AKWA IBOM LG BOSS DISBURSES N50M TO 100 ENTREPRENEURS. (PHOTO).

Akwa Ibom LG boss disburses N50m to 100 entrepreneurs

The Executive Chairman of Etim Ekpo Local Government Area of Akwa Ibom State, Gideon Uwa, has “disbursed N50m in Micro, Small and Medium Enterprises grants to 100 young entrepreneurs across the 10 political wards of the council.”

Uwa announced the empowerment initiative during a thanksgiving service held on Friday at the council headquarters in Utu Etim Ekpo to mark the second anniversary of his administration.

He said the beneficiaries were selected following a grassroots assessment conducted across the wards to identify young entrepreneurs whose businesses required financial support to grow.

He said, “The youths are at the centre of this administration. Long before today, I took time to conduct a private assessment across all ten wards to identify young people who genuinely needed support to grow their businesses. This initiative is designed to give back and ensure they become self-reliant.”

Uwa further urged beneficiaries to utilize the resources in building and expanding their businesses, saying the initiative is aimed at boosting the local economy of the area.

“Today, we are glad to announce empowerment of 100 young entrepreneurs and business owners in Etim Ekpo LGA. This particular initiative is aimed at expanding and boosting our local economy in the grassroots.

“The selection process is not limited to any ward, but, for the entire 10 political wards of this LGA. I hereby announce a sum of 50 million naira support to boost their businesses. As you receive this support, make sure you use it judiciously”, he said.

The Council Chairman commended the youths for their peaceful conduct and noted that political leaders and stakeholders across different interest groups had united for the development of Etim Ekpo.

He expressed confidence that the people of the area would vote en masse for candidates of the All Progressives Congress in the 2027 general elections.