FG PARTNERS WITH WEMA BANK TO ESTABLISH MSME TECH HUBS IN 7 STATES
By Ifeoluwa Sunday
In a bid to provide more digital jobs for young Nigerians, the Federal Government, under the leadership of President Bola Ahmed Tinubu, is collaborating with WEMA Bank to launch digital hubs across the country. The initiative aims to empower 1 million youths with digital and related skills, while supporting 500,000 Micro, Small, and Medium Enterprises (MSMEs) through grants and digital training.
According to a statement released and signed by Olusola Abiola, Director of Information, Office of the Vice President, the FGN/ALAT Digital and SkillNnovation Hubs will be established initially in Lagos and Borno States, followed by Katsina, Cross River, Anambra, Oyo, and Kano. These hubs will serve as centralized platforms, run in partnership with WEMA Bank, to provide cutting-edge digital skills, mentorship, and networking opportunities to tech-savvy youths and young entrepreneurs.
The program's strategic objectives include empowering young entrepreneurs by offering tailored financial products, training, and support to help them build sustainable businesses that contribute to Nigeria's economic growth. Additionally, the initiative aims to provide financial solutions, training, and access to strategic partnerships for tech-savvy youths interested in driving digital innovations. It also seeks to empower young employees, particularly those deployed through the National Youth Service Corps (NYSC), by integrating them into Nigeria's workforce.
The training component of the program aims to reach 1 million young adults, offering specialized courses in software engineering, product management, business analysis, cloud computing, and product design. Meanwhile, experts will mentor 500,000 SMEs across Nigeria, providing coaching and upskilling opportunities for business growth.
Under the collaborative arrangement between the Federal Government and WEMA Bank, N500 million in grants will be allocated to support SMEs and techpreneurs.
The launch of the FGN/ALAT Digital and SkillNnovation Hubs reflects the commitment of the Nigerian government to promoting entrepreneurship, skills development, and the integration of young employees in the digital economy. By empowering young Nigerians and upskilling SMEs, the initiative aims to drive technological advancements and add value to the country's economy.
The digital hubs are set to make a significant impact on the Nigerian youth and MSMEs, offering them the necessary resources and support to thrive in the digital age.