30 NYSC members get N10m business grants in Unity Bank’s Corpreneurship Challenge

Unity Bank Plc has distributed 10 million naira as commercial grants to 30 NYSC members in its 7th edition youth entrepreneurship and empowerment program Corpreneurship Challenge.

The competition produced 30 winners in the final commercial competition which were members of the 2021 Batch C Stream I Corps.

The competitions were held in Lagos, Bayelsa, Ogun, Benin, Enugu, Sokoto, Argentina Held at NYSC camps in Kwaibom, Ozon, Kano and Abuja.

100 applicants were shortlisted and 30 of them received various cash prizes.

N200,000 cash grant was given to each runner-up, N300,000 grants to the first place, and N500,000 to each runner-up.

The business plans of the contestants ranging from fish production, poultry farming, fashion, soap and cake making, printing, pig raising to beverages, are evaluated based on originality, marketability, future employability, product potential and business knowledge.

A graduate of the University of Lagos (UNILAG) whose fingerling farming business plan won him a star award said:

“Due to the 2.5 million metric tons of fish supply shortage in Nigeria, I proposed fingerling farming.

“I am very grateful to Unity Bank for giving me this opportunity, which will greatly help improve the country’s economy.

“This is a family business, and this grant will really help us expand our business and work hard to make up for the deficit.”

In Lagos, Olufunwa Akinmade, Group Head of Unity Bank Retail, E-commerce and SME Banking, said as a Nigerian-oriented company. High-quality business competition for emerging entrepreneurs, the competition is maturing day by day.

“We are satisfied with the progress we have made in the entrepreneurial challenge. In each version, we are very happy to see people’s interest continue to increase, and we are impressed by the quality of the business ideas that continue to emerge from team members.

“As we have said. As I insist, grants are not loans, and we hope that this money will be used for profitable businesses.

“The winner must take the time to learn the basic lessons needed to build a successful business. “We emphasize that the up-and-coming entrepreneurs participating in this program are constantly thinking about the challenges they will face, and after they face their departure in the next year, they will put the energy they showed in preparing for this game into their companies. China.” he noted.