Traders, Artisans To Enjoy Retirement Benefit, Loan As ‘SPAB’ Launches In Ogun

Artisans and traders in Ogun State can now enjoy loan benefits for their businesses through the ‘Shared And Personal Asset Benefit Scheme’ (SPABS) to boost their businesses.
The Shared And Personal Asset Benefit Scheme is an initiative of Self-employee Global Services Limited (SGSL) to enable artisans and business owners to have access to several capacity-building plans.
The scheme, which is being monitored by the Small Medium Enterprises Development Agencies of Nigeria (SMEDAN) and the Nigeria Social Insurance Trust Fund (NSITF), offers an Employee Compensation Scheme from NSITF, pension funds, and a retirement plan for traders and artisans.
The Chairman of SGSL, Chief Joju Fadairo, while speaking to newsmen during the inauguration of the scheme in Abeokuta on Friday, assured that the initiative will avail traders and artisans the opportunity to have access to loans for their businesses to survive.
Chief Fadairo equally stressed that the scheme will serve as a source of funds for beneficiaries to fall back on as retirement benefits years after.
He said, “The essence of the scheme is to help traders and artisans have benefits in terms of getting loans to boost their businesses, and they will have a source of funds that they can benefit from in the future as compensation and retirement benefits.
“My advice for them is to participate in this programme. There are lots of benefits that they will not regret, and in the future, there is a loan aspect of it and a retirement aspect.”
The Executive Director, Operations at SGSL, Atenipase Sonde, disclosed that registration on the platform provides a complete welfare registration, including job applications and job opportunities.
“Our platform offers well-paying jobs. The Pension Act enables micro pension schemes, allowing anyone to contribute. Registration is open, regardless of age.”
He added, “There are unlimited benefits and access to all our collaborating administrators, including the Nigeria Social Insurance Trust Fund (NSITF) and Small Medium Enterprise Development Agency of Nigeria (SMEDAN). They monitor our scheme and development assessment.
“We offer an Employee Compensation Scheme from NSITF, pension funds, and a retirement plan for traders and artisans on our SPAB Welfare Digital Platform.
“Registration on our platform provides a complete welfare registration, including job applications. We have four categories: food soldiers (non-commissioned), commissioned staff, and managers.
“Food soldiers handle daily interactions with traders and artisans. Managers oversee 40 food soldiers. Food soldiers earn at least ₦40,000 weekly.
While contributing, we upgrade you to access our capacity-building plan.”
He added, “This is the first initiative of its kind from our management, NSITF, SMEDAN, and pension fund administrators, coordinating benefits for traders and artisans.”