Economic Hardship: Fr. Mbaka Lauds FeeFund, Says Initiative Timely

Spiritual Director of Adoration Ministry in Enugu, Reverend Father Ejike Mbaka, has expressed concern over the prevailing economic situation of the country even as he lauded the launch of Fund-Yes Entrepreneurship Enhancement Fund (FeeFund) to ameliorate the situation.

FeeFund is an initiative of FUND-YES Cooperative, a non-bank financial investment and wealth creation cooperative business society of youths, women and financial investors, established by a social entrepreneur, Kennedy Iyere.

Speaking in Enugu, Mbaka lamented the high unemployment rate among the youths, describing it as worrisome and calling for an urgent measure to tackle the menace.

He noted that insecurity would fester if key social problems in the country were not addressed, noting that the current situation has made it important to encourage and support women to embrace entrepreneurship.

Fr. Mbaka described entrepreneurship as a viable tool to tackle youth unemployment and, therefore, called for an entrepreneurship revolution among Nigerian youths.

While commending Iyere and the partners of FeeFund, Mbaka expressed optimism that it would help to provide business financing and enterprise development assistance for youths and women entrepreneurs.

The cleric said: “This is the time to create mass employment through entrepreneurship and take millions of youths, women and families out of poverty, hunger and economic hardship.

“FeeFund is coming at a time Nigerians need it the most. It is important to address the country’s ongoing problem of economic hardship. This is why I have endorsed FeeFund. This is the way to go if we must create jobs for our youths and women.”