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.
- +Benin trust fund targets N7bn annual pool through daily micro-contributions
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.
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.
“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.
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 credible non-political professionals with strong business track records to oversee the fund. The management structure will be built around accountability, competence and integrity,” he stated.
Izoduwa noted that the Benin Trust Fund was one of three major initiatives expected to emerge from the Benin Investors Conference, a proposed socio-economic gathering aimed at promoting investment, mentorship and entrepreneurship among Benin people.
The other initiatives include the Benin Film Enterprise, which seeks to stimulate investment in the entertainment and creative sector, and the Benin Entrepreneurship and Mentorship School designed to address youth development and entrepreneurial capacity gaps.
He described the conference as the beginning of a broader economic movement anchored on what he termed the “Benin First Philosophy,” which encourages greater economic collaboration and circulation of wealth within the Benin community.
The conference, expected to hold in December, will feature investment sessions, mentorship engagements, business networking opportunities and pitch presentations for young entrepreneurs seeking funding from investors and diaspora stakeholders.
Izoduwa said the overall objective is to create a sustainable economic ecosystem capable of empowering future generations and strengthening the economic influence of Benin people globally.
