Ogun State Governor, Prince Dapo Abiodun, has rolled out a N500 million soft loan scheme aimed at supporting artisans and traders across the state. This initiative, named “Oko’wo Irinse Dapo,” was announced during the 2023 International Community Day and World Trade Day celebration held at the M.K.O. Abiola Stadium in Abeokuta.
Governor Abiodun highlighted the significant contributions of artisans and traders to the state’s economy, emphasizing that his administration is committed to their welfare as key partners in the “Building Our Future Together” agenda. He assured that the loan disbursement, set to begin within 30 days after the completion of necessary procedures, will directly benefit these hardworking individuals.
“In fulfilment of my 2022 promise, I have instructed the relevant commissioners to finalize the modalities for this loan’s disbursement. The N500 million is ready, and within a month, our artisans and trade unions will start benefiting,” Abiodun stated.
Additionally, the governor announced the distribution of grants and subventions to various community development associations, along with area, zonal, and senatorial development committees throughout Ogun State. Over 200 Community Development Associations (CDAs) are set to receive grants ranging from N200,000 to N5 million, with further financial support extended to 437 Area Development Committees and other key groups.
Governor Abiodun also introduced the forthcoming Ogun Youth Empowerment and Entrepreneur Scheme (OG-YES), which will provide additional loans and grants as part of the government’s ongoing efforts to support community-driven development and infrastructure projects.
The event also saw the governor and the Commissioner for Finance, Mr. Dapo Okubadejo, being honored as Grand Patron and Patron, respectively, in recognition of their support for community development initiatives.
Chief Taiwo Lucien, Chairman of the Community Development Council, praised the governor for his continued support, particularly for the provision of palliatives to cushion the effects of the fuel subsidy removal, and assured ongoing collaboration for the state’s growth.
