Akin Alabi Flags Off ₦500 Million Micro Business Support Initiative In Oyo -

Akin Alabi Flags Off ₦500 Million Micro Business Support Initiative in Egbeda/Ona-Ara

Hon. Akin Alabi, Member representing Egbeda/Ona-Ara Federal Constituency and Chairman of the House Committee on Works, has officially launched a ₦500 million Micro Business Support Initiative aimed at empowering 5,000 micro business owners across the constituency.

The initiative was flagged off on Thursday at the Esho Events Center, Old Ife Road, Ibadan, with the disbursement of ₦50 million to 500 beneficiaries. Each beneficiary received ₦100,000 as direct financial support to strengthen their businesses and improve their livelihoods.

According to Hon. Alabi, the empowerment programme is designed to stimulate grassroots economic growth, support small-scale entrepreneurs, and complement ongoing infrastructural development across the constituency. The scheme will be implemented monthly over a 12-month period until the full ₦500 million target is achieved.

Speaking at the event, Hon. Alabi reaffirmed his commitment to inclusive development, stressing that economic empowerment remains a critical pillar of sustainable community development.

The flag-off ceremony attracted key political leaders and stakeholders, including Hon. Joshua Oyebamiji, PhD, Chairman of APC Oyo Central Senatorial District; Hon. Olawale Olaleye, Chairman of APC in Egbeda Local Government; Prince Kolawole Ogundipe, Chairman of APC in Ona-Ara Local Government; Alhaji Yinka Folarin, APC leader in Ona-Ara Local Government; and Hon. Olawale Sadare, APC State Public Relations Officer.

Other notable dignitaries present included Hon. Bola Fawole, former Majority Leader of the Oyo State House of Assembly; Hon. Ismaila Akanni Ere, former Executive Chairman of Ona-Ara Local Government; Alhaji Sule Suara Elegbeda, APC leader in Egbeda Local Government; Hon. Biliaminu Ogundele, APC leader in Egbeda Local Government; and Hon. Ibrahim Bolomope, former member of the Oyo State House of Assembly, among others.

The initiative marks another milestone in Hon. Alabi’s efforts to combine infrastructure development with direct economic empowerment for constituents, reinforcing his commitment to improving livelihoods and expanding opportunities for small business owners in Egbeda/Ona-Ara Federal Constituency.