No fewer than 2,659 members of the National Youth Service Corps (NYSC) from across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise, out of over 284,000 corps members who underwent rigorous training and assessments.
The pitching exercise scheduled to hold next month according to a statement signed by the Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye on Friday in Abuja, is an integral part of the NNPC Foundation’s Financial Literacy Programme for Nigerian youths.
The Managing Director of NNPC Foundation, Mrs Emmanuella Arukwe, who spoke on the exercise, noted that the selection criteria would focus on the feasibility and sustainability of the business idea, market relevance, competitive edge and innovation, scalability, potential impact on the community and the entrepreneurial spirit of the corps members.
She said: “We have identified these 2,659 individuals who are ready to present their business ideas to a distinguished panel of assessors.”
According to her, the Financial Literacy Programme was aligned with the NNPC Foundation’s mission of equipping young Nigerian graduates with the necessary skills for personal and professional development.
“By educating corps members on financial management and entrepreneurship, the program aims to empower them to become economically self-sufficient and to contribute positively to society,” she added.
During the pitching exercise, projects that stand out would receive startup packs, business advisory services, and opportunities to scale their ventures.
In a related development, the management of the NNPC Foundation has facilitated a significant 50% reduction in the registration fee for corps members’ businesses with the Corporate Affairs Commission (CAC).
The NNPC Foundation is the Corporate Social Responsibility arm of NNPC Limited. Its initiatives focus on enhancing Nigeria’s socio-economic development through targeted interventions in education, health, the environment, access to energy and youth empowerment to foster economic empowerment, promote entrepreneurship, and support sustainable development across the nation.