HomeBusinessGood news for entrepreneurs as Katsina disburses N1bn interest-free loans

Good news for entrepreneurs as Katsina disburses N1bn interest-free loans

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KASEDA has disbursed over N1 billion in interest-free loans to about 1,500 MSMEs to support businesses and create jobs The loans were provided in partnership with BOI, while another batch of beneficiaries has already been shortlisted for the next round of disbursementThe state government was urged to introduce mentorship programmes to help young entrepreneurs build sustainable businesses

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

The Katsina State Enterprise Development Agency (KASEDA) has provided more than N1 billion in interest-free loans to about 1,500 Micro, Small and Medium Enterprises (MSMEs) as part of efforts to expand businesses, boost economic activities and create employment opportunities across the state.

The Director-General of KASEDA, Dr. Babangida Rumah, disclosed this while speaking to journalists on the sidelines of the agency’s pre-budget defence organised by the Katsina State Ministry of Budget and Economic Planning.

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