FG to begin Entrepreneurs Bank - Osinbajo gives details

FG to begin Entrepreneurs Bank - Osinbajo gives details

- Professor Yemi Osinbajo said the country will establish an entrepreneurs bank

- The vice president said the bank will provide loans to youths

- Osinbajo also indicated that oil palm will soon replace crude oil

The vice president, Professor Yemi Osinbajo has revealed that the federal government will establish the Entrepreneurs Bank which will provide loans to young Nigerians.

Daily Trust reports that Osinbajo said this in Nsit Atai local government area during a special campaign rally of the All Progressives Congress.

READ ALSO: Breaking: Narrow escape for Osinbajo as VP’s chopper crash-lands in Kabba

Osinbajo also said focus is also on oil palm to be a replacement for crude oil which will in turn provide jobs for the youths.

The vice president said the Muhammadu Buhari administration has fulfilled its promise by creating jobs for 500,000 youths through the N-Power programme and has provided food for 9.2million children through its school feeding programme.

He said: “We have found here palm oil which will be a replacement of crude oil, so we are going to be number one in this local government. That is one of the reasons that you must join the Federal government under the APC.

“Akwa Ibom should not be in opposition, no reason. There is every reason for you to join so that you become part of the next level. All of the young people who are here, the government of President Buhari is determined to make sure that not only do you have jobs, you have quality jobs. That is one of the most important things we are doing. That is why you must support APC.

“N-Power is only the beginning, we are starting something called the entrepreneur bank. That bank is for giving loans to men and women like this in N-Power who have a plan for the future. The loans will be given to them at very little interest rate so that they can start their own businesses, and so that they can make progress.”

Osinbajo said the APC has embarked on projects many had described as impossible but that it shows the party is working.

“When we said in 2015 that we will start N-Power, they said it is impossible, how can you employ 500,000 people but we have done it. When said we are going to do home grown school feeding, today we are feeding 9.2million children all over Nigeria. They say it is impossible but home grown school feeding is here. Home grown school feeding used 6.8million eggs in one week, and we are expanding it.

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“If you are a young man or woman here and you vote for PDP, know that you are living in the past, every young man or woman must go to the next level. If you have voted PDP in the past, apologize and say we are going to the next level, I cannot remain on the same level. The next level is where it is happening. Everything we said we will do, we have already done and we will do more.”

Recall that what would have been a national disaster was averted on Saturday, February 2, 2019, as the chopper of Nigeria’s vice president, Yemi Osinbajo, crash-landed in Kabba, a town in Kogi state.

Osinbajo's spokesperson, Laolu Aknade, confirmed the incident, but said the vice president was safe and that no casualties were recorded.

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