Thursday, 18 February 2016

Group expresses concern over non accessibility of FG funds to Nigerians


By Okechukwu Onuegbu

The South-East zonal chairman, Federation of Informal Sector Association of Nigeria (FEDISAN), Chief Peter Okafor, has expressed concern over what he termed Nigerians inability to access billions of naira set aside in the annual budget by successive federal governments to assist and improve lives of people. 

Okafor, who stated this while addressing stakeholders including civil society organizations, businessmen among others, lamented that at the end of each year, little or nothing from the budgeted billions ever get to the masses for whom the funds are meant for, especially the informal sector association in Nigeria.

According to him, this anomaly poses long serious worry to people, leading to the formation of FEDISAN, group battle ready to partner with government and private sector to assist, project and develop interests of the informal sector.

He further explained that FEDISAN was formed to carter for the growth and other interests of small and medium scale enterprises of the informal sector , and urged people in the South-East to embrace the association as it is positioned to enable them benefit much from the dividends of democracy which according to him, has been eluding them for ages.

“This sector is at the heart of the economic development of our country,…its’ neglect is the core of the challenges which we face today. Our economy is essentially informal sector economy outside oil and gas. The informal sector represents almost 75 percent of the nations’ economic activities in terms of pervasiveness and penetration, and can play homogenous role in generating the needed factors to catalyze Nigeria’s economy if well articulated and projected”, he said.

Highlighting the benefits to be derived by FEDISAN membership, Okafor disclosed that they would among other things draw governments attention to both existing and emerging needs of the informal sector, suggest directions for successful interventions such as lack of funds, personnel, training etc., as well as assist government to raise and collect revenue, rates and other incomes deemed necessary, guarantee loans and commit government to provide financial assistance at convenient rate through FEDISAN.

Earlier in the forum, one of the participants, Mr Henry alleged that people are often unaware that government has budgeted funds to assist them, while the problems of South-Easterners is suspicion of each other, individualism, and urge to work independently.



Etiam at libero iaculis, mollis justo non, blandit augue. Vestibulum sit amet sodales est, a lacinia ex. Suspendisse vel enim sagittis, volutpat sem eget, condimentum sem.