Ibom-LED Empowers 800 Entrepreneurs With N500,000 Start-up Funds

Ibom-LED Empowers 800 Entrepreneurs With N500,000 Start-up Funds
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Ibom-LED Empowers 800 Entrepreneurs With N500,000 Start-up Funds

Akwa Ibom State Governor, Pastor Umo Eno has stayed true to his promise of empowering entrepreneurs in the state.

Ibom-LED Empowers 800 Entrepreneurs With N500,000 Start-up Funds

The governor, known for his strong support for local businesses, handed out N500,000 grants to each of the 800 trainees from the Ibom-LED program.

During the cheque presentation, Governor Umo Eno congratulated the beneficiaries for completing the training program, calling them ambassadors of the Entrepreneurship Accelerator Programme (EAP).

He emphasized the importance of the training they received, stating, “I like to say clearly here that whether this programme will continue or not depends on you because you are the ambassadors of this programme.

“You are not all totally new in businesses or entrepreneurship. I am not concerned about the little seed that will be put in your hands, but the training you’ve received”, the governor says.

In addition to distributing the grants, the governor shared some valuable business advice with the beneficiaries, urging them to focus on entrepreneurship over politics.

Governor Eno shared his own success story, highlighting the importance of perseverance and sacrifice in achieving goals.

He said, “Every­thing you need to succeed is in your hands. For now, don’t be politicians, just be entrepreneurs. This is an oppor­tunity for you to have a primary ad­dress. If you have a primary address, politics is secondary.

“People will respect you for what you can do. This little money is a seed and if you plant it well, it will bring a mighty harvest. I remember that, in this state, I opened my hotel with just five rooms, and a few years later, we had grown exponentially.

“The first thing is that you must make up your mind to succeed and in that determination, there will be a place of sacrifice and self-denial.

“People will tell you all manner of things, don’t mind them. Your time will soon arrive. Above all, this com­munity has been created; stay around the community and don’t try to im­press people. As a government, we’ll continue to support you. This is just the beginning.

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To fulfill his commitment to youth empowerment, Governor Eno appointed Mr. Imo-abasi Jacob as the Team Lead of Ibom-LED, along with other seasoned professionals, to oversee the program’s implementation.

At the grant disbursement event, Imo-abasi Jacob expressed gratitude to the governor for his vision and support for the business community.

He assured that with the quality training provided, the grants would lead to tangible outcomes for the beneficiaries and the state’s economy.

The governor also appointed Mrs. Ekaette Umoh as Pioneer General Manager, While Mr. Ime Uwah, SSA on Entrepreneurial Development serves as the Programme Director of the Centre.

The appointed seasoned profes­sionals were saddled with the re­sponsibility of interpreting the Gov­ernor’s entrepreneurial blueprint by articulating and implementing his vi­sion in line with the administration’s entrepreneurial philosophy.

To demonstrate his commitment to the cause, Governor Eno donat­ed N250 million for the take-off and training of the first Batch of 400 par­ticipants. N50 million as School Fees for the trainees, while N200 million was set aside to be disbursed as Busi­ness Support Grant of N500, 000 to each trainee upon completion.

Team Lead of Ibom Leadership and Entrepreneurship Development, Imoabasi Jacob, in his remarks at the disbursement of seed funds appreci­ated the governor for the vision, com­mitment and support for the Akwa Ibom business community and as­sured that given the quality training to the beneficiaries, the grants will yield the desired dividends.

Recall that Governor Eno had during his electioneering vowed to birth entrepreneurial spirit among the youths and being end to an era where able-bodied youths thronged the gates of politicians to beg for crumbs as means of empowerment.

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