Home Correctional service FG disbursed 38 billion naira in loans over four years, says Osinbajo – Channels Television

FG disbursed 38 billion naira in loans over four years, says Osinbajo – Channels Television


The federal government has disbursed no less than 38 billion naira in loans to support small and medium-sized enterprises (SMEs) over the past four years.

This is according to the vice-president, Professor Yemi Osinbajo, who spoke Thursday at an event organized by the Aisha Buhari Foundation in Abuja.

He lamented that the global COVID-19 pandemic has led to a sharp drop in the incomes of most families in the country, as well as the economies of the world.

Osinbajo also noted that employment has plunged, especially as the pandemic has largely affected young people who make up the majority of the workforce.

A file photo of Vice President Prof. Yemi Osinbajo.

While stating that President Muhammadu Buhari has initiated policies to empower women, he said the federal government has ensured that its social and entrepreneurial programs have a positive component for women.

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“A total of 38 billion loans have been disbursed in recent years. And of the 1.1 million recipients of conditional cash transfers, 98% are women, ”he said.

“Of the 2.4 million beneficiaries of our Public Enterprises and Empowerment program, 1.4 million people were women, or 56.4% of the beneficiaries were women.

The vice president said that in 2020, the Federal Executive Council approved a World Bank credit facility in the amount of $ 500 million to finance the Adolescent Girls Initiative for Learning and Empowerment project, to improve secondary education opportunities for girls in targeted areas of the participating states which are Borno, Ekiti, Kaduna, Kano, Katsina, Kebbi and Plateau.

He also touched on violence and other abuses against women, recalling the efforts of the government to improve access to justice for victims.

“In November 2019, in order to improve access to justice, we obtained a free emergency number and a short code for the FCT-SGBV intervention team, with the generous support of Airtel” , said the vice president.

“We have also developed benchmarks for responding to gender-based violence in Nigeria and a national guide for establishing sexual assault referral centers in Nigeria, to further improve coordination.

Also in 2019, the president ordered the National Human Rights Commission to set up a special group to investigate cases of unlawful arrests, assaults and sexual and gender-based violence in the territory of the federal capital following complaints of raids on nightclubs and arrests of women. by the police.

Congratulating the Future Assured program for the impact of its interventions in the areas of health, education and social protection, Osinbajo said: “It has certainly been an exciting six years.”

He listed some of the impactful projects executed by the initiative as “the educational initiatives, in particular the Youth Education Empowerment Program (YEEP) where a large number of young people are receiving tutoring courses in preparation for WAEC, NECO, NABTEB and JAMB; and support for IDPs returning to their communities with relief supplies, including food, clothing, bedding and construction materials.

Besides the First Lady, Hajiya Aisha Buhari, other dignitaries present at the event include Osinbajo’s wife, Ms. Dolapo Osinbajo; Governor Yahaya Bello of Kogi State; Minister of Health, Osagie Ehanire; his counterpart at the Niger Delta Ministry of Affairs, Godswill Akpabio; and senior United Nations officials, among others.


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