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Parkhust boosts enterprise with N10 millions grants for entrepreneurs


Young entrepreneurs

To alleviate poverty and promote entrepreneurship in the country, Parkhust Empowerment and Entrepreneurship Initiative (P.E.E.I.), a non-governmental organisation, has disbursed N10 million grants to empower eight entrepreneurs.

The cash grant was the first assistance provided by the organisation to support Small and Medium Enterprises (SMEs) and struggling businesses to thrive in the country.

Speaking at the award ceremony held at the Peninsula Hotel, Managing Director, P.E.E.I., Olalekan Alabi who decried the challenges entrepreneurs faced in securing loans, said the organisation decided to provide fund for enterprise to help rejig the economy.


Noting that entrepreneurship is the secret weapon of most developed nations, he said Nigerians with bright ideas should be encouraged and supported.

“If we have 80% of Nigerians as entrepreneurs creating jobs, politicians would not be able to exploit or entice youth with money, they would provide qualitative leadership,” he said.

He also assured that with the birth of P.E.E.I., entrepreneurs trained under the programme would have access to funds for their businesses either as grant or loan.

Alabi advised the recipients to be wise in their spending and cultivate a habit of putting the profits of their venture to the business by employing people and lifting the society from poverty.

After successful screening of business plans and ideas, eight people were chosen and the sum of N10 million disbursed among them.

The beneficiaries include Diamond Anjorin who received N1.5million, Francis Ogunboye, N1.5million; OluBunmi Costa got N1.5milion, Funmilayo Osho N1.2mllion, Yemisi Emmanuel N1.2million, Olasunbo Bolarinwa N1.1million, Prince Daniel N1million and Ifeanyi Dikeh who also received N1million.

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