Ogun State And BOI On Zero Tolerance To Youth Unemployment

OGUN State Government in its plan to attaining its goal of zero youth unemployment has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI).

Governor Ibikunle Amosun, who signed the document, also presented a cheque of N500 million to BoI as the state’s counterpart fund for the N1 billion facility for small-scale businesses in the state.

The governor further disclosed that, this is a testimony to the financial prudence of our administration and the scheme would take 10,000 people off the labour market.

According to Governor Amosun, This action is in accordance with the plan to take one million youths off the labour market. He expressed the hope that the BoI would continue to be an ally towards achieving this goal.

The management of BoI was represented by its Managing Director; Ms. Evelyn Oputu who stated that with the signing of the MoU, the state government had commenced the journey to achieving massive employment in Ogun State.

The Governor, Amosun expressed the hope that the management of BoI would soon return to the state to sign another MoU which would make N2 billion available for small scale businesses in the state.