The looted N2 billion MSME Fund; a step backward on the Kogi Project

For the umpteenth time, it's exclusively necessary to state that the KOGI PROJECT - where there would be collective development and individual happiness of her people - has been utterly compromised, thus heading for total collapse by the previous uninspiring leaders that held sway before the incumbent. Here is it, the 2billion Naira meant for Micro, Small and Medium Enterprises development in Kogi state - converted to an elephant shared -constitutes one of the major wounds being nursed by the Governor Yahaya Bello administration.

Let me douse your curiosity... the immediate past governor, Captain Idris Wada (retired), accessed a whooping sum of Two Billion Naira from the Central Bank of Nigeria for the specific purpose of developing MSME and, by extension, youth development in Kogi state. In other words, it was a loan collected for the singular reason of developing the youths through entrepreneurship initiatives. Alas! The said fund was collected in raw cash and heartlessly converted to an electioneering largesse by Captain Wada and the then PDP members at the expense of developing and building potential business tycoons that comes with immense positive ripple effect on the state security and economic status.

Afterwards, they tried to contrive the antics of branding the fund as a grant, whichever way still does not justify the unfortunate misapplication of the developmental loan, as the lofty dreams, plans and future of so many young Kogites had hit the brick wall by such height of greed and tactless larceny by Wada and his cohorts. Now, beyond the numerous youths rendered unemployed and idle, is the accompanying social vices the idleness must have attracted, leading to horrible insecurity in the state, which the GYB government is battling with head-on.

To further boggle your minds, let us practically carry out the arithmetic on the large number of youths the stolen #2,000,000,000 loan would have liberalised from the unemployment net and the soaring economic effect in the state if the fund is aptly applied. For example, at #1million each will amount to 2,000 Kogi youth been lifted; at #500,000 each will amount to 4,000 kogi youths been Read more

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