Tag: National Youth Service Corps

  • Ambode lauds NYSC for election role as 2,568 corps members swear oath

    Lagos State Governor Akinwunmi Ambode has praised the National Youth Service Corps (NYSC) for its roles in the success of the general elections.

    Ambode said this on Friday at the Swearing-In of 2019 Batch A corps members at the NYSC Orientation Camp in Iyana Ipaja, Lagos where he was represented by the Permanent Secretary, Ministry of Special Duties and Inter-Governmental Relations, Dr Yusuf Jimoh.

    “May I on this note specially commend the National Youth Service Corps for its invaluable role and contributions to the just concluded elections.

    “The success of the 2019 elections has further proven that the scheme is indeed an enduring legacy of its founding fathers.

    “Our political trajectory becomes more definite with the NYSC as an instrument for sustaining our democracy,” he said.

    Lagos State NYSC Coordinator, Prince Mohammed Momoh, said a total of 2,658 corps members (954 male and 1,614 females) took the oath of allegiance administered by the Chief Justice of Lagos, Justice Opeyemi Oke, represented by Justice Olabisi Akinlade of the Lagos High Court at the ceremony.

    He urged them to take the programmes of the three week orientation camp seriously, especially the entrepreneurship trainig programme aimed at preparing them for self- employment.

    “The Skill Acquisition and Entrepreneurship Development (SAED) programme has been specially designed to salvage the deepening threat of unemployment in our country.

    “I therefore encourage you to go the extra mile to participate in the programme in order to derive the maximum benefits and position yourself as an entrepreneur ready to take the many business opportunities out there. Remember the race for excellence has no finish line,” he said.

  • My experience in Germany as a foreign student

    With a Masters Degree from a German university, Kester Audu could have stayed put in the European country, like many of his contemporaries are wont to do, but he chose to return home, albeit under a programme jointly implemented by the Centre for International Migration (CIM) GIZ and the Federal Employment Agency of Germany. He speaks with Dorcas Egede on the attraction and challenges of living and studying abroad, and why he chose to return.

    Unlike many young Nigerians who travel abroad to escape the hardship in their country, Kester Audu, a graduate of Industrial Chemistry from the Federal University of Technology, Akure, Ondo State, took the decision to go do his masters degree in Germany, more out of curiosity, and “to see what obtains on the other side of life.” And so to Germany he headed after his compulsory one-year National Youth Service Corps (NYSC).

    True to his expectation, he did see what obtains on the other side of life. Starting from the minute he stepped foot on the airport in Frankfurt, Audu realised the reason for the strong pull on young people to go abroad. “I’ve never been so burdened for Nigeria as the first time I stepped foot in Frankfurt airport. That was my first time of actually travelling outside Africa. I was amazed that human beings could build what I saw there. And for me, it became like a challenge, that if humans could build the kind of airport I saw in Frankfurt, it means we’re sleeping in Africa.” He said.

    Having been admitted into Brandenburg Technical University (BTU), Cottbus, Germany to study Environment and Resource Management, Audu soon discovered that achieving academic excellence abroad wasn’t so much a herculean task as in Nigeria. “I was able to finish my programme in a record time of about 14 months. One thing that helped me achieve that was the kind of training I had received in my Nigeria school. Unlike back home, here your lectures are flexible, you have teachers who interact with you on a personal note, you have enough time to do research works and of course lots of text books at your disposal.”

    The challenges

    Audu decided on the Diary of an international student “because of what happens to us Africans when we travel abroad. Many people feel that once they cross the border, they automatically make it in life.” But then, how realistic is this expectation considering the challenges international students face?

    While Audu admits that international students grapple with economic challenges amidst other challenges, he strongly believes that the challenges they face are more social than economic. “Most times the challenges foreign students face abroad is more social. For instance, by the time you leave here to Europe or America for your masters degree, you’re already gone past the age of students in a masters degree class because you’ve spent a lot of time working to save up to travel. Anyway, age is just in the numbers, as they say, but of course, you know that at that age, there are also a lot of things that begin to impact on what you want to do.”

    Now, you’re probably married and have kids or aged parents who probably cleared their life’s savings to make your dream to study abroad come true; maybe you even loaned the money to study abroad. Whatever the case, Audu says these things add up in no small way to the burden of international students. “Your counterparts in Europe, America and even China, don’t face that kind of pressure. And these impact on your quality of life and global competitiveness in the long run.”

    Another social challenge which Audu observed foreign students face is in association. “When you travel abroad, the first set of people you meet shape your mentality, they shape how you see the society.”

    He was fortunate to meet people who nudged him towards starting early to achieve his set goals. However, not every international student is as fortunate as Audu; some of them have first contacts who wrongly colour their impression. “When you meet a black person on the way, you definitely want to associate, so those people come to you and begin to tell you things about the society. Things like, it’s hard. You will need to get your residency. You will need to get your citizenship. You have to marry a white. You have to birth a child in the society. What now happens is that, instead of our students looking to acquire the knowledge, skills and network to make them relevant, they begin a rat race for survival. This is why you can have a PhD student who has been doing his program for about five or six years; a masters students who has finished one masters program and after three years, goes back to do another one, not because he’s truly seeking for knowledge, but because he wants to extend his stay in the society.”

    Strategy is key

    Audu is therefore of the opinion that those who seek to go abroad, either for work or study, or as permanent residents, must have a strategy. “Many people travel without a plan, so when they get there, they get stuck, and it takes a lot of time, meaningful years of their lives before they find some kind of headway.”

    “I was able to do some kind of humanitarian work in Berlin; attended a lot of conferences, where I met people to improve my network. I acquired some very good skills set and became knowledgeable in the issue of sustainability that helps me look at the problem as a whole and not just in part, like many of us do. That is why we have researchers who have had breakthroughs in their researches, but don’t have the skill to communicate these breakthroughs to policy makers. They don’t even understand how policy makers think to be able to adopt that research and use it for the benefit of the society.”

    He also thinks “The excitement and expectation of people going abroad has to be put in check. Yes, the environment is better off, if you want to compare it to what we have in Africa, but it’s not a walk in the park.”

    Migration malady

    Asked what he thinks is responsible for the inordinate desire of young people to go abroad despite sad tales of migrants drowning in the Mediterranean and slavery in Libya, Audu said, “First of all, the issue of migration is not just in part; drowning in the Mediterranean Sea is only part of the story. Let me tell you some facts about migration that can put this in perspective. Currently in the world, there are 258million migrants. In 2000 we had about 173m and in 2018 alone, it has risen to 258m.”

    According to Audu, “One out of any 30 persons is a migrant, 48% of migrants are women and out of this 258m, 50m are children.” He said that one fact about migration that most international media don’t talk about is that most migrants move through safe and legal means.

    Continuing, he added: “Migration should be an engine for economic growth and entrepreneurship, anywhere. In 2017 alone, migrants spent approximately $450m in remittances to developed countries. Now, this is three times the amount spent globally on development aid.”

    Noting that a huge sum of migrants’ earnings are pumped into their host countries’ economies, Audu said, “Migrants spend 85% of their earnings in their host countries, so it’s the other 15% that they try to send back home.”

    Audu said people migrate because “they are looking for better opportunities.” He however strongly believes that if Nigerians had access to basic amenities to make them comfortable in their country, they won’t need to go anywhere. “It was shocking to me when I got to Germany and realized that many people there see Africa as a country. They don’t know much about us. What does that tell you? It’s possible for  child to be born in Germany and hasn’t visited more than four or five countries. What this portends is that where people find opportunities, fulfilment, and full expression of their liberties and rights, they may not have any cause to leave those places.

    “So, when you see young people on this side of Africa, who, maybe because they cannot afford to go through legal means like going to school and stuff like that, want to go abroad by all means, just know that they must have perceived their socio-economic conditions as very bad.

    “I say ‘perceived’ because it’s not like going through the illegal means is cheap. Many of them have savings, but they just feel that the return on their investment will be higher if they find themselves on other shores.”

    Audu attributes this belief to misinformation. “The media, what we see in the movies. Many people don’t know that there are beggars on the streets of New York, or that there are homeless people in Europe. Movies will not actually show you all that, but the fine cars and houses, and the colourful ambience.”

    One-sided narrative

    But Audu believes that the migration story is not told in a balanced manner. It is told in such a way that makes it look as if migrants cost their host countries a fortune, but they fail to talk about how robust their economies become because of migrants. “If you’re telling us about the remittances to developing countries, also tell us what goes out to developed countries because of migrants’ activities. For instance, the German policy requires that the student who wants to study there would have to have at least 8,000 Euros opened in a German account. So, imagine you have 500 students who leave Nigeria to study in Germany. Multiply 500 by 8,000 Euros, you know how much that is into their economy.”

    What the international community is doing

    “For me, another thing that strengthened my resolve to return home, which is something for which I really give credit to the German government, is that, as part of their plans towards solving some of these migration issues, they created a platform such that after you’ve studied and trained in Germany, if you choose to go back home, wherever you find yourself or whatever you want to do, they will give you certain kind of support for some period of time.

    “Now, imagine if other countries adopted that kind of strategy. Those of us who chose to return on the platform provided by the German government were few at first, but now the network has grown and we are close to 30 already.

    “The United Nations is talking about what they call the global pact for safe, orderly and regular migration. That is the new agenda of the UN and it has clear objectives to make migration safe and regular, to address the concerns the of the government and to reinforce national sovereignties, to recognise the vulnerabilities faced by migrants who travel through these irregular means, to make known the benefits of migrants to their host countries.”

    What our government can do

    To solve migration problems, Audu says the government can do a lot. “With our growing population, we have to create jobs. The government has to engage the teeming youthful population and we have to throw open the manufacturing space. We can’t make jokes about manufacturing.

    “Nigeria is one of the biggest markets for automobiles, yet how many cars do we manufacture? The manufacturing sector is a sector that can absorb people in numbers.

    “We have to develop vocational skills. Our graduates are not even well groomed for the labour market. So, vocational skill isn’t something we should take lightly.

    “Another thing we must take seriously is agriculture. Soon, the world will begin to look to Africa for food security. We have the land, the weather, the human capital. So, what the government needs to do is take care of basic things such as power, job creation, etc. and once people are engaged, they begin to find fulfilment. At least, they have the ability to feed and shelter themselves, just the basic necessities of life.

    “The health sector must be revamped. If someone is sick he should be able to have a health insurance that helps him. This is why people don’t want to return home because those basic things are catered for abroad. This is why a Nigerian will do anything to be the citizen of another country. This is why you have a lot of elites and the middle-class wanting to have their children abroad. Once those things are fixed, I’m telling you, you won’t have people thronging abroad the way they do.”

    According the young man, the government needs to brace up. They need to set up policies that make things work. They need to strengthen ties with our diasporas and tap into that network. They need to strengthen policies, health care policies, set up educational policies that achieve four important things, namely: (1) make us know more about ourselves, our family, background, history of our country and continent. Many of us don’t even know where we are from. (2) Help us study our environment, economically, politically, socially, geographically. (3) Help us identify our problems and (4) we have to develop an educational system that will help individuals to solve these problems that have been identified, because that is one thing we are lacking. We know the problems, but many lack those critical problem solving skills.”

  • ASUU, FG face-off serious threat to 2019 elections – INEC

    The ongoing strike action by members of the Academic Staff Union of Universities (ASUU) poses a serious threat to the conduct of the 2019 general election, the Independent National Electoral Commission (INEC), has said.

    INEC expressed the concern as the face off between the university teachers and the Federal Government lingers as it has hampered the recruitment of over one million ad-hoc staffers required for election duties, especially, students from Tertiary institutions.

    INEC’s National Commissioner in charge of Voter Education Committee, Barrister Festus Okoye expressed the worries on Thursday at a seminar in Abuja on the theme, “Media and Gender Sensitive Reporting of Elections.

    Okoye revealed that the Commission is presently organizing ROOT training for serving youth corps members that would be deployed as presiding officers and want to commence the ROOT training of students in the various institutions of higher learning, but the continued strike has made this impossible.

    He therefore called on ASUU and the Federal Government “to quickly and genuinely resolve the lingering impasse that has led to uncertainty in the education sector.”

    He said: “It is next to impossibility for the members of the National Youth Service Corps to provide all the ad-hoc staff needs and requirement of the Commission and over 70 per cent of the ad-hoc staff requirements in some states of the federation are drawn from students of Federal Tertiary institutions, hence the lingering strike by ASUU will no doubt have  serious  impact on the preparations for the conduct of the 2019 elections.”

    Read Also: ASUU continues reconciliation meeting with FG

    “It is important that students of Federal Tertiary institutions should and must be in school at least a month before the February 16 Presidential and National Assembly elections. They are a critical resource and their absence will have adverse effect on the ad-hoc requirements of the Independent National Electoral Commission,”Okoye said.

    Barrister Okoye also disclosed that the over 1 million staff would function as returning officers, collation officers, supervisory presiding officers, presiding officers and assistant presiding officers.

    On the role of the media in the coverage of the elections, Okoye said: “For the media to cover disseminate and report election activities in an objective and professional manner, it is imperative for INEC to constantly interact with, explain and be upfront in providing information to the media to avoid speculation , suspicion and rumor mongering especially at this critical period.”

    He said “INEC is wrapped around exclusivity and believes in the doctrine of not leaving any segment of the society in elections and providing a level playing field for all stakeholders in all stages of the electoral process.”

     

  • NYSC honours doctors who saved corps member

    For going beyond the call of duty, the Lagos State National Youth Service Corps (NYSC) has honoured two doctors deployed to serve in the Batch C Stream II which completed its orientation programme on Wednesday.

    In his speech at the closing ceremony held at the Iyana Ipaja camp, the Lagos State NYSC Coordinator Prince Mohammed Momoh told how Dr Onyedikachi Anya and Dr Olawale Ogedengbe volunteer to accompany a corps member who had a crisis to the hospital and ended up saving his life when his heart stopped in transit.

    “I want to specially commend the two corps medical doctors, Dr Anya Onyedikachi and Dr Ogedengbe Olawale, whose selfless and timely intervention saved the life of their fellow corps member who was being rushed to the hospital in our ambulance.  They voluntarily took up this assignment despite the fact that they were not on duty at the time of the incidence,” he said.

    On the trip to the Orile Agege General Hospital, Momoh said the patient had a seizure and his heart stopped.  He was resuscitated by Anya and Ogedengbe.

    The duo got letters of commendation and cash gifts, and Momoh also said they could win state/national awards at the end of their service year if they meet other conditions.

    Some other camp officials and corps members who distinguished themselves during the orientation programme were also recognised. They included: Zaccheus Olubiyi (best NYSC Camp official); Camp Commandant, Major G.E John (best non-NYSC camp official); Prisca Ekenomo (outstanding camp official); Mrs Olayinka Ogunfuwa (best platoon inspector); and Odunaiya Adeola, an officer attached to the National Civil Defence Corps.

    Corps member Adesegun Adebayo Adeosun, was recognised for his active participation in camp activities, especially being instrumental in getting some celebrities to visit the corps members in camp.

    As they continued to their places of primary assignment, Momoh warned the corps members against making unauthorised trips, especially during the yuletide.

    He said failure to keep to the rules would attract sanctions.

    In his speech, Governor Akinwunmi Ambode, represented by the Permanent Secretary, Ministry of Special Duties and Intergovernmental Affairs, Dr Yusuf Jimoh, advised the corps members to take skills acquisition and entrepreneurship development (SAED) training of the NYSC seriously so they could attract grants to start businesses.

    “Here in Lagos State, we have a standing tradition of empowering corps members who have performed exceptionally in the course of the  SAED training with loans and grants from the Lagos State Employment Trust Fund which was primarily established to empower youths to start up their businesses,” he said.

  • 98% Corps members ready for election duty, says NYSC boss

    Lagos State Coordinator of the National Youth Service Corps (NYSC), Prince Mohammed Momoh, said corps members were enthusiastic to participate in election duty.

    In an interview at the swearing-in of Batch ‘C’ Stream 2 Corps members on Monday at the Iyana Ipaja camp, Momoh said up to 98 per cent of serving corps members want to work as ad-hoc staff for the Independent National Electoral Commission (INEC) during next year’s general elections.

    He said: “From the response we are getting so far, over 98 per cent of the corps members are ready to be part of the general elections.  And INEC is also playing its role.  They have assured us of security of the corps members. We are also members of the election security committee.  We have been attending meetings with the commissioner of police and have been assured of security.”

    Momoh added that the corps members were already being trained for the elections.

    “They have started training the corps members on the use of card readers and the election process to ensure that by the time the election itself begins, they will be masters of the processes and procedures,” he said.

    He also said the security and welfare of the corps members was top priority for the NYSC.

    He said: “We are working with the commissioner of police in Lagos State and he has been very helpful in ensuring that corps members are secured in Lagos State. And you will agree with me that someone security is first and foremost his responsibility so we are also sensitising the corps members and giving them tips on personal security “.

    While in camp for the three-week orientation course, Momoh urged the corps members to be active participants in camp activities.

    “The orientation course is designed to adequately prepare you for the challenges of the national service, your roles and expectations in this national task,” he said.

    In his speech, Governor Akinwunmi Ambode who was represented by the Commissioner of Special Duties and Intergovernmental Relations, Mr Oluseye Oladejo, praised Momoh and his management team for synergising effectively with the administration to ensure that corps members deployed to Lagos State always had a worthwhile experience during their service year.

    He also said the programme presents the corps members the unique opportunity of meeting and appreciating people from another part of Nigeria, adding that they would get the opportunity of accessing mentorship and entrepreneurship skills development designed to equip them for life during and after the NYSC Service Year.

  • 98% Corps members ready for election duty, says NYSC boss

    • Assures them of security

    Lagos State Coordinator of the National Youth Service Corps (NYSC), Prince Mohammed Momoh, said corps members were enthusiastic to participate in election duty.

    In an interview at the swearing-in of Batch ‘C’ Stream 2 Corps members on Monday at the Iyana Ipaja camp, Momoh said up to 98 per cent of serving corps members want to work as ad-hoc staff for the Independent National Electoral Commission (INEC) during next year’s general elections.

    He said: “From the response we are getting so far, over 98 per cent of the corps members are ready to be part of the general elections.  And INEC is also playing its role.  They have assured us of security of the corps members.  We are also members of the election security committee.  We have been attending meetings with the commissioner of police and have been assured of security.”

    Momoh added that the corps members were already being trained for the elections.

    “They have started training the corps members on the use of card readers and the election process to ensure that by the time the election itself begins, they will be masters of the processes and procedures,” he said.

    He also said the security and welfare of the corps members was top priority for the NYSC.

    Read also: 4 INEC workers, NYSC member, 3yr-old die in accident in Kogi

    He said: “We are working with the commissioner of police in Lagos state and he has been very helpful in ensuring that corps members are secured in Lagos State. And you will agree with me that someone security is first and foremost his responsibility so we are also sensitising the corps members and giving them tips on personal security “.

    While in camp for the three-week orientation course, Momoh urged the corps members to be active participants in camp activities.

    “The orientation course is designed to adequately prepare you for the challenges of the national service, your roles and expectations in this national task,” he said.

    In his speech, Governor Akinwunmi Ambode who was represented by the Commissioner of Special Duties and Intergovernmental Relations, Mr Oluseye Oladejo praised Momoh and his management team for synergising effectively with the administration to ensure that corps members deployed to Lagos State always had a worthwhile experience during their service year.

    He also said the programme presents the corps members the unique opportunity of meeting and appreciating people from another part of Nigeria, adding that they would get the opportunity of accessing mentorship and entrepreneurship skills development designed to equip them for life during and after the NYSC Service Year.

  • NYSC DG charges corps members to sustain reading culture

    The Director General of the National Youth Service Corps (NYSC), Brig. Gen. Sulaiman Kazaure has stressed the need for corps members to sustain the habit of reading even after graduation from their various institutions of higher learning.
    Kazaure, who was in Cross River State as part of his nationwide tour to orientation camps for the ongoing 2018 Batch ‘C’, stream 1 orientation course, said this was imperative for them to continue to improve themselves.
    The DG who was represented by the Ag Director, Corps Welfare and Inspection, National Directorate, Abuja, Mr. Abdulrasheed Sanusi, who visited the NYSC permanent orientation camp, Obubra local government area urged the Corps members to always be inquisitive.
    For him, every camp activity is scheduled to imbue and communicate healthy attitudes to every Corps Member that will help them become better citizens.
    The NYSC State Coordinator, Mr. Adegoke Adewale, said the camp environment has been peaceful since it was officially opened on October 23 with a total of 2013 corps members comprising of 1021 males and 992 females.
    The State Coordinator appreciated the staff and collaborating agencies for their support so far since the commencement of the orientation course exercise.
  • Potable water: Corps member rescues village

    A National Youth Service Corps (NYSC) member serving at the Federal Capital Territory (FCT), Mr. Johnson Eseoghene, has sunk a borehole in Zhidu Village in Lugbe area of Abuja, ending the villagers’potable water challenge.

    A crowd of residents gathered at the ceremony where the project was inaugurated, praising the Corps member for the gesture.

    CAMPUSLIFE gathered that the community, for many years, had been battling lack of basic amenities, including healthcare, water and road, which increased the risk of diseases outbreak in the village due to poor sanitation.

    Johnson, who served in the community, rose to the challenge, initiating the water project to improve hygiene .

    Speaking on the reason he embarked on the project, Johnson, who is the president of Sustainable Development Goals (SDGs) Community Development Service (CDS) group, said he was disturbed by the absence of basic amenities in the community, which he said increased the villagers’ vulnerability to preventable disease.

    He noted there was nothing indicating government’s presence in Zhidu community when he was deployed to serve in the community, saying the residents were exposed to unclean water for domestic use.

    The Corps member said the project was carried out as his personal CDS. The public borehole was funded by Hope Spring Water.

    He said: “The motivation that pushed me to carry out is this borehole project in Zhidu community is the lack of safe water in the village. Women and children, especially young girls, trek long distances to get water for their families. Children have died in the community from water-related diseases. I believe that providing the borehole will go a long way to save many lives and bring more development to Zhidu community.”

    NYSC officials and members of the community praised Johnson for the initiative.

  • NYSC members drown in Bauchi river

    A National Youth Service Corps (NYSC) member serving in Bauchi, Joseph Adebayo, who went on a picnic to celebrate the end of his service year on Thursday got drowned in Gubi river in the outskirts of Bauchi metropolis.
    Bauchi State Police Command’s Public Relations Officer, DSP Kamal Datti, who confirmed the incident to the News Agency of Nigeria (NAN) on Friday, said the deceased, along with two of his colleagues, had boarded a faulty canoe, which capsized with them.
    The spokesman said two of the corps members were rescued by villagers while Adebayo got  drowned, adding that his floating corpse was recovered on Friday.
    ‎”On Thursday at about 8.30 pm the command received a report from one Mahadi  Sada, a Zonal Inspector of  NYSC, that on the same day at about 5pm, some corps members attached to Bauchi State Board of Internal Revenue  went on picnic at Gubi dam to celebrate the end of their service year.
    “Three of the corps members boarded a canoe but unfortunately, the canoe was faulty, and so water drifted into it, resulting in the canoe capsizing.
    “However, two of the corps members were rescued by villagers fishing in the Dam while one Joseph Adebayo, 26, who hails from Ogun state, got drowned and eventually died,” he said
    Datti said the corpse of the deceased was recovered on Friday at about 8am and deposited at the mortuary of  Abubakar Tafawa Balewa University Teaching Hospital, Bauchi, for medical examination, adding that investigation on the matter had commenced.(NAN)
  • Top seven funds available for Nigerian SMEs

    Below are top seven funds that are available for Nigerian SMEs this year. The general criterion for accessing these funds is the capacity to present a bankable and viable business plan. The entrepreneur should be clear on where he wants to be in the near future, and must also be able to describe the market for his or her products. These are the seven funds:

    #1. BoI Funds

    If there is anywhere Nigerian entrepreneurs can get cheap or single-digit funds (often at nine percent lending rate), it’s from the Bank of Industry (BoI). This development finance institution (DFI) has been rated by many local and international agencies as one of the best managed banks in the world.

    The BoI has a number of funds that entrepreneurs of all levels can access. First is the Graduate Entrepreneurship Fund (GEF), which is meant for serving members of the National Youth Service Corps (NYSC). Candidates are allowed to submit their business ideas, which are then reviewed by a team of experts. The NYSC members whose ideas are marketable and bankable are then selected, trained for four weeks and then given between N500,000 and N2 million.

    There are also the Cottage Agro Processing (CAP) Fund for small and medium agro processors; Nolly Fund for players in the Nollywood industry, as well as Fashion Fund for designers and other players in the fashion value chain.

    In fact, the Bank has other matching and managed funds, including a fund for the automotive industry. Through 122 business development experts, entrepreneurs can access funds easily. It is also easy to access some of the Bank’s products through its website.

    The Bank has a N5 billion fund from Africa’s richest man Aliko Dangote to finance SMEs at a single digit rate.

    #2. Tony Elumelu Fund

    Tony Elumelu Foundation has earmarked $100 million for 10,000 African entrepreneurs, broken into tranches of $10 million for 1,000 entrepreneurs every year for ten years. This will continue to be available for another seven to eight years. If you are in agriculture, fashion and design, light manufacturing, ICT, and solid minerals, among others, then apply for the on-going Tony Elumemu Fund. You may be lucky to be one of 1,000 entrepreneurs to be shortlisted.

    #3. GroFin Fund

    GroFin, a development financier, has committed over $500 million to funding Nigerian micro, small and medium businesses (MSMEs) across the country.

    The firm has five different types of funds: the Aspire Nigeria Fund, the Growth Africa Fund, the Small Growing Business Fund, the Aspire Small Business Fund and the Aspire Growth Fund.

    The Aspire Nigeria Fund, the Growth Africa Fund and the Small Growing Business Fund cater for all parts of Nigeria except the Niger Delta. The Aspire Small Business Fund provides a minimum of $100,000 and a maximum of $1.5 million to SMEs in Nigeria. The Aspire Small Business Fund and the Aspire Growth Fund cater for the Niger Delta.

    The Aspire Small Business Fund provides between $10,000 and $100,000 to small business owners in the oil-rich region, while the Aspire Growth Fund frees between $100,000 and $3 million to businesses to stimulate growth in the area. GroFin provides its funds mostly for a maximum of six years.

    #4. Shell LiveWire

    The Shell Petroleum Development Company of Nigeria Limited has a number of funds for young entrepreneurs, including women.

    Through the programme, Shell provides support, access to training, guidance, and business mentorship to young entrepreneurs and potential entrepreneurs between the ages of 18 and 35.

    The programme operates mainly in the Niger Delta region and aims to inspire, encourage and support young people to start up their own businesses through the provision of finance and training for young entrepreneurs, according to Shell.

    #5. Lagos State Employment Trust Fund

    Lagos State has N25 billion to support SMEs. The fund is divided into two categories; micro and small businesses. Under the micro, businesses can access up to N500, 000 loans with an interest rate of five percent and a tenor of one year. For the small business category, businesses can get up to N5 million for a tenor of three years. The criteria for accessing the funds include: membership of a business organisation, which will recommend the business for the loan; Lagos State tax receipt for at least six months, and Lagos state residency card. This takes three weeks for processing.

    #6. Social Intervention Fund of FG

    This fund is for artisans and owners of micro businesses. The artisans of business owners can only access a maximum of N100, 000 at three percent interest rate on a year’s tenor. The criteria for accessing the fund include membership of a business organization.

    #7. Oxfam

    Oxfam has a number of funds for Nigerian entrepreneurs. Oxfam, an international confederation of charitable organisations focused on the alleviation of global poverty, recently disbursed €100 million to high-impact SMEs in Nigeria through Nextzon.

    Culled From Start-Up Digest