By Oluwatoyin Adegoke

2,822 entrepreneurs in Ogun State have benefited from the second phase of the 1billion Naira Operational Grant for Micro and Small Scale Enterprises.

The programme is part of measures to cushion the effect of Covid-19 on people of the State.

The first disbursement was done in 2023, during which 1,000 entrepreneurs in micro enterprises received N100, 000 each, while those in the small scale categories received N350,000 each. 

Speaking during the Symbolic Cheques presentations to beneficiaries, Governor Dapo Abiodun, represented by his Deputy, Mrs Noimot Salako-Oyedele, said small scale enterprises remained crucial in the process of promoting entrepreneurship, fostering innovation, and driving inclusive economic growth.

Governor Abiodun explained that beneficiaries were carefully identified as genuine entrepreneurs nominated by key stakeholders in the society.

While appreciating President Bola Ahmed Tinubu for initiating the scheme, the Governor promised that the disbursement would be extended beyond initial June 2024 closing date, urging beneficiaries to use the grants wisely and responsibly.

Earlier, the Commissioner for Finance, Mr Dapo Okubadejo had pointed out that the disbursement, was aimed at mitigating the effect of COVID-19 pandemic and providing support for small and medium scale business owners in the state.

He implored them to make judicious use of the money, to serve as social as protection for the poor and vulnerable members of the society while supporting their ventures, especially agricultural businesses. 

Also,the Speaker ,Ogun State House of Assembly, Mr Oludaisi Elemide implored beneficiaries not to see the grant as national cake but to use it for the purpose it was meant for. 

Subscribe to our Telegram and YouTube Channels and also join our Whatsapp Update Group