Next Level Agenda: Presidency plans N1m interest-free loans for businesses

Next Level Agenda: Presidency plans N1m interest-free loans for businesses

- Nigerians are set to have opportunities to take interest free loans from federal government, according to Ajuri Ngelale

- Ngelale said this is part of the next level agenda of President Muhammadu Buhari to empower small Nigerian businesses

- Going further, the presidential aide also disclosed that the loan will be available to all Nigerian small business owners irrespective of who they are

Ajuri Ngelale, a senior special assistant to President Muhammadu Buhari on public affairs, has hinted that plans are underway by the presidency to make available N1m interest-free loans to Nigerian businesses.

Ngelale disclosed this when he was a guest on Legit.ng's Political Arena on Thursday, October 3.

Ajuri Ngelale with Akinyemi Akinrujomo when he appeared on Legit.ng's Political Arena on Thursday, October 3.

Ajuri Ngelale with Akinyemi Akinrujomo when he appeared on Legit.ng's Political Arena on Thursday, October 3.
Source: UGC

He said the government, as part of its Next Level agenda, will set aside a money bank where Nigerian business men and women can take interest-free loans.

According to him, irrespective of who you are, as long as you are a Nigerian with viable and auditable business, you are qualified to access the loan.

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"The interest-free loans will have a ceiling of N1 million which means that you are going to start with N100,000, when you payback, you get N200,000 and eventually up to the N1 million.

Nigerians are set to have opportunities to take interest free loans according to Ajuri Ngelale.

Nigerians are set to have opportunities to take interest free loans according to Ajuri Ngelale.
Source: UGC

"If you are a Nigerian citizen with a very verifiable and auditable business, you are going to have access to that facility," he said.'

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Meanwhile, Legit.ng also reported that the presidency explained why the former national security adviser, Sambo Dasuki the leader of the Islamic Movement of Nigeria (IMN), Sheikh Ibrahim El-Zakzaky and Omoyele Sowore, are still in detention despite being granted bail.

This was disclosed by Ngelale when he visited Legit.ng on Thursday, October 3.

The presidency consequently shed more light on the circumstances surrounding the continued detention of those in custody.

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Source: Legit

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