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Home»Loans»Covid-19 Loan – N20m For Beneficiaries

Covid-19 Loan – N20m For Beneficiaries

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The senator representing Ekiti North at the National Assembly, Olubunmi Adetumbi, has expressed worry over the alarming increase in the number of employable youth across the country, saying the untoward development has largely contributed to the social problems confronting the nation.

Adetumbi, represented by his campaign Director of Operations, Chief Segun Adelugba, said that he had expended  N10 million on scholarship awards to 200 students, to acquire higher degrees in the district, while about 300 artisans have been exposed to modern training to sharpen their expertise.

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READ: How To Apply For 2022 Tony Elumelu Foundation $5000 Grant (Over N2.8M Business Grant)

“450 beneficiaries of the first phase of NDE Special Public Works got N60, 000 each, making a sum of  N27m. Also, another round of 650 beneficiaries of NDE Special Public Works collect N60,000 per beneficiary which gulped a sum of N39m. All these I facilitated for my constituents.

“The second phase of Covid-19 loan benefited 50 persons and through this, over N20m had been injected into our local economy, apart from training for thousands of women leaders, groups, chiefs and unemployed graduates, among other innovations I have brought to uplift my constituents”.

READ: EGORAS Loan: Everything You Need To Know

Adetumbi said he had injected some projects in the federal governnment’s budgetary provisions for 2022 for project execution in Moba local government and part of Ido/Osi

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