Oyetola begins disbursement of CBN's MSME loans

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Governor Gboyega Oyetola of Osun

Governor Gboyega Oyetola of Osun State will today begin the disbursement of N636.2 million Central Bank loans to 2,000 beneficiaries.

The disbursement, which will hold at Mandela Freedom Park, Osogbo, is in continuation of the Medium, Small, and Micro Enterprises Development Fund from the Central Bank of Nigeria (CBN), in conjunction with the state.

Sanya Olopade, the acting General Manager of Osun Micro Credit Agency, in a statement by the media office of the agency, said artisans, traders, farmers, manufacturers, and producers are among beneficiaries.

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“With today’s disbursement launch by Governor Oyetola, the total number of beneficiaries will be 31, 888 and the total amount disbursed for Medium and Small Micro Enterprises Development in the state so far will be N6.5 billion.”

The categories of beneficiaries expected at the venue today, as contained in the statement, are artisans, traders, farmers, manufacturers and producers under the Small and Medium Enterprises, individuals and the public.

The statement enjoined beneficiaries and other expected dignitaries to arrive the venue not later than 9am to receive their benefactor and facilitator of the financial intervention, Governor Oyetola, by 10 am.