The Bank of Industry, (BOI) said at the weekend that it would generates 200,000 jobs in Bayelsa state, as the State governor, Hon. Seriake Dickson presented the N1billion counterpart funding contribution draft for the development of Small and Medium Scale
Enterprises to the Managing Director and Chief Executive officer of the bank, Miss Evelyn Oputu.
Speaking while receiving the draft from the governor, Miss Oputu noted that the BOI has already approved 12 projects worth N72 million for the development of Small and Medium Scale businesses in the State.
She, therefore, assured the state government that the confidence reposed in the bank would not be misplaced, adding that she foresees a positive synergy between the bank and the government.
Responding, the state governor Hon. Dickson said the N1 billion equity contributions would be utilized for the purpose of building entrepreneurial skills with emphasis on the training of Youths and Women.
According to the Governor, the empowerment programme is geared towards creating capacity, wealth and job opportunities that would make beneficiaries self-sustaining rather than depend on Government and other individuals for their livelihood.
Governor Dickson expressed concern that Bayelsans do not play active role in the local economy and expressed the hope that the partnership between Government and BOI would translate into the improvement of the quality of lives of the people and reverse the trend.
He said the development has resulted into a draw back on the capacity of the people to be self-reliant as every young man or woman has an entitlement mentality and rely solely on government.