Tinubu to empower vulnerable groups with N32.7bn non-interest loan – Yilwatda

Nentawe Yilwatda, the Minister for Humanitarian Affairs and Natural Disaster, says that the Federal Government being led by President Bola Tinubu has earmarked a sum of N32.7 billion as non-interest revolving fund for the support of vulnerable groups in the Country.

Yilwatda made this known during the launch of the State Durable Solution Action Plan for Internally Displaced Persons (IDPs) at Government House Makurdi, Benue State Capital, saying that the no- collateral, non-interest revolving loan would be disbursed to stimulate the economy through commercial activities of the many vulnerable groups in the Country.

He said that the fund did not attract any collateral and non-interest, adding that the fund would be given to 300 to 400 in the State as household loans to invest in and expand their existing farms, promote agriculture and give ensure food security.

He further stated that the Federal Government would soon reactivate the N-Power, while over 100, 000 items had been earmarked to empower youths across the Country.

He said, “700 million have been set aside for 15 million households while N70 million will be given 75, 000 to drive small scale industries and migrate out of poverty and give them new life.

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“We have built on economic empowerment and sustainable development as well as working vigorously on improving security in our communities. FG is working on a tripod of peace, economic empowerment and human development.

“FG stands with Benue and the international partners are also with you (Benue State Governor) Move forward with sheer determination and hope.”

Responding, Benue State Governor Hyacinth Alia said the plan would pave way for a lasting solution for the future of 582,000 displaced persons across the 23 LGA with a large majority in 17 local government areas.

Governor Alia reiterated his commitment to returning the IDPS to their ancestral homes, maintaining that significant steps had been taken in the area of community dialogue, establishment of cooperative and provision of emergency shelter to transit them back home.

He acknowledged the support of President Tinubu towards the plight of the IDPs even as he announced that 10% had been approved in the 2025 Budget for implementation of the action plan.

“The Government remains focused on improving the lives of IDPS and the agricultural fortune of the State. 300 hectares of land have already been cleared for IDPS to begin dry season farming.

“To the international partners, we appreciate the cushioning effect you provide for the IDPs. We urge you to continue to partner with us. We are open to agriculture business. The plan is valid for a period of 5 years and will be updated.

“Towards our unwavering commitment to the IDPs guided by purpose, it is a new dawn of a new hope. 4,000 Cooperatives formed under the durable solution. Benue demonstrated commitment for 200 cooperatives for the IDPS. 500 hectare of land 2 hectare for 2 households to be cultivated by IDPs. 70 percent to IDPS and 30 2 host communities. Social investment”, he said.

Earlier, UN Representative, Mohammed Fall said the State has a powerful long term commitment aimed at fostering development for IDPS, adding that it focuses on practical community solutions which underscores the importance of self-reliance.

“Prioritise peaceful co-existence and reconciliation. The UN is in full solidarity with the State and will provide resources towards the plan. It is about something that is sustainable and it requires sustained and collective effort as a global community”, he said.