Breaking News

N1bn SMEs loan: Ogun, BoI advises youths to take advantage

By Princewill Ekwujuru

The Ogun State Commissioner for Commerce and Industry, Bimbo Ashiru, has tasked trainees under  its Start-Up Ogun Youth Enterprise Training – Young Farmers’ Version in partnership with British American Tobacco of Nigerian Foundation, BATNF, to take advantage of the Bank of Industry, BOI and the state’s N1 billion Small and Medium scale Enterprises (SMEs) loan for actualisation and practicality of their learned businesses.

The commissioner made this disclosure at the closing ceremony of the start-up Ogun Youth Enterprise Training Programme in partnership with British American Tobacco of Nigeria Foundation, BATNF.

Ashiru, whose ministry works with the BATNF and the Kinderlech Centre on “Start-Up Ogun Youth Enterprise Training, declared that the state government would continue to expand its initiatives in wealth creation and employment generation through economic engagement of jobless youths in the state.

He added that the BATNF enterprise initiative would go a long to provide support in strengthening government socio-economic plans as regards agriculture and industrialisation.

“Not everybody will do white-collar jobs; you can use internal creativity to become who you want to be in life. You could see the business plan presentations they did today. Six groups presented different vocations and businesses which are highly creative and innovative “, he said.

Speaking, Executive Director of the Foundation, Mrs. Oluwasoromidayo George, disclosed that the Foundation has identified the agrarian status of the state and decided to invest in Corporate Social Investment, CSI.

George said the training, empowerment and mentorship on agriculture-based enterprise was designed to foster creativity and innovativeness in business idea development and business networking promotion geared towards the creation of both direct and indirect jobs as well as the wealth creation.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.