A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been selected for the final phase of the NNPC Foundation Business Pitching Exercise.
According to a statement issued by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye on Friday, the exercise is slated for July 2nd to 10th, 2024.
The statement disclosed that the exercise is an integral part of the Foundation’s Financial Literacy Program for Nigerian youths that witnessed the engagement of over 284,000 corps members, who underwent rigorous training and assessments.
On her part, the Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe said that the selection criteria would focus on the feasibility and sustainability of the business idea, market relevance, competitive edge and innovation.
Mrs. Arukwe also highlighted scalability, the potential impact on the community and the entrepreneurial spirit of the corps members as part of the criteria.
“We have identified these 2,659 individuals who are ready to present their business ideas to a distinguished panel of assessors,” she stated.
The Managing Director noted that the Financial Literacy Program is aligned with the NNPC Foundation’s mission of equipping young Nigerian graduates with the necessary skills for personal and professional development.
Her words: “By educating corps members on financial management and entrepreneurship, the program aims to empower them to become economically self-sufficient and to contribute positively to society.”
The statement also revealed that projects that stand out during the pitching exercise will receive startup packs, business advisory services, and opportunities to scale their ventures.
Similarly, the management of the NNPC Foundation has facilitated a significant 50% reduction in the registration fee for corps members’ businesses with the Corporate Affairs Commission (CAC).
The NNPC Foundation is the Corporate Social Responsibility arm of NNPC Limited. Its initiatives focus on enhancing Nigeria’s socio-economic development through targeted interventions in education, health, the environment, access to energy and youth empowerment to foster economic empowerment, promote entrepreneurship, and support sustainable development across the nation.
