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Ecobank Nigeria rewards young entrepreneurs’ innovations

By , based on Punch

Ecobank Nigeria rewards young entrepreneurs’ innovationsIllustrative image · Studio dydx Dominic · Pexels · Licence Pexels

Ecobank Nigeria held the final of its InnovateX competition in Lagos, with a prize fund of 22 million naira, and encouraged young participants to turn their ideas into practical solutions. Executive director Kola Adeleke described the initiative as a way to support projects applicable to the banking, technology and social sectors, according to Punch.

Ecobank Nigeria held the final of its InnovateX 2026 competition in Lagos, with a prize fund of 22 million naira, or about $14,000. Team Vhorde won the overall prize, according to Punch.

The competition brought together 168 teams, comprising 672 students from 90 Nigerian universities. Twenty teams from Lagos, Port Harcourt and Abuja reached the final. Kola Adeleke, Ecobank Nigeria’s executive director responsible for commercial banking and consumer banking, presented the initiative as a way to help young people turn their ideas into practical solutions, particularly in financial technology, artificial intelligence, education and digital services.

The bank also intends to support promising projects through mentoring and connections to professional resources and networks, Adeleke said at the event.

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