Home #COVID-19 Post Covid-19: Osun Govt. Releases N100m to 2,000 Beneficiaries

Post Covid-19: Osun Govt. Releases N100m to 2,000 Beneficiaries


By Deborah Oladejo, Osogbo

Osun State Governor, Adegboyega Oyetola on Thursday launched the state’s post-COVID-19 economic intervention pilot programme.

The programme will see the government disbursing a whopping sum of N100million to 2,000 beneficiaries for the pilot phase of the programme after undergoing  Entrepreneurial Development Training.

The initiative was aimed at mitigating the negative impact of the global Coronavirus pandemic on the economy and augment the means of livelihood of the citizens.

Launching the Programme at the Industrial Development Centre, Osogbo, Oyetola said the initiative was conceptualised to reposition the economy which had become weak due to the pandemic, to path of growth, development and prosperity.

He said the administration decided on an economic strategy to generate 15,000 direct jobs annually through the intervention programme as the scheme would also help to engender socio-economic and commercial development.

Oyetola who affirmed the capacity of the scheme to rejuvenate the state’s economy, noted that the strategy would strengthen industrialisation, commerce and investment while also enhancing Human Capital Development as part of the State’s economic repositioning strategy for those that might be negatively affected by the lockdown.

In his welcome remark, the Commissioner for Commerce, Industry, Cooperative and Empowerment, Dr. Bode Olanipekun disclosed that Governor Oyetola, in ensuring that the people live a better life, had conceived the programme since the beginning of the year even before  COVID-19 reached Nigeria.

He assured that the programme would be helpful to the people, as the Bank of Industry has agreed to sponsor entrepreneurial development training through Small and Medium Enterprises Development (SMEDAN).

The State Manager, Bank of Industry, Mr. Ojo Owuro said Osun is the first the Bank of Industry has partnered with among the states of the federation, adding “Osun is ranked one of the least poor states in Nigeria because the people of the State are hardworking. I’ve moved round all the states in the Southwest, the people of Osun are on top of the list of our customers who pay back their loans.”



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