Elegushi to mark coronation anniversary with N200m grant for SMEs, students — News — The Guardian Nigeria News – Nigeria and World News

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 the Eti-Osa area of Lagos State.

This initiative coincides with the 15th coronation anniversary of the Elegushi of Ikateland, Oba Saheed Ademola Elegushi, who has dedicated his reign to fostering growth and prosperity within his community.

In a statement signed by his Spokesperson, Temitope Oyefeso, the monarch 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, according to him, will be distributed through various programmes 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 commitment to uplifting the community.

He 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 the resilience of our entrepreneurs. Together, we can build a brighter future for our communities.”

He said that the initiative would not only mark a significant milestone in his reign but also reinforce the Foundation’s commitment to driving positive change within its area of focus.

The monarch added that a planning committee, headed by Lagos lawyer, Dr MuizBanire, is already working round the clock to ensure a successful celebration of the anniversary.

Meanwhile, other activities planned to celebrate the milestone anniversary, which will be held from April 18-27, 2025, include the public presentation of a book on the history of the Ikate-Elegushi Kingdom, conferment of honorary chieftaincy titles on eminent Nigerians, as well as a cultural festival and an anniversary banquet.