- Smart Adeyemi has said that banks' refusal to give loans to small business owners are part of the reason there is unemployment in Nigeria
- Adeyemi called on the Senate and the federal government to look into the issue of rising unemployment in the country
- However, the senator even said that banks are now willing to offer him loans after his election victory
The winner of the Kogi West senatorial rerun election, Smart Adeyemi, has accused banks of being one of those behind the rising level of unemployment in the country.
Adeyemi pointed out that financial institutions refuse to give loans to small businesses to thrive and as a result, they crumble.
However, the senator said that this is not the case with politicians when they go to banks in search of financial facilities.
He said: “They refused to give facility to small scale industry but when they see you as a politician, Nigerian banks are easily available to you.”
Speaking during the Senate's plenary session on Wednesday, December 11, Adeyemi used a personal and recent case to buttress his point.
The senator said: "I was in my house, more than four different banks came to me and were telling me to fill forms and take money, just because I am back to the Senate.
"These are people I spoke to some months back to appeal to them to give me the facility to run my business but they were not forthcoming.”
He, therefore, called on the Senate and the federal government to come up with measures that will tackle the issue of economic constraint and unemployment in Nigerian.
Meanwhile, Legit.ng reported that Adeyemi of the All Progressives Congress (APC) won the Kogi rerun election flooring Dino Melaye after polling 88,373 votes.
Adeyemi's victory was announced by Professor Olajide Lawal on Sunday, December 1, after the poll that took place on Saturday, November 30.