Studio 189’s show on the catwalk during last week’s Lagos Fashion Week. LFW
Lagos Fashion Week has announced a 500 million naira ($1.2 million) relief grant to support 30 Nigerian fashion brands, part of a larger government program to ease the impact of Covid-19 on Nigerian businesses while also increasing the country’s export capacity.
“Fundraising for designers on the continent can be an arduous task,” said Omoyemi Akerele, founder of Lagos Fashion Week, which wrapped its latest edition Oct. 30. “Traditional lending models have stringent requirements, and most brands are not necessarily ready to go down the equity route. I believe the Export Expansion Facility grant facilitated by the Nigeria Export Promotion Council [NEPC] will help strengthen the selected beneficiaries’ access to market strategy for the next season,” she added.
According to Akerele, the beneficiaries of the grant, whose names have not yet been made public, have been selected from