Wema Bank has partnered with the National Youth Service Corps (NYSC) to launch NYSC-ALAT Accelerator Programme to enable young Nigerians a smooth and profitable entry into the labour market.
The NYSC-ALAT Accelerator Programme is an initiative targeted at equipping youth under the NYSC, with resources for skill acquisition and career development, to reduce unemployment and underemployment rates, thereby stimulating economic performance and national development.
The partnership was unveiled at the Memorandum of Understanding (MoU) Signing Ceremony in Abuja, Nigeria.
According to a statement by the bank yesterday, the pioneering programme, which is in collaboration with Microsoft, will empower Corps members with grants and funding to help them build sustainable streams of income, and provide cutting-edge digital training in areas such as design thinking, artificial intelligence, programming languages, and content creation.
Participants will also access mentorship opportunities and undergo a business plan competition to help them curate the perfect business plan and also substantially reward the best ideas that foster entrepreneurship and job creation; additionally providing loans to all participants.
In his address, Wema Bank’s Executive Director of Retail and Digital, Tunde Mabawonku expressed optimism that the partnership would foster the growth and development of 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.”
Representing the Director-General of NYSC, Ayodele Folorunsho Omotade expressed gratitude to Wema Bank for their support and commitment to driving the programme.
“This MoU signifies our combined 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.
The NYSC-ALAT Accelerator Programme has been fully set in motion across NYSC Camps nationwide. All Corps members are eligible to join the programme and access its unique benefits.
