Ogun State Government in collaboration with the Federal Government has begun disbursement of Enterprise and Empowerment Loan popularly known as ‘’Market Moni’’ through the Bank of Industry to hundreds of traders being the first set of beneficiaries in the State.
The State Governor, Senator Ibikunle Amosun, speaking at the occasion, appreciated the Federal government for its intervention, saying the programme was largely targeted at market men and women, artisans, traders, among others.
Amosun who was represented by the Chief of Staff, Chief Tolu Odebiyi, enjoined the beneficiaries not to see the credit facility as their share of the ‘national cake’ but an opportunity for them to create wealth for themselves towards improving their living standard.
‘’Let us show them that we are Ogun State and Ogun standard, don’t see this money as a gift but a loan to be paid back for other beneficiaries too to enjoy,’’ he said.
Earlier in her remarks, the Special Adviser to the Vice President on Social Intervention Funds, Mrs Maryam Uwais, charged the people of the State to key into the programme which the Federal government has set aside to boost small scale businesses across the nation, appreciating the Ogun State government for embracing the programme, with the assurance that the entire local councils in the State would be covered.
In the same vein, the State Focal Person and Commissioner for Special Duties, Barr. Leke Adewolu, congratulated the beneficiaries and implored them to pay up the loan within the stipulated 6 months period for the money to go round as it was interest free