Chairman of a fast-growing real estate company, Gtext Holdings, Stephen Akintayo, asserted that Nigeria needs a multi-faceted approach to overcome the present economic crisis in the country.
Akintayo, who spoke in Lagos at the recent Gvest Global meeting for investors and mentees, added that the right partnerships and well-calculated business risks was the way out of the present economic reality. This was even as he stated that his company had given out grants to some small business owners to help them find their feet in the market.
The businessman also disclosed that as part of giving back, his foundation has given $5,000 each to 20 young entrepreneurs to support their companies and scale up in their businesses.
Gvest Global, a subsidiary of Gtext Holdings, is a cooperative multipurpose society and real estate investment company.
He said, “We have been able to give cash grants to over 20 entrepreneurs, and we plan to scale it up in 2024.
“This meeting is to promote our products and services, and to create awareness on how the brand has helped many mentees to be financially empowered.”
Also, the Chief Executive Officer of the company, Rana Ahmad, maintained that the company was committed to helping people who had an affiliation with it.
Speaking at the event, one of the beneficiaries of the grant, Omolola, disclosed that she got a million naira grant from the company.
The fashion designer added that the money had been used to set up a proper location for her business, while she had also trained some people for free.
Another beneficiary also said she invested her grant in her food processing business.
