Three winners have emerged in Unity Bank’s flagship business plan competition for National Youth Service Corps members called ‘Corpreneurship challenge’.
The winners, namely Ejidike Vitalis, Aromire Yusuf, and Sanni Adeola, emerged during the final pitch for NYSC 2020 Batch B, Stream 1B corps members, at the Lagos NYSC orientation camp on Monday.
A zobo beverage-processing plant business plan by Vitalis, a pharmacy graduate from Nnamdi Azikiwe University, Awka, emerged the best plan and won N500,000 grant.
Other winners are a fish farm business plan by Yusuf, who clinched N300,000 business grant, while Adeola’s garri processing plant business plan won the third place to take home N200,000 business grant.
A total of seven youth corps members pitched their business plan in agribusiness, fashion design, baking and confectionaries, among others.
The contestants’ business plans were assessed on originality, marketability, future employability potential of the product and knowledge of the business.
Unity Bank said it commenced the entrepreneurial development initiative in 2019 to specifically target corps members, as part of efforts to contribute to job creation in Nigeria.
Speaking during the finale, the Group Head, Retail and SME Banking, Unity Bank Plc, Mr Olufunwa Akinmade, said the competition was to encourage more youths with clear intentions to expand or start profitable ventures.