By Francis Akinnodi

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Odu’a Investment Company Ltd (OICL) and the Nigerian Philanthropy Office (NPO) and Impact Investing has  signed a Memorandum of Understanding (MoU) towards the  provision of grants for MSMEs in the South-West zone.

The Hope reports that the MoU was signed by officials of both organisations at the Philanthropy Office in Abuja.

The MoU is geared towards providing funding for startups to develop and grow businesses in critical sectors, including Agriculture, renewable energy , fashion and furniture manufacturing.It intends to ensure parties work together towards providing funding for businesses in the six south-west states to spur socio-economic growth of the region for enhanced contribution to national economy.

Chairperson of the Philanthropy Office, Mrs Thelma Ekiyor-Solanke said the MoU was part of roadmap towards ensuring the office fulfill its mandate by working with relevant stakeholders.

“We are pleased to work with our first batch of partners, doing different things, so that when each person brings what they are good at we get a whole.

“We hope that through this partnership we will be able to unlock skills and capacity-building  advantages.