The Osun State government has launched a 100 million naira post-COVID-19 scheme under the economic intervention pilot programme.
The state governor, Gboyega Oyetola said his government will disburse 100 million naira to 2,000 beneficiaries after undergoing entrepreneurial development training.
According to Oyetola, the initiative was conceptualised to reposition the state economy which he said had become weak due to the COVID-19 pandemic.
He said his administration decided on an economic strategy to generate 15,000 direct jobs annually through the intervention programme.
The governor further stated that the scheme would help to engender socio-economic and commercial development.
He said the strategy would strengthen industrialisation, commerce and investment as well as enhance human capital development.
It was gathered that the N100 million would be disbursed as seed loans to beneficiaries through the Bank of Industry.
Also, the Small and Medium Enterprise Development Agency of Nigeria will conduct entrepreneurial development training for the beneficiaries to ensure the programme achieves the desired objective.
Get real time update about this post categories directly on your device, subscribe now.