Oyo State Governor, Seyi Makinde has commenced the disbursement of loan support to the beneficiaries of the sustainable action for economic recovery, SAfER.
The State investment and public private partner agency, OYSHPA made the symbolic presentation of the cheques, to the selected small and micro enterprises across the state, at the conference room of the office of the secretary to the state Government, state secretariat, Agodi Ibadan.
In his goodwill message, the Chief of Staff to the Governor who doubles as the Chairman, SAfER programme, Hon Segun Ogunwuyi, maintained that the loanees were properly scrutinized by the state micro finance banks, adding that the beneficiaries were loaned based on their business capabilities.
He added that aside from the loan support, other efforts of Governor Seyi Makinde-led administration to mitigate the effects of subsidy removal include food intervention, transportation, health and food security through loan and farm input to farmers.
Earlier in his remark, Chairman, SAfER SME sub-committee, Professor Musibau Babatunde, noted that the loan support will not only boost SMEs which is the baseline of the state economic activities, but will also help in achieving sustainable development goals of Governor Makinde.
In his welcome address, the Director-General, OYSIPA, Mr. Olatilewa Folami, enjoined the beneficiaries to deploy the loan into profitable businesses and ensure repayment for others to benefit.
Some of the beneficiaries, who lauded the Oyo state government pledged that the loan will be used to sustain their businesses as well as contribute to the revenue generation of the state
The small and micro enterprises loan support scheme under Oyo SAfER ranges from 50 to 200 thousand, and 250 thousand to a million naira from designated micro finance banks across the seven geopolitical zones of the state.
The highlight of the event was the symbolic presentation of the cheques to the beneficiaries.
The Programme was attended by some top government functionaries, and representatives of selected Micro finance banks in the state.
