By Femi Alabi
The Governor of Osun State, Ademola Adeleke has said that his administration has released the sum of 3.4 Billion Naira Cooperative loan for Small and Medium Enterprises in Osun SMEs.
Adeleke on his official X handle held that government is targeting forty five thousand SMEs as beneficiaries of of the revolving loan scheme.
He said, “This loan scheme tagged “State Special Ward Level Cooperative Loan Programme” will benefit 46 SMEs in each of the 332 political wards across the nine federal constituencies in three phases making a total of 45,816 beneficiaries.
“The disbursement is expected to take off with the first phase with 15,272 beneficiaries receiving a total sum of N 1.145 Billion.
“Interested SMEs must belong to a trade association with a letter of character attestation to be provided from their trade association before disbursement”. The governor stressed.