Lagos Rotary Club Raises Micro-credit Facilities To N15m In 2022/23


In fulfillment of its objectives of bringing succour to people in its operating environments, the Rotary Club of Lagos has announced plans to raise its annual micro-credit interest-free loans from N10 million to N15 million in the 2022/2023 Rotary calendar.

Disclosing this in Lagos at his induction and installation as the 62nd president of the club, Rotarian Joseph Akhigbe described the decision as one of his administration’s plans at ensuring that more market women and female entrepreneurs were accommodated in the loan scheme.

Lagos Rotary Club Raises Micro-credit Facilities To N15m In 2022/23

He also identified the education sector as one of the areas his administration intends to focus, adding that the club would soon commence the building and equipping of a standard school in Ilara community in Epe, in tune with the four strategic points of the Rotary Club International’s board this year.

While thanking the monarch of Ilara community for donating one acre of land for the venture, the new president stated that the club had also secured the commitment of a corporate organization to bear the construction cost of the school.

He, however, appealed to other corporate organizations to partner with the club to procure furniture and equipment for the planned community school.

In continuation of Rotary Club of Lagos’ fight against cervical cancer, Akhigbe stated that the club would be vaccinating at least 200 young women and girls in the new Rotary year, while it had also concluded discussions with a partner in the United States to get a 40-feet container load of wheelchairs, walkers and crutches, for the physically-disadvantaged in the society.

While expressing the readiness of the club to collaborate with other weaker clubs to jointly accomplish big projects, the new president added that the club would also contribute greatly to the Rotary Foundation as the lead club in its category.

“It is the vision of our District Governor, Ayaba Omotunde Lawson, that clubs should collaborate in clusters in order for the stronger clubs to help the weaker clubs to grow and jointly accomplish bigger projects.

“We are the lead club in cluster 1 with three other clubs and we shall collaborate with them to execute some joint projects. It is our plan to contribute greatly to the Rotary Foundation in this Rotary year because the Rotary foundation is where you have the pool of funds that service Rotary activities all over the world,” he added.

The new Rotary Club of Lagos’ president also expressed his administration’s desire to deepen the existing collaboration with other international clubs and develop new ones, while describing the existing collaboration as highly impactful.