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Zulum unveils N1bn support fund for small scale entrepreneurs



Borno State Governor, Babagana Zulum has yesterday unveiled the second phase of his economic support to small and medium enterprises in three local government areas.

A total of N1 billion naira was set aside for disbursement to about 5,000 entrepreneurs from six local governments of Biu, Gowza, Ngala, Monguno, Mobbar and Maiduguri metropolis.

Accountant General

Borno State Government in collaboration with the Bank of industry, equally raised N1 billion for disbursement to entrepreneurs in form of interest free loans. Each party brought N500 million.

Aside launching the economic support in Biu, Zulum distributed over 80 commercial vehicles and tricycles (Keke Napep) to different beneficiaries as part of social protection and livelihood support.

In his remarks at the occassion, Zulum charged the beneficiaries to make proper use of the empowerment package.

The Governor urged the beneficiaries to contribute 50% of the cost of the tricles in three years noting that government will shoulder the remaining 50% of the total amount.

In another development, Governor Babagana Umara Zulum has extended his ban on political thuggery to Biu.

Going tough on Biu, the governor directed security agencies to arrest anyone who exhibit the tendencies of thuggery.

“The Commissioner of Police, the Director SSS, and all the security establishment are hereby directed to arrest anyone that paraded himself as ECOMOG as from 6:00 am tomorrow.

“Any politician who is sponsoring such thugs shall be dealt with accordingly,” Zulum said.