Under the scheme, each beneficiary gets N20,000 to invest in consumer goods to generate quick turnover, which is then ploughed back into the business for a higher turnover.
The Special Adviser to the Governor on Civic Engagement, Aderemi Adebowale, said through the programme, more Lagosians, particularly the less privileged and the vulnerable, would have funds for micro-businesses and vocations. “With the funds provided in this scheme, beneficiaries will be exposed to businesses and investment opportunities requiring minimal start-up capitals,” she said.
She appealed to the beneficiaries not to abuse the privilege, saying successful participants would benefit more from mentorship from the partners who would closely monitor them and give progress reports and recommendations towards further empowerment funds from the government.