Wema Bank Awards N300M to Innovators at Hackaholics 7.0

Wema Bank (NGX: WEMABANK) hosted the Hackaholics 7.0 Grand Finale in Lagos, themed “Festival of the Future,” which gathered innovators, entrepreneurs, and technology leaders. The event attracted 5,329 participants across seven pitch centres, generating 1,632 ideas.

From these, 59 participants were selected, with 21 finalists chosen through a multi-stage evaluation process. Ultimately, 11 winning teams received a total of N300 million in funding.

The overall winner, Tony Niteon Nwose of Niteon, was awarded N60 million for an agricultural technology solution aimed at connecting African farmers with international buyers and financial services. This initiative underscores the challenges young entrepreneurs face in accessing resources and opportunities, emphasizing the significance of Wema Bank's platform in supporting emerging innovators and fostering solutions across various sectors, including agriculture, healthcare, and education.