Ogun disburses N6bn investment fund to 3,855 women groups

The Ogun State Government, successful concern with the Federal Government and the World Bank, has commenced the disbursement of the N6bn Community Investment Fund, CIF, to 3,855 Women Affinity Groups (WAGs) crossed 4 section authorities areas.

Speaking astatine the flag-off ceremonial held astatine Ijebu-Ode, connected Wednesday, the State Governor, Dapo Abiodun, said the involution which is nether the Nigeria for Women Programme Scale-Up (NFWP-SU), aimed astatine expanding women-led businesses, strengthening household livelihoods and deepening women’s information successful economical activities.

Abiodun, who was represented by the contiguous past Commissioner for Women Affairs and Social Development, Adijat Adeleye, stated that the involution is designed to springiness women greater capableness to determination from subsistence activities to sustainable enterprises, portion improving incomes and strengthening families.

The politician disclosed that the beneficiary women had collectively saved ₦2.6 cardinal implicit the past 7 months, portion full loans accessed done the groups had risen to implicit ₦4 billion. 

He described the figures arsenic grounds of the fiscal subject and committedness developed by the WAGs, stressing that the ₦6 cardinal CIF is not an outright assistance but a sustainable revolving financing installation designed to supply superior for establishing and expanding businesses, generating income and employment and improving h...