KEY POINTS
- The Adelabu empowerment initiative gives Oyo traders N100 million.
- The goal of the initiative is to make life easier for people at the bottom of the economic ladder.
- Beneficiaries urged to invest funds wisely for growth.
Nigeria’s Minister of Power, Adebayo Adelabu, has disbursed N100 million in business support grants to traders, artisans, and farmers in Oyo State.
The programme, tagged “2025 Mega Empowerment and Economic Relief Series,” took place at the Bayo Adelabu Foundation House in Ibadan.
The minister, a former deputy governor of the Central Bank of Nigeria, said the initiative aims to ease economic hardship and strengthen grassroots enterprises.
Adelabu empowerment programme targets Oyo traders
Adelabu, an APC governorship aspirant, insisted he launched the effort as an act of gratitude and service, not for political gain. “This empowerment is not about politics,” he said. “I am only thanking God for His mercy by giving back to society.”
He acknowledged Nigeria’s current economic challenges and urged citizens to remain patient, expressing confidence that President Bola Tinubu’s reforms would yield positive results soon. “Though things are tough now, Nigerians will soon reap the gains of their sacrifices,” he added.
A guest speaker, Olutayo Akinleye, also commended the initiative, describing it as a model for supporting entrepreneurship and local growth.
He further told the people who got the money to be smart with it and not spend it on things that aren’t important. Recipients therefore thanked Adelabu and said the money would help keep their businesses running and improve their lives.
