This Empowerments Is To Insulate Them Against Economic Crunch- Senator Adeola

The Chairman of the Senate Committee on Finance and the All Progressives Congress (APC) candidate for Ogun West, Solomon Adeola, has empowered more than 5,500 traders selected across the five local government areas in the senatorial district.

The money grant, totalling N137.5 million, was distributed to traders at N25million to each beneficiary to boost their businesses.

Speaking at the empowerment programme held at the Asade Agunloye Pavilion in Ilaro, Adeola, popularly called Yayi, explained that the market women and men were drawn from various markets in Yewaland.The grant was transfer to beneficiaries through bank transfer to insulate them against the economic crunch being faced by the country.

Adeola said the market women had witnessed low levels of trading activities of goods and services, hence the empowerment programme. He pointed out that the programme tagged: ‘Oloja Yayi’, was fashioned after the economic empowerment of the Ogun State Governor, Dapo Abiodun, ‘Oko’wo Dapo’ and the ‘Trader Moni’ of President Muhammadu Buhari, which he said had provided succour to market women across the state.

According to him, the initiative was meant to complement the empowerment efforts at both the state and federal levels.While lauding the state governor for the initiative, Adeola disclosed that he facilitated the empowerment in conjunction with Nigerian Institute for Oceanography and Marine Research (NIOMR) with Start-up grants for agro-manpower, artisanal manpower and cage culture carp specie restocking for market women and men.