By Ayomide Otitoju
The Minister of Power, Adebayo Adelabu, on Friday distributed ₦100 million in business support grants to traders, artisans, and farmers across Oyo State.
The event, titled “2025 Mega Empowerment and Economic Relief Programme Series,” took place at the Bayo Adelabu Foundation House in Ibadan, the state capital.
Adelabu, a former Deputy Governor of the Central Bank of Nigeria (CBN) and governorship aspirant under the All Progressives Congress (APC), said the initiative was designed to ease economic hardship and strengthen small-scale businesses in the state.
He stressed that the programme was not politically motivated but an act of service and gratitude.
“This empowerment is not about politics. I am only thanking God for His mercy by giving back to society,” he said.
Adelabu acknowledged the severe economic pressure on Nigerians, calling for more targeted interventions to assist small business owners hit by inflation and high costs. He urged citizens to remain patient and continue supporting President Bola Tinubu’s administration.
“President Tinubu is God-sent to Nigeria. Though things are tough now, Nigerians will soon reap the gains of their sacrifices,” he added.
A guest speaker, Olutayo Akinleye, commended Adelabu’s initiative, saying the grants would help stimulate economic activity and entrepreneurship. He urged beneficiaries to use the funds responsibly and avoid wasteful spending.
Beneficiaries thanked the minister for the financial support, noting that it would help grow their businesses and improve their living conditions.
