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Bank holds corpreneurship challenge

By Bankole Orimisan
15 December 2020   |   3:33 am
As part of efforts to contribute to the growth of entrepreneurship and boost job creation in Nigeria, Unity Bank Plc has announced the third edition of its Entrepreneurship Development Initiative, also known as Corpreneurship Challenge...

As part of efforts to contribute to the growth of entrepreneurship and boost job creation in Nigeria, Unity Bank Plc has announced the third edition of its Entrepreneurship Development Initiative, also known as Corpreneurship Challenge for the National Youth Service Corps (NYSC), 2020 Batch B, stream 1B.

According to Divisional Head, Retail,SME and E-Business, Mr Olufunwa Akinmade, Unity Bank Corpreneurship Challenge features a mentorship programme in which participating corps members engage in developing business plans to make a pitch that could earn them matching grants.

It is thus a challenge that presents an invaluable opportunity for corps members with outstanding business ideas to receive a 12-million-naira grant to pursue their ideas.

In a statement, the lender stated that the pilot scheme is currently being held in three states – Lagos, Edo and Ogun – and the FCT, while efforts are on top gear to expand the initiative to 10 more locations in the second phase.

To ensure the success of the scheme, Unity Bank, in collaboration with Skill Acquisition Entrepreneur Development (SAED) of the NYSC has embarked on sensitisation of the corps members deployed to the selected states to facilitate participation in the challenge.

Divisional Head, Retail, SME & E-Business, Mr. Olufunwa Akinmade said:

“The Corpreneurship challenge was launched in 2019 as a value addition to the youth market. Over the period, twenty-four serving corps members have benefited from the programme and have been empowered through funding ranging between 200,000 and 500,000 Naira in grant to start and grow their businesses.”