Wema Bank disburses N3m grants to top MSMEs at Lagos Leather Fair 2025

Wema Bank has awarded enterprise grants totaling N3m to the stop three Micro, Limited, and Medium Enterprises (MSMEs) that emerged winners in a enterprise pitch competitors at the Lagos Leather-primarily based fully mostly Comely 2025.

The winners, EwaOluwa Morenikeji of Condominium of Ewa Ltd, Joy Fache James of Paciencia, and Fatima Yusuf of Condominium of Zibima, every obtained NIm.

The grants are section of Wema Bank’s commitment to empowering Nigerian MSMEs and offering them with the mandatory sources to thrive.

The financial institution’s Managing Director/Chief Executive Officer, Moruf Oseni, emphasised the importance of MSMEs in stimulating Nigeria’s economic system and reiterated Wema Bank’s dedication to supporting the sphere.

Per him, “MSMEs unique a two-fold different for us at Wema Bank. With MSMEs constituting the huge majority of the economic system, empowering MSMEs now not ideal translates to stimulating Nigeria’s economic system, however intention more importantly, it intention extending the reach of our influence to the grassroots and offering give a decide to for the folks to thrive each in my opinion and professionally.”

The winners expressed gratitude to Wema Bank for the give a decide to, with EwaOluwa Morenikeji, Founder and CEO of Condominium of Ewa Ltd, pointing out that the grant will allow her to make bigger her enterprise, plot higher machinery, and make stronger output.

“I’m grateful for this different to position my enterprise available and compile the give a decide to I deserve to scale. This is with out a doubt going to influence my enterprise. I'd like to make exhaust of this money to make bigger my enterprise, enhance machinery and be distinct that our output continues to enhance and higher.”

The Lagos Leather-primarily based fully mostly Comely, an annual showcase of Africa’s leather-primarily based fully mostly industry, brought collectively leather-primarily based fully mostly followers, producers, and designers from across the sphere. Wema Bank subsidized the match for the 2nd consecutive three hundred and sixty five days, demonstrating its commitment to promoting African culture, creativity, and craftsmanship.

This initiative capped off Wema Bank’s occasion of World MSME Day, reinforcing the financial institution’s popularity as a financial institution committed to supporting Nigerian MSMEs and empowering them with the sources, instruments, and give a decide to they have to thrive, scale, and dwell sustainably winning.