YESGrant: Heritage Bank Empowers 35 Entrepreneurs with N50m

[vc_row][vc_column][vc_column_text]As part of its culture of providing timely and affordable credit to assist youth in implementing their business ideas, Heritage Bank Plc. under the Young Entrepreneurs & Students Grant Scheme (YESGrant) has provided N50million in Grants to 35 entrepreneurs. In partnership with the Nigerian Young Professionals Forum (NYPF), the Grant was awarded to about 35 young entrepreneurs from agricultural business, creative industry and the information & communication technology (ICT) sector after a rigorous and transparent review process conducted by an independent body, out of the tens of thousands who applied for the grant.

Group photograph of 2016 YESGrant Awardees at the Ceremony in Lagos.
Group photograph of 2016 YESGrant Awardees at the Ceremony in Lagos.

 

Speaking at the YESGrant award ceremony held at Four Points Hotel by Sheraton in Lagos, the MD/CEO of Heritage Bank, Mr. Ifie Sekibo, who hinted that the nation’s economy has experienced severe down spiral, affirmed that the 35 successful entrepreneurs will be provided with the required guidance on fund management as individual beneficiaries would get at most N2million each. Sekibo, who was represented by the Divisional Head, Retail/SME, Mrs. Ori Ogba, stated that the bank supported this initiative because of its belief in Nigerian youth, who make up about 80 percent of the country’s population. She further explained that Heritage Bank was impressed with the nature in which talents were sought out, the rigorous selection process and the integrity with which the overall scheme was delivered. Ogba expressed her satisfaction in the long term sustainability of the initiative, stating, We will not support something that will not stand the test of time.

Divisional Head, Retail/SME of Heritage Bank Plc, Mrs. Ori Ogba, receiving an Award of Recognition on behalf of the MD/CEO of the bank, Mr. Ifie Sekibo, as Nigeria’s No. 1 Youth SME Friendly Bank in Nigeria from the Chairman of Nigerian Young Professional Forum (NYPF), Mr. Moses Siloko Siasia at the YESGrant Award Ceremony.
Divisional Head, Retail/SME of Heritage Bank Plc, Mrs. Ori Ogba, receiving an Award of Recognition on behalf of the MD/CEO of the bank, Mr. Ifie Sekibo, as Nigeria’s No. 1 Youth SME Friendly Bank in Nigeria from the Chairman of Nigerian Young Professional Forum (NYPF), Mr. Moses Siloko Siasia at the YESGrant Award Ceremony.

 

In his remarks, Mr. Moses Siasia, the Chairman/Founder of the NYPF said the idea of the Grant was born out of the desperation of young Nigerians to build businesses in an economy fraught with a seemingly endless onslaught of challenges. He explained that the society does not encourage young talents and innovations, while stating that the country is yet to tap up to 5 percent of its youthful resource. He called on all stakeholders to see youth growth as a priority for National development. Siasia commended Heritage Bank for its unflinching support for SME growth in Nigeria. According to him, Heritage Bank remains the only bank that had entered into partnership with NYPF on this scheme, after being turned down by other potential sponsors and appealed to all young people in the country to see the bank as their wealth partner.

 

YESGrant Brand Ambassador, Stephanie Okereke-Linus Speaking at the award ceremony.
YESGrant Brand Ambassador, Stephanie Okereke-Linus Speaking at the award ceremony.

NYPF’s YESGrant Brand Ambassador Mrs. Stephanie Okereke-Linus congratulated the winners of the Grants and praised Heritage Bank for its commitment to young people. She advised other banks to emulate Heritage Bank, while seeking beneficiaries to put the money received to good use. 30-year-old Paul Okoroafor owner of Santa Paulo Delakusa – one of the beneficiaries that received the sum of N2 million – said the fund will be used for full oil palm production. He expressed gratitude to the NYPF and Heritage Bank for giving hope to them.

Moses Siloko Siasia, Chairman of NYPF Presenting Dummy Cheque to Santa Paulo Delakusa; one of the award recipients.
Moses Siloko Siasia, Chairman of NYPF Presenting Dummy Cheque to Santa Paulo Delakusa; one of the award recipients.

Moses Siloko Siasia Chairman of NYPF Presenting Dummy Cheque to Kimi To-Rewa; one of the Female Award recipients.
Moses Siloko Siasia Chairman of NYPF Presenting Dummy Cheque to Kimi To-Rewa; one of the Female Award recipients.

Moses Siloko Siasia Chairman of NYPF Presenting Dummy Cheque being received by one of the Male Award recipients; Fishconcept Limited.
Moses Siloko Siasia Chairman of NYPF Presenting Dummy Cheque being received by one of the Male Award recipients; Fishconcept Limited.

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Heritage Bank will increase wallet of business transactions with Lagos State Govt - George-Taylor
L-R: GoodLuck Linda, WOSSA Chief Welfare officer; Helen Unabor, WOSSA Chief Protocol officer; Olawale Osundele, Regional Head, Lagos Island 1, Lagos Island 1 Zone, Heritage Bank; Amb. Tayo Thomas, President of WOSSA; Dame Jennifer Omotayo-Thomas, Vice president, WOSSA and John Adah, Team Member, Corporate Communications, Heritage Bank, during the award ceremony held in Lagos to mark this year’s International Widows Day themed: Gender Equality Today for a Sustainable Tomorrow”

PRESS RELEASE

Heritage Bank supports over 500 widows, receives UN Award for Humanitarian Service 

Heritage Bank received the 2022 United Nations Award for Humanitarian Service from the Widows & Orphans Support Society of Nigeria (WOSSA), as no fewer than 500 widows and orphans in Lagos State benefitted from the Bank’s support. 

This was made known during the award ceremony held in Lagos to mark this year’s International Widows Day themed: Gender Equality Today for a Sustainable Tomorrow”.

The event was an opportunity to recognize Heritage Bank’s Corporate Social Responsibility (CSR) roles to widows, their children and other less privileged within the society.

Speaking during the awards presentation, Founder, Widows & Orphans Support Society of Nigeria (WOSSA), Ambassador Tayo Thomas, said Heritage Bank is one of the group’s key partners and has for years shown massive support to the widows. 

He said: ” Basically, we are giving this award to people and organizations that have been supporting the less privileged widows. These are our partners, they have been doing great service to humanity, especially service the less privileged widows in meeting their financial needs and those of their children”. 

Continuing, he said: “The United Nations Humanitarian Award is to appreciate and acknowledge them for their support to the less privileged widows. The United Nations Humanitarian Award is an award we give every 24th of June to those who have really supported the widows. Those who have joined us to fight against injustice against the widows. That is the reason for today”. 

Speaking at the event, Heritage Bank Regional Head, Lagos Island 1, Olawale Osundele, said the bank has for years, remained committed to improving people’s lives. 

He said: “It has always been one of our front liners to always improve the quality of people’s lives right from childhood. And today that they are marking the International Widow’s Day, we are also part of the support team to WOSSA in various aspects.”

“We have been supporting them in terms of providing quality education for children of widows to ensure that life after the death of their husband is still good to them and their children. We also support the children and orphans and the less privileged in the society,” he added.

According to Osundele, the bank’s support to the widows has always been a source of joy to them.  “It means that life still means a lot to them. You can see the joy in their faces. Despite what they are going through, they are still very happy and relevant in society,” he said. 

One of the widows at the event, Mrs. Felicia Ugwunwanne thanked Heritage Bank and WOSSA for their continuous support to the widows and less privileged. 

She said that WOSSA is through the support of partners such as Heritage Bank, making life better for the widows and their children. 

“The WOSSA has for years, been assisting so many of us, including our children and orphanages. WOSSA gives us cash, help some widows to pay their house rent, school fees for widows’ children, among other things,” she said.

Ugwunwanne said the widows under WOSSA are being trained for skills acquisition to improve the quality of their lives.

“I am aware that the WOSSA is working on securing loans from Microfinance Bank, and we have completed forms to achieve the purpose. Our members are prepared to access the loans. Some of the widows have gone to learn some skills that will enable them to invest and succeed in whatever craft or business they are doing so that they will not continue to depend on people,” she said. //END.//

Ozena Utulu, Ag. Group Head, Corporate Communications