Quest for the Truth and Justice

Lubricant dealers solicit loans from KWSG

Posted by on May 8th, 2017 and filed under Business, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

The Kwara State Engine Lubricant Dealers (E.L.D), a branch of NUPENG has  solicited for  soft loans from the state government in order to expand scope of businesses.

The state Chairman of the Association, Comrade Jimoh Olusola Imam while fielding  questions from Pilot Business recently, said the economic recession is taking toll on investments of members.

He said, ” We are finding things difficult amidst the recession as the prices of lubricant oil have risen unexpectedly. Some of our members are running at a loss and businesses are collapsing.

” We have approached the state Ministry of Commerce and Cooperatives to assist us with loans and we were asked to form cooperative societies and this we have done and folllwed due process,” he explained.

Imam appealed to tbe state   Governor, Alhaji Abdulfattah Ahmed administration to extend his administration loan disbursement scheme to members of the association.

He stated that the association is working assiduously in collaboration with government agencies to curb  activities of illegal blenders  in the state.

He said, ” We have a disciplinary committee that monitors  activities of all lubricant dealers in the state. Our branches across the 16 local government councils  assist us with necessary information. “

The chairman advised members of the public  to always patronise registered members and products that have Standard Organization of Nigeria registration trademark, urging them to report any case of fake product to security agencies.

When contacted,  the state Commissioner for Commerce and Cooperatives, Alhaji Ahmed Rifun confirmed that the association has submitted its proposal seeking loan, saying that the ministry is processing it.

He said, “The association has registered with us seeking for loans few years ago and their demands is undergoing the ministry procedures. “

The commissioner disclosed that the state government is committed to supporting Small and Medium scale Enterprises.

Leave a Reply