Jerry Eze Foundation Gives ₦1 Billion in Grants to 240 Nigerian Entrepreneurs: No Loan, No Collateral
Fam, somebody please pinch me! Because in this our Naija, where to get a loan they’ll ask for six forms of ID, three guarantors, and your grandma’s baptismal certificate. one man just strolled into Abuja and said, “Here, take this.” No payback, no fine print, no “we’ll get back to you.”
Pastor Jerry Eze. The same guy your mum plays on YouTube every Sunday morning before church even starts. That man just gave ₦1 billion in grants to 240 small business owners across Nigeria. This is not audio money o. Real cash. Real people. Real impact.
And if that doesn’t make your heart do backflips, I don’t know what will.
16,000 People Applied. KPMG Sorted Them. Nobody Fit Shout Favoritism.
First thing Nigerians said when this gist dropped. “Who dem sabi?” Because, let’s be honest, in this country, every opportunity usually has a silent clause: connections required. We’ve seen too many empowerment programs that somehow empower the same clique. We’ve filled forms that disappear faster than PHCN light.
So when Jerry Eze Foundation announced KPMG would handle selection KPMG, as in the global audit ogas, the whole narrative changed. You can’t bribe KPMG. You can’t “link up” with KPMG. Their own no be by mouth.
16,000 people applied. 9,668 finished all the requirements. From there, 240 were picked on merit, on viability, on the strength of their hustle. Agric, Manufacturing, Tech. Not just entertainment or packaging. The real backbone stuff.
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Each winner collected $3,000. That’s roughly ₦4.5 million, depending on how the naira is feeling today. Try telling a groundnut oil seller in Kano or a seamstress in Aba that’s not life-changing money. Good luck with that.
His Mother Didn’t Have Much. But She Gave Like She Had Everything.
This part really got me. Jerry Eze could have stood there and talked all that big grammar ROI, economic multipliers, PowerPoint slides. But instead, he talked about his mum.
A woman who gave and gave, even when her own pocket was crying. She didn’t wait until she had overflow. She just gave. And in that everyday act, she planted a seed in her son that has now grown into a ₦1 billion grant ceremony in Abuja.
See, that’s the Nigeria CNN won’t show you. Where a woman in a simple home raises a child with such deep values that, years later, strangers eat from a table she never even sat at. That’s legacy. That’s what we mean when we say, “our mothers carried us.”
Jerry Eze didn’t only give money; he honoured his mother in the most powerful way possible. Honestly? She deserved every single kobo.
Then Oby Ezekwesili Entered and Scattered Everyone’s Comfort.
Let me tell you Oby Ezekwesili is not the type to just show up to clap and smile for the camera. When she speaks, you feel it deep. She’ll inspire you and make you slightly uncomfortable at the same time, like she’s offended on behalf of your destiny.
She looked those 240 new grant winners in the eye and said: this is not the time to relax. Africa’s problems are too big for small dreams.
No soft landing. No sweet talk. Just truth, raw and direct: this money is only the beginning. Use it to build something that matters. Solve real problems. Dream bigger.
Then Ibukun Awosika madam “build legacy, not just business”, the woman who flipped a furniture shop into First Bank boardroom stood up. She told them: stop thinking like lone hustlers, start thinking like institution builders. Mentorship. Collaboration. Structures that last.
The guestlist was mad. Benjamin Kalu. Oliver Alawuba. Gbenga Agboola, the Flutterwave boss. Stanley Uzochukwu. Obi Cubana (because, of course, anywhere money and history dey, Cubana must show face).
Poju Oyemade and Emmanuel Iren representing the faith squad. RMD looking like he paused aging in 1998, abeg, what’s his secret? Ebuka Obi-Uchendu, no major event in Nigeria is complete without Ebuka’s drip. And Tonto Dikeh, so you already know social media was watching.
But strip away all the glitz, the cameras, the ashoebi, what’s left? 240 ordinary Nigerians who dared to apply, who showed up, and who won on merit.
In a country where most people have been told the system isn’t for them, 240 people just proved otherwise. On camera. With KPMG as witness.
They’ll Come Back With Testimonies. Save This Post.
Jerry Eze said it with his chest, he expects most of these beneficiaries to return in a year with heavy testimonies. No “maybe.” No “hopefully.” That calm confidence of someone who has seen faith and action collide.
And honestly, I believe him. Because these are not people who just heard about business on Instagram. These are hustlers who have been in the trenches planting, stitching, coding, selling, just waiting for the capital to move from crawling to running. The Benue farmer who needs better irrigation. The Lagos designer with the skill but not the machine. The Port Harcourt tech founder ready to scale but lacking runway.
They’ve been ready. They just needed someone to bet on them.
₦1 billion won’t fix Nigeria overnight. Let’s not form. But let’s also give this moment its due hype, because what happened in Abuja wasn’t just a grant ceremony. It was a statement. Proof that when Nigerian wealth is used with accountability and intention, it can become a ladder for people who have only ever been told to wait.
Mama Eze gave when she had little. Her son gave when he had plenty. Now, 240 people are carrying that torch forward.
Pass it on!
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Desauce Magazine is more than a blog, it is a cultural journal capturing the rhythm of Nigeria. From music and film to lifestyle and social issues, we tell stories that reflect the energy, struggles, and brilliance of our people.


