Foundation deepens support for SMEs with business funding

In a bid to support small and medium size businesses having funding challenges, Tosin Adelana Foundation, a non-governmental organisation have provided funding for potential entrepreneurs who are financially challenged and assistance to those medically challenged across different states in Nigeria.

Founded in 2020 after the Covid lockdown by Tosin Adelana, a Businessman and entrepreneur, Tosin Adelana Foundation has restated focus on business & financial empowerment.

“I was born in Nigeria, schooled in Nigeria and worked in Nigeria before relocating to the US. Starting up a foundation in Nigeria was as a result of wanting to give back to the society that birthed me. I am aware of the challenges that business owners go through in the country ranging from funds, government policies, and so on. The little assistance from the foundation if well utilized can be of immense benefit to business owners

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“Entrepreneurs are hardworking people who never give up despite the tough economic issues. As part of plugging into the digital space, we decided to also carry people along through social media. I also gave 41 entrepreneurs N10,000 each on my birthday this month to support their businesses and encouraged them to continue in business no matter the circumstances,” Adelana, the founder of the foundation said.

He explained that the Tosin Adelana Foundation is an NGO that supports small business owners/ entrepreneurs who are financially challenged to start up or maintain their stability and assist those that have financial challenges medically.

“In 2023, we want to embark on more projects and we are open to collaborations to help more entrepreneurs,” he added.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.