ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, July 28, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Brands & Marketing

Unity Bank Raises Corpreneurship Prize Money To N16M Per Stream As 30 New Winners Emerge

At the recently concluded edition of the Corpreneurship Challenge for 2024 NYSC Batch A, Stream 1 NYSC service, 30 winners emerged including upcoming entrepreneurs developing innovative solutions

by NewsOnline Nigeria
March 11, 2024
in Brands & Marketing
0
Unity Bank

In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria, retail lender, Unity Bank Plc has increased the prize money for winners of its flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge to 16 million Naira per stream.

 

Consequently, participants who emerge winners in the business pitch will henceforth win N800,000, N500,000, and N300,000 Business grants for the 1st, 2nd, and 3rd positions respectively as against the previous editions in which the sum of N500,000; N300,000 and N200,000 were handed out to respective winners in the Corpreneurship Challenge.

Corpreneurship

Launched in 2019 with pilots in 4 states – Lagos, Edo, Ogun, and Abuja and scaled to 10 States in 2020, the Corpreneurship Challenge initiative is promoted in partnership with the NYSC Skills Acquisition and Entrepreneurship Development, SAED. The initiative features a business pitch presentation where participants have the opportunity to present their business plans and stand a chance to win business grants.

 

ALSO: UBA, African Guarantee Fund, Create Synergy to Support African SMEs

 

At the recently concluded edition of the Corpreneurship Challenge for 2024 NYSC Batch A, Stream 1 NYSC service, 30 winners emerged including upcoming entrepreneurs developing innovative solutions in several business value chains such as Poultry farming, Fashion, and Pastries, among others, after participating in the business pitch that took place across the 10 NYSC Orientation Camps in Rivers, Delta, Anambra, Abia, Oyo, Ogun, Kebbi, Niger Sokoto and Zamfara States.

 

At the Delta State NYSC Orientation Camp in Issele-Uku, Folorunsho Kolade who pitched a Poultry farming business plan emerged as the overall winner to claim the N800,000 grand prize; Samuel Ayodotun. J. whose innovative footwear venture idea, Basky Footprint took the second spot to win the N500,000 cash prize; while another corps member, Udoji Chibuike Peter, whose venture plan on the footwear fashion value chain also emerged as the second runner-up to claim the N300,000 grant.

Corpreneurship

 

Also, at the NYSC Orientation Camp at Nonwa Gbam Tai, Rivers State, Dan Betobong Samuel’s business plan on food production claimed the top spot to clinch the N800,000 grand prize; while Linda Christopher’s Lily Pastries’ business plan emerged as the first runner-up to claim the N500,000 grant. Esther Jacob’s business pitch on the poultry value chain emerged as the second runner-up to win the N300,000 cash grant.

 

Speaking at the NYSC Orientation Camp in Rivers State, the Divisional Head, Retail and SME Banking, Mrs. Adenike Ambimbola commended the participating Corps Members for the quality of their business plans and pledged the Bank’s commitment to sustaining the Entrepreneurship Development Scheme.

 

While congratulating the winners, Mrs. Ambimbola said, “Unity Bank is proud to associate with the Skill Acquisition and Entrepreneurship Development (SAED) scheme of NYSC in providing interventions and support to budding entrepreneurs with promising ventures through the business grants to help turn these ideas into reality. We recognize the importance of investing in our youths and empowering them to drive positive change within our economy.”

 

Also speaking at the grand finale held in Delta State NYSC Orientation Camp, Dr. Opeyemi Ojesina, Head of SME Banking, Unity Bank expressed delight at the Unity Bank Corpreneurship Challenge’s growing profile as a leading business incubation platform and catalyst for entrepreneurship development in Nigeria.

 

He said, “Over the past five years, Unity Bank has steadfastly supported the Corpreneurship Challenge, witnessing its profound impact on youth empowerment and job creation nationwide. The programme has earned a reputation for its innovative approach, seamlessly integrating financial backing, mentorship, and skill development to nurture aspiring entrepreneurs.”

 

Ojesina further underscored the invaluable mentorship offered to participants, connecting them with seasoned professionals who provide crucial insights, guidance, and a roadmap for success. He emphasized Unity Bank’s belief that true empowerment extends beyond financial aid to the cultivation of entrepreneurial acumen.

 

So far, Unity Bank has invested over N120 million in the initiative, which has now produced 369 winners since it was launched in 2019.

 

In 2021, the leadership of the NYSC bestowed on Unity Bank the “Icon of Youth Empowerment” award in recognition of the impact of the initiative.

 

The Corpreneurship Challenge continues to elicit growing interest among the corps members, attracting over 4,000 applicants and participation in every edition.

ADVERTISEMENT
Previous Post

UBA, African Guarantee Fund, Create Synergy to Support African SMEs

Next Post

Black Market Dollar To Naira Exchange Rate Today 12th March 2024

Next Post
Naira

Black Market Dollar To Naira Exchange Rate Today 12th March 2024

Trending Stories

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

NECO 2025 BECE Results

NECO 2025 BECE Results Released, Check Your 2025 BECE Results Here

WASSCE Results

BREAKING: WAEC Releases 2025 May/June Exam Results (Check Ur WAEC Results Here)

Watch Viral Sex Video of Anambra Married Woman

Watch Viral Sex Video Of Anambra Married Woman With Husband’s Best Friend

ADC

BREAKING: ADC Speaks On Choosing Presidential Candidate Among Atiku, Obi, Amaechi

Tinubu, Olamide, 9ice, Bukayo Saka

Lagos Renames Streets After Tinubu, Olamide, 9ice, Bukayo Saka [Full List]

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Naira

Dollar To Naira Black Market Exchange Rate Today, 27 July 2025

Akpabio and Bamidele

BREAKING: Senate Breaks Silence On Alleged Feud Between Akpabio and Bamidele

Unity Bank

Unity Bank Raises Corpreneurship Prize Money To N16M Per Stream As 30 New Winners Emerge

Latest Stories

Lagos

BREAKING: Lagos Faces 25-Day Blackout, Businesses to Lose Billions Amid National Grid Maintenance

Aisha Buhari

Aisha Buhari, Children Move Into Kaduna House of Late Ex-President

N200trn Debt Crisis

BREAKING: ADC Slams Tinubu Over $21bn Loan, Warns Nigeria Heading for N200trn Debt Crisis

N10m Support Scheme for Tertiary Institution Staff

FG Unveils N10m Support Scheme for Tertiary Institution Staff

Dangote

BREAKING: Dangote Urges Tinubu To Ban Fuel Imports, Marketers, Experts Kick

Week 5 Pool Fixtures 2025

Week 5 Pool Fixtures 2025 For Saturday 2nd August – Pool Agent

Naira

Dollar To Naira Black Market Exchange Rate Today, 28 July 2025

UN Food Summit In Ethiopia

Shettima Departs Abuja For UN Food Summit In Ethiopia

Akpabio and Bamidele

BREAKING: Senate Breaks Silence On Alleged Feud Between Akpabio and Bamidele

ActionAid

ActionAid Blasts Tinubu Govt Over Insecurity, Hunger, Debt Despite Economic Reforms

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria