Mister Ahmed Lawala kwara Resident Businessman, has empowered 10 N1M entrepreneurs to grow their businesses.
He announced this at the opening of the Entrepreneurs Network on Wednesday IlorinLawal said the program was designed to bring entrepreneurs together to support each other’s businesses.
He said his intention was to split N5 million among five entrepreneurs, but it rose to 10 with the donation of N5 million from another business tycoon, Malam Saliu Mustapha, to the scheme.
Lawal added that not only would the entrepreneurs receive money, but they would also be taught how best to use the money to improve their businesses.
“Not only do we give them the money, we also offer them free advice to help them take their business to the next level.
“In the next five years, we want them to be able to give N5 million to individuals too, to help them grow.
“That’s because we realized that this is the only way we can go Nigeria Getting out of poverty isn’t through governance, it’s through entrepreneurship,” Lawal said.
He added that the network would later have a microfinance bank where members could access loans other than this grant.
The business tycoon added that the network is an ongoing program being run across the 36 states.
Guest speaker, Rep. Akin Alabi, Founder, Naira Bet, said the entrepreneurial world worldwide faces a challenge to have adequate knowledge about consulting, company selection and site selection.
He said it’s important for entrepreneurs to be able to distinguish between seizing opportunities and having a thorough engagement in the business.
The legislature representing the federal constituency of Ara Oyo However, the state noted that the 9th Assembly has always supported bills aimed at improving small business owners.
“Our job as legislators is we look at executive branch appropriations and if you look at the budget there are a lot of appropriations allocated to small business owners under different departments and agencies every year.
“Our job is to look at it and see how it makes sense to approve or deny those.
“But in the last four years we have never turned down an entrepreneurial initiative,” said Alabi.
For their part, the Chief Executive Officers, Mount Olive Business Enterprise, Mrs Elizabeth Ajibolaadvised the entrepreneurs not to be put off by the challenges in their company, but to stay focused.
In his speech, Lubcon Group Chief Executive Officer Chief Jani Ibrahim, represented by Mrs Folashade Adefiloyealso urged entrepreneurs to seize the opportunity to network with the right people as they open doors.
Malam Saliu Mustapha, the Turaki of Ilorin, said entrepreneurship is the growth of every economy and anyone who has the foresight to create an enabling environment for the economy to grow should be commended.
Mustapha also stressed the need to invest in skills acquisition and feedback mechanisms for the beneficiaries and pledged to continue supporting the younger ones.
Ilorin’s Turaki then backed the network’s convener with N5 million in support of the program.
Kwara Governor AbdulRahman AbdulRazaq expressed his government’s commitment to creating an enabling environment for business to thrive.
AbdulRazaq, represented by the Commissioner for Economy and Innovation, Mr Ibrahim Akajacalled on entrepreneurs with good ideas to submit their proposals to the office of the state social investment program.