Africa Press-Nigeria:<\/p>\n
The Nigerian Youth Compass on COVID-19 and Nigerian Youth Chamber of Commerce, have signed a Memorandum of Understanding (MOU), to assist 10 million entrepreneurs access loans under the Agribusiness Small and Medium-Scale Enterprises Intervention Scheme (AGSMEIS), set up by the Central Bank of Nigeria.<\/p>\n
Chairman, Nigerian Youth Compass on COVID-19, Gambo Haruna, who addressed newsmen yesterday in Abuja, explained that the partnership became expedient following the growing number of unemployment occasioned by the outbreak of Coronavirus.<\/p>\n
Haruna, added that for now the two firms have 2 millions entrepreneurs in the database, but assured that before the end of the year, more youths would be incorporated.<\/p>\n
He said: \u201cThis partnership is strategic and timely considering the urgency for economic recovery created by the COVID-19 pandemic. The proposed partnership will be complement efforts of the government to safe the economy. It will stimulate MSMEs growth beyond the COVID-19, create millions of jobs and contribute to non-oil revenue in Nigeria.<\/p>\n
\u201cBusinesses are shutting down and taking with them jobs and the livelihood of young Nigerians at an alarming rate. Millions of Micro and small-scale enterprises have been wiped out by the prevailing lockdown.<\/p>\n
\u201cMost of these MSMEs are operated by young people who are legitimately trying to make a living; they operate in the informal sector, making it difficult for them to be captured for any intervention.\u201d<\/p>\n
President of Nigerian Youth Chamber of Commerce, Peter Ayim, noted that the panacea to unemployment is entrepreneurship which state governments must pay more attention to.<\/p>\n
\u201cWe recognized that in the growing rate of unemployment the only solution is entrepreneurship. Rising from her we will set up a steering committee to engage the governor of CBN and the chairman of NIRSAL micro finance bank, to see how we can make this happen because this is a very serious matter.\u201d<\/p>\n
Also, Chairman, Advisory Board, Nigerian Youth Compact on COVID-19, Uzoh Ifeanyi, expressed hope that the partnership will shore up MSMEs growth beyond the COVID-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Africa Press-Nigeria: The Nigerian Youth Compass on COVID-19 and Nigerian Youth Chamber of Commerce, have signed a Memorandum of Understanding (MOU), to assist 10 million entrepreneurs access loans under the Agribusiness Small and Medium-Scale Enterprises Intervention Scheme (AGSMEIS), set up by the Central Bank of Nigeria. Chairman, Nigerian Youth Compass on COVID-19, Gambo Haruna, who […]<\/p>\n","protected":false},"author":62,"featured_media":8947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[1452,1451],"class_list":["post-27541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-corona-virus-in-nigeria","tag-covid-19"],"yoast_head":"\n