EKO NEWS
LSETF Partners Lagos LG To Give Farmers, Traders N30m Loans
The Chairman of Ikorodu Local Government Area of Lagos state, Mr Wasiu Adesina, has pleged to partner the Lagos State Employment Trust Fund, LSETF, to roll out N30 million soft loans to farmers and traders in the state.
Adesina made the pledge at the flag-off of 1,642 metres two-side drainage construction at Ita-Elewa to Itunmoja, Ikorodu, on Monday.
EKO HOT BLOG reports that the project is scheduled to be completed within six months.
Adesina said the partnership would help to enhance food production, businesses and investments in the area.
DITOR’S PICKS
- Focus on Hard Work, Not Just Prosperity – Osinbajo Tells Nigerian Churches
- Olympics Best Basketball Coach: Tinubu Hails As D’Tigress’ Wakama On Award
- WAEC to Release May/June 2024 WASSCE Results Today
The chairman added that it would expand the scope of traders’ access to soft loans for economic growth and development.
“We are going to work with the LSETF and banks to roll out the soft loans, arrangement is on the pipeline.
“The money will be disbursed to farmers, market men and women to boost their trading.
“The bank will screen the eligible ones while repayment will start after three weeks with low interest which will be paid by the local government,” he said.
Adesina said the loan would act as a stimulus package to support some enterprising youths and women in Ikorodu community.
Speaking on the drainage construction, the council boss warned against indiscriminate dumping of refuse for free flow of water.
He urged residents to construct standard toilets, adding that erring defaulters would be arrested.
Adesina also highlighted some of his administration’s achievements in the second quarter and plans for the third quarter.
This, he said, include training of 100 women on fashion designing and the construction of Solomade road, currently at 50 per cent completion.
He said the ongoing construction at Sanni Arowolo and Dada streets would boost the local economy of the community upon completion.
“My administration will move to construct the Eleshin Street to show that the community is under Agura ward C in Ikorodu Local Government.
“We intend to improve the architecture of the ward which is also unique to us,” he said.
FURTHER READING
- Rwandan President, Paul Kagame Sworn in for Fourth Term
- Benue PDP Crisis: Sheath Your Swords -Ortom Urges Supporters
- BREAKING: Explosion Rocks APP Secretariat in Rivers
Also speaking, Wasiu Akinsanya, Alase of Itunmoja and Mrs Sonubi folake, the Iyalode of Ikorodu, thr traditional leaders f the community, commended the council chairman for bringing the dividends of democracy to their domain.
They appealed to youths and members of the community to cooperate with the contractor for seamless and timely delivery of the project.
EKO HOT BLOG reports that the All Progressives Congress chieftains, traditional leaders, councillors representing the ward and council management staff were all present at the event.
Click here to watch our video of the week:
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
