Nigeria: Varsity Students to Benefit From Microcredit

Sep 2007
Lagos, Nigeria, September, 04 2007 - Arrangements have been concluded by the Social Security Network, Multipurpose Cooperative Union Limited for undergraduate students of various universities in the country to benefit from the cooperative credit facilities initiated by the organisation.

The President, Dr. Frederick Fasheun, who spoke in Lagos during the presentation of cheques to 30 beneficiaries of the cooperative scheme, said the organisation has visited some universities in the country to introduce the scheme, with the aim of getting the students busy while on campus and during the semester break.

He said that the scheme will further reduce the rate of unemployment in the country after the students' graduation.

According to him: "We are standing up to help the youths in the universities. We found that students invite barbers from town to come and barb their hair, going by that, we've concluded that students can now barb their hair in-house (campus)".

He said "we are ready to give out loans to credible students to purchase their necessary tools and instruments to started up micro business and we have start doing that".

The aim of the organisation according to him was to improve the life of the average Nigerian and students. The bottom line of which was the banishment of hunger and frustration, promotion of peace and harmony, as well as encouragement of productivity and a saving culture.

Source : All

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