10 Young Entrepreneurs Benefit N10m Business Grant In Kwara

Ten young entrepreneurs in various vocational fields in Kwara state have benefitted from a grant of  N1million each to grow their businesses.

Speaking at the inauguration of a network of entrepreneurs in Kwara state, tagged, ‘Networking as a veritable tool in business success, in Ilorin, convener of the network and CEO of Lahmad concepts, Ahmad Lawal, said the essence of the network was to bring individual business owners together under one umbrella to promote and grow their businesses.

He said the network which has in its fold over 1,000 individual business owners was also proposing the establishment of a microfinance bank to further assist members with loan facilities to grow their businesses.

“The network is a group of individual entrepreneurs in Nigeria. Entrepreneurship is the way out of the current economic hardship in the country. My belief is that the only way we can take Nigeria out of

poverty is not through politics or governance. It is through

entrepreneurship.

“We are giving out a grant of N10 million for 10 people each. Disbursement will be done almost

immediately. Because it is a grant, we are not only going to give them

money, we are going to give them consultancy and business support.

“We are going to help the beneficiaries take their business to the next level. In the next five years, we expect the beneficiaries to be able to give N5million to five individual businessmen or women to grow their businesses”, he said.

Also speaking, the state Police Commissioner, Paul Odama, expressed optimism and confidence in Nigerian youths.

He said that an infinitesimal number of youths are into vices, adding

that there is hope for Nigeria.

“When I entered here and looked at the hall, I know that Nigeria will go places. We still have hope in Nigeria and in our youths. I am happy to see so many youths coming in to see how they

will improve their businesses. The picture out there is that youths

are only into yahoo, criminality and vices or drugs, but seeing so many youths here, I am convinced that it is just an infinitesimal number of our youths who is into vices.

“In fact, I will be wrong to say, for every 12 there is a Judas. In this case, I will say that for every five million youths there is a Judas. We have great youths in Nigeria. I want to thank the organisers for inviting the youths and connecting

with them in enterprises”, he said.

Kwara central senatorial candidate of the All Progressives Congress (APC ), Mallam Saliu Mustapha, who announced a donation of an N5million grant to support the initiative by Lahmad concepts, also promised to pursue legislation that will encourage more investment in human capital development and skill acquisition.

“Whatever we can do to make sure the youth succeed we must do it because they are the future of tomorrow.

“One of the things I will make sure I push is to make sure we invest more in human capital development and skill acquisition”, he said.

 

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