CBN-EDC Southwest Commences Training of Nigerian Youths in the Youth Innovative Entrepreneurship Programme, YIEDP
|Cross section of trainees during the Youth Innovative Entrepreneurship Programme training
As part of his contribution towards the development of entrepreneurs in the country, the Central Bank of Nigeria, CBN commenced a three-day training programme for stream one applicants of its Youth Innovative Entrepreneurship Programme (YIEDP) in the South-west zone on Wednesday, 15th June, 2016.
The project is jointly implemented in the South West zone by the CBN, NYSC and Heritage Bank while the Africa Leadership Forum is the technical partner providing the capacity building component of the programme. The Youth Innovative Entrepreneurship Programme (YIEDP), an initiative of the CBN to strategically deploy resources to Nigerian youths for maximum economic development.
The beneficiaries of the programme will also enjoy a robust post-disbursement support that includes; peer networking, business development support (BDS), mentoring and attachment programmes where applicable. The programme aims to train 10,000 youths nationwide in its first phase.
Over 4,000 applicants were received by Heritage Bank Plc.
The Executive Director and Chief Executive Officer, Africa Leadership Forum, Mr Olumide Ajayi, gave more insight into the programme.
“This programme is an initiative of the Central Bank of Nigeria, NYSC and Heritage Bank in a bid to help young graduates to develop entrepreneurial skills that can help them set up businesses and also become employers of labour instead of seeking employment. It’s all a part of the job creation scheme of the present
administration to give space and opportunity to young people to begin to exercise their innate ambitions and dreams. Because we know that these young people are very talented and very innovative, what this programme is set out to do is to give them space to demonstrate and also to help the economy.”