24 Igbo youths have received N50 million entrepreneurship grant for Small and Medium Enterprise, (SME) based on their degree of business plans ranging from N 5.5 million.
The grants are part of Intafact Hero’s Foundation Kick start programme geared towards empowering the next generation of entrepreneurs.
Intafact Hero’s Foundation Kickstart is Intafact’s Beverages Limited’s corporate social investment (CSI) initiative run by its subsidiary, Intafact Hero’s Foundation.
It is aimed at instilling a culture of entrepreneurship among youth in the South Eastern Nigeria by encouraging them to develop their big ideas into sustainable businesses or expand their existing businesses through the provision of material and financial support.
The ultimate goal of the programme is helping to build a young prosperous society by helping to create a culture of entrepreneurship thereby reducing youth unemployment in the region.
It is open only to Nigerians from 18 to 35 who live or have their business within the South-East region.
Governor Willie Obiano who presented the cheques said it was in line with his youth developmental agenda to empower Anambra youths.
The Governor said his administration established Anambra Small Business Agency to alleviate the sufferings of people through the disbursement of loans to boost their businesses.
He noted his government would continue the ‘N20 million choose your project community initiative’, to further strengthen and inject money into circulation to reduce the efforts of economic recession.
Earlier in the month, the State Government announced that 100 youths are to benefit from the soft loans for talenthunt in the fields of Agriculture, Science and Technology.
The programme is designed for Igbo youths who have interest and innovative prowess in the fields of Agriculture, Science and Technology. Funds for the young entrepreneurs would be provided by the Anambra State Small Business Agency (ASBA).