Industry

BOI Disburse N2Billion Loan To 138 Cooperative Societies In Benue State

BY OUR REPORTER—-The Bank of Industry (BOI) in collaboration with Bank of Industry (BOI) said it has began disbursement of N2 billion loan to 138 cooperative societies in the state.

Disclosing this at a workshop for members of cooperative societies in Makurdi, Gov. Samuel Ortom, who was represented by his Commissioner for Industry Trade and Investment, Tersoo Kpelai, said an additional N358 million had been approved for 78 more cooperative societies.

He added that the project  was aimed at empowering Benue people in their businesses through their respective registered cooperative societies.

He explained that the workshop was meant to educate the people on how to setup businesses, where to locate them and how to make profit from their businesses.

He said that members of the 78 cooperative societies in the state had began to access the N348 million recently approved.

Also, a Manager in the Bank of Industry, Mr Frank Kings, said only qualified candidates would benefit from the loan.

While noting that the only criterion to qualify for the loan is for participants to be registered with any of the cooperative societies.

He urged them to obtain cheque list and submit applications at the ministry of Industry, Trade and Investment to ease the processes.

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