The grant was presented to four beneficiaries each from the 105 political wards across the eight local government areas of the state for January and February 2023.Information Guide Nigeria

In a statement, Chief Press Secretary to the Bayelsa State Governor, Daniel Alabrah, said that it was part of the administration’s initiative to spur micro businesses and economic growth in the state with each beneficiary getting N200,000.

Addressing the beneficiaries in Yenagoa, Senator Diri said the SMEs’ programme was one of series of empowerment schemes designed for Bayelsans desirous of doing business.

The governor said the programme, which had been running for 11 months, had empowered 2,310 women and youths so far, noting that his administration was encouraged by its impact on the beneficiaries.

The governor also directed that an additional N1 million be given to a beneficiary, Nyanayo Inara, who was shot on the leg during the Peoples Democratic Party (PDP) 2019 governorship campaign in Nembe.

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His words: “We are encouraged that this programme has impacted lives. This initiative of the prosperity administration is designed for small and medium-scale enterprises. Human capacity development is key to our government.NYSC Portal

“This scheme is a monthly empowerment to provide seed money for those who want to do business or grow their businesses. We are not just talking the programme but we are working the programme.”

According to  Diri, while his administration is putting in place critical infrastructure, it is pertinent to also build the manpower base of the state towards stimulating the local economy.

He stressed that the initiative was also targeted at changing the mindset of Bayelsans towards doing business and becoming self-reliant.

The Bayelsa helmsman said an economic summit would soon be held to chart a road map toward economic prosperity in the state.

“It is how best we can use this seed money that matters and not the amount itself. When you eat your seed money, you have eaten your destiny. If you cannot manage N200,000, you cannot manage N1 million.

“The committee will keep monitoring your progress. If you do well and have testimonies, we will be encouraged to increase the amount. We started with N50 million monthly and when we saw the response, we increased it to N100 million.

“We want to see more rural dwellers in this programme because it has come to stay. In this hall, we have given out starter packs to our youths. We have also sent 404 youths to the CSS Farms in Nasarawa State to see how farming is done. They are back to the state and we have given them seed money and most of their equipment have also arrived.”JAMB Result