November 30, 2022

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30 corps members win Unity Financial institution’s Corpreneurship problem grant


Nigerian lender, Unity Financial institution Plc has doled out a N10 million enterprise grant to 30 corps members who emerged the winners of the eighth version of its flagship Entrepreneurship Growth Initiative, often known as Corpreneurship Problem.

The winners emerged after a enterprise pitch that happened throughout 10 states – Rivers, Delta, Sokoto, Edo, Abuja, Akwa-Ibom, Osun, Kano, Bayelsa and Enugu just lately.

On the Rivers State NYSC Orientation camp at Nonwa Gbam Tai, the winners included Moses Obianuju Gloria, a trend entrepreneur whose marketing strategy received N500, 000 grant for a cloth manufacturing firm; Emmanuel Godwin Adole, a budding industrial rice farmer who received N300, 000 grant; and Okotie Racheal Dokubere who took residence N200, 000 grant to assist her trend manufacturing outfit specialising in workplace and outside outfits for girls.

In Delta State, the place the Corpreneurship Problem additionally debuted on this version, Adegoke Blessing Hezekiah, a fish farmer emerged as the general winner to assert the N500,000 grant, whereas Egbelelo Fortunate Etanami, a trend entrepreneur and Tob Tamaraumien Ruth, emerged the primary and second runner as much as declare N300,000 and N200,000 prizes respectively.

Different winners from different states had been additionally drawn from contestants whose enterprise plans included fish manufacturing, poultry farming, trend, cleaning soap and cake making, printing, piggery and beverage making.

To emerge because the winners, their enterprise plans had been assessed on originality, marketability, future employability potential of the product and information of the enterprise.

Talking in the course of the finale in Delta State, the Group Head, Retail, E-Enterprise and SME Banking, Unity Financial institution Plc, Mr. Olufunwa Akinmade, mentioned the competitors has steadily turn out to be Nigeria’s premium marketing strategy contest for rising entrepreneurs.

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“After we began the initiative in 2019, we had got down to encourage a brand new era of entrepreneurs in Nigeria. To this point, the initiative has resonated with the target market and there’s no gainsaying the actual fact, that it will proceed to have a huge effect on job creation throughout the nation.

Represented by Mr. Abu Igemohia Mohammed, the Regional Supervisor, Edo/Delta Area, Akinmade reiterated, “As we now have maintained, the grants usually are not a mortgage and we would like the cash to be directed in the direction of the worthwhile ventures which have been chosen. We proceed to encourage the winners to proceed to study the rudimentary classes essential to construct a profitable enterprise. We emphasize that the budding entrepreneurs who participate on this initiative always take into consideration the challenges they are going to face and put the identical power all of them have displayed in making ready for this contest of their companies as they face their post-service 12 months forward.”

He mentioned the Financial institution will maintain the programme with a purpose to obtain a report impression on entrepreneurship assist and job creation.

The Corpreneurship Problem, which has earned the Financial institution nationwide recognition for its impression on youth empowerment and job creation, has continued to elicit rising curiosity among the many corps members, attracting over 2000 candidates and participation in each version.

In partnership with the NYSC Ability Acquisition and Entrepreneurship Growth, SAED, the initiative prominently incorporates a enterprise pitch presentation that gives the individuals with the chance to current their enterprise plans and stand an opportunity to win as much as N500, 000 money within the enterprise grant.

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To this point, Unity Financial institution has invested over N100 million within the initiative which has now produced 88 winners because it was launched.