No fewer than 1,000 entrepreneurs in the Ayobo-Ipaja Local Council Development Area (LCDA) of Lagos State have given about N100 million in grants to scale their businesses.
The beneficiaries also enjoyed financial literacy training under the Ajumose Season 1 initiative of the council’s chairman, Mr Ladi Oluwaloni.
At the launch of the scheme tagged Growth Together Entrepreneur Empowerment Grant Ajumose Season 1 at the council secretariat in the Ipaja area of Lagos State, the small business owners were given N100,000 each.
Mr Oluwaloni stated that the grant was a bold step towards grassroots economic empowerment, thanking Zenith Bank for supporting the initiative, saying it reinforced a strong public-private partnership for sustainable development.
In his keynote speech, the council chief emphasized his unwavering commitment to economic upliftment, enterprise support, and community growth, pledging that the second phase of the programme will be launched very soon to reach even more beneficiaries.
“Today is not just about giving grants; it is about investing in the resilience, ingenuity, and industrious spirit of our people.
“Our administration is dedicated to continuous empowerment programs that will build a thriving, inclusive economy where no one is left behind,” he promised.
The beneficiaries expressed profound gratitude to Mr Oluwaloni and the council leadership for the gesture, describing the scheme as a lifeline for their businesses and a monumental gesture of hope in the community.
In attendance were the former Deputy Governor of Lagos State, Mrs Adejoke Orelope-Adefulire, represented by Mr Akin Bashir; and a member of the Lagos State House of Assembly representing Oshodi/Isolo Constituency ll, Mr Ladi Ajomale, among others.