'Seun Ibukun-Oni, Abuja
DAILY COURIER — Ogun State Governor, Prince Dapo Abiodun, has announced the initiation of a N500 million soft loan scheme designed to support artisans and traders across the state. The scheme, named “Oko’wo Irinse Dapo,” is a key component of the state administration's economic development strategy and is expected to be rolled out within 30 days, pending the finalization of disbursement details.
In a statement released on August 21, 2024, Governor Abiodun highlighted the critical role that traders and artisans play in Ogun State’s economic framework. The “Oko’wo Irinse Dapo” initiative aims to provide financial support to these vital sectors as part of the administration's broader ‘Building Our Future Together’ agenda.
The Governor emphasized that the distribution of the soft loans is not the only component of the state's effort to bolster economic development. In addition to the loan scheme, the administration is also allocating grants and subventions to over 200 community development associations and various development committees across Ogun State. This move is intended to strengthen local community initiatives and enhance the overall impact of state-led development projects.
Furthermore, Governor Abiodun announced the forthcoming Ogun Youth Empowerment and Entrepreneurship Scheme (OG-YES), which will offer additional loans and grants specifically targeting youth empowerment. This scheme is designed to complement the “Oko’wo Irinse Dapo” initiative by providing further financial resources to young entrepreneurs and community leaders.
The Governor’s statement also acknowledged the Community Development Council for recognizing the administration as Grand Patrons during the International Community and World Trade Day celebrations. This recognition underscores the state government’s commitment to engaging with and supporting community-driven initiatives.
Governor Dapo Abiodun reaffirmed his administration’s dedication to community empowerment and policy-making that prioritizes the well-being of Ogun State’s residents. Through these initiatives, the government aims to stimulate economic growth, enhance livelihoods, and reinforce the role of community organizations in shaping the future of the state.
The rollout of the N500 million soft loan scheme and other associated programs reflects the ongoing efforts of Ogun State’s leadership to address local economic needs and support key sectors of the state’s economy.
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