Lagos provides N100m loan to trainees

The Lagos State Government says it will be providing a soft loan of N100m to trainees in the state’s special programmes.

Governor Babatunde Fashola, said this on Saturday during the fifth edition of the Youth Stakeholders Forum, organised by the state’s Ignite Enterprise and Employability Project in partnership with the After School Graduate Development Centre.

Fashola said the government, in partnership with the Chair Centre, would provide a soft loan of N110m in total for trainees in the photography, agriculture and beauty enterprises.

The governor said, “The government has realised that some of the trainees under the AGDC programmes do not have money to procure equipment. The Chair Centre, owned by the Chairman of AGDC, Mrs. Ibukun Awosika, has come up with an idea to provide a seed sum of N10m that would be available to 100 trainees at N100, 000 each over a 26 month period.

“So, the government has decided to support the initiative by providing an additional N100m that will be available to 1,000 trainees thus making the seed sum a total of N110m that is available to 1,100 trainees.”

 

Source: Punch Newspaper