Group gives N6 million grants to 50 Lagos young entrepreneurs

Focus Initiative Concern (FIC), a group passionate about human development, has disbursed N6 million grants to 50 young entrepreneurs in Lagos, as a way to motivate and boost their businesses.

The 50 beneficiaries of the gesture by the non-governmental organisation were selected from different sectors ranging from sports, music, and fashion among others.

Aside from assisting the youths with funds, FIC also ensure that they get the needed platforms to ensure they get mentored and bring their vision into reality.

Speaking on the group’s decision to empower the young entrepreneurs, Convener of the initiative, Olufunmilola Olotu, said that the program was necessitated by the need to support small businesses across the state and make them remain in business continuously.

Olotu, who is also the Special Adviser to the Lagos State Governor, Babajide Sanwo-Olu on Lotteries, stressed that FIC’s conviction was that the funds would serve as a means of motivation for the beneficiaries.

The Convener, who addressed the beneficiaries and others at a youth summit in Lagos on Friday where the funds were handed over to them, noted that entrepreneurs offer unique solutions to problems in society.

According to her, when the youth channel their efforts into businesses, they foster growth and development in the community.

She said the aim of the summit was to create a platform for adequate training, mentorship, support, and empowerment for the youth that venture into small businesses.

“This summit would also serve as an encouragement to other youths in the state that have different skills and dreams to start up something that would impact the economy positively. I am challenging you all to use this summit as a step in the right direction to build ourselves and our businesses.

“I want to believe that the 50 beneficiaries would use the grants effectively in their businesses and to add their quota to the state economy as well,” She said.