Okene LGA Administrator Hon. Abdulrazaq Partners BOA, Empowers 670 Persons in Kogi Central, as bank disburses over N57 million to groups, individuals 

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The North Central Zonal Manager of Bank of Agriculture (BOA) Ameh Owoicho, has said, that the bank has empowered 670 persons in Kogi Central by providing them with start-up funds for their businesses ranging from N30,000-N50,000 in the last one.

 

He added that, the bank has also linked 2189 households to financial services within the last one year, helping them to save money, as little as N500 per week through their well articulated financial services.

 

According to him, the bank has so far disbursed the sum of N57,550,000.00 to individuals and groups in the last one year and are targeting to disbursed up to N150,000,000.00 this year to improve the economy of Kogi Central.

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The bank officials informed the audience, that 60% of the said loans were disbursed to women groups in the area.

The people of the area had gathered recently to celebrate one year anniversary of the return of Bank of Agriculture (BOA) in Okene after several years of closure.

 

The management of the bank, women, youths and other stakeholders in the community used the occasion to shower encomium on the Administrator of Okene Local Government, Engr. (Mall) Abdulrazaq Muhammad for his giant stride, foresight and political will to build and facilitate the return of Bank of Agriculture (BOA) to Okene for the benefit of entire Kogi Central as well as sustained its operations.

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In his remark, Hon. Abdulrazaq thanked the bank managers for the confidence repose on the people of Kogi Central by resuming operations in the area after long years of closure.

 

He said, his people are hardworking and would always show commitment to whatever they do and “I am glad they have not disappointed you.

 

The Council Administrator recalled in many instances were he stood as guarantor to youths and women groups to enable them obtain soft loans, saying that today, they are proud owners of many business outfits within the community.

 

The Chairman maintained that, government has no free money to share but stressed that the only way to lift people out of poverty is through genuine empowerment,

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He therefore, appealed to the management of Bank of Agriculture (BOA) to sustain the partnership and as well take the services to the rural farmers as well as increase the loan amount to N200,000.

 




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