17th March, 2011
Some self-employed youths in the Federal Capital Territory have called for improved electricity supply to enable them stay in business.
They expressed their worries on Wednesday in Abuja in an interview with the News Agency of Nigeria (NAN).
â€œWe keep using diesel everyday and the maintenance and all that has not been easy. With improved power supply, I can do better, said Mrs. Ogbuo Ifeoma, a small scale entrepreneur.
She stated that she had tried in vain to secure loans from cooperative societies until a microfinance bank came to her rescue.
Victor Joseph, a pharmacist, spoke on the frustrations of setting a business, noting that government should give loans to upstarts without attaching stringent conditions.
â€œI have never received help from government and I have not tried any of the banks because before you do that you must have collaterals, but where do I get one,â€ he asked.
â€œIf only power could stabilise, this will mitigate our problems,â€ he said.
Dare Omotosho an artist, decried the high cost of doing business in Abuja, noting that the incessant power failure had compounded the problem.
NAN recalls that only recently, Minister of Youth Development Akinlabi Olasunkanmi called on public and private sector to assist the youth by granting loans to them to start their business.