A project tailored to empower Osun Residents with grants ranging from N250,000 to N10 million naira is underway.
The project which began with a day seminar/workshop for thousands on various skills development on Friday is powered by a Non-governmental Organisation (NGO), Visioned Skills Development Centre.
The grants according to the Chief Executive Officer of the organisation, Apostle Israel Emeka, were made available by different donors in the developed world, through social exchange market, a faith-based organisation.
He said the programme was to eradicate poverty amongst the people and make the environment suitable and conducive for investment.
Emeka added that there would be coordinators in different local governments to monitor the utilization of the grants through different stages.
The CEO explained that the disbursement would be done through different registered micro-finance banks numbering about ten across the state.
” It is a financial assistance scheme whereby applicants receive grants to establish or boost existing business venture. The term “Social Exchange Market” is both a programme and an organization. As an organization, it’s a charity NGO offering financial empowerment to grassroots in developing economies toward poverty eradication.
“As a programme, it refers to a system where donors give free money to people to do business and then empower others by creating employment opportunities. In the process, by giving back to society, millions of jobs can be created in an economy”, he said.