Home Featured Youth restiveness, mass poverty: Ijebu monarch doles out N50, 000, N100, 000 soft loans

Youth restiveness, mass poverty: Ijebu monarch doles out N50, 000, N100, 000 soft loans



…300 trained in vocational skills


In a bold step towards addressing youth restiveness, idleness and mass poverty, a traditional ruler in Ogun State has unveiled the third batch of financial empowerment for his subjects and residents of neighbouring communities.


Specifically, the intervention in form cash gifts ranging between N50,000 and N100,000 is for business owners and those who want to set up businesses.


The Olokine of Ojowo in Ijebu, Oba Abdulrasheed Abayomi Banjo, who announced this in a statement, said the disbursement of the soft loan between the residents of Ojowo and those of the adjourning communities will in ratio 70 to 30.


“The Olokine Traditional Council headed by Oba Abdulrasheed Abayomi Banjo will at a business session consider for approval the third batch of financial empowerment for business owners who are residents of Ojowo and those of other neighbouring towns in ratio 70:30,’’ High Chief Femi Ogunlari, an Aaide to Olokine on Planning and Strategy, said.


The programme started July 2019 and no fewer than 200 people have benefited from the loan scheme which offers loans from N50,000 and N100,000 to individuals organized into groups with guarantees.


Prior to the loan disbursement, the palace had trained more than 300 people on various vocations while the financial empowerment is to enable them practice what they have learnt or improve on their existing businesses.


Ogunlari said: “The current Traditional Council believes that there is a nexus between idleness and social vices hence the need to train and empower people to earn some living.


“We are still calling on those relying on false hope that manna would fall from heaven without having to do anything to take advantage of this lofty programme.


“They should take advantage of other programmes by the state government to take themselves out of idleness because the palace authorities will be very strong against acts that will cause breach of peace from any quarter irrespective of their background, social and political affiliations.’’


He expressed appreciation to “indigenes who have called, sent messages and offered words of encouragement’’ to the council on its activities since its inauguration about 10 months ago.


Ogunlari, however, assured all sons and daughters of Ojowo of the council’s irrevocable, undeterred and unflinching commitments to ensuring that the running of the kingdom affairs is done in line with world best practices of equity, fairness, and justice.


“The council will also ensure that the voiceless in the kingdom are  given opportunity to talk; the palace is also open to constructive criticisms for a better performance.’

Leave a comment

Related Articles

BreakingFeaturedHighlightNewsWorld News

Niger’s ousted president is being denied food and electricity, says European Union

The European Union Friday said it had “deep concern” about the treatment...

BreakingFeaturedHighlightTop Story

Breaking: Ex-Kaduna Gov. El rufai might reject ministerial appointment 

The immediate past Governor of Kaduna State, Malam Nasir El rufai is...

BreakingFeaturedTop StoryTrending Story

President Tinubu appoints Ajuri Ngelale as special adviser media & publicity

President Bola Ahmed Tinubu, GCFR, has approved the appointment of Chief Ajuri...

FeaturedHealthHighlightTrending Story

Are ‘balloons’ the new drug epidemic in Nigeria?

They may look like the normal balloons you see at children’s birthday...

EntertainmentFeaturedHighlightTrending Story

From Fame to Penury: The Despicable Tales of Nigerian Veteran Thespians

The entertainment industry, particularly the movie circle, has been in the eye...

FeaturedTrending Story

Hubby’s watery sperm, erectile dysfunction crash two-month-old marriage

A husband’s watery sperm has forced his wife to urge the court...


Max Air Acquires 16 Year Old Boeing 777-200

Kano based Max Air Limited has taken delivery of its first Boeing...

FeaturedTrending Story

From waste collection to classroom: Story of Adamu’s pursuit of education

Coming from the background of a family of seven children and parents...

Articles and OpinionFeaturedHighlightNewsTop StoryTrending Story

Between the dialectics and the benefits of petroleum subsidy removal

By Paul Njowusi For many years, successive administrations in Nigeria had embraced...

FeaturedTop Story

Buhari inaugurates N19.6bn Customs corporate hqts in Abuja, says new Customs Act will drive efficiency

With the newly signed Customs Act and a befitting corporate headquarters for...

BusinessFeaturedOil & GasTrending Story

Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, Lekki-Lagos inaugurated

Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals planted in Ibeju-Lekki area...

FeaturedOil & GasTop Story

PlA: NNPCL/NUIMS leverage financial autonomy, clear huge backlog of Cash-Call debt owed Joint Venture partners

``Under the guidance of forward-thinking leadership and a series of strategic initiatives,...