Osun State government has disbursed the N2 billion Central Bank of Nigeria (CBN) Micro, Small and Medium Scale Enterprises Development Fund to beneficiaries.
The scheme is a partnership with the CBN under the apex bank’s N220 billion Micro, Small and Medium Enterprises Development Fund
At the official ceremony for the distribution of the N2 billion secured by Osun and distribution of second batch of 22 mini-buses in Osogbo, the CBN governor, Godwin Emefiele, said SMEs were essential ingredients of growth for any serious developing country.
The CBN governor, who was represented by his special adviser on development and finance, Paul Nduka Eluowe, affirmed the belief that the polices had raised the state to a higher pedestal, commending the Osun governor for formulating policies and programmes that had economically and financially empowered the people.
READ ALSO: Lee Group partners Osun State to fight Covid-19, donates material
The CBN boss charged the governor to ensure that 60 percent of the N2 billion given to the state should go to women and 2 percent to physically challenged people in the state, saying “I am not surprised that the majority of the people in attendance are women which the CBN believes that women are supposed to be empowered to unleash their potentials.”
The Governor of Osun, Rauf Aregbesola, in his address titled “Marching onto Greater Development Heights,” said his determination to drive the state to a prosperous height was borne out of genuine commitment to take Osun to the height of socio-economic and industrial development.
REMI FEYISIPO
