In a bold move to address unemployment and promote entrepreneurship, investment firm Stridevest Company Limited has launched a new initiative to support Micro, Small, and Medium Enterprises (MSMEs) through equity partnerships, strategic development, and long-term business growth.
Unveiling the programme during an interactive session with journalists in Calabar on Saturday, the Chief Executive Officer of Stridevest, Mr. Wilson Obidi, explained that the initiative will not provide loans or grants, but will instead invest directly into promising businesses by acquiring equity stakes.
“We invest in businesses we believe in, provided the owners demonstrate a clear vision and understanding of their goals,” Obidi stated.
He noted that the initiative is open to businesses across all sectors, and applications can be submitted via the company’s official website: www.stridevestltd.com.
Beyond financial investment, the programme offers a comprehensive support system including professional mentorship, expert collaboration, and strategic business planning to ensure sustainability and expansion.
Also speaking at the event, Stridevest’s Head of Legal, Barr. Christal Ogar Tawo, emphasized the company’s commitment to working closely with entrepreneurs. He noted that beneficiaries would receive assistance with business registration, access to educational resources, and regular growth monitoring.
“This model enables us to genuinely partner with entrepreneurs, supporting them beyond capital injection by helping build structures that guarantee success,” Tawo said.
He added that the percentage of equity held by Stridevest in any given business would be determined by the level of involvement and terms agreed upon with the entrepreneur.
Stridevest also announced its willingness to partner with government bodies, NGOs, private institutions, and individuals to scale its empowerment efforts across Cross River State and Nigeria at large.
The equity-driven model by Stridevest represents a significant shift from traditional funding schemes, focusing instead on shared growth, accountability, and long-term impact within the Nigerian entrepreneurial landscape.
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