Vice-President Kashim Shettima has revealed a partnership between the federal government and Wema Bank to create Micro, Small, and Medium Enterprise (MSME) digital hubs in seven states.
The initiative aims to equip one million youths with essential digital skills, fostering employability and nurturing a technologically adept workforce.
The digital hubs, known as FGN/ALAT Digital and Skillnnovation Hub, will initially launch in Lagos and Borno States, followed by Katsina, Cross River, Anambra, Oyo, and Kano. The collaboration with WEMA Bank will empower young entrepreneurs with tailored financial products, training, and support to build sustainable businesses, fostering Nigeria’s economic growth.
The program’s strategic objectives include supporting tech-savvy youths with an interest in digital innovations, providing them with financial solutions, training, and access to strategic partnerships. It also aims to empower young employees, including those deployed through the NYSC, to become integral members of Nigeria’s workforce.
The initiative will benefit one million youths through software engineering, product design, and other digital training, while 500,000 SMEs will receive mentoring on business development. FGN/ALAT Digital and SkillNnovation Hub will serve as a centralized platform for cutting-edge digital skills, mentorship, and networking opportunities, focused on promoting entrepreneurship and skills development in Nigeria.
Grants totaling N500 million will be provided under a collaborative arrangement between the federal government and WEMA Bank to support SMEs and techpreneurs.
