{"id":52999,"date":"2021-10-11T20:10:05","date_gmt":"2021-10-11T19:10:05","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52999"},"modified":"2021-10-11T20:10:53","modified_gmt":"2021-10-11T19:10:53","slug":"mastercard-foundation-partners-edc-to-train-and-create-200000-jobs","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/mastercard-foundation-partners-edc-to-train-and-create-200000-jobs\/","title":{"rendered":"MasterCard Foundation Partners EDC To Train And Create 200,000 Jobs"},"content":{"rendered":"

\u2026Releases website to register<\/i><\/p>\n

In bridging unemployment gap among the youth, Mastercard Foundation in collaboration with Enterprise Development Centre (EDC), since last year has commenced training of Nigerian youths with a view to creating a minimum of 200,000 jobs in the next five years.<\/p>\n

The director, Enterprise Development Centre (EDC), Pan-Atlantic University Mr. Peter Bankole, who revealed this on Monday said that the program is to train 200,000 Nigerian youths, over a period of five years.<\/p>\n

He stated that the whole idea of this initiative is \u201c\u2026as we train and build their capacity, we will equally support them and at the end of the day, they will create at least another 200,000 jobs.\u201d<\/p>\n

Bankole said it is a free training program aims to boost employment creation and sustainable livelihoods, saying that \u201cThis program is open to all and is primarily focused on Lagos, Kano, and Kaduna states. Through this program, 40,000 young people will be supported with the resources and learning required to start, grow, and expand their businesses every year for the next five years.<\/p>\n

He said: \u201cThe program will also provide support and resources to young people who want to become employable in the creative and agricultural sectors.<\/p>\n

According to him: \u201c\u2026 the idea is that as we train them and build their capacity, we will equally support them as they create a minimum of 200,000 jobs\u2026the programme has so far been transformational. They people present today are a very small segment of over 10,000 that have already benefitted from this programme and we urge Youths who are yet to join this programme to please get on board, go on\u00a0http:\/\/reg.smetoolkit.ng\/betransformed<\/a>\u00a0and join the \u201cTransforming Nigerian programme\u201d<\/p>\n

He assured that: \u201cThis programme will transform you, help you get the knowledge and even\u00a0 more than that, we will support you to make small and big milestones in your growth plan\u2026and after that, you will also have access to funding as we already have partners to get that sorted\u2026Sterling Bank is one of our key partners and for those in Lagos we have the Lagos State Employment Trust Fund (LSETF) as well\u2026the financing will be on 9% interest rate per annum, which is very good and will only be ,made available when u have attended this programme\u2026\u201d<\/p>\n

Also, Country head of Mastercard Foundation in Nigeria, Chidinma Lawanson, said \u201cThis initiative will prepare and enable young people to pursue their aspirations and create productive livelihoods for themselves and others.\u201d<\/p>\n

She noted that \u201cWe at Mastercard Foundation, are very strong on capacity building and financial inclusion. So, we have had interventions across more than 100 countries but in 2016, when we clocked 10 years, we went through an internal strategy to come up with what we called Young Africa Works strategy, which is unlocking employment and entrepreneurship opportunities for 30 million young Africans by the year 2030.\u201d<\/p>\n

She stated that \u201cAll the indices in Nigeria shows that if you want to target the youth, age 18-35 , agriculture is a strong area for Nigeria, which create about 60 per cent work opportunities. There are a lots of value chain in the agricultural spectrum and the second space where the youths really want to be is the creative industry and they are the second largest employer of labour for youth in Nigeria.<\/p>

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\u201cWe look at partners who can implement on our behalf, because the foundation does not implement, so we look for credible partners who have the expertise to train youths. Now this transforming youth projects with EDC is for five years and we collaborate with them, with their expertise and learning modules and we can boldly say, so far, so good, with the growth and trend we have experienced.<\/p>\n

Also, executive secretary of Lagos State Employment Trust Fund (LSETF), Teju Abisoye said that Lagos State government mandate is to tackle unemployment, saying that unemployment rate is Nigeria is 40 per cent and Lagos alone has 7.14 per cent, which was estimated to over seven million people to be out of job,<\/p>\n

She noted that this calls for urgent attention, saying that \u201cOur job is how do we strategically deal with unemployment issues and tackle poverty, and we have been doing a lot on this in reducing unemployment rate.\u201d<\/p>\n

\u201cWe will continue to represent a credible pipeline of people that can get access to funding and see how we can create a program or a process that is much faster. So as soon as you are done with your program, the funding is almost automatic, as long as you bring the required processes required.\u201d<\/p>\n

According to her, the grant ranges from N50,000 to N5 million depending on the nature of the business. \u201cWe are excited about this initiative, supporting businesses in the next five years for resident and those based in Lagos state is very exciting to us.\u201d<\/p>\n

The deputy director, Programmes, NYSC Skill Acquisition and Entrepreneurship Development (SAED), Mrs Rachel Idaewor stated that NYSC entered into skill acquisition and entrepreneurship development in 2012 because \u201cWe realized that there was a need for a skill acquisition and entrepreneurship department\u2026When we started, we have partnerships with various organisations. EDC approached us in 2020 and it has been a transforming programme and we are positive that this partnership will enable Corp members to have access to first class training in entrepreneurship,\u201d she said.<\/p>\n

Mastercard Foundation and the Enterprise Development Centre (EDC) launched the Transforming Nigerian Youths program in 2020 and applications are open for young Nigerians, especially women within the age range of 18 to 35.<\/p>\n

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DSC 9676; L-R, Beneficiaries Of Transformation of Nigerian Youths, Tobi Aminu, ( Nouvelle Foods) Amanda Omiachi, (ACHE Footwear), Director Enterprise Development Center, of PAN Atlantic University, Peter Bamkole, Roseline Adebayo, ( Flourish Land Entertainment) Rebecca Jan, (Becky James Fashion World) at the Media Briefing on Transforming Nigerian Youths organised by Enterprise Development Center (EDC) and Master Card Foundation in Lagos on Monday 11th October 2021,<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

bridging unemployment gap among the youth, Mastercard Foundation in collaboration with Enterprise Development Centre (EDC), since last year has commenced training of Nigerian youths with a view to creating a minimum of 200,000 jobs in the next five years.<\/p>\n","protected":false},"author":6,"featured_media":53000,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[],"coauthors":[2391],"class_list":["post-52999","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news"],"yoast_head":"\nMasterCard Foundation Partners EDC To Train And Create 200,000 Jobs - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/mastercard-foundation-partners-edc-to-train-and-create-200000-jobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MasterCard Foundation Partners EDC To Train And Create 200,000 Jobs - 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