The Launch of Oniru Business and Cultural Day

The Lagos State Government and the Iru Kingdom have officially unveiled the "Oniru Business and Cultural Day," alongside the launch of the "Oniru Business Network." This landmark collaboration is designed to bridge the gap between tradition and modern commerce, creating a synergy that drives both economic and socio-cultural development. The initiative marks a new chapter for the kingdom, transforming it into a structured hub for investment and community growth.

​Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Bada Ambrose, described the project as a strategic response to the modern need for public-private partnerships. Scheduled for February 14, 2026, the Business and Cultural Day will provide a unique marketplace where indigenous businesses and expatriate firms can interact. It is designed as a platform for entrepreneurs to showcase their services, share their brand stories, and connect directly with high-level investors.

​Beyond the exhibition of goods, the initiative serves as a vital problem-solving forum. It brings together government MDAs, financial institutions, and the private sector to tackle practical challenges such as access to finance, infrastructure needs, and digital adoption. By centering culture in these discussions, the government ensures that development feels respectful and inclusive, acknowledging that economic progress is most sustainable when it aligns with the people's identity.

​A critical component of this project is the Oniru Business Network, which acts as a "pipeline builder" for future growth. Rather than being a one-off event, the network will maintain a living registry of businesses and host periodic forums to ensure continuous engagement. This structure provides the institutional memory and strategic follow-through necessary to turn temporary connections into long-term economic partnerships and employment opportunities for the youth.

His Royal Majesty, Oba Omogbolahan Lawal, Abisogun II, emphasized that this vision is rooted in strategy rather than mere ceremony. The Oniru of Iru Kingdom noted that the prosperity of a modern kingdom depends on the quality of its structures and its ability to turn intentions into shared progress. By organizing how culture and commerce interact, the Iru Kingdom is setting a precedent for how traditional institutions can lead the way in 21st-century economic governance.