The Oyo State Governor, Seyi Makinde has flagged off a N1 billion Micro, Small and Medium Enterprises (MSMEs) Development Scheme as part of interventions targeted at stimulating economy of the state, post COVID-19 pandemic.
Makinde said that the flag off of the scheme, which took place in Ibadan, was part of the state’s post-COVID-19 economic recovery plans.
The Governor, while presenting cheques to some of the beneficiaries, said the scheme would not only stimulate the economy of the state but create more jobs for its teeming youths and make owners of MSME to be self-reliant.
He urged all beneficiaries to make judicious use of the loan by abstaining from ventures and activities that could ruin their businesses.
Speaking on behalf of the beneficiaries, Olakunle appreciated the Makinde-led administration for deeming it fit to provide the loan and promised that the loan would be used judiciously.
Peace PIAK
