Five SMEs Receive ₦50 Million in Fire Data Grants

Five small businesses have received grants totalling ₦50 million from Fire Data Limited. Each beneficiary will receive ₦10 million to support business growth. More than 1,000 businesses applied, and the recipients were selected after a commercial assessment and the creation of business data profiles. Fire Data founder Lydia Emeka said the initiative will also provide advisory services and business intelligence support. The company plans to reach 5,000 SMEs and will monitor how beneficiaries use the grants. The recipients include owners of confectionery and fashion businesses. They said the funding would provide significant support amid current economic challenges.

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