The Niger Delta Development Commission (NDDC) has announced a significant investment of N30 billion to support young entrepreneurs in the region. This funding will be channeled through the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) to foster economic growth and development.
NDDC Managing Director, Dr. Samuel Ogbuku, emphasized the Commission's commitment to empowering the people of the Niger Delta through sustainable economic programs. He highlighted NDCCITMA's crucial role in training young people, supporting Small and Medium Enterprises (SMEs), and developing industry-relevant skills.
Dr. Ogbuku stated, "We are providing N30 billion to fund projects and support businesses, ensuring the long-term success of our youth development initiatives. This matching fund will enable entrepreneurs to access capital and expand their businesses. Our 2024 budget includes this allocation specifically for the chamber of commerce, and we are working diligently to release these funds promptly."
He further emphasized the need to move beyond short-term support programs and focus on fostering genuine entrepreneurship. "We are collaborating with the Bank of Industry (BOI) to ensure the success of our youth development programs. Our new approach prioritizes supporting authentic entrepreneurs, not just those seeking short-term benefits. The government cannot employ everyone, but we can empower our youth by creating an environment where they can thrive as entrepreneurs and create jobs for others."
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