Disbursing the money in Ibadan on Thursday, the state Coordinator of NDE, Mrs Olayinka Olayemi, said that the initiative was designed to help the women start up and expand their small businesses.
She said that the programme was under NDE’s Micro Enterprises Enhancement Scheme (MEES) to contribute to the economic growth and poverty reduction.
The News Agency of Nigeria (NAN) reports that each of the beneficiaries received N10,000 as financial backing to start up a micro business of their choice or expand on the existing one.
“It is crucial to stress that this disbursement scheme is necessary to cushion the effect of COVID-1 9 pandemic on the country’s economy especially now that global economies are battling to remain aloof.
“The Federal Government, in its effort to reduce the high unemployment rate and kickstart micro economic activities in the country, came up with this initiative so as to bring the economy back to track.
“It is worrisome that our women who are nation builders are badly hit by the pandemic and this gesture will help them get back on their feet and contribute meaningfully to the development of the nation’s economy,’’ the coordinator said.
Olayemi recalled that over 1,500 women in the state had earlier benefited from the scheme since it commenced in December 2019.
According to her, the previous beneficiaries now have amazing testimonies to share as they are doing well in their various endeavours.
She advised the beneficiaries to make judicious use of the revolving loan and ensure good turnover for appreciable opportunity in the future.
In her remarks, the Southwest Zonal Director of NDE, Alhaja Aolat Safari, urged the beneficiaries to ensure effective utilisation of the funds and engage in productive businesses.
The zonal director, who was represented by Mrs Stella Odunwa, said the directorate had various skills acquisition programmes that could enable unemployed Nigerians, especially youths and women, to get trained and be self reliant instead of engaging in social vices.
Mrs Oboge Adeyinka, who spoke on behalf of other beneficiaries lauded the gesture and promised to make good use of the funds and repay on time for the benefit of others.
News
FG disburses N5m to empower 500 women in Oyo

Ibadan, Sept. 3, 2020(Nigeria news 24) The National Directorate of Employment (NDE) has disbursed N5 million as revolving loans to 500 women across the 33 local government areas of Oyo State to boost their businesses.
News
IPOB’s lawyer accuses Anambra govt of violating citizens’ rights, wants all arrested charged to court
News
Osun Amotekun recruits accuse Adeleke’s govt of nepotism
News
Opposition no longer safe with recruitment of Osun PDP members into Amotekun – APM

The Allied Peoples Movement (APM) in Osun State has raised concerns over the alleged recruitment of members of the Peoples Democratic Party (PDP) into the state’s Amotekun Corps, claiming it threatens the safety of opposition members.
In a statement issued on Friday, APM Chairman, Mr. Adewale Adebayo, criticized the recruitment process, alleging that non-PDP applicants were deliberately screened out. He warned that Amotekun, originally created to enhance security, was being turned into a political tool.
“We are disturbed by the protest by well-meaning Osun residents who applied but were deliberately excluded because they are not PDP members,” Adebayo stated.
He further alleged that over 1,000 PDP members had been recruited into the corps, describing it as an attempt to silence opposition voices. According to him, the recruitment exercise was merely a formality to cover up a pre-arranged selection process favoring ruling party members.
APM has called for the resignation of the Corps Commandant and Field Commandant of Amotekun, demanding an apology to the affected applicants and the people of the state. The party insisted that the security outfit must remain apolitical to maintain public trust.
Neither the Osun State Government nor the leadership of Amotekun has responded to the allegations as of the time of this report.
-
News11 hours ago
Obi donates N20m to Colleges of Nursing in Ahiara and Ihiala
-
News11 hours ago
Kano Emirate Tussle: Appeal Court halts Emir Sanusi’s reinstatement
-
News11 hours ago
Damagum bows as PDP Govs move to re-assert ‘selves over party affairs
-
News6 hours ago
N10bn Alleged Loot: SGF Akume’s PA ,Torhile Uchi Turns Chinery
-
News11 hours ago
Tinubu’s administration not running govt in secrecy — AGF Fagbemi
-
News11 hours ago
Starship to leave for Mars at end of 2026 – Elon Musk
-
News2 hours ago
IPOB’s lawyer accuses Anambra govt of violating citizens’ rights, wants all arrested charged to court
-
News3 hours ago
Joint patrol team neutralises notorious kidnapper in Nasarawa