Thursday, July 16, 2020

Sanwo-Olu empowers indigent residents with N40m

The Lagos State Governor, Babajide Sanwo-Olu has empowered 2,000 indigent residents of Lagos with N40 million as start-up capital for small scale businesses.

The empowerment is being carried out under the “Eko Cares Initiative,” with the theme: “Go Forward-Grow Lagos.”
Under the scheme, each beneficiary gets N20,000 to invest in fast-moving consumer goods so that they can generate quick turnover on their funds and plough such back into the business for higher turnover.
Two hundred and seventeen beneficiaries of the funds, who are part of the 2,000  beneficiaries earmarked for the first phase were at the Adeyemi Bero Auditorium, in Alausa, Ikeja on Thursday for the disbursement of the funds.

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