LAPO trains 28,000 persons, gives grants to 19 post graduate students

lapoThe LAPO Institute for Microfinance and Enterprise Development trains about 28,000 Nigerians drawn from public and private organisations on various skills from 2011 to July 2016.

The institute says it also gave a total of N2.8 million Thesis Support Grants to 19 post graduate students drawn from different universities in the country between 2015 and 2016.

Chairman, Governing Council of the institute, Dr Godwin Ehigiamosoe, disclosed this during the 2nd annual LAPO conference on Microfinance and Enterprise Development held in Benin on Wednesday.

The conference had the theme “Confronting the Scourge of Poverty through Microfinance: Issues and Challenges.’’

Ehigiamosoe said the 28,000 Nigerians were trained on basic entrepreneurship techniques, basic business management, business development services as well as information and communication technology skills.

He also said that 2,098 participants were supported with capacity development programmes  in Rivers, Delta, Kogi, Bayelsa States and some other agencies of the Federal Government.

Ten beneficiaries comprised four Masters and six PhD students were given grants of N1.3 million in 2015.

“While in the 2016 edition, a total of nine PhD students benefitted from N1.5 million grants for their thesis,’’ he said.

Speaking at the event, the Managing Director, Grooming Centre, Godwin Nwabunka, said microfinance institutions and banks had played tremendous roles in poverty alleviation through the generation of millions of jobs.

He said that the micro finance sub-sector had also helped in financial inclusion and relocation of resources to the poor in the country.

Nwabunka, therefore, called on government at all levels to support micro credit activities to thrive more in the country.

NAN

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