….As Poly Best Students Get N50,000 Each
Not less than 32 widows in Igbajo, a community in Boluwaduro Local Government Area of Osun State, benefited from a free interest loan provided by Modupeoreoluwa Aboaba’s Assistance Fund.
Also, the best two students of Igbajo Polytechnic, Yusuf Olamide and Babatope Samuel were given N50,000 each for their sterling academic performance.
Speaking during the program held at First Baptist Church, Igbajo on Saturday, the founder of the empowerment program, Chief Moses Aboaba, disclosed that 765 beneficiaries have been empowered since the inauguration of the Fund in 2003.
Aboaba who said the Fund was established in memory of his wife, noted that friends and family have donated to the seed fund, adding that the money has positively impacted the lives of the widows over the last 21 years.
Aboaba while calling on government to also find a way to assist the needy in the society, urged the beneficiaries to make judicious use of the money.
In his welcome address, the chairman of the committee for the program, Engr Akin Rotimi, said the sum of N2.7m was given out as loans to the beneficiaries.
He noted that over N15 million has been expended through the 21 years of the existence of the empowerment programme.
“It was conceived some years after Mama’s death, this was 21 years ago and now nurtured into adulthood by our indefatigable Baba (Chief Moses Inaolaji Aboaba) whose sorrow of losing the” Apple of his eyes” has now turned to eternal joy as he is torching many life’s better than before.
“Our Founder, four decades after his exist from the Civil Services is still enjoying a payback from his old friends toward this lofty objective hence we are able to give out a sum of N2.7m (two million seven hundred thousand naira only) today as loan to widows on our 21” edition.
“The least being N50,000 and the highest N200,000. In the last two decades of our operations, about 800 widows had benefitted whilst the sum of almost N15m had changed hands.
“We started the Polytechnic Best Overall Student award for the year in 2015, that of today will be the 10th edition.”
Sharing their testimonies, some of the beneficiaries who spoke at the event, said they have been able to put the money to good use.
Two of the beneficiaries, Victoria Adejumo and Odun Odesola who have been collecting the loan for years said the money has assisted in their business and the education of their children.
Also, one of the best students, Yusuf, appreciated the foundation for the money, saying that it would assist in his education.
Yusuf, a Higher National Diploma student of Electrical Electronics with a GPA of 3.83 said his parents struggled in financing his education.
