• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 31, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Gov Adeleke Approves N1bn Loan For Osun SMEs At Single Digit Interest Rate

by Bode Gbadebo
2 years ago
in News
ADELEKE
Share on WhatsAppShare on FacebookShare on XTelegram

The Osun State governor, Ademola Adeleke, has approved the release of N1billion to the Osun Cooperative and Micro-Credit Agency for onward disbursement to Small and Medium-sized Enterprises (SMEs) and cooperative societies in the state as a Revolving Loan Scheme at a single digit interest rate.

Advertisement

Governor Adeleke, who disclosed this on his X handle (formerly Twitter), on Wednesday, said the decision was in fulfilment of one of his administration’s key promises during the electioneering campaign.

The governor wrote: “We unveiled our Cooperative Movement Reform Plan for the cooperative society and ( & Medium-sized Enterprises (SMEs) in the state.

“At the first ever edition of the Osun State Cooperative Summit held under the Ministry of Cooperative and Empowerment, I highlighted our administration’s plan to revive the economy of the state through a robust support for the Small and Medium-sized Enterprises.

“I announced the immediate release of the sum of one billion naira (#1,000,000,000) only as a revolving loan scheme amount for the osun state cooperative movement at a single digit interest rate. This follows the implementation of a number of policies aimed at rejuvenating the cooperative model in the state, notably the creation of the Ministry of Cooperative and Empowerment; the first of its kind in Nigeria.

RELATED

Ahmadu Bello Foundation Lauded Over Electoral Citizen Engagement

Ahmadu Bello Foundation Lauded Over Electoral Citizen Engagement

1 hour ago
Rotary Club Provides Free Healthcare Services To FCT Residents

Rotary Club Reaches 450 Women, Children In Jikwoyi Health Drive

1 hour ago

“Furthermore, I highlighted series of ongoing reforms in the cooperative and micro credit sector including an amendment of the Cooperative act to include modern trends and practices; upgrading the operational standard of the cooperative movement to increase confidence level; reviewing compliance with democratic governance to encourage innovation and increase the potentials of the grassroot financial platform among others.

“I also announced the approval of the complete rehabilitation of the Cooperative College, Odeomu while hinting at the possibility of cooperative studies becoming a programme of study at polytechnics and universities across the state in recognition of the importance of cooperative movement to the local economy.

“I concluded by expressing our interest in sponsoring an executive Bill for the review of the Cooperative laws in order to conform with realities of the 21st century.

“I am grateful to the Executive Secretary of the Federation of Osun Cooperative Union, Mr. Wasiu Bello and all the cooperative members for appreciating our administration’s efforts in repaying the previously diverted Cooperative savings by the past administration which left the cooperative society in crisis and financial challenges.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Tinubu Has No Plan To Relocate Federal Capital To Lagos — Presidency

Next Post

Buhari Planned Killing Me, Nnamdi Kanu For 8 Years, Sowore Alleges

Bode Gbadebo

Bode Gbadebo

You May Like

Ahmadu Bello Foundation Lauded Over Electoral Citizen Engagement
News

Ahmadu Bello Foundation Lauded Over Electoral Citizen Engagement

2025/07/31
Rotary Club Provides Free Healthcare Services To FCT Residents
News

Rotary Club Reaches 450 Women, Children In Jikwoyi Health Drive

2025/07/31
FG, FAO To Strengthen Forest Management
News

FG, FAO To Strengthen Forest Management

2025/07/31
Shettima Urges Lawmakers To Strengthen Nutrition, Food Security Laws
News

Nigeria Out To Attain Food Sovereignty – Shettima

2025/07/31
6 Farmers Remanded Over Alleged Murder Of 72-year-old Man
News

6 Farmers Remanded Over Alleged Murder Of 72-year-old Man

2025/07/31
23-yr-old Woman Steals Day-old Baby In Adamawa
News

2 Killed In Adamawa Domestic Violence

2025/07/31
Leadership Conference advertisement

LATEST

2027: Kebbi Central APC Youths Beg Bagudu, Aliero To Back Fresher Candidate 

Ahmadu Bello Foundation Lauded Over Electoral Citizen Engagement

Rotary Club Reaches 450 Women, Children In Jikwoyi Health Drive

FG, FAO To Strengthen Forest Management

Nigeria Out To Attain Food Sovereignty – Shettima

6 Farmers Remanded Over Alleged Murder Of 72-year-old Man

2 Killed In Adamawa Domestic Violence

Time To Rethink Our Border Security

The Perils Of Identity Politics And Economic Turbulence

We Were Never Alone

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.