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Abiodun stakes ₦1bn to boost SMEs in Ogun

Gov. Abiodun empowers CDAs, artisans, traders and cooperatives with over ₦1bn in loan, supporting Ogun's grassroot economy.

Toluwani Odesola by Toluwani Odesola
October 31, 2026
in Development, Economy, News
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Dapo Abiodun, Governor of Ogun State

Dapo Abiodun, Governor of Ogun State

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The Ogun State government, under Governor Dapo Abiodun, has disbursed over ₦1 billion to Communitiy Development Associations, CDAs, artisans, traders, cooperatives, and trade associations across the state.

Governor Abiodun made the announcement on Friday during the 2026 International Community Development Day and World Trade Day celebrations at the Social Development Institute, SHA SHA, Iperu Remo.

He said that N500 million was provided through the “Oko-Owo/Irinse Dapo” Soft Loan Initiative for artisans and traders, while more than N500 million was disbursed to cooperative societies through the state’s revolving loan scheme.

Abiodun also announced the immediate commencement of the renovation of the institute, including the construction of a multipurpose hall.

He instructed the Director-General of Lands to identify a suitable parcel of land in Abeokuta suitable for a secretariat for community development associations.

He also promised to facilitate an appointment for a nominee of the associations, adding that other concerns raised by stakeholders would receive government attention.

Also Read: Gov Abiodun commends Army, Police, DSS for rescue of Poly students

On the 2027 elections, the governor urged residents to support President Bola Tinubu, citing improved foreign reserves, increased revenue allocations, student loans and infrastructure projects as gains of the administration.

He expressed confidence that Ogun would achieve the two-million-vote target, urging residents to rally behind the APC governorship candidate, Sen. Solomon Adeola, alongside other APC candidates.

Governor Abiodun said his administration had complemented the Federal Government’s Renewed Hope Agenda through its developmental pillars, listing the Gateway International Airport, proposed Gateway Deep Sea Port, and road constructions among its achievements.

“Nigeria is rising without a doubt. We see the light at the end of the tunnel, and we have a duty to ensure that this progress is sustained for the benefit of all of us,” he said.

Earlier, the Commissioner for Community Development and Cooperatives, Mr Ademola Balogun, described community development associations as critical partners in grassroots transformation, assuring stakeholders of sustained government support.

The Chairman, Ogun State Community Development Council, Adetayo Boyejo, in his remarks, commended the governor’s interventions

NAN

Tags: APCGovernor Dapo AbiodunIperu RemoOgun StateOko-Owo/Irinse Dapo Soft Loan InitiativeSmall Business Empowerment
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