Justrite Superstore has rewarded three young entrepreneurs with over N3 million.

The Nigeria’s fast-growing supermarket supported the youth-led businesses during its maiden edition of Lodestar Business Summit held at the  Olusegun Obasanjo Presidential Library in Abeokuta, Ogun State.

The CEO of Justrite, Dr Ayodele Aderinwale stressed  the importance of entrepreneurship in developing the country’s economy.

Aderinwale said, “There is a new liberation in town; it’s only the private sectors that can create wealth.”

The winner of the competition, Ebele Ajaba was awarded N1.4m.

Ajaba, who is a food safety professional and co-founder of Mebic Organic integrated limited expressed her happiness,  adding that the fund would further boost her business.

She said, “I feel so happy. I feel overwhelmed with joy. The fact that Lodestar Business has come up with this great opportunity for young entrepreneurs like us to leverage this platform to grow. It’s a huge encouragement. I believe what we are doing at Mebic is a solution to the society.”

Also, the 1st runner up, Oluwabusolami Ogunbona, creative director at RHOE, was awarded the sum of N1m.

Oluwabusolami said her dream is to make her fashion brand grow across Africa.

She said, “We also aimed to be one of the leading manufacturers of affordable fashion product in Nigeri and in Africa.”

Chibuzo urged young entrepreneurs to be determined in developing their businesses.