Edo Governor Launches ₦1bn Interest-Free Loan Scheme for Traders and Artisans on Workers’ Day

Governor Monday Okpebholo has unveiled a ₦1 billion interest-free loan scheme to support traders, artisans and entrepreneurs across Edo State. He made the announcement during the Workers’ Day celebration at Benin’s Samuel Ogbemudia Stadium, where his deputy, Dennis Idahosa, stood in for him. The governor said this initiative underscores his administration’s commitment to worker welfare and economic growth. Okpebholo also highlighted prompt payment of salaries, a 13th month bonus and a new minimum wage of ₦75,000. He has set up a high-powered committee to review the state’s contributory pension scheme and advise on next steps. At the same event, a factional chairman of the Nigeria Labour Congress called on the government to exempt pre-2017 workers from the contributory pension scheme, arguing that the current system imposes hardship on retirees.

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