22/08/2017 05:55:16

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State Micro Credit Scheme.

-85,000 Empowered.

Minisitry of Information, Delta State
22/12/2010

About 85,000 people have so far been empowered and removed from the poverty line through the Delta state micro credit scheme. 

The acting governor of Delta state Prince Sam Obi who announced this at the 3rd anniversary celebration of the micro credit scheme in Asaba said the economic renaissance has positively touched the lives of those at the grassroot as well as the urban poor.

Prince Obi described the micro credit scheme as one of the most honest, transparent and caring programmes known in the state even as he explained that so far the scheme was devoid of politics.

He said the scheme did not only just change the status of the beneficiaries but moved them to a higher level of medium credit facility where they could employ other Deltans.
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His words "At the beginning most of the beneficiaries did not need physical structures to start but now they are graduating to a higher level where they will be in a position to employ other Deltans in many endeavors".

The acting governor said the products of the scheme which were on display clearly demonstrates the success of the programme as some of the products such as shoes, bags, beads among others could compare fovourably with those of the advanced countries.

Prince Obi commended the foresight for Dr Emmanuel Uduaghan for initiating the programme and especially for identifying with the yearnings and aspirations of the people Speaking further he said "we must be appreciative to the efforts of Dr Emmanuel Uduaghan for initiating this and other programmes which are touching the lives of our people".

He also commended the leadership of the programme for their commitment and hard work just as he praised the participants for judiciously using the funds in productive ventures. In his remarks Dr Emmanuel Uduaghan appealed to the acting governor to inject more funds into the scheme.

Dr Uduaghan said injection of more funds into the scheme would increase the economic prosperity of the participants and consequently boost economic activities in the state.

He expressed excitement over the investment choice of the participants explaining that they have shown commitment and business trust and tact.

Dr Uduaghan said he was happy that they did not waste their funds in marring new wives building new houses or buying new cars.

The state commissioner in charge of micro credit Dr Anthonia Ashiedu said the scheme has redistributed wealth in the state.

Dr Ashiedu who said that more women benefited from the programme than men disclosed that the scheme has encouraged economic growth and reduced crime rate in the state.

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