3 Corpers Get 1.5m After Winning AMCON Business Plan Competition

The Asset Management Corporation of Nigeria (AMCON) has launched an entrepreneurship and empowerment program for Corps members.

Labeled “Annual NYSC CEO Entrepreneurship Competition,” the program involves a business plan competition among corps members serving in the organization.

At the end of the first edition of the initiative, three of the fifteen candidates came out on top and received checks of five hundred thousand naira each at a ceremony held at the AMCON office in Abuja.

They are Joanna Jewel Adamu (FC / 21A / 1265), Umar Aliyu Gosta (FC / 21A / 1251) and Abdulsamad Saidu Usman (FC / 21A / 1046) whose proposals focused on online art and fashion business; poultry production; and technological innovation respectively.

Speaking on the occasion, AMCON Managing Director Alhaji Ahmed Lawan Kuru noted the high rate of graduate unemployment and the need for stakeholders to strive to shift the mindset of young people. from that of looking for white collar jobs to that of entrepreneurial engagement.

The Director General, who praised the various empowerment programs of the federal government, particularly added his voice to the advocacy for the incorporation of functional entrepreneurship training into the country’s education program.

He said AMCON launched the Corps Membership Entrepreneurship Program in recognition of the NYSC’s invaluable contributions to national development.

Kuru said the intervention began by conducting entrepreneurship training for corps members with some of the organization’s staff volunteering as resource persons.

The CEO explained that the introduction of the business plan competition was aimed at providing funds to enable the winners to realize their business dreams and in doing so contribute to the economic development of the country.

He further said that aside from the winners, many other competitors have come up with great business ideas, adding that the latter group will also be supported by tokens.

The CEO said he was determined not only to make the program sustainable, but also to increase the number of laureates in subsequent editions.

Kuru took the opportunity to ensure AMCON’s willingness to establish a broader partnership with NYSC in the area of ​​entrepreneurship and empowerment.

In his speech, NYSC Chief Executive Officer Brigadier General Shuaibu Ibrahim said the program has been diligent in implementing its Skills Acquisition and Entrepreneurship Development (SAED) program, adding that many former trainees in the program were now business owners.

He said Corps members had huge potential for self-employment, but added that the challenge was always accessing funds to update their business plans.

The chief executive said this informed the proposal to create the NYSC trust fund, which would not only make SAED training more functional, but also serve as a sustainable source of funding for body entrepreneurs.

Ibrahim thanked the AMCON leadership for joining the partner leagues supporting the NYSC in empowering members of the body, and assured that the program would be an effective partner of the agency for the continued success of the new. initiative.

He assured that the program would strictly monitor the beneficiaries of the program and provide feedback to AMCON on the progress of their activities.

The Director-General congratulated the winners of the competition and urged them to use the funds given to them wisely.

Speaking on behalf of her colleagues, one of the laureates, Joana Jewel Adamu, thanked AMCON for taking advantage of the empowerment opportunity for them, which she described as life changing.

She assured that they would justify the trust placed in them by a judicious use of the funds.

By PRNigeria.

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