STL Trustees Empower 30 Women Entrepreneurs with N3m

Nume Ekeghe

STL Trustees has awarded a total of N3 million in grants to 30 women-led businesses through its newly launched FundHer initiative, reinforcing its commitment to empowering female entrepreneurs in Nigeria.

Speaking at the award ceremony, Head of Trust Services at STL Trustees, Adeshola Aramide Aje, emphasised the significance of the initiative in fostering business growth for women.

“We are giving out a total of N3 million to 30 people as part of our commitment to supporting women in business. Each selected entrepreneur will receive N100,000, which we believe will make a meaningful impact on their businesses,” Aje stated.

She explained that the selection process was rigorous due to the overwhelming number of applications received.

She said, “Our selection criteria focused on the impact and potential of each applicant’s business. We assessed their achievements, the strategies they employed to reach their current level, and their vision for the future. The size of the business was not a determining factor; rather, we sought out women who have demonstrated thoughtfulness, resilience, and innovation in running their enterprises.”

Aje further noted that while the inaugural edition of FundHer was limited to 30 recipients and that STL Trustees plans to expand the program in future editions.

On her part, the Managing Director and Chief Executive Officer of STL Trustees, Funmi Ekundayo, applauded the beneficiaries for their dedication and perseverance despite economic challenges.

“Today is about celebrating you, strong, hardworking, and determined women who are building businesses and creating opportunities for yourselves and others. At STL, we believe that women are builders; we build homes, families, businesses, and communities. We started STL FundHer to support women like you who are pushing forward despite the economic challenges,” she said.