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Mimiko gives N280m loan to 3,396 artisans

AKURE—GOVERNOR Olusegun Mimiko of Ondo State yesterday disbursed N280 million to 3,396 artisans across the state during the flagging off of a loan scheme for artisans under the Special Transformative Artisan Repositioning Scheme, STARS.

Also, tipper lorries, fault detecting machines, grinding  machines, drums of carbide and welding machines totalling 264 were distributed to artisans across the 18 local government areas of the state.

The state government also declared 29th November every year as Artisans Day in Ondo State and will next year sponsor some artisans to India for training to sharpen their skills in order to improve on the practice of their trade.

Speaking at the ceremony, Mimiko pointed out that the loan will attract 9 per cent interest rate and one year loan tenure.

He said “this I must say is a test case. Their faithfulness in the distribution among members of the groups and the repayment thereafter shall definitely determine the size of their next trance of loan.

“Artisans are an important factor in the stimulation of economic activities across the length and breadth of the state. They are the engine room for industrial development.

“The scheme is designed in such that soft loans and  equipment are given to artisans in order to motivate them to work harder, be more dedicated and expand their business because artisans of all grades and categories form a major force in our society and economy.

“Again, this policy initiative of this administration was designed to cater for artisans who have completed their apprenticeship training but could not practice their trade due to lack of funds as well as those that are in the trade but need financial empowerment for better performance.

”Loan disbursement under this scheme is specifically designed to favour clusters of artisans that are homogenous and cohesive for easy monitoring and loan recovery.

“This is to encourage cross-guarantee among the artisans belonging to a common cluster group, promote better understanding and to encourage peaceful industrial harmony that will engender rapid industrial development.

“In past years, artisan development has been relegated to the background and as a direct result, majority of our youths now engage in quick money making ventures such as Motorcycle Riding (OKADA) and Telephone Vendoring (GSM) among others to the detriment of specialisation in artisanship.

Through this initiative, we believe it will reposition their level of productivity and encourage them to improve the quality of their products and services.

“Our commitment and determination to liberate the people from poverty manifest in all our efforts since assumption of office. We are not just going to alleviate poverty, but to eradicate it, generate  employment and create wealth as a platform for better performance” .


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