Akwa Ibom State Government has announced that its Free interest loan initiative for traders in markets has been reviewed to place the administration of the fund with the traders’ association, hence guaranteeing more access by intended beneficiaries to the facility.
The State Governor, Mr. Udom Emmanuel, announced the new development, Friday, while addressing a gathering of several traders’ associations across the state at Itam Market, Uyo during a special rally to endorse the PDP governorship candidate, Pastor Umo Eno.
The Governor announced the appointment of three new special assistants on trade and market matters and the promotion of Akparawa Idorenyin Raphael to the position of senior special assistant on trade and market matters.
Governor Emmanuel who was at the market for a thank you visit to the traders’ associations for their support to his administration, expressed satisfaction with the activities of traders in the state and their critical role in sustaining the economy, acknowledging that the economy would not survive without traders.
“Each time I come here you people keep impressing me more and more. There’s so much leadership here, so much good followership, so much love, and unity”, he said.
“I have heard the clamour for more SAs on trade and market matters and the promotion of the SA to SSA. Since the voice of the people, as they say, is the voice of God, I say carry go. Let your SA be promoted to SSA and one SA from each of the three Senatorial Districts, but when you are sending your nominees, at least one must be a woman”.
“I have also heard that interest-free loan has helped people a lot. If an initiative is helpful to the people, it should continue. But, please, this time around, the traders’ associations will manage it, so that more serious traders can be identified.
“I cannot do this from my office, so the BOT of different associations will give us one person each so we can constitute a committee. We will commence the administration of the loan immediately.”