In a bid to boost the productivity of the informal sector in Ikorodu, the Lawmaker representing the good people of Ikorodu Constituency 1, Hon. Gbolahan Ogunleye has given financial assistance to 50 market men and women in the form of a financial grant.
The grant, according to Ogunleye was aimed at stimulating Ikorodu’s local economy and by extension boosting its contributions to the overall GDP of the State in general.
In his opening remarks at the event, Ogunleye noted that market men and women represented a large percentage of residents of Ikorodu, hence the need to support them towards increased profitability.
He added that, most of these women were bread-winnners in their various homes, stressing that any assistance rendered to them would directly impact their individual family members.
[5/19, 1:05 PM] Omo’ba Peejay: The Iyaloja-General of Ikorodu Division in her brief remarks expressed appreciation to the Lawmaker, noting that it was a timely intervention for the local market men and women.
She equally advised the beneficiaries to ensure judicious use of the loans as a way of reciprocating the gesture of the sponsor.
[5/19, 1:12 PM] Omo’ba Peejay: Explaining the rationale behind the free interest loan, Ogunleye stated that it was a seed fund for
‘It is a seed amount for interest free loan among market men and women is meant to help them with capital that will not be tied to unnecessary conditions that many of them may not ordinarily be able to meet.
On the mechanism put in place to ensure compliance and payback, Ogunleye explained that he has the assurances of the leadership of the Ikorodu market men and women, led by the Iyaloja-General of Ikorodu Division, Dcns Busola Isikalu for monitoring , compliance and prompt
