In his avowed determination to bring happiness to the doorsteps of the people of Ondo State, Governor Olusegun Mimiko says his administration has disbursed over N1.5 billion to various groups under its micro credit scheme.
Dr. Mimiko stated this on Tuesday, September 7, 2016 while speaking at the 3rd batch of loan disbursement and presentation of cheques to beneficiaries under the CBN/Ondo state Micro, Small and Medium Enterprises Development Fund (MSMEDF), at the International event centre – The Dome in Akure.
At the event where a sum of N219.5 million was disbursed to about 500 beneficiaries, Governor Mimiko disclosed that a total of N622.2m has been disbursed under the MSMEDF apart from the ones disbursed through the Agbebiye initiative, STARS and loans to market men and women in the state.
Governorship candidate, Eyitayo Jegede (SAN), presenting a cheque to
the President of Ondo State Elelubo Association, Hafsat Ajibola
President Elelubo Association, one of the beneficiaries of the
CBN/Ondo Micro, Small and Medium Enterprises Development Fund
(MSMEDF), at the International events center – The Dome, in Akure, on
Tuesday, September 7, 2016
He noted that the gesture was in line with his promise to banish poverty from the state and create wealth, assuring that the state government will continue to inject more fund into the scheme.
“We have deliberately put in place several micro credit schemes that will reduce poverty and also targeted at the people who could not provide requisite collateral security to obtain loans from banks,” Mimiko said.
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While pointing out that close to N2 billion had been given out as loans by his administration since coming on board in the state, Mimiko noted that over N45 million naira had been disbursed under the Agbebiye Repositioning Scheme to the various Traditional Birth Attendants and the Faith Home Birth Attendants who had accepted to key into the State Government’s Agbebiye programme meant at bringing maternal death to zero level in Ondo State.
The Governor, who said that his administration had superseded the successive administrations in the state in loans disbursement, also stressed the need for the people to re-orientate themselves, pointing out that there is no alternative to hard-working.
beneficiaries of the CBN/Ondo Micro, Small and Medium Enterprises
Development Fund (MSMEDF), at the International events center – The
Dome, in Akure, on Tuesday, September 7, 2016
He assured that his administration will continue to place priority on the welfare of the people of Ondo State, urging the beneficiaries of the loan to ensure uninterrupted repayment to allow others to benefit.
Earlier in her address, the chairman of the State Micro-Credit Agency, Mrs. Banke Sutton thanked the governor for his concern towards the plights of the people, noting that the loan will enable the beneficiaries to boost their businesses and contribute to the economic development of the State.
Sutton, who pleaded with the beneficiaries to justify the confidence reposed in them by paying back on time, said that more fund is still available for disbursement if the beneficiaries pay back promptly.
