Osun Lawmaker Gives Loans To Market Women

In line with his campaign promises to ensure the people of Ede North State Constituency of Osun State enjoy the dividends of democracy, the lawmaker representing constituency at the State House of Assembly, Honourable Debo Akanbi, popularly called Osunagbeni has given out a soft loan of N1.5 million to market women in the area. Giving…”
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October 7, 2011 12:54 pm
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In line with his campaign promises to ensure the people of Ede North State Constituency of Osun State enjoy the dividends of democracy, the lawmaker representing constituency at the State House of Assembly, Honourable Debo Akanbi, popularly called Osunagbeni has given out a soft loan of N1.5 million to market women in the area.

Giving out the loan in Ede last Friday, the lawmaker disclosed that over 400 market women were the beneficiaries of the programme, which was initiated by him under the Debo Akanbi Economic Empowerment Programme.

According to him, after the distribution of the loan, which he described asthe first phase, more people would still benefit in the second and third phases, which he noted would be initiated before the end of the year.

He further disclosed that he has begun the construction of a company in Ede town that would ensure the creation of jobs for the people, especially the youths in the constituency.

The lawmaker stated that the beneficiaries would not pay any interest on the loan given to them, as he had agreed with the bank that packaged the programmeto be deducting the interest on the loan from his salaries every month.

Akanbi noted that the programme was initiated by him to appease the people of the constituency for standing by him in the face of intimidation, especially since 2007, when the mandate given to him was stolen, saying that the programme was just a tip of the iceberg of what he has in the offing for the people of the area.

Presenting the loan for the beneficiaries, on behalf of Governor Rauf Aregbesola, the Commissioner for Commerce, Cooperative, Industry and Empowerment, Mr. Ismail Alagbada, appealed to the beneficiaries to use the money judiciously, with a view to giving others opportunities to benefit from a similar programme.

He lauded the lawmaker for his initiative in assisting the administration of Aregbesola in the area of empowerment of the people of the state, saying that the administration was determined to empower the people, either through loans or creation of jobs, which he noted, had begun with the creation of jobs under Osun Youths Empowerment Scheme, OYES.

Commissioner for Women Affairs and Social Welfare, Mrs.MofolakeAdegboyega, also advised the beneficiaries to make use of the loan with intention to make profit and repay the loans for others to benefit.

She further called on the people of the state, to continue praying for the administration of Aregbesola, for it to achieve its desired goals for the development of the state and its people.

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