Economic Hardship: 4,000 SMEs Will Benefit From N4.2 billion Palliative Fund In Kaduna — Governor Sani
According to Uba Sani, 4,000 Kaduna SMEs will receive N4.2 billion in palliative care
The governor of Kaduna State, Uba Sani, has disclosed that in the next few days, more than 4,000 small and medium-sized businesses (SMEs) that the Kaduna State Government identified will receive a palliative intervention worth N4.2 billion to lessen the burdens brought on by the elimination of the petroleum fuel subsidy and the increasing rate of inflation. The program's beneficiaries for financial inclusion also include those who have been identified as vulnerable.
In an interview that aired on Monday, February 19, 2024, on Television Continental News (TVC), Governor Sani disclosed this. He answered questions about the current state of Nigeria's economy, the skyrocketing cost of living, the current state of food prices, and the administration's efforts to lessen the suffering of the people of Kaduna State during the interview.
Speaking about recent protests across the nation against the state of the economy, Mr. Sani said, “There has not been any uprising in Kaduna State over this issue because we have been working with the organised labour, market women and even NGOs, especially with my antecedent as a civil rights activist.”
He stated further: “Prior to these latest agitations, I predicted that this situation may come up. That's why I am the only governor that signed an Executive Order on financial inclusion to bring about 2.5 million vulnerable, undAccording to Mr. Sani, a number of stakeholders, including market women, individuals with disabilities, small-holder farmers, religious and community leaders, and organized labor, collaborated on the project.erserved people back into the financial services sector.
“We have also been able to organise about 4,200 SMEs in Kaduna State and in the next one week, we have decided to support them with palliatives worth about N4.2 billion, which will also go directly to vulnerable households and some small businesses that we have captured.
“Additionally, over 1.5m people have been brought back into the financial sector since the signing of the Executive Order on Financial Inclusion in Kaduna State,” Governor Sani added.
According to Mr. Sani, a number of stakeholders, including market women, individuals with disabilities, small-holder farmers, religious and community leaders, and organized labor, collaborated on the project.
He explained: “We are proactive in Kaduna State and that is why the labour unions are supportive of what we are doing because we run an open government.
“Even before the budget presentation to the Kaduna State House of Assembly, we held town halls where I insisted that we cannot decide on what we will do for the people of Kaduna without their direct input. Also, at the town halls, we emphasised the decision to run an open government and that's the reason why we budgeted N22 billion for agriculture, the first in the history of Kaduna and this was based on the input we received directly from our people and this is why we are on the same page with our people.”
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