 |
| CREDITS: NIGERIAN TRIBUNE |
PRESIDENT Goodluck Jonathan on Monday launched a $50 million Small and Medium Enterprises (SME) growth fund to enhance the Youth Enterprise With Innovation in Nigeria (YouWIN) programmed whose fourth edition he flagged off.
Performing the ceremony at the old Banquet Hall of the Presidential Villa, Abuja, he said the fund was the required seed capital to enable the government to attract more investors to the ongoing efforts to create jobs for the youth.
YouWIN, which was first launched 2011, is an entrepreneurial scheme designed for entrepreneurs aged between 18 and 45 years with the objective of creating thousands of jobs by helping winners to strengthen and expand existing businesses as well as turn innovative ideas into solid businesses.
The President said awardees of the YouWIN programme should be able to access the SME growth fund without having to go through any godfather.
Jonathan said the new fund will be managed by independent fund managers alongside the government and “you will notneed to know somebody to access it.”
He said access to the fund, which will identify and invest in a few enterprises, will be highly competitive as selection will be strictly on merit.
Click on ...NigerianTribune for more.
No comments:
Post a Comment
We reserve the right to delete any message found vulgarizing. Avoid crude or indecent texts..