(Photos): Akin Alabi Launches ₦500 Million Micro Business Support Initiative, Disburses ₦50 Million to First Batch of Beneficiaries

-



(Photos): Akin Alabi Launches ₦500 Million Micro Business Support Initiative, Disburses ₦50 Million to First Batch of Beneficiaries



IBADAN—Peter Felix

In a major move to bolster grassroots entrepreneurship, Hon. Akin Alabi, representing Egbeda/Ona-Ara Federal Constituency, officially flagged off his ₦500 Million Micro Business Support Initiative today at the Esho Events Center, Old Ife Road, Ibadan.
The landmark initiative is designed to provide direct financial grants to 5,000 micro-business owners, with each recipient receiving ₦100,000.00 to scale their operations and navigate current economic challenges.

During the January edition held today, a total of ₦50,000,000.00 was disbursed to the first batch of 500 beneficiaries. This monthly exercise will continue until the full ₦500 million target is reached, ensuring a steady injection of capital into the local economy.
Speaking at the event, Hon. Akin Alabi emphasized that this financial intervention is a strategic pillar of his representation, designed to work in tandem with his ongoing infrastructural projects.

"This empowerment program is about more than just a grant, it is an investment in the hardworking individuals who drive our local economy. By supporting 5,000 micro-businesses, we are strengthening the backbone of Egbeda/Ona-Ara federal constituency and ensuring that our constituents have the resources to thrive alongside our infrastructural ." Akin Alabi stated.
The flag-off ceremony was well-attended by prominent leaders and stakeholders of the All Progressives Congress (APC), signaling strong party support for the initiative. Key attendees included:Hon. Joshua Oyebamiji, PhD, Chairman, APC Oyo Central Senatorial District, Hon. Olawale Sadare, State Public Relations Officer, APC Oyo State, Hon. Olawale Olaleye and Prince Kolawole Ogundipe, APC Chairmen for Egbeda and Ona-Ara LGAs, respectively. Others include Hon. Bola Fawole, former Majority Leader, Oyo State House of Assembly, Hon. Ismaila Akanni Ere, former Executive Chairman, Ona-Ara Local Government, Alhaji Sule Suara Elegbeda and Alhaji Yinka Folarin, notable party leaders.
Other distinguished figures present included Hon. Ibrahim Bolomope and Hon. Biliaminu Ogundele, alongside various community leaders from across the Federal Constituency.
Google search engine
💰Invest cryptocurrency. Get +20% in 24 hours!
BONUS 💲10 000 on your account❗️TAKE THEM❗️
The Micro Business Support Initiative marks a significant milestone in Hon. Akin Alabi’s commitment to poverty alleviation and economic self-sufficiency. By providing non-refundable grants rather than loans, the program removes the burden of debt from small-scale traders, artisans, and entrepreneurs, allowing them to reinvest fully in their growth.

The next phase of the disbursement is scheduled for February, continuing the mission to reach all 5,000 intended beneficiaries.




News>>>Photos: Akin Alabi Launches ₦500 Million Micro Business Support Initiative, Disburses ₦50 Million to First Batch of Beneficiaries

IBADAN : Peter Felix

Comments

Post a Comment

Popular posts from this blog

PDP Asks Court To Sack Four Osun Lawmakers Over Defection

-
Image
JUST-IN: PDP Asks Court To Sack Four Osun Lawmakers Over Defection The Peoples Democratic Party has asked the Federal High Court in Abuja to order the removal of four lawmakers representing Osun State at the National Assembly for defecting to the All Progressives Congress. The lawmakers include two senators and two members of the House of Representatives. They are: Senator Francis Adenigba Fadahunsi, representing Osun East Senatorial District; Senator Olubiyi Oluwole Fadeyi, representing Osun Central Senatorial District; Omirin Emmanuel Olusanya, representing Atakumosa East/West and Ilesa East/West Federal Constituency; and Taofeek Abimbola Ajilesoro, representing Ife Central/East/North and South Federal Constituency. The PDP, in four separate suits filed on Wednesday by its lead counsel, Raphael Oyewole, sued the legislators as first defendants in each case. While the Senate President is listed as second defendant in the cases against the senators, the Speaker of the House of Represen...
Read more

JUST-IN: Former Governor of Oyo State Is Dead

-
Image
JUST-IN: Former Governor of Oyo State Is Dead   Omololu Olunloyo A reports at the disposal of this newspaper indicate that the Former Governor of Oyo State Omololu Olunloyo is dead. He was 89 years of age. A statement from the family state. 💰Invest cryptocurrency. Get +20% in 24 hours! BONUS 💲10 000 on your account❗️TAKE THEM❗️ “Omololu Olunloyo passed on to eternal glory at 1 40 am on the 6th of April 2025.We thank God for a life well spent. May the Lord Jesus rest his soul.” More details later. Connected with INSTANTnews on Watsapp                        08102022907 News   >>JUST-IN: Former Governor of Oyo State Is Dead  @INSTANTnews
Read more

JUST-IN: Seven Councillors Expose Oluyole LG Chairman's Alleged Misconduct

-
Image
JUST-IN: Seven Councillors Expose Oluyole LG Chairman's Alleged Misconduct Oyo: Felix Peter A recent development has shed light on the alleged high-handedness, fraudulent executive lawlessness, massive corruption, and media propaganda that have been plaguing the Oluyole Local Government Council. Seven out of the 10 councillors have come forward to expose the Chairman, Engr. Akeem Olatunji, citing his deceitful governance as a major concern. The councillors have alleged that Engr. Olatunji has been engaging in various forms of misconduct. The councillors claim that the Chairman has been disregarding established protocols and procedures, instead opting for autocratic decision-making. The allegations suggest that Engr. Olatunji has been violating laws and regulations governing the local government, potentially leading to financial impropriety and other forms of malfeasance. The councillors accuse the Chairman of engaging in corrupt practices, which have likely had a negative impact on...
Read more