Babayemi Harps On Release Of Fund Allocations To Local Governments
A chieftain of the Peoples Democratic Party, (PDP) in Osun State, Omooba Dotun Babayemi has stressed the need for state governors across the country to allow fund allocation to local governments get to the grassroots in a bid to ensure development at communities level.
Babayemi who spoke at the distribution of cheques to members of ‘Atunto’ cooperative society drawn from Iwo, Ola-Oluwa and Ayedire Local Government Council Areas of the state stressed the need for funds meant for the third tier of government to be released to them to help combat poverty at that level.
The former governorship aspirant said the present economic hardship in Nigeria demands that all arms of government allow funds to circulate the system to ensure that grassroots business survives the present realities.
Speaking on the objectives of the cooperative society, Babayemi said the #320 million fund pulled together by the association is to assist small scale enterprises to thrive and alleviate the suffering of the people.
“The concept of the cooperative is a grassroots movement targeted at helping businesses in rural areas survive the economic instability in Nigeria now.
“It kicked off in Osogbo on December 6th 2023, we are coming back for the grassroots to understand some of their challenges, priorities and how they expect to see economic development in societies around them”, he added.
The President of the cooperative society, Emmanuel Moye, disclosed that the cooperative movement become necessary in a bid to survive the present economic challenges.
“We know that the economic situation of the country is very bad and people have to cooperate among themselves to survive the present economic.
ENDS
