Okeagbe, Ondo State-born Dr. Olalere Sunday Oloruntobi, has made a significant contribution to the development of local businesses in his hometown by donating a sum of N24.5 million.
The money was split between mineral exploration activities and to support small businesses.
A breakdown of the plan shows that
the initial phase of mineral exploration will cost N6 million, with the primary objective of identifying valuable mineral deposits in Akoko North West LGA of the state.
A team of experts in Geoscience and Mining Engineering is expected to commence work on Monday, March 10, 2025.
Also, the sum of N18.5 million was distributed among 37 small businesses in Okeagbe, with each business receiving N500,000.
According to an indigene and community leader, Olumide Aliu, the support will make a significant impact on the local economy.
He said: “We extend our heartfelt gratitude to Dr. Olalere for his generosity and commitment to the community’s growth and development. His selfless act is a shining example of community spirit and philanthropy.”
Other community leaders, including Niyi Adekanye and Niyi Akeju, hailed Oloruntobi’s contributions to the development of Okeagbe and its people.
He expressed optimism that the fund will be used to develop the community, and urging the beneficiaries to put what they get to good use.
The four monarchs in Okeagbe are thrilled about the expected turnaround the funds will have on local businesses and the overall development of the community.
