Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG

    September 24, 2026

    EFCC Charges Pastors, Imams on Anti-corruption Preaching

    September 24, 2026

    Power Generation Rises To 5,403MW, Close To Record Peak

    September 24, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      INEC Preserves Institutional Memory In Preparedness For 2027 Polls

      September 23, 2026

      INEC Commences Recruitment of Ad-hoc Staff for 2027 Elections

      September 18, 2026

      Toyin Abraham Debunks Participation in Lagos APC Campaign Council

      September 18, 2026

      Lagos Gov. Sanwo-Olu, Fashola, Ambode Part of Lagos APC Campaign Council

      September 17, 2026

      IYOVWAYE: TRADITIONAL RULERS’ ENDORSEMENT DOES NOT REMOVE DELTANS’ RIGHT TO CHOOSE

      September 16, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment September 22, 2026

      Tinubu Congratulates King Sunny Ade at 80, Praises Musical Milestone

      Recent

      Tinubu Congratulates King Sunny Ade at 80, Praises Musical Milestone

      September 22, 2026

      Lagos Deputy Governor Hamzat Pays Condolence Visit To Joke Silva’s Family

      September 19, 2026

      Davido To Feature Three-Night Concert At National Theatre

      September 19, 2026
    • Business

      Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG

      September 24, 2026

      SMEDAN And EFCC Strengthen Collaboration On Youth Empowerment, Cybersecurity

      September 17, 2026

      Stanbic IBTC Drives Nigeria-China Partnership for Sustainable Growth at Business Without Borders Forum

      September 9, 2026

      Keystone Bank, FBRA Train 100 Green SMEs On Waste-to-wealth Businesses

      September 7, 2026

      ProvidusUnity Bank And Push To Build Stronger Nigerian SMEs

      September 7, 2026
    • Health

      ZAMFARA RELEASE OF FIRST BATCH OF SUCCESSFUL APPLICANTS NURSES & MIDWIVES RECRUITMENT

      September 17, 2026

      Pastor Adeboye Of RCCG Donates Three Dialysis Machines To UBTH

      September 3, 2026

      Lagos Presents Blood Donation Drive Through 10 LGAs

      August 27, 2026

      LAWMA Assures Residents of Plan to Evacuate Refuse Heaps in Lagos

      July 29, 2026

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026
    • Culture

      Awujale Stool: Ruling House Commits Trust In Leaders, Disapproves Removal

      August 13, 2026

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026
    • Lifestyle

      Tinubu Congratulates Shettima on 60th Birthday, Calls him Patriot, Trusted Ally. 

      September 2, 2026

      Gov Dauda Lawal @ 61: A Functionalist In Power

      September 2, 2026

      Jay-Jay Okocha’s Daughter Unveils Wedding Picture In Spain

      August 31, 2026

      Oborevwori, Arigbodi Families Glorified God As Children’s Wedding Ends In Thanksgiving

      August 31, 2026

      Celebrating A Jolly Good Fellow—Happy Birthday, Regie, Mfr

      August 31, 2026
    • Sports

      Super Eagles Begin Training For Madagascar Clash, 23 Players Ready

      September 23, 2026

      Nigeria Open With Double Victory in NCF Quadrangular T20 Tourney

      September 22, 2026

      Madagascar Arrive Uyo With 28-man Delegation In Preparation For AFCON Qualifiers

      September 22, 2026

      Flamingos Run Down Burkina Faso With 2-0 Win, Keeping Perfect WAFU-B U17 Record

      September 22, 2026

      Miami To Host FIFA Women’s Champions Cup 2027 Final Phase 

      September 20, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG
    Business

    Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG

    Ifetayo AdeniyiBy Ifetayo AdeniyiSeptember 24, 20265 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG
    Share
    Facebook Twitter WhatsApp Telegram Email

    File: Ogun State Governor, Dapo Abiodun

    The Ogun State Government, in partnership with the Federal Government and the World Bank, has begun disbursing N6 billion from the Community Investment Fund to 3,855 women affinity groups across four local government areas under the Nigeria for Women Programme Scale-Up.

    The intervention is aimed at expanding women-led businesses, strengthening household livelihoods and increasing women’s participation in economic activities.

    Speaking at the flag-off ceremony in Ijebu-Ode, Governor Dapo Abiodun, represented by the immediate-past Commissioner for Women Affairs and Social Development, Motunrayo Adeleye, said the fund was designed to enable women to move from subsistence activities to sustainable enterprises.

    “Today, we gather not merely to mark the disbursement of a fund, but to celebrate another important step in our deliberate journey of empowering women, strengthening families and expanding opportunities for sustainable livelihoods.

    “The beneficiary groups have demonstrated their readiness for the intervention by meeting key programme requirements, including regular participation, savings and internal lending, opening bank accounts and preparing Micro-Investment Plans.”

    He disclosed that the women had collectively saved N2.6bn in the past seven months, while loans accessed through the groups had risen to more than N4bn.

    According to him, the figures demonstrated the financial discipline, trust and commitment developed by the WAGs.

    “These figures are more than statistics; they are compelling evidence of the financial discipline, trust, commitment and readiness that the Women Affinity Groups have developed under the programme,” he said.

    The governor clarified that the N6bn CIF was not an outright grant but a sustainable revolving financing facility designed to provide capital for establishing and expanding businesses, creating employment and improving household welfare.

    He explained that the intervention was an extension of the Nigeria for Women Project, which commenced in the state in December 2020, following the signing of the project between the World Bank and the Federal Government in 2018.

    Abiodun said the parent project established 3,792 WAGs across 1,003 communities in Odeda, Ikenne, Ijebu North-East and Yewa North Local Government Areas.

    He added that 368 Ward Facilitators were trained and deployed, while 67,094 women beneficiaries received individual grants in April 2022.

    According to him, the Scale-Up phase has expanded to seven local government areas— Ifo, Ado-Odo/Ota, Ijebu-Ode, Sagamu, Abeokuta North, Ipokia and Remo North.

    He said 5,394 WAGs had been formed under the scale-up phase, reaching 124,062 women as of September 21, 2026.

    “The programme has also covered 3,489 communities, with 664 trained ward facilitators, while about 26 states have visited Ogun to study its model and the World Bank has adopted the state as a training hub,” Abiodun stated.

    The governor said the WAG model went beyond providing access to finance, noting that it also incorporated financial literacy, savings, responsible borrowing, collective accountability, business and entrepreneurial skills, gender awareness and life skills.

    He added that beneficiaries were also being exposed to opportunities relating to health insurance, climate adaptation, strategic partnerships and National Identification Number enrolment.

    “In other words, the programme is building not only businesses, but knowledgeable, financially disciplined and economically resilient women,” he said.

    Abiodun reaffirmed his administration’s commitment to providing the policy support and institutional collaboration required to complement the intervention, while appreciating the World Bank, Federal Project Coordinating Unit and other partners for their support.

    Also speaking, the Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, represented by her Special Assistant on Technical Management, Jummaih Idonije, described the initiative as a strategic economic intervention consistent with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

    She said expanding women’s economic opportunities remained central to inclusive national development.

    The minister commended Ogun State for its leadership in implementing the programme, urging the beneficiaries to sustain the momentum and serve as models to other WAGs across the participating local government areas.

    The World Bank Task Team Manager, Michael Ilesanmi, said the programme was helping to bridge financial access gaps for women while strengthening their capacity to withstand economic pressures.

    The Commissioner for Finance and Chief Economic Adviser to the Governor and Chairman of the Multi-Sectoral Committee of the NFWP-SU, Dapo Okubadejo, said the intervention underscored the importance of deliberate investment in women.

    Okubadejo, who was represented by the Permanent Secretary, Ministry of Women Affairs and Social Development, Adebimpe Obienu, noted that women played significant roles as traders, farmers, processors, artisans, entrepreneurs and community builders.

    He commended the World Bank, Federal Ministry of Women Affairs and other stakeholders for their contributions to the implementation of the programme, while acknowledging the support of community leaders in ensuring its acceptance at the grassroots.

    Some beneficiaries, including Oyesanya Omotoke of Irede WAG in Sagamu, Ayomide Ogunleye of Ifeoluwa WAG in Ijebu-Ode and Adesola Teriba, Chairperson of Success WAG in Abeokuta North, expressed appreciation for the intervention.

    They said the fund would help women strengthen their businesses and improve their livelihoods, while commending the WAG model for promoting savings, internal lending, financial discipline and collective responsibility.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleEFCC Charges Pastors, Imams on Anti-corruption Preaching
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News September 24, 2026

    EFCC Charges Pastors, Imams on Anti-corruption Preaching

    News September 24, 2026

    Nigerian Professor of Chemistry Wins Schlumberger Prize

    News September 23, 2026

    NIMC Dismisses Breach, Assures Nigerians of Safety of Identity, Data

    News September 23, 2026

    Governor Dauda Lawal Joins VP Shettima at UNGA, Positions Zamfara as Investment Destination

    News September 23, 2026

    FG Hastens Achievement of $2bn Digital National Fibre Network

    Education September 23, 2026

    Lagos Begins Child Protection Week, To Engage 1,500 Children On Safety

    Leave A Reply Cancel Reply

    Don't Miss
    Business September 24, 2026

    Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG

    File: Ogun State Governor, Dapo Abiodun The Ogun State Government, in partnership with the Federal…

    EFCC Charges Pastors, Imams on Anti-corruption Preaching

    September 24, 2026

    Power Generation Rises To 5,403MW, Close To Record Peak

    September 24, 2026

    Nigeria Achieves 307m Barrels Oil Production in Six Months 

    September 24, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    [Watch] Thanksgiving Ceremony – 30 years of Lee Engineering Construction & Company Limited

    December 17, 2021

    AMPMAN congratulates Anambra Governor-Elect, Prof Charles Soludo

    November 14, 2021

    ACE-COMEDIAN, SHORTCUT HOSTS COMEDY 3.O IN ABUJA.

    November 3, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.