In its efforts to bring the Nigerian economy out of recession, Heritage Bank has on Sunday, 8th January, 2017, released a grant of N50 million to support young entrepreneurs under the Young Entrepreneurs and Students Grant Scheme. According to a statement by the bank, “the grant was awarded to about 35 young entrepreneurs from the agricultural, creative industry, information technology and communication sectors”. This ensued after a rigorous transparent evaluation and selection process conducted by an independent body.
Representing the Managing Director, Mr. Ifie Sekibo, the Divisional Head, Retail and SME of Heritage Bank, Ori Ogba, clearly pointed out that the bank gave its full support to this initiative considering the talents of Nigerian youths, who make up about 80 percent of the country’s population, adding that they are the leaders of tomorrow. Thus, the 35 successful entrepreneurs were to be provided with the required guidance on financial management as they would get at most N2 million each. Speaking about the sustainability of this initiative, Ogba said: “We will not support something that will not stand the test of time.”
The Chairman and Founder of NYPF, Mr. Moses Siasia commended Heritage Bank for its consistent support to the growth of Small and Medium Enterprises (SMEs) in Nigeria. He also called upon all stakeholders to see youth growth as a necessity for National Development.
In like manner, NYPF’s YESGrant Brand Ambassador and screen diva, Stephanie Okereke-Linus, congratulated the emerged winners, praised Heritage Bank’s efforts and assistance towards youths and implored recipients of the grant to put it to good use. She additionally, encouraged other banks and financial institutions to imitate the footprints of Heritage Bank.
Speaking on behalf of other beneficiaries, 30-year old Mr. Paul Okoroafor, owner of Santa Paulo Delakusa was grateful to both NYPF and Heritage Bank for restored hope. Mr. Paul mentioned that his N2 million grant would be used for oil palm production.
- I love this initiative. It’s quite commendable. What do you think of it?