Oba Saheed Elegushi Foundation is set to allocate N200 million to support small and medium-sized enterprises (SMEs) and students in Eti-Osa area of Lagos State.
In a remarkable show of commitment to community development and empowerment, the Oba Saheed Elegushi Foundation has announced a generous allocation of N200 million to support small and medium-sized enterprises (SMEs) and students in Eti-Osa area of Lagos State.
This initiative coincides with the 15th anniversary of His Royal Majesty, Oba Saheed Ademola Elegushi, the Elegushi of Ikateland, who has dedicated his reign to fostering growth and prosperity within his community.
In press statement signed by the traditional ruler’s spokesperson, Temitope Oyefeso, he said the foundation’s initiative aims to provide financial assistance and resources to local entrepreneurs and students, helping to stimulate economic growth and enhance educational opportunities.
The funding will be distributed through various programs designed to support innovation, entrepreneurship, and academic excellence.
Oba Elegushi, who has been a pivotal figure in promoting sustainable development in his kingdom and Lagos State, expressed his deep commitment to uplifting the community.
“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 youth and the resilience of our entrepreneurs. Together, we can build a brighter future for our communities,” he stated.
This initiative not only marks a significant milestone in the Elegushi monarch’s reign but also reinforces the foundation’s commitment to driving positive change within its area of focus.
Oyefeso added that a planning committee, headed by lagos lawyer Dr Muiz Banire, is already working round the clock to ensure a successful celebration for the traditional ruler.
Other activities planned to celebrate the milestone anniversary, which holds from 18 – 27 April 2025, include the public presentation of a book on the history of Ikate-Elegushi kingdom, conferment of honorary chieftaincy titles on eminent Nigerians, as well as a cultural festival and an anniversary banquet.
Oba Saheed Elegushi was installed as the 21st Elegushi of Ikate kingdom on the 27th of April 2010.