Moniepoint Inc’s Group Chief Executive Officer, Tosin Eniolorunda, has rewarded three university-based young Nigerian entrepreneurs through the inaugural edition of the Tosin Eniolorunda Innovation Challenge, an initiative of the Management Students Association, University of Lagos.
The challenge, held during the 4th Annual Students Entrepreneurship Program, aimed to bridge the gap between micro and macro businesses, empowering SMEs to drive sustainable national growth. Efemena Ogie, Head of Partnerships at Moniepoint Inc, who represented Eniolorunda, said: “Small businesses are vehicles for innovation and problem-solving. Empowering them is a moral obligation towards ensuring sustainable and inclusive prosperity for all.”
Eniolorunda added, “This initiative resonates strongly with me, considering my own early beginnings as an undergraduate. We have seen first hand the transformative power of innovation and problem-solving in unlocking value.”
The Explainer gathered that the challenge provides mentoring initiatives, workshops, and training sessions to participants committed to identifying problems and proffering solutions. After a rigorous selection process, five finalists presented their ideas to a distinguished panel of judges.
Among the winners were Halimat Ajoke Ariyo, founder of Craft by Leemart, a fashion leather brand creating high-quality, customized products, and the team of Michael Kolade Sunmoni and Saanumi Oluwaseun Joshua, founders of SafeMom, a healthtech startup addressing maternal mortality.
“This Innovation Challenge is a solid platform to help more dreamers move their innovative ideas into becoming tangible ventures that can increase their contribution to the broader economy,” Eniolorunda said. The Tosin Eniolorunda Innovation Challenge has set a new benchmark for nurturing young talent in Nigeria’s entrepreneurial ecosystem.
By providing a platform for budding entrepreneurs to showcase their ideas and receive support, the initiative is paving the way for a future where innovation drives sustainable growth and prosperity in Nigeria.
