SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home News

112 youths to benefit from $250,000 ‘Ugwumba Centre’ startup program

Blessing Osazuwa by Blessing Osazuwa
April 21, 2021
in News
0
112 youths to benefit from $250,000 ‘Ugwumba Centre’ startup program
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

No fewer 112 Nigerian youths who are growing startups in different sectors of the economy, including renewable energy, waste recycling, agric technology, information technology, health technology, have been selected to benefit from the $200,000 Ugwumba Startups Development Program powered by InnoPower Indy, USA.

Join our communityJoin our communityJoin our community

Highlighting the programme, the Executive Director of the Center, Remy Chukwunyere, stated that InnoPower Indy, USA entered into a partnership with the Ugwumba Center for Leadership Development in Africa “to build a more equitable entrepreneurial ecosystem in Nigeria”.

According to him, “as agreed by both parties, the partnership will help young entrepreneurs in Africa create jobs and economic opportunities by providing them greater access to education, capital, and business support services”.

He said the collaboration is in response to the youth unemployment crisis “that has become the most significant development challenge in Africa. By 2035, the International Monetary Fund estimates that the number of Africans joining the working-age population will exceed the rest of the world combined. To fill this surge, 18 million new jobs will have to be created each year for the next 20 years across the sub-Saharan African region”.

Chukwunyere stressed further that, “the population of Nigeria is over 200.96 million, making it the most populated country in Africa with a median age of 18.4 years, which means that over 70% of the population are youths.

“Reliable data from the National Bureau of Statistics revealed that more than 60% of Nigeria’s working-age population is younger than 34. Unemployment for people aged 15 to 24 stood at 53.4% in the fourth quarter of 2020, and at 37.2% for people aged 25 to 34. The jobless rate for women was 35.2% compared with 31.8% for men.

“According to the UN, Nigeria is expected to be the world’s third most-populous country by 2050, with over 300 million people. This implies that the number of people looking for jobs will keep rising as population growth continues to outpace output expansion.

“As outrageous as the above sounds, there is still hope if the Government and other stakeholders are determined to cause a change in the system. Micro, Small and Medium Enterprises in Nigeria contribute over 76% of the nation’s Gross Domestic Product (GDP) according to a report released by the Small and Medium Enterprises Development Agency. The report equally revealed that about 30 million small businesses are operating in Nigeria.

“To reduce the impacts of the high unemployment rate and populaiton explosion on the economy, there is an urgent need to raise and support young entrepreneurs in Nigeria, who shall begin to create jobs for themselves and for other youths as well as contribute to the GDP of the country.

“That was why the Ugwumba Leadership Center launched the annual Ugwumba Enterprise Challenge, which is a business pitching and grant competition that supports young entrepreneurs and innovators in Nigeria in 2018. Therefore, to advance the impacts of the Ugwumba Enterprise Challenge over the years, our partners at InnoPower USA developed the Ugwumba Startups Program, to leverage on the “business model canvas and lean launchpad” to provide skill development for young entrepreneurs in Nigeria”.

He disclosed further that, “the Ugwumba Startups Program shall feature four weeks of intensive and interactive virtual training sessions on important business development concepts, such as: The Startup Ecosystem; Creating a Market; Crafting the MVP; Managing the Money; Marketing and Branding; etc to be facilitated by US based University Professors and business development experts, namely: Emil Ekiyor, CEO, InnoPower Indy, USA, Dr. Joe Albano, CEO Logika International, USA, Prof. Kristin Burton, Professor of Entrepreneurship, Purdue University, Northwest.

“Prof. Stephanie Fernhaber, Professor of Entrepreneurship, Butler University, USA , Prof. Dileep Rao, Clinical Professor, Florida International University, USA, Phoenix Jackson, Founder of Phoenix Affect, USA and Jason Williams, MD, The Society of Innovators, Purdue University, Northwest.

“As earlier indicated, 112 Nigerian youths from across the 36 States and FCT are benefiting from this business development program that will create more jobs and contribute to the growth of the Nigerian economy”.

This article first appeared on Guardian Nigeria, April 21, 2021

 

Tags: InnoPowerRemy ChukwunyereYoung Entrepreneurs
Previous Post

11 Lucrative Business Ideas for 2021

Next Post

5 Powerful Ways To Boost Your Self-confidence

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Related Posts

Polaris Bank Partner NYSC, NerdzFactory To Equip Youths With Business, Digital Skills
News

Polaris Bank Partner NYSC, NerdzFactory To Equip Youths With Business, Digital Skills

by Blessing Osazuwa
January 18, 2023
0

Polaris Bank has partnered the National Youth Service Corps (NYSC) and NerdzFactory to commence a high-impact capacity-building workshop on digital...

Read more
APM Terminal wins HSE awards for safety
News

And the Nigeria Ports Authority Award for Safety Goes to APM Terminals Apapa

by Blessing Osazuwa
January 12, 2023
0

The Nigeria Ports Authority (NPA) has awarded APM Terminals Apapa for its best practices in the area of Health, Safety...

Read more
Trending News

TEF Entrepreneurship Programme 2023 open to applications

by Ruth Okwumbu-Imafidon
January 5, 2023
0

The Tony Elumelu Foundation Entrepreneurship Programme 2023 is now open to receive applications. The programme is open to Africans from...

Read more
How Panaramic founders grew a business out of cartooning Nigeria’s history
Brand Insights

How Panaramic founders grew a business out of cartooning Nigeria’s history

by Ruth Okwumbu-Imafidon
January 3, 2023
0

Many Nigerian millennials grew up reading comic books watching tv animation shows that featured toon characters that looked nothing like...

Read more
76 % of African exports rejected annually due to poor quality – Professor Oramah
Trending News

Fuel supply crisis to end soon – IPMAN

by Ruth Okwumbu-Imafidon
December 29, 2022
0

The President of the Independent Petroleum Association of Nigeria, IPMAN, Mr. Chinedu Okoronkwo, has assured that once all independent marketers...

Read more
76 % of African exports rejected annually due to poor quality – Professor Oramah
Trending News

76 % of African exports rejected annually due to poor quality – Professor Oramah

by Ruth Okwumbu-Imafidon
December 29, 2022
0

President and Chairman of the Board of Trustees (BoT) African Export–Import Bank, Afrixembank, Prof. Benedict Oramah, has said that about...

Read more
Lekki Port ready for commercial operations
Trending News

Lekki Port ready for commercial operations

by Ruth Okwumbu-Imafidon
December 22, 2022
0

Managing Director of the Lekki Port LFTZ Enterprise Limited, LPLEL, Mr. Du Ruogang has said that newly completed Lekki Deep...

Read more
Load More
Next Post
5 Powerful Ways To Boost Your Self-confidence

5 Powerful Ways To Boost Your Self-confidence

Please login to join discussion

Recent News

Revive Your Entrepreneur Mindset: 6 Weekly Habits for Go-Getter Success

Revive Your Entrepreneur Mindset: 6 Weekly Habits for Go-Getter Success

January 30, 2023
5 Key Takeaways from Spotify's Business Model: How Small Business Owners Can Increase Success and Build a Sustainable, Profitable Business

5 Key Takeaways from Spotify’s Business Model: How Small Business Owners Can Increase Success and Build a Sustainable, Profitable Business

January 26, 2023
Borrowing From Friends & Family Made Easy With These Four Steps

Borrowing From Friends & Family Made Easy With These Four Steps

January 26, 2023
Business ideas that Nigerians could develop that will appeal to both local and international customers

Business ideas that Nigerians could develop that will appeal to both local and international customers

January 25, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur