NYSC/Wema Bank Empowerment Program Set to Transform Lives of Corps Members

In a significant move towards fostering youth empowerment and reducing unemployment rates, Wema Bank has recently inked a Memorandum of Understanding (MOU) with the National Youth Service Corps (NYSC) to unveil the groundbreaking NYSC-ALAT Accelerator Programme. This strategic partnership aims to facilitate a seamless transition for young Nigerians entering the labor market, providing them with valuable resources for skill acquisition, job placement, and career development.

The NYSC-ALAT Accelerator Programme seeks to equip NYSC members with essential skills and resources to enhance their employability and contribute to national development. The initiative includes grants and funding to help participants establish sustainable income streams. Moreover, the program offers cutting-edge digital training in key areas such as design thinking, artificial intelligence, programming languages, and content creation, in collaboration with industry giant Microsoft.

The partnership was formally announced at a MOU signing ceremony held in Abuja, Nigeria, where both organizations pledged their commitment to reducing unemployment and underemployment rates among Nigerian youth.

Mr. Tunde Mabawonku, Wema Bank’s Executive Director of Retail and Digital, underscored the significance of the collaboration, stating, “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.”

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The NYSC-ALAT Accelerator Programme not only provides financial support but also includes mentorship opportunities and a business plan competition. Participants will have the chance to develop and showcase their entrepreneurial ideas, with the best concepts receiving substantial rewards. Additionally, loans will be made available to all participants to further support their business ventures.

Representing the Director-General of NYSC, Mr. Ayodele Folorunsho Omotade expressed gratitude to Wema Bank for their commitment to the program, emphasizing that the MOU signifies joint efforts towards wealth creation and the economic advancement of Nigerian youth. “With Wema Bank’s support, we look forward to opening up career opportunities for our members and contributing to the development of a digitally skilled workforce,” he added.

This innovative partnership between Wema Bank and NYSC holds promise for transforming the lives of Corps members, providing them with the necessary tools and opportunities for personal and professional growth. As Nigeria embraces digital transformation, initiatives like the NYSC-ALAT Accelerator Programme play a crucial role in shaping the future of its youth and contributing to overall economic progress.

Source: The Nation Online – NYSC/Wema Bank Partnership

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