Unity Bank To Give Out N10 Million Business Grant In Entrepreneur Initiative

Unity Bank has announced the commencement of the eighth edition of its flagship Entrepreneurial Development Initiative, Corpreneurship Challenge across 10 locations in Nigeria, with a new entrance in Delta and Rivers States, and benefits of N10 million business grant.

According to a statement, the Corpreneurship Challenge scheme started in 2019, with a launch in Lagos and in three other states, which included Edo, Ogun, and Abuja.

As the traction of the initiative is increasing among corps entrepreneurs, the bank said it has now expanded the programme to 10 states across the federation.

It stated: “The first expanded edition covered Lagos, Ogun, Abuja, Edo, Katsina, Enugu, Bayelsa, Akwa Ibom, Sokoto, Kano and Kaduna.

"This edition will hold for the first time in Rivers and Delta as well as making a return to Sokoto, Edo, Abuja, Akwa-Ibom, Osun, Kano, Bayelsa and Enugu.

"The Corpreneurship Challenge, which has earned the bank a national recognition for its impact on youth empowerment and job creation, has continued to elicit growing interest among the corps members, attracting over 2,000 applicants and participation in every edition.”

The statement further reveals that the bank is partnering with the NYSC Skill Acquisition and Entrepreneurship Development as the initiative prominently features a business pitch presentation that provides the participants with the opportunity to showcase their business plans and stand a chance to win up to N500,000 cash in the business grant.

It added that in previous editions, participants pitched business plans from several sectors, which were identified to include software solutions, fashion, fish production, poultry farming, bee farming, retail chains, and piggery to beverages which were assessed based on originality, marketability, and future employability potential of the product.