Wema Bank Empowers 3 MSMEs With N3m Grants

Wema Bank Plc, has disbursed business grants totalling N3 million to the top three Micro, Small and Medium Enterprises (MSMEs) who emerged winners in a business pitch competition at the Lagos Leather Fair 2025.

The Fair sponsored by Wema Bank in Lagos, had the top three winners of the business grants include EwaOluwa Morenikeji of House of Ewa Limited, Joy Fache James of Paciencia, and Fatima Yusuf of House of Zibima; all of whom won N1,000,000 each.

This thoughtful gesture capped off Wema Bank’s celebration of World MSME Day, reinforcing the Bank’s position as the financial institution that is committed to supporting Nigerian MSMEs and empowering them with the resources, tools and support they need to thrive, scale and remain sustainably profitable.

Receiving the grants, the businesses expressed profound gratitude to Wema Bank for their unwavering support and intentional approach to accelerating Nigerian businesses towards success.

Receiving her cheque, one of the winners, EwaOluwa Morenikeji, founder and CEO of a modern bag making brand, House of Ewa Limited, shared some insight into the specific aspects of her business where she would be channeling the N1 million grant to, appreciating Wema Bank for supporting the growth of her business.

According to her, I am deeply grateful for this opportunity to put my business out there and get the support I need to scale. This is definitely going to impact my business. I intend to use this money to expand my business, get better machinery and ensure that our output continues to get better and better. This will help my business growth and I thank Wema Bank for thinking of small businesses like mine and supporting us.

Underscoring the need for concerted efforts in accelerating the growth of Nigeria’s MSME sector, MD/CEO of Wema Bank, Moruf Oseni, reiterated the Bank’s commitment to championing accelerated growth in Nigeria’s MSME sector towards improving the nation’s macroeconomic conditions.

According to him, MSMEs present a two-fold opportunity for us at Wema Bank. With MSMEs constituting the bulk of the economy, empowering MSMEs not only translates to stimulating Nigeria’s economy, but even more importantly, it means extending the reach of our impact to the grassroots and providing support for the people to thrive both personally and professionally.

“For 80 years, we have remained committed to this lifelong mission of empowering lives and businesses, and relenting will never be an option for us. We will continue to meet MSMEs at their points of need, create tailored opportunities for them to thrive and remain innovative in shaping the future of Africa’s MSME sector, journeying with businesses, all the way.”

The Lagos Leather Fair, regarded as the biggest leather fair in West Africa, is an annual showcase of Africa’s Leather Industry.