Ikeanumba Africa sets up support for MSMEs, earmarks N10million for 10 people

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Group Head/Chairman, Ayobanna Ikeanumba

Ikeanumba Africa, an entrepreneurship driven magazine has launched a business support facility for operators of micro, small, and medium scale enterprises (MSME) in the country by setting aside N10 million annually to fund clusters.

The vision according to the group is to impact lives and develop solutions as a result of the challenges of small businesses accessing finance.

Speaking at a press briefing in Lagos on Sunday, the Group Head and Chairman, Ayobanna Ikeanumba noted the importance of small and medium business enterprises to the economy.

He said this was confirmed by several surveys and research conducted by the group before the launch of the SME support project.

He also said the new product comes with a contest for 10 beneficiaries, adding that the importance of a 1 million naira scheme for 10 business owners is to make an impact, ensuring that they remain in business for a long period of time without being liquidated or run out of operation.

Ikeanumba in his words said: “The support project tagged, The Partner Project 2021, is basically for the startups.

“We have a team that is handling that.

“We will evaluate your business before giving you such support and the entrepreneur could be Mama Put out there, our focus is on the growth of the business.

“Our group has set aside 10 million naira yearly to meet the urgent needs of existing and potential businesswomen and men in the SMEs space.

“This is not a loan so speak, it’s just a mere support which comes with a contest for 10 entrepreneurs,” he said.

Speaking on the by the monthly magazine, Mr. Ikeanumba posited that the essence of the magazine, saying  is to create an interactive space for the people who have succeeded in what they are doing.

“We are not mindful of what the environment is, but what basically we are concern about is announcing successful business men and women in their chosen fields”, he enthused.

Also speaking at the forum, the Editor in Charge of the magazine, Akudo Abengowe stressed the need for the scheme, noting that, for contestants to be eligible for the contest, they would subscribe to Ikeanumba magazine for 1 year at a subsidized cost of 30,000 before they add the business plan.

Also, contestants must have a minimum of three employees, adding that by meeting up with the criteria, then a contestant  could be one of the successful entrepreneurs at the end of 2021.

 

 

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