Tag: entrepreneurs

  • CBN, Citibank, GBF reward outstanding entrepreneurs

    CBN, Citibank, GBF reward outstanding entrepreneurs

    Citibank in collaboration with Growing Businesses Foundation (GBF) and the Central Bank of Nigeria (CBN) on last week recognised excellence by Nigerian micro-entrepreneurs at the CBN Annual MSME Conference and Awards held in Abuja.

    At the awards, hosted by the CBN Governor, Mr. Godwin Emefiele, President Goodluck Ebele Jonathan also launched the N220 billion MSME Fund.

    The managing of the funds is expected to be in collaboration with the public sector, the civil society and private sector as part of achieving inclusive finance.

    The awards to deserving winners were presented by the CBN Governor in the company of Citibank Managing Director, Mr. Omar Hafeez and Dr. Ndidi Nnoli-Edozien, founder GBF.

    The awards categories include the Best Micro Business Model, Most Marketed Product, Most Innovative Product, Employment Generation, Micro entrepreneur of the year award, Best Woman Entrepreneur and Most Innovative Microfinance Institution.

    Some of the dignitaries at the 2014 Micro-Entrepreneurship Award include Governors Idris Wada of Kogi State, Willie Obiano, Anambra State Governor, Ibrahim Dankwambo, Gombe State, Godwill Akpabio, Michael Wong, Country Director World Bank, Sylvanus Ikhide, Head of Department University of Stellenbosch South Africa, Godwin Emefiele, CBN Governor, Kingsley Moghalu Deputy Governor CBN, Nicholas Okoye, Empower Nigeria, Anabel Group Inc, Omar Hafeez, Managing Director of Citibank,  among other

    The GBF has so far provided capacity building and technical assistance services to over 200,000 micro-entrepreneurs at the bottom of the pyramid (BoP) since its establishment in 1999.

     

  • MTN empowers Lagos budding entrepreneurs

    MTN empowers Lagos budding entrepreneurs

    After successful outings in Enugu and Port Harcourt, MTN, will, this weekend, provide a life-changing and career-transforming platform for budding entrepreneurs through its idea-sharing and business-empowerment platform.

    Known as MTN Link Forum, it is designed to aid young entrepreneurs achieve efficiency in their business operations in the small and medium sector of the economy.

    In a statement, the telco explained that the forum is an avenue for budding entrepreneurs to network their way to the top. MTN Link Forum does this by bringing together budding entrepreneurs and established business icons together in one location, where they share best practices and new business ideas and network with one another. The forum provides them with current knowledge required for running a successful business enterprise in today’s world.

    While emphasizing the commitment of MTN to ensuring that Nigerians are better in whatever they do, the General Manager, Consumer Marketing, MTN Nigeria, Kola Oyeyemi reiterates that the company as a truly supporting brand is committed to developing and engaging them to ‘Be Better’ in various entrepreneurial fields of human endeavour. In his words: “a strategic focus for MTN is to constantly provide an engaging and supporting platform for aspiring entrepreneurs. MTN Nigeria has continuously demonstrated this, through various values adding initiatives”.

    MTN Link Forum has hitherto, brought together notable entrepreneurs  like Mr. Victor Itayo, CEO, Quantum Business School, Port Harcourt; Mrs. Chinwe Endora, CEO, Swanu Creation, Dr. Jonathan Doerr, MD Jumia Nigeria and many others, to share their wealth of knowledge, at the earlier editions of the forum, held in Enugu and Port Harcourt.

    The MTN Link Forum is an innovative initiative that is focused on advancing the aspirations of budding entrepreneurs. It does this, by providing them with an opportunity to interact with renowned and successful Nigerian Business icons, who share with them success secrets and nuggets necessary for survival in today’s harsh business environment. The MTN Link Forum will continue in Abuja next month, while budding entrepreneurs with the best business ideas will be sponsored by MTN to attend the 2014 World Entrepreneurship Forum in Lyon France; in addition to juicy business grants worth N10 million.

  • Nurturing youth entrepreneurs

    Nurturing youth entrepreneurs

    Encouraging  entrepreneurship is important in the bid  to address alarming high youth employment rates. One of those championing is Linda Iheme, Chief Executive Officer, International Initiative for Youths Inspiration, Growth and Development.

    When unemployment figures are  published it reveals that youth unemployment remains stubbornly high.  The  harsh economic  conditions have pushed many young people into the unemployment  market.

    The only  alternative  to unemployment is for the youths to start their own businesses.

    One organisation that seeks to help young people start a business is International Initiative for Youths Inspiration, Growth and Development.

    Since starting in 2011, the organisation has been promoting  entrepreneurship among  campus  students.

    For  Linda  Iheme, 24  years old, Chief Executive Officer, International Initiative for Youths Inspiration, Growth and Development ,evidence suggests that there are high levels of potential entrepreneurship amongst young people. These high levels of entrepreneurship latent, however, are not being translated into similar number of young people setting up and running their own business.

    Her    concern   also is  that the  optimism of young people with the desire to setup a new business is not reflected in the numbers who actually go on and do so. Indeed, many who start abandon. After participating in The Study of United States Institute For Student Leaders, a programme  where she  was trained on Social Entrepreneurship by Ashoka company at University of Connecticut, she returned to Nigeria with the vision of spreading the idea of social entrepreneurship among  Nigerian Youths through motivational speeches, seminars  and coaching for those with start-ups.

    For  this reason, she  established   a non-governmental organization (NGO) dedicated to empowering, engaging, and training youth in social entrepreneurship, social media, and career development and soft skills.

    The organisation assist would- be –entrepreneurs to explore  business opportunities and  start  up something  while in  the  university.

    Currently funded by Ashoka’s Youth Venture, the  organisation  run enterprise  and employability programmes. Since launching it  in 2011,she  has  worked  with  so many   young people. For her, one of the   challenges are   young people not believing in their ideas.

    For  her, entrepreneurship is not only a form of employment but also a mindset, enabling young people to use their skills, gain autonomy and contribute to their own development or that of the community.

    Initially, it was tough. But her passion helped her   to carry on.

    With numerous events taking place,her organisation is  stirring plenty of entrepreneurial spirit.

    A new breed of entrepreneurs is emerging with a passion.

    But she  has had  a  transforming  learning experience from her  training  and interactions and want to bring more of that  mindset to young Nigerians.

    To her credit,  budding new social businesses have  come on the stage, some of whom have very big plans indeed.

    Nonetheless, there are challenges, namely the need to attract funding.

    Along the line , however,she  has  gained a lot of confidence in public speaking, managing people and finance management skills.

    She  wants  more role models and successful business leaders sharing  their stories. More grant funding for young people to go and launch business and social action projects.

    She   said there  was   a need for enterprise awareness campaigns and entrepreneurship education and training really make a difference.

    She  said her  organisation  is  doing  a lot  to  promote   job  creation   activities outside of the classroom that support the entrepreneurial experience.

    There   is a partnership between her organisation and others   that   aims to foster a culture of entrepreneurship among young people and to support them through business skills training.

    She   is  currently  a youth advocate.  Her  role  involve consulting young people, meeting with decision makers, campaigning and representing young people at local, national and international forums.

    She is a current student of dentistry, University of Benin and  was  named Opportunity Desk  young person of the month of July 2014

  • Towards building agro entrepreneurs

    Towards building agro entrepreneurs

    With an ever-increasing population in Nigeria, the challenge is how to produce enough food to meet demand. Some higher institutions are addressing the challenge through agricultural projects. DANIEL ESSIET reports that this initiative will enhance food security.

    Students of agricultural science in tertiary institutions  need practical skills to be employable or or self-employed. To this end, many higher institutions are undertaking agriculture projects to  build innovative entrepreneurs across the country. One of such schools is the Federal College of Animal Health and Production Technology (FCAH&PT), Moor Plantation, Ibadan, Oyo State.

    While the school offers academic opportunities to prospective students in Animal Health and Production, it also provides a hands-on approach to course content and encourage  students to gain the practical experience required.

    To train agriculture professionals, research and community service, the school established farms of the major domestic livestock species such as beef, dairy, sheep and goats and poultry.

    The primary objective of establishing these farms, according to the institution is to support the practical teaching and service activities in the field of animal sciences. The college also  raises goats, pigs  and snails.

    Across the school, there are  a variety of campus farms that  function as demonstration centres and laboratories where students can witness and participate in animal husbandry.  From one edge, farms can be seen stretching all the way to the horizon.

    Speaking on the development, the  school’s Acting Provost, Dr Friday Nworgu  said campus farms are vital because real practical farming would help  graduates start something on their own on completion of their studies, adding that it is hard to get  youths  involved in functional agriculture if they don’t have the know-how and  skills to carry out profitable farming.

    Since the school’s strenght is   animal  husbandry, Nworgu said  the  campus farms are used for hands-on instruction in a variety of courses offered through the Department of Animal Sciences, ranging from livestock management to horse nutrition and small ruminant.

    However, the school has started to build and restock its livestock farms to stimulate entrepreneurial agriculture.

    One area the college is taking seriously is horse breeding. This is because  few people  have knowledge  of horse  breeding. Polo racing is perhaps the most glamorous and money-spinning animal sport. However, behind every champion on the race tracks lies the masterly skill of its breeding. The  college is taking  advantage of it to  raise  horse breeding entrepreneurs.

    The market is there as lots of polo clubs are emerging that need exotic horses. He said the school will train Nigerians on how to raise  horses.

    To achieve  this, the  school is  banking on the strength and capacities  of its faculty, while Ibadan has climate and geographical advantages to become a major player in this form of agriculture.

    According to him, the infrastructure is there and there is a large farm house for horses. He added that the horse facility was designed to breed high quality purebred horses. There  is  a breeding shed, an indoor arena/classroom complex, and a storage shed. There are barns on the facility that are used to quarantine new horses. This gives students the opportunity to experience all aspects of horse preparation. The mission of the breeding programme is to produce exotic breeds, combining type, conformity, and athleticism with the trainability required for use in a programme   with extensive student involvement.

    At  the end, the Acting Provost   sees a new breed of young entrepreneurs combining their love of farming and agriculture with an acquired professional business approach.

    FCAH&PT stands out today as  one higher institution with horse breeding programme in the country.

    Nworgu said the primary mission of the college horse breeding  programme is to educate the next generation of horse persons and solve industry problems through applied scientific research.

    The  philosophy is to  maintain the highest quality of livestock possible on its   farms for those purposes.

    While the students benefit, the quality of life of the residents who use the place  as a hub for  acquiring  skills towards entrepreneurship is enhanced.

    According  to him,  the  unprecedented commitment of the present government to seriously address the need for employment generation is a propitious opportunity  for  higher institutions  to implement strategies for generating full employment in the country.

    For  him,  promoting  agro entrepreneurship   will lead to higher productivity  that will unleash multiplier effect on the value chain by increasing demand for farm and non-farm products and services.

    One of the instructors, Dr Oladipo Tunbosun said the endeavour involves meticulous planning and immaculate techniques.  To this end, the school has to pay attention to proper feeding and grooming of the horses.  On the whole, he sees  countless revenue possibilities in the horse industry. Graduates of the horse programme go on to have successful careers within the equine industry focusing on areas such as training, horse farm management, and equine-related businesses.

    Generally, experts believe if higher institutions are to salvage the economy, he said a lot of efforts have to be put into agricultural entrepreneurship activities.

    One of them  is  the Project Manager, Cassava: Adding Value for Africa (C:AVA), Natural Resources Institute, University of Greenwich, United Kingdom, Dr  Kola  Adebayo.

    Stressing the importance of providing agro entrepreneurship training, Adebayo said a combination of good farming practices, and the integration of technology will make the difference in a successful farm that is able to help feed the nation. This ,he  said is  achievable  with  the  rising  trend  of  entrepreneurship  agriculture.

    A entrepreneurial  tour  of  the  Federal University of Agriculture, Abeokuta  will show farms and food-related businesses.

    Highlighted are   high quality sustainable  crop   production using  conventional farming systems, and more.

    FUNAAB  offers   facilities that are capable of   training   future agro entrepreneurs. This is obvious with a number of farming projects scattered across its campus. There are a variety of chicken breeds, developed for egg production, meat production, and/or good looks. While many breeds are adaptable to a backyard setting, certain breeds are better than others for backyard conditions.

    Other facilities include the cassava production unit, the bakery, palmwine unit, palm oil unit, cashew nut unit, pineapple plantation, college of animal science and livestock production  cattle production venture farm and the institute of food security, environment resources and agricultural research farm.

    The university engages in the training of production-oriented agricultural graduates which equips them to be job creators rather than job seekers.  To achieve this, the university entrenched farm practical curriculum in the B. Agriculture programme between 300  and 400 level.  The peak of the training is the mandatory six months exclusive farm practical year programme (FPY) at the penultimate year of the B.Agric programme which objectives are to: expose  the students to work methods, tools, techniques and practices not taught in the theory class, bringing trainees in direct contact with farm staff and local farmers to obtain first hand information on farming conditions and problems.

    The Farm Practical Year (FPY) programme afford the trainees the opportunity to “learn by doing” by undertaking practical farming activities on both crop and livestock sections of the university.

    The Federal Government recently directed that FPY programme be extended to one year from the six months it previously was.

    Addressing Stakeholders’ Workshop, at the Nigerian Institute of Social and Economic Research, Ibadan, FUNAAB Vice-Chancellor, Prof. Olusola Oyewole said  graduates were expected to be practising farming as a business venture in an exemplary and successful manner that will in turn reduce unemployment level, enhance farm production, increase food production and food security. It will also reduce food importation and improve livelihoods of farm households by invariably leading to the overall national economic growth and development.

    The don observed that these aspirations remained unfulfilled despite the establishment of the specialised Universities of Agriculture for a number of reasons that had prevented the nation from attaining its desired rapid economic development through agriculture.

    These reasons include the difficulty in getting fresh graduates to take up farming as a means of livelihood after leaving school, increasing ageing farming population, over-dependence on food importation, food price instability and political crisis.

    He said: “Agriculture and farm-related occupations remain unpopular among young people because of its inherent association with poverty, drudgery and backwardness. The undergraduate agriculture training programmes in universities have not helped matters much as it only mimics the existing methods of farming by the local populace with its practical component depending on manual labour and minimal application of modern technology.

    “The result has been declining enrollment in undergraduate agriculture programmes and the growing lack of interest in farming among youths.”

    According to him, Universities of Agriculture, by their very foundation would appear to have a covenant with the society, arguing that the covenant is to develop a cadre of young, dynamic modern farmers that would develop innovative practices in agriculture, the economy, reduce poverty and bring about sustainable development of the sector. He lamented that this covenant with the society has largely remained unfulfilled.

    Despite of the challenges, he said the giant strides recorded by FUNAAB, in fostering innovation for inclusive development through its institute of food security, environmental resources and agricultural research; agricultural media resources and extension centre; students’ industrial work experience scheme/farm practical year; agro-industrial park unit; the graduate farming scheme, among others.

    The Vice-Chancellor of the Federal University of Technology, Akure (FUTA), Prof.Biyi Daramola, said poor performance of the agriculture sector led to the inability to reach sustainable economic development in Nigeria.

  • ‘Why more women should be social entrepreneurs’

    ‘Why more women should be social entrepreneurs’

    Dr. Unoma Okoroafor, a computer engineer by profession, is also founder and Chief Executive Officer, Working to Advance Science and Technology Education for African Woman (WAAW), an organisation which empowers African women by building their skills  in the area of science and technology with a view to making them self-reliant. In this interview with Ibrahim Apekhade Yusuf, she shares her experience working with women across the West African sub-region. 

    What is the main driving spirit for the programmes initiated by your organisation?

    I’m very passionate about promoting female education because we all know that if you empower a girl, that you actually empower a community; if you educate a girl, you educate a nation. Girls are the ones, when they are educated, they make sure that their own children and the generations to come are educated. They make sure that it trickles down into the community and they serve their community. So, am really passionate about this; also because I myself am a woman. When I was studying engineering, it was difficult for me because I was really the only woman in a lot of circles. So I want to make sure that more women come on board in engineering so that it’s not lonely for women, and there is more participation that people know that women can do sciences just as well, if not better than the boys.

    Since the inception of your organisation, how many people have you empowered thus far?

    WAAW Foundation started in 2007 when I was still a student, so it has grown very slowly. Last year alone, we impacted about 6000 girls all across Africa. WAAW foundation has cells now in nine different African countries including South Africa, Malawi, Kenya, Nigeria, Ghana, Togo and Cameroun; and we are looking to even expand it to more countries to impact more girls. Because part of what WAAW Foundation does is that we really encourage girls, if we impact you, then you have to turn around and impact other girls. It’s not just for themselves, when we help somebody the way they pay us back is that they turn around and help other people coming back. It’s important that we Africans understand that we are the ones to help ourselves because nobody else is coming to help us. It’s Africans that need to look down and see who is coming up and see how we can help each other and education is the key. Education is what empowers people, and technology is the fastest way to make our economy grow.

    Without technology, we are really going to continually be an emerging economy. If we want to participate in the global economy of the world, we have to decide to jump in and start participating in technology, not just using it, creating it, innovating it and using it; that’s important.

    How do you source for funds?

    We are constantly looking for funding. As you can imagine, we are a non-profit organisation, so we are constantly looking at especially corporate donations from organisations which are involved in technology, either by using it or creating it. So, a lot of our funding actually comes from the US, but now we have started to get some funding even in Africa, in Nigeria. And we are looking more into our economy because our message is that we are the ones to help ourselves; we have enough of what it takes to really fund ourselves. So, we are really looking at companies in our community in Nigeria that really are interested in promoting technology to be the ones to start sponsoring us because it’s in line with our message that we need to help ourselves.

     Let’s look at the selection process. How do you source for these girls; how are they selected?

    The girls that we really reach out to are public school girls, government school girls. Girls, who otherwise would never have seen this kind of opportunity because they can’t afford it. We take our resources and we give all of them scholarships. We actually try to partner with the Ministries of Education or agencies of science and technology, like the Lagos State Ministry of Education. They give us access into the government schools; we actually go there and we tell them our programme. We have a way of selecting them, we let them write essays. Sometimes we do selection process where they do a screening exam, and we pick out the girls that we think they have the most potential to go back and impact their community. Because we can’t train everybody, we want to train the people that when we train them, they themselves would be the ones to go back and train the others. So that’s how we select them. Our girls are between the ages of 13 and 17, between JSS 3 and SS 2 because we feel that’s the age at which they are paying attention. They can change their mind in which career, if they understand that science is fun, those are the ages when we capture them, so that’s kind of how we select our girls.

    How do you ensure continuity of their studies?

    Part of what we do is we actually create a community. By the end of the week, we have helped all of them to create email accounts and we connect them. We have a Google plus community where we stay in touch with all of them, and we want to make it available to them. We are always there listening to their problems and helping them solve their problems. For example, you saw two of our ex-students who came; the reason they came is because we are in touch with them, we stay in touch with them, we stay in touch with their parents, we want to know when they get into the university. If they have problems paying their school fees we are there to help them. We are not just doing it and leaving them, we want to constantly be there encouraging them, telling them they can do it.

    Does the programme comprise both public and private school girls?

    Yes, we have only four private school students, but mostly we do it for the public school students, and the public students come 100% free. We provide scholarships and everything for them.

    How many states do you have WAAW Foundation in Nigeria; do you have participants from other states?

    Yes, we have students from Anambra and Port Harcourt in this camp. They travelled from Port Harcourt and Anambra to come here. Hopefully, we are working to make it more diverse; we are looking to have more and more participants.

    Having achieved so much from empowering these girls, what are some of the challenges your organisation encountered apart from funding?

    So many. Part of the challenges we encountered is that people haven’t understood the importance of what we are doing; we need to educate and sensitise people more. Sometimes when we talk about our programme, they haven’t really understood the importance of educating girls, they say why only girls, why is this different from any other organisation? This is the second year we are doing it, so we are still in the process of proving that our programme is not like any other programme anywhere around the country. We are doing something unique and we are really empowering those girls. So, part of the challenges is educating people and letting them know that a programme like this exists. Part of the challenges we faced is support from the parents and from schools in particular. You were asking about recruiting; we have had a major challenge recruiting girls. Many times when we go to the ministry, they say they can’t give us access to their girls or to their teachers. So, sometimes we stand at the gate; we just hang out flyers and we just tell them. A lot of people don’t know about it because the government has not really come out to support us.

    So, a lot of these we are doing them as best as we can. If we had a lot of support from the ministry, from the government, not even just financial support but, ‘here is our school, here is our principal go and talk about your programme,’ am sure that we will get so many more participants. We are looking for support in terms of location. We are constantly running around. Where do we host this camp? And sometimes it doesn’t work out. If we have more space, even a government school or a university who would give us their space, their classrooms, we can do much more and accommodate so much more girls. So these are some of the challenges that we face too.

     

  • Female entrepreneurs charting a new future

    Female entrepreneurs charting a new future

    A group of female entrepreneurs under the umbrella of the Association of Women in Business network have been looking at ways to make access to credit easy for women all over the country.

    At a recent forum which took place at NECA house, Lagos the Coordinator of the project Titilola Adisa talked about the activities of the organization and how it had reached out to stakeholders in the past few months in order to chart a new future for female entrepreneurs.

    Also speaking at the forum was Toki Mabogunje who took time to give graphic details of the hurdles women face trying to get loans and other credit facilities. She also talked about how the women can convert these challenges to opportunities and make life easy for female entrepreneurs.

    Others speakers include Mrs. Omowunmi Omotosho,Country director of CIPE,  Mrs. Fayo Williams of NNEW and Chief Mrs. Bisi Ogunleye of the Country Women Association  of Nigeria (COWAN).

    Apart from the speakers participants also took time to identify some of the challenges they face while trying to access credit from banks and other financial institutions across the country.

    The women therefore called on the Federal government to, “put in place gender friendly policies and low interest rates for SME’s that are owned by women. This should be enacted in the constitution as well as a special policy to encourage female farmers”, Adisa says.

    She adds that: “Government policies should be reviewed periodically and regular update of SME policies should be communicated to stakeholders. This can be done with proper information dissemination. We also believe that there is a need to introduce long term loans because most of the projects are long term. It would also be good for our government to look at multiple taxation”.

    The participants at the events took a look at what financial institutions could do to make a difference. “There must be gender friendly criteria for women to access the loans. In addition the banks need to make all the terms and conditions known from the onset. It is also important for them to make use of the existing association as guarantors”.

  • LCCI mentors young entrepreneurs

    The Lagos Chamber of  Commerce and Industry (LCCI) has registered 25 mentees for its 2014 mentoring programme. The mentees are young entrepreneurs drawn from various sectors of the economy.

    Speaking at the opening in Lagos, Vice President/Chairman, Board of Business Education, Services and Training (BEST) Unit of the Chamber, Mrs. Toki Mabogunje described the programme as part of interventions from the Lagos Chamber of Commerce “to truly position our young entrepreneurs for business success now and in the future”.

    She recalled that graduates of last year’s maiden edition had improved in their businesses, advising the new intakes to network with their predecessors for enhanced performance.

    LCCI President, Alhaji Remi Bello, who was represented by Council member, Mrs. Victoria Onafowokan-Obadina, said the programme was aimed at developing youths and making them responsible not only to themselves, but also to their families and the nation. While congratulating the mentees, he urged Nigerians to support the initiative so as to guarantee a great future for the country.

    The six-month programme,  organised in conjunction with the Kudirat Initiative for Democracy (KIND), according to the Director-General of the Chamber, Mr. Muda Yusuf, is a means of investing in future business leaders, thereby creating a  way out of the lingering unemployment challenges in the nation.

     

  • Lagos to honour entrepreneurs

    The Lagos State Government is set to mark this year’s Enterprise Day by honouring 10 successful entrepreneurs from different parts of the country.

    Executive Secretary, Lagos State Technical and Vocational Education Board, Mr. Olawumi Gasper, who disclosed this to reporters yesterday, said the initiative was “to promote networking of successful entrepreneurs with young aspiring entrepreneurs from the technical colleges in a one-day open interactive forum.

    He added that the second edition, which will hold on July 23 at NECA House in Ikeja, is devoted “to celebrating legacies and promote immense opportunities in youth-led businesses and other entrepreneurial pursuits.”

    “Among the honourees will be “game changers” such as Simzu Shagaya, Ibukun Awosika and Fola Adeola who have narrowed the gap between Nigeria and the global market in their various industrial sub-sectors,” he said.

  • Lagos to honour entrepreneurs

    The Lagos State Government is set to mark this year’s Enterprise Day by honouring 10 successful entrepreneurs from different parts of the country.

    Executive Secretary, Lagos State Technical and Vocational Education Board, Mr. Olawumi Gasper, who disclosed this to reporters yesterday, said the initiative was “to promote networking of successful entrepreneurs with young aspiring entrepreneurs from the technical colleges in a one-day open interactive forum.

    He added that the second edition, which will hold on July 23 at NECA House in Ikeja, is devoted “to celebrating legacies and promote immense opportunities in youth-led businesses and other entrepreneurial pursuits.”

    “Among the honourees will be “game changers” such as Simzu Shagaya, Ibukun Awosika and Fola Adeola who have narrowed the gap between Nigeria and the global market in their various industrial sub-sectors,” he said.

  • Day Branson shared business tips with Nigerian entrepreneurs

    Day Branson shared business tips with Nigerian entrepreneurs

    Two of Nigeria’s brightest young entrepreneurs who won the winning a competition by British Council and Virgin Atlantic in partnership with Zenith Bank had the opportunity of gracing a business master class from Sir Richard Branson recently.

    Eseoghene Ise Odiete and Nasir Abdulqadir Yammama won the Enterprise Challenge – an online competition for Nigerians entrepreneurs aged 18-35 and living in Nigeria or studying in the UK. The Apprentice-style competition took place over three rounds, during which candidates wrote an essay on their entrepreneurial journeys, created a video pitch for their businesses or business plans, and had their ideas scrutinised by a panel of experts in Nigeria and the UK.

    The mentoring session between the two winners of the enterprise challenge competition and Sir Richard Branson took place on the 1st of July in London. The session was designed so that the winners could ask about and learn from the magnate’s life and business experiences. At the end of the meeting, it turned out to be more than a mentoring session, it was a master class which everyone benefitted from.

    Sir Richard Branson, Founder and Chairman Virgin Group, said Virgin Atlantic is delighted to have supported the Enterprise Challenge program dedicated to supporting young Nigerian entrepreneurs and fostering new ideas.

    He said: “Innovation has been an important part of Virgin’s heritage and I was pleased to see so many young Nigerians keen to embrace new ideas through the competition. Many congratulations to Ese and Nasir who had fantastic business plans and I’m sure will have very bright futures.”

    Eseoghene Ise Odiete runs Hesey Designs – an online store selling African-inspired accessories, which also helps to empower and mentor other young African women. She said: “It was an awesome experience meeting and learning from Richard Branson; one that will change my life and business and take it to a whole new level. I am super grateful for the opportunity.”

    Nasir Abdulqadir Yammama, a postgraduate student at Middlesex University in London, won with a business plan for a mobile phone app called Verdant to help crop farmers.

    He said: “The Enterprise Challenge has been a remarkable competition which I thoroughly enjoyed. I believe it has not only developed my skills but exposed me to a whole new way of looking at  things from writing to pitching and presentation. Also, the calibre of people I have been able to interact and network with is the absolute thing every aspiring entrepreneur and innovator wishes to associate with. And Meeting Sir Richard Branson was a priceless opportunity that I will continue to value immensely. I have been able to acquire so much wisdom and inspiration that I feel ready and bound to exceed all expectation.”