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The Bank of Industry (BoI) has unveiled an interest-free loan for women artisans, market women and small holder farmers under the National Women Empowerment Fund (NAWEF) intervention scheme by the Federal Government. According to the bank.
NAWEF is an aspect of the Federal Government’s Social Investment (Intervention) Programme which is designed exclusively for women and administered by BoI to issue interest free loans to successful applicants.
Speaking at the unveiling of the pilot phase for the disbursement of the Fund in Uyo on Monday, the Minister for Women Affairs and Social Development, Sen. Aisha Jummai Alhassan, stated that eight states, including Akwa Ibom, Adamawa, Borno, Yobe, Osun, Abia, Nasarawa and Jigawa have been selected for the pilot phase where women can access N200 million in loans (starting from N10, 000 to N100, 000).
To enhance the success of the intervention exercise, Alhassan emphasised the need to collaborate with state ministries to enhance participation of women.
