More clarity has been given on the questions surrounding the Abia State Cooperative Support Scheme designed to give interest free loans to selected beneficiaries from 184 wards of the local governments of Abia State.

According to Ferdinand Ekeoma, Special Adviser to Governor Alex Otti on media and publicity in a live radio program in Umuahia on Thursday, he said the Corporative Support Scheme, is designed to provide interest free loans from the N10bn naira fund set aside for scheme targeted on rural duellers of Abia State which is part of the policies and innovative the governor feels will impact on the lives of the beneficiaries.

On the selection process of the beneficiaries, Mr. Ekeoma said people were sent to their wards to do the selection in a free and fair manner as forms were shared.

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“A cooperative Support Scheme was opened which required making available of account details, phone numbers, bank verification number (BVN) and national identity number(NIN).

“It was done to be sure that these people exist and taken directly to the wards and grassroot where people need these things more and they were able to select the 10,000 people across the 184 wards. These monies will be transferred straight into their accounts.

“There is absolutely no room for any form of compromise and the people given these guidelines did it with the directives of the governor. Ekeoma said.

He also revealed that five persons have been selected from each of the 184 wards to receive their cheques during the ceremonial unveiling of the corporative scheme.

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As regards the category of people qualified to apply for the loan, Ekeoma said farmers, traders, artisans and all who are engaged are qualified because it is a scheme to support whatever business they do.

“It is for everyone that is interested, that needs it, and the amount will be made public tomorrow. As regards the payment plan for the loan, Ekeoma said it has no interest attached to the loan and hoped that the beneficiaries will be prudent and do the needful.

The corporative support scheme is said to be the first batch of the scheme, an initiative that is in line with the promises made by Governor Alex Otti during his election campaign in 2023.

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