A total of 2,659 members of the National Youth Service Corps (NYSC) in Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise.
The exercise, scheduled from 2 to 10 July 2024, is an integral part of the NNPC Foundation’s financial education program for Nigerian youths, which saw the involvement of over 284,000 corps members, who underwent rigorous training and assessments.
Speaking on the exercise, the Managing Director of NNPC Foundation, Mrs. Emmanuella Arukwe, said the selection criteria will focus on the feasibility and sustainability of the business idea, market relevance, competitive advantage and innovation, scalability, potential community impact and entrepreneurial spirit of the corps members.
“We have identified these 2,659 individuals who are ready to pitch their business ideas to a distinguished panel of evaluators,” Arukwe said.
Arukwe informed that the financial education programme is in line with the mission of the NNPC Foundation to equip young Nigerian graduates with the skills needed for personal and professional development.
“By educating corps members on financial management and entrepreneurship, the programme aims to enable them to become financially self-sufficient and contribute positively to society,” he added.
During the pitching phase, the projects that stand out will receive start-up packages, business consulting services and opportunities to scale up their initiatives.
In a related development, the management of the NNPC Foundation has facilitated a significant 50% reduction in the registration fee for corps member businesses with the Corporate Affairs Commission (CAC).
NNPC Foundation is the Corporate Social Responsibility arm of NNPC Limited. Its initiatives focus on enhancing Nigeria’s socio-economic development through targeted interventions in education, health, environment, energy access and youth empowerment to foster economic empowerment, promote entrepreneurship and support sustainable development across the nation.
Olufemi O. Soneye
Corporate Communications Manager
Anonymous society
Abuja
June 28, 2024.
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