Business
Foundation, Ministry Partner On Business For Corps Members
The TY Danjuma Foundation, an NGO, last Thursday in Abuja, signed a Memorandum of Understanding (MOU) with the Federal Ministry of Youth Development on an agro-allied business initiative for youth corps members.
The Minister of Youth Development, Malam Bolaji Abdullahi, signed on behalf of the ministry while the Executive Director of the foundation, Mrs Theoma Ekiyor, signed for the NGO.
According to the minister, each of the successful corps members will get between N2 million and N3 million, to start up an agro-allied business.
He said that government alone could not provide the needed opportunities, hence the need to partner with relevant stakeholders as part of efforts to provide jobs for the youth.
“As you all know, the biggest challenge facing most countries of the world today, is how to create opportunities and employment for young people;
“So we at the Ministry of Youth Development recognise this as the most important responsibilities that we have to continue to seek innovative strategies to create opportunities for young people, not only to gain employment but to also create employment opportunities and jobs for themselves and for others.
“Then we also know like we always emphasised that our ability to do this will depend very largely on our strength of partnership and collaboration.
“We are going to succeed to the extent that we are able to create opportunities for all to tap into other peoples experience, competence and expertise because as a ministry we don’t have the ability to create jobs ourselves.
“Then what we can do is to provide a platform, the energy and focus to solve some of these very difficult problems.”
Earlier, Mrs Ekiyor had declared that no private operator could entirely replace government in its effort to empower the people.
She said it was for that reason that partnership between the government and the private sector was necessary for the socio-economic development of the country.
She said the NYSC Agro business plan would go a long way to improve the lot of corps members by making them self-reliant after the service year.
Ekiyor said that the signing of the MoU marked the beginning of a constructive relationship that would attract other opportunities needed to empower the youth.
“The NYSC agro business grant scheme will be implemented under TY Danjuma Foundation, but we decided to start out with the pilot in 2012 and we have that desire and the success of the pilot and subsequently we will reach out across the country, even though it’s the pilot we have no desire to end it.
“This is the beginning of a constructive relationship that will go forward with the ministry as an institution, and we want to do it in different parts of Nigeria and we look forward to other collaborations that might be relevant for the foundation.”
The foundation will monitor the scheme to ensure that the grants are used judiciously.