Victor Alexander Okhuese, Founder GENX |
Moreso, a recent intervention put in place by the Bank of Industry in collaboration with the Federal Government to salvage this challenge by disbursing loan of N10Billion quarterly to 1,200 entrepreneurs has been a mirage.
Therefore, we came up with a set goal that we could work with the Federal Government or any Non-governmental organization, Internation Non-governmental organization, Seed Investor, Angel Investor to disburse loan/grant of N3.7Billion to 1850 Entrepreneurs, 50 from each state of the Federation and the Federal Capital Territory.
The Global Entrepreneurship Network Exchange will collate and access pitch from each state and select loan/grant winning pitch from 50 entrepreneurs from each state and engage the entrepreneurs in a series of training and assessment after which they shall be placed as Apprentice CEOs under established business for a period of 6 Months.
Thereafter, the funds will be disbursed and monitored to avoid inappropriate usage and their businesses mentored.
The final goal, however, is to create about 5550 Jobs, and this will be achieved after the funded entrepreneurs have employed 3 each after a space of 1 year.