21st November, 2014
In a bid to better the lot of the people in Ogun State Central Senatorial District, former Commissioner of Youths and Sports in the state, Prince Lanre Tejuoso has partnered with a Lagos based microfinance bank, FinaTrust Micro Finance bank to facilitate loan for the funding of the people’s small and medium scale businesses.
The event which was held at the NLC State secretariat, along Abiola Way, Abeokuta on Thursday saw the opening of bank accounts and distribution of customised Automated Teller Machine (ATM) cards to 500 beneficiaries from the first phase of the empowerment programme.
The effort which was aimed at improving the standard of living of the people through granting of loan facilities for the establishment of Small and Medium Scale Enterprises (SMEs).
Speaking with our correspondent after the distribution of the ATM cards to the beneficiaries, the bank Head of Retail, Bukky Adepitan disclosed that the bank will soon open a branch in Abeokuta, assuring that the first set of beneficiaries should spend the funds judiciously and not see it as part of the national cake.
“What we are doing here is a continuous exercise; we have decided to simplify the process of granting loan to the people.
The people do not have to bring any collateral before they can access loan with us, Prince Tejuoso has not only provided himself as a guarantor for them, he has also promised to pay some stipends into the accounts on a monthly basis.
“All what they (beneficiaries) need to do is to come up with a viable business proposal for business establishment and the bank will grant them the loan after talks and advice on how to judiciously manage the money,” the bank official said.
Responding to question on whether the loan is from the government or an individual, Adepitan declared that, “The money is not a government money or that of the Prince, it is from the bank. We don’t know them, he knows them and that is why we have agreed with him to be their guarantor.”
Speaking to newsmen after the event, the former Commissioner, who is aspiring for the upper chamber to represent Ogun Central senatorial district, Prince Dr.Lanre Tejuosho explained that the motive behind the programme is to ensure that the people are financially comfortable.
“I want to maintain constant connection with my people when I get to Abuja. Whether I’m here or in Abuja, it does not matter, so far as they always feel the impact of governance through adequate representation from me, they will know that I am there for them. This is just the beginning, we are still going to increase the number to like 1,000 or 1,500. It is going to be a continuous exercise and it is not that if I don’t emerge, I will stop it, we just have to empower our people and that is the only way to complement the efforts of the governor,” Tejuoso said.
The programme was attended by APC chieftains from Ogun Central later saw the aspirants alongside his supporters moving to the party secretariat to submit his intention form amid pomp and celebration.
He was welcome by the party officials,who in their various addresses promised a level playing ground for all the aspirants.