ODSG PROMOTING THE WEALTH OF THE MASSES THROUGH SUSTAINABLE LIVELIHOOD


What seemed inconceivable for some skeptics in seeing how the Akeredolu led administration could effectively employ the micro credit agency as a platform for massive economic growth in the grassroots and development is now coming into fruition.

Through the Ondo State Micro credit agency, Artisans, youths, market men and women in Ondo state are in for a good time , as the present administration has left no stone unturned in its bid to ensuring a better life for all
The Ondo state micro credit agency was conceived and tailored as a grassroots economic outfit, which was   designed to meet the credit needs of low-income groups across the 18 local government in the state.

Against the stringent conditions usually imposed on low-income earners in the state, the micro credit scheme was designed to provide credit facilities to them without any backbreaking conditions attached.
Under the Ondo state micro credit agency, various scheme such as the Apalara Scheme, which was designed to enable market women access improved loan offers, as well as other empowerment scheme.

Under the Apalara scheme, the state governor has   distributed loans worth N550 million to market women, entrepreneurial groups and cooperatives societies in the state.  Market women received N357.5 million (65 per cent) of the loan, while male traders got N192.5 million (35 per cent). Other schemes includes, the special transformative artisan repositioning scheme, the Yam Farmer Empowerment scheme, the Widow Resettlement and Empowerment Loan scheme and the Special Intervention Programme.

Through the successful running of the scheme, the Ondo State government has successfully increased the purchasing power of the citizens of Ondo State, it has also enhanced the quality of life of the targeted groups and families ; also it has seen to a great deal of improved artisans product as a result of the access to loans which has boosted their production rate

Amudipe Marcus
TCC NEWS