Peter Abisoye also known as Polan, an alumnus of Lagos State University(LASU), has disbursed a N1.5m business grant to no fewer than 30 students to kick off the Tips With Polan Business Grant’ project.
The event was held at the Aderemi Makanjuola Lecture Theatre on the Ojo Main Campus of LASU.
It attracted more than 500 students from various higher institutions in Lagos who had registered to showcase their business ideas.
Only 30 Out of the 500 students who signified interest passed the screening to access the grant.
The purpose of the initiative is to make the students more productive to ensure self-reliance.
The project also recognises students who are into small businesses and need financial support and mentorship to excel.
Successful students were to be mentored for a specific period for manpower development in their chosen ventures.
FCNN learnt that the grant was disbursed to students in various business including fashion, hairdressing, information technology, food business, bakery, soap production, agro- business etc.
Abisoye stated the reason for the grant saying “The programme is established to motivate undergraduate students, who are business oriented.
We are encouraging students to be self-reliant through mentorship and relevant information for capacity development.”
He noted that the grant is not repayable. He said the criteria for assessing the offer required an intending beneficiary to convince the judges about their capacity to run their venture successfully.
Polan emphasized that his organisation places premium on entrepreneurship, skill acquisition and mentorship to enable users of the grant to perform effectively and compete favourably with their counterparts internationally.
He revealed that his organisation would soon approach banks and the private sector to expand the frontiers of the initiative.
Some of the beneficiaries expressed their gratitude for the opportunity given, assuring that the money will be used for the purpose it is meant for.
They praised organisers the initiative that aims to empower visionary students.
