N25b Loan: Only creative unemployed youths’ll benefit – Ambode

Governor Ambode

Governor Ambode

Governor Akinwunmi Ambode of Lagos State said on Saturday that only creative unemployed youths would benefit from the first tranche of the N25 billion State Employment Trust Fund loan scheme.

Ambode made the disclosure at a Youth Empowerment Programme organised by the `Eleniyancare Leadership Foundation’ in Epe, Lagos state featuring over 1,000 youths drawn from across the state.

The empowerment programme is entitled: “Unlocking the Potentials Within: Making your Ideas Work.”

The programme is convened at the instance of Mr Segun Olulade, Chairman, Lagos State House of Assembly Committee on Health Services.

The governor, who was represented by Prince Babatunde Durosimi-Etti, said that the fund would soon be released to only deserving creative entrepreneurial youths as loan.

“His Excellency has said that the disbursement procedure of the fund would soon be out.

“I am aware the board had met with various institutions, they have completed their processes, and they are just putting finishing touches to it.

“There will be opportunity for start offs. There will be opportunity for existing artisans and entrepreneurs and in addition, there will be opportunity for small businesses.

“Ideas, creative and innovations are the prerequisites, opportunities are there, and if you look around your environment the opportunities are there.

“It is going to reach every Nigerian that is eligible; that is creative irrespective of the business area. You just need to be creative.

“Whether we like it or not, we live in a competitive environment.

“The opportunities are there for those that are willing to harness the opportunities, of course they will be able to take the advantages in it.”

According to him, the fund only attracts three percent interest from the beneficiaries.

He, therefore, called on youths to have creative mind and thinking to be able to contribute their quotas to the socio-economic growth and development of the society.

The fund is part of …Read More

Source:: PM Newspaper