Akwa Ibom State government and a Lagos State-based firm, Enterprise Development Centre (EDC) have signed a Memorandum of Understanding on Ibom Leadership and Entrepreneurial Development.
The MoU was targeted to train 10,000 women in human capacity in addition to the 400 youths already undergoing the Entrepreneurship Accelerator Programme at the Ibom-LED training centre
Speaking at a brief ceremony to sign the MoU on Friday at the Government House, Uyo, the State Governor, Pastor Umo Eno described the partnership as a welcomed development that will yield mutual benefits, expressing the readiness of the State government to work with the Lagos based firm to ensure the attainment of the A.R.I.S.E. Agenda goal of capacity building and entrepreneurial development.
The governor promised that support services to establish Small And Medium Scale Enterprises, SMEs, on completion of the training would be provided for the trainees.
He explained that it was not enough to provide capital for people to get into businesses ignorantly saying there is need for training on business ventures for optimal level of confidence and reliability, considering the critical roles SMEs play in creating employment and boosting the economy.
“The vision for Ibom-LED is to raise entrepreneurs and we also want to support them, but it’s not just enough to give people money. You have to train them and make them reliable.
“So this partnership for me is critical. I thank the EDC for this partnership and ask for more of this support so as to realize the visions that we have set out and at the end of it, Ibom-LED can truly say we have developed our SMEs. We can’t get it wrong with SMEs.”
The Ibom-LED Team Leader and Managing Director of Akwa Ibom Investment Corporation, AKICORP, Pastor Imo-Abasi Jacob, explained that the Enterprise Development Centre is an arm of the Pan Atlantic University, formerly known as Lagos Business School and expressed optimism that with the goodwill expressed so far in granting Ibom-LED access to their capacity building programme, the state will be better for it.
The Head of the EDC Legal Team who doubles as Head of its Alumni Relations and Support Services, Barr. Nnenna Ugwu expressed satisfaction with the seriousness of the Umo Eno led- government in human capital development, saying that their offer of entrepreneurial training for 10,000 young women in Akwa Ibom State through Transforming Nigerian Youths Programme, was initiated in partnership with Mastercard Foundation.
On the criteria for selection, Barrister Ugwu explained that the programme was meant for young women between the ages of 18 and 35 who are already in business and aspiring to grow, adding that beyond the training, the programme has provision for support services for participants.
