By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
P9O Newsletter
Join Us!

Subscribe to our newsletter and never miss our investigative stories, breaking news, podcasts etc..

Zero spam, Unsubscribe at any time.
  • Home
  • Nigeria
  • Politics
  • Metro
  • World
  • Lifestlye
  • Football
  • 2023 Election
Reading: Kayode Fayemi disburses N45 million to 100 SMEs’ owners in Ekiti
Prime 9ja Online
Prime 9ja Online Prime 9ja Online
Aa
  • Africa
  • Business
  • Football
  • Metro
  • Nigeria
  • Opinion
  • Politics
  • Technology
Search
  • Categories
  • _Football
  • _Lifestyle
  • _World
  • _Metro
  • _Politics
  • _Nigeria
  • Pages
  • _About Us
  • _Contact Us
  • _Privacy Policy
Follow Us
Politics

Kayode Fayemi disburses N45 million to 100 SMEs’ owners in Ekiti

A N45 million grant from the social investment programme of Ekiti State Governor Dr. Kayode Fayemi to promote the growth of Small and Medium...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief October 10, 2022
Updated October 10, 2022 at 12:07 PM
Share
Kayode Fayemi disburses N45 million to 100 SMEs’ owners in Ekiti
SHARE
Kayode Fayemi disburses N45 million to 100 SMEs’ owners in Ekiti
A N45 million grant from the social investment programme of Ekiti State Governor Dr. Kayode Fayemi to promote the growth of Small and Medium Scale Enterprises (SMSE) was distributed to 100 small business owners in that state over the weekend.

When disbursing the social investment fund, Fayemi, who was represented by the Commissioner for Finance, Mr. Akin Oyebode, stated that the programme was designed to lessen the financial hardships and other social economic difficulties caused by the COVID-19 pandemic.

Fayemi reaffirmed the administration's dedication to policies specifically designed to reduce poverty among the Ekiti people by providing motivated children, women, and men with business opportunities.

He said: “The programme is an offshoot of the EK-CARES initiative, and falls under pillar 3 of the social investment agenda.

According to the governor, “I appreciate the federal government initiative in collaboration with the world bank at ameliorating the various challenges encountered by entrepreneurs during the pandemic.

“I charge the beneficiaries to make judicious use of the grant for the growth of their businesses. The World Bank officials and independent verification agents shall be visiting the beneficiaries to measure the impact of the grant.”

The Director-General of MEDA in Ekiti State, Kayode Fasae, applauded Fayemi for his interest in alleviating poverty among Ekiti residents, who he said have been badly affected by the scourge of COVID-19.

Fasae said: “The beneficiaries have been drawn from all the local government areas and Local Council Development Areas (LCDAs) through three delivery platforms.”

The state Head of Service, Bamidele

Agbede; Chief Executive Officer of BOSAK Micro Finance Bank, Mr Kola Bello, and state CARES Coordinator, Bukola Ogunlade also urged the beneficiaries to channel the money to what it is meant for.

Speaking for the beneficiaries, Mr Kolade Joshua from Emure Ekiti appreciated the state government for deeming it necessary to cushion the effect of income loss caused by COVID-19 and promised to make judicious use of the grant given to them.
Tags: Politics

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook WhatsApp TwitterEmail Print

You Might Also Like

Facebook Like
Twitter Follow
Pinterest Pin
Telegram Subscribe
Prime 9ja Online

Subscribe to our newsletter to receive our latest updates instantly on your email.

About

  • About Us
  • Privacy Policy
  • Terms
  • Disclaimer
  • Fact-Checking Policy
  • Code of Ethics
  • Corrections and Correctives
  • Editorial Integrity
  • Ethical Conduct
  • Funding

Connect

  • Contact Us
  • Advertise
  • Submit a Tip

© 2025 Prime 9ja Online Media - All Rights Reserved.

Follow Us