May 18, 2024

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Gov Adeleke’s N1bn Approved Cooperative Fund Will Boost State Economy – Aide

By Abisola Ariwodola,

The N1-billion revolving loan scheme approved by Governor Ademola Adeleke for traders in cooperatives has been described as an act which will aid businesses and promote the economy of Osun state.

This assertion was made by the Special Adviser to the Governor on Public Enlightenment, Hon. Eniola Odeniyi during the market sensitization organized by the Ministry of Information and Public Enlightenment at Alamisi Market, Ikirun in Ifelodun Local Government Area of the state.

According to Hon. Odeniyi, the availability of funds to the traders, who are predominantly market men and women, is a good avenue to stock products for sale and invest adequately in their various businesses.

Speaking with the traders at the market, he urged them to get registered with the accredited cooperative agencies in the state, adding that this will make the loan easily accessible to them.

The SA, during the market rally specifically put in place to propagate the activities of the government of Governor Ademola Adeleke and also to capture citizens needs, lauded the present administration for prioritising stability and sustainability of the state economy.

He said further, that the loan will be operated based on principle of accountability and transparency at a single digit interest rate through the cooperatives and micro credit agency.

Also speaking the Iyaloja General, Chief Mrs Mary Oyebode, commended Governor Adeleke for the initiative, urging the market men and women at Ikirun to join the right cooperative society in order to benefit from the loan. She then enjoined them to ensure repayment of the loan according to stipulated duration, to enable others access it as appropriate.

At the market rally were staff of Ifelodun local government, the Permanent Secretary, Ministry of Information and Public Enlightenment, Mrs Modupe Irelewuyi, directors amd deputy directors of the ministry among others.