3rd September, 2024
In a remarkable act of philanthropy, Prince Omoha Nduka, founder and CEO of Prince Luxury Group (PLG), celebrated his birthday on September 3rd by significantly boosting Nigeria’s entrepreneurial landscape.
The business mogul disbursed grants totaling ₦25.5 million to 102 small and medium-scale entrepreneurs from across the 36 states of Nigeria and the Federal Capital Territory (FCT).
The grant disbursement ceremony, held at the PLG Headquarters in Lagos, provided each of the selected entrepreneurs with ₦250,000 in non-refundable seed capital.
This initiative is part of Prince Omoha’s ongoing efforts to stimulate economic growth and support grassroots business development in Nigeria.
“There’s no better way to celebrate life than by empowering others,” Prince Omoha stated during the event.
“These grants are not just financial support; they’re a vote of confidence in the innovative spirit of Nigerian entrepreneurs.”
The grant recipients, chosen from a diverse pool of applicants, represent a wide range of sectors including technology, agriculture, fashion, and renewable energy. Many expressed their gratitude and shared ambitious plans for utilizing the funds.
This initiative builds on the work of The Prince Omoha Foundation (POF), established in 2018, which has been providing annual support to young entrepreneurs. However, this birthday grant stands out for its scale and immediacy.
Since founding PLG in 2015, Prince Omoha Nduka has expanded the company into a conglomerate with interests in real estate, logistics, construction, agribusiness, and stock investments. The group now operates in both Nigeria and Hong Kong, with its headquarters in Lagos.
Despite his business success, Prince Omoha emphasized the importance of giving back.
“True success is measured not just by personal achievements, but by the positive impact we have on others,” he said.
“I hope this initiative inspires more Nigerian businesses to invest in our nation’s entrepreneurial ecosystem,” he added.
Prince Omoha Nduka’s birthday celebration not only marks another year in the life of a successful businessman but also represents a significant investment in Nigeria’s economic future.
It stands as a powerful reminder of the positive change that can occur when business success is paired with social responsibility.
