By Gbenga Ariyibi Ado Ekiti
Ekiti State has disbursed the sum of N40 million micro-credit revolving loan to about 1,000 self employed individuals and groups across the state.
Speaking while distributing cheques to the beneficiaries of the loan in Ado Ekiti, the state governor, Dr Kayode Fayemi said he decided to jettisioned the mentoring method adopted by the immediate past administration led by Engr Segun Oni in the state
He regretted that millions of naira of micro- credit fund belonging to the state government were trapped in the hands of mentors and guarantors of the beneficiaries during the regime, saying he preferred to have a direct access to individuals and groups who wish to benefit from the revolving loan.
Fayemi assured that his government would not mount undue pressure on the beneficiaries in its attempt to recoup the fund from them, just as he would give recognition to individuals and societies that indicate intention to benefit from scheme.
The governor urged the beneficiaries to respond quickly to the repayment of the loan to allow other members of the public to benefit.
Fayemi noted that members of the drivers and motorcyclists unions in the State have benefited similar gesture in the past, adding that all the sectors of the economy will benefit from the gesture to give the State a robust economic base to reduce poverty among the citizenry.
He said his government is poised towards making poverty a history in the State by tackling the menace at all fronts through provision of jobs to unemployed youths and by encouraging self employment among the youths.
Responding on behalf of the beneficiaries, the Iyaloja of Igbara-Odo Ekiti in Ekiti South West Local Government Area of the State, Chief Mrs Ajoke Haastrup, appealed to members to make judicious use of the fund
She appealed to them to repay the money at the expected time to encourage the government to sustain the scheme and widen the frontiers for more beneficiaries.