Ajirioghene Imah
…targets 1 million Youths, 500,000 MSMEs with grants, digital training
The Federal Government of Nigeria has announced plans to partner with Wema Bank, a leading financial institution in Nigeria to set up Small and Medium Enterprises (MSMEs) in seven States.
This was revealed by the Director Information, Office of the Vice President, Olusola Abiola in Abuja.
According to him, the administration is committed to providing more digital jobs for young Nigerians and is set to launch a digital hub that will empower 1 million youths across the country with digital and related skills.
Abiola noted that the centres which will be known as FGN/ALAT Digital and SkillNnovation Hub will open first in Lagos and Borno States with Katsina, Cross River, Anambra, Oyo, and Kano to follow afterwards.
According to him, “The strategic objectives of the programme include: to empower young enterprenuers by providing them with tailored financial products, training and support to enable them build sustainable businesses that will support the growth of Nigeria’s economy.
“Other objectives include: supporting tech-savvy youths with keen interest in digital innovations and aspire to drive technological advancements, by providing them with financial solutions, training and access to strategic partnerships; and empowering young employees to become an integral part of the workforce in Nigeria especially those deployed through the NYSC.
“The focus is on promoting entrepreneurship, skills development and the integration of young employees in the workforce, particularly getting one million youths employed in the digital economy and upskilling SMEs who can directly add value to the country’s economy.
“In training, 1 million young adults will be trained in software engineering, product management, business analysis, cloud computing, product design, using a specialized curriculum designed for the FGN/ALAT Digital and SkillNnovation Hub.
“In mentorship, 500,000 SMEs across Nigeria will be mentored by experts while coaches will train and upskill them for business growth and quantum leap.
“Under the scheme grants will be provided under a collaborative arrangement between the Federal Government and WEMA Bank, setting aside N500 million to be given to SMEs and Techprenuers.” He said
