A group, Quintessential Business Women Association, has urged women in Ekiti State to access the N220billion special fund set aside by the Central Bank of Nigeria (CBN) to better their socio-economic status.
Under the scheme, the apex bank is allocating 60 per cent of the fund to women to invest in small scale businesses.
The National President of QBWA, Mrs. Shimite Katung, gave the advice while inaugurating the Ekiti State chapter executive, led by Mrs. Oluyinka Olumilua, at Ikere Ekiti yesterday.
Mrs. Katung, who anchors a popular television programme ‘African Pot’ on the Nigeria Television Authority, said her group had been able to sign Memoranda of Understanding with banks in 29 states, adding that Kwara and Akwa Ibom states had been able to access the loan.
She said four of the six states in the Northeast had been approved for the loan.
Mrs. Katung, who said the loan attracts nine per cent interest rate, without collateral, warned would be beneficiaries against defaults.
The Chairman, Michael Bamidele, urged the women to key in into the scheme, warning them not to see the money as their own share of the national cake.
Under the scheme, the apex bank is allocating 60 per cent of the fund to women to invest in small scale businesses.
The National President of QBWA, Mrs. Shimite Katung, gave the advice while inaugurating the Ekiti State chapter executive, led by Mrs. Oluyinka Olumilua, at Ikere Ekiti yesterday.
Mrs. Katung, who anchors a popular television programme ‘African Pot’ on the Nigeria Television Authority, said her group had been able to sign Memoranda of Understanding with banks in 29 states, adding that Kwara and Akwa Ibom states had been able to access the loan.
She said four of the six states in the Northeast had been approved for the loan.
Mrs. Katung, who said the loan attracts nine per cent interest rate, without collateral, warned would be beneficiaries against defaults.
The Chairman, Michael Bamidele, urged the women to key in into the scheme, warning them not to see the money as their own share of the national cake.
