Ugwumba Enterprise Challenge 2022(N3Million)

ugwumba enterprise challenge for small businesses in nigeria

Ugwumba Enterprise Challenge 2022

The Ugwumba Enterprise Challenge 2022 is an idea pitching and grant competition for young entrepreneurs and innovators in Nigeria who are growing innovative startups in different sectors of the economy.

It is sector agnostic.

Organizer: Ugwumba Enterprise Centre

Deadline: 30- Sept-2022

Country: Nigeria

Age range: 18-45 years

Grand Final Venue: 13th of December, 2022 at the Sheraton Hotels, Abuja.

The Ugwumba Leadership Center is pleased to announce the 5th edition of the Ugwumba Enterprise Challenge.

Prize Information

  • 1st Prize: 1 Million Naira
  • 2nd Prize: 700,000 Naira
  • 3rd Prize: 500,000 Naira
  • 4th Prize: 300,000 Naira
  • 5th Prize: 200,000 Naira
  • Consolation Prizes: 50,000 Naira for the 6th to 10th place winners.

Eligibility Criteria

  • You are eligible to apply for this Challenge if you are a Nigerian (living in Nigeria).
  • Either male or female
  • Between 18 and 45 years of age
  • Have an idea that can be turned into a business or social enterprise.


They do not have preference for any sector of the economy, since all the sectors are important in the growth and development of the country.


Whether you are operating in agriculture, food technology, renewal energy, information technology, health technology, telecommunications, etc, you are free to apply for the competition.

Business Stage

They are interested in early startups and those whose businesses are still at the ideation stage.

The reason is because, they want to serve as angel investors to such persons whose ideas would have died with them if they do not participate in an impact investment program like the Ugwumba Enterprise Challenge 2022.


Call for Application: August 8, 2022

Close of Application: 30th of September, 2022

Boot Camp: 3 Weeks

Grand Finale: grand finale on the 13th of December, 2022 at the Sheraton Hotels, Abuja.

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Application link for Ugwumba Enterprise Challenge 2022

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Application link for Ugwumba Enterprise Challenge 2022

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