FATE Foundation announced the recipients of the FATE Platinum Jubilee Grant: a 70 million Naira (N70,000,000) initiative of FATE Foundation’s Board of Directors and friends of the foundation, celebrating the 70th birthday of its Founder and Chairman, Mr. Fola Adeola, for his commitment to supporting Nigerian entrepreneurs and promoting enterprise development in Nigeria. The grant supported 70 members of the FATE Foundation Alumni Community with 1 million naira each.
The call for applications was announced earlier in the year and had over 200 applications. The 70 entrepreneurs were selected from different states across Nigeria, after a rigorous review process of meeting the set criteria which include businesses with proven business concepts, positive cashflows, visible traction, a growth trajectory, a sound structure, and the ability to employ and retain staff. The entrepreneurs hail from a diverse range of sectors, including Agribusiness & Food Production, Accounting, Creative Industries, Education, Healthcare, Technology, Automotive, Chemical and Allied, Hospitality, Water Solutions, Real Estate Services and Waste Management & Renewable Energy.
“This initiative is a fitting tribute to our founder’s legacy, who has dedicated his life to nurturing entrepreneurs, promoting businesses, and contributing to the economic development of Nigeria. We believe that by supporting these entrepreneurs, we are investing in the future of Nigeria’s economy and creating a ripple effect of positive change” Adenike Adeyemi, Executive Director of FATE Foundation said.
The grant awardees are Doowuese Kwaghgba of Crestycrisp Foods, Idris Olayemi of Babtech Computers, Jane Frances Ighosewe of Something Lite, Francis Obanijesu of The Lightning Artz; Oladolapo Quadri, Lightup Naija Projects Limited; Olawale Taiwo, Cakes By Whales; Mobolaji Savage, Glamphysician Health Global; Olamilekan Omosehin of Ibuken Omosehin Farms/Chikkini Foods; Aniete Martins of Learning on-the-go; Shedrach Hazuome of The Bespoke Royal ‘TBR Africa’; Chukwuebuka Azu of Seaslink Technologies; John Friday of Rox Technologies limited; Olajide Odekanle, Afrilab Investment Limited; George Ijeh, Geoann Private Schools; Oriyomi Adedoyin of Kojo Originals Limited; Oluwatosin Lawson of African Things; Onyekachi Udeh of Aquarex Global; Sarah Olagoke of Tersly Enterprise; Amos Dodo, Ajodoson Ventures; Concepta Duru of Epic Valle Services International; Bimbola Fadamiro of Mixed flavours; Emmanuel Osawemen of Osamedic Diagnostics Ltd; Tina David-Iga of LushGreen Medical Centre; Omotola Ishola-Badamasi of Mcbhadmos Trans-Atlantic Trades Ltd; Lois Ezirim of Delois Catering and Event Services; Esther Okewole of Xta Leathers and Fashion Home; Laura Okpare of L’Esé; Edu Shola of Deluxe Creation Studios; Jennifer Esiaba of Mariam Grey Health; Emmanuel Okpala, 0 Emission Technologies; Eunice Adewale of Smoleless Briqs Energy Solutions; Uche Udekwe of Natal Cares; Mariam Adebayo of Madeo Chills; Chidozie Igweilo of Quadloop; Emmanuel Onwusoro of Smartiphy; Elizabeth Oladepo of 07 Foods; Bukola Aleriwa of Schooled Afrika; Rashidat Bello of Yalojar.ng; Jacob Ugbodaga of Kipit Fresh; Adebimpe Oladunjoye of Beem Farm Foods; Stephen Obe of Evet; Ayobami Diyaolu of Techiehealth Pharmacy; Adeyemi Olutoye of Drugstore Nigeria; Elizabeth Falodun of Tai OmoAkin Afrikana; Monalisa Azeh of Mona Matthews Ventures; Raphael Egbayelo of Uvisuals Studios Limited; Mojirade Bepo of Jirade Diadem Global Limited; Deborah Oloyede of Elan Clothiers; Damilola Olanrewaju of Opalite Nigeria Limited; Akinyemi Akinseye of Tritan Autoworks Limited; : Fayo Williams of Simply Exponential Consult Ltd; Toba Adenaike of Madecore Solar; Florence Eeyikemi Egbeyemi of JSDL Recycling Ltd; Adebukunola Baruwa of Yembar Ventures; Rofiat Olaleye of Eco Heroes; Kayode Taiwo of KayTaiwo international Ltd; Wale Yasere of Fast Ride Limited; Timothy Ajekiigbe of Uplinx Allied Services; Shakirat Animashaun of Flyingdove Consult Ltd; Victor Ayegba of Unique Multiaxial Enterprise; Atinuke Lebile of Cato Foods and Agroallied Global Concepts; Ifeoluwa Olatayo of Soupah Kitchen & Co; Adeola Balogun of Limlim Foods Production Company Ltd; Princess Adeyinka Tekenah of Happy Coffee; Ikechukwu Amajuoyi of Kernrlinc Resources ltd; Osato Omo-Osemwingie of El Gazelle Foods; Muideen Adegoke of Agrobiz Ideal Ventures; Olalekan Dolapo of Lekusca Resources; Abubakar Umar of A&B Entrepreneur Development And Business Center and : Bidemi Olorukooba of Duketrah Fisheries Limited.
Bolaji Agbede, Director & Chairperson of FATE Foundation’s Governance Committee said,
“I am proud to see FATE Foundation’s commitment to empowering entrepreneurs come to fruition again through this grant initiative. By investing in these 70 entrepreneurs, we are not only celebrating our founder’s 70th birthday but also igniting a chain reaction of innovation, job creation, and economic growth that will resonate across Nigeria’s entrepreneurial ecosystem for years to come. And we know that this is dear to the heart of our chairman”.
FATE Foundation is Nigeria’s foremost business incubator and accelerator program founded by Fola Adeola in 2000 to harness the strong entrepreneurial culture of Nigerians by providing aspiring entrepreneurs with business incubation, growth, and accelerator support required to fully explore their innovative potential, to start, grow and scale their businesses.
