Ajimobi to offer N300m Interest-free Loan to Oyo State Traders

Traders in the 33 Local Government Areas of the state will have access to government’s N300 million interest-free loans in January 2014, says Gov. Abiola Ajimobi of Oyo State.

 

This was disclosed on Sunday at an interactive session with market men and women held at the House of Chiefs, Parliament Building at Secretariat in Ibadan.

 

“Oyo state traders will be entitled to this interest-free loan. The loan will be co-ordinated by members of the executive organs of the six umbrella bodies of market associations in the state,’’ he said.

 

According to the governor, each of the bodies would receive N50 million and urged the associations to ensure that the loan circulated by the members, and said no fewer than 20 neighbourhood markets would be completed in 2014 to cater for traders who were banned from selling their wares along the roads.

 

People commended the governor for the initiative and at the same time garnered supports from the traders for his re-election into the office.

 

“You are a different governor. We have never had it so good. Your tenure has witnessed a lot of good things for the people of the state. Once you make promises to the people, you ensure you fulfill them,” Oladapo said.

 

The traders also pledged their support for Ajimobi’s second term as governor, pledging that they would do everything to ensure his re-election “for the sake of continuity of good governance in the state’’.

 

The News Agency of Nigeria reports that the interactive session involving the governor and the traders was aimed at strengthening the relationship between government and traders in the state.