Osun: Eradicating Hunger, Poverty Through Soft Loans

Osun: Eradicating Hunger, Poverty Through Soft Loans

The market women, informal workers, traders and artisans in Osun State listened very attentively as the Vice President, Professor Yemi Osinbajo was making his speech at the Nelson Mandela Freedom Park in Osogbo, the capital of Osun State.

The event was the inauguration of the Micro, Small and Medium Enterprise (MSME) Clinic and the Government Enterprise Empowerment Programme (GEEP). The Vice President was striving to convince his audience about the sincerity of the federal government on its programmes. Madam Fadilat Adegbemi, a trader at the Olu-Ode market in Osogbo gazed into the air and hissed. The 58-year-old woman said: “When it comes to the issue of tail, the frog will say, let us skip it”. She rendered a popular Yoruba adage. Then, she bluntly dismissed the federal government initiative getting to the ordinary market woman like her.


soft loan, soft loans
Osun: Eradicating Hunger, Poverty Through Soft Loans

However, Adegbemi became one of the lucky women selected for a Federal Government’s Empowerment Initiative. Certainly, the initiative is under the office of the Vice President tagged Micro, Small and Medium Enterprises (MSME). Also, it was initiated by the administration of President Muhammadu Buhari. Even more, it was aimed at eradicating poverty, hunger, unemployment and other related underdevelopment indicators in the country. At least, the initiative targets 50,000 people in Osun. This changed the impression of people about the commitment of the current administration at the centre.

Osinbajo stated that the scheme was initiated by President Muhammadu Buhari in a bid to support small businesses and enterprises, by providing the people soft loans to run their businesses. He said “the present administration led by President Muhammadu Buhari having seen the SME as the powerful economic backbone of any nation ,decided to take the bull by the horn to empower the sector as part of efforts to stimulate and re-energize the Nigerian economy.”

Read more at www.smefinance.org

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