Home Disability News FG earmarks up to N1 billion in low-interest loans from BOI for persons with disabilities

FG earmarks up to N1 billion in low-interest loans from BOI for persons with disabilities

by Inclusive News Network

The Federal Government has announced that it will provide low-interest loans of up to N1 billion from the Bank of Industry to persons with disabilities across Nigeria.

This announcement was made by Dr Betty Edu, the Minister of Humanitarian Affairs and Poverty Alleviation during the launch of the empowerment programme for persons with disabilities at the Arts and Culture Conference Hall in Abuja.

The minister revealed the Federal Government had launched the training of persons with disabilities on business development and business registration with the Corporate Affairs Commission to enable them to access the N1 billion loan facility from the Bank of Industry.

Edu stressed that this initiative by the federal government was designed to enhance the businesses of persons with disabilities and equally contribute to job creation wherever they reside in the country.

“We want to teach you how to fish, we are no more giving you fish, we want to empower you to be useful to yourself, and the society and remain good ambassadors of this nation,” the minister added.

Also at the launch of the empowerment programme for persons with disabilities, Dr Edu presented point of sale (POS) machines and N100,000 operational capital to persons with disabilities.

She also announced the sum of 130,000 as scholarship support to persons with disabilities in tertiary institutions across Nigeria.

The minister also made a presentation of N20 million annual grant to the Association of Persons with Disabilities in Nigeria.

Furthermore, Edu disclosed that the Federal Government has approved a ten per cent inclusion for persons with disabilities in all federal government interventions and schemes of the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

“This program is not merely about assisting in empowering individuals to take charge of their lives, pursue their dreams, and meaningfully contribute to our nation’s progress, but it is in line with Mr President’s vision of leaving no one behind in this great work of development,” the minister said.

6 comments

Ngozi Anucha November 19, 2023 - 3:13 pm

I am the person with hearing impaired disabled. I come from Rivers State. I need money to make my business.

Reply
Laraba Lawrence November 19, 2023 - 9:19 pm

Leave comment

Reply
AWAYI FAVOUR EMMANUEL November 21, 2023 - 7:54 am

Greetings Sir/Ma
I will be very grateful if I find favor from you and his Excellency am physically challenge (crippled) and a student at university of Jos, student mass communication, 300level, please I need your support my school fees is 105k. Disability is very expensive I transport everyday to lectures it hasn’t been easy. Please show me mercy. Thank you 🙏

Reply
William Shokunbi November 21, 2023 - 9:43 am

How do we access the loan program? Do we visit the BOI for the application process?

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Mohammed Abubakar sadiq November 21, 2023 - 7:38 pm

Very good initiative, hoping the promise of inclusion of every disabled from everywhere in Nigeria should be fulfilled as against pampering only those resides in the nation capital, Abuja.
We the rural dwellers are the most marginalized in terms of government empowerment and support.
Thanks to the honourable minister Beta Edu,thanks to the executive secretary, NCPWD,Mr David Lalu.

Reply
Umar Ibrahim November 21, 2023 - 10:34 pm

Students the child of nce jif

Reply

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