The Bayelsa State government on Monday disbursed a cash grant of N126 million to 630 Small and Medium Scale Enterprises (SMEs) operators who hailed from the state.
The News Agency of Nigeria (NAN) reports that each of the beneficiaries got a cash grant of N200,000.
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Speaking at the presentation ceremony, the state’s Commissioner for Women, Children Affairs and Empowerment, Mrs Faith Opuene, said the gesture was borne out of the need to encourage entrepreneurship among the people.
The commissioner said that it was part of government’s empowerment programme for women and youths across the state
Opuene said the SMEs were dominated by non indigenes, hence the need to assist small business owners who hailed from Bayelsa State to grow and expand their existing businesses.
She explained that the beneficiaries comprised two persons, a man and a woman from each of the 105 political wards from the eight local government areas of the state.
The commissioner said the cash disbursement was for the months of March, April and May.