No fewer than 240 entrepreneurs have emerged as beneficiaries of the Jerry Eze Foundation Business Grant, receiving a combined funding package of $720,000 — equivalent to over ₦1 billion.
The initiative, launched by the Jerry Eze Foundation in partnership with KPMG, is aimed at empowering entrepreneurs and supporting small and medium-scale enterprises with capital to scale their businesses.
According to organisers, the grant programme is designed to provide financial support to selected business owners across different sectors, helping them expand operations, improve productivity, and create employment opportunities.
The funding represents one of the significant private-led grant interventions targeted at grassroots entrepreneurs in Nigeria. Beneficiaries were selected after a review process, with successful applicants receiving financial support to strengthen and grow their ventures.
The initiative underscores the increasing role of faith-based and private foundations in supporting enterprise development, particularly at a time when many small businesses face funding challenges due to economic pressures.
By partnering with KPMG, the foundation aims to ensure accountability, transparency, and structured implementation of the grant programme. Organisers say the objective is not only to provide funding but also to contribute to long-term business sustainability and economic impact.
The development has been widely welcomed within entrepreneurial circles, with many observers noting that access to capital remains one of the biggest hurdles for small businesses in Nigeria.
With over ₦1 billion disbursed in this phase, the Jerry Eze Foundation Business Grant signals continued private-sector commitment to strengthening Nigeria’s small business ecosystem.