• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Domak Group to Award N100m Start-up Grant to Student Entrepreneurs During Entrepreneurship Summit

MSME Africa by MSME Africa
July 7, 2023
in Business, Education, News
0
Domak Group to Award N100m Start-up Grant to Student Entrepreneurs During Entrepreneurship Summit

Kingsley Mike Azonobi, Chairman President of Domak Group International

Share

A private sector group, Domak Group International is set to train and empower 100 Nigerian students with N1million grant each to enable them “secure their future.” This stems out of the determination to curb the growing rate of unemployment across the country,

Kingsley Mike Azonobi, chairman/president of Domak Group International (DGI), who disposed this in Abuja, decried the surging rate of unemployment, neglect of youths in governance and consequently their involvement in criminal activities across the country despite their huge potential.

Azonobi also noted that Nigeria churns out 1.5 million graduates every year, with little hope for the future after enduring struggles in school.

“Through the records, it has been shown that the students and youth generally in Nigeria makes up about 70% of the nations’ populace. It is very disheartening to see that 70 percent of the component of a nation’s citizenry don’t have a stake or voice in the machinery governing the affairs of such nation. The effects of the surge of unemployment which increasingly rises and presently stands at 32.5 percent, and the loss of identity in the machinery of governance and administration in Nigeria that has rippled into the prevalence of crime in Nigeria. Again, from the records, it can be seen that about 92% of total crimes committed in Nigeria are caused by the youth,” he said.

To this end, he informed that the Group would hold the Domak Entreprenueuship Summit (DES), 2023 in partnership with all Nigerian students under the organisation of their respective umbrella bodies such as the National Association of Nigerian Students (NANS), among others, and over 35,000 students across Nigeria and the diaspora are expected.

“This is a Summit which will invariably equip the Nigerian student to acquire and own the requisite knowledge, training, exposure, platform, and asset that would give him the capacity to face life frontally and achieve his dream in life. 100 students will be going home with the sum of N1,000,000 each for emerging winners at the competition. At the end of the Summit, every participant would have been trained, empowered and mentored to a capacity where he can be valued asset to the himself and the nation at large,” he explained.

Also speaking, the Executive Director, DOMAK Entrepreneurship, Hillary Emoh, said that DOMAK Entrepreneurship Summit seeks to address the issues bordering on self-employment, helping start-ups and small business owner, adding that the goal is to establish and develop the mindset of all the young people that are willing to shape their future with their hands.

He noted that the DOMAK Group has always been at the forefront of youth development and empowerment in Africa, and has now set out to train at least 25000 young men and women to help boost the economy Nigeria and indeed Africa.

Post Views: 16
Share

Related Posts:

  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Call For Applications: Pulitzer ACE Micro Grants 2025: Up to $3,000 Funding in Africa
    Call For Applications: Pulitzer ACE Micro Grants…
  • The Africa Private Sector Summit (APSS) has inaugurated new Governance Boards
    The Africa Private Sector Summit (APSS) has…
  • 15611
    International Breweries’ Kickstart Initiative Awards…
  • How African Startups Can Secure Funding in Tough Markets
    How African Startups Can Secure Funding in Tough Markets
Tags: Domak Entreprenueuship SummitKingsley Mike AzonobiNational Association of Nigerian Students
Previous Post

President Tinubu Signs Four Executive Orders to Ease Tax Burden

Next Post

Ministry Commends NOTAP for Advancing Technology Regulation and Indigenous Innovation

Next Post
Ministry Commends NOTAP for Advancing Technology Regulation and Indigenous Innovation

Ministry Commends NOTAP for Advancing Technology Regulation and Indigenous Innovation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • AFRIMA To Train 1.2 Million Young Africans in 5 Years
  • Call for Applications: The Global Good Fund fellowship 2026 ( For Entrepreneurs and Social Innovators)
  • Call for Applications- ShowcaseHER: ImpactHER, Afreximbank Export Readiness Accelerator ( $1000 Grant, Fully Sponsored Trip to Intra-African Trade Fair 2025 in Algiers, Training and Coaching)
  • Call for Applications: Lagos Agrithon 2025 ( N150 Million in Prizes + Mentorship)
  • FCTA To Make SME Expo Quarterly To Boost Economic Impact

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.