Nexford University (NXU), and Africa’s Young Entrepreneurs (AYE), a network with more than 12 million members, have announced a new partnership that would equip Nigerians with skills needed to grow and sustain successful startups.
The partnership, which has been described as pioneering and the first of its kind in Africa, will offer 11 full scholarships for learners to study MBA and Bachelor of Business Administration (BBA) degrees as part of the university’s founding cohort of learners, NexFirst.
President of AYE, Mr Summy Smart Francis, announced the beneficiaries of Africa’s Young Entrepreneurship Scholarship Scheme at AYE’s Annual Convention held in Lagos.
Speaking during the event, Francis said that just as they are dedicated to developing the next generation of outstanding African entrepreneurs, Nexford is also creating a next-generation learning experience that would positively impact millions of lives around the world.
“We hope our pioneering partnership will shape the economies and political landscapes of members’ home countries.” he added.
Also speaking during the event, chief executive officer of Nexford University, Fadl Al Tarzi, stressed that the partnership was the first of its kind in Africa.
“Nigeria faces a major unemployment challenge, small to medium enterprises can play a major role in addressing this. Organisations such as AYE are a catalyst to advancing the local entrepreneurship ecosystem. We hope through bringing quality, affordable education to Nigeria, we will also play a role in improving living standards and creating jobs. With a strong knowledge economy, Africa can leapfrog its way into the future.”
He further disclosed that Nexford enables greater social and economic mobility across the world by providing learners with access to high-quality, dynamic education that prepares them for the global workplace.
“The members will sharpen their entrepreneurial skills through project-based simulations, interactive, AI learning, and local African business case studies.
“In January 2019, the university will offer the following degrees and certificates: Associate of Applied Science (AAS) in Business, BBA, MBA, nine undergraduate and three graduate certificates in the field of business: registrations have commenced. It will also offer a range of specialisations to match high-growth employment areas such as Data Science, Sustainable Energy, and Artificial intelligence.”
The convention was attended by renowned Nigerian businesswoman, Folorunsho Alakija, Sahara Group’s Tonye Cole, and record producer and entrepreneur, Don Jazzy and Nexford’s Country Ambassador for Nigeria, Olamidun Majekodunmi.
It was also revealed at the convention that Mr Francis President of AYE will also participate as one of Nexford University first BBA learners.
NXU is licensed by the Higher Education Licensure Commission, in Washington, D.C, and is on a mission to be the largest, most affordable American university in the world. The university is now accepting registration from learners in Nigeria as well as markets such as the US, the Philippines and Egypt.