In a drive to boost economic growth and support small businesses, the Toyin Amuzu Foundation (TAF) has provided free business name registration for 100 female entrepreneurs in Abeokuta South, Ogun State. The initiative, carried out in partnership with the Corporate Affairs Commission (CAC), aims to formalize businesses, enhance access to financial opportunities, and promote economic stability within the community.
Speaking in Abeokuta, Chief Toyin Amuzu, a former House of Representatives candidate, described the initiative as part of the foundation’s broader commitment to economic empowerment. He emphasized that the program is non-political and solely focused on improving lives, particularly in Egbaland.
“This initiative is about equipping our people with the necessary tools to succeed. When small businesses thrive, communities grow, and jobs are created,” Amuzu stated.
Beyond business registration, the Toyin Amuzu Foundation has a history of supporting entrepreneurs through interest-free loans, community water projects, and empowerment programs for women and youth. Amuzu further announced that the foundation would be providing Point of Sale (POS) machines to the 100 beneficiaries, enabling them to expand their businesses and participate more actively in Nigeria’s digital economy.
He reiterated that such interventions are crucial, especially as Nigeria grapples with economic challenges. By reducing barriers to business formalization and providing essential tools for financial inclusion, TAF is demonstrating how private-sector-driven initiatives can drive economic resilience.
“Supporting small businesses is one of the most effective ways to build a stronger economy. We are committed to sustaining these efforts and expanding our impact,” Amuzu added.
As economic uncertainties persist, initiatives like this highlight the importance of grassroots empowerment in fostering long-term growth and development. The foundation’s approach serves as a model for how strategic interventions can uplift local entrepreneurs, strengthen businesses, and contribute to broader economic recovery.
