OGSG Gives Soft Loan To Market Trader's - The People's Voice


Thursday, September 29, 2022

OGSG Gives Soft Loan To Market Trader's

By Jumoke Adeogun, Abeokuta

Ogun State Government through the State Agricultural and Multipurpose Credit Agency (OSAMCA) is disbursing soft loans to market men and women across the State, under the Micro Small and Medium Enterprises (MSMEs) credit facilities, to boost their businesses with an interest rate of 1.67 percent.

The General Manager,OSAMCA, Mr. Olugbenga Abolaji-Israel disclosed this during an interview with OGIS correspondent in Abeokuta, saying the Prince Dapo Abiodun-led administration was determined to improve the capital base of traders in markets with a low-interest rate, to enable them make easy repayment.

Abolaji-Isreal stated that the soft loan had been disbursed in Kuto and Itoku markets, in Abeokuta South,  while traders in Awolowo, Sabo, Tollgate, Oja-Oba markets in Sagamu, as well as Oja Odan market in Yewa North Local Government Areas had also benefitted.

The OSAMCA General Manager pointed out that,’’ the soft loan is aimed at alleviating poverty and improving the wellbeing of the masses under the Dapo Abiodun Empowerment Programme (DAEP), thereby enhancing the socio-economic development of the State’’.

He assured that more traders would still benefit from the loan facility when they have formed themselves into groups of ten and meet up with other criteria surrounding the programme, noting that the skill acquisition training of the Agency was on course.

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