Oyo State government says it is floating a total of N1.7 billion loan schemes to boost economic development.
Adebayo Olagbenro, the commissioner for trade, investment and cooperatives, said this at the annual general meeting (AGM) of Ibadan Chamber of Commerce and Industry (ICCI).
“Oyo State government is floating N1.7 billion loan schemes to ignite rapid business development,” he said.
Read also: FG begins disbursement of interest-free loan to women, artisans
The News Agency of Nigeria reports that the N1.7 billion loan schemes are in three segments: N1 billion, N500 million and N250 million.
The commissioner said that the schemes, which aimed at fighting unemployment among the populace, were part of Governor Abiola Ajimobi’s economic transformation agenda.
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