ILORIN – The founder of Mike Omotosho Foundation, Dr Mike Omotosho, on Friday inaugurated a N5 million micro credit loan scheme for women in Kwara.
Speaking at the inauguration in Ilorin, Omotosho said the foundation in partnership with the PDP would also train 300 youths from Kwara South Senatorial District on computer skills.
Omotosho is also the North Central Coordinator of the Jonathan Actualisation Movement.
Omotosho, who presented 10,000 posters to the Kwara PDP Chairman, Chief Iyiola Oyedepo, said the foundation through the party would offer micro credit loans to 250 women to boost their businesses.
The women, he said, would be drawn from the 42 wards in Irepodun, Ekiti, Oke Ero and Isin Federal Constituency of the state. [eap_ad_2] The World Bank consultant also said that the seed fund for the interest free loans would be increased to N10 million to cover the entire state.
He also said 126 students in Junior and Senior Secondary Schools from the 42 wards in the federal constituency would be given scholarship.
The philanthropist, who is eying the Federal House of Representatives seat for Irepodun, Ekiti, Oke Ero and Isin Constituency, said the foundation was partnering with the PDP in order to impact positively on the welfare of the people.
Oyedepo, in his remarks, commended Omotosho for the gesture while expressing the readiness of the party to emerge victorious in the 2015 general elections.
He said the philanthropic gesture of Omotosho was unique, urging others to emulate him in contributing their quota to the socio-economic development of the state. (NAN) [eap_ad_3]
