The Ogun State Government has started giving businesses and artists throughout the state N500 million in soft loans.
The soft loan, known as “Oko’wo Irinse Dapo,” will be handed to traders and craftsmen within 30 days once the necessary arrangements have been finalized, according to the state governor, Dapo Abiodun, who had earlier announced the plan.
He said:
Additionally, the governor declared that community development associations and area, zonal, and senatorial development committees throughout the state would be receiving grants and subventions, the Punch reported.
According to him, more than 200 community development associations will be awarded funding totaling between N200,000 and N5 million.
In addition, twenty zonal development committees, three senatorial community development committees of the Ogun state trade council and the Ogun state community development council will receive administrative grants and subventions.
TimesNow.com.ng earlier reported that Doris Uzoka-Anite, Nigeria’s Minister of Industry, Trade, and Investment has announced that the federal government will begin disbursement of N150 billion in loans to micro, small, and medium enterprises (MSMEs) by the end of July 2024.
The minister made this disclosure in a post on X (formerly Twitter) on Thursday, June 27, 2024.
She also revealed that Nigerians still have opportunities to apply for the Presidential Conditional Grant Scheme.
Source: TimesNow.com.ng
