Home Other News Ikpeazu directs Abia SME Bank to support Ariaria traders with loans

Ikpeazu directs Abia SME Bank to support Ariaria traders with loans

by Our Reporter
Abia State Governor, Dr. Okezie Ikpeazu has directed the management of the Abia Small and Medium Enterprises, SME, Bank, to support traders in Ariaria International and Ngwa road markets with loans to help them cushion the effects of the remodeling projects in the two markets.

Commissioner for Trade and Investment, Chief John Okiyi Kalu, who stated this after inspecting the ongoing remodeling projects in Ariaria International and Ngwa road markets, explained that the Governor sympathized with the traders affected by the reconstruction and assured that the government is working with the developer to deliver quality markets.

He further reassured that no trader will lose his shop after the reconstruction as existing allottes will be reinstated before new offtakers are brought in.

“Our unwavering assurance is that no shop allottee will lose his/her shop after the conclusion of the work as Governor Ikpeazu gave a standing directive that they be reinstated first before new off takers are brought in. He has also directed a working arrangement with the management of Abia SME Bank to ensure that the traders receive reasonable financial support to cushion the effects the remodeling project might have had on their businesses and acquisition of shops in the remodeled markets.

“Based on the project scope for Ariaria and assigned timelines, I believe we are on course even though the continuing intermittent heavy rainfall is hampering the effort. Our Current task is to ensure that the base pillars that will carry the market blocks as depicted in the attached photographs are established. After that, work will rapidly accelerate to the conclusion stage in this phase which involves only A-line.

“Governor Ikpeazu is set to execute a special intervention to ensure that the drainage and internal road works are implemented rapidly within this expected dry season window. The Ngwa road market project suffered some unforeseen delays as a result of a combination of some human factors and act of God. But we have refocused the project to ensure that those who relocated from their shops as a result of the ongoing remodeling projects return as quickly as possible.

“We sincerely apologize to those traders affected by the reconstruction of lines 1 & 2 in Ngwa Road market and A Line, C- Line and Medical line in Ariaria International market and wish to assure them that we are working daily with the developer to ensure that the needful is done to ensure their earliest return.  After completing this 1st phase of the work, we will adopt a different approach to the work for subsequent phases that will ensure that once a line or group of lines are demolished we complete the work within a maximum of 12 weeks.

“We wish to express appreciation to our hardworking traders for the patience, understanding and confidence they have reposed on us to deliver on the remodeling efforts.”

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