Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

Polaris Bank, Eventful Lift 3 Firms With Business Expansion Grants At The Fashion Souk

byeditor
December 8, 2021
in Business & Brands
Reading Time: 3 mins read
Fashion Souk

L—R: Directorate Head, Enterprise-wide Risk Mgt. Polaris Bank, Mr. Femi Aribaloye, Convener of the Fashion Souk, Mrs. Yewande Zacchedispatched laris Bank MD/CEO, Mr. Innocent C. Ike & Group Head, Products & Market Development, Mrs. Adebimpe Ihekuna.

Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

…CEO hinges business success on entrepreneurial spirit

 

READ ALSO

The Alternative Bank Champions Bold Action For Africa’s Future Ahead Of ASIS 2025 Summit

Fidelity Bank Delivers Hope to Internally Displaced Persons In Benue

 

Polaris Bank and Eventful Limited have reinforced their support for Nigeria’s Small & Medium Enterprises (SMEs) sector with three firms empowered at the just-concluded 5th Lagos Fashion Souk to further grow their businesses.

While handing the cheques to the winners,  who were successful in a business pitch, Polaris Bank’s Managing Director/CEO, Mr. Innocent C. Ike, disclosed that the most important factor required by existing and budding entrepreneurs to get investors interested in their businesses is the entrepreneurial spirit.

Aside the business pitch winners, special prizes were also given to the Most Original Store and Best Decorated Store at the Fashion Souk. The winners were given equipment grants by Polaris Bank to further expand their businesses.

The overall winner of the pitch, Mrs. Oluwatosin Ogunbanjo, who runs a leather bag and shoes company, Avenue 7, got N750,000 and first runner-up, Victoria Udoh, a painting on Fabric Company, Vudoh was given N500,000 while the second runner-up, Tunde Issa, a Tailor and Founder of male clothing line company, RoyalKlassicKoutoure, went home with N250,000.

The hugely attended one-day Fashion Souk/business fair which held at the prestigious Harbour Point facility in Victoria Island, Lagos, on Sunday, provided a platform for more than 150 SMEs in Nigeria’s fashion industry to showcase their creativity, product lines, and economic potentials. Some of the SMEs categories at the fair included: manufacturers, retailers, leather and jewelry/accessories.

The objective of sponsoring the Fashion Souk according to Polaris Bank, was a reinforcement of its support to SMEs as the catalyst for propelling the growth of the Nigerian economy.

Shedding more light on how fundamental entrepreneurial spirit is for business success, the Polaris Bank CEO said he has a habit of telling entrepreneurs that what makes the difference, “Is the creative idea that an entrepreneur has and the ability to sit down and put it together diligently in a well-articulated manner.”

He added that “Creative ideas are the only way to attract funding from banks and individuals who will like to invest in the idea because they will see clearly that it is viable. He said the only way an entrepreneur can achieve that is by sitting down and putting his thoughts together and by making sure he crosses all the T’s and dots all the I’s.”

According to the Polaris Bank CEO, “When such a business proposal is presented to any investor Bank, it will be very convincing and such an entrepreneur will not get a ‘no’ for an answer.”

Earlier in her address too, Chairman of Eventful/Convener of the Event, Mrs. Yewande Zaccheus, appreciated Polaris Bank for consistently supporting SMEs in the country over the years, remarking that the Bank is not only talking but actually putting its money where its mouth is and urged the Bank to sustain the Partnership for a sustainable Fashion Souk.

The highlight of the Fashion Souk was the product launch that SMEs could leverage the Bank’s loan products like Polaris Business Loan, Invoice Discounting facility and LPO financing among others were pitched with the participating SMEs.

The Bank has developed SME-friendly products to cater to the needs of SMEs based on sector/industry-specific, ranging from SMEs in the Health sector, Education, Manufacturing, General business, Agriculture, Export, Creative Industry, etc.”

Polaris Bank also provides business advisory at no cost while SMEs are encouraged to send in their business proposal for review via- smebusiness@polarisbanklimited.com

Aside Polaris Bank, the fashion fair also featured product launches by other top participating Fashion companies like Arami, Tara, Mobos and Zaron; as well as runways by Clatural, Aaboux/Cornocupia, Woora and Dyelab, among others.

Nigeria’s fashion sub-sector has huge and untapped potentials capable of reducing the rate of unemployment in the country. According to statistics by the Fashion Association Designers of Nigeria (FADAN), Nigeria’s fashion industry is valued at $10 billion. Africa Development Bank (AfDB) also projects the global fashion industry worth to be over $2.5 trillion with Africa’s share estimated at less than 1% of that value in 2020, putting Africa’s entire textile/clothing market at more than $31 billion.

Related Posts

ASIS
Business & Brands

The Alternative Bank Champions Bold Action For Africa’s Future Ahead Of ASIS 2025 Summit

July 9, 2025
Benue
Business & Brands

Fidelity Bank Delivers Hope to Internally Displaced Persons In Benue

July 9, 2025
International Civil Service Conference
Business & Brands

Union Bank Strengthens Public-Private Partnership At Maiden International Civil Service Conference

July 9, 2025
GTCO Plc
Business & Brands

GTCO Plc Becomes 1st Financial Services Institution In West Africa To Achieve Listing And Trading Of Its Ordinary Shares On The London Stock Exchange

July 5, 2025
Zenith Bank
Business & Brands

Zenith Bank Tops Nigeria’s Banking Sector For 16th Consecutive Year In The 2025 Top 1000 World Bank’s Ranking 

July 4, 2025
Young Entrepreneurs
Business & Brands

Unity Bank Empowers Young Entrepreneurs With ₦16M Business Grant

July 3, 2025
Next Post
Oromoni

Sylvester Oromoni: Coroner Fixes December 15 For Preliminary Meeting

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

MaWhoo

MaWhoo Takes Her Throne As Spotify EQUAL Africa Ambassador For July

July 9, 2025
Nigerian Idol Season 10

Purp And Raymu To Compete In Nigerian Idol Season 10 Grand Finale

July 9, 2025
Benue

Fidelity Bank Delivers Hope to Internally Displaced Persons In Benue

July 9, 2025
International Civil Service Conference

Union Bank Strengthens Public-Private Partnership At Maiden International Civil Service Conference

July 9, 2025
MultiChoice Fined ₦766m

MultiChoice Fined ₦766m By FG For Privacy Breaches

July 7, 2025
Rasheed Ladoja

Ex-Oyo Governor, Rasheed Ladoja, Set To Become 44th Olubadan

July 7, 2025
Ladoja

Drummers Move To Ladoja’s Home, Signaling Next Olubadan

July 7, 2025
Olubadan

How Primate Ayodele Foretold Olubadan’s Demise Two Days Ago In WTN 2025/2026

July 7, 2025
Oba Olakulehin Dies At 90

Olubadan Oba Olakulehin Dies At 90

July 7, 2025
Senate Duty

Natasha To Resume Senate Duty On Tuesday

July 7, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush