Mr Yusuf Gagdi, member representing Pankshin, Kanke and Kanam Federal Constituency in Plateau, has distributed a soft loan worth N45 million to traders in Kanam Local Government Area of the state.
Presenting the check of the amount to the beneficiaries on Saturday in Dengi, Gagdi said the gesture was aimed at cushioning the effects of the Coronavirus pandemic on businesses in the area.
According to him, the gesture is informed by the devastating effects caused by the deadly virus on businesses in Nigeria and the world.
He explained that the loan was interest-free, saying that it would further boost businesses in the area and the state.
“The business community is playing key role to the economic growth and development of Kanam and Plateau.
“And we all know how the advent of COVID-19 has negatively affected the progress of businesses in the entire country, and the ones in Kanam are not an exception.
“So, I decided to distribute this loan of N45 million to the business community in Kanam to enable them to bounce back and grow the economy of the locality and the state.
“This is just the first phase, I shall do more as resources are available,” the lawmaker said.
He said that the loan, which would be repaid after one year, was distributed devoid of party, religious and ethnic affiliations, adding that the funds came from his personal savings.
Speaking at the event, Chairman of the Traders Association in the area, Alhaji Yusuf Inusa, thanked Gagdi for the gesture.
“We have been looking forward to such support, because COVID-19 has grossly affected our businesses.
“So, this gesture will indeed go a long way in promoting and boosting our businesses,” Inusa said.
Similarly, the lawmaker also distributed fifty wheelchairs to People With Disabilities (PWDs) in the area.
Son of murdered Nasarawa APC chairman narrates kidnap incident
Be wary of who you open up to, says Dbanj’s wife, Lineo
Amotekun rescues wife of Ondo State chief of staff from kidnappers
Referee who allowed ‘Hand of God’ goal hails Maradona
PHOTO: Davido shows off cute son he welcomed with Chioma
Alcohol played no part in my car accident – Dare Melody
Ill Bliss slams authorities as ASUU reportedly calls off strike
I lost movie roles because of refusal to have s*x – Chioma Grace Ifemeludike
#EndSARS: We can’t guarantee security during Christmas period – DPO
PHOTOS: Lady transforms self to look like BBNaija’s Ozo
Obasanjo heads to Ethiopia for mediation
‘Una go die,’ BBNaija’s Nengi shades ‘haters’ over political appointment
Man, 70, impregnates granddaughter in Ogun
Three congregants drown during church baptism ceremony in South Africa
Lady who didn’t date me after 10 months of chasing her, says I shouldn’t see other women, man laments
My boyfriend ordered me to wash bedsheet with my period stains on it, lady laments
VIDEO: Reviews of Cele prophet jailed for fraud, influencer mocking child beggar, other
VIDEO: Passengers furious as Kaduna-Abuja train breaks down at 2am
VIDEO: I need to know why Civil Defence officer killed my DSS agent husband – Wife
VIDEO: Prison officials, motorcyclists clash in Ibadan
VIDEO: I was in prison for six weeks because I tried to commit suicide – Ex-hospital porter
VIDEO: Policemen shot my only 20-year-old son, seized his corpse – Mom
VIDEO: Don’t kiss o, don’t spoil my makeup, bride tells groom on wedding day
Lekki Shootings: DJ Switch will be exposed as a fraud – Lai Mohammed (VIDEO)
- Metro23 hours ago
PHOTOS: Woman allegedly kills mother, dismembers her body in Akwa Ibom
- Entertainment23 hours ago
Nicki Minaj becomes first female rapper to surpass 20 billion streams on spotify
- Entertainment19 hours ago
Cynthia Morgan drags ex-boss Jude Okoye to court
- Politics19 hours ago
Uzodimma behind attacks on me over 2023 presidency – Okorocha
- Crime22 hours ago
Suspected herdsmen storm Ajaokuta Steel Quarters, kidnap three
- Entertainment22 hours ago
VIDEO: Erica, Kiddwaya arrive Sierra Leone for three-day visit
- General19 hours ago
Black Friday: NBC keeps mum on Hisbah’s letter to Cool FM
- General21 hours ago
#EndSARS: No violent protests will be allowed again, IGP vows