Adeleke presents N200m to microcredit loans agency for beneficiaries

Gov. Ademola Adeleke of Osun, on Thursday, presented N200 million to the state microcredit loans agency for disbursement to prospective beneficiaries in the state.

Adeleke, represented by his deputy, Mr. Kola Adewusi, said his administration understood that the prosperity of any society lies in the strength and functions of its small and medium-scale enterprises.

He said that the micro, small, and medium enterprises were the bedrock of the state’s economy, which served the purpose of job creation.

Adeleke said that the microcredit agency had been a vital partner in the present administration’s shared vision of economic prosperity in the state.

“Also, with the disbursement of N200 million, I am convinced that another step has been takentowards building a vibrant entrepreneurial skill set that fosters innovation, resilience, and sustainability,” the governor said.

In his welcome address, the general manager of Osun Micro Credit Agency, Mr. Muritala Olagunju, appreciated Gov. Adeleke for leaving no stone unturned in stimulating economic prosperity and wealth creation in the state.

Olagunju said that over 3,000 small and medium-scale business owners would benefit from the revolving loans.

Also, the Commissioner for Commerce and Cooperative, Mr. Bayo Ogungbangbe,lauded the present administration for sustaining the Micro, Small and Medium Enterprises Development Fund.

Ogungbangbe calledon the prospective beneficiaries of the revolving loans to make judicious use of them.

The program climaxed with the presentation of a dummy check of two hundred million naira to Osun Micro Credit Agency.