The Presidential Amnesty Programme (PAP), has begun sensitization of ex-agitators on procedures to receive single-digit curiosity loans from its lately launched cooperative scheme.
Launching the sensitisation on Friday in Port Harcourt, Rivers State, the Interim Administrator, Maj-Gen. Barry Ndiomu (retd), mentioned the mortgage scheme was initiated to information potential beneficiaries on how to entry completely different classes of the mortgage.
Ndiomu, who was represented by his Special Assistant on Special Duties, Thomas Peretu, assured that certified ex-agitators wouldn’t be denied entry to the credit score facility.
He described the method as clear saying it was being managed by a group of revered people.
Ndiomu defined that the Cooperative Scheme was a part of efforts of the PAP program to remodel ex-agitators from month-to-month stipend earners to entrepreneurs.
He mentioned: “We have done all we can in putting this together. Right now we are taking off big time. Let me assure you that all of you (ex-agitators) will be beneficiaries of the loan scheme. It is your project.
“Our intention is to make you entrepreneurs so you can do away with the dependence on the monthly N65,000 stipend that some of you are so used to. It is important to begin to think big to make a good impact in your communities, states and the country”.
In his presentation, the Lead guide for the Presidential Amnesty Programme Beneficiaries Cooperative Scheme Limited (PAPCOSOL), Mr. Zigha Ayibakuro, mentioned the train was designed to educate ex-agitators on the aim of the cooperative and the necessity for them to work collectively to obtain set goals.
Ayibakuro mentioned: “There is a place for knowledge if you want to succeed in any business. Some of you have limited access to information which is very key if you want to start a business.
“What we are doing as a Cooperative is to help you with all the necessary information that is important to start your business before providing the seed capital for you”.
He counseled Ndiomu for the initiative, stressing that the mortgage was meant for ex-agitators with viable services or products.
Ayibakuro mentioned the method concerned on-line registration to “fill their Bio data like BVN, National identity, PAP ID code, which will be verified from the backend, skill history proof, business history proof to determine if they are engaged in any trade or productive activities”, amongst others
He mentioned a letter of dedication to pay again the mortgage with 5% curiosity each year, three years tenor and a one-year moratorium would even be offered by the beneficiaries.
He mentioned that the mortgage disbursement course of could be accomplished inside two weeks after the final date of utility and could be accomplished in several phases.
Meanwhile, the PAP Chairman, Strategic Communications Committee, Nature Dumale Kieghe described the PAP cooperative society Ltd as a flagship undertaking that might change the notion and narrative of the scheme.
Nature counseled Ndiomu for his distinctive initiatives, which he described as an indication of his want to develop the financial potential of ex-agitators.
He referred to as on the facilitators and lead guide, Mr Zigha to deploy his expertise in serving to delegates succeed on this new legacy undertaking of the Interim Administrator.
He recalled that PAP delegates had through the years suffered within the fingers of many briefcase contractors, who ended up receiving cash from the amnesty workplace to make use of delegates however failed to fulfil their a part of the cut price.
Nature, who can also be the National Secretary of the primary part ex-agitators suggested ex-agitators and delegates to take full benefit of the life-opportunity.
In his remarks, a enterprise improvement guide, Mr. Emmanuel Benedict, enumerated the varied alternatives for Small and Medium-scale enterprises.
