Ekiti Govt, Bank Partner To Empower 100,000 MSMEs

Ekiti State government in partnership with Wema Bank’s ALAT initiative has concluded plans to empower about 100,000 Micro, Small and Medium Enterprises (MSMEs) through its empowerment programme.

The empowerment programme, courtesy of ALAT and Ekiti State through the Ministry of Wealth Creation and Employment, is to train and empower 100,000 youth and MSMEs operating within Ekiti State with business management, digital empowerment and finance management skills for success.

The initiative is expected to equip businesses for sustainable growth and productivity, towards boosting the state’s macroeconomic conditions.

Set to be executed through virtual and physical training sessions cutting across business management, digitalisation, and financial management, additionally providing access to mentorship support from experienced and successful entrepreneurs from within and outside Nigeria, the participants will also receive a certificate of participation upon completion of their training course.

Beyond the trainings, participants will also gain access to market and assistance in securing finances to put their learning to practice and scale their operations even as this comprehensive approach ensures that the programme not only enhances the capabilities of youth and MSMEs in Ekiti State but also facilitates their sustained growth and contribution to the economic development of Ekiti State.

Responding to the development, Ekiti State commissioner for Wealth Creation and Employment, Otunba Kayode Fasae, added that, “Our goal with this partnership with ALAT by Wema Bank is to implement a two-pronged approach that contains two missing key ingredients of wealth creation and employment generation, which are skill development and finance.”