The Minister of Power, Adebayo Adelabu, on Friday disbursed N100 million in business support grants to traders, artisans, and farmers in Oyo State.
The event, tagged ‘2025 Mega Empowerment and Economic Relief Programme Series,’ was held at the Bayo Adelabu Foundation House in Ibadan, the state capital.
The News Agency of Nigeria reports that Adelabu, a former Central Bank of Nigeria (CBN) deputy governor, is also one of the All Progressives Congress governorship aspirants in the state.
Adelabu, while disbursing the grants, said it was aimed at alleviating economic hardship confronting residents and strengthening small-scale businesses in the state.
The minister also said the gesture was part of his commitment to empowering entrepreneurs and supporting economic growth at the grassroots.
He, however, emphasised that the programme was not politically motivated but a demonstration of gratitude and service to humanity.
“This empowerment is not about politics. I am only thanking God for His mercy by giving back to society,” he said.
Adelabu acknowledged the economic challenges facing Nigerians and called for targeted interventions to support traders, artisans, and farmers affected by inflation and rising costs.
He urged citizens to remain hopeful and continue supporting President Bola Tinubu’s administration, assuring that the ongoing reforms would soon yield positive outcomes.
“President Tinubu is God-sent to Nigeria. Though things are tough now, Nigerians will soon reap the gains of their sacrifices,” he said.
A guest speaker at the event, Mr Olutayo Akinleye, lauded the minister’s effort, adding that such support would contribute largely to economic growth and entrepreneurial development.
Akinleye, a financial expert, advised beneficiaries on the need to utilise the grant judiciously, urging them to shun extravagant and frivolous lifestyles.
Beneficiaries expressed appreciation to Adelabu, noting that the financial support would boost their businesses and improve their livelihoods.
NAN
