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| L-R: Ayokunnumi Abraham, Head, SME Segments, Union Bank of Nigeria, Ruth Ogbodu, 3rd place winner, Yemisi Otokiti, 1st place winner, Olanrewaju Amodu, 2nd place winner, Chinenye Ekwulugo, alpher Experience Manager, Union Bank of Nigeria, Ebunoluwa Amusan, Brand Sponsorship and Partnership, Union Bank of Nigeria and Olusegun Odufuwa, Convener, Youth Leadership Conference, during the RISE Business Challenge sponsored by Union Bank of Nigeria held recently at the University of Lagos, Akoka. |
Union
Bank of Nigeria, under its Made In Naija initiative, emphasised its commitment
to supporting homegrown businesses by recently sponsoring the RISE Business
Challenge at the University of Lagos, Akoka, during the 6th Annual Youth
Leadership Conference.
Dubbed Turning Point 6.0, the Resilience, Innovation, Social Responsibility,
and Entrepreneurship (RISE) Challenge is a collaboration between Union Bank and
the conference convener, Mr Olusegun Odufuwa, to empower youth-led businesses
with financial and mentorship support through a pitch competition.
Targeted at uplifting young men and women with requisite entrepreneurial
skills, the event aligns with one of the Bank’s primary objectives of
encouraging Made In Naija and the next generation of Nigerian innovators and
business leaders, culminating in positive social impact and sustainable
economic growth.
The competition also aims to identify and reward
outstanding business ideas demonstrating viability, sustainability, and social
impact.
This year’s RISE Challenge winners were chosen after a rigorous selection
process involving participants sending their proposals for a team of judges and
business experts to assess. The final four selected competitors then pitched
their ideas individually to a panel of judges, who chose the winners based on
innovation, social impact, sustainability, and financial viability.
The first, second and third places received cash prizes of N1,000,000,
N750,000, and N250,000, respectively.
During the event, Ayokunumi Abraham, Head SME of Union Bank of Nigeria, said,
“Union Bank is passionate about supporting Made In Naija and youth-led
businesses to scale for sustainable growth. We believe this will not only boost
and nurture upcoming enterprises but also create a positive ripple effect that
will drive employment, innovation, economic opportunity, and access that will
empower small and medium businesses across the length and breadth of the
country.”
The RISE conference is a premier annual gathering designed to equip young
leaders and entrepreneurs with the resilience, innovation, and social
responsibility required to thrive in today’s fast-paced world. This year’s
edition attracted diverse attendees, including young professionals,
entrepreneurs, business executives, policymakers, and thought leaders.
Union Bank will continue to promote Made In Naija and young innovators to drive
economic growth and strengthen its position as a leading bank for entrepreneurs.
About Union Bank Plc:
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union
Bank of Nigeria Plc. is a household name and one of Nigeria's long-standing and
most respected financial institutions. The Bank is a trusted and recognizable
brand with an extensive network of over 300 branches across Nigeria. The Bank
currently offers a variety of banking services to both individual and corporate
clients, including current, savings, and deposit account services, funds
transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing,
and trade finance. The Bank also offers customers convenient electronic banking
channels and products, including Online Banking, Mobile Banking, Debit Cards,
ATMs, and POS Systems.
More information can be
found at: [www.unionbankng.com](http://www.unionbankng.com)
Media Enquiries:
Favour Ayeni
+234 0201 2716800
Email: [[email protected]](mailto:[email protected])
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