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“Apply”: Ogun State Begins Disbursement of N500m in Soft Loans, Announces Those Qualified to Apply [Video]

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  • The Ogun state government has begun providing N500 million in soft loans to companies and artists in the state
  • After all the essential arrangements are made, this will be given to dealers and craftspeople in 30 days
  • Grants and subventions would be given to senatorial, zonal, and area development committees around the state

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

The Ogun State Government has started giving businesses and artists throughout the state N500 million in soft loans.

Funding ranging from N200,000 to N5 million will be granted to over 200 Community Development Associations. Photo Credit: Cavan ImagesSource: Getty Images

The soft loan, known as “Oko’wo Irinse Dapo,” will be handed to traders and craftsmen within 30 days once the necessary arrangements have been finalized, according to the state governor, Dapo Abiodun, who had earlier announced the plan.

He said:

“In fulfilment of the promise …

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