Skip to main content

The context of "bread and butter" in Sierra Leone

By: Ibrahim Jalloh - (Jallomy)
History was made today in the Tonkolili district Headquarter town of Magburaka. It was about a lauching but not just a lauching but a presidential lauching of a unique national microcredit scheme titled MUNAFA FUND. 

The moment was great, significantly reassuring and a practical fulfilment of a Manifesto promise made by the president Bio while on his long and determined journey to the presidency.

In a neat package, 4100 business beneficiaries, mostly youth and women in all sixteen districts, will benefit from a designated fund of one hundred billion leones over a period of three years starting now. 

The scheme Will be superintended by the Small and Medium Enterprise Development Association (SMEDA) and run through established and reputable Financial Services Providers FSPs).

In his statement, JJ Saffa, the erudite, compelling and purposeful grasssroot Minister of Finance and Economic Development (MoFED) explained to the thrilling audience that bread and butter abundantly mean:

1. Money in the pocket through defrayed cost of tuition fees, meals in schools, learning materials and bus service.

2. Salary increment across sectors in the public service.

3. Employment opportunities through recruitment of teachers, medics and security sector personnel.

The Minister added that the current microcredit scheme is the Most direct repredentation of bread and butter as raw cash will be pumped into the pockets of Sierra Leoneans in the informal business sector. This will not only quarantee livelihoods but has transformative Economic power.

Magburaka was a great Theatre of hope and fulfilment of a long standing dream of business recovery of a sector hitherto exploited by microcredit institutions largely unregulated in the country.

"Today, we feel the spirit of genuine leadership and the collective resolve of a government to free its people from the cruches of poverty", the paramount Chief of Kholifa Rowala intoned.
Labels:

Comments

  1. Global Multimedia Online TVFebruary 13, 2021 at 7:56 AM

    Welcoming.

    But in what or in what capacity this write up was made?

    ReplyDelete

Post a Comment

Popular posts from this blog

Sierra Leone, Two other Nations disqualified from AFCON 2024 U17 Qualifiers

By: Abdulrahman Barrie The U17 football teams from Sierra Leone, Guinea, and Guinea Bissau have been disqualified from the 2024 U17 African Cup of Nations competition in Senegal after failing the mandatory MRI test scans. These scans, which determine the age of the players, revealed discrepancies that led to their removal from the tournament. The disqualification follows changes to Article 27.4 of the U17 Africa Cup of Nations regulations, which have tightened the criteria and enforcement of age verification measures. The updated rules stipulate that if a team has more than four players deemed ineligible after the MRI eligibility test, the entire team will be disqualified. The MRI tests, used to enforce age restrictions in youth competitions, are crucial for ensuring fairness. Unfortunately, the teams from these three nations did not meet the age criteria, resulting in their disqualification. This decision has come as a significant disappointment for the young players and their fans, w...
Post a Comment
Read more

Disturbing snail space Civil works in the Makeni Central Lorry park

By: Ibrahim Jalloh - (Jallomy) The Makeni City Council (MCC) ordered commercial vehicles and business entities to leave the park area for the purpose of upgrading the park. Two weeks were given as the duration of the work. Regrettably, a week plus few days have elapsed with no significant work done. Drivers and business people in the park are completely frustrated and their livelihoods threatened.  Few years ago, drivers and traders were asked out of the park for similar reason but after two weeks they were asked to return to the park with no work done. This was disrespectful and insulting.  We urge MCC to double their efforts as the affected persons are running out of patience.
Post a Comment
Read more

CAF Postpones 34th AFCON Edition to 2024

By: Alusine Rehme Wilson  During its latest Executive Committee Meeting in the Moroccan city of Rabat, Dr. Patrice Motsepe, the President of the Confederation of African Football-CAF announced the federation’s decision to postpone the 34th TotalEnergies Africa Cup of Nations to 2024. According to Dr. Patrice Motsepe, CAF has decided to postpone the  TotalEnergies Africa Cup of Nations in Côte d’Ivoire “as a direct and sole result of the adverse weather conditions in the country and after also having received further technical opinion from experts on adverse effects of staging the matches in that period.” The tournament was earlier scheduled to be played in Ivory Coast for a month precisely from 23rd June to 23 July 2023, but it will now be played between January and February next year in the same nation(Ivory Coast) with 24 of Africa’s Best Men’s Senior National Teams that will progress from the qualifiers which started last months to compete for the prestigious African Trophy...
Post a Comment
Read more