PremiumTrust Bank has empowered 13 entrepreneurs and small business owners with business grants worth N50 million in partnership with the Hallelujah Challenge Corporate Social Responsibility team.
The grant presentation ceremony was held at the Hallelujah Challenge Center in Lagos as part of the bank’s commitment to supporting communities and promoting economic growth across Nigeria.
According to the bank, the initiative reflects its belief that small businesses remain a major driver of Nigeria’s economy, making it important to invest in entrepreneurs and support their growth.
The collaboration between PremiumTrust Bank and the Hallelujah Challenge aligns with the bank’s mission of enriching lives and strengthening communities through impactful social initiatives. Over the years, the Hallelujah Challenge has supported humanitarian causes, including payment of school fees, medical bills, and other community support programmes.
Speaking during the event, the Managing Director and Chief Executive Officer of PremiumTrust Bank, Emmanuel Efe Emefienim, said the bank intentionally partners with platforms that positively impact lives and help people achieve their dreams.
He explained that beyond providing financial support, the bank also organised business training sessions for the beneficiaries to help them manage resources effectively and scale their businesses sustainably.
According to him, the training was designed to equip the entrepreneurs with practical knowledge that would help them remain focused and intentional while growing their businesses.
Founder and Convener of the Hallelujah Challenge, Nathaniel Bassey, commended the bank for supporting the initiative, noting that the partnership would help expand the organisation’s impact on lives and communities.
He stated that the vision of the Hallelujah Challenge goes beyond worship sessions to creating meaningful change and supporting people in need.
The beneficiaries emerged through an online business pitch competition that attracted entries from millions of Nigerians. Organisers said the selection process was transparent and unbiased.
Poultry farmer Inya Michael Irem emerged as the overall winner and received a N5 million grant. Four other participants — Samuel Sunday Oton, Yaya Olayinka Precious, Mirriam Bwalya, and Lois Mazi — received N2.5 million each, while eight additional beneficiaries received N1 million each.
The winners expressed appreciation to PremiumTrust Bank, describing the grants as a major boost for their businesses and communities.
PremiumTrust Bank said its corporate social responsibility initiatives cut across healthcare, education, and community development. The bank recently carried out a healthcare intervention programme at Massey Street Children’s Hospital in Lagos as part of its commitment to community development.
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