SOCIAL DEVELOPMENT 53. Our Administration, while working on various sectors of the economy, has equally given attention to empowerment of the women folk, development of our youths and promotion of sporting activities. In this area, our womenfolk have benefitted from three different tranches of soft loan totalling N700 million administered by Ecobank. Nineteen thousand (19,000) women have so far benefitted from this loan scheme which is given out at single digit interest rate. I want to use this opportunity to commend our women for not treating the fund as what is known as their own share of the ‘national cake’. The beneficiaries have kept faith as we have recorded 100 percent repayment rate. We are equally using sports to engage our youths and prevent them from involving themselves in vices. That is why we are renovating the MKO Abiola Stadium. Our administration has equally organised several training programmes aimed at empowering our youths and making them to be self-employed.
Posted on: Thu, 29 May 2014 21:07:29 +0000
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