- As Kano Gov commissions N137m water treatment plant
Ondo State governor, Dr. Olusegun Mimiko, has disbursed the sum of N402.5 million as loans to Micro, Small and Medium Scale Enterprises in the state.
Speaking at the disbursement ceremony in Akure Wednesday, Governor Mimiko described the event as another giant stride towards delivering dividends of democracy to the greatest number of the people.
Mimiko noted that after providing the physical infrastructure such as roads, water supply and other social amenities, access to credit is another critical part of the variables that catalyse economic development.
He said the passion for development geared the state to partner with the Central Bank of Nigeria, CBN in a unique programme that will ultimately drive inclusive development of the country.
He said, “The first leg was in January where we disbursed N534.43 million under the Micro Enterprise Scheme, today, under the Small and Medium Enterprises Scheme, we are disbursing N402.4 million and the next stage will be Micro Enterprises under which we are going to disburse another N220 .49 million.
“All of these are geared towards re-energising your businesses, especially at the micro and small enterprise level. I want to thank all of you for your patience because it has taken some time to put all these together.
“Unlike the first phase, the micro enterprise phase, which did not require collateral in terms of Certificate of Occupancy, this phase of SME requires Certificate of Occupancy; it requires either group or individual enterprises to provide Certificate of Occupancy as collateral and it is one of the reasons it took some time to complete the processing of these loans.”
The governor further disclosed that with this disbursement under the Ondo State government/ CBN Micro, Small and Medium Enterprises Development Fund, the state has disbursed over N1 billion.
He enjoined the beneficiaries and other relevant stakeholders to use the loans judiciously for the creation of viable micro businesses in their various localities and ensure prompt repayment of the loans for the benefit of others.
Meanwhile, Kano State governor Abdullahi Umar Gandaje has commissioned the Garun Malam Water Treatment Plant constructed by the state government at the cost of N137million in Garun Malam local government area of the state. Commissioning the project at Fada Bakin Ruwa in the area Wednesday, the governor said that already, the water has started flowing in the six wards expected to benefit from the project.
Dr. Ganduje pointed out that the project was conceived during the first tenure of former Governor Kwankwaso 12 years ago, lamenting that “this project was abandoned and bastardised simply because there was an input of our previous government.”
He added, “But when we came back from our political sabbatical leave in 2011, God in his wisdom reminded us that this is our project, therefore he directed that former Governor Kwankwaso revisit the situation and directed that this time around, the project would not be a joint project between the state and local government but would solely be undertaken by the state government”.
He, therefore, urged the local government authority to carefully maintain the project, hoping that the waterworks would be put to good use by the indigenes of the area.
In his remarks, commissioner of water resources, Usman Sule Riruwai, said the plant is expected to supply 2.4 million litres daily, pointing out that it would be easy to operate and maintain by the local government.