Abia state government to launch a N1 billion interest free revolving loan under the Abia cooperatives scheme on Thursday, l.

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Abia state government would on Thursday, launch a N1 billion interest free revolving loan under the Abia cooperatives scheme for 9,200 residents from the 184 wards of the state.

Commissioner for Information and Culture, Prince Okey Kanu, who disclosed this at Government House, Umuahia while briefing journalists, explained that 50 beneficiaries have been selected from each of the 184 wards in in the state to benefit from the first phase of the loan scheme.

He stated that the scheme which is an interventionist program is designed as a form of palliative as well as an empowerment program that would help turn around the lives of the beneficiaries.

The Commissioner further explained that the short, medium and long term impacts of the scheme will no doubt have a salutary effect on the state’s economy.

He decried the rise in vandalisation of public schools and property in the state, stressing that the government situation he said government frowns at the situation

Stressing that government has put up measures to stop such acts of vandalism, Kanu urged President Generals of Town Unions, traditional rulers and other stakeholders to take ownership of the public schools in their communities.

The Commissioner also disclosed that enforcement against street trading and illegal motor parks in Aba and Umuahia would commence and urged those engaging in such acts to desist forthwith.