In celebration of his 15th anniversary on the throne, Oba Saheed Ademola Elegushi has announced a N200 million fund to support small businesses and students in Lagos' Eti-Osa area.
The initiative, spearheaded by the Oba Saheed Elegushi Foundation, aims to provide financial aid and resources to entrepreneurs and students, fostering economic growth and academic excellence.
The monarch's spokesperson, Temitope Oyefeso, confirmed this in a statement on Monday.
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Oba Elegushi emphasized his commitment to community development, stating, "This initiative reflects my belief in our youth's potential and the resilience of our entrepreneurs. Together, we can build a brighter future."
A planning committee, led by Dr. Muiz Banire (SAN), has been set up to oversee the distribution of funds and ensure a successful celebration of the king's milestone.
Oba Elegushi was installed as the 21st Elegushi of Ikate Kingdom on April 27, 2010.
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