Governor Gboyega Oyetola de Osun, on Thursday, said that the sum of N100 million has been reserved to promote the development of micro, small and medium enterprises (MSMEs) in the state.
Oyetola said his administration had adopted a proactive strategy to stimulate the state’s economy negatively affected by the new COVID-19 pandemic.
The governor spoke at the graduation ceremony of the first group of participants of the Post-COVID-19 Economic Strategy Training Pilot Program in Osogbo.
He said that each of the apprentices under the program would have access to N100,000 as initial loans.
Oyetola said the training program was designed to generate 15,000 direct and indirect sustainable job opportunities annually.
The governor also said the training program was a quick response to the challenges brought on by the coronavirus pandemic.
Oyetola urged beneficiaries to positively use the skills and knowledge acquired in the course of the program so that they can compete favorably in the industrial and commercial sectors.
“As pioneer graduates of this scheme, you are our voice to your successors that this program is useful and feasible.
“You are our proof that entrepreneurship is a worthy solution to youth unemployment and poverty.
“You are our strength that will lay a solid foundation for a sustainable, life-transforming and destiny program that will join other proactive initiatives to deliver the prosperous Osun we seek,” said the Governor.
According to him, under the skills enhancement training program, the state government was able to refocus, redesign and expand the scope, knowledge and relevance of artisans.
He added that the government was able to make the people who lost their jobs during the pandemic relevant “under the new normal orchestrated by COVID-19.”
In his comments, Dr. Bode Olaonipekun, Commissioner of Commerce, Industries, Cooperatives and Empowerment, said that 2,000 participants were trained and empowered with startup loans to support their businesses.
In addition, the Executive Director of Microenterprises of the Bank of Industry, Ms. Toyin Adeniji, praised Oyetola for building a healthy and virile economy for the state.