Economic Empowerment: Jakande Set To Empower Residents With N250M Interest Free Loans, Mini Buses

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Emmanuel Clement 

The Executive Chairman of Odi-Olowo/Ojuwoye LCDA, Dr. Seyi Jakande, has concluded plans to empower residents with N250 million interest-free loans and JAKO Mini-Buses.

The empowerment programme, which covers the disbursement of the Ile Owo Interest-Free Loan Scheme and distribution of mini-buses to beneficiaries across the council, will hold on Friday, 30th October 2026, at the Council Premises by 9:00 AM.

Under the scheme, nine beneficiaries – one from each ward in the LCDA – will receive JAKO Mini-Buses, while hundreds of residents, particularly small business owners, will benefit from the N250 million interest-free loan facility.

The Council boss said the initiative is part of its sustained commitment to supporting local businesses, empowering households and creating opportunities for economic growth and self-reliance across Odi-Olowo/Ojuwoye.

According to the release,the Ile Owo loan scheme is designed to provide financial relief to residents without the burden of interest, while the mini-bus distribution will create sustainable means of livelihood and improve mobility.

Residents, community leaders, stakeholders and members of the general public have been invited to witness what the Council described as a landmark empowerment occasion.

 

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