CBN-Entrep Devpt Centre engineers wealth creation in osun, trains 135 youth
The Central Bank of Nigeria (CBN) through its allied in entrepreneurship development training in the South West, Entrepreneurship Development Centre EDC, recently organized training for 135 people in Osogbo, the Osun state capital.
The four-week training programme, which was implemented by the Africa Leadership Forum, exposed participants to modules such as mindset reengineering business idea, money and livelihood, enterprise development and idea generation, business and financial management, Marketing and interpersonal relationship and others.
Osun state deputy governor, Otunba Grace Titilaoye Tomori, in her remark during the graduation ceremony, called on the youths of the state to embrace the opportunity and key in to the agenda of the CBN in developing entrepreneurs.
She lamented that it is quite sad that foreign companies who operates in Nigeria demands foreigners as workers due to perceived inexperience and effectiveness of Nigerians and urge the youths to end the aberration by proving their worth through the skills and training they have acquired.
‘All the graduating trainees are expected to go and start businesses in the state in order to end poverty and enhance employment rate. The era of oil boom is gone and we have to take our hands to work. She further remarked on some of the business plans that were presented at the event that she believes things have changed in the state.
“This is not the first time that the CBN-EDC Southwest has partnered with the people of Osun State to provide entrepreneurship training cum business development services. Seventy-five (75) SMEs were trained through Cooperative groups that organized entrepreneurship training for her members in July 2016”,sShe added.
Representatives of the CBN, Mrs. Oluyemisi, in her remark,said the apex bank is leveraging on research that has showed that economies thrive on Small and Medium Enterprises (SMEs).
The four-week training programme, which was implemented by the Africa Leadership Forum, exposed participants to modules such as mindset reengineering business idea, money and livelihood, enterprise development and idea generation, business and financial management, Marketing and interpersonal relationship and others.
Osun state deputy governor, Otunba Grace Titilaoye Tomori, in her remark during the graduation ceremony, called on the youths of the state to embrace the opportunity and key in to the agenda of the CBN in developing entrepreneurs.
She lamented that it is quite sad that foreign companies who operates in Nigeria demands foreigners as workers due to perceived inexperience and effectiveness of Nigerians and urge the youths to end the aberration by proving their worth through the skills and training they have acquired.
‘All the graduating trainees are expected to go and start businesses in the state in order to end poverty and enhance employment rate. The era of oil boom is gone and we have to take our hands to work. She further remarked on some of the business plans that were presented at the event that she believes things have changed in the state.
“This is not the first time that the CBN-EDC Southwest has partnered with the people of Osun State to provide entrepreneurship training cum business development services. Seventy-five (75) SMEs were trained through Cooperative groups that organized entrepreneurship training for her members in July 2016”,sShe added.
Representatives of the CBN, Mrs. Oluyemisi, in her remark,said the apex bank is leveraging on research that has showed that economies thrive on Small and Medium Enterprises (SMEs).
The Program Director of the CBN-EDC Southwest, Dr. Olumide Ajayi, commended the state for being enterprising and for being the first state in southwest Nigeria to sponsor individuals and create avenue for the training of this magnitude since its commencement in March 2015.
Dr. Ajayi further stated that of the 135 persons that had undergone the training, 125 (93%) had submitted their business plans; hence, the State Micro-Credit Agency will start interacting with them henceforth.
He urged the graduands not to waste the money they would be given for their businesses but to ensure that they create enterprises, employ other people in order to create more jobs. As at the end of the first batch of training, 21 people have already registered for the second batch of the training which would commence on October 24, 2016. This initiative will make the State of Osun a model for the other states in the Southwest. In closing his remarks, he decorated all the guests on the high table with the CBN-EDC Southwest insignia.
The General Manager and CEO of the Osun Microcredit Agency, Mr. Dayo Babaranti, who urge the graduands to engage in what they are passionate about also inform them of the available interventions for the funding for businesses which included the Microcredit agency: N1,000 to N1,000,000; Bank of Industry (BOI) Fund, minimum of N5,000,000; and commercial banks N10million to N50million, all at maximum 9% interest rates.
Dr. Ajayi further stated that of the 135 persons that had undergone the training, 125 (93%) had submitted their business plans; hence, the State Micro-Credit Agency will start interacting with them henceforth.
He urged the graduands not to waste the money they would be given for their businesses but to ensure that they create enterprises, employ other people in order to create more jobs. As at the end of the first batch of training, 21 people have already registered for the second batch of the training which would commence on October 24, 2016. This initiative will make the State of Osun a model for the other states in the Southwest. In closing his remarks, he decorated all the guests on the high table with the CBN-EDC Southwest insignia.
The General Manager and CEO of the Osun Microcredit Agency, Mr. Dayo Babaranti, who urge the graduands to engage in what they are passionate about also inform them of the available interventions for the funding for businesses which included the Microcredit agency: N1,000 to N1,000,000; Bank of Industry (BOI) Fund, minimum of N5,000,000; and commercial banks N10million to N50million, all at maximum 9% interest rates.
