Reps member boost LG IGR with over N45m interest free loan

Reps member boost LG IGR with over N45m interest free loan 

Kanam Local Government Council of Plateau State has its Internally Generated Revenue Boosted with over N45 million Naira free loan. 

The member representing Pankshin, Kanke, Kanam Federal Constituency in the Green Chamber of the National Assembly, Rt. Hon. Yusuf Adamu Gagdi, has today 14, November, 2020  injected the sum of N45 million Niara interest free loan to traders of Kanam Local Government Council to cushion the effects of covid-19 pandemic that ravaged the globe and equally grounded business activities. 

Rt. Hon. Gagdi presenting the cash to the beneficiaries on Saturday in Dengi, through the chairman Alhaji Yusuf Inusa, disclosed that the gesture was aimed at cushioning the effects of the covid-19 pandemic on businesses activities in the world and Kanam is not an exception.

Furthermore, Gagdi revealed that 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 on behalf of all the beneficiaries, Chairman of the Traders Association in Kanam Local Government Council of the State, 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.

In the same vein, people living with disability with the local government area where not left out, as the lawmaker also doles out  fifty wheelchairs to aids them in daily day to day movement.