The FATE Foundation has successfully trained 320 aspiring entrepreneurs through its Aspiring Entrepreneurs Programme (AEP) Futuremakers edition. This initiative aims to bridge the inequality gap in Nigeria by promoting economic inclusion for young people in underserved communities, including youths and persons with disabilities.
About the Initiative
Futuremakers by Standard Chartered:
– Global Initiative: Futuremakers is Standard Chartered Bank’s (SCB) global initiative designed to tackle inequality and promote economic inclusion.
– Focus: It targets young people in underserved communities, particularly focusing on youths and persons with disabilities.
– Sponsorship and Support: The two-year initiative was sponsored by the Standard Chartered Foundation (SBF) and supported by Youth Business International (YBI).
Program Execution
Training and Empowerment:
– Participants: The programme trained 320 participants across eight cohorts, with each cohort comprising 40 entrepreneurs.
– Locations: Training took place in Lagos, Ogun, Oyo, and Ekiti States.
– Gender Distribution: The program had a significant focus on female participation, with 70 percent of the participants being female and 30 percent male.
Statements from Organizers:
– Adenike Adeyemi, Executive Director of FATE Foundation:
– Announcement: “I am delighted to announce the successful completion of the FutureMakers project, which speaks to the power of collaboration and innovative entrepreneurship.”
– Empowerment: “With the support of Standard Chartered Foundation and Youth Business International, we have empowered a new generation of young entrepreneurs to drive economic growth and job creation in Nigeria.”
Corporate Support:
– Joke Adu, AGM/Acting Head of Corporate Affairs, Brand and Marketing, Standard Chartered Bank Nigeria Limited**:
– Awareness Promotion: “We are delighted to host the maiden edition of the SC Pop Up. The event is designed to promote awareness of the Bank’s Supplier Diversity and Inclusion strategy for small and women-owned businesses.”
– Support for Entrepreneurs: “It also amplifies the strategic support the Bank provides to aspiring entrepreneurs including those in tertiary institutions and entrepreneurs living with disability through our various Futuremakers Community Impact initiatives.”
Impact and Vision
Economic Growth and Job Creation:
– Vision: FATE Foundation remains committed to shaping the future of entrepreneurship in Nigeria by empowering young entrepreneurs to drive economic growth and job creation.
– Collaboration: The successful completion of the FutureMakers project highlights the power of collaboration between non-profit organizations, international foundations, and corporate sponsors.
This initiative not only provides essential skills and support for budding entrepreneurs but also plays a critical role in fostering economic inclusion and reducing inequality in Nigeria.
