Nigerian statistics show that in Q3 2017, Oil Producing States reported the highest unemployment rate. Rivers State was 41.82%, Akwa-Ibom 36.58%, Bayelsa 30.36% and Imo 29.47% against a National Average of 18.8%. This project will mentor 5000 unemployed in oil producing states, providing information, tools and skills needed to start up and manage small businesses. The goal is to alleviate poverty, restore hope, create wealth, generate employment, stimulate agriculture and industrial growth.
With dwindling price of oil, Nigeria went into recession with job losses at its peak. Most states before now funded entrepreneurship development programs aimed at growing non-oil products for local consumption and exports. Oils and Gas producing states never had such programs in their budgets. Priority was on large infrastructure projects which is now stalled as oil money is drying up. Sacked workers in oil fields are stranded, with no program in place to aid them start up small businesses
Our strategy is to mentor potential entrepreneurs, provide skill acquisition and update training, build capability in business development and entrepreneurship, advice on sources of finance and equipment, provide assistance in market development. We have a network of volunteers who will provide these services at minimal cost. But funds is needed for training, coaching and practical sessions Our goal is to create sustainable business, create jobs, fight poverty, create wealth and restore hope
By creating at least 5000 start-ups we are sure to create at least 20,000 jobs both directly and indirectly within the first year of the project. The long term impact will be seen in families paying their bills, poverty and unemployment reducing, and sustainable economies with inclusive growth being built. More states will withstand oil price shocks if more jobs are created from entrepreneurs.
