The Ooni of Ife, Oba Adeyeye Ogunwusi, and the Small and Medium Enterprise Development Agency of Nigeria, have launched a N1 billion endowment fund for female entrepreneurs in the country.
is named Alhaja Habibatu Mogaji Tinubu Endowment Fund to honour of the mother of President Bola Tinubu.
The Fund was launched in Ile-Ife, Osun State, at the weekend as part of the activities of this year’s edition of the Royal African Young Leadership Forum where 100 youths drawn across the continent received awards.
Among the awardees included the Minister of Youth Development, Dr. Jamila Ibrahim, the Speaker of the Osun State House of Assembly, Adewale Egbedun, and Dr. John Aggrey, among others.
Oba Ogunwusi said young female entrepreneurs could draw from the fund to grow their businesses.
“For this fund, we know one person so prolific in Nigeria due to what she did as an entrepreneur. She did so well in this country. Even after her demise, we still remember all she did in this world before she left.
So, we are naming this fund after Iyaloja Abibatu Mogaji Tinubu. It is a N1 billion endowment fund to help young people establish their own businesses.” (GBN)
