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Intafact offers N50m seed capital to entrepreneurs

By Princewill Ekwujuru
INTAFACT Hero’s Foundation, a care giving arm of Intafact Breweries Nigeria, has set aside over N50 million as seed capital for the next batch of its entrepreneurial skill acquisition scheme.

Intafact beers

Legal and Corporate Affairs Director for AB InBev Nigeria and Ghana, Otunba Michael Daramola, disclosed at the 2017 Intafacts Hero’s  Foundation Kickstart award in Onitsha, Anambra State, that the total seed capital for this year is in excess of N50 million that was given last year. He added that the number of awardees have also been increased above 24 entrepreneurs in the previous editions.

He said: “Like we have reiterated, as part of the requirements you must be prepared to run and manage these businesses on a full-time basis. These businesses must be legally permissible businesses in terms of local laws, and could be either new businesses requiring startup capital or existing small businesses needing capital to expand operations.”

In his remark, Obi of Onitsha, Nnaemeka Achebe, said that the Foundation’s scheme shows that Nigerians are looking for opportunities to nurture their God-given talents.

“I am happy that Intafact Hero’s Foundation found that vacuum and is filling it to the best of its ability. In launching this programme in 2016, we knew it was going to touch lives, we also knew it was the right thing to do especially in the face of growing economic challenges. I am happy that the Intafact Hero’s Award Foundation Kickstart programme is growing and making contributions towards developing a culture of entrepreneurship among our youths.

“This year, Intafact Hero’s Foundation has cast its net even farther, as it added Benue, Delta and Edo States to the original five states in the south-east. The result is that more youths from a greater number of states have been reached,” he stated.

 


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