FG, APC plan enterprise bank for small scale businesses

Isaac Job, Uyo

In her effort to alleviate the burden of sourcing for capital for small scale businesses, the Federal Government has said that the All Progressives Congress (APC) would float an Enterprise Bank to enhance small scale businesses for women and youths if the party is voted back to power in the coming general election. The Vice President Prof. Yemi Osinbajo disclosed this while addressing APC rally held yesterday at Nsit Atai Local Government Area of Akwa Ibom state. Osibanjo said that the bank when established would give loans to youths and women at very low interest rate to improve their businesses He reminded party supporters that when APC was campaigning in 2015 with a promise to provide jobs to five million people the opposition party did not believe, and emphasized that the APC has delivered on their campaign promises. He said “N-Power is only the beginning; we are starting something called the entrepreneur bank. That bank is for giving loans to men and women like this in N-Power who have a plan for the future. “The loans will be given to them at very little interest rate so that they can start their own businesses, and so that they can make progress. “When we said in 2015 that we will start N-Power, they said it is impossible, how can you employ 500,000 people but we have done it. When we said we are going to do home grown school feeding, they never but today we are feeding 9.2 million children all over Nigeria They said it was not possible but home grown school feeding is here. Home grown school feeding used 6.8 million eggs in one week, and we are expanding it. He advised young people to remain focused for more dividends of democracy. “If you are a young man or woman here and you vote for PDP, know that you are living in the past, every young man or woman must go to the next level. If you have voted PDP in the past, apologize and say we are going to the next level, I cannot remain on the same level. The vice president urged Akwa Ibom people not to play opposition, stressing that the state could not avoid playing opposition as it was strategically positioned for development. According to him, palm oil being abundant in the state when properly harness would replace crude oil and boost the economy of the state. “We have found here palm oil which will be a replacement for crude oil, so we are going to be number one in this local government”. “Akwa Ibom should not be in opposition, no reason. There is every reason for you to join so that you become part of the next level. All of the young people who are here, the government of President Buhari is determined to make sure that not only do you have jobs but quality jobs. Osinbajo urged Akwa Ibom people to vote for President Muhammadu Buhari, for brining social investment to improve on the lives of women and youths. Earlier, the APC governorship Candidate in Akwa Ibom, Mr Nsima Ekere while welcoming the Vice President to the State assured the federal government that when elected, he would follow the five points manifesto presented to the people.