Ado-Ekiti, April 2, 2024 – Kayode Fasae, the Ekiti State Commissioner for Wealth Creation and Employment, says the proposed agency banking scheme in the state will create over 1,000 direct and indirect jobs.
He said it would also create entrepreneurial opportunities for the people at the grassroots.
Fasae said this during an advocacy visit to the State Council of the Traditional Rulers in Ado Ekiti.
He said traditional rulers in the state would have important roles to play in ensuring the success of the scheme which will soon become operational in the state.
Fasae said the current administration in the state was passionate about the wellbeing and the growth of the people in terms of job creation
He said Governor Biodun Oyebanji had approved N250 million as a startup loan to support Micro, Small and Medium Enterprises (MSMEs) under the Ekiti State Employment Trust Fund (ETF).
The commissioner said the scheme would provide funding support to MSMEs in Ekiti at low interest rates.
He said the scheme would solve the problem of limited access to financial services in the rural areas as well as engender the growth of small and medium enterprises (SMEs) in the rural areas of the state.
Fasae said his ministry would commence Data collation of intended beneficiaries soon, adding that the scheme would be funded by the partnering banks, while the Government would provide a conducive environment for its safe and smooth operations.
He said the state government was collaborating with Wema Bank in training about 20,000 participants between the ages of 18 and 50 years in different skills and vocations like agribusiness, information and communication technology (ICT), among others. (GBN)
