20 Young entrepreneurs have received business plan training in the US as part of small and medium enterprise development in the country.
A team of 20 entrepreneurs from Nigeria have received an all expenses paid trip to the US for a one month training programme. The team of young entrepreneurs left on Wednesday to Barry University in Florida, US for the four week training on entrepreneurship development.
The entrepreneurs will visit small and big corporate organizations, entrepreneur support and lobby groups and financial institutions such as banks and venture capital funds during their stay in the US. They will also be expected to draft viable business plans which will be implemented upon return.
The entrepreneurs are beneficiaries of the Nigerian Youth Entrepreneurship Programme organised by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in partnership with the US Government and Barry University.
The SMEDAN is an organisation that promotes the growth of Small and Medium Enterprises (SMEs) in Nigeria. It supports the SME sector through capacity building initiatives and also offers mentorship, advice and support in accessing financing.
The 20 entrepreneurs were selected among 1,000 applicants who participated in a business plan Competition held earlier in the year. The aim of the Nigerian Youth Entrepreneurship Program is to stimulate job creation and economic activity in the West Africa state.
Upon return to Nigeria the entrepreneurs will receive mentorship and follow up visits to oversee the growth of their business enterprises.
To fund their business plans, the entrepreneurs will also receive loans from Nigeria’s National Economic Reconstruction Fund (NERFUND), an organisation that gives financing to SMEs.
edgar mshumbusi
November 19, 2010
am happy to see most countries spend their time to help their entrepreneurs to get alot of training for better perfomance of their bussines but things are different in tanzania especially for we youth living in remote areas no one seems to care.
ADIEZE OBINNA
November 19, 2010
The scope of training the entrepreneurs should be widened in order to allow much people participate. i mean organizing such training programmes in localities in African where people in the remote areas would be part of.
james
December 23, 2010
Hi, I am James Emeka from Nigeria. I am a young entrepreneur in transportation in Nigeria and need financial assistance to grow my business. Pls help………..
Cyril Ejiofor
January 15, 2011
I am CRAZY about receiving business plan training for my company which I dream will become the leading corn-bean flakes company in the whole of Africa. My phone number is 08033418595. What do I need to do? I reside in Abuja.
Ojo Ikponmwosa Jerry
January 21, 2011
Thanks for this platform, please I want you to put me through on how to get fund for my business plan. Thanks, anticipating your response.
Africa Report Team
February 21, 2011
Hi Effidity,
Here are the contact details for SMEDAN, the organisation that organised this training:
Tel:09-7804771, 09-7804765
Email: info@smedan.gov.ng
Website: http://www.smedan.gov.ng
You can contact them to find out if they have any training coming up in 2011.
Africa Report Team
Kristle Bonnema
October 17, 2011
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gendeng
October 31, 2011
Thanks for sharing information about the Nigerian Youth Entrepeneurship Programme | Africa Report always keeps us updated! I love your article about the Nigerian Youth Entrepeneurship Programme.