Federal Government gives over 4 million naira as start-up seed fund to 17 innovators

he federal government has given out over four million naira as start-up seed fund to 17 young innovators under the Social Investment Programme at the South-South Innovation Hub in Benin City, the Edo State capital.

Speaking at the event, the state governor, Mr. Godwin Obaseki, said that with the start-up seed fund, the federal and state governments have demonstrated their faith in the programme.

Represented by his Chief of Staff, Chief Taiwo Akerele, Obaseki said the hub is a creative and productive center set up to encourage young innovators in the South-South region to come up with innovative ideas and solutions to the problems confronting the country and hindering her development.

the governor said Working in partnership with the federal government, have demonstrated the capacity to support talented youth by encouraging them to express themselves, get creative and proffer solutions to the nation’s problems. Those that have put in extra effort are those that have benefited from the start-up fund today,”

He assured that his administration will continue to provide the enabling environment for youth in the state to advance their ideas and utilize opportunities created by the federal and state governments to contribute to the development of the nation.