The Lagos State Government has started disbursing funds to indigent residents as start-up capital for small scale businesses.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 residents, 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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lagos pays indigent residents N20,000 for business|p style=
Source: MobilePunch - 🏆 8. / 63 Read more »