The chairman of Igbogbo/Bayeku Local Council Development Area, LCDA, of Lagos State on Thursday initiated an interest-free loan for market women in the LCDA.
Aimed at fostering and boosting the businesses of the women within the Igbogbo Baiyeku LCDA, the revolving no-interest loan is a first of its kind.
Announcing this development on Thursday, the chairman of the LCDA, Sesan Daini, said that his administration would go the extra mile to ensure that residents of the LCDA enjoy dividends of democracy.
The inauguration of the scheme, which took off at the Adeboruwa Palace, also witnessed the inauguration of a seven-man steering committee that would oversee the no-interest revolving loan programme.
Hon Diani revealed that the first batch of beneficiaries “were carefully selected by the steering committee, with an eye to encourage and ensure that the loan serves its purpose.
He said, “I seized the privilege to enjoin all the market women to come out and support, and also cast their vote for all the candidates of the All Progressives Congress, APC, at the gubernatorial and state House of Assembly election, come Saturday, 18th March, 2023.”
The chairman appreciated everyone who took time to attend the inauguration of the scheme, including the Iyalode of Igbogbo Kingdom, Chief Mrs. Karimot Faniyi; the Babaloja of Igbogbo Bayeku, Prince Jimoh Ogunmuyiwa; the Iyaloja of Kabiti market, Madam Esther Obayomi; the Babaloja of Kaniyi market; the Council Manager, Hon. Basirat Banjoko; the Deputy Leader Igbogbo Baiyeku; Otunba Obinrin Igbogbo Bayieku and Otun Iyalode Ibeshe, among others.