By Ayo Onikoyi

Prince Omoha Nduka, founder and CEO of Prince Luxury Group (PLG), commemorated his birthday today with a significant act of philanthropy, further solidifying his position as a key figure in Nigerian entrepreneurship and social development.

In a ceremony held at the PLG Headquarters in Lagos, Prince Omoha disbursed grants of 250,000 naira each to over 100 small and medium entrepreneurs from across Nigeria’s 36 states and the Federal Capital Territory (FCT).

“Today, we’re not just celebrating a birthday, we’re celebrating the spirit of entrepreneurship that drives our nation forward,” Prince Omoha stated during the event. “By empowering these 102 entrepreneurs, we’re investing in Nigeria’s future and fostering economic growth from the grassroots.”

The grant disbursement builds upon the ongoing efforts of The Prince Omoha Foundation (POF), established in 2018. POF has been providing annual non-refundable seed capital of 250,000 naira to more than 100 young entrepreneurs nationwide.

Speaking at the event, the Executive Director of The Prince Omoha Foundation, Mrs Chioma Ugwu , concluded the event stating: “Today, we have trained over 100 times more young African entrepreneurs than we have trained from 2018 to 2023 combined. Today in 2024, we will be paying out a record of N25,500,000 million naira directly to the hands of Nigerian entrepreneurs from all 36 states across the country. This is impact. We are not giving out this money because we have much, but we are committed to. This money doesn’t come from any supports organisation or donations, this was made possible conforming with the Prince Luxury Group (PLG) Corporate Social Responsibility. we advised you all to use this seed with Good will and for it’s purpose’s to ensure more people are employ and empowered through this funds”.

Also speaking at the event, Economic analyst, Dr. Adediwura Akintola who attended the event, commented on the impact of such initiatives: “What we’ve witnessed today is more than just corporate social responsibility. It’s a strategic investment in Nigeria’s economic ecosystem. By supporting small and medium enterprises, Prince Omoha is helping to create jobs and stimulate economic growth at the community level.”

The grant recipients, who were present at the ceremony, expressed their gratitude and optimism. Okoli Iheme Ifeanyi, a young entrepreneur from abia state, said: “This grant is a game-changer for my business. It will allow me to purchase much-needed equipment and hire additional staff. The impact will be felt not just by me, but by my entire community.”

Prince Omoha’s dual role as a successful businessman and philanthropist has drawn increasing attention in recent years. His efforts to bridge the gap between corporate success and social responsibility have been noted by both business and civic leaders.

“Prince Omoha represents a new generation of African entrepreneurs,” said Oluwaseun Akin,a legal luminary, who was invited to speak at the event. “His approach demonstrates that business success and social impact can go hand in hand. This grant disbursement is a testament to that philosophy.”

This latest initiative adds to the growing list of Prince Omoha’s contributions to Nigerian society, further cementing his position as a notable figure in the country’s business and philanthropic landscape.

Prince Omoha’s business acumen has been evident since he founded PLG in 2015. What started as a private limited liability company has grown into a conglomerate with interests in real estate, logistics, construction, agribusiness, and stock investments. The company currently operates in Nigeria and Hong Kong, with its headquarters in Lagos.