Philanthropist and chieftain of All Progressives Congress, Abdulkareem Shittu, has empowered traders and artisans in Ikorodu, Lagos State, through the fifth edition of his foundation’s interest-free loan aimed at supporting small businesses and promoting grassroots economic growth.
The event brought together beneficiaries and community leaders, who lauded the initiative for easing the burden of traders unable to access loans from conventional banks.
Speaking at the event, Shittu reaffirmed his commitment to uplifting residents through sustainable empowerment.
“This is more than just a loan scheme; it’s a movement to restore hope and build economic independence. When you help a trader, you empower a family and strengthen the economy of communities,” he said.
Since inception, the scheme has expanded in Ikorodu division, offering interest-free financial support to traders, artisans and young entrepreneurs to boost their businesses and sustain their livelihood.
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Beneficiaries described the intervention as life-changing.
A food vendor, Mrs. Monsurat, said the support helped her restock her business.
“My business was collapsing, today, I can restock and even employ one helper, Shittu is truly God-sent,” she said.
Another beneficiary, a young tailor, praised the initiative for providing relief.
“Getting a loan without interest is something we never imagined possible. This programme has brought hope to many of us,” he said.
The foundation’s interest-free loan initiative has become a hallmark of community empowerment in Ikorodu, positioning Shittu as an advocate of inclusive growth and people-centred development.