The Chief Executive Officer of Ughoron Group of Companies and convener of the proposed Benin Investors Conference, Imasuen Izoduwa, has unveiled plans for a community-driven investment initiative projected to generate over N7 billion annually through small daily contributions from Benin indigenes.
Speaking during an interview ahead of the conference, Izoduwa said the initiative, known as the Benin Trust Fund, was designed as a long-term socio-economic platform to mobilise collective wealth for entrepreneurship development, scholarships, skills acquisition and community-based investments across Edo South Senatorial District.
According to him, the digital funding model will allow contributors to remit between N50 and N500 daily through a dedicated mobile application, with the resources to be professionally managed under a transparency-focused structure.
He explained that if 200,000 contributors commit N100 daily, the initiative could generate about N20 million per day and approximately N7.3 billion annually.
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“The idea is built on the power of collective contribution. A small amount from a large number of people can create enormous economic value,” Izoduwa said.
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He added that the fund would be administered by trusted professionals and experienced business leaders drawn from the seven local government areas in Edo South Senatorial District to ensure accountability and credibility.
According to him, transparency remains central to the initiative, particularly in attracting confidence from Benin indigenes in the diaspora who may be willing to participate in the scheme.
“That is why we intend to appoint
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