Youth Entrepreneurship Scheme Attracts CBN’s MSMES Fund

The Central Bank of Ni
    geria (CBN) is to extend its N220 billion Micro, Small and Medium Scale Entrepreneurship (MSMES) fund to the youth entrepreneurship strategy for the oil and gas industry, an entrepreneurship initiative designed to enable Nigerian youths become active players in the nation’s oil and gas sector.
Initiator of the Youth Entrepreneurship Strategy of Nigeria (YESNIGERIA) and Chief Executive officer of Anabel Group, Mr Nicholas Okoye, made the disclosure in Abuja at the unveiling of the Triple ‘E’ initiative (Entrepreneurship, Empowerment and Employment), an entrepreneurship package in the oil and gas industry for youths, women and SMEs.
Mr Okoye noted that YESNIGERIA is a timely idea as nations, including Nigeria are battling with the problem of unemployment.
According to him, solving the unemployment problem required the promotion of entrepreneur, which is the fulcrum for job creation.
Okoye stated that the ministry of industry, trade and investment had continued to make giant strides in promoting entrepreneurship in the country via small, medium enterprises initiatives.
The chief executive, who is also the founder of Empower Nigeria, stated that his group was simply complementing the federal government efforts, noting that there was the need to create a pool of young Nigerian players in the oil and gas sector as the Nigerian content continues to redefine activities in the sector.
He expressed delight that flowing from his discussions with the CBN, the apex bank was disposed to extending the N220 billion MSMES funds to promote the youth entrepreneurship strategy for the oil and gas sector.