The Akwa Ibom State government in a bid to stimulate economic activities has empowered over 8,000 indigenes in the 31 local government areas through the micro-credit scheme.

Mr. Akan Okon, state Commissioner of Finance, made this known in Uyo over the weekend during a chat with journalists.

The commissioner who explained that the credit facilities were for start-ups and expansion of small and medium scale enterprises, said it was a deliberate effort by the state government to create wealth and reduce poverty through the provision of sustainable jobs for the teaming unemployed youths, market women, farmers, artisans, and other citizens of the state.

Mr. Okon said the revolving loan, under the CBN’s micro, small and medium enterprises development fund is paid out in phases.

He announced that the second phase of N1.74 billion recently launched in the state by Governor Udom Emmanuel would soon be disbursed through designated micro-finance banks................

More; http://newsherald.com.ng/2016/04/26/aibom-govt-empowers-8000-with-micro-credit/