Niger Delta
SMEs Operators Laud Diri Over Monthly N50m Grants Disbursement

In continuation of its job creation and financial inclusion policies, the Bayelsa State Government has begun the disbursement of another tranche of N50,000,000 grant to a fresh batch of 210 small and medium scale enterprise owners in the state.
The Tide reports that the disbursement of the N50m grant was for the December, 2022 beneficiaries, with each beneficiary given N200,000.
It would be recalled that as part of activities that marked Governor Douye Diri’s second year in office last year, the administration kick-started a monthly financial support for SMEs in the state, tagged: ‘Women and Youths Empowerment Programme” with benefitting individuals cutting across the 105 wards of the state.
Advising beneficiaries, the State Commissioner for Women, Children Affairs, Empowerment and Social Development, who also doubles as chairman of the grant disbursement committee, Mrs Faith Opene, hinted that in compliance with the extant fiscal policies of the Central Bank of Nigeria, the N200,000 grants would be transferred into beneficiaries bank accounts.
She warned beneficiaries against squandering their grants, noting that the programme, which commenced during the second year in office of Governor Diri is intended to last to the end of the administration.
The committee’s Chairman stated that from the inception of the empowerment programme, the State Government has been releasing N50m monthly for it, saying that no person would benefit twice from it, as according to her it is difficult to manuevre the system.
“This Government’s baptismal name is ‘Prosperity’. Governor Douye Diri is here to make sure that our people prosper in their businesses.
“Do you know that the economy of our state is not in the hands of we as Bayelsans? Just imagine that with this N200,000 you’re able to grow your business, and with time you have one or two other persons working for you.
“And, within a few years you see yourself having empowered others too. By so doing, our state would be better for it, it would prosper”, the Commissioner said.
Meanwhile, a cross section of beneficiaries have lauded the State Government for the initiative, promising that they would make appropriate and profitable investment with the grants.
By: Ariwera Ibibo-Howells, Yenagoa
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