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The Ooni of Ife; Adeyeye Enitan Ogunwusi, Ojaja II signs 2billion USD MoU for the Oduduwa Global Heritage Fund between Pecora Capital/Nifund, House of Oduduwa & Norton Rose Fulbright


The Ooni of Ife; Adeyeye Enitan Ogunwusi, Ojaja II signs 2billion USD MoU for the Oduduwa Global Heritage Fund between Pecora Capital/Nifund, House of Oduduwa & Norton Rose Fulbright.

An MOU to set up 2 Billion USD Oodua Global Heritage Fund was signed in London by Oba Enitan Adeyeye Ogunwusi,Ojaja II.

This is the very 1st regional fund ever established in Nigeria to revamp moribund industries across Western Nigeria.


Aisha Buhari, Dolapo Osinbajo, Aregbesola storm Ile-Ife for Ooni women empowerment workshop

The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja 11 play host to the wife of the president, Aisha Buhari and wife of the vice president, Mrs Dolapo Osinbajo, as well as Osun state governor, Mr.Rauf Adesoji Aregbesola in Ile Ife, to attend the first Ooni Annual Women Empowerment Workshop.

Speaking at a media parley, the project coordinator for the event, Olamide Awosunle, said the urgent need to empower women, as part of larger plans to pull the country out of the current economic quagmire, motivated the workshop.

Awosunle said the workshop tagged: “Empowering Women for Economic Self-Reliance” which will be divided into an intellectual discuss session and two weeks training session for 200 women, is a direct response to present day realities of poor financial state of women.

He added that concerned stakeholders should as a matter of urgency take investment in Nigeria women as sacrosanct, adding that it is a must for all to work towards clearing away obstacles that are standing in women’s way, for them to be able to utilize all of their potential for their immediate family economic stability and national economic growth. “This we can do by empowering them and make them to be self-reliant.

There is no tool for development more powerful and effective than the empowerment of women and youth. Considering the economic situation of our country today, empowering women isn’t just the right thing to do, it is essential to drive sustainable business and economic growth.


“It is unfortunate that most women in Nigeria still face discrimination and disadvantage that prevent them their active participation in the economic development. As a nation that is in dare needs of economic rejuvenation, women liberation and active participation in economic activities is essential.

“Women can no longer have to depend on their husbands for livelihood; they need to be empowered to support their spouses for their families’ economic stability which in the long run brings about national economic growth.

By supporting and empowering women, we will transform lives, families and communities”, Awosunle concluded. Also expected at the event are Hajia Aisha Alhassan, Minister of Women Affairs and Social Development; Mr Kunle Obayan, MD/CEO, National Directorate of Employment(NDE); Senator Babajide Omoworare, Senator Representing Osun East Senatorial District; Senator Iyiola Omisore, Former Chairman, Senate House Committee on Appropriation and Mr Waheed Olagunju, Acting MD/CEO, Bank of Industry amongst others.


Ooni signs MoU with BoI on N1bn loan for Ife youths

The Ooni of Ife, Oba Adeyeye Ogunwusi has signed a memorandum of understanding with the Bank of Industry on provision of N1 billion loan facility for the Ife youths.

Oba Ogunwusi signed for the palace while the acting Managing Director, Mr. Waheed Olagunju, signed on behalf of the bank at a ceremony at the palace in Ile Ife.

Olagunju said the loan which would attract an interest rate of 7.5 per cent was aimed at empowering the youths to curb unemployment as well as youth restiveness.

He stated that no fewer than 5,000 youths would benefit from the loan, adding that the loan would encourage entrepreneurship and and boost local production of goods.

Olagunju said, “We have been partnering with multinational and corporate companies, but today we are collaborating with traditional rulers. These are people who have access to the grass root. Partnering with them is a way of ‎democratising entrepreneurship. We identify areas in which communities have comparative advantages and invest in them.

“The beneficiaries will be selected using the world best practices. For this edition, about 15 to 20 per cent  of them will be those who deal in local products. ‎ We are working with the entrepreneurship centre of Obafemi Awolowo University, Ile Ife. Applications are expected to be submitted and a joint committee of BoI team, the Oduduwa House and OAU team would access it.

“They are to be monitored by members of the committee and elders, especially the traditional rulers. We estimate that about 5,000 youths will benefit from this.”

Oba Ogunwusi said he would not mind to go hungry in order to ensure that the youths were cared for.

According to him, the loan will go a long way to discourage youths from taking to crime because the loan would raise their hope that there was a bright future if they worked hard.