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Group Plans N5bn Grants For Youths



The Entrepreneurship and Empowerment Initiative of Nigeria (TEEIN) has said it is raising about N5billion research and business grants for young scholars and about 2,500 unemployed young Nigerians. Addressing a press conference in Lagos on its forthcoming Youth Entrepreneurial and Empowerment Summit tagged ‘Power Youth: Creating Wealth Through Entrepreneurship’, TEEIN President, Bola Adeboye, said empowering over 33 million unemployed young people in the country with grants remains the best way of tackling increasing unemployment in Nigeria.

He said many entrepreneurs lack startup capital after acquiring required skills and training to be self-reliant“Many people cannot hit the street after getting several entrepreneurship trainings because of lack of empowerment. Our group will empower over 2,500 youths with grants of N600, 000 and above in the next five years. Nigerians are not lazy, they only need to be properly empowered with funding and mentorship,” Adeboye said.He added that the initiative was established in line with the United Nations’ Millennium Development Goals Sustainable Action Plan, to champion youth entrepreneurship skill development, promote rural women empowerment, improve community healthcare delivery and support the entrepreneurial education of the Nigerian child, saying “every rich man in Nigeria must come together to build this nation.”
Adeboye added that TEEIN Nigeria is committed to solving the nation’s socio-economic challenges through entrepreneurship programmes capable of taking Nigeria and the entire continent to the next level of industrialisation and economic development.

For his part, the director of University of Lagos (UNILAG) Entreprenurship and Skills Development Centre, Dr Sunday Adebisi, in his remarks disclosed that creating employment and empowerment of the unemployed youths are the right ways to fight societal ills since there are over 33.3 million youths who are unemployed in the country.
“Every year, we keep producing graduates in various fields who have acquired knowledge extensively over a period of time. It is noteworthy that if these youths are not productively engaged, these knowledge acquired will be transformed to perpetrate crime in our society,” Adebisi noted.The event, which is organised in collaboration with the University of Lagos and Kwara State University, Malete has been slated for Monday, October 1, 2018 at the multi-purpose hall of the University of Lagos.According to the organisers, “the summit promises to be a convergence of young and emerging entrepreneurs, seasoned business practitioners, academicians, researchers and government policy makers in the field of entrepreneurship development with about 2,500 participants expected to attend the summit at no cost.”





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