The Delta State Oil Producing Area Development Commission (DESOPADEC) has announced the rollout of an Economic Support Program aimed at empowering over 1,000 beneficiaries.
During a press briefing at the Commission’s headquarters on Wednesday, Chief John Nani, Chairman of DESOPADEC, detailed the initiative’s objectives, which include providing ₦100,000 grants to 50 women from each ethnic nationality represented in the region. This financial assistance aims to help these women expand their businesses amid the ongoing economic challenges and rising inflation.
“In light of the prevailing economic conditions, we recognize the need to bolster our community members,” Nani stated. “Our program not only empowers women but also addresses the pressing needs of our youth who have completed the DESOPADEC Skills Academy (DSA) but lack the resources to start their own businesses.”
The next phase of the DSA will see a substantial increase in grants for its beneficiaries, with the funding raised from ₦200,000 to ₦500,000, in addition to essential business startup packs. This strategic decision underscores DESOPADEC’s commitment to enhancing economic opportunities for trained youths.
The women’s economic support program is set to launch in tandem with the DSA, pending final consultations with the state governor. This initiative is expected to create a ripple effect of entrepreneurship and job creation within the communities.
Chief Festus Ochonogor, Managing Director/CEO of DESOPADEC, addressed various pressing issues during the meeting, including the new minimum wage, staff conditions of service, and the upcoming 2024 promotion exercise. He confirmed that the Board has approved the implementation of the new minimum wage, effective November, with back pay included.
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Additionally, Ochonogor shared that the merit list for promotions would be published next week, while updates regarding staff conditions of service are expected soon after a report from the Committee is ratified by the Board.
In light of ongoing discussions surrounding a court case involving the Staff Union and the Commission, Ochonogor assured staff that most of their demands have been addressed. The only outstanding issue remains the payment of the end-of-year bonus, for which approval from the state governor is being sought.
“We are committed to bringing these matters to the governor’s attention, particularly the pledge made during his campaign regarding the 13th-month salary for our dedicated staff,” he said.
