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EDC partners Mastercard Foundation to launch initiative to equip 40,000 young women and men in Nigeria with entrepreneurial skills annually

Adaugo Nwankpa
Adaugo Nwankpa

The Enterprise Development Centre (EDC) announced a  partnership with the Mastercard Foundation to launch the Transforming Nigerian Youths program.  

Recognizing that employment is a pathway out of poverty, the program seeks to create a network  of entrepreneurial and managerial change makers, particularly young people and women across  the Micro, Small and Medium Enterprises (MSMEs) sector, in Nigeria. In a bid to help reduce the  unemployment rate in the country, the free training program aims to boost employment creation  and sustainable livelihoods.

This 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. The program will also provide support and  resources to young people who want to become employable in the creative and agricultural sectors.

In the last decade, Nigeria’s unemployment rate has continued to increase. According to the  National Bureau of Statistics (NBS), the unemployment rate as at the second quarter of 2020 was  27.1 percent, indicating that about 21,764,614 (21.7 million) Nigerians remain unemployed, of  which 13.9 million are young people.

Enterprise Development Centre (EDC) of the Pan-Atlantic University, a leading enterprise  development Centre, has in the last 17 years, provided support services to thousands of SMEs  through capacity building, advisory services, and partnerships with organizations that have an  interest in the development of the SME sector in Nigeria.

“We are excited to be part of the Transforming Nigerian Youths program to empower young  Nigerians, especially women. It will serve as a catalyst for entrepreneurial reorientation, job  creation, and sustainable livelihood,” says Mr. Peter Bamkole, Director, Enterprise Development  Centre, Pan-Atlantic University.

The intervention will scale EDC’s online learning capabilities to provide core business training to  an even broader grouping of SMEs in the agricultural and creative sectors of the economy. It will  also ensure that even the most marginalized, including young women in the north, can access this  world class training.

Applications are open for young Nigerians, especially women within the age range of 18-35.  To start an application, please click here, contact  09094561652, 09099241623, 08094468117, or Email: Youngafricaworks@pau.edu.ng

About Young Africa Works

Young Africa Works is the Mastercard Foundation’s strategy to enable 30 million young people,  particularly young women, across Africa to access dignified work. Africa will be home to the  world’s largest workforce, with 375 million young people entering the job market by 2030. With  the right skills, these young people will contribute to Africa’s global competitiveness and improve  their lives and those of their communities

The Mastercard Foundation will implement Young  Africa Works in 10 African countries in collaboration with governments, private sector,  entrepreneurs, educators, and young people. The first phase of countries identified by the  Mastercard Foundation are Rwanda, Kenya, Ghana, Senegal, Ethiopia, Uganda, and Nigeria.

Nigeria In Focus:

Population - 206.6 million (Compared to South Africa's 59.6 million)

GDP: $504.57 billion (Compared to South Africa's $369.85 billion)

GDP Per Capita: $2,465 (Compared to South Africa's $6,193)

News

Adaugo Nwankpa

Statistical and Economics Analyst with a focus on social development.