Governor Abiola Ajimobi of Oyo State yesterday inaugurated the Market Leaders Council, promising to to assist traders in the state with N730 million.
While inaugurating the 18-member council led by Mrs Iyadunni Lawal, Ajimobi assured that the state government will support the association will requisite funds for their businesses.
He said the state government had given out about N470 million interest-free loans with about N730 million still to be distributed.
He, however, decried that the loans had only been repaid in trickles to about the tune of N200 million.
Ajimobi added that the inauguration of the council was to have a structured association to regularly interface with the state government.
The council is tasked to help in the development of markets, development of infrastructure, constant dialogue with traders, coordinate the distribution of interest-free loans to tradesmen and artisans.
Members of the council included Amuzat Yisau and Labake Lawal, Vice-Chairpersons; Najimdeen Azeez, Public Relations Officer; Mrs Stella Olabode, Financial Secretary; Dauda Oladapo, Ex-Officio
The 18-member council is to serve a term of two years which is renewable once.
