Elegushi Foundation Pledges N200m to Support SMEs, Students in Eti-Osa
The Oba Saheed Elegushi Foundation, a Non-Governmental Organisation (NGO), has announced a donation of N200 million to support Small and Medium Enterprises (SMEs) and students in the Eti-Osa area of Lagos State.
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In a statement signed by Temitope Oyefeso, Special Assistant on Public Affairs to the traditional ruler of Ikateland, Oba Saheed Elegushi, the NGO highlighted that this initiative aligns with the 15th anniversary of the monarch’s reign, which has significantly contributed to the community’s growth and prosperity.
Oyefeso further stated that the traditional ruler remains committed to sustainable development and the continuous upliftment of the community.
Elegushi was quoted to have said: “As I celebrate 15 years on the throne, I am continuing in the tradition of giving back to the society that has supported me.
“This initiative is a testament to my belief in the potential of our youths and entrepreneurs.
“Together, we can build a brighter future for our communities.”
Oyefeso said the initiative aimed at providing financial assistance and resources to local entrepreneurs and students to help stimulate economic growth and enhance educational opportunities.
“This initiative not only marks a significant milestone in the traditional ruler’s reign but also reinforces the foundation’s commitment to driving positive change within its area of focus,” he said.
He stated that the funds would be allocated through various programs aimed at fostering innovation, entrepreneurship, and academic excellence.
Oyefeso also mentioned that the anniversary celebrations, scheduled to take place from April 18 to April 27, will feature several events, including the public presentation of a book on the history of the Ikate-Elegushi Kingdom.
Other highlights include the conferment of titles on distinguished Nigerians, a cultural festival, and an anniversary banquet.
The traditional ruler ascended the throne as the 21st Elegushi of Ikate Kingdom on April 27, 2010.
NAN/Oluchi
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