Bank Limited in the various markets to render banking services and support indigenous businessmen and women.
According to the Governor. “The office of the Commissioner of Trade, Industry and Investment is open to all traders in the market to give you support in your businesses. Soon the Izon Micro-finance Bank Limited will soon be launched and a branch will be built within the market premises.
Chief Olalibo Osain Ibokolo
State Coordinator, Grassroot Vanguard fo Dickson
25th March 2015.