Women Entrepreneurs get N3.5m Grants

Mamador, a leading premium food brand in Nigeria in the Vegetable Oil and Spread segments, has offered grants worth of N3.5m to three women entrepreneurs to support their businesses.

The three women emerged winners after competing against different entrepreneurs at an elevator pitch which saw participation from different women entrepreneurs.

The winners included Vennile Pads which emerged winner with the sum of N2m, while Maka Marvi and Farhms Food and Sauce Global Limited came second and third with N1.5m and N500,000 respectively.

Earlier, the Head of Marketing, PZ Wilmar, Chioma Mbanugo during the “Nourish to Flourish: Elevating Health and Wealth”, urged the women to maximize the opportunities available with their financial resources.

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Mbanugo emphasized on the roles the women play in the society, saying the platform was designed to celebrate women.

“As a brand, Mamador is committed to the financial and physical well-being of Nigerian women nationwide. The old saying that ‘Health is Wealth’ encapsulates our presence here and explains why we should prioritize our health while we try to build wealth.

“We appreciate everyone for joining us to celebrate Nigerian women who regardless of the limitations, or barriers are the epitome of diligence, resilience, and relentless quest for success,” she said.

A finance and wealth coach, Sola Adesakin who spoke on the topic “Wealth and the Woman” tasked women to understand their priorities and map them out according to their finances.

She added that 50% of their earnings should be invested in what they consider necessary while 30% and 20% should be channeled toward savings and personal care and development respectively.

Also a certified financial education instructor, Tomie Balogun stressed the need for aspiring women entrepreneurs to have a good understanding of business structure and figures as these remain the foundation for sustainable growth, decision-making, and overall success of any business.