LunagisthubNigerian Police Launch Innovative Tricycle Loan Scheme for Personnel
In a groundbreaking move, the Nigerian Police Force has unveiled a tricycle loan scheme aimed at boosting the financial stability of its personnel. This initiative, championed by Inspector General Kayode Egbetokun, is poised to revolutionize the lives of officers across the country .
Here’s how it works: the Nigeria Police Cooperative Multi-Purpose Society Ltd. has partnered with Bulk Stalker Engineering Limited to offer tricycles to interested officers at a rate of ₦5.5 million each. The loan repayment plan is structured to ensure that officers can comfortably pay off the debt without straining their finances.
Key Benefits of the Tricycle Loan Scheme
Affordable Repayment Plan
Officers will repay the loan at a monthly rate of ₦90,000 over a period of 60 months.
Additional Source of Income
Tricycles, commonly known as “Keke” in Nigeria, are a lucrative business opportunity for officers.
Empowerment
The scheme empowers officers to take control of their financial futures and improve their overall well-being.
The introduction of this tricycle loan scheme is a testament to the Nigerian Police Force’s commitment to the welfare of its personnel. By providing officers with the means to acquire a tricycle, the force is not only enhancing their financial stability but also contributing to the overall economic growth of the country .
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