Bank Empowers Young Entrepreneurs with Record-breakimg Business Grants

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Unity Bank Plc has awarded N16 million in business grants to 30 young entrepreneurs through its flagship entrepreneurship development initiative, the Corpreneurship Challenge. The winners, who are budding entrepreneurs with innovative solutions in various business value chains, emerged tops after participating in a business pitch competition held across 10 NYSC Orientation Camps in different states.

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The overall winner, Adeniyi Stephen Gbemininyi, a fashion design business owner, received an N800,000 grand prize, while other winners received grants ranging from N300,000 to N500,000 to support their businesses. The Corpreneurship Challenge has become an integral part of the NYSC programme, aligning with the Federal Government’s commitment to upskilling fresh graduates amid the growing dearth of white-collar jobs.

Unity Bank’s Divisional Head, Retail & SME, Mrs. Adenike Abimbola, said: “At Unity Bank, we believe that empowering young people to shape Nigeria’s economic future must be supported. Through the Corpreneurship Challenge, we are not just providing funding, but nurturing a new generation of entrepreneurs equipped with the skills, resources, and confidence to create jobs and transform communities.”

She added: “The overwhelming interest and high quality of business ideas we receive in every edition demonstrate the incredible potential among Nigeria’s youth. We are proud to partner with the NYSC SAED to make these dreams a reality.”

The Corpreneurship Challenge has earned Unity Bank national recognition for its contribution to youth empowerment and job creation, attracting over 2,000 applicants per edition. Since its launch in 2019, the bank has invested over N100 million in the initiative, producing over 160 winners