NDDC Single Digit Loans for Women – Access Funds!
The Niger Delta Development Commission (NDDC) has expressed its intention to collaborate with financial institutions in order to support women in accessing financial resources to improve their livelihoods.
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This announcement was made by Dr. Samuel Ogbuku, the Managing Director of the NDDC, during a visit from a delegation representing Union Bank Nigeria at the NDDC headquarters in Port Harcourt.
Dr. Ogbuku emphasized the NDDC’s commitment to partnering with the delegation on initiatives focused on women’s empowerment in the Niger Delta Region.
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Dr. Samuel Ogbuku, the Managing Director of the Niger Delta Development Commission (NDDC), has announced plans to collaborate with financial institutions to provide low-interest loans that will support women and their livelihoods. During a courtesy visit by a delegation from Union Bank Nigeria at the NDDC headquarters in Port Harcourt, Dr. Ogbuku expressed the NDDC’s commitment to partnering with the Niger Delta Chamber of Commerce to foster entrepreneurship and share the risks involved. The NDDC is also taking steps to monitor the performance of entrepreneurs supported by their empowerment schemes.
The registration of the Niger Delta Chamber of Commerce, spearheaded by the NDDC, aims to expand the Commission’s reach in empowering the people of the Niger Delta region through entrepreneurial initiatives. To accelerate development and support entrepreneurial growth, the NDDC has embraced the Public Private Partnership (PPP) model as an alternative funding source for key projects and programs.
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Mr. Chidi Ileka, the Regional Business Executive, South, for Union Bank Nigeria, stressed the importance of providing women with training to enhance their chances of success in business. The bank is eager to collaborate with the NDDC to empower women in the Niger Delta region, address gender inequality, and provide them with opportunities for growth and success.
The partnership will focus on granting women access to finance, development programs, and affordable healthcare, with the aim of equipping them with the necessary tools and resources to achieve financial independence.
Mrs. Chioma Nwokike, the Head of Alpher and Women Lead Business at Union Bank, emphasized the bank’s commitment to strengthening women’s long-term financial security through savings and investment opportunities. The joint initiative will offer comprehensive business and personal development programs, providing women in the Niger Delta region with the skills and knowledge needed for entrepreneurship and personal growth.
Additionally, the partnership will prioritize affordable healthcare access for women in the Niger Delta, ensuring their well-being and enabling them to focus on their personal and professional development.