Sokoto, BoI To Disburse N2 billion To Small Businesses

Sokoto state government and the Bank of Industries (BoI) will disburse the sum of N2 billion to support small scale businesses in the state. Already, the state government said it had released its counterpart fund of N1 billion to the BoI for the scheme.

The Special Adviser on Media and Public Affairs to Governor Aminu Waziri Tambuwal, Mallam Imam Imam stated this while fielding questions from reporters in his office in Sokoto. “All necessary processes have been concluded and we expect disbursements to start soon after a thorough screening by both the Sokoto State Small and Medium Scale Enterprises Development Agency (SOSMEDA) and the BoI.

“We hope to support these entrepreneurs to enable them improve on their businesses. A large section of the beneficiaries will be women. By engaging more female entrepreneurs, government is seeking to enhance their economic status which will have ripple effect on the economy of the state in general.

Photo Caption: Governor of Sokoto State Aminu Tambowa