The National Directorate of Employment (NDE), on Sunday, said it had put mechanisms in place to recover its loans from defaulters.
Mr. Edmund Onwuliri, Deputy Director, Information and Public Relations of NDE, disclosed this during interview with News Agency of Nigeria(NAN) in
Abuja.
He said beneficiaries of the loans, who participated in NDE skills acquisition
training were given startup capital and equipment.
He said the majority of them were yet to pay back the loans.
Onwuliri urged the defaulters to repay the loans to avoid compelling their
guarantors from being forced to pay back the loans by themselves.
“You are dealing with human beings; even commercial banks are not finding it easy to recover loans from their clients.
“Our own case is peculiar as the organisation is dealing with unemployed
youths who have no experience in business.