Leadership coach and Global Lead Pastor of The Elevation Church, Godman Akinlabi, has unveiled the Godman Akinlabi Enterprise Development Fund to bridge the capital access gap for entrepreneurs in Nigeria.
The initiative, launched in Lagos to mark his 50th birthday, addresses findings from a recent International Trade Centre (ITC) report, which revealed that only 15% of Nigerian SMEs can access formal credit.
The fund, starting with an endowment of N50 million, aims to empower faith-based entrepreneurs, foster innovation, and promote sustainable business practices. Akinlabi described the project as a realization of his vision to develop leaders capable of building profitable businesses, transforming industries, and inspiring change.
“True leadership is not about personal success but about creating platforms for others to thrive. This fund is that platform—empowering courageous, faith-driven entrepreneurs to break barriers, innovate boldly, and redefine the future of business,” he stated.
The fund provides seed capital of N250,000 to N2,000,000 for small and early-stage businesses, while enterprises with proven growth potential can access up to N5,000,000. Beneficiaries will also receive mentorship and strategic support to enhance business growth.
“By equipping individuals with resources, mentorship, and opportunities, we are fostering a legacy of leadership and economic prosperity that will impact generations,” Akinlabi added.
The launch also featured a leadership lecture by renowned thought leader Leke Alder, emphasizing the importance of visionary leadership, ethical governance, and strategic innovation in shaping a sustainable and prosperous future.
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