Economy

Osun Govt Boosts SMEs With 100M Seed Loans

Osun State governor, Mr Gboyega Oyetola says his administration has adopted a proactive strategy to stimulate the economy of the state in the face of Coronavirus pandemic.

Governor Oyetola stated this in Osogbo while presenting cash as seed loans to two thousand successful trainees of Skills Upgrade and Entrepreneurship Training Programme.

He said the Skills Upgrade and Entrepreneurship Training Programme was designed to generate 15,000 direct and indirect sustainable job opportunities for the people annually.

Governor Oyetola explained that the administration had set aside one hundred Million naira for disbursement to beneficiaries of the scheme, as seed loans of one hundred thousand naira was given to each participant.

He urged the beneficiaries to utilise the skills and knowledge acquired in the course of the programme positively to add value to themselves and to enable them to compete favourably in the industrial and commercial sectors.

In a remark, Osun State Commissioner for Commerce, Industries, Cooperatives and Empowerment, Dr. Bode Olaonipekun, said the programme was put together by the government as part of efforts to address the adverse effects of the Covid-19 pandemic and ameliorate the disruptions to livelihood of the citizens.

Executive Director, Micro Enterprise, Bank of Industry, Mrs. Toyin Adeniji, commended the Administration of Governor Oyetola for building a virile and healthy economy for the state.

Some of the graduands commended government for the gesture saying it would go a long way to improve their lives.

Wasiu Ajadosu

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