NYSC, Wema Bank signs MoU on youth empowerment

Wema Bank has joined forces with the National Youth Corps Service (NYSC), to launch the NYSC-ALAT Accelerator Programme.

The programme is a strategic partnership to enable smooth and profitable entry into the labour market for young Nigerians on the scheme.

It is an initiative targeted at equipping youth under the NYSC, with resources for skill acquisition, job acquisition, and career development, to reduce unemployment and underemployment rates, thereby stimulating economic performance and national development.

This partnership was officially unveiled at the Memorandum of Understanding [MOU] signing ceremony in Abuja, Nigeria.

The pioneering programme will empower NYSC members with grants and funding to help them build sustainable streams of income, and provide cutting-edge digital training in areas such as design thinking, artificial intelligence, programming languages, and content creation, in collaboration with Microsoft.

Participants will also access mentorship opportunities and undergo a business plan competition to not only help them curate the perfect business plan but also substantially reward the best ideas that foster entrepreneurship and job creation; additionally providing loans for all participants.

In his address, Mr. Tunde Mabawonku, Wema Bank’s Executive Director of Retail and Digital highlighted the essence of the groundbreaking partnership. “Wema Bank, with 79 years of financial inclusion, is committed to empowering lives through innovation. This partnership with NYSC is a platform for the growth and development of Nigerian youths, intertwining digital technology with daily life and driving economic growth. Our vision is to provide the youth with tools that will accompany them beyond their service year, shaping their career and adult life,” he said.



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