Business
SMEDAN Awards N2.05m Grants To Five Women Entrepreneurs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has awarded a grant of N2.05million to five outstanding women entrepreneurs.
The presentation was made at the first edition of its Speed Pitch Competition at the Eko Convention Center in Lagos.
The business pitch competition is designed to enhance financial literacy and provide small businesses with opportunities to access funds for growth.
A statement by the media aide to the Director General, Peter Adeshina, said the entrepreneurs received the funding for their businesses after pitching to a live crowd and a panel of judges comprising leading figures from the private and public sectors.
The grant includes N1.5m from SMEDAN and N550,000 donations from sponsors and individuals at the event.
Adeshina said the five shortlisted businesses for the first edition of the pitch competition made presentations to a crowd of over 1,800 women entrepreneurs, showcasing the unique attributes of their businesses and growth plans while making a case for why their businesses deserved the financial grants.
At the end of the pitch, and after receiving feedback from the judges who graded the presentations based on key metrics involving storytelling and business potential, Kanyinsola Demola-Seriki of Shea Tribe was announced the winner of the competition, receiving the prize of one million naira for her business.
In second position was Ogunkoya Goodness Adeola of Eco-Haven, an eco-friendly waste management company, who won the sum of 500,000 naira.
Ahmod Mistura of Jumish ICT Services came third, winning 250,000 naira in grants. The other two participants, Eccentric Menswear and Ayosifam Integrated Service, each received the sum of 150,000 naira.
In his speech, the Director-General of SMEDAN, Charles Odii, who introduced the novel initiative at the agency, said it was an important opportunity to enhance the financial literacy of women entrepreneurs and provide lessons on how to organise and market their businesses to attract funding.
Business
Lokpobiri Condemns Abandoned Refinery Project in N’Delta … Vows Revival
Business
FG Unveils Industrialisation Strategies In 2025 … To Conduct MSMEs Census
Business
Coy Strengthens Commitment To Nigeria’s Energy Future
-
Business4 days ago
Oil Production Resumption: Ogoni Youths Seek Inclusion In FG’s Plans
-
Business2 days ago
NCDMB Assures Samsung Of Support On Oil/gas Industry Projects
-
Sports2 days ago
NSC, NFF Visit proposed Abuja hotel, training pitch
-
News4 days ago
Senate Reshuffles Committees, Appoints New Chairmen For Dev Commissions
-
Nation4 days ago
Bizman Alleges Threat To Life …Seeks Police , Govt’s Intervention
-
Nation2 days ago
Simplified Leader Lauds Knight For Building Church
-
Opinion2 days ago
It’s ECOWAS Of People, Not Coup Plotters
-
Rivers4 days ago
NOSDRA D-G Disburses N150m To 300 Farmers In Rivers