STL Trustees Awards N3 Million in Grants to Female Entrepreneurs

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STL Trustees, a leading trust company, has awarded N3 million in grants to 30 women-led businesses through its newly launched STL FundHer initiative. The grant is part of the company’s commitment to empowering female entrepreneurs in Nigeria.

The STL FundHer initiative was launched in celebration of International Women’s Day, with each selected business owner receiving N100,000 to support and expand their enterprises.

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At the award ceremony, Adesola Aje, Head of Trust Services at STL Trustees, emphasised the significance of the initiative. “We are awarding a total of N3 million to 30 women as part of our commitment to supporting female entrepreneurs. Each selected business owner will receive N100,000, which we believe will make a meaningful impact on their business.”

Aje explained that the selection process was rigorous due to the overwhelming number of applications received. “Our selection criteria focused on the impact and potential of each applicant’s business. We assessed their achievements, the strategies they employed to reach their current level, and their vision for the future.”

Funmi Ekundayo, managing director and CEO of STL Trustees, applauded the beneficiaries for their dedication and perseverance despite economic challenges. “Today is about celebrating you—strong, hard-working, and determined women who are building businesses and creating opportunities for yourselves and others.”

Ekundayo encouraged the entrepreneurs to maximise the opportunity by networking and learning from one another. “You are here today because of your passion and commitment to your craft… We are proud of you and want to see you grow even bigger.”

Rebecca Aremu, founder of Becblaq Atelier and one of the beneficiaries, expressed gratitude for the initiative. “I am grateful for this opportunity. This grant will help me grow my business, and the insights I gained from the event will enable me to not only expand my business but also make informed investments.”

The STL FundHer initiative aligns with STL Trustees’ broader corporate social responsibility strategy, focusing on financial empowerment and business sustainability for women. The initiative is expected to become a recurring program, further expanding its reach and impact on female entrepreneurs in Nigeria

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