Wema Bank has announced that it is partnering with the Federal Government to empower one million youths with digital and other relevant skills.
According to Wema Bank, it will empower the beneficiaries via innovation hubs that will be set up across the country. The initiative, known as FGN/ALAT Digital and Skill Novation Hub, was agreed upon during a meeting between representatives of the bank and Vice President Kashim Shettima in Abuja.
Commenting on the partnership, Wema Bank’s MD/CEO, Moruf Oseni, said the initiative was designed to revolutionise the way young entrepreneurs and employees interact with technology, boost entrepreneurship and skill development.
“The Digital and Skill Novation Hub reflects our dedication to fostering a thriving ecosystem that empowers tech-savvy youth entrepreneurs, youth entrepreneurs by nature, and young employees, driving economic growth and sustainable progress across the nation. This centralised platform will integrate cutting-edge digital tools, technologies, and resources to streamline digital activities, collaboration, and information sharing.”
It noted that the initiative aims to provide financial solutions, training, and access to strategic partnerships, empowering young employees to become an integral part of Nigeria’s workforce, especially those deployed through the NYSC.
Experts would mentor 500,000 SMEs across Nigeria, while coaches will provide training and upskilling for business growth.
Under the scheme, grants will be provided through a collaborative arrangement between the Federal Government and WEMA Bank, allocating N500m to be given to SMEs and technopreneurs”.